topic Re: VentureOne VS Venture? in Credit Cards

VentureOne VS Venture?

mattayy — Wed, 22 Apr 2015 09:09:44 GMT

Hello,

What is the difference between the VentureOne card and the Venture card? Same with the QS1 and the QS? Is one easier to get than the other? Just curious!

Re: VentureOne VS Venture?

jsucool76 — Wed, 22 Apr 2015 11:34:21 GMT

ventureone is a useless card. quicksilver earns better rewards.

venture earns 2 points per dollar - 59$
ventureone earns 1.25 points per dollar - no af
quicksilver earns 1.5% cash back no af
quicksilver one earns 1.5% cash back with a 39$ annual fee

the ventureone isn't any easier to qualify for per second, just a gimmick card for "travel" when in reality the quicksilver gets you better rewards which can also be used for travel.

quicksilver one is easier to qualify for.

no one should have a ventureone

Re: VentureOne VS Venture?

deltatee — Wed, 22 Apr 2015 12:00:27 GMT

I think the underwriting for venture and V1 are the same, while it is my understanding that the underwriting for QS is more difficult than for the QS1. Other than the annual fee, the real difference appears to be the sign up bonus. When I got my V1, it had a better bonus than QS and also had a 1 year 0% APR. The spend requirement for V1 was easier for me to achieve than for the Venture. Also, based on my spending the V1 earns more for me than the Venture because of the annual fee. However, after my introductory APR expires, I plan to PC to QS because excluding these introductory offers, QS is a slightly better card.

Re: VentureOne VS Venture?

kdm31091 — Wed, 22 Apr 2015 12:16:18 GMT

As we have discussed in other recent thread where is basically no reason for anyone to have a Venture One. 1.25% only redeemable towards travel vs Quicksilver's 1.5% redeemable towards anything.

The Venture itself is good - 2% redeemable on travel - if you're going to spend enough to justify the $59 AF after year one. It takes a decent amount of spend for it to outperform a Quicksilver..

Re: VentureOne VS Venture?

Anonymous — Wed, 22 Apr 2015 12:19:48 GMT

kinda off topic to Arrival question.....If you convert Arrival+ to Arrival, do you keep the miles and redeem it with 10% back towards travel cost????? You know, like Venture to VentureOne PC, without the 10%.

Re: VentureOne VS Venture?

jsucool76 — Wed, 22 Apr 2015 12:20:08 GMT

@Anonymous wrote:
kinda off topic to Arrival question.....If you convert Arrival+ to Arrival, do you keep the miles and redeem it with 10% back towards travel cost????? You know, like Venture to VentureOne PC, without the 10%.

You should, yes. Definitely something to ask a CSR.

Re: VentureOne VS Venture?

Anonymous — Wed, 22 Apr 2015 12:21:23 GMT

Thank you for the quick reply

Re: VentureOne VS Venture?

mattayy — Sat, 25 Apr 2015 02:36:50 GMT

It seems weird the UW for both of them would be the same...

Re: VentureOne VS Venture?

Anonymous — Sat, 25 Apr 2015 02:51:12 GMT

@mattayy wrote:
It seems weird the UW for both of them would be the same...

I actually doubt it is.

The regular Venture has a $5000 minimum, whereas I believe the VentureOne has a $3000 minimum. That suggests to me that there might be a subset of people to whom Capital One might feel comfortable extending $3000 in credit, but not quite $5000.

And I can see a very, very, very small advantage to a VentureOne when compared to a Quicksilver in a very, very, very small number of cases. The lowest APR extended on the VentureOne is 11.9%, whereas the lowest APR on the QS is 12.9%. I suppose if one were carrying such an enormous balance that a 1% savings in interest made a big enough difference to overcome the difference in rewards and one would qualify for the lowest APR for either card, it might be worth looking into the VentureOne instead. But this case seems so contrived that it seems silly to mention.

Re: VentureOne VS Venture?

Seatown1two — Sat, 25 Apr 2015 02:55:11 GMT

I have the ventureone. Went for it vs the venture because my spending doesn't justify the AF and I wanted the introductory APR which wasn't available on the venture. I suppose it would have been a smarter move to get the venture and PC before the AF hits just to reap the benefit of the larger bonus.

Re: VentureOne VS Venture?

Anonymous — Sat, 25 Apr 2015 02:56:53 GMT

I got mine for travel. I have others that offer better rewards. I plan on putting all of my hubby's a/c change-outs on it. That will get us somewhere! Not sure where I want to go!

Re: VentureOne VS Venture?

Anonymous — Sat, 25 Apr 2015 03:31:30 GMT

@Anonymous wrote:
I got mine for travel. I have others that offer better rewards. I plan on putting all of my hubby's a/c change-outs on it. That will get us somewhere! Not sure where I want to go!

It will get you 1.25 cents per $, if redeemed for travel. As others have said, the QS would get you 1.5c, for whatever. After the bonus (and get the Venture for that), no point in this card!

Re: VentureOne VS Venture?

Anonymous — Sat, 25 Apr 2015 05:12:11 GMT

No one should get a venture one because it offers only 1.25 rewards. Get the quicksilver because it offers 1.5 rewards. The venture has an annual fee and offer 2x rewards.

Re: VentureOne VS Venture?

Repairman — Sat, 25 Apr 2015 23:34:30 GMT

Isn't a good reason to have a Venture One card is to use it as a rebuilder? I already have a Quicksilver card and am Prequalified for a Venture One. I really want to obtain more credit as my Fico scores are stagnant with the notation that I have too few accounts. So, wouldn't applying for the Venture One be a good thing for me?

Re: VentureOne VS Venture?

kdm31091 — Sun, 26 Apr 2015 00:05:31 GMT

@Repairman wrote:
Isn't a good reason to have a Venture One card is to use it as a rebuilder? I already have a Quicksilver card and am Prequalified for a Venture One. I really want to obtain more credit as my Fico scores are stagnant with the notation that I have too few accounts. So, wouldn't applying for the Venture One be a good thing for me?

No (IMO).

If you want to rebuild, at least choose a card with different benefits than what you have. The Venture One is basically a lesser version of your QS and offers you no advantage or benefit.

Consider maybe a 5% rotating card or something so at least you have variety instead of a useless account.

Re: VentureOne VS Venture?

jsucool76 — Sun, 26 Apr 2015 00:11:52 GMT

Friends Don't Let Friends Get A VentureOne

Re: VentureOne VS Venture?

Repairman — Sun, 26 Apr 2015 01:17:14 GMT

That's easier said than done. When rebuilding, you don't exactly have the pick of the litter. I'm interested in that card solely because I got a prequalify offer for it.

Re: VentureOne VS Venture?

kdm31091 — Sun, 26 Apr 2015 01:20:53 GMT

@Repairman wrote:
That's easier said than done. When rebuilding, you don't exactly have the pick of the litter. I'm interested in that card solely because I got a prequalify offer for it.

Two things

1) prequalification doesn't mean much. It's pure marketing. It means you may be approved for said card. However, you should still go for the card you actually want.

2) While I agree that rebuilders may not have as many options, there is still no reason to choose a card that is a lesser version of what you already have!

Re: VentureOne VS Venture?

Repairman — Sun, 26 Apr 2015 01:24:47 GMT

Well, my reason is I need more accounts and a higher amount of available credit, to raise my scores. I don't even need the card for monetary needs. Given how good Cap 1 has been to me in my rebuilding process, I think they're prequalify is very likely to pan out.

Re: VentureOne VS Venture?

jsucool76 — Sun, 26 Apr 2015 01:35:04 GMT

@Repairman wrote:
Well, my reason is I need more accounts and a higher amount of available credit, to raise my scores. I don't even need the card for monetary needs. Given how good Cap 1 has been to me in my rebuilding process, I think they're prequalify is very likely to pan out.

Your amount of actual credit doesn't really matter in your credit score. It's the utilization of that credit that matters. You can achieve the same goal by paying your bill before the statement is generated. No inquiry, and no useless account.

I don't understand why people feel the need to pad their utilization with cards that they never intend on using. If you can't get what you want, you wait until you can, you don't settle for something else.