CAPITAL ONE VENTURE APPROVAL ODDS

[YoungB718]

Interested in app'ing for the Venture card.  My FICO scores are accurate as of 2 days ago (759/785/744) with an AAOA of (2.5/3.4/3) and a total inquiry count of (11/17/13).  I'd also like to add that I haven't any lates or derogatory accounts.  I've read that Capial One can be inquiry sensitive at times and many of my inquiries wont fall off until the end of the year.  If I have to wait, then I'm okay with that but I'd really like to take of advantage of the 50k mile signup bonus.  Also, my utilization is around 10%. I'd apprecitate the imput of anyone who may have been approved/denied with a similar profile.  Thanks in advance      ***FYI...can't seem to ever get a pre-qualified option***

[steelers1]

From what you described you should be good to go.

I have had 2 Ventures over the past few years and I wasn't pre-approved either.

The pre-approvals are hit and miss.

[frank784]

I was preapproved for the Venture with scores under 700. Income around 135K....instant approval of 20K. I would think you would be good to go as your scores are good and utilization is low. They are pretty aggressive with starting limits too! Let us know how it goes.

[Anonymous]

I think your good to go....applying for a credit product is always a crap shoot.

[YoungB718]

All set! Your application is complete.

Thank you for submitting an application for a Capital One credit card! Notification of your application status will typically be sent in 7 to 10 business days; however, in certain circumstances it may take up to 15 days.

*** I ALWAYS HATE THIS MESSAGE***

[CreditCuriosity]

---

wrote:

All set! Your application is complete.

Thank you for submitting an application for a Capital One credit card! Notification of your application status will typically be sent in 7 to 10 business days; however, in certain circumstances it may take up to 15 days.

*** I ALWAYS HATE THIS MESSAGE***

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Sounds like an approval...  Cap1 usually will decline you right away if they want to.  Most likely verification or trying to figure out APR/SL... Call in a day or so and get an update on status.  I think you are good to go as Cap1 7 to 10 days is different than most lenders 7-10 days (which usually means a denial for other lenders).  This isn't the case for Cap1.

[Shooting-For-800]

"7-10-15 days"...

This is the exact message I got when I was pre-approved for my last Venture.

3 days later I called in, they verified information, and I got $30k at 13.99% !

I about fell over.

Cap One is slowing down the instant approvals on high limits.

I have also been approved for several Cap One cards WITHOUT preapprovals.

[Anonymous]

Don't fret over this message. You have a solid profile. And I'm betting approved. 

Quite frankly cap1 lately has been giving most people this 7-10 day message .Myself included .And what it is, is a fraud verification. I tried calling in but it was a weekend. Well THEY called ME at 4:50 and left a voicemail to call in between 8 and 5 .I saw it at 5 and they were closed by then . So Monday morning I gave them a ring and verified my identity by answering a few questions. She said another 3-5 business days I will hear from them .Next day got an email saying my card was on the way. Also I read this forum every single day .No joke .And many many people lately have been getting the same dreaded message saying the same thing and end up coming back with an approved update .Im quite sure you will be ok .As stated above it would have Probaly been outright denied if they didn't want you .Best of luck and let us know .

[MrDisco99]

Those of you who got approved, how long had it been since your previous most recent new account?  And how many new accounts in the last 6/12 months?

I really want this card, too, especially with the new hotels.com promotion, but I'm afraid my recent app history (see sig) has me in credit card purgatory for a while.  My current inquiry counts in the last 12 months are 8/9/5.

I also wonder if underwriting for the VentureOne might not be as strict?

[Anonymous]

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wrote:

Those of you who got approved, how long had it been since your previous most recent new account?  And how many new accounts in the last 6/12 months?

I really want this card, too, especially with the new hotels.com promotion, but I'm afraid my recent app history (see sig) has me in credit card purgatory for a while.  My current inquiry counts in the last 12 months are 8/9/5.

I also wonder if underwriting for the VentureOne might not be as strict?

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I read an entire Reddit thread of seemingly endless denials back in October which kept me from applying then. In December, I applied and was instantly approved (SL 15K) with the below data points: 

Cold App

AAoA:
7yr11mo

Double Pull
Inquiries:
EX FICO 8 - 9 ||| Score: 730
TU FICO 8 - 8 |||  Score: 737

The approval letter showed a Bankcard 2 or 4 score of only 700. I can’t remember anything more specific than that. Apologies. 

Last Opened Account:
BoA Premium Rewards - October
Discover it - October
Barclaycard Red Aviator - October

New Accounts:

10 in previous 7 months. 

4 in previous 4 months. 

3 in previous 3 months. 

I hope this helps. But I do think this was an aberration from all of the data points I saw on Reddit.