topic Re: Cap1 kept my lower AF on Venture! in Credit Cards

Cap1 kept my lower AF on Venture!

pizza1 — Sun, 10 Mar 2019 16:02:53 GMT

Awhile back, Cap1 raised their AF on the Venture card to $95,(for new accounts) and I was wondering if they would eventually increase it all accounts. They didnt last year, and AF just hit, and it stayed the same again this year as well. Im not sure how long it will last, or if they can raise it since Ive had the card long before they did raise it on new accounts.

Re: Cap1 kept my lower AF on Venture!

HeavenOhio — Sun, 10 Mar 2019 16:20:44 GMT

I believe that not raising fees is part of their standard practice. I seem to recall others still paying $59, and I recall a report or two of people having old Ventures with no fee at all. This would be consistent with the fact that grandfathered Savor cards will be moving forward without the annual fee.

Re: Cap1 kept my lower AF on Venture!

delaney1 — Sun, 10 Mar 2019 16:22:31 GMT

AFAIK there are people who are paying no AF on Venture as they were grandfathered in when Cap One first started charging the AF. That’s good news for those of us who were grandfathered in at the $59. I hope it lasts.

Re: Cap1 kept my lower AF on Venture!

pizza1 — Sun, 10 Mar 2019 16:23:32 GMT

That is good to know. I felt this would be the practice for this to stay "as is", as I haven't received any notification from them it was changing. Last year we were kinda all wondering if it would, so I wanted to say that it didn't

Re: Cap1 kept my lower AF on Venture!

wasCB14 — Sun, 10 Mar 2019 18:26:33 GMT

I'm not sure what to make of Venture these days as far as the AF.

I used to be firmly in the "Why pay an AF for 2%, especially 2% towards travel? Just get it waived, or cancel/downgrade." camp.

However, they have added:

- TSA/GE

- Hotels.com bonus

- Transfer partners (ratios and partners are another matter, but it's something)

- And, I think, combining points with Savor

The bonus is good, but it's not a long-term factor.

Re: Cap1 kept my lower AF on Venture!

AverageJoesCredit — Sun, 10 Mar 2019 19:02:13 GMT

Congrats Pizza on being a GrandPappy?

Re: Cap1 kept my lower AF on Venture!

kdm31091 — Sun, 10 Mar 2019 19:26:55 GMT

They certainly can raise it, i.e. there's nothing saying they aren't allowed to, since you've had the card over a year. That said, in practice, it seems most people stay grandfathered in with regard to Capital One fees.

Re: Cap1 kept my lower AF on Venture!

Shooting-For-800 — Sun, 10 Mar 2019 19:51:50 GMT

I think they will always grandfather current customers in.

I pay $59 for Venture and $0 for Savor.

I doubt it is worth the backlash to try and raise the AF for old account holders.

Re: Cap1 kept my lower AF on Venture!

CreditCuriosity — Sun, 10 Mar 2019 20:29:44 GMT

It certainly can happen being the AF raise as other lenders have raised theirs see Amex for example as perks are added and probably will happen with chase as well w/regards to CSR since they are one of the lower AF high end travel cards. Nice to know cap1 is treating people good. Now only if they were easy to get, but they are very much anti churn card lender now days most likely due to their huge sign-up bonuses along with being an ABS lender and want people to spend on their cards vs. having tons of others

Re: Cap1 kept my lower AF on Venture!

Anonymous — Sun, 10 Mar 2019 21:58:37 GMT

@wasCB14 wrote:
I'm not sure what to make of Venture these days as far as the AF.

I used to be firmly in the "Why pay an AF for 2%, especially 2% towards travel? Just get it waived, or cancel/downgrade." camp.

However, they have added:
- TSA/GE
- Hotels.com bonus
- Transfer partners (ratios and partners are another matter, but it's something)
- And, I think, combining points with Savor

The bonus is good, but it's not a long-term factor.

This is definitely possible. I posted a thread regarding this awhile ago. Its great if you have the grandfathered Savor with no AF. You could have a 4% restaurant/entertianment card and 2% on everything else.

I just recently downgraded mine to the QS though. If I was fully in on cash back, I likely would had kept the Venture. BBP is now my non category spend card which made it redundant.

Re: Cap1 kept my lower AF on Venture!

wasCB14 — Sun, 10 Mar 2019 22:25:34 GMT

@Anonymous wrote:
This is definitely possible. I posted a thread regarding this awhile ago. Its great if you have the grandfathered Savor with no AF. You could have a 4% restaurant/entertianment card and 2% on everything else.

I just recently downgraded mine to the QS though. If I was fully in on cash back, I likely would had kept the Venture. BBP is now my non category spend card which made it redundant.

I do like BBP...so much so that I'm already 75%+ through my 2019 2x cap! I've got CFU with no cap, though, and for me CFU/CSR beats Venture/Savor even without AFs.

I got Savor for the $500, but may possibly keep it for a 2nd year to lessen the appearance of churning. Or I may just close it.

What are CapOne's policies surrounding bonus clawbacks? There are a few FT reports of Cap1 not refunding AFs after people have complained about the AF and downgraded their cards. Could I safely close a card or downgrade at 11.5 months and keep the $500?

Re: Cap1 kept my lower AF on Venture!

Anonymous — Sun, 10 Mar 2019 23:58:39 GMT

@wasCB14 wrote:
@Anonymous wrote:
This is definitely possible. I posted a thread regarding this awhile ago. Its great if you have the grandfathered Savor with no AF. You could have a 4% restaurant/entertianment card and 2% on everything else.

I just recently downgraded mine to the QS though. If I was fully in on cash back, I likely would had kept the Venture. BBP is now my non category spend card which made it redundant.
I do like BBP...so much so that I'm already 75%+ through my 2019 2x cap! I've got CFU with no cap, though, and for me CFU/CSR beats Venture/Savor even without AFs.

I got Savor for the $500, but may possibly keep it for a 2nd year to lessen the appearance of churning. Or I may just close it.

What are CapOne's policies surrounding bonus clawbacks? There are a few FT reports of Cap1 not refunding AFs after people have complained about the AF and downgraded their cards. Could I safely close a card or downgrade at 11.5 months and keep the $500?

I don’t think they have any strict policies so you should be fine. I just downgraded my venture at 9 months. Granted, i used up the 500$ already but I’ve never heard of them doing clawbacks. I guess to be on the safe side just downgrade it before the fee hits.

Only policy I’m aware of is that you can only be approved for one card every 6 months so theoretically you can get a SUB every 6 months if you are approved.