topic Re: Capital One - upgrade to Venture in Credit Cards

Capital One - upgrade to Venture

Anonymous — Sat, 15 Jul 2017 15:17:07 GMT

I currently have two cards with Capital One, Ventureone and Quicksilverone. I have been eyeing the Venture for quite a while but would rather save myself the three hard pulls.

Will CapOne allow upgrades to the venture or do I need to just bite the bullet and go for it? If so, what would the qualifications be to be able to upgrade?

Re: Capital One - upgrade to Venture

Anonymous — Sat, 15 Jul 2017 15:37:31 GMT

Try their upgrade link and see if your cards are qualified for an upgrade

Re: Capital One - upgrade to Venture

Anonymous — Sat, 15 Jul 2017 15:47:02 GMT

Do you know where the upgrade link can be found? I don't see it in the app.

Re: Capital One - upgrade to Venture

Anonymous — Sat, 15 Jul 2017 15:59:55 GMT

Here is the link that your looking for... good luck! https://verified.capitalone.com/sic-ui/#/esignin?Product=Card&Action=ProductUpgrade

Re: Capital One - upgrade to Venture

jawbrkr — Sat, 15 Jul 2017 17:46:06 GMT

I always wondered why CapOne made that link such a secret. There should be a link/tab on every account showing you when one is eligible for upgrades or promotions of any kind.

Re: Capital One - upgrade to Venture

Blodreina — Sat, 15 Jul 2017 17:51:34 GMT

@Anonymous wrote:
I currently have two cards with Capital One, Ventureone and Quicksilverone. I have been eyeing the Venture for quite a while but would rather save myself the three hard pulls.

Will CapOne allow upgrades to the venture or do I need to just bite the bullet and go for it? If so, what would the qualifications be to be able to upgrade?

If you want the Venture, why not go for any other 2% cashback card? The Venture is a 2% card that only redeems for travel (with an annual fee). The Double Cash, PayPal Cashback, Blispay, the PenFed Power Cash (if you have the PenFed checking account) are all 2% that you can redeem for statement credits unrestricted.

Re: Capital One - upgrade to Venture

HeavenOhio — Sat, 15 Jul 2017 22:17:26 GMT

The Venture tends to be approved with a relatively high limit. PenFed may rival that, but Citi and Blispay are unlikely to even come close. I have no clue about PayPal.

The downsides to the Venture are the annual fee and the triple-pull. But there'll be no more hard pulls after the card is approved. $11,800 in annual spending will make up for the fee when compared to a 1.5% reward card. That may or may not be a factor, depending on your plans for using the card.

Re: Capital One - upgrade to Venture

Anonymous — Sat, 15 Jul 2017 19:08:36 GMT

Thanks for the info. I was told by someone that Capone usually does not approve for two cards within a 6 month period. Is that true in your experience?

Re: Capital One - upgrade to Venture

Anonymous — Sat, 15 Jul 2017 22:12:10 GMT

Why would you want to product change to Venture? The card has a big sign up bonus that you would miss out on. Just apply for the card if you want it.

Re: Capital One - upgrade to Venture

MrDisco99 — Sun, 16 Jul 2017 00:14:23 GMT

Yeah the signup bonus is really the only reason to get this card. Otherwise it's just a 2% cash back card with limited redemption options and an annual fee.

Re: Capital One - upgrade to Venture

HeavenOhio — Sun, 16 Jul 2017 00:27:19 GMT

It's worth considering if credit limit is a priority.

Re: Capital One - upgrade to Venture

NRB525 — Sun, 16 Jul 2017 14:09:08 GMT

@Anonymous wrote:
Thanks for the info. I was told by someone that Capone usually does not approve for two cards within a 6 month period. Is that true in your experience?

Yes, I think that is now a limitation at Capital One., waiting six months between apps.

What are the exact application dates for your two existing cards?

While it may save a HP on each bureau to upgrade, that $400 sign up bonus is a real cash return for the pain. Nobody pays you to keep your HP in the bank.

A new Cap One card is more likely to get a higher starting limit, and have a future higher ceiling, than your existing Cap One cards.