topic Re: Question for those with a Venture & a Venture One in Credit Card Applications

Question for those with a Venture & a Venture One

Anonymous — Wed, 05 Aug 2015 17:16:56 GMT

Has anyone apped for both the Venture One and Venture at the same time?

What were your starting limits, and were you approved for both? (or approved for one and declined for the other?)

I have a Venture One with a 3k starting limit. I've heard both cards have the same underwriting, so I might have a chance at the regular Venture as well? I'd love to try for that and then combine the limits six months from now.

One other question: My Eq is my lowest score, and on my Venture One approval letter they had it listed even lower (637). I've heard some have had luck apping with Eq frozen... would it be a good idea to do that before I app again, and is the freeze immediate if I do?

Re: Question for those with a Venture & a Venture One

Anonymous — Wed, 05 Aug 2015 17:20:24 GMT

I've only apped for Venture (20k) and Quicksilver SIgnature Visa (approved 5k; recon to 7k) at the same time, and they asked me to call in. I did so and they asked me if I meant to app for two cards at the same time! (ha ha). I told them I did, answered their security questions and approved for both.

Can't speak to Venture One as one venture is enough for me!

Re: Question for those with a Venture & a Venture One

Anonymous — Wed, 05 Aug 2015 17:21:30 GMT

I can't speak to freezes but I have heard of people getting turned down when having a freeze. And it is harder and different underwriting to get Venture versus Venture One.

Re: Question for those with a Venture & a Venture One

Anonymous — Wed, 05 Aug 2015 17:25:27 GMT

I only plan to app for one this go'round, at least. It is tempting to try for a "two for one" in regard to HP, but I don't really want to even risk two triple pulls. And I really don't need another two Cap1 cards. (though technically I only have two at the moment since I combined two of my cards yesterday.)

I'm mostly trying to gauge if I have a shot of being approved - and I'm curious to see what limits people may have been given on a Venture if they were approved for 3k on a Venture One.

I really regretted applying for the Venture One over the regular Venture after I'd heard they possibly have the same approval criteria.

Re: Question for those with a Venture & a Venture One

Anonymous — Wed, 05 Aug 2015 17:46:13 GMT

You need scores over 700 for Venture and I don't think they would give Venture with your scores

Re: Question for those with a Venture & a Venture One

Anonymous — Wed, 05 Aug 2015 17:46:52 GMT

@Anonymous wrote:

I really regretted applying for the Venture One over the regular Venture after I'd heard they possibly have the same approval criteria.

Venture and Venture One o not have the same approval criteria - I'm not sure where you heard this.

Re: Question for those with a Venture & a Venture One

Anonymous — Wed, 05 Aug 2015 17:54:26 GMT

I've read through the Venture Approval stats page, and tons of people were approved with scores under 700.

The link for reference, in case it is helpful:

http://ficoforums.myfico.com/t5/Credit-Card-Approvals/Recent-Cap1-Venture-Approval-Stats/td-p/3784684/highlight/true

Re: Question for those with a Venture & a Venture One

Creditaddict — Wed, 05 Aug 2015 17:53:28 GMT

My Venture One was approved for $5k

My Venture was approved for $10k

I don't think they have same underwriting at all and I have always disagreed with the poster that said this.

Just like QS and QS1

Re: Question for those with a Venture & a Venture One

Anonymous — Wed, 05 Aug 2015 18:01:22 GMT

I can't believe you have 95 cards... hahaha. I'm scared to know how many Ron has.

I'm guessing if I was approved for a Venture at all, it would be for 5k - but I'd have the bonus of it being my first Visa Sig card, which would be nice. Or maybe it'd really surprise me and give me some random higher limit like I've seen other people get with scores similar to mine. I saw that someone once got a $500 card of some type with Cap1, but was approved for a 15k Venture card the same day, I think. Crazy!

Re: Question for those with a Venture & a Venture One

kdm31091 — Wed, 05 Aug 2015 23:59:01 GMT

@Anonymous wrote:
Has anyone apped for both the Venture One and Venture at the same time?

What were your starting limits, and were you approved for both? (or approved for one and declined for the other?)

I have a Venture One with a 3k starting limit. I've heard both cards have the same underwriting, so I might have a chance at the regular Venture as well? I'd love to try for that and then combine the limits six months from now.

One other question: My Eq is my lowest score, and on my Venture One approval letter they had it listed even lower (637). I've heard some have had luck apping with Eq frozen... would it be a good idea to do that before I app again, and is the freeze immediate if I do?

Is there a reason to rush? Venture isn't going anywhere...let the Venture One age, show a history, then you can get a Venture later.

Re: Question for those with a Venture & a Venture One

Creditaddict — Thu, 06 Aug 2015 01:05:18 GMT

@Anonymous wrote:
I can't believe you have 95 cards... hahaha. I'm scared to know how many Ron has.

I'm guessing if I was approved for a Venture at all, it would be for 5k - but I'd have the bonus of it being my first Visa Sig card, which would be nice. Or maybe it'd really surprise me and give me some random higher limit like I've seen other people get with scores similar to mine. I saw that someone once got a $500 card of some type with Cap1, but was approved for a 15k Venture card the same day, I think. Crazy!

with an $8k QS1, I would think Venture would give you over $10k

Re: Question for those with a Venture & a Venture One

Anonymous — Thu, 06 Aug 2015 03:09:16 GMT

why app for venture and venture one? that's a little excessive

Re: Question for those with a Venture & a Venture One

Anonymous — Thu, 06 Aug 2015 03:22:23 GMT

@Anonymous wrote:
You need scores over 700 for Venture and I don't think they would give Venture with your scores

672 EX / 690 TU and 686 EQ. Approved for both within 2 weeks. Venture $15k and Venture One $7.5k. DW also got Venture for $20k and Venture One for $10k, with slightly lower scores at the time.

Re: Question for those with a Venture & a Venture One

Anonymous — Thu, 06 Aug 2015 03:24:50 GMT

yeah i think that was established to be untrue lol. i could probably get a venture if i wanted with 660 eq, 673 ex and 677 tu

Re: Question for those with a Venture & a Venture One

Anonymous — Thu, 06 Aug 2015 03:59:16 GMT

@Anonymous wrote:
Has anyone apped for both the Venture One and Venture at the same time?

What were your starting limits, and were you approved for both? (or approved for one and declined for the other?)

I have a Venture One with a 3k starting limit. I've heard both cards have the same underwriting, so I might have a chance at the regular Venture as well? I'd love to try for that and then combine the limits six months from now.

One other question: My Eq is my lowest score, and on my Venture One approval letter they had it listed even lower (637). I've heard some have had luck apping with Eq frozen... would it be a good idea to do that before I app again, and is the freeze immediate if I do?

Venture one 7.5k

Venture one 5k

Vwnture 10k

Re: Question for those with a Venture & a Venture One

Anonymous — Thu, 06 Aug 2015 11:58:45 GMT

Well, if approved I'd have my first Visa Sig, and could combine my two Ventures in six months. That would give me one visa/miles card and one mc/everyday card with Cap1.

The only reason I'm even considering apping at all at this time is because of the higher limits they seem to be giving out for subpar scores. My thought is that having a higher limit card now can help me land higher limits with other lenders in another year or two. I'll be gardening after this go'round for a long time!

Re: Question for those with a Venture & a Venture One

stagefoursurvivor — Thu, 06 Aug 2015 15:39:00 GMT

Gospel:

You do NOT need >700 scores for ANY Cap1 card however, SL will be influnced by scores.

No one on these forums can definitively attest to underwriting differences on QS, V or V1

Re: Question for those with a Venture & a Venture One

Anonymous — Thu, 06 Aug 2015 17:07:15 GMT

Venture - 15k May 2015

Venture - 15k June 2015

VentureOne - 10k May 2015

I applied for the 1st Venture and Venture one on the same day. All 3 were prequalified. Met my spend on all 3 100k points!

Re: Question for those with a Venture & a Venture One

kdm31091 — Thu, 06 Aug 2015 17:51:52 GMT

3 venture cards within a month? Hope the 9 HPs were worth it. Jeez lol

Re: Question for those with a Venture & a Venture One

Anonymous — Thu, 06 Aug 2015 17:54:51 GMT

Hehe... and I felt bad for having three within six months.

I can't talk though, since that might turn into four soon. Trying to put more thought into it. (since I plan to garden for a good year or two, the HP probably won't matter though.)