topic Re: Venture and QS in Credit Cards

Venture and QS

Anonymous — Mon, 31 Aug 2015 15:37:55 GMT

My Venture and Quicksilver Signature Visa are 1 1/2 months old, and wanted to see if we could get people to list data points for CLI's for these specific cards, since they seem to be happening relatively early with heavy use and big payments. Cap One also seems to be offering diff CLI amounts depending on if you can wait it out a bit longer.

With that being said, please list:

1) Your card(s) type - Venture and/ or QS Visa

2) How long you've had the card

3) CLI offered during which time frame 45 days, 75 days, 90 days

4) Amount of CLI offered at each data point

5) What your spend and payments were like, generally (so we can see how that intersects with CLI amount offered)

I'm referring more to QS Visa and Venture here, since QS Mastercard and Credit Steps products are at a different level and have a different way of operating.

I think this will provide some valuable information and helpful data points for the group. No guarantees, but it provides a reference point that may be useful for many of us. Thanks everyone!

Mine are a bit too new to be helpful, but I'll start:

1) Have Venture and QS Signature Visa, both

2) Both are about 40 days old

3) Tried QS CLI button a few days ago; denied for being too new

4) 4k spend and balance transfer on Venture; $1,600 spend on QS Signature Visa and big payments on both

5) Plan to try for CLI at 75 days and will report back

Re: Venture and QS

Anonymous — Mon, 31 Aug 2015 15:33:48 GMT

Sorry moderator, I meant to put this in regular "credit cards" section , not under approvals.

Re: Venture and QS

CreditMagic7 — Mon, 31 Aug 2015 15:52:19 GMT

Congrats!

Re: Venture and QS

SunriseEarth — Mon, 31 Aug 2015 19:36:17 GMT

@Anonymous wrote:
Sorry moderator, I meant to put this in regular "credit cards" section , not under approvals.

I moved this to the main CC forum so you can get better feedback.

Re: Venture and QS

SunriseEarth — Mon, 31 Aug 2015 19:41:18 GMT

As far as Cap One and requesting CLIs, they're consistent on this: 6 calendar months from last CLI (minus 1 day or 2). There have been some reports from members who waited longer than 6 months in order to get a new SP and a better CLI offer. AFAIK, there are only two ways to request CLIs sooner than 6 calendar months: (1) will sometimes work shortly after initial approval (esp with Credit Steps) and (2) requesting manual review through EO.

Regarding auto-LUV, I haven't seen many posts on that with Cap One, so I'm not sure I'd have enough observation on that. Others might have more experience.

Re: Venture and QS

Ghoshida — Mon, 31 Aug 2015 19:53:41 GMT

@Anonymous wrote:
My Venture and Quicksilver Signature Visa are 1 1/2 months old, and wanted to see if we could get people to list data points for CLI's for these specific cards, since they seem to be happening relatively early with heavy use and big payments. Cap One also seems to be offering diff CLI amounts depending on if you can wait it out a bit longer.

With that being said, please list:

1) Your card(s) type - Venture and/ or QS Visa : Venture VS / QS MC Plat (not relevant here but)
2) How long you've had the card : New Venture VS, obtained on 16 June (75 days old as on today). CL 15k
3) CLI offered during which time frame 45 days, 75 days, 90 days : SP CLIs denied when <1 month and <2 month but approved on 70th day
4) Amount of CLI offered at each data point : 2k. Could have waited. Didn't care to wait.
5) What your spend and payments were like, generally (so we can see how that intersects with CLI amount offered) : spent ~4.5k between account opening and now; paid off all but ~1k, which hasn't been billed yet.

I'm referring more to QS Visa and Venture here, since QS Mastercard and Credit Steps products are at a different level and have a different way of operating.

Re: Venture and QS

pip3man — Mon, 31 Aug 2015 20:53:06 GMT

Venture approved on 06/10 with a $5k limit. Charged $3k in a single transaction on 06/17 which was the day I received the card and paid in full on 07/22. Charged another $715 in 8 total transaction and left the balance sitting there till this day. Kept hitting the luv button from Day 1 but always denied for account being too new so on 08/08 I tried and got a $400 offer for the first time which I declined. Then on 08/18 I hit the button again and this time around I got a $3k bump bringing new limit to $8k. So for me it took 69 days from date of approval to get a decent CLI. Hope this helps

Re: Venture and QS

Anonymous — Mon, 31 Aug 2015 20:58:07 GMT

1) Venture - approved February 2015. Initial limit $10,000.

2) CLI date: April 2015 (2 months later).

3) CLI amount: $10,000 (through luv button).

4) Put a few thousand on it each month to meet spending bonus.

Re: Venture and QS

pip3man — Mon, 31 Aug 2015 22:05:31 GMT

@Anonymous wrote:
1) Venture - approved February 2015. Initial limit $10,000.
2) CLI date: April 2015 (2 months later).
3) CLI amount: $10,000 (through luv button).
4) Put a few thousand on it each month to meet spending bonus.

Hollup, hollup... U mean to say u snagged an extra $10k for a total limit of $20k?! That's friggin awesome, I wanna be just like you!!!

Re: Venture and QS

Anonymous — Mon, 31 Aug 2015 22:16:28 GMT

@pip3man wrote:
@Anonymous wrote:
1) Venture - approved February 2015. Initial limit $10,000.
2) CLI date: April 2015 (2 months later).
3) CLI amount: $10,000 (through luv button).
4) Put a few thousand on it each month to meet spending bonus.

Hollup, hollup... U mean to say u snagged an extra $10k for a total limit of $20k?! That's friggin awesome, I wanna be just like you!!!

Indeed. It was pretty awesome. I have a screenshot of the CLI here:

http://ficoforums.myfico.com/t5/Credit-Card-Approvals/OMG-OMG-OMG-10-000-SP-CLI-ON-VENTURE/m-p/3942586

#ShamelessPlug

Re: Venture and QS

pip3man — Mon, 31 Aug 2015 22:29:22 GMT

Wow I read it, u just had my jaws drop!!!! Holy cow!!!!! Any idea how much u ran through the card??

Re: Venture and QS

Anonymous — Mon, 31 Aug 2015 22:41:40 GMT

@pip3man wrote:
Wow I read it, u just had my jaws drop!!!! Holy cow!!!!! Any idea how much u ran through the card??

I just went through my transaction history for the months of February, March, and April, and I averaged about $4600/month (a total of about $13800).

Re: Venture and QS

Anonymous — Mon, 31 Aug 2015 22:52:52 GMT

Thanks for moving it, Sunrise. Since a large majority of people with Ventures and Quicksilver Visas have gotten large CLI's within 45/70/90 day periods I am hoping this thread will help show patterns and provide some guidance or roadmap for us -specifically related to Venture and Quicksilver Visa. I know the regular Capital One standards, but since these two cards seem to operate a bit outside that, it will be good to see that data.

Re: Venture and QS

Anonymous — Mon, 31 Aug 2015 22:50:25 GMT

@Ghoshida wrote:

1) Your card(s) type - Venture and/ or QS Visa : Venture VS / QS MC Plat (not relevant here but)
2) How long you've had the card : New Venture VS, obtained on 16 June (75 days old as on today). CL 15k
3) CLI offered during which time frame 45 days, 75 days, 90 days : SP CLIs denied when <1 month and <2 month but approved on 70th day
4) Amount of CLI offered at each data point : 2k. Could have waited. Didn't care to wait.
5) What your spend and payments were like, generally (so we can see how that intersects with CLI amount offered) : spent ~4.5k between account opening and now; paid off all but ~1k, which hasn't been billed yet.

Thanks Ghoshida! This is great

Re: Venture and QS

Anonymous — Mon, 31 Aug 2015 22:51:38 GMT

@pip3man wrote:
Venture approved on 06/10 with a $5k limit. Charged $3k in a single transaction on 06/17 which was the day I received the card and paid in full on 07/22. Charged another $715 in 8 total transaction and left the balance sitting there till this day. Kept hitting the luv button from Day 1 but always denied for account being too new so on 08/08 I tried and got a $400 offer for the first time which I declined. Then on 08/18 I hit the button again and this time around I got a $3k bump bringing new limit to $8k. So for me it took 69 days from date of approval to get a decent CLI. Hope this helps

Great information, mister!

Re: Venture and QS

SunriseEarth — Mon, 31 Aug 2015 23:10:49 GMT

@Anonymous wrote:
Thanks for moving it, Sunrise. Since a large majority of people with Ventures and Quicksilver Visas have gotten large CLI's within 45/70/90 day periods I am hoping this thread will help show patterns and provide some guidance or roadmap for us -specifically related to Venture and Quicksilver Visa. I know the regular Capital One standards, but since these two cards seem to operate a bit outside that, it will be good to see that data.

Standards seem to be different for initial CLIs, even for the "Credit Steps" level cards. As for subsequent CLIs, these appear to fall back under normal Cap One standards but we could use more data to confirm that. I agree that this information will be useful for recent Venture/QS approvals.

Re: Venture and QS

UncleB — Tue, 01 Sep 2015 00:37:16 GMT

I was approved for a new Quicksilver Visa Signature on March 7, with a credit line of $5k. After the third statement (but before the fourth) I gave the button a try, and was offered a $2k increase, which I accepted. I had been putting around $1500/month though the card, and paying anywhere from $500 to PIF (due to the promo there is no interest right now, so no urgency to PIF).

I was concerned that not PIF each time would impact my CLI, but it didn't seem to make a difference. I feel that my large payments did make a difference, though.

Re: Venture and QS

kdong1996 — Tue, 01 Sep 2015 05:37:33 GMT

1) Venture 10k->13k

2) 3 months-ish

3) 72nd day (Requested)

4) 3k

5)4k total, 1.3k each month always PIF

One of my DF's account

1) Quicksilver VS 10k->15k->18k

2) 1yr

3) 113th day (Auto)& 293rd (Requested)

4) 5k and 3k respectively

5) Around 63k total, 4-12k each month always PIF