topic Re: venture vs venture one Help in Credit Cards

venture vs venture one Help

EDGE1230 — Mon, 03 Aug 2015 17:09:18 GMT

I have been thinking about applying for the venture or the venture one now for some time , especially after seeing all the high starting lines. Which one do you think i would have a better shot at ? I currently have a quicksilver one with them for 3k. My highest line is my lowes card for 6k. On the prequal it comes up with quicksilver one and platinum for me.

Re: venture vs venture one Help

DeeBee78 — Mon, 03 Aug 2015 17:29:15 GMT

@EDGE1230 wrote:
I have been thinking about applying for the venture or the venture one now for some time , especially after seeing all the high starting lines. Which one do you think i would have a better shot at ? I currently have a quicksilver one with them for 3k. My highest line is my lowes card for 6k. On the prequal it comes up with quicksilver one and platinum for me.

Their prequalifier is definitely hit or miss. Several people in the forums have reported success with approvals even if the prequalifer shows nothing.

I think your scores are a little low for Venture and you currently have no cards with a $5k+ limit (store cards don't count), so you might be denied for lack of experience with higher limits.

You might be good to go for the VentureOne.

Re: venture vs venture one Help

Anonymous — Mon, 03 Aug 2015 17:31:56 GMT

Your scores are a bit low for Venture. What's up with your credit and why are they in the mid 600 range? I would wait to get your scores up to the 700 range.

If you absolutely need more credit, a lot of people have been reporting success with Lowes. I would talk to them about a CLI first mentioning something like "i will need new appliances around the entire house soon, can i get a CLI to $15,000 to pay for these". Let that report for a month, then apply for the VentureOne. But at the moment, i think you might get shot down for the Venture.

Re: venture vs venture one Help

happypill — Mon, 03 Aug 2015 18:12:30 GMT

if you have been putting significant spend through your Quicksilver, you could get approved for a Venture. I had a QS1 with $3k limit, increased to $3.5k through credit steps. After about 3 months I got the AF removed. I applied for a Venture about 5 months after first getting the QS1 and was approved for $5k. My scores were in the same neighborhood as yours.

I put $3-6k through my QS each months. This required multiple payments before statement cut obviously. After getting the Venture I put $5-7k through per month and after about 5 months received an increase to $7.5k. After 6 months I applied for a 2nd Venture and was approved for $30k.

Capital one will definitely take into account your usage and whether it shows you need more credit. If you just have the card and barely use it, they might not give you a Venture with your current scores.

Re: venture vs venture one Help

icyhot — Mon, 03 Aug 2015 18:24:28 GMT

@DeeBee78 wrote:
@EDGE1230 wrote:
I have been thinking about applying for the venture or the venture one now for some time , especially after seeing all the high starting lines. Which one do you think i would have a better shot at ? I currently have a quicksilver one with them for 3k. My highest line is my lowes card for 6k. On the prequal it comes up with quicksilver one and platinum for me.
Their prequalifier is definitely hit or miss. Several people in the forums have reported success with approvals even if the prequalifer shows nothing.

I think your scores are a little low for Venture and you currently have no cards with a $5k+ limit (store cards don't count), so you might be denied for lack of experience with higher limits.

You might be good to go for the VentureOne.

It looks like OP has 2 Chase cards with a $5K limit and 2 cards with a $3k limit. Since the minimum limit for VentureOne is $3K, they may have a shot. I was approved for the Venture with similar scores and only QS1 and and Platinum in the prequals. I say apply for both at the same time to use the same pulls

Re: venture vs venture one Help

DeeBee78 — Mon, 03 Aug 2015 19:04:02 GMT

@icyhot wrote:
@DeeBee78 wrote:
@EDGE1230 wrote:
I have been thinking about applying for the venture or the venture one now for some time , especially after seeing all the high starting lines. Which one do you think i would have a better shot at ? I currently have a quicksilver one with them for 3k. My highest line is my lowes card for 6k. On the prequal it comes up with quicksilver one and platinum for me.
Their prequalifier is definitely hit or miss. Several people in the forums have reported success with approvals even if the prequalifer shows nothing.

I think your scores are a little low for Venture and you currently have no cards with a $5k+ limit (store cards don't count), so you might be denied for lack of experience with higher limits.

You might be good to go for the VentureOne.
It looks like OP has 2 Chase cards with a $5K limit and 2 cards with a $3k limit. Since the minimum limit for VentureOne is $3K, they may have a shot. I was approved for the Venture with similar scores and only QS1 and and Platinum in the prequals. I say apply for both at the same time to use the same pulls

I probably should have been clearer with that. I meant to say OP has no cards with limits higher than $5k.

That, combined with their mid 600's scores isn't very favorable for Venture approval.

App for the VentureOne and if approved app for the Venture, so you don't waste 3 HP's on a denial.

Re: venture vs venture one Help

kdm31091 — Mon, 03 Aug 2015 19:09:30 GMT

@DeeBee78 wrote:
@icyhot wrote:
@DeeBee78 wrote:
@EDGE1230 wrote:
I have been thinking about applying for the venture or the venture one now for some time , especially after seeing all the high starting lines. Which one do you think i would have a better shot at ? I currently have a quicksilver one with them for 3k. My highest line is my lowes card for 6k. On the prequal it comes up with quicksilver one and platinum for me.
Their prequalifier is definitely hit or miss. Several people in the forums have reported success with approvals even if the prequalifer shows nothing.

I think your scores are a little low for Venture and you currently have no cards with a $5k+ limit (store cards don't count), so you might be denied for lack of experience with higher limits.

You might be good to go for the VentureOne.
It looks like OP has 2 Chase cards with a $5K limit and 2 cards with a $3k limit. Since the minimum limit for VentureOne is $3K, they may have a shot. I was approved for the Venture with similar scores and only QS1 and and Platinum in the prequals. I say apply for both at the same time to use the same pulls
I probably should have been clearer with that. I meant to say OP has no cards with limits higher than $5k.

That, combined with their mid 600's scores isn't very favorable for Venture approval.

App for the VentureOne and if approved app for the Venture, so you don't waste 3 HP's on a denial.

You're worried about wasting 3 HPs, but think OP should app for a crappier product, and if approved, then go for the better one (for 6 HPs)? Am I missing something?

There's no point in doing that. OP needs to do this right, not rush it. Which IMO means they wait until they can get the better product.

Re: venture vs venture one Help

DeeBee78 — Mon, 03 Aug 2015 19:13:11 GMT

@kdm31091 wrote:
@DeeBee78 wrote:
@icyhot wrote:
@DeeBee78 wrote:
@EDGE1230 wrote:
I have been thinking about applying for the venture or the venture one now for some time , especially after seeing all the high starting lines. Which one do you think i would have a better shot at ? I currently have a quicksilver one with them for 3k. My highest line is my lowes card for 6k. On the prequal it comes up with quicksilver one and platinum for me.
Their prequalifier is definitely hit or miss. Several people in the forums have reported success with approvals even if the prequalifer shows nothing.

I think your scores are a little low for Venture and you currently have no cards with a $5k+ limit (store cards don't count), so you might be denied for lack of experience with higher limits.

You might be good to go for the VentureOne.
It looks like OP has 2 Chase cards with a $5K limit and 2 cards with a $3k limit. Since the minimum limit for VentureOne is $3K, they may have a shot. I was approved for the Venture with similar scores and only QS1 and and Platinum in the prequals. I say apply for both at the same time to use the same pulls
I probably should have been clearer with that. I meant to say OP has no cards with limits higher than $5k.

That, combined with their mid 600's scores isn't very favorable for Venture approval.

App for the VentureOne and if approved app for the Venture, so you don't waste 3 HP's on a denial.
You're worried about wasting 3 HPs, but think OP should app for a crappier product, and if approved, then go for the better one (for 6 HPs)? Am I missing something?

There's no point in doing that. OP needs to do this right, not rush it. Which IMO means they wait until they can get the better product.

1. Crappier is subjective and opinionated - keep it to yourself.

2. Cap1 will usually combine HP's, which is why i said to app for the more likely approval, then if they want to try for the Venture, they can do it without wasting another round of HP's.

Re: venture vs venture one Help

kdm31091 — Mon, 03 Aug 2015 19:15:16 GMT

You're suggesting OP applies for the Venture One which has lesser rewards and then apply for the Venture which is the exact same card with higher rewards. We can debate about "crappy" or not but the fact is you are suggesting OP apply for a lower tier of the same product, then apply for a higher tier minutes later. Makes no sense to me.

There is no guarantee of the "combined HP" thing and it's starting to become a mantra on here...but some people are gonna be disappointed when they get 6 HPs! Because it can and will happen.

Re: venture vs venture one Help

DeeBee78 — Mon, 03 Aug 2015 19:16:55 GMT

@kdm31091 wrote:
You're suggesting OP applies for the Venture One which has lesser rewards and then apply for the Venture which is the exact same card with higher rewards. We can debate about "crappy" or not but the fact is you are suggesting OP apply for a lower tier of the same product, then apply for a higher tier minutes later. Makes no sense to me.

There is no guarantee of the "combined HP" thing and it's starting to become a mantra on here...but some people are gonna be disappointed when they get 6 HPs! Because it can and will happen.

You are completely missing the point. OP asked which card they had a better shot at, not which one was better for their portfolio, or which one had better rewards, or which one kdm31091 thinks is crappier.

OP has a better shot at VentureOne.

Re: venture vs venture one Help

kdm31091 — Mon, 03 Aug 2015 19:18:53 GMT

@DeeBee78 wrote:
@kdm31091 wrote:
You're suggesting OP applies for the Venture One which has lesser rewards and then apply for the Venture which is the exact same card with higher rewards. We can debate about "crappy" or not but the fact is you are suggesting OP apply for a lower tier of the same product, then apply for a higher tier minutes later. Makes no sense to me.

There is no guarantee of the "combined HP" thing and it's starting to become a mantra on here...but some people are gonna be disappointed when they get 6 HPs! Because it can and will happen.
You are completely missing the point. OP asked which card they had a better shot at, not which one was better for their portfolio, or which one had better rewards, or which one kdm31091 thinks is crappier.

OP has a better shot at VentureOne.

I'm not missing the point. You still suggested double apping. But whatever.

Yes, at this moment OP has a better shot at Venture One. So why don't they just WAIT and then can go for the higher tiered, "better" card? What is the gain from rushing this?

Re: venture vs venture one Help

icyhot — Mon, 03 Aug 2015 21:21:43 GMT

Is there really any proof that VentureOne and Venture have different underwriting criteria? According to Cap1 they're both for "excellent" credit. If OP wants to try I think they could very well be approved for both

Re: venture vs venture one Help

Anonymous — Mon, 03 Aug 2015 22:46:05 GMT

@icyhot wrote:
Is there really any proof that VentureOne and Venture have different underwriting criteria? According to Cap1 they're both for "excellent" credit. If OP wants to try I think they could very well be approved for both

According to Capitalone.com, both are listed at "Excellent Credit" credit cards. However the VentureOne has a $3000 minimum and the Venture has a $5000 minimum. Based on that alone, i would presume qualifying for a $5000 limit in itself would be more difficult.

Re: venture vs venture one Help

Anonymous — Mon, 03 Aug 2015 22:46:58 GMT

Keep us posted OP

Re: venture vs venture one Help

Anonymous — Mon, 03 Aug 2015 22:56:19 GMT

I would say go for them both! I was approved with scores a little higher than yours and I had 1 account with 60 and 90 day lates within the prior 4 months when I applied. I was instantly approved for a Venture and got the 7-10 day message on the VentureOne. They double pulled me on all the bureaus. 30 days later I ended up getting approved for a 2nd Venture card.

Re: venture vs venture one Help

gdale6 — Tue, 04 Aug 2015 00:45:22 GMT

IMO I would not app for either at this point in time your scores are not really in the range of what is considered excellent credit. Cap-1 also defines it as having a CL of at leat 5K for 3 years. However to answer your question the V1 is most likely going to be easier to qualify for.

Re: venture vs venture one Help

DrZoidberg — Tue, 04 Aug 2015 01:04:19 GMT

This is what I don't like about this site. Members see other members getting high approvals and want in. Your profile would get MAYBE a $10k max approval if at all.

Re: venture vs venture one Help

Anonymous — Thu, 06 Aug 2015 17:23:26 GMT

Imo, the only difference is your willingness to pay the AF or take less reward points for your purchases. Approval is not just about your score or your other CL's. I only had 2 cards until my Venture was approved yesterday - a Cap 1 that was just increased to a $1900 limit last month, and a best buy card w/a $1600 limit.
What i did was call and spoke to a CSR to do a live application, because I wanted them to tell me what their terms of "excellent credit" really meant so i knew whether or not to apply. The csr ran down the requirements to me, I don't remember all but there was a mention of no late payments in the last 18mos, and no collections or bk's in the last 2 years. MY SCORES? EQ-654, TU-677, EX-678. Your income goes into consideration, as well if you have a hefty amt of inquiries. Good luck OP. I was approved for 15k

Re: venture vs venture one Help

Broke_Triathlete — Thu, 06 Aug 2015 17:47:14 GMT

@Anonymous wrote:
Imo, the only difference is your willingness to pay the AF or take less reward points for your purchases. Approval is not just about your score or your other CL's. I only had 2 cards until my Venture was approved yesterday - a Cap 1 that was just increased to a $1900 limit last month, and a best buy card w/a $1600 limit.
What i did was call and spoke to a CSR to do a live application, because I wanted them to tell me what their terms of "excellent credit" really meant so i knew whether or not to apply. The csr ran down the requirements to me, I don't remember all but there was a mention of no late payments in the last 18mos, and no collections or bk's in the last 2 years. MY SCORES? EQ-654, TU-677, EX-678. Your income goes into consideration, as well if you have a hefty amt of inquiries. Good luck OP. I was approved for 15k

Hmmm. That's interesting. Then I have excellent credit according to what you're saying Cap 1 categorizes as excellent. It'd be worth opening up a chat to see LOL.