topic Re: Rebuilding with CLI - Capital One Consolidation and PC in Credit Cards

Rebuilding with CLI - Capital One Consolidation and PC

Anonymous — Thu, 23 Jul 2015 23:45:40 GMT

Started rebuilding my credit in January after opening a Cap1 Platinum Mastercard (SL $300, now $1300) and Discover It Secured Card ($500, hopefully upgrades to an unsecured card in Jan 2016). Applied and was approved for the Cap1 Quicksilver One Card (SL $500, now $1500) in April. Requested a credit line increase for both Cap1 cards in early July and was approved. Received an additional CLI today for my mastercard as part of credit steps. My QS1 receives an automatic increase in 3 more months.

July was a great month! Was also approved for Bloomingdales ($800) and Nordstrom ($300). Feeling great about my rebuilding journey in only 7 months. Can't wait to consolidate both my Cap1 cards after my QS1 hits 6 months. By then, I should have over a $3000 total limit for Cap1. I've read that their Venture One must have at least a limit of $3000. After consolidation, will it possible to PC to their Venture One?

Re: Rebuilding with CLI - Capital One Consolidation and PC

OmarGB9 — Fri, 24 Jul 2015 05:38:50 GMT

Not sure how true it is that you must have $3k for a venture one. But the PC should be possible.

Re: Rebuilding with CLI - Capital One Consolidation and PC

DeeBee78 — Fri, 24 Jul 2015 06:44:53 GMT

@OmarGB9 wrote:
Not sure how true it is that you must have $3k for a venture one. But the PC should be possible.

It's absoutely true. VentureOne has a minimum 3k limit, and Venture has a minimum 5k. Read the "How do you determine my credit line?" section on the application. it's under Rates and Disclosures.

http://www.capitalone.com/credit-cards/ventureone/

Re: Rebuilding with CLI - Capital One Consolidation and PC

JAmajzan — Fri, 24 Jul 2015 06:55:19 GMT

@Anonymous wrote:
After consolidation, will it possible to PC to their Venture One?

May I ask why you would want to PC to a venture one as oppose to a regular quicksilver?

Re: Rebuilding with CLI - Capital One Consolidation and PC

OmarGB9 — Fri, 24 Jul 2015 13:52:40 GMT

@DeeBee78 wrote:
@OmarGB9 wrote:
Not sure how true it is that you must have $3k for a venture one. But the PC should be possible.
It's absoutely true. VentureOne has a minimum 3k limit, and Venture has a minimum 5k. Read the "How do you determine my credit line?" section on the application. it's under Rates and Disclosures.

http://www.capitalone.com/credit-cards/ventureone/

I knew about the Venture having $5k minimum as it's a Visa Sig. But I didn't know about the VentureOne having $3k minimum. You learn something new every day.

Re: Rebuilding with CLI - Capital One Consolidation and PC

ryox03 — Fri, 24 Jul 2015 14:03:47 GMT

Venture One isn't really worth it rewards wise. I would wait for the regular Venture or the QS.