topic Re: PC'ing QS to Venture? in Credit Cards

PC'ing QS to Venture?

Anonymous — Tue, 24 May 2016 21:20:22 GMT

Hey yall! I have an offer on my current QS (current limit of $9k after I combined a Plat $5k and QS $4k in March) to PC to Venture (I honestly forgot if it was Venture or Venture One).

I have finally gotten "out of debt" and will be utilizing my CC's the smart way as in PIF every month and/or taking advantage of bal trans. offers.

Would PC'ing to the Venture automatically qualify me for higher CLIs? Or does it look "more prime" than the QS?

Thanks!

Re: PC'ing QS to Venture?

UncleB — Tue, 24 May 2016 21:31:17 GMT

@Anonymous wrote:
Hey yall! I have an offer on my current QS (current limit of $9k after I combined a Plat $5k and QS $4k in March) to PC to Venture (I honestly forgot if it was Venture or Venture One).
I have finally gotten "out of debt" and will be utilizing my CC's the smart way as in PIF every month and/or taking advantage of bal trans. offers.

Would PC'ing to the Venture automatically qualify me for higher CLIs? Or does it look "more prime" than the QS?
Thanks!

Congrats on your awesome progress!

To start with, "prime" is subjective, so only you can define that for yourself.

Here's what I would think about before moving forward:

First, there's quite a bit of difference between a Venture and a Venture One. I can see very little reason for someone with a QS to change to Venture One, because the rewards rate would be reduced, and you would have additional restrictions on rewards redemption. Sometimes folks will PC to a Venture One if they just 'need' to PC, for example to get upgraded to a World MasterCard (and even then they usually plan to PC right back to QS later on) but other than that it wouldn't make sense.

Second, if you are talking about a PC to a Venture, there's an AF involved - $59/year. So even at an increased rewards rate of 2% you would have to spend $12,000 each year to earn enough in rewards to make a Venture more rewarding than a Quicksilver.

If you're interested in a Venture, the best route is usually to apply for it, that way you can earn the new account bonus, and before the first year is over you can PC to a Quicksilver (avoiding the AF altogether).

Just my 2¢.

Side note: as far as 'looks' go, when someone looks at your credit file all they will see is 'Capital One' and an account number, not your rewards type.

Re: PC'ing QS to Venture?

Anonymous — Wed, 25 May 2016 00:55:59 GMT

@UncleB wrote:
@Anonymous wrote:
Hey yall! I have an offer on my current QS (current limit of $9k after I combined a Plat $5k and QS $4k in March) to PC to Venture (I honestly forgot if it was Venture or Venture One).
I have finally gotten "out of debt" and will be utilizing my CC's the smart way as in PIF every month and/or taking advantage of bal trans. offers.

Would PC'ing to the Venture automatically qualify me for higher CLIs? Or does it look "more prime" than the QS?
Thanks!

Congrats on your awesome progress!

To start with, "prime" is subjective, so only you can define that for yourself.

Here's what I would think about before moving forward:

First, there's quite a bit of difference between a Venture and a Venture One. I can see very little reason for someone with a QS to change to Venture One, because the rewards rate would be reduced, and you would have additional restrictions on rewards redemption. Sometimes folks will PC to a Venture One if they just 'need' to PC, for example to get upgraded to a World MasterCard (and even then they usually plan to PC right back to QS later on) but other than that it wouldn't make sense.

Second, if you are talking about a PC to a Venture, there's an AF involved - $59/year. So even at an increased rewards rate of 2% you would have to spend $12,000 each year to earn enough in rewards to make a Venture more rewarding than a Quicksilver.

If you're interested in a Venture, the best route is usually to apply for it, that way you can earn the new account bonus, and before the first year is over you can PC to a Quicksilver (avoiding the AF altogether).

Just my 2¢.

Side note: as far as 'looks' go, when someone looks at your credit file all they will see is 'Capital One' and an account number, not your rewards type.

Wow!! Good to know. I guess I will PC my Venture once it is eligible or combine it with my QS CL. How long does an account need to be open to qualify for this?

Re: PC'ing QS to Venture?

UncleB — Wed, 25 May 2016 01:09:01 GMT

@Anonymous wrote:
@UncleB wrote:
@Anonymous wrote:
Hey yall! I have an offer on my current QS (current limit of $9k after I combined a Plat $5k and QS $4k in March) to PC to Venture (I honestly forgot if it was Venture or Venture One).
I have finally gotten "out of debt" and will be utilizing my CC's the smart way as in PIF every month and/or taking advantage of bal trans. offers.

Would PC'ing to the Venture automatically qualify me for higher CLIs? Or does it look "more prime" than the QS?
Thanks!

Congrats on your awesome progress!

To start with, "prime" is subjective, so only you can define that for yourself.

Here's what I would think about before moving forward:

First, there's quite a bit of difference between a Venture and a Venture One. I can see very little reason for someone with a QS to change to Venture One, because the rewards rate would be reduced, and you would have additional restrictions on rewards redemption. Sometimes folks will PC to a Venture One if they just 'need' to PC, for example to get upgraded to a World MasterCard (and even then they usually plan to PC right back to QS later on) but other than that it wouldn't make sense.

Second, if you are talking about a PC to a Venture, there's an AF involved - $59/year. So even at an increased rewards rate of 2% you would have to spend $12,000 each year to earn enough in rewards to make a Venture more rewarding than a Quicksilver.

If you're interested in a Venture, the best route is usually to apply for it, that way you can earn the new account bonus, and before the first year is over you can PC to a Quicksilver (avoiding the AF altogether).

Just my 2¢.

Side note: as far as 'looks' go, when someone looks at your credit file all they will see is 'Capital One' and an account number, not your rewards type.
Wow!! Good to know. I guess I will PC my Venture once it is eligible or combine it with my QS CL. How long does an account need to be open to qualify for this?

If you want to PC a Venture to a QS you can pretty much try anytime... some people have even had luck with cards that are only a month or so old, other times it takes a little longer. The worst that can happen if you ask is they say no!

The account combination is a little more YMMV at the moment... it's advertised that each account should be at least six months old, but people have been able to combine recently with only one of the accounts over six months old. Adding to the confusion, there are some people who meet all the published criteria who for no obvious reason are not able to combine. Note that account combinations are only available online - if there is a problem a CSR is not able to assist (not even the EO can help).

Hope this helps!

Re: PC'ing QS to Venture?

Anonymous — Wed, 25 May 2016 01:10:43 GMT

The venture needs to be open 6 months and $0 balance. Don't PC to the venture though. That's not a good mood and I can't think of any benefit. It won't open you up to higher CLs

Re: PC'ing QS to Venture?

UncleB — Wed, 25 May 2016 01:11:34 GMT

Note about combining accounts: if you're eligible for a CLI (or about to be) be sure to get it before combining the accounts, since the combination itself will most likely reset your six month 'clock'.

A CLI will not impact your ability to combine.

Re: PC'ing QS to Venture?

Anonymous — Wed, 25 May 2016 01:12:56 GMT

The PC will 100% reset the clock because it's an increase in credit limits.

Re: PC'ing QS to Venture?

UncleB — Wed, 25 May 2016 01:26:49 GMT

@Anonymous wrote:
The PC will 100% reset the clock because it's an increase in credit limits.

I'm pretty darn sure it will (i.e. I agree!), but the last time I said something was 100% someone make a liar out of me, so unless we're talking about the sun setting in the west I refrain from absolutes now... LOL

Edit: you mean account combination, not PC, right?

Re: PC'ing QS to Venture?

Anonymous — Wed, 25 May 2016 01:39:44 GMT

Account combo, yes. My bad. I stay away from absolutes like CLIs or approvals or things of that nature. When it comes to resetting clocks..it's pretty certain and idc if someone calls me a liar or I am wrong. I don't have community leader tied to my name so I have no standards to uphold in that regard lol c

Re: PC'ing QS to Venture?

UncleB — Wed, 25 May 2016 01:48:21 GMT

@Anonymous wrote:
Account combo, yes. My bad. I stay away from absolutes like CLIs or approvals or things of that nature. When it comes to resetting clocks..it's pretty certain and idc if someone calls me a liar or I am wrong. I don't have community leader tied to my name so I have no standards to uphold in that regard lol c

Hey now, I thought you had high standards - otherwise what does that say about who you choose as your friends on here?

Re: PC'ing QS to Venture?

Anonymous — Wed, 25 May 2016 01:49:38 GMT

Haha. I don't purposely screw up! And I don't screw up too often actually.

Re: PC'ing QS to Venture?

UncleB — Wed, 25 May 2016 01:57:33 GMT

@Anonymous wrote:
Haha. I don't purposely screw up! And I don't screw up too often actually.

Nah, buddy you're fine. Just remember when somebody asks, you tell them you have "high standards" as to who you hang out with.

Re: PC'ing QS to Venture?

Anonymous — Wed, 25 May 2016 02:04:33 GMT

Fine.

Re: PC'ing QS to Venture?

Anonymous — Wed, 25 May 2016 18:20:12 GMT

@UncleB wrote:
@Anonymous wrote:
Hey yall! I have an offer on my current QS (current limit of $9k after I combined a Plat $5k and QS $4k in March) to PC to Venture (I honestly forgot if it was Venture or Venture One).
I have finally gotten "out of debt" and will be utilizing my CC's the smart way as in PIF every month and/or taking advantage of bal trans. offers.

Would PC'ing to the Venture automatically qualify me for higher CLIs? Or does it look "more prime" than the QS?
Thanks!

Congrats on your awesome progress!

To start with, "prime" is subjective, so only you can define that for yourself.

Here's what I would think about before moving forward:

First, there's quite a bit of difference between a Venture and a Venture One. I can see very little reason for someone with a QS to change to Venture One, because the rewards rate would be reduced, and you would have additional restrictions on rewards redemption. Sometimes folks will PC to a Venture One if they just 'need' to PC, for example to get upgraded to a World MasterCard (and even then they usually plan to PC right back to QS later on) but other than that it wouldn't make sense.

Second, if you are talking about a PC to a Venture, there's an AF involved - $59/year. So even at an increased rewards rate of 2% you would have to spend $12,000 each year to earn enough in rewards to make a Venture more rewarding than a Quicksilver.

If you're interested in a Venture, the best route is usually to apply for it, that way you can earn the new account bonus, and before the first year is over you can PC to a Quicksilver (avoiding the AF altogether).

Just my 2¢.

Side note: as far as 'looks' go, when someone looks at your credit file all they will see is 'Capital One' and an account number, not your rewards type.

Thank you very much for your 2 cents! It def makes sense, and I think I will just be sitting put.

Althoughhhhhh now I have another question. Is this World Mastercard viewed 'better' than Visa? I don't utlilize (more so because I don't think I know what they are) the benefits, but does World Mastercard offer more?

Re: PC'ing QS to Venture?

Anonymous — Wed, 25 May 2016 18:20:52 GMT

@Anonymous wrote:
The venture needs to be open 6 months and $0 balance. Don't PC to the venture though. That's not a good mood and I can't think of any benefit. It won't open you up to higher CLs

Thanks I agree. Don't think its of much benefit for me.

Re: PC'ing QS to Venture?

Anonymous — Wed, 25 May 2016 18:43:02 GMT

The two aren't really viewed differently and the CBs don't know which is which. Maybe their internal system sees something different but that isn't 100% confirmed

Re: PC'ing QS to Venture?

UncleB — Wed, 25 May 2016 20:34:56 GMT

@Anonymous wrote:
@UncleB wrote:
@Anonymous wrote:
Hey yall! I have an offer on my current QS (current limit of $9k after I combined a Plat $5k and QS $4k in March) to PC to Venture (I honestly forgot if it was Venture or Venture One).
I have finally gotten "out of debt" and will be utilizing my CC's the smart way as in PIF every month and/or taking advantage of bal trans. offers.

Would PC'ing to the Venture automatically qualify me for higher CLIs? Or does it look "more prime" than the QS?
Thanks!

Congrats on your awesome progress!

To start with, "prime" is subjective, so only you can define that for yourself.

Here's what I would think about before moving forward:

First, there's quite a bit of difference between a Venture and a Venture One. I can see very little reason for someone with a QS to change to Venture One, because the rewards rate would be reduced, and you would have additional restrictions on rewards redemption. Sometimes folks will PC to a Venture One if they just 'need' to PC, for example to get upgraded to a World MasterCard (and even then they usually plan to PC right back to QS later on) but other than that it wouldn't make sense.

Second, if you are talking about a PC to a Venture, there's an AF involved - $59/year. So even at an increased rewards rate of 2% you would have to spend $12,000 each year to earn enough in rewards to make a Venture more rewarding than a Quicksilver.

If you're interested in a Venture, the best route is usually to apply for it, that way you can earn the new account bonus, and before the first year is over you can PC to a Quicksilver (avoiding the AF altogether).

Just my 2¢.

Side note: as far as 'looks' go, when someone looks at your credit file all they will see is 'Capital One' and an account number, not your rewards type.
Thank you very much for your 2 cents! It def makes sense, and I think I will just be sitting put.

Althoughhhhhh now I have another question. Is this World Mastercard viewed 'better' than Visa? I don't utlilize (more so because I don't think I know what they are) the benefits, but does World Mastercard offer more?

You're welcome!

To have a 'World' MasterCard the credit limit on the account (usually) has to be over $5k. With Capital One, there is no clear path to a World MasterCard (a.k.a. WMC) upgrade; some people have contacted the EO to get upgraded to WMC (or Visa Signature) but generally the most pain-free way to get it is to change to another product once your credit line is over $5k. When you do this, usually the new card you get will have the 'World' designation. This (usually) works the same way with being upgraded to Visa Signature (for holders of a Visa platinum card).

The difference in the 'perks' are at the network-level, and for specific WMC info you can check here:

https://www.mastercard.us/en-us/consumers/find-card-products/credit-cards/world.html

I'll also note that specific to Capital One there is an exception to the WMC $5k credit line requirement: BuyPower Mastercard accounts usually come as a WMC regardless of the credit line (sometimes even under $1k). The $5k requirement seems to only matter with Capital One when it comes to Venture or QS. I'll also note that the $5k requirement also varies from issuer to issuer; the info here is specific to Capital One.

Re: PC'ing QS to Venture?

Absolution16 — Mon, 12 Sep 2016 23:05:27 GMT

OP,

How has your Cap1 experience been so far? I am barely getting into Cap1 world, so was just curious.