topic Re: Venture X approval odds? in Credit Card Applications

Venture X approval odds?

bcooper — Thu, 03 Nov 2022 17:15:40 GMT

Hey all,

Considering applying for the CapitalOne Venture X.

Income $120k

Experian: 757 Equi: 741 TU: 741

Average age of accounts:4.5 years

Oldest account: 15.6 years

4 inquires (Equifax counts 6 - 3 were for credit cards)

Usage avg 4%

Total credit: 70k (includes accounts I am an auth user on)

Current cards: Chase Freedom Unlimited ($7k), local credit union card (2k)

I appreciate any feedback - just trying to avoid the hard pull if I don't have much of a shot in the first place.

Thanks,

bcooper

Re: Venture X approval odds?

sccredit — Thu, 03 Nov 2022 17:33:04 GMT

IMO you should be good, the outlier being your credit limits.

Re: Venture X approval odds?

GZG — Thu, 03 Nov 2022 17:37:24 GMT

@bcooper wrote:
Hey all,

Considering applying for the CapitalOne Venture X.

Income $120k
Experian: 757 Equi: 741 TU: 741
Average age of accounts:4.5 years
Oldest account: 15.6 years
4 inquires (Equifax counts 6 - 3 were for credit cards)
Usage avg 4%
Total credit: 70k (includes accounts I am an auth user on)
Current cards: Chase Freedom Unlimited ($7k), local credit union card (2k)

I appreciate any feedback - just trying to avoid the hard pull if I don't have much of a shot in the first place.

Thanks,
bcooper

What does your Cap1 prequal page say?

Does it offer you the Venture?

Re: Venture X approval odds?

Mdowning30 — Thu, 03 Nov 2022 19:25:29 GMT

Check the pre approvals, if you see the Venture, you should be good for the Venture X. Expect a $10,000-$15,000 SL.

Re: Venture X approval odds?

C6 — Thu, 03 Nov 2022 20:03:58 GMT

I would try the Cap 1 prequalifier. If you have the the Venture card listed I'd apply. You have the scores but where you're lacking is experience with limits. The minimum limit for the Venture X is $10,000. Be prepared for three hard pulls.

Re: Venture X approval odds?

FLLGuy — Fri, 04 Nov 2022 12:47:39 GMT

agree with others.

pretty good sign for Venture X approval (if) you prequalify for all the other Venture cards for good credit. For an extra warm fuzzy check "Credit Karma" see if the Venture card appears there too, not that you should be guided by CK but rather use it as a pulse factor.

Re: Venture X approval odds?

bcooper — Fri, 04 Nov 2022 17:48:12 GMT

@FLLGuy @GZG @Mdowning30 @C6

Thanks all. Cap1 shows I am pre-approved for the VentureOne Rewards, Venture Rewards and 4 others. I will probably apply given your feedback. Thanks again

Re: Venture X approval odds?

FLLGuy — Fri, 04 Nov 2022 18:18:42 GMT

report back - we're all on standby. I say he gets $30K SL

Re: Venture X approval odds?

GZG — Fri, 04 Nov 2022 18:28:14 GMT

@FLLGuy wrote:
report back - we're all on standby. I say he gets $30K SL

I'll take the middle ground 15-20k

no other big limits, high income w/that score?

Cap1 will likey

Re: Venture X approval odds?

Jordan23ww — Fri, 04 Nov 2022 18:47:18 GMT

@Mdowning30 wrote:
Check the pre approvals, if you see the Venture, you should be good for the Venture X. Expect a $10,000-$15,000 SL.

@Mdowning30 @C6 @FLLGuy thank you all for stating this! This is good to know! I didn't know about this. Last week my wife used the pre approval tool and we saw the Venture and Venture One but didn't see the Venture X that she was looking for.

Re: Venture X approval odds?

GZG — Fri, 04 Nov 2022 18:49:52 GMT

@Jordan23ww wrote:
@Mdowning30 wrote:
Check the pre approvals, if you see the Venture, you should be good for the Venture X. Expect a $10,000-$15,000 SL.
@Mdowning30 @C6 @FLLGuy thank you all for stating this! This is good to know! I didn't know about this. Last week my wife used the pre approval tool and we saw the Venture and Venture One but didn't see the Venture X that she was looking for.

VentureX won't be on the pre-approval tool, which is why seeing the Venture is a good sign alongside your profile at least somewhat supporting it

Re: Venture X approval odds?

bcooper — Mon, 07 Nov 2022 17:59:22 GMT

@FLLGuy @GZG

On the money - instant approval $30k SL. Can't believe it, thanks everyone for the support!

Re: Venture X approval odds?

GZG — Mon, 07 Nov 2022 18:05:59 GMT

@bcooper wrote:
@FLLGuy @GZG
On the money - instant approval $30k SL. Can't believe it, thanks everyone for the support!

they really want you to make Cap1 your daily card, Congrats!

Re: Venture X approval odds?

FLLGuy — Mon, 07 Nov 2022 18:07:36 GMT

Huge Congrats!!!!!! $30K SL is more than generous plus all the perks that comes with this card. In the end, cap1 pays you $5 to have this card, according to the ninja math someone did on a previous post elsewhere. Plus the sub is decent too, nice job earning this Visa Infinite Card / Venture X / Cap1

Re: Venture X approval odds?

gdale6 — Mon, 07 Nov 2022 19:31:31 GMT

As OP is now approved this thread is closed to further comment. OP is free to start an approval thread if so desired.