topic Re: Cap1 Venture in Credit Card Applications

Cap1 Venture

Anonymous — Sat, 15 May 2021 23:19:50 GMT

Hi all,

I have major expense coming up around 40k. Due to the huge spend I am thinking of applying for the CIP (biz) and also the Cap1 Venture card.

Personal (Combine Util below 5%)

Chase Hyatt -approved Feb 17, 2021; spent nearly 15k in 3 months.

Amex Green - Approved Nov 15, 2020Personal (Combine Util below 5%)

1) In the past I had a Cap1 Khols applied in 2018 but closed by Cap1 on Oct 2020 for no activities since 2018. I got preapproved for Quick Silver Rewards 0%Apr for 15months Var APR after that. SaverOne Rewards and Secure Mastercard.

2) Income of 170k with biz income 1000-2000

cheers

FICO 8.0 - Personal. Always paid my bill on time and no -ve report on my file

Exp 739 (May 21) - 3 HP (1 decline Citi)

TU - 723 (Jan 21)

Equi- 712 (Jan 21)

Re: CIP and Cap1 Venture

FinStar — Sat, 15 May 2021 01:17:15 GMT

@Anonymous- for any prospective business applications, please post in the Business Credit section. This section of the forums is primarily for personal/consumer credit card apps. TY.

Cap1 Venture

Anonymous — Sat, 15 May 2021 07:39:37 GMT

My Apologies...Updated the Subject too

Re: Cap1 Venture

FinStar — Sat, 15 May 2021 20:01:58 GMT

Are the Hyatt and AmEx (personal) Green the only two credit card accounts on your profile or are these the 2 most recently obtained? What's the CL on the Hyatt?

Re: Cap1 Venture

Anonymous — Sat, 15 May 2021 20:25:29 GMT

Hyatt CL is $5k

Yes only the Hyatt and Amex Green (Personal) are active on my profile.

I have 3 HP from Nov 15, 20 as per experian. The other HP was from Citi (decline) Jan 15, 20 since I applied just for the Amex. The decline letter said I did not have revolving credit.

In the past I had a Amex Blue card (Personal) closed in Sep 2019 and in 2018 couple of store cards to get discounts at the stores.

Amex Green - SUB received

Hyatt - SUB on 3k spend received and may receive the SUB for 15k this month or the next (pending transactions).

Re: Cap1 Venture

FinStar — Sat, 15 May 2021 20:37:26 GMT

@Anonymous wrote:
Hyatt CL is $5k
Yes only the Hyatt and Amex Green (Personal) are active on my profile.
I have 3 HP from Nov 15, 20 as per experian. The other HP was from Citi (decline) Jan 15, 20 since I applied just for the Amex. The decline letter said I did not have revolving credit.
In the past I had a Amex Blue card (Personal) closed in Sep 2019 and in 2018 couple of store cards to get discounts at the stores.
Amex Green - SUB received
Hyatt - SUB on 3k spend received and may receive the SUB for 15k this month or the next (pending transactions).

Ok, thanks for the background on your profile.

IMO, your overall profile might be to thin for the Venture card, especially since the Hyatt card hasn't been opened for that long. Typically, the minimum SL for Venture is $5K, and they may not see much established revolving experience with your current profile (i.e. too new).

What is your comfort level with AFs, since both Hyatt and personal Green have them. Is there a specific threshold that you've considered or are you fairly open to them.

Re: Cap1 Venture

Anonymous — Sat, 15 May 2021 21:27:36 GMT

I am quiet comfortable with AF.

Correct me if I am wrong: Hold off the Amex cards after I complete my Chase 5/24 first. For the short term I am valuing Lounge perk as $0 since As I already get the travel perks like Lounge etc with Amex Plat Biz.

I am Hyatt Globalist, Hilton Diamond (expires in 2022 Mar), Oneworld Emerald

I am looking for cards with no FX fee (Not in any particular order)

1) Flexible Points card (CSP, Citi Premier etc)

2) Hotel - Hilton and Marriott (I already have the Hyatt Chase card)

3) Airlines - AA and United (International ones) since they r Oneworld and *Alliance and card holders they release more reward flights

Re: Cap1 Venture

FinStar — Sat, 15 May 2021 23:17:21 GMT

@Anonymous wrote:
I am quiet comfortable with AF.

Correct me if I am wrong: Hold off the Amex cards after I complete my Chase 5/24 first. For the short term I am valuing Lounge perk as $0 since As I already get the travel perks like Lounge etc with Amex Plat Biz.

I am Hyatt Globalist, Hilton Diamond (expires in 2022 Mar), Oneworld Emerald
I am looking for cards with no FX fee (Not in any particular order)
1) Flexible Points card (CSP, Citi Premier etc)
2) Hotel - Hilton and Marriott (I already have the Hyatt Chase card)
3) Airlines - AA and United (International ones) since they r Oneworld and *Alliance and card holders they release more reward flights

Ok, good to know.

So, currently you're at 2/24 (Hyatt and AmEx Green), correct? How many Chase CCs are you planning on obtaining in the next 12-24 months, besides CIP? (since they will go by the 5/24 restriction as well).

Re: Cap1 Venture

Anonymous — Sun, 16 May 2021 00:39:37 GMT

Mandatory card in order

Hilton Aspire (May 2022 since Hilton Diamond expires 31 Mar 2022)
Citi Premier, CSP/CIP & Cap 1 Venture - Flexible Points and covers alot of airlines and hotels
United (Per/biz), AA (Per/Biz), Alaska (Per/Biz)
Amex Plat Charge/Gold - Huge Spend

Since from the Chase Personal only the CSP is important the other 2 could be Biz (CIP and United). I can managed the 5/24.

I have had a citi check account for more than 6 months and was a Citi customer (check) in the past.

If I play it safe, Citi might be safe to get approved (In order). However I have this huge spend coming up and Amex Plat Charge might be a good option but it will take one of the slots or Amex Gold Biz.

Re: Cap1 Venture

FinStar — Sun, 16 May 2021 01:13:29 GMT

@Anonymous wrote:
Mandatory card in order
Hilton Aspire (May 2022 since Hilton Diamond expires 31 Mar 2022)
Citi Premier, CSP/CIP & Cap 1 Venture - Flexible Points and covers alot of airlines and hotels
United (Per/biz), AA (Per/Biz), Alaska (Per/Biz)
Amex Plat Charge/Gold - Huge Spend
Since from the Chase Personal only the CSP is important the other 2 could be Biz (CIP and United). I can managed the 5/24.

I have had a citi check account for more than 6 months and was a Citi customer (check) in the past.

If I play it safe, Citi might be safe to get approved (In order). However I have this huge spend coming up and Amex Plat Charge might be a good option but it will take one of the slots or Amex Gold Biz.

Ok. Yeah, I was going to suggest the AmEx personal Platinum (100K MR SUB floating around) or the AmEx Hilton Surpass which is featuring a 200K SUB); however your listed order might prove tricky. But, given the timing and your Chase 5/24 slots, you may have to juggle things around or sacrifice a slot.

For CSP (even CIP) + Venture, given the constraints of your newish profile, it's may be a bit out-of-reach in the interim. If you would have been approved for Hyatt at a higher limit, I would be more inclined to suggest CSP (minimum SL $5K), but not sure if Chase has any juice left right now - possibly. Citi Premier might be doable after 1 year of your oldest account -- again, consider your slots. If it were me, I would focus on CIP and/or CSP vs Venture and Citi, tbh. At least, if approved, you've secured your Chase 5/24 slots.

This leaves United (even if it's biz) as your potential last slot. All the others can be achieved once Chase has been achieved.

On the upside, since you are flexible with AFs, it's your current profile, the timing of your expense, and the potential account slots that are key.

Re: Cap1 Venture

Anonymous — Sun, 16 May 2021 12:07:03 GMT

Thanks for your response. Funnily I have the surpass offer in the Amex Offer & Benefits section of my green card.

Re: Cap1 Venture

Anonymous — Mon, 17 May 2021 12:32:09 GMT

DP - I got approved for the Cap1 Venture card with CL 15k.

I had opened a Cap1 Khols in 2018 that got closed in Oct 2020 by Cap1. May be Cap1 did not think my file is thin.

I was pre-approved for the Quick Silver which is their premier product that gave me the courage to take a punt. Keeping in mind if it gets declined I could have gone for the CIP or Amex Hilton Surpass (already pre-approved).

Someone on Reddit posted DP from 2015 to 2019....and I filtered the results and that gave me the confidence to apply.

Re: Cap1 Venture

Remedios — Mon, 17 May 2021 14:35:27 GMT

Congrats on your new card.

Feel free to start an approval thread if you wish to do so.