topic Re: CapitalOne PC Platinum→Venture One (I have fair credit) in Credit Cards

CapitalOne PC Platinum→Venture One (I have fair credit)

cellymoon — Wed, 15 Feb 2023 17:37:17 GMT

Hello everyone. Apologies if I posted this in the wrong place or if this is well known already; I saw threads from recent years with people asking/speculating if anyone had PCed a Platinum directly to Venture One without PCing the Platinum to Quicksilver first, but didn't find anyone confirming it was possible. (Clarification: I got the PC offer through the upgrade link found on this forum, but I haven't accepted it.)

I've been planning on (possibly) applying for the QS, which CapitalOne keeps showing me pre-qualification offers for every time I open the app, log in, or visit their CreditWise thing. But I decided to try the Capital One product upgrade link from this forum first, just to see what it did, not expecting anything to show up.

It was just a big white area for about 10 seconds, then suddenly, this:

https://imgur.com/a/TLaG4FW (sorry, can't insert the image)

The Platinum (unsecured) card is just about 1 year old now. It had a $2000 SL and I just got a CLI request approved so it's now at $3500.

FICO8: EX 656 EQ 643 TU 646

I really don't travel anywhere lately, so it doesn't seem like the Venture One would make sense for me over the QS, but it kind of surprised me as someone rebuilding with a lot of derogs from 5-6 years ago that haven't yet fallen off my report. Though the superficial side of me is super tempted to ignore logic, just because it vaguely sounds "more prime" (I'm kidding, mostly.) and I still have a Merrick and a $425 Self in my wallet. UPDATE: Plus 1 hr after posting this I got a USPS Informed Delivery pre-approved offer for a Fortiva Mastercard?

Again, sorry if this is a common thing and I've missed it searching somehow—just thought I'd mention this here for DP for anyone wondering/searching in the future.

Re: CapitalOne PC Platinum→Venture One (I have fair credit)

SpaceCityCCuser — Wed, 15 Feb 2023 14:55:33 GMT

I got that same offer about 2 years ago! I was in shock as well. Congratulations on the PC.

Re: CapitalOne PC Platinum→Venture One (I have fair credit)

NoMoreE46 — Wed, 15 Feb 2023 15:19:14 GMT

Welcome to myFICO @cellymoon .

Thanks for your post. It isn't clear to me but did you accept the offer for the V1?

One needs to rank up to 'Member' before you will be granted permission to upload images.

PS, I would shred that Fortiva offer.

@cellymoon wrote:
Hello everyone. Apologies if I posted this in the wrong place or if this is well known already; I saw threads from recent years with people asking/speculating if anyone had PCed a Platinum directly to Venture One (without PCing the Platinum to Quicksilver first), but didn't find anyone confirming it was possible.

I've been planning on (possibly) applying for the QS, which CapitalOne keeps showing me pre-qualification offers for every time I open the app, log in, or visit their CreditWise thing. But I decided to try the Capital One product upgrade link from this forum first, just to see what it did, not expecting anything to show up.

It was just a big white area for about 10 seconds, then suddenly, this:

https://imgur.com/a/TLaG4FW (sorry, can't insert the image)

The Platinum (unsecured) card is just about 1 year old now. It had a $2000 SL and I just got a CLI request approved so it's now at $3500.

FICO8: EX 656 EQ 643 TU 646

I really don't travel anywhere lately, so it doesn't seem like the Venture One would make sense for me over the QS, but it kind of surprised me as someone rebuilding with a lot of derogs from 5-6 years ago that haven't yet fallen off my report. (Though the superficial side of me is super tempted to ignore logic, just because it vaguely sounds "more prime"... and I still have a Merrick and a $425 Self in my wallet. UPDATE: And 1 hr after posting this I got a USPS Informed Delivery pre-approved offer for a Fortiva Mastercard?)

Again, sorry if this is a common thing and I've missed it searching somehow—just thought I'd mention this here as a DP for anyone wondering/searching in the future.

Re: CapitalOne PC Platinum→Venture One (I have fair credit)

cellymoon — Wed, 15 Feb 2023 16:10:12 GMT

@NoMoreE46 No, I did not accept the offer.

I'm not sure whether I want to PC it to a Quicksilver, or apply for a new Quicksilver.

I love the idea of adding a Venture One card to my tiny collection of cards to replace the Self or the Merrick card, since Venture One normally requires good credit (unlike the Quicksilver One) but the miles seem less useful than 1.5% cashback for me.

And yes, the odd Fortiva mailer really threw me. My scores have been "up" and I haven't been getting those kind of offers for some time (with the exception of the persistent CreditOne Amex...). It came the same day I got approved for the Apple Card and got the Venture One PC offer. Definitely going in the shredder.

Re: CapitalOne PC Platinum→Venture One (I have fair credit)

NoMoreE46 — Wed, 15 Feb 2023 16:20:50 GMT

Appreciate the clarification.

From your linked image, (I copied it for ease) the left half offer is the Quick Silver. This a $0 AF (vs. the Quick Silver One with a $39 AF.)

While perceived status shouldn't matter, do know that this QS is typically for 'good credit' just like the right half Venture One offer. In the eyes' of Capital One, you have improved your standing...

You noted travelling; I will say that the Venture card will most likely be beyond your reach currently.

In your shoes, I'd accept one of those two take-me offers right now and forgo the possibility of apping for another new card while taking a guaranted HP across the three CRAs.

Re: CapitalOne PC Platinum→Venture One (I have fair credit)

Hex — Wed, 15 Feb 2023 17:09:23 GMT

@cellymoon

Honestly I see the Venture One as rebuilder card. The Quicksilver can be a prime or a rebuilder card and no one will know which one you have (if your thinking about your profile). Also the Quicksilver will yeild you more cashback (especially if you don't travel). But either of them will yield you more than you're currently getting which is awesome. You can't really lose. Congratulations.

Re: CapitalOne PC Platinum→Venture One (I have fair credit)

GZG — Wed, 15 Feb 2023 17:22:26 GMT

@Hex wrote:
@cellymoon
Honestly I see the Venture One as rebuilder card. The Quicksilver can be a prime or a rebuilder card and no one will know which one you have (if your thinking about your profile). Also the Quicksilver will yeild you more cashback (especially if you don't travel). But either of them will yield you more than you're currently getting which is awesome. You can't really lose. Congratulations.

agree with this

VentureOne is the rebuilder, psuedo travel card that doesn't really make much sense.

Perhaps you can get more than 1.5x value out of the miles with the Venture One, but you should look into how that might work for you. My best guess is that it won't be worth the effort if you can even do better than 1.5x cash back with specific redemption options with the V1.

Accept the quicksilver, nobody will know the status of your card and you have a nice limit catchall card until you get something new.

Re: CapitalOne PC Platinum→Venture One (I have fair credit)

cellymoon — Wed, 15 Feb 2023 18:11:54 GMT

Just wanted to say thank you to everyone who's replied and given advice.

I think I am going to follow it and go for the PC to Quicksilver instead of apping for a new card.

My only (vague) reasons for thinking about opening a 2nd card were:

To add more available CL and cancel the Self/Merrick (AF, low limit, doesn't grow)
I've seen people make comments multiple times like "Once a platinum card it's always platinum to CapitalOne no matter what it says on the account." (I can't find the threads right now—I don't know how serious they were.)
CapitalOne keeps telling me to apply for the QS, but no PC offer except on the /productupgrade backdoor URL found in these forums.
This is just my own weird speculation, but: I was worried if I PCed to a card I was less qualified for, CLIs on that card might become harder to get. I was happy with the $1500 CLI on my Platinum, and thought if I'm stretching it by getting a card for better credit than I have, they might be less willing to raise the limit in the future. Could be just the opposite for all I know.

Those had been my thoughts, but I am pretty convinced a PC to the QS is the right move.

P.S. Been awake for a long time so probably rambling; really just wanted to let the above people know I'm very grateful for your advice on this. It's a big deal to me.

Re: CapitalOne PC Platinum→Venture One (I have fair credit)

Hex — Wed, 15 Feb 2023 18:30:43 GMT

@cellymoon

You might want to consider getting a Discover It card. They can start low but they're not bucketed and will grow with time. Discover has a pretty accurate prequal. Just check it every so often until they say you're prequalified and then apply. For Capital One you will have better results once you've built some history with them. Wait until your scores are higher and your file is thicker and then apply for the Capital One card you like best.

Re: CapitalOne PC Platinum→Venture One (I have fair credit)

Anonymalous — Thu, 16 Feb 2023 03:57:05 GMT

@cellymoon wrote:
Just wanted to say thank you to everyone who's replied and given advice.

I think I am going to follow it and go for the PC to Quicksilver instead of apping for a new card.

My only (vague) reasons for thinking about opening a 2nd card were:

To add more available CL and cancel the Self/Merrick (AF, low limit, doesn't grow)
I've seen people make comments multiple times like "Once a platinum card it's always platinum to CapitalOne no matter what it says on the account." (I can't find the threads right now—I don't know how serious they were.)
CapitalOne keeps telling me to apply for the QS, but no PC offer except on the /productupgrade backdoor URL found in these forums.
This is just my own weird speculation, but: I was worried if I PCed to a card I was less qualified for, CLIs on that card might become harder to get. I was happy with the $1500 CLI on my Platinum, and thought if I'm stretching it by getting a card for better credit than I have, they might be less willing to raise the limit in the future. Could be just the opposite for all I know.
Those had been my thoughts, but I am pretty convinced a PC to the QS is the right move.

P.S. Been awake for a long time so probably rambling; really just wanted to let the above people know I'm very grateful for your advice on this. It's a big deal to me.

Regarding point 2, it's kinda true and kinda not. My first card was an unsecured Platinum, which I was able to product change to a Quicksilver after 6 months. The APR didn't change, and in fact it's been rising as the prime rate has risen, and is currently a relatively obscene 31.24%.

I'll be stuck with an out-of-the-normal-range-APR for a Quicksilver forever, but despite that, my card's a Quicksilver. I get 1.5% cash back, I have access to the Uber One offer if I want, and it was upgraded to a World Elite Mastercard (with quite a few of the network benefits) when everyone's cards were upgraded. Add in virtual cards, no FTF, good online offers, and just about the easiest redemption out there, and I think it's an underrated card.

If you're worried about bucketing, I don't think that has anything to do with whether it's a Platinum or a Quicksilver. It's based on your profile, at the time of application. But while it can be a pain to get a CL to grow, and you can never be sure if it will, it does happen, and seems to be happening more frequently in the last few months. For instance, my card was stuck at its original starting limit of $300 for 18 months, and then on New Years Eve they increased it to $3,300.

Incidentally, I used the /productupgrade link myself. I've never seen an offer to upgrade on my offers page, though they did once prequalify me for a Savor One (the details of the offer fell in between the versions for good and excellent credit).

Re: CapitalOne PC Platinum→Venture One (I have fair credit)

OmarGB9 — Thu, 16 Feb 2023 03:53:02 GMT

@cellymoon wrote:
Just wanted to say thank you to everyone who's replied and given advice.

I think I am going to follow it and go for the PC to Quicksilver instead of apping for a new card.

My only (vague) reasons for thinking about opening a 2nd card were:

To add more available CL and cancel the Self/Merrick (AF, low limit, doesn't grow)
I've seen people make comments multiple times like "Once a platinum card it's always platinum to CapitalOne no matter what it says on the account." (I can't find the threads right now—I don't know how serious they were.)
CapitalOne keeps telling me to apply for the QS, but no PC offer except on the /productupgrade backdoor URL found in these forums.
This is just my own weird speculation, but: I was worried if I PCed to a card I was less qualified for, CLIs on that card might become harder to get. I was happy with the $1500 CLI on my Platinum, and thought if I'm stretching it by getting a card for better credit than I have, they might be less willing to raise the limit in the future. Could be just the opposite for all I know.
Those had been my thoughts, but I am pretty convinced a PC to the QS is the right move.

P.S. Been awake for a long time so probably rambling; really just wanted to let the above people know I'm very grateful for your advice on this. It's a big deal to me.

I'll respond point by point.

1. Fair point, but there's no rush. As we say commonly around here, credit is a marathon, not a race.

2. Yes, generally if you apply and get approved for a Capital One starter/rebuilder card, it generally gets "bucketed" no matter how much your credit improves afterwards. Cards are difficult to grow usually.But it has nothing to do with whether it's a Platinum, Quicksilver, or SavorOne. It's based on what your credit profile was at the time of application.

3. Probably just marketing. Not necessarily a preapproval.

4. Not to worry, they wouldn't offer you a PC if you didn't qualify for it. CLIs are hit or miss honestly. Plus if you're bucketed, it won't grow much (if at all) regardless.

Re: CapitalOne PC Platinum→Venture One (I have fair credit)

OmarGB9 — Thu, 16 Feb 2023 03:54:44 GMT

@cellymoon wrote:
Just wanted to say thank you to everyone who's replied and given advice.

I think I am going to follow it and go for the PC to Quicksilver instead of apping for a new card.

My only (vague) reasons for thinking about opening a 2nd card were:

To add more available CL and cancel the Self/Merrick (AF, low limit, doesn't grow)
I've seen people make comments multiple times like "Once a platinum card it's always platinum to CapitalOne no matter what it says on the account." (I can't find the threads right now—I don't know how serious they were.)
CapitalOne keeps telling me to apply for the QS, but no PC offer except on the /productupgrade backdoor URL found in these forums.
This is just my own weird speculation, but: I was worried if I PCed to a card I was less qualified for, CLIs on that card might become harder to get. I was happy with the $1500 CLI on my Platinum, and thought if I'm stretching it by getting a card for better credit than I have, they might be less willing to raise the limit in the future. Could be just the opposite for all I know.
Those had been my thoughts, but I am pretty convinced a PC to the QS is the right move.

P.S. Been awake for a long time so probably rambling; really just wanted to let the above people know I'm very grateful for your advice on this. It's a big deal to me.

I'll respond point by point.

1. Fair point, but there's no rush. As we say commonly around here, credit is a marathon, not a race.

3. Probably just marketing. Not necessarily a preapproval.

4. Not to worry, they wouldn't offer you a PC if you didn't qualify for it. CLIs are hit or miss honestly. Plus if you're bucketed, it won't grow much (if at all) regardless.

Re: CapitalOne PC Platinum→Venture One (I have fair credit)

OniStringer — Thu, 16 Feb 2023 04:04:07 GMT

@cellymoon wrote:
Hello everyone. Apologies if I posted this in the wrong place or if this is well known already; I saw threads from recent years with people asking/speculating if anyone had PCed a Platinum directly to Venture One without PCing the Platinum to Quicksilver first, but didn't find anyone confirming it was possible. (Clarification: I got the PC offer through the upgrade link found on this forum, but I haven't accepted it.)

I've been planning on (possibly) applying for the QS, which CapitalOne keeps showing me pre-qualification offers for every time I open the app, log in, or visit their CreditWise thing. But I decided to try the Capital One product upgrade link from this forum first, just to see what it did, not expecting anything to show up.

It was just a big white area for about 10 seconds, then suddenly, this:

https://imgur.com/a/TLaG4FW (sorry, can't insert the image)

The Platinum (unsecured) card is just about 1 year old now. It had a $2000 SL and I just got a CLI request approved so it's now at $3500.

FICO8: EX 656 EQ 643 TU 646

I really don't travel anywhere lately, so it doesn't seem like the Venture One would make sense for me over the QS, but it kind of surprised me as someone rebuilding with a lot of derogs from 5-6 years ago that haven't yet fallen off my report. Though the superficial side of me is super tempted to ignore logic, just because it vaguely sounds "more prime" (I'm kidding, mostly.) and I still have a Merrick and a $425 Self in my wallet. UPDATE: Plus 1 hr after posting this I got a USPS Informed Delivery pre-approved offer for a Fortiva Mastercard?

Again, sorry if this is a common thing and I've missed it searching somehow—just thought I'd mention this here for DP for anyone wondering/searching in the future.

Where did you find the upgrade link if you by any chance can PM me?

Re: CapitalOne PC Platinum→Venture One (I have fair credit)

Anonymalous — Thu, 16 Feb 2023 04:31:16 GMT

@OniStringer wrote:
Where did you find the upgrade link if you by any chance can PM me?

It's an open secret. Log in to your Capital One account, click on your card, and then look at the URL bar. After the "=" at the end of the URL, type in "/productupgrade", and hit return.