topic Re: Cap One Venture help (long, stick with me please!) in Credit Cards

Cap One Venture help (long, stick with me please!)

Anonymous — Mon, 06 Jul 2015 00:03:55 GMT

I've read a few things here and there but would like more (and recent) input.

I have gotten a lot of new accounts since Nov 2014 but there is one more I would like to have before I garden indefinitely in preparation for apping the Sallie Mae. We are taking a few trips starting at the end of this July and I would love a travel card. I'm interested in the Venture - partially b/c of the big limits, but I've read great things about the reward structure and redemption processes as well. Also, Cap One gave me love w/ Kohl's, so I'm hoping that's a good sign.

I just have a few questions and would love some help.

1) I have EQ on ice. Will this be an auto-denial? I have a cap one QS & Kohl's card if that makes any difference. I've read some had success w/ frozen EQ - are there any who have been told to unfreeze EQ?

2) My EX is 726 and TU 695. 9 INQ on EX & 7 on TU. Utilization under 4% and that's only if my Amex & Macy's couch purchase show up before the app. Right now EX has my util @ 0% w/ various small balances across the board. I have one CO loan w/ a balance of $93 that is 6 years old reporting reporting on TU.

Lots of new accounts and two aren't reporting - my Amex (1500) and BofA (800) from May of this year. Should I wait until they report seeing as how my NON store card limits are: $2500 CU, $800 cap one (still reporting as $300), $300 discover, $250 barclay, & and AU USAA account @ 12k ? I'm worried the small limits will prohibit a bigger SL for the Venture, if I'm even approved.

My bigger store limits are $5k amazon, $17k lowe's, $1k Macy's & Kohl's, $2.5k macy's special event, and a plethora of Comenity ranging from 250-650. I also have a LOC @ $1k.

I've had no problem meeting spend bonuses and Cap One recently verified that my income is exactly what I reported on QS & Kohl's. ($35k as I am a full time student)

What are my chances? I'd like to do it sooner rather than later because we leave for Vegas on the 30th & I'd like to have the card by then. Should I wait for higher limits to report or will the additional new accounts cause more problems than good? If it makes any difference, though, I will wait. Also, Venture or Venture one?

Also - no results on Pre Qual but I think I read that this is bc EQ is frozen.

Sorry for the novel but I am very grateful for any and all feedback. Thanks so much, y'all and have a good night.

Re: Cap One Venture help (long, stick with me please!)

taxi818 — Mon, 06 Jul 2015 00:08:42 GMT

@Anonymous wrote:
I've read a few things here and there but would like more (and recent) input.

I have gotten a lot of new accounts since Nov 2014 but there is one more I would like to have before I garden indefinitely in preparation for apping the Sallie Mae. We are taking a few trips starting at the end of this July and I would love a travel card. I'm interested in the Venture - partially b/c of the big limits, but I've read great things about the reward structure and redemption processes as well. Also, Cap One gave me love w/ Kohl's, so I'm hoping that's a good sign.

I just have a few questions and would love some help.

1) I have EQ on ice. Will this be an auto-denial? I have a cap one QS & Kohl's card if that makes any difference. I've read some had success w/ frozen EQ - are there any who have been told to unfreeze EQ?

@2) My EX is 726 and TU 695. 9 INQ on EX & 7 on TU. Utilization under 4% and that's only if my Amex & Macy's couch purchase show up before the app. Right now EX has my util @ 0% w/ various small balances across the board. I have one CO loan w/ a balance of $93 that is 6 years old reporting reporting on TU.

@Lots of new accounts and two aren't reporting - my Amex (1500) and BofA (800) from May of this year. Should I wait until they report seeing as how my NON store card limits are: $2500 CU, $800 cap one (still reporting as $300), $300 discover, $250 barclay, & and AU USAA account @ 12k ? I'm worried the small limits will prohibit a bigger SL for the Venture, if I'm even approved.

@Anonymous bigger store limits are $5k amazon, $17k lowe's, $1k Macy's & Kohl's, $2.5k macy's special event, and a plethora of Comenity ranging from 250-650. I also have a LOC @ $1k.

I've had no problem meeting spend bonuses and Cap One recently verified that my income is exactly what I reported on QS & Kohl's. ($35k as I am a full time student)

What are my chances? I'd like to do it sooner rather than later because we leave for Vegas on the 30th & I'd like to have the card by then. Should I wait for higher limits to report or will the additional new accounts cause more problems than good? If it makes any difference, though, I will wait. Also, Venture or Venture one?

Also - no results on Pre Qual but I think I read that this is bc EQ is frozen.

Sorry for the novel but I am very grateful for any and all feedback. Thanks so much, y'all and have a good night.

Well first i would say your chances are outstanding. at the time my scores were no where near what you have.

When i got venture. my scores were all mid 660s to 670s

Now as highlighted above. it depends.

I apped venture first with my EQ on ice as well. Instant decline. read others did it and all was fine. but their scores were over 780.

30 days later i unfroze it and apped again. and was instant approved.

Also. i had 16 on Tu 17 on Ex and 14 on Eq as far as inquiries. you will be fine.

another point to help your limit. say you will do a BT even if you don't. others have gotten higher starting limits with this little tidbit. Also did not have a pre qual. they kept offering me the QS1. no thanks. i already have the regular QS.

Good luck.

Re: Cap One Venture help (long, stick with me please!)

Anonymous — Mon, 06 Jul 2015 00:09:20 GMT

Also if it helps:

one current secured loan open w/ balance of 63

one PIF signature loan ($1k)

and 2 student loans in good standing (deferment) since 11/2014

Re: Cap One Venture help (long, stick with me please!)

taxi818 — Mon, 06 Jul 2015 00:10:50 GMT

@Anonymous wrote:
Also if it helps:

one current secured loan open w/ balance of 63

one PIF signature loan ($1k)

and 2 student loans in good standing (deferment) since 11/2014

You are over thinking it. Cap one is very generous right now. I am pretty sure you will be fine. My utilization when i apped was about 18%. at least 18 new accounts in last 2 years. none of that was a problem. as i said. Instant approved when i unfroze EQ

Re: Cap One Venture help (long, stick with me please!)

Anonymous — Mon, 06 Jul 2015 00:11:26 GMT

@taxi818 wrote:
@Anonymous wrote:
I've read a few things here and there but would like more (and recent) input.
(snip)

1) I have EQ on ice. Will this be an auto-denial? I have a cap one QS & Kohl's card if that makes any difference. I've read some had success w/ frozen EQ - are there any who have been told to unfreeze EQ?
(snip)

What are my chances? I'd like to do it sooner rather than later because we leave for Vegas on the 30th & I'd like to have the card by then. Should I wait for higher limits to report or will the additional new accounts cause more problems than good? If it makes any difference, though, I will wait. Also, Venture or Venture one?

Also - no results on Pre Qual but I think I read that this is bc EQ is frozen.

Sorry for the novel but I am very grateful for any and all feedback. Thanks so much, y'all and have a good night.
Well first i would say your chances are outstanding. at the time my scores were no where near what you have.
When i got venture. my scores were all mid 660s to 670s
Now as highlighted above. it depends.
I apped venture first with my EQ on ice as well. Instant decline. read others did it and all was fine. but their scores were over 780.
30 days later i unfroze it and apped again. and was instant approved.
Also. i had 16 on Tu 17 on Ex and 14 on Eq as far as inquiries. you will be fine.
another point to help your limit. say you will do a BT even if you don't. others have gotten higher starting limits with this little tidbit. Also did not have a pre qual. they kept offering me the QS1. no thanks. i already have the regular QS.
Good luck.

Hey taxi, thanks so much for your input!! Can I ask - when you applied the first time did you receive HP on TU & EX while EQ was on Ice?

Re: Cap One Venture help (long, stick with me please!)

taxi818 — Mon, 06 Jul 2015 00:15:49 GMT

Yes. i got the hp on those two. i suspected the denial was because Eq was on ice.

I then got the letter from them a week later.

They stated. unable to access my credit report.

They specifically mentioned EQ.

So thats when i decided to try again. after 30 days to make sure they would not say too many apps in last 30 days.

Then Boom Approved.

Edit

so the card cost me 2 hps on Tu. 2 on EX and 1 on EQ. but im not complaining. it was my fault thinking i could get it like that with my fico scores being so low. but my report was not that bad. i had 1 negative at the time. a old paid collection. which has since been removed.

Re: Cap One Venture help (long, stick with me please!)

Anonymous — Mon, 06 Jul 2015 00:15:10 GMT

@taxi818 wrote:
Yes. i got the hp on those two. i suspected the denial was because Eq was on ice.
I then got the letter from them a week later.
They stated. unable to access my credit report.
They specifically mentioned EQ.
So thats when i decided to try again. after 30 days to make sure they would not say too many apps in last 30 days.
Then Boom Approved.

@Anonymous, thanks so much. Maybe I will unfreeze just in case - I'd hate to waste 2 HP. Unfortunately, though, my EQ is my worst @ 672 w/ the one small CO loan from 6 years ago reporting as well. I really appreciate you taking the time to respond!

Re: Cap One Venture help (long, stick with me please!)

taxi818 — Mon, 06 Jul 2015 00:17:10 GMT

@Anonymous wrote:
@taxi818 wrote:
Yes. i got the hp on those two. i suspected the denial was because Eq was on ice.
I then got the letter from them a week later.
They stated. unable to access my credit report.
They specifically mentioned EQ.
So thats when i decided to try again. after 30 days to make sure they would not say too many apps in last 30 days.
Then Boom Approved.
@Anonymous, thanks so much. Maybe I will unfreeze just in case - I'd hate to waste 2 HP. Unfortunately, though, my EQ is my worst @ 672 w/ the one small CO loan from 6 years ago reporting as well. I really appreciate you taking the time to respond!

Dont worry of it. My eq was 663. when i re apped. it was fine. they are basically looking at the entire credit picture. not an indiviual score. maybe something on eq that is not on Tu or Ex. this is what they are looking for.

AS long as your scores are all over 660. you will be fine. and will get a great limit.

Re: Cap One Venture help (long, stick with me please!)

Anonymous — Mon, 06 Jul 2015 00:19:02 GMT

@taxi818 wrote:
@Anonymous wrote:
@taxi818 wrote:
Yes. i got the hp on those two. i suspected the denial was because Eq was on ice.
I then got the letter from them a week later.
They stated. unable to access my credit report.
They specifically mentioned EQ.
So thats when i decided to try again. after 30 days to make sure they would not say too many apps in last 30 days.
Then Boom Approved.
@Anonymous, thanks so much. Maybe I will unfreeze just in case - I'd hate to waste 2 HP. Unfortunately, though, my EQ is my worst @ 672 w/ the one small CO loan from 6 years ago reporting as well. I really appreciate you taking the time to respond!
Dont worry of it. My eq was 663. when i re apped. it was fine. they are basically looking at the entire credit picture. not an indiviual score. maybe something on eq that is not on Tu or Ex. this is what they are looking for.
AS long as your scores are all over 660. you will be fine. and will get a great limit.

Thank you! BUT!! I just saw that Venture does not offer 0% interest What is this mess! I'm really interested in that - should I app for V1 to get this? How bad is the V1 according to reg V?

Also, may I ask what your SL was w/ Venture?

Re: Cap One Venture help (long, stick with me please!)

taxi818 — Mon, 06 Jul 2015 00:22:46 GMT

@Anonymous wrote:
@taxi818 wrote:
@Anonymous wrote:
@taxi818 wrote:
Yes. i got the hp on those two. i suspected the denial was because Eq was on ice.
I then got the letter from them a week later.
They stated. unable to access my credit report.
They specifically mentioned EQ.
So thats when i decided to try again. after 30 days to make sure they would not say too many apps in last 30 days.
Then Boom Approved.
@Anonymous, thanks so much. Maybe I will unfreeze just in case - I'd hate to waste 2 HP. Unfortunately, though, my EQ is my worst @ 672 w/ the one small CO loan from 6 years ago reporting as well. I really appreciate you taking the time to respond!
Dont worry of it. My eq was 663. when i re apped. it was fine. they are basically looking at the entire credit picture. not an indiviual score. maybe something on eq that is not on Tu or Ex. this is what they are looking for.
AS long as your scores are all over 660. you will be fine. and will get a great limit.
Thank you! BUT!! I just saw that Venture does not offer 0% interest What is this mess! I'm really interested in that - should I app for V1 to get this? How bad is the V1 according to reg V?

Also, may I ask what your SL was w/ Venture?

My starting limit was horrible. i made a mistake on the income question. I only got 5k. yikes. hehehe. but you are correct. It does not offer interest free period.

But my brother. got both. and many friends end up getting both cards. The Venture and the Venture one. but to be honest.

The starting limits on the Venture one is no where near what the regular venture does. you can actually get 3k on the venture 1. you might get better. but you can get low limit. even though its a signature card as well.

i really made mistakes. i said i did not want BT. and i did not include all my income. just partial. so i got low limit. but i also have 5k on quicksilver as well. as well as another 2k on a cap one platinum. so im fine with it. total 12k in limits with cap one. so no problem.

Re: Cap One Venture help (long, stick with me please!)

Anonymous — Mon, 06 Jul 2015 00:25:39 GMT

@taxi818 wrote:
@Anonymous wrote:
@taxi818 wrote:
@Anonymous wrote:
@taxi818 wrote:
Yes. i got the hp on those two. i suspected the denial was because Eq was on ice.
I then got the letter from them a week later.
They stated. unable to access my credit report.
They specifically mentioned EQ.
So thats when i decided to try again. after 30 days to make sure they would not say too many apps in last 30 days.
Then Boom Approved.
@Anonymous, thanks so much. Maybe I will unfreeze just in case - I'd hate to waste 2 HP. Unfortunately, though, my EQ is my worst @ 672 w/ the one small CO loan from 6 years ago reporting as well. I really appreciate you taking the time to respond!
Dont worry of it. My eq was 663. when i re apped. it was fine. they are basically looking at the entire credit picture. not an indiviual score. maybe something on eq that is not on Tu or Ex. this is what they are looking for.
AS long as your scores are all over 660. you will be fine. and will get a great limit.
Thank you! BUT!! I just saw that Venture does not offer 0% interest What is this mess! I'm really interested in that - should I app for V1 to get this? How bad is the V1 according to reg V?

Also, may I ask what your SL was w/ Venture?
My starting limit was horrible. i made a mistake on the income question. I only got 5k. yikes. hehehe. but you are correct. It does not offer interest free period.
But my brother. got both. and many friends end up getting both cards. The Venture and the Venture one. but to be honest.
The starting limits on the Venture one is no where near what the regular venture does. you can actually get 3k on the venture 1. you might get better. but you can get low limit. even though its a signature card as well.
i really made mistakes. i said i did not want BT. and i did not include all my income. just partial. so i got low limit. but i also have 5k on quicksilver as well. as well as another 2k on a cap one platinum. so im fine with it. total 12k in limits with cap one. so no problem.

Okay, good to know, good to know. Thanks again. The interest free promo isn't THAT important to me - I could def use the "breathing room" w/ these trips coming up but I could make it work w/o too much damage. I'd rather have the Venture and then downgrade than start w/ V1.

Re: Cap One Venture help (long, stick with me please!)

CreditCuriosity — Mon, 06 Jul 2015 00:35:21 GMT

Scores are fine, although I would unfreeze EQ if you are going to apply.. EQ is what they basically use as their main decision maker on approval/denial and the other two just making sure your other two don't have anything soar stick out they don't know about, but sometime it is just one other, but more so they want all 3.. I wouldn't apply with it on ICE and risk two HP's and a denial due to EQ being on ice.. Just my opinions on it.. I am all about stacking the odds in my favor, but you really can't do that w/regards to EQ and Cap1.. They will still pull the other 2 and wont ask you to unfreeze EQ they will just deny you.

BTW EQ was at 670 at time of approvals and other scores were 690-700 range on Exp and TU w/income north of 100k. Got 20k on Venture and 10k on QS with baddies on EQ/EX more than on TU. I have a pretty thick file though. Just more data points. Oh and didn't say I wanted a BT whether that matter or not, who knows.. Was kind of hoping for a 30k Venture approval, but that didn't quite happen probably due to my baddies remaining on report.

Re: Cap One Venture help (long, stick with me please!)

taxi818 — Mon, 06 Jul 2015 00:28:26 GMT

agreed. i don't mind paying a little interest if im traveling. but Discover then offered me a 0 percent BT for a year. jumped on it. so no more interest on my other cards. i shipped all over to Discover. and now. i just got a pre approval for that Citi simplicity. im not gonna take it until the end of the year. But it is 21 months 0 percent interest . on purchases and on balance transfers. So whatever i put on my venture. and carry as balance. later in the year i will ship that balance over to citi. playing the game. not paying interest. using them for me. like they use others. the banks that is. hehehe

Re: Cap One Venture help (long, stick with me please!)

Anonymous — Mon, 06 Jul 2015 00:34:34 GMT

@CreditCuriousity wrote:
Scores are fine, although I would unfreeze EQ if you are going to apply.. EQ is what they basically use as their main decision maker on approval/denial and the other two just making sure your other two don't have anything soar stick out they don't know about, but sometime it is just one other, but more so they want all 3.. I wouldn't apply with it on ICE and risk two HP's and a denial due to EQ being on ice.. Just my opinions on it.. I am all about stacking the odds in my favor, but you really can't do that w/regards to EQ and Cap1.. They will still pull the other 2 and wont ask you to unfreeze EQ they will just deny you.

BTW EQ was at 670 at time of aproval and other scores were 690-700 range on Exp and TU w/income north of 100k. Got 20k on Venture and 10k on QS with baddies on EQ/EX more than on TU. I have a pretty thick file though. Just more data points. Oh and didn't say I wanted a BT whether that matter or not, who knows.. Was kind of hoping for a 30k Venture approval, but that didn't quite happen probably due to my baddies remaing on report.

Solid advice & I appreciate it. I will unfreeze before APPing. Thank you so much for the data! This looks promising but your income dwarfs mine and I'm sure that will play a role. What is your plan w/ Venture? Downgrade before AF or is it worth it to you to keep the card around?

Has anyone ever had a problem downgrading?

Re: Cap One Venture help (long, stick with me please!)

taxi818 — Mon, 06 Jul 2015 00:39:20 GMT

Well. CC you did get 30k from cap one. just not on 1 card.

If you had said you got 30k from cap 1 on 2 cards. just a year ago. 99% of my fico members would be calling you a lier. hehehe. they really have changed their game and stepped it up. I for one and happy with cap one. no doubt. but i know what happened with you and amex. you got the monster limit. I have since Sded them because of lack of love. thats why im looking at citi now but only when they bring those interest rates down. then i will jump on them.

Re: Cap One Venture help (long, stick with me please!)

CreditCuriosity — Mon, 06 Jul 2015 00:45:47 GMT

@Anonymous wrote:
@CreditCuriousity wrote:
Scores are fine, although I would unfreeze EQ if you are going to apply.. EQ is what they basically use as their main decision maker on approval/denial and the other two just making sure your other two don't have anything soar stick out they don't know about, but sometime it is just one other, but more so they want all 3.. I wouldn't apply with it on ICE and risk two HP's and a denial due to EQ being on ice.. Just my opinions on it.. I am all about stacking the odds in my favor, but you really can't do that w/regards to EQ and Cap1.. They will still pull the other 2 and wont ask you to unfreeze EQ they will just deny you.

BTW EQ was at 670 at time of aproval and other scores were 690-700 range on Exp and TU w/income north of 100k. Got 20k on Venture and 10k on QS with baddies on EQ/EX more than on TU. I have a pretty thick file though. Just more data points. Oh and didn't say I wanted a BT whether that matter or not, who knows.. Was kind of hoping for a 30k Venture approval, but that didn't quite happen probably due to my baddies remaing on report.
Solid advice & I appreciate it. I will unfreeze before APPing. Thank you so much for the data! This looks promising but your income dwarfs mine and I'm sure that will play a role. What is your plan w/ Venture? Downgrade before AF or is it worth it to you to keep the card around?

Has anyone ever had a problem downgrading?

My plan is if they allow CL combining as rumored in October then move that limit into my QS Visa Signature for a limit of 30k.. It they don't allow that I will PC it before the AF hits to the QS card and have 2 QS cards. Of course I am going to get the venture bonus of 40k miles and the QS bonus as well as that is free money as long as you can meet spend.. Having my best friend whose rent is 4500 a month and they take cc w/out any fees cut me a check and authorize one rent payment on my Venture card to meet that bonus , while I am working on my other bonuses of QS/HHonors and Total rewards right now.

Hasn't been long enough since the venture craze of downgrading yet as I believe you gotta at least wait 6 months to PC this card.. So it will either be a combine limit if they allow to my QS and cancel the venture of Pc the venture to a QS and have two QS siggy's

I also have two other QS's (rebuilder cards) at 4.5k each that I will be cancelling when the Venture/QS (new ones) report... No need for 4 Cap1 cards

Re: Cap One Venture help (long, stick with me please!)

CreditCuriosity — Mon, 06 Jul 2015 00:43:57 GMT

@taxi818 wrote:
Well. CC you did get 30k from cap one. just not on 1 card.
If you had said you got 30k from cap 1 on 2 cards. just a year ago. 99% of my fico members would be calling you a lier. hehehe. they really have changed their game and stepped it up. I for one and happy with cap one. no doubt. but i know what happened with you and amex. you got the monster limit. I have since Sded them because of lack of love. thats why im looking at citi now but only when they bring those interest rates down. then i will jump on them.

Oh I am not complaining at all lol... Chase Marriot or Ritz will be on my radar later this year and hopefully will hit the 30k CL that I seek on one card lol, or at least close hopefully! Would love to get the premier/prestige from Citi, but not going to happen till they pre-approve me as you know I still baddies for sometime to come, so citi is out of the question unless they presure me which they might since I did pay off that one 6k CO and it just reported today as paid and scores are all around 700 now.. Hoping to see some pre-quals come from new lenders, we shall see..

Re: Cap One Venture help (long, stick with me please!)

taxi818 — Mon, 06 Jul 2015 00:46:32 GMT

@CreditCuriousity wrote:
@Anonymous wrote:
@CreditCuriousity wrote:
Scores are fine, although I would unfreeze EQ if you are going to apply.. EQ is what they basically use as their main decision maker on approval/denial and the other two just making sure your other two don't have anything soar stick out they don't know about, but sometime it is just one other, but more so they want all 3.. I wouldn't apply with it on ICE and risk two HP's and a denial due to EQ being on ice.. Just my opinions on it.. I am all about stacking the odds in my favor, but you really can't do that w/regards to EQ and Cap1.. They will still pull the other 2 and wont ask you to unfreeze EQ they will just deny you.

BTW EQ was at 670 at time of aproval and other scores were 690-700 range on Exp and TU w/income north of 100k. Got 20k on Venture and 10k on QS with baddies on EQ/EX more than on TU. I have a pretty thick file though. Just more data points. Oh and didn't say I wanted a BT whether that matter or not, who knows.. Was kind of hoping for a 30k Venture approval, but that didn't quite happen probably due to my baddies remaing on report.
Solid advice & I appreciate it. I will unfreeze before APPing. Thank you so much for the data! This looks promising but your income dwarfs mine and I'm sure that will play a role. What is your plan w/ Venture? Downgrade before AF or is it worth it to you to keep the card around?

Has anyone ever had a problem downgrading?
My plan is if they allow CL combining as rumored in October then move that limit into my QS Visa Signature for a limit of 30k.. It they don't allow that I will PC it before the AF hits to the QS card and have 2 QS cards. Of course I am going to get the venture bonus of 40k miles and the QS bonus as well as that is free money as long as you can meet spend.. Having my best friend whose rent is 4500 a month cut my a check and authorize one rent payment on my Venture card to meet that bonus , while I am working on my other bonuses of QS/HHonors and Total rewards right now.

Hasn't been long enough since the venture craze of downgrading yet as I believe you gotta at least wait 6 months to PC this card.. So it will either be a combine limit if they allow to my QS and cancel the venture of Pc the venture to a QS and have two QS siggy's

I also have two other QS's (rebuilder cards) at 4.5k each that I will be cancelling when the Venture/QS (new ones) report... No need for 4 Cap1 cards

ooh. i see. no wanting to pay the AF. that is what op was asking as well about downgrading. I did not even think of that. to avoid the fee. i could go to venture 1 with my limit if they do it. im sure they will. but better would be to combine my limit to my Qs as you are suggesting. outstanding.

Re: Cap One Venture help (long, stick with me please!)

Anonymous — Mon, 06 Jul 2015 00:49:28 GMT

@CreditCuriousity wrote:
@Anonymous wrote:
@CreditCuriousity wrote:
Scores are fine, although I would unfreeze EQ if you are going to apply.. EQ is what they basically use as their main decision maker on approval/denial and the other two just making sure your other two don't have anything soar stick out they don't know about, but sometime it is just one other, but more so they want all 3.. I wouldn't apply with it on ICE and risk two HP's and a denial due to EQ being on ice.. Just my opinions on it.. I am all about stacking the odds in my favor, but you really can't do that w/regards to EQ and Cap1.. They will still pull the other 2 and wont ask you to unfreeze EQ they will just deny you.

BTW EQ was at 670 at time of aproval and other scores were 690-700 range on Exp and TU w/income north of 100k. Got 20k on Venture and 10k on QS with baddies on EQ/EX more than on TU. I have a pretty thick file though. Just more data points. Oh and didn't say I wanted a BT whether that matter or not, who knows.. Was kind of hoping for a 30k Venture approval, but that didn't quite happen probably due to my baddies remaing on report.
Solid advice & I appreciate it. I will unfreeze before APPing. Thank you so much for the data! This looks promising but your income dwarfs mine and I'm sure that will play a role. What is your plan w/ Venture? Downgrade before AF or is it worth it to you to keep the card around?

Has anyone ever had a problem downgrading?
My plan is if they allow CL combining as rumored in October then move that limit into my QS Visa Signature for a limit of 30k.. It they don't allow that I will PC it before the AF hits to the QS card and have 2 QS cards. Of course I am going to get the venture bonus of 40k miles and the QS bonus as well as that is free money as long as you can meet spend.. Having my best friend whose rent is 4500 a month and they take cc w/out any fees cut me a check and authorize one rent payment on my Venture card to meet that bonus , while I am working on my other bonuses of QS/HHonors and Total rewards right now.

Hasn't been long enough since the venture craze of downgrading yet as I believe you gotta at least wait 6 months to PC this card.. So it will either be a combine limit if they allow to my QS and cancel the venture of Pc the venture to a QS and have two QS siggy's

I also have two other QS's (rebuilder cards) at 4.5k each that I will be cancelling when the Venture/QS (new ones) report... No need for 4 Cap1 cards

Great info!!! And I think I remember reading about your lucky situation w/ the rent deal! I wish my rent would allow me to pay w/ CC! But they want a THIRTY!!! ($30!!!) dollar fee if it goes on a credit card. Punks!

Re: Cap One Venture help (long, stick with me please!)

CreditCuriosity — Mon, 06 Jul 2015 00:54:37 GMT

@Anonymous wrote:
@CreditCuriousity wrote:
@Anonymous wrote:
@CreditCuriousity wrote:
Scores are fine, although I would unfreeze EQ if you are going to apply.. EQ is what they basically use as their main decision maker on approval/denial and the other two just making sure your other two don't have anything soar stick out they don't know about, but sometime it is just one other, but more so they want all 3.. I wouldn't apply with it on ICE and risk two HP's and a denial due to EQ being on ice.. Just my opinions on it.. I am all about stacking the odds in my favor, but you really can't do that w/regards to EQ and Cap1.. They will still pull the other 2 and wont ask you to unfreeze EQ they will just deny you.

BTW EQ was at 670 at time of aproval and other scores were 690-700 range on Exp and TU w/income north of 100k. Got 20k on Venture and 10k on QS with baddies on EQ/EX more than on TU. I have a pretty thick file though. Just more data points. Oh and didn't say I wanted a BT whether that matter or not, who knows.. Was kind of hoping for a 30k Venture approval, but that didn't quite happen probably due to my baddies remaing on report.
Solid advice & I appreciate it. I will unfreeze before APPing. Thank you so much for the data! This looks promising but your income dwarfs mine and I'm sure that will play a role. What is your plan w/ Venture? Downgrade before AF or is it worth it to you to keep the card around?

Has anyone ever had a problem downgrading?
My plan is if they allow CL combining as rumored in October then move that limit into my QS Visa Signature for a limit of 30k.. It they don't allow that I will PC it before the AF hits to the QS card and have 2 QS cards. Of course I am going to get the venture bonus of 40k miles and the QS bonus as well as that is free money as long as you can meet spend.. Having my best friend whose rent is 4500 a month and they take cc w/out any fees cut me a check and authorize one rent payment on my Venture card to meet that bonus , while I am working on my other bonuses of QS/HHonors and Total rewards right now.

Hasn't been long enough since the venture craze of downgrading yet as I believe you gotta at least wait 6 months to PC this card.. So it will either be a combine limit if they allow to my QS and cancel the venture of Pc the venture to a QS and have two QS siggy's

I also have two other QS's (rebuilder cards) at 4.5k each that I will be cancelling when the Venture/QS (new ones) report... No need for 4 Cap1 cards
Great info!!! And I think I remember reading about your lucky situation w/ the rent deal! I wish my rent would allow me to pay w/ CC! But they want a THIRTY!!! ($30!!!) dollar fee if it goes on a credit card. Punks!

Ya most places do want that.. but lets say you rent is 1k.. Pay 3 months rent with it worse case scenario and that is 90$, but at the same time your bonus is $400 if you meet the spending requirement.. So that is a no brainer approach to me in the worse case scenario 400 > $90 net profit $310.. Otherwise do say one month rent at 30$ and the other 2k in normal spending or some combination..