topic Re: Should I PC QS to Venture One? in Credit Cards

Should I PC QS to Venture One?

10022016 — Fri, 18 Aug 2017 18:07:37 GMT

I have two QS that were PC from other products and I was thinking about PC one of them to the no annul fee Venture One. I'll avoid Venture as I am a student and won't spend $3,000 in three months.

Edit: The purpose of this thread is to read the opinion of those who would oppose PC one of the duplicate QS to Venture One and to consider it before taking action. Since the Citi Double Cash already trumps QS at 2% cash back, I have decided that the QS has no practical purpose other than being in my collection. Therefore, to diversify my collection, I have decided to PC one of the QS to Venture one.

Thanks for all your opinion!

Re: Should I PC QS to Venture One?

simplynoir — Fri, 18 Aug 2017 16:41:55 GMT

@10022016 wrote:
I already have two QS that were PC from other products and I was thinking about PC one of them to the no annul fee Venture One. I'll avoid Venture as I am a student and won't spend $3,000 in three months.

Maybe if you were doing a PC to the Venture it would be worth it if you travel since it's a essentially a 2% travel rewards redemption but since that doesn't interest you you get slightly better earnings with the QS even if you have a duplicate so to speak. One thing to consider is maybe perhaps doing a combination and transferring over the limit of one QS to another and closing the account. I myself I've kept my two QS cards only because one of them is my oldest card so I don't know what your credit situation is to see if that's even an option you want to consider.

Re: Should I PC QS to Venture One?

Anonymous — Fri, 18 Aug 2017 16:51:19 GMT

No you shouldn't. The QS gives 1.5% cash back while the Venture One gives only 1.25% back and is only redemable for travel.

Re: Should I PC QS to Venture One?

10022016 — Fri, 18 Aug 2017 16:57:03 GMT

@simplynoir wrote:
@10022016 wrote:
I already have two QS that were PC from other products and I was thinking about PC one of them to the no annul fee Venture One. I'll avoid Venture as I am a student and won't spend $3,000 in three months.
...you get slightly better earnings with the QS even if you have a duplicate so to speak.

I don't understand. How so?

@simplynoir wrote:
@10022016 wrote:
I already have two QS that were PC from other products and I was thinking about PC one of them to the no annul fee Venture One. I'll avoid Venture as I am a student and won't spend $3,000 in three months.
One thing to consider is maybe perhaps doing a combination and transferring over the limit of one QS to another and closing the account.

I don't consider combining and closing an account a benefit. I don't have problems keeping track of cards.

Re: Should I PC QS to Venture One?

10022016 — Fri, 18 Aug 2017 16:58:18 GMT

@Anonymous wrote:
No you shouldn't. The QS gives 1.5% cash back while the Venture One gives only 1.25% back and is only redemable for travel.

I have two Quicksilver Capital One cards. Even if I PC one of them to Venture One, I'll still have a QS card remaining with 1.5% cash back.

Re: Should I PC QS to Venture One?

simplynoir — Fri, 18 Aug 2017 17:01:58 GMT

The way I see it there's no reason to change it unless you want to since the option you want to change it to serves no purpose for your needs it seems like.

Re: Should I PC QS to Venture One?

Anonymous — Fri, 18 Aug 2017 17:09:46 GMT

@10022016 wrote:
@Anonymous wrote:
No you shouldn't. The QS gives 1.5% cash back while the Venture One gives only 1.25% back and is only redemable for travel.
I have two Quicksilver Capital One cards. Even if I PC one of them to Venture One, I'll still have a QS card remaining with 1.5% cash back.

Doesn't make a difference. Two 1.5% cash back cards are better than one 1.5% cash back and one 1.25% travel credit.

Re: Should I PC QS to Venture One?

10022016 — Fri, 18 Aug 2017 17:14:46 GMT

@Anonymous wrote:
@10022016 wrote:
@Anonymous wrote:
No you shouldn't. The QS gives 1.5% cash back while the Venture One gives only 1.25% back and is only redemable for travel.
I have two Quicksilver Capital One cards. Even if I PC one of them to Venture One, I'll still have a QS card remaining with 1.5% cash back.
Doesn't make a difference. Two 1.5% cash back cards are better than one 1.5% cash back and one 1.25% travel credit.

I don't understand this as I, as you can see in my signature, use my Citi Double Cash Back card for 2% cash back and currently, I use my Discover for 5% cash back when dinning out. I am thinking about PC one of my QS to Venture One to reduce redundancy.

Re: Should I PC QS to Venture One?

Anonymous — Fri, 18 Aug 2017 17:15:42 GMT

@10022016 wrote:
@Anonymous wrote:
@10022016 wrote:
@Anonymous wrote:
No you shouldn't. The QS gives 1.5% cash back while the Venture One gives only 1.25% back and is only redemable for travel.
I have two Quicksilver Capital One cards. Even if I PC one of them to Venture One, I'll still have a QS card remaining with 1.5% cash back.
Doesn't make a difference. Two 1.5% cash back cards are better than one 1.5% cash back and one 1.25% travel credit.
I don't understand this as I, as you can see in my signature, use my Citi Double Cash Back card for 2% cash back and currently, I use my Discover for 5% cash back when dinning out. I am thinking about PC one of my QS to Venture One reduce redundancy.

And I don't understand why someone would turn a 1.5% cash back card into a 1.25% travel credit card. I understand not wanting two of the same card, but what's the point of you having the VentureOne? Why do you want that card?

Re: Should I PC QS to Venture One?

simplynoir — Fri, 18 Aug 2017 17:18:58 GMT

@10022016 wrote:
@Anonymous wrote:
@10022016 wrote:
@Anonymous wrote:
No you shouldn't. The QS gives 1.5% cash back while the Venture One gives only 1.25% back and is only redemable for travel.
I have two Quicksilver Capital One cards. Even if I PC one of them to Venture One, I'll still have a QS card remaining with 1.5% cash back.
Doesn't make a difference. Two 1.5% cash back cards are better than one 1.5% cash back and one 1.25% travel credit.
I don't understand this as I, as you can see in my signature, use my Citi Double Cash Back card for 2% cash back and currently, I use my Discover for 5% cash back when dinning out. I am thinking about PC one of my QS to Venture One to reduce redundancy.

If that's the case then SD them? I don't understand the want of PCing if you're not even gonna use the card(s). Like ALK11 said better to have 2 QS cards than PCing one to an inferior card.

Re: Should I PC QS to Venture One?

10022016 — Fri, 18 Aug 2017 17:53:42 GMT

@simplynoir wrote:
@10022016 wrote:
@Anonymous wrote:
@10022016 wrote:
@Anonymous wrote:
No you shouldn't. The QS gives 1.5% cash back while the Venture One gives only 1.25% back and is only redemable for travel.
I have two Quicksilver Capital One cards. Even if I PC one of them to Venture One, I'll still have a QS card remaining with 1.5% cash back.
Doesn't make a difference. Two 1.5% cash back cards are better than one 1.5% cash back and one 1.25% travel credit.
I don't understand this as I, as you can see in my signature, use my Citi Double Cash Back card for 2% cash back and currently, I use my Discover for 5% cash back when dinning out. I am thinking about PC one of my QS to Venture One to reduce redundancy.
If that's the case then SD them? I don't understand the want of PCing if you're not even gonna use the card(s). Like ALK11 said better to have 2 QS cards than PCing one to an inferior card.

To reduce the redundancy. I'm not the only one collecting cards here, as you can see in my signature. However; I'd like to read those who oppose it. A reminder: I already have a City Double Cash at 2% cash back which trumps both QS.

Re: Should I PC QS to Venture One?

HeavenOhio — Fri, 18 Aug 2017 17:20:48 GMT

There's zero benefit to changing a QS into a VentureOne. The QS is simply a better card. The rewards are higher, and redemption is more flexible.

There'd be possible benefit to PC-ing to a Venture. But you'd have to commit to spending $11,800 per year or more to exceed the QS's rewards value.

If Capital One were to offer product changes to their dining card in the future, I could see that being a reasonable option.

Re: Should I PC QS to Venture One?

10022016 — Fri, 18 Aug 2017 17:23:38 GMT

@Anonymous wrote:
@10022016 wrote:
@Anonymous wrote:
@10022016 wrote:
@Anonymous wrote:
No you shouldn't. The QS gives 1.5% cash back while the Venture One gives only 1.25% back and is only redemable for travel.
I have two Quicksilver Capital One cards. Even if I PC one of them to Venture One, I'll still have a QS card remaining with 1.5% cash back.
Doesn't make a difference. Two 1.5% cash back cards are better than one 1.5% cash back and one 1.25% travel credit.
I don't understand this as I, as you can see in my signature, use my Citi Double Cash Back card for 2% cash back and currently, I use my Discover for 5% cash back when dinning out. I am thinking about PC one of my QS to Venture One reduce redundancy.
And I don't understand why someone would turn a 1.5% cash back card into a 1.25% travel credit card. I understand not wanting two of the same card, but what's the point of you having the VentureOne? Why do you want that card?

I have a lot of cash back credit cards and Citi Double Cash trumps both the QS with 2% cash back. I'm not the only one collecting cards. It doesn't mean I have them for practical purposes.

Re: Should I PC QS to Venture One?

simplynoir — Fri, 18 Aug 2017 17:24:53 GMT

@HeavenOhio wrote:
There's zero benefit to changing a QS into a VentureOne. The QS is simply a better card. The rewards are higher, and redemption is more flexible.

There'd be possible benefit to PC-ing to a Venture. But you'd have to commit to spending $11,800 per year or more to exceed the QS's rewards value.

If Capital One were to offer product changes to their dining card in the future, I could see that being a reasonable option.

This is what I've been saying. I just...don't understand what the OP is trying to accomplish here. If you simply don't like the duplicate QS cards then by all means PC to the V1 but there's no practical reason to do it as some of us have been saying.

Re: Should I PC QS to Venture One?

10022016 — Fri, 18 Aug 2017 18:00:24 GMT

@simplynoir wrote:
@HeavenOhio wrote:
There's zero benefit to changing a QS into a VentureOne. The QS is simply a better card. The rewards are higher, and redemption is more flexible.

There'd be possible benefit to PC-ing to a Venture. But you'd have to commit to spending $11,800 per year or more to exceed the QS's rewards value.

If Capital One were to offer product changes to their dining card in the future, I could see that being a reasonable option.
This is what I've been saying. I just...don't understand what the OP is trying to accomplish here. If you simply don't like the duplicate QS cards then by all means PC to the V1 but there's no practical reason to do it as some of us have been saying.

Okay, I think the responses have helped me make a decision. I have a lot of cash back credit cards and the Citi Double Cash trumps both QS with 2% cash back. Since I have a numerous number of cash back credit cards in my signature, it appears that I collect them rather than have practical purposes for all those cards, hence, it would make sense to PC on of the QS card to Venture One to diversify my credit card collection. I CAN'T BE THE ONLY ONLY COLLECTING CARDS for the SAKE OF COLLECTING.

However, thanks for expressing your opinions!

Re: Should I PC QS to Venture One?

10022016 — Fri, 18 Aug 2017 17:39:20 GMT

@simplynoir wrote:
@HeavenOhio wrote:
There's zero benefit to changing a QS into a VentureOne. The QS is simply a better card. The rewards are higher, and redemption is more flexible.

There'd be possible benefit to PC-ing to a Venture. But you'd have to commit to spending $11,800 per year or more to exceed the QS's rewards value.

If Capital One were to offer product changes to their dining card in the future, I could see that being a reasonable option.
I just...don't understand what the OP is trying to accomplish here.

To diversify my credit card collection. As you can see in my signature, I have numerous redundant cash back credit cards and Citi Double Cash already trumps both QS at 2%, so the QS is more of a collection than having any practical purposes. However, I wanted to view people's opinion before taking action. Thanks for all your opinioin!

Re: Should I PC QS to Venture One?

Anonymous — Fri, 18 Aug 2017 17:46:25 GMT

Just combine both cards into one card with a bigger limit.

Re: Should I PC QS to Venture One?

Anonymous — Fri, 18 Aug 2017 17:51:38 GMT

@HeavenOhio wrote:
There's zero benefit to changing a QS into a VentureOne. The QS is simply a better card. The rewards are higher, and redemption is more flexible.

There'd be possible benefit to PC-ing to a Venture. But you'd have to commit to spending $11,800 per year or more to exceed the QS's rewards value.

If Capital One were to offer product changes to their dining card in the future, I could see that being a reasonable option.

No. Don't product change from QS to Venture. That would mean you lose out on 400 dollar sign-up bonus. Also 400 dollar sign up bonus would cover many years of 59 dollar annual fees.

Re: Should I PC QS to Venture One?

Anonymous — Fri, 18 Aug 2017 17:51:09 GMT

@10022016 wrote:
@Anonymous wrote:
@10022016 wrote:
@Anonymous wrote:
@10022016 wrote:
@Anonymous wrote:
No you shouldn't. The QS gives 1.5% cash back while the Venture One gives only 1.25% back and is only redemable for travel.
I have two Quicksilver Capital One cards. Even if I PC one of them to Venture One, I'll still have a QS card remaining with 1.5% cash back.
Doesn't make a difference. Two 1.5% cash back cards are better than one 1.5% cash back and one 1.25% travel credit.
I don't understand this as I, as you can see in my signature, use my Citi Double Cash Back card for 2% cash back and currently, I use my Discover for 5% cash back when dinning out. I am thinking about PC one of my QS to Venture One reduce redundancy.
And I don't understand why someone would turn a 1.5% cash back card into a 1.25% travel credit card. I understand not wanting two of the same card, but what's the point of you having the VentureOne? Why do you want that card?
I have a lot of cash back credit cards and Citi Double Cash trumps both the QS with 2% cash back. I'm not the only one collecting cards. It doesn't mean I have them for practical purposes.

If you are in the Garden since 2015 why don't you apply for Venture and get the sign up bonus. It is 400 dollars. If you cant meet the spend the Venture One has 200 signup bonus with 1000 spend over 3 months.

Re: Should I PC QS to Venture One?

noobody — Fri, 18 Aug 2017 18:41:00 GMT

I PCed QS to venture one, hope it will turn in to a World MasterCard.
It did not.
I will pc it back to QS when i feel like it.
I make NO purchase on either card, only occasional BT, so reward percentage means nothing to me.