topic No Visa Signature Benefits for PC'd Venture One Card in Credit Cards

No Visa Signature Benefits for PC'd Venture One Card

Anonymous — Mon, 20 Apr 2015 21:02:42 GMT

I am traveling around in the next couple of months and thought that the new VentureOne card that I got PC'd would come in handy as I saw that it was Visa Signature card. Unfortunately, I won't be able to use any of the VISA Signature benefits because I PC'd it. This was the response by the rep who had to confirm this with his supervisor. I'm kicking myself as to why I had to PC the card! I guess the only good thing is the No FTF, unless that doesn't apply either. In which case, I'd ask them to convert it back to my QS. Ugh.. Was really looking forward to this! *sigh

Re: No Visa Signature Benefits for PC'd Venture One Card

Anonymous — Mon, 20 Apr 2015 21:03:47 GMT

Why would you PC from QS to Venture one? The QS has a better rewards structure and is easier to redeem...

Re: No Visa Signature Benefits for PC'd Venture One Card

Anonymous — Mon, 20 Apr 2015 21:05:21 GMT

I wanted a card with no FTF as I have an upcoming International trip.

Re: No Visa Signature Benefits for PC'd Venture One Card

Seatown1two — Mon, 20 Apr 2015 21:07:22 GMT

From what i understand, all cap one cards have no FTF

Re: No Visa Signature Benefits for PC'd Venture One Card

Anonymous — Mon, 20 Apr 2015 21:07:55 GMT

@Anonymous wrote:
I wanted a card with no FTF as I have an upcoming International trip.

Both have no FTF.

Re: No Visa Signature Benefits for PC'd Venture One Card

Anonymous — Mon, 20 Apr 2015 21:29:14 GMT

@Seatown1two wrote:
From what i understand, all cap one cards have no FTF

+1 This used to be a key feature of Capitall One at a time when very few cards had no FTF.

Re: No Visa Signature Benefits for PC'd Venture One Card

Man-Of-Steel — Mon, 20 Apr 2015 21:55:42 GMT

@Anonymous wrote:
I am traveling around in the next couple of months and thought that the new VentureOne card that I got PC'd would come in handy as I saw that it was Visa Signature card. Unfortunately, I won't be able to use any of the VISA Signature benefits because I PC'd it. This was the response by the rep who had to confirm this with his supervisor. I'm kicking myself as to why I had to PC the card! I guess the only good thing is the No FTF, unless that doesn't apply either. In which case, I'd ask them to convert it back to my QS. Ugh.. Was really looking forward to this! *sigh

I don't know how up-to-date your siggy is, but it shows a $3K limit for your Venture One card. I don't believe that Capital One will issue a Visa Signature for an account that has a CL lower than $5K. And even when your CL reaches or passes the $5K threshold, there still isn't any guarantee that your card will be converted into a Signature version.

Re: No Visa Signature Benefits for PC'd Venture One Card

Anonymous — Tue, 21 Apr 2015 00:50:23 GMT

Except for the signup bonus (which I'm not sure if you even qualify for or not with a PC), the VentureOne is inferior to the Quicksilver in every single possible way. I would PC back if possible to QS if possible.

PS None of Capital One's cards charge foreign transaction fees.

Re: No Visa Signature Benefits for PC'd Venture One Card

thelethargicage — Tue, 21 Apr 2015 01:03:36 GMT

QS is a better travel card than V1--better rewads and easier redemption. I really don't understand the purpose of V1's existence.

Re: No Visa Signature Benefits for PC'd Venture One Card

kdm31091 — Tue, 21 Apr 2015 02:38:49 GMT

A few things - your CL has to be at least $5k with Capital One to have a Visa Signature. AFAIK, they're pretty rigid about this. The second thing is, just because your CL is increased over 5k does not mean you're automatically converted to a Signature product. This happened to me - I was increased to 6k, but nothing happened otherwise. I had to call the EO and honestly, play phone tag for two weeks to get my Signature. I hesitate to say it was worth the hassle, but if you really want the benefits, that's the path you need to take. You won't be automatically switched to Signature just because of a limit increase.

Also, yes, I'm going to echo the above users - why would you PC to a less useful product? The QS earns 1.5% cash redeemable for anything (even travel). The Venture One earns 1.25% ONLY redeemable against travel (if you do redeem on other things you get nerfed bigtime on the points). With that being the case, why would you want a Venture One instead? There is no advantage, and I feel the "travel" marketing of these cards misleads people into thinking there is something better about them for travel when there is not. It's all marketing.

All Cap One cards have no FTF so that part doesn't matter.

Do your homework before requesting a PC next time. I hate to be harsh, but had you looked into it and read about each card, you would (should) have realized that there's no advantage to the Venture One. This is happening a lot on here lately, seemingly with the Venture One and Venture cards (and Arrival, Arrival+, etc). People seem to think there is some magical travel benefit to them. It is purely marketing. Do your research. If you are wanting Venture/Venture One/Arrival+/Arrival, you are 95% of the time going to be better off with a cash back card like QS or Double Cash. The only exception is if you spend a ton on an Arrival+, to offset the AF and to make up the 0.2% extra you're getting (2.2%).

In short, cash back cards are usually better than these "fixed" so called "travel" cards.

Re: No Visa Signature Benefits for PC'd Venture One Card

Anonymous — Tue, 21 Apr 2015 02:41:55 GMT

@Seatown1two wrote:
From what i understand, all cap one cards have no FTF

Yes Cap One has no FTF period no matter what card. As far as I know they are the only lender that has no FTF on all cards. Anyone care to correct me?

Re: No Visa Signature Benefits for PC'd Venture One Card

Anonymous — Tue, 21 Apr 2015 12:49:19 GMT

Feel like an idiot.. Well, I guess it's time to call them and PC it back to my QS.. I didn't know my QS had no FTF, the rep I talked to coaxed me into the V1 card stating that it's better for travel and yada yada yada... Got carried away and accepted the PC. Ugh...

Re: No Visa Signature Benefits for PC'd Venture One Card

kdm31091 — Tue, 21 Apr 2015 12:51:42 GMT

The reps are going to push whatever they are told to push, though it's ridiculous because they should have told you that the QS is a more flexible product with a higher return, but oh well.

I don't know if it's possible to cancel the PC but I'd look into it. You are getting a lesser card, as we have all mentioned and you're aware, so I would see about changing back. No reason to have a worse card. Good luck. Next time, just make sure you know all of your info about a card before calling. This way, you can't be swayed by the often clueless reps.

Re: No Visa Signature Benefits for PC'd Venture One Card

Existentialist — Tue, 21 Apr 2015 20:47:54 GMT

@Anonymous wrote:
Feel like an idiot.. Well, I guess it's time to call them and PC it back to my QS.. I didn't know my QS had no FTF, the rep I talked to coaxed me into the V1 card stating that it's better for travel and yada yada yada... Got carried away and accepted the PC. Ugh...

Not to pile on but to piggyback off kdm31091 U unfortunately failed to do your homework on this one and apppears may hav burned yourself. No one's suggesting its the end of the world mind U its just commonplace knowledge what the general initial starting limit is for a siggy. Wish you'd hav asked b4 contemplating this move. Unfortunately conventional wisdom says let this be a lesson well learned. U may be able to backtrack but dont get your hopes up.

That said I'm confident you'll be able to rebound either way so keep your head up.

Re: No Visa Signature Benefits for PC'd Venture One Card

Anonymous — Wed, 22 Apr 2015 14:33:52 GMT

@Existentialist wrote:
@Anonymous wrote:
Feel like an idiot.. Well, I guess it's time to call them and PC it back to my QS.. I didn't know my QS had no FTF, the rep I talked to coaxed me into the V1 card stating that it's better for travel and yada yada yada... Got carried away and accepted the PC. Ugh...
Not to pile on but to piggyback off kdm31091 U unfortunately failed to do your homework on this one and apppears may hav burned yourself. No one's suggesting its the end of the world mind U its just commonplace knowledge what the general initial starting limit is for a siggy. Wish you'd hav asked b4 contemplating this move. Unfortunately conventional wisdom says let this be a lesson well learned. U may be able to backtrack but dont get your hopes up.

That said I'm confident you'll be able to rebound either way so keep your head up.

Thank you! I will overcome this, but will be sure to do my research before I accept a PC the next time..