topic Re: Capital One Venture CLI in Credit Cards

Capital One Venture CLI

Anonymous — Thu, 16 Jul 2015 23:34:34 GMT

Just had a very confusing interaction with Cap One Customer Service today. I requested a CLI on my Venture One card approximately 3 weeks ago and heard nothing. When I called today, they advised me that because I had a fraud alert as well as freezes on all 3 of my CR's, they were unable to process my request. This was strange as two other CLI's for my other Cap One cards were recently approved after only answering security questions to unlock the fraud alerts. The rep seemed confused and for some reason, advised me that Cap One offfers Transunion credit tracker. I don't know what this had to do with anything I was asking, but I advised her that I was well aware of this feature and inquired as to why, if Cap One provides this info to their customers and they are well aware of the info being provided, why can't they use said info to authorize a CLI. She seemed perplexed at the question. With this, I advised her that although this is the Cap One card I use most, I will now limit my use of the card which carries a measly $3000 limit as I see no reason to spend a fee unlocking my three freezes when there was no guarantee of a CLI.

Re: Capital One Venture CLI

Anonymous — Thu, 16 Jul 2015 23:44:30 GMT

@Anonymous wrote:
Just had a very confusing interaction with Cap One Customer Service today. I requested a CLI on my Venture One card approximately 3 weeks ago and heard nothing. When I called today, they advised me that because I had a fraud alert as well as freezes on all 3 of my CR's, they were unable to process my request. This was strange as two other CLI's for my other Cap One cards were recently approved after only answering security questions to unlock the fraud alerts. The rep seemed confused and for some reason, advised me that Cap One offfers Transunion credit tracker. I don't know what this had to do with anything I was asking, but I advised her that I was well aware of this feature and inquired as to why, if Cap One provides this info to their customers and they are well aware of the info being provided, why can't they use said info to authorize a CLI. She seemed perplexed at the question. With this, I advised her that although this is the Cap One card I use most, I will now limit my use of the card which carries a measly $3000 limit as I see no reason to spend a fee unlocking my three freezes when there was no guarantee of a CLI.

If there were able to do it for your 2 other cards, I suggest you call back and speak with someone else. They may also not be doing this - giving CLI because you probably don't qualify for a CLI yet on your Venture.

i say this because if you got CLIs with your reports frozen, it was because it was time for an increase... Remmeber, some people have gotten a CLI early on their Venture while others haven't.

Re: Capital One Venture CLI

Anonymous — Thu, 16 Jul 2015 23:45:54 GMT

The last two CLI's on the other cards were the result a CLI request. I could understand if they were just automatic courtesy increases, but I specifically requested them and a rep called me directly to ask me security questions to unlock the alerts. I never had to unfreeze my reports for these CLI's.

Re: Capital One Venture CLI

Anonymous — Thu, 16 Jul 2015 23:48:29 GMT

@Anonymous wrote:
The last two CLI's on the other cards were the result a CLI request. I could understand if they were just automatic courtesy increases, but I specifically requested them and a rep called me directly to ask me security questions to unlock the alerts. I never had to unfreeze my reports for these CLI's.

How long have you had the Venture card if you don't mind me asking?

Re: Capital One Venture CLI

Anonymous — Thu, 16 Jul 2015 23:49:59 GMT

9 months

Re: Capital One Venture CLI

Anonymous — Thu, 16 Jul 2015 23:53:38 GMT

@Anonymous wrote:
9 months

Did you PC to the Venture? The reason being the Venture Starts at $5,000 CL and the Venture One starts at the lower limit than $5,000. What other CAP 1 cards do you have?

The only way to get a higher limit with CAP 1 is to apply for a fresh Venture.

Re: Capital One Venture CLI

Anonymous — Thu, 16 Jul 2015 23:57:51 GMT

I have a Spark Visa Business card and a Platinum Master Card. Would they be able to convert my Venture One into a Venture card?

Re: Capital One Venture CLI

Anonymous — Fri, 17 Jul 2015 00:02:06 GMT

@Anonymous wrote:
I have a Spark Visa Business card and a Platinum Master Card. Would they be able to convert my Venture One into a Venture card?

So it is the Venture One you have then. The title is confusing a bit. Anyway, they won't be able to convert your Venture One to a Venture now as the starting limit for the Venture has to be $5,000.

If you really want the Venture, you may have to apply for a fresh card.

Re: Capital One Venture CLI

elim — Fri, 17 Jul 2015 00:02:23 GMT

@Anonymous wrote:
I have a Spark Visa Business card and a Platinum Master Card. Would they be able to convert my Venture One into a Venture card?

cold app for a 10k Venture

Re: Capital One Venture CLI

Anonymous — Fri, 17 Jul 2015 00:07:55 GMT

Do you think I should wait until I have a year under my belt with the Venture One before I do that? I don't want to push my luck with asking for too much of an increase in such a short period of time. Plus, it's another hard pull I can't afford.

Re: Capital One Venture CLI

elim — Fri, 17 Jul 2015 00:08:54 GMT

@Anonymous wrote:
Do you think I should wait until I have a year under my belt with the Venture One before I do that? I don't want to push my luck with asking for too much of an increase in such a short period of time. Plus, it's another hard pull I can't afford.

you are the only one that can answer that :]

Re: Capital One Venture CLI

Anonymous — Fri, 17 Jul 2015 00:12:38 GMT

@Anonymous wrote:
Do you think I should wait until I have a year under my belt with the Venture One before I do that? I don't want to push my luck with asking for too much of an increase in such a short period of time. Plus, it's another hard pull I can't afford.

What are your scores? How does your credit profile look like? What are the limits on your 2 other CAP 1 cards? List them if you can and we will go from there. Any baddies on your report?

Re: Capital One Venture CLI

Anonymous — Fri, 17 Jul 2015 00:13:09 GMT

I appreciate the input. I'll just use my Chase United (with an $8500 line) for the miles until Cap One decides to open their purse. Thanks.

Re: Capital One Venture CLI

taxi818 — Fri, 17 Jul 2015 00:13:14 GMT

Well i can honetly say. i ve had my venture for 2 months. and have been hitting the luv button every week. always same message. Card too new.

Well 3 days ago i hit it. got different message. Payments too low. outstanding. Last time i got that message on my Quicksilver. i made like 4 payments in 10 days. and Boom. instant Cli. this is exactly what im going to do on the Venture. have a $1300 balance. but ive given up on the Bonus. so pay off time now. will make 3-4 payments in next 10 days. and hit it again. and see where i stand.

Re: Capital One Venture CLI

Anonymous — Fri, 17 Jul 2015 00:20:10 GMT

I'm in the high 690's on Experian, Transunion is 698 and Equifax not sure. I'm in the process of rebuilding after a BK came off 2 years ago and paid my way out of a DMP last year. I have a few lates from early 2014 that I'm also dealing with and in the process of sending out GW letters. I have $1500 on my Spark Visa and $6000 on the Platinum Master Card. I just recently acquired a $14000 line from Elan/Emigrant. Chase United has an $8500 line. That's about it.

Re: Capital One Venture CLI

Anonymous — Fri, 17 Jul 2015 00:19:58 GMT

@Anonymous wrote:
I'm in the high 690's on Experian, Transunion is 698 and Equifax not sure. I'm in the process of rebuilding after a BK came off 2 years ago and paying my way out of a DMP last year. I have a few lates from early 2014 that I'm also dealing with and in the process of sending out GW letters. I have $1500 on my Spark Visa and $6000 on the Platinum Master Card. I just recently acquired a $14000 line from Elan/Emigrant. Chase United has an $8500 line. That's about it.

Are any of the lates CAP 1?

Re: Capital One Venture CLI

Anonymous — Fri, 17 Jul 2015 00:23:52 GMT

Yes. One on one card, one on the other and another on a Cap One Auto loan which was paid off in full a few months later.

Re: Capital One Venture CLI

Anonymous — Fri, 17 Jul 2015 00:26:17 GMT

I'm just trying to raise my lines so my utilization ratio stays low.

Re: Capital One Venture CLI

Anonymous — Fri, 17 Jul 2015 00:26:59 GMT

@Anonymous wrote:
Yes. One on one card, one on the other and another on a Cap One Auto loan which was paid off in full a few months later.

Ok.. Then wait as you suggested earlier. Give your Venture One at least 12 months of age then apply for the Venture.

Re: Capital One Venture CLI

Anonymous — Fri, 17 Jul 2015 00:28:26 GMT

@Anonymous wrote:
Do you think I should wait until I have a year under my belt with the Venture One before I do that? I don't want to push my luck with asking for too much of an increase in such a short period of time. Plus, it's another hard pull I can't afford.

I only had a 6 month history with Cap1 when I app'd for the Venture.. check their pre-qualifier and see if the Venture shows up for you.