topic Re: CapitalOne VentureOne in Credit Cards

CapitalOne VentureOne

scottwagnon — Fri, 14 Dec 2012 01:37:44 GMT

APPROVED!! picture and hear slot machine winning!!!!

finally!!! my friends at FICO. I DID IT!!! FINALLY!!! YES!!!!!!!

CREDIT LIMIT: 3000 INTRO PURCHASE APR: 0% until december 1st 2013!/19.9% standard apr

10k bonus miles after purchase of 500 dollars in the first three months of activation.

this is a HUGE milestone for me.... those of you that have been following my post know i have been trying to get this card for almost two years now.

i was initially declined, but took the advice of myFICO friends and emailed capitalone. now unlike most of you that emailed, you received a call first from EO to ask for information, and experienced results afterward.

in my case it was the reverse. i received not only a cli on my cash rewards, but also a ventureOne approval as well, then i got the call.

Re: CapitalOne VentureOne

Epcot — Wed, 05 Dec 2012 00:37:22 GMT

That's great, Congrats!

Re: CapitalOne VentureOne

L-TWT — Wed, 05 Dec 2012 00:46:03 GMT

@scottwagnon wrote:
APPROVED!! picture and hear slot machine winning!!!!

finally!!! my friends at FICO. I DID IT!!! FINALLY!!! YES!!!!!!!

CREDIT LIMIT: 3000 INTRO PURCHASE APR: 0% until december 2013!/20% standard apr

10k bonus miles after purchase of 500 dollars in the first three months of activation.

this is a HUGE milestone for me.... those of you that have been following my post know i have been trying to get this card for almost two years now.

i was initially declined, but took the advice of myFICO friends and emailed capitalone. now unlike most of you that emailed, you received a call first from EO to ask for information, and experienced results afterward.

in my case it was the reverse. i received not only a cli on my cash rewards, but also a ventureOne approval as well, then i got the call.

Congrats!!!.....no matter the goal/achievement......persistence is key! And based upon your "font color" I should be GREEN with ENVY!

Re: CapitalOne VentureOne

scottwagnon — Wed, 05 Dec 2012 00:54:22 GMT

i now will have 8k total credit limit available to me via capitalone.

Re: CapitalOne VentureOne

scottwagnon — Wed, 05 Dec 2012 03:58:59 GMT

bump to make sure everyone that has been eager to know (that is if anyone is actually interested in knowing) that i finally did get approved.

i must say now, i have to wonder, because it turns out that my cash rewards card is over half as rewarding as having a venture without the af.. but now at least i can feel free to use a capone card for two reasons. 1) 0% apr until 12/31/13 and 10k bonus miles after 500 spend within three months.

Re: CapitalOne VentureOne

Anonymous — Wed, 05 Dec 2012 03:27:31 GMT

Congratulations, It is also on my short list for future, although I do prefer cash back for rewards. like my Capital One No Hassle Cash Back ($3500 CL).

Re: CapitalOne VentureOne

BearsAndTurtlesRtheBest — Wed, 05 Dec 2012 03:41:19 GMT

Yeah! thats excellent and exciting news I hardly see any approvals from VENTURE ONE! Feel proud!

Re: CapitalOne VentureOne

tennisfan78 — Wed, 05 Dec 2012 04:02:26 GMT

wow Congrats!!!

Re: CapitalOne VentureOne

HiLine — Wed, 05 Dec 2012 05:25:19 GMT

Congratulations! Wow I can really see you excited you are!!!

Re: CapitalOne VentureOne

zyzzus — Wed, 05 Dec 2012 15:58:40 GMT

Re: CapitalOne VentureOne

Anonymous — Wed, 05 Dec 2012 16:12:42 GMT

Congrats, thats awesome

Re: CapitalOne VentureOne

distantarray — Wed, 05 Dec 2012 16:59:56 GMT

@scottwagnon wrote:
bump to make sure everyone that has been eager to know (that is if anyone is actually interested in knowing) that i finally did get approved.

i must say now, i have to wonder, because it turns out that my cash rewards card is over half as rewarding as having a venture without the af.. but now at least i can feel free to use a capone card for two reasons. 1) 0% apr until 12/31/13 and 10k bonus miles after 500 spend within three months.

i often wondered if Capital one Venture with Annual fee is even ever worth it for most people.

1.5% cash back no annual fee with 10k spending = $150

2.0% points $59 annual fee $2,950 spending would be required to offset the annual fee. So if you spent 10k for the year $141 in rewards after paying the annual fee.

So if you spend under 10k annually on the venture cards will lose out =\

Although if you spend a lot more than that it should be fine, but come on we're on a credit card forum lol, we never settle on one card. The chances we're ONLY going to be using this card for 10k+ a year chances are pretty low even at 150k income. Why? Cause chances are we've got other cards to use for most our expenses lol

1. BCP or PenFED for groceries at 5-6%

2. PenFED or TrueEarnings for 4-5% gas

3. US Bank Cash+ for billpay and restaurants (usually)

4. Citi Forward 5 points for restaurants and entertainment / amazon

5. Amex Gold/Platinum for travel or CSP etc

6. Starwood for hotels etc lol

and don't even get into 5% categories

reward chasers probably won't benefit from annual fee cards in most cases. I only keep two. BCP and CSP. Cause $25 of groceries offsets the annual cost, and CSP cause having a 0% transaction card that's a Visa is worth it for me by itself but it feels my 10/10 + 5% freedom categories very lucrative =)

Congrats on the approval it was your goal! but sometimes after you got it you think about it more and it's like hmmmm.... lol

Re: CapitalOne VentureOne

Anonymous — Wed, 05 Dec 2012 17:04:27 GMT

Congrats , I trying my best to get away from crap1 when I clean my credit report . Lol

Re: CapitalOne VentureOne

Walt_K — Wed, 05 Dec 2012 17:11:59 GMT

@distantarray wrote:
@scottwagnon wrote:
bump to make sure everyone that has been eager to know (that is if anyone is actually interested in knowing) that i finally did get approved.

i must say now, i have to wonder, because it turns out that my cash rewards card is over half as rewarding as having a venture without the af.. but now at least i can feel free to use a capone card for two reasons. 1) 0% apr until 12/31/13 and 10k bonus miles after 500 spend within three months.
i often wondered if Capital one Venture with Annual fee is even ever worth it for most people.

1.5% cash back no annual fee with 10k spending = $150
2.0% points $59 annual fee $2,950 spending would be required to offset the annual fee. So if you spent 10k for the year $141 in rewards after paying the annual fee.

So if you spend under 10k annually on the venture cards will lose out =\

Although if you spend a lot more than that it should be fine, but come on we're on a credit card forum lol, we never settle on one card. The chances we're ONLY going to be using this card for 10k+ a year chances are pretty low even at 150k income. Why? Cause chances are we've got other cards to use for most our expenses lol

A lot of people's spending is vastly disproportionate to their income. I have a lot of reimburseable business travel expenses, so I spend over 100K per year on my credit cards. Obviously there are people with small businesses that spend a great deal more, though generally I would imagine they are running that through business cards.

Re: CapitalOne VentureOne

distantarray — Wed, 05 Dec 2012 17:30:55 GMT

@Walt_K wrote:
@distantarray wrote:
@scottwagnon wrote:
bump to make sure everyone that has been eager to know (that is if anyone is actually interested in knowing) that i finally did get approved.

i must say now, i have to wonder, because it turns out that my cash rewards card is over half as rewarding as having a venture without the af.. but now at least i can feel free to use a capone card for two reasons. 1) 0% apr until 12/31/13 and 10k bonus miles after 500 spend within three months.
i often wondered if Capital one Venture with Annual fee is even ever worth it for most people.

1.5% cash back no annual fee with 10k spending = $150
2.0% points $59 annual fee $2,950 spending would be required to offset the annual fee. So if you spent 10k for the year $141 in rewards after paying the annual fee.

So if you spend under 10k annually on the venture cards will lose out =\

Although if you spend a lot more than that it should be fine, but come on we're on a credit card forum lol, we never settle on one card. The chances we're ONLY going to be using this card for 10k+ a year chances are pretty low even at 150k income. Why? Cause chances are we've got other cards to use for most our expenses lol

A lot of people's spending is vastly disproportionate to their income. I have a lot of reimburseable business travel expenses, so I spend over 100K per year on my credit cards. Obviously there are people with small businesses that spend a great deal more, though generally I would imagine they are running that through business cards.

yep i understand that fine, but businesses usually primarily use Amex for good reasons =)

and even if your running company expenses there are better cards or categories etc. if your traveling for business a lot I'm sure people would use Amex more for Platinum benefits, or Starwood for hotel benefits which greatly exceeds 2% for Starwood hotels. Value per Starpoint can be worth 2-5 cents easy. also Starwood points can get a 25% bonus at 20k points.

If you look at all the options doesn't mean people do, but for a lot of things considered Venture card isn't bad, but I think there are much better options out there for businesses, but for personal expense I can't see someone racking 10k+ on the venture card for a middle to upper middle class family. If your in high class society there are better cards to choose from, and most of us here are reward chasers so most won't get to spend that much =\

Remember Amex was originally a travel company before credit / charge cards, their travel benefits are still top of the industry =)

Re: CapitalOne VentureOne

scottwagnon — Fri, 14 Dec 2012 04:28:10 GMT

Re: CapitalOne VentureOne

bichonmom — Fri, 14 Dec 2012 05:24:07 GMT

Congratulations!

Your persistence and patience finally paid off. Enjoy your new card!

Re: CapitalOne VentureOne

Jutz — Fri, 14 Dec 2012 05:29:16 GMT

Awesome! Congrats!

Re: CapitalOne VentureOne

scottwagnon — Tue, 18 Dec 2012 00:26:01 GMT

process complete.

when the card arrived today, i was a bit dissapointed as numbering of the card is blackened, which is dissapointing to me. i wanted a card with shiny silver numbers like my cap one cash rewards. when i have happened to have noticed other cards, they looked better then when i see it now. perhaps it is only signature cards that get the better embossing than i do. i don't know, probably perception i guess.