Cap 1 Venture denial. Anything I can do? UPDATED 2/2/2017

[Anonymous]

Got denied for capital one venture card last night. I was kinda bummed. Since my BK7 DC date April 2016, I'm managed to get cap1 quicksilver (now CL 3500), Barclays Carnival a World Mastercard (3,000), Wal Mart CC (1,400), and Discover (1,000). Utilization is 7%, with perfect payments and decent usage on each card.

i only use credit karma, and capital one credit wise for a credit score, and my scores are 665 for trans union and credit wise, and 679 for Equifax.

They are sending me a denial letter within 7-10 days, but my question is, is there anything I can do? Do they have a recon line? Anything?

Really want this card for the rewards, and tthen go to the garden.

Thanks for your help,

Pizza

[steelers1]

Your BK is realtively new.

I would wait 6 months then reapply.

I was over a year post discharge before I got approved for the Venture @ $10k.

[EAJuggalo]

Scores look a little low for a Venture, that is CapOne's top card.  Depending on what your actual FICOs are.  I'd wait until you've had the QS for a year then app again.  And probably app for a Venture One instead.

[Anonymous]

If you're wanting it for the rewards, you could always contact Cap 1 through chat and see if an upgrade is available for on your QS. You wouldn't get the sign up bonus, but would be able to get the 2X miles on what you use on your card. And you could still apply later for a second Venture for the bonus and eventually roll the two cards into one.

[Anonymous]

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@Anonymous wrote:

Got denied for capital one venture card last night. I was kinda bummed. Since my BK7 DC date April 2016, I'm managed to get cap1 quicksilver (now CL 3500), Barclays Carnival a World Mastercard (3,000), Wal Mart CC (1,400), and Discover (1,000). Utilization is 7%, with perfect payments and decent usage on each card.

i only use credit karma, and capital one credit wise for a credit score, and my scores are 665 for trans union and credit wise, and 679 for Equifax.

They are sending me a denial letter within 7-10 days, but my question is, is there anything I can do? Do they have a recon line? Anything?

Really want this card for the rewards, and tthen go to the garden.

Thanks for your help,

Pizza

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Cap1 does not recon.

Don't ever go by credit wise to determine your credit score. Creditwise is the Vantage 3 score. Cap1 does NOT use the Vantage 3 score to determine your creditworthiness, they use FICO.

It would be in your best interest to know your real FICO scores.

It's going to be a while before you get Venture with a BK showing that's been Discharged less than a year.

[Anonymous]

When did you get your Quicksilver? Cap's policy is six months between applications. 

[Anonymous]

Thanks for everyone's help. Much appreciated. I'm anxious to see my reason for denial. I'd assume BK, or score not high enough.

i got my QS1 in June.

[Shooting-For-800]

Venture is a real card.  9 months out of BK and a bunch of inquiries and new accounts would make it very tough to get approved.

[Aduke1122]

Sorry about the denial OP ,.just some thoughts for you I also use credit karma and Credit wise , but I also pay for my fico scores monthly . My CK and credit wise scores are all 670 and above but my REAL SCORES ARE right at 650 a little above ..that 20.pts can make a big difference when apping for top tier cards. I would check out your real scores . I only use CK and CW as a tool only , I never rely on the scores from them.

[Anonymous]

You may have a shot at Venture One, I was turned down for Venture but approved for Venture One at 3k then given a CLI to 6k about a month later.