topic Re: Venture Card in Credit Cards

Venture Card

Hex — Tue, 17 Oct 2017 13:57:20 GMT

I just noticed that the Cap1 Venture Card offered on the capital one site offers 50,000 bonus miles for $3K spend in the first 90 days with AF of $95. I was just pre-qualified and approved for 40,000 bonus miles with the same spending requirement and AF of $59. I didn't realized that there is more than one offer out there and wanted to share the info with everyone.

Re: Venture Card

Anonymous — Tue, 17 Oct 2017 14:08:05 GMT

@Hex wrote:
I just noticed that the Cap1 Venture Card offered on the capital one site offers 50,000 bonus miles for $3K spend in the first 90 days with AF of $95. I was just pre-qualified and approved for 40,000 bonus miles with the same spending requirement and AF of $59. I didn't realized that there is more than one offer out there and wanted to share the info with everyone.

Oh my! This must be new. I just checked the Cap 1 site after reading your post and it stated 40,000 miles for $3K spend in 90 days with $95 annual fee after first year. When I was approved earlier this year, it was 40,000 miles for $3k in the first 90 days with $59 annual fee after the first year---same as your offer. Wonder how many offers are floating around. Things that make you go "hmmm".

That is a pretty steep jump in annual fee. Wonder if the annual fee will be increased for current card holders after their first year? Can Cap 1 do that?

Re: Venture Card

Anonymous — Tue, 17 Oct 2017 14:12:22 GMT

What's the math breakdown on this?

$500 for $95 versus $400 for $59.

So year one is $64 bonus on the bigger offer, but year two it's only a $28 bonus and year three you're underwater?

Means close that card at 364 days or recon a decrease in AF?

Re: Venture Card

Hex — Tue, 17 Oct 2017 14:17:45 GMT

I think AF is waived for the first year on all offers.

Re: Venture Card

Hex — Tue, 17 Oct 2017 14:19:46 GMT

I was approved for 40,000 miles $59 AF with a pre-qualify this morning. The other offer on the website is showing this morning as well.

Re: Venture Card

Hex — Tue, 17 Oct 2017 14:22:56 GMT

ABCD,
I'm guessing as far as the fee goes they can do whatever they want. I honestly do think they will raise the fee on preexisting accounts and annoy their customers.

Re: Venture Card

simplynoir — Tue, 17 Oct 2017 14:24:07 GMT

That's interesting because I just app'd for the Venture yesterday and I never even bothered to check what exactly the terms where since I figured they never changed bonus/AF wise.

Re: Venture Card

Hex — Tue, 17 Oct 2017 14:24:25 GMT

How'd I get demoted to a new contributor.?

Re: Venture Card

Anonymous — Tue, 17 Oct 2017 14:24:43 GMT

Congrats!

Will you be calling and see if they can change it?

Re: Venture Card

Hex — Tue, 17 Oct 2017 14:33:29 GMT

I'd rather get the smaller bonus with the smaller fee. $95 might make me want to PC right before the fee hits next year. I like the card and I am willing to let cap2 make $59 a year form me. I'll get it all back with bonuses anyway. Plus I love Cap one and I'd be fine paying them $59 a year. I want them to think it's worth having me as a customer.

Re: Venture Card

Hex — Tue, 17 Oct 2017 14:42:37 GMT

Can you get demoted on this site? Cause it looks like I just did 😩

Re: Venture Card

Anonymous — Tue, 17 Oct 2017 15:03:42 GMT

@Hex wrote:
I'd rather get the smaller bonus with the smaller fee. $95 might make me want to PC right before the fee hits next year. I like the card and I am willing to let cap2 make $59 a year form me. I'll get it all back with bonuses anyway. Plus I love Cap one and I'd be fine paying them $59 a year. I want them to think it's worth having me as a customer.

That's cool! Did they offer the metal card? or is it just for the 50k offer? just curious if you know.

Re: Venture Card

Hex — Tue, 17 Oct 2017 15:17:44 GMT

Im pretty sure it's the metal cad but I won't know for sure until I get it. I thinking it should be siggy card too. But won't know for 7 to 10 days for sure. I'll update when get it.

Re: Venture Card

Anonymous — Tue, 17 Oct 2017 16:04:25 GMT

@Hex wrote:
I just noticed that the Cap1 Venture Card offered on the capital one site offers 50,000 bonus miles for $3K spend in the first 90 days with AF of $95. I was just pre-qualified and approved for 40,000 bonus miles with the same spending requirement and AF of $59. I didn't realized that there is more than one offer out there and wanted to share the info with everyone.

What justifies the annual fee increase? An extra $100 on the signup bonus which is limited to travel isn't worth it IMO.

They literally added $36 to the annual fee to give you... Nothing.

For $95 a year I can get the Citi TY Premier, Chase Sapphire Preferred, AMEX Blue Cash Preferred, or Everyday Preferred... All of which are way better than Capital One's offering and can transfer to partner programs. Capital One, instead of improving their weak, outdated offerings (1.5% QS, 2x $95 with no transfer partners Venture) they're making them worse.

Re: Venture Card

Anonymous — Tue, 17 Oct 2017 17:33:00 GMT

@Anonymous wrote:
@Hex wrote:
I just noticed that the Cap1 Venture Card offered on the capital one site offers 50,000 bonus miles for $3K spend in the first 90 days with AF of $95. I was just pre-qualified and approved for 40,000 bonus miles with the same spending requirement and AF of $59. I didn't realized that there is more than one offer out there and wanted to share the info with everyone.
What justifies the annual fee increase? An extra $100 on the signup bonus which is limited to travel isn't worth it IMO.

They literally added $36 to the annual fee to give you... Nothing.

For $95 a year I can get the Citi TY Premier, Chase Sapphire Preferred, AMEX Blue Cash Preferred, or Everyday Preferred... All of which are way better than Capital One's offering and can transfer to partner programs. Capital One, instead of improving their weak, outdated offerings (1.5% QS, 2x $95 with no transfer partners Venture) they're making them worse.

Yes, you're right about those cards being better...but OP already has the Venture and i dont think it will be wise for OP to apply for one of the cards you mentioned since there will be an additional spending to be met. Technically, OP would be paying $36 more for 10,000 points which = $100 worth of travel credits, not "nothing". Not bad IMO.

Re: Venture Card

Hex — Tue, 17 Oct 2017 18:41:51 GMT

Only Capital One knows me well enough to trust me with a prime credit card. I had a BK DC'd in 7/2016 and Citi, Amex and Chase would have denied me anyway. Only cap1 sees that I alway PIF and have paid off half of a 4 year car loan in 10 months.

Re: Venture Card

Anonymous — Tue, 17 Oct 2017 20:14:25 GMT

I just looked at the site and it’s 50k/3k/3m/$59af.

I just got this card almost a month ago. I may try my luck at seeing if they will honor the 50k. Anyone ever have any luck with Cap1 on this?

Re: Venture Card

Anonymous — Tue, 17 Oct 2017 20:59:50 GMT

@Anonymous wrote:
@Anonymous wrote:
@Hex wrote:
I just noticed that the Cap1 Venture Card offered on the capital one site offers 50,000 bonus miles for $3K spend in the first 90 days with AF of $95. I was just pre-qualified and approved for 40,000 bonus miles with the same spending requirement and AF of $59. I didn't realized that there is more than one offer out there and wanted to share the info with everyone.
What justifies the annual fee increase? An extra $100 on the signup bonus which is limited to travel isn't worth it IMO.

They literally added $36 to the annual fee to give you... Nothing.

For $95 a year I can get the Citi TY Premier, Chase Sapphire Preferred, AMEX Blue Cash Preferred, or Everyday Preferred... All of which are way better than Capital One's offering and can transfer to partner programs. Capital One, instead of improving their weak, outdated offerings (1.5% QS, 2x $95 with no transfer partners Venture) they're making them worse.

Yes, you're right about those cards being better...but OP already has the Venture and i dont think it will be wise for OP to apply for one of the cards you mentioned since there will be an additional spending to be met. Technically, OP would be paying $36 more for 10,000 points which = $100 worth of travel credits, not "nothing". Not bad IMO.

I was explaining for the 2nd year and after.

Re: Venture Card

Anonymous — Tue, 17 Oct 2017 23:10:05 GMT

@Hex wrote:
I'd rather get the smaller bonus with the smaller fee. $95 might make me want to PC right before the fee hits next year. I like the card and I am willing to let cap2 make $59 a year form me. I'll get it all back with bonuses anyway. Plus I love Cap one and I'd be fine paying them $59 a year. I want them to think it's worth having me as a customer.

I would rather have the better bonus as the annual fee is wavied the first year. The card serves no purpose after the first year as there are plenty of 2 percent cash back cards.

Re: Venture Card

CreditCuriosity — Tue, 17 Oct 2017 23:22:10 GMT

@Anonymous wrote:
@Hex wrote:
I'd rather get the smaller bonus with the smaller fee. $95 might make me want to PC right before the fee hits next year. I like the card and I am willing to let cap2 make $59 a year form me. I'll get it all back with bonuses anyway. Plus I love Cap one and I'd be fine paying them $59 a year. I want them to think it's worth having me as a customer.
I would rather have the better bonus as the annual fee is wavied the first year. The card serves no purpose after the first year as there are plenty of 2 percent cash back cards.

Agree and not a real 2% card only for travel expenses or gift cards and comes with an AF as their are plenty of 0 AF cards out. Should just PC before a year is up to the QS. It is a easy 50k points though for most that dont mind 3 HPs and can get approved with their slightly more rigid UW meaning if you opened to many accounts recently chances arent as good as for others that haven't unless you got a pre-qual then pretty golden.