topic Re: Need Advice in Credit Cards

Need Advice

Anonymous — Thu, 23 Jul 2015 02:52:27 GMT

I applied for and was approved for Cap1 VentureOne just this month. The thing is, I don't think I will use it enough to benefit me and earn enough rewards to make a difference. Should I just close it down?

Re: Need Advice

Closingracer99 — Thu, 23 Jul 2015 02:55:27 GMT

@Anonymous wrote:
I applied for and was approved for Cap1 VentureOne just this month. The thing is, I don't think I will use it enough to benefit me and earn enough rewards to make a difference. Should I just close it down?

I would wait a year and see if you can PC it? If I remember their cards that is the AF one so you already spent the money on it might as well keep it

Re: Need Advice

Anonymous — Thu, 23 Jul 2015 02:56:52 GMT

@Closingracer99 wrote:
@Anonymous wrote:
I applied for and was approved for Cap1 VentureOne just this month. The thing is, I don't think I will use it enough to benefit me and earn enough rewards to make a difference. Should I just close it down?
I would wait a year and see if you can PC it? If I remember their cards that is the AF one so you already spent the money on it might as well keep it

No AF. But why keep it if I'll never use it? My other cards suit my needs better. Thought I could use a "travel" card but now i don't think it's such a great idea.

Re: Need Advice

Anonymous — Thu, 23 Jul 2015 02:58:00 GMT

It's a no AF card & you already took a 3 bureau hard pull hit. If you got a decent limit, just SD it, will help with util if not anything else. You can also try to PC to a QS and earn better 1.5% cash back rewards.

Re: Need Advice

Anonymous — Thu, 23 Jul 2015 02:59:58 GMT

@Anonymous wrote:
It's a no AF card & you already took a 3 bureau hard pull hit. If you got a decent limit, just SD it, will help with util if not anything else. You can also try to PC to a QS and earn better 1.5% cash back rewards.

But.....i already have a QS

Re: Need Advice

Anonymous — Thu, 23 Jul 2015 03:16:25 GMT

@Anonymous wrote:
@Anonymous wrote:
It's a no AF card & you already took a 3 bureau hard pull hit. If you got a decent limit, just SD it, will help with util if not anything else. You can also try to PC to a QS and earn better 1.5% cash back rewards.
But.....i already have a QS

With the new Cap One policy, you should, after enough time (6 months) be able to transfer the credit limit to the QS and close the card.

The VentureOne is, as you seem to have discovered a little late, useless compared to the QS. Always good to do a little research first, the reward program is pretty clearly explained, and getting 1.25c per $ is obviously less good than 1.5c per $.

Re: Need Advice

Anonymous — Thu, 23 Jul 2015 03:20:49 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
It's a no AF card & you already took a 3 bureau hard pull hit. If you got a decent limit, just SD it, will help with util if not anything else. You can also try to PC to a QS and earn better 1.5% cash back rewards.
But.....i already have a QS
With the new Cap One policy, you should, after enough time (6 months) be able to transfer the credit limit to the QS and close the card.

The VentureOne is, as you seem to have discovered a little late, useless compared to the QS. Always good to do a little research first, the reward program is pretty clearly explained, and getting 1.25c per $ is obviously less good than 1.5c per $.

Thanks, dad.

Re: Need Advice

CreditDunce — Thu, 23 Jul 2015 03:25:59 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
It's a no AF card & you already took a 3 bureau hard pull hit. If you got a decent limit, just SD it, will help with util if not anything else. You can also try to PC to a QS and earn better 1.5% cash back rewards.
But.....i already have a QS
With the new Cap One policy, you should, after enough time (6 months) be able to transfer the credit limit to the QS and close the card.

The VentureOne is, as you seem to have discovered a little late, useless compared to the QS. Always good to do a little research first, the reward program is pretty clearly explained, and getting 1.25c per $ is obviously less good than 1.5c per $.

+1 good advice. It looks like it will give you your first 6k limit. I am not a big proponent of the need for big CL's. However, there are many CCC's that want to see at least a 5k limit.

Re: Need Advice

Anonymous — Thu, 23 Jul 2015 03:32:27 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
It's a no AF card & you already took a 3 bureau hard pull hit. If you got a decent limit, just SD it, will help with util if not anything else. You can also try to PC to a QS and earn better 1.5% cash back rewards.
But.....i already have a QS
With the new Cap One policy, you should, after enough time (6 months) be able to transfer the credit limit to the QS and close the card.

The VentureOne is, as you seem to have discovered a little late, useless compared to the QS. Always good to do a little research first, the reward program is pretty clearly explained, and getting 1.25c per $ is obviously less good than 1.5c per $.

Thanks, dad.

Simce I never ever make mistakes, I am always intrigued when others do! "What so called thought process could have made the OP think getting the VentureOne was a good idea?" But I would never say such a thing....

Re: Need Advice

Anonymous — Thu, 23 Jul 2015 03:40:38 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
It's a no AF card & you already took a 3 bureau hard pull hit. If you got a decent limit, just SD it, will help with util if not anything else. You can also try to PC to a QS and earn better 1.5% cash back rewards.
But.....i already have a QS
With the new Cap One policy, you should, after enough time (6 months) be able to transfer the credit limit to the QS and close the card.

The VentureOne is, as you seem to have discovered a little late, useless compared to the QS. Always good to do a little research first, the reward program is pretty clearly explained, and getting 1.25c per $ is obviously less good than 1.5c per $.

Thanks, dad.
Simce I never ever make mistakes, I am always intrigued when others do! "What so called thought process could have made the OP think getting the VentureOne was a good idea?" But I would never say such a thing....

never?