Capital One Venture X question

[Mamba22]

On the pre-approval tool, for Venture X, I always get the decline, and for any of the other cards, it's always without the welcome offers. I did get a card with Capital One at the beginning of 2021 and closed it within 12 months.

For the Venture X pre-approval, I get the specific message of "too many open revolving accounts" and have seen some mention their worries about just being a churner. As it has been almost 2 years since I closed my last card, when I get past the 6-month mark of my most recent inquiry and opened a revolver account, is there anything else I can do to get into their good graces?

[GZG]

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@Mamba22 wrote:

On the pre-approval tool, for Venture X, I always get the decline, and for any of the other cards, it's always without the welcome offers. I did get a card with Capital One at the beginning of 2021 and closed it within 12 months.

For the Venture X pre-approval, I get the specific message of "too many open revolving accounts" and have seen some mention their worries about just being a churner. As it has been almost 2 years since I closed my last card, when I get past the 6-month mark of my most recent inquiry and opened a revolver account, is there anything else I can do to get into their good graces?

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how many inquires? what's your total number of revovlving accounts? what's your revovlving accounts in: /6, /12, /24? 

[Mamba22]

EX INQ: 8 in last year

EQ INQ: 1 in last year

TU INQ: 2 in  last year

Total revolving is about 13.

1/6, 3/12, 6/24

[drewricomakeubu]

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@Mamba22 wrote:

EX INQ: 8 in last year

EQ INQ: 1 in last year

TU INQ: 2 in  last year

Total revolving is about 13.

1/6, 3/12, 6/24

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I got approved for the VX but I froze my TU which had 10 inqs from a truck purchase. They're likely seeing your EX inqs and denying. Try freezing your EX and go from there. 

[youngandcreditwrthy]

what's your utiliztion?

cap one likes util. they don't seem to like a bunch of cards opened that have a zero balance.

[MikeyMagic]

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@youngandcreditwrthy wrote:

what's your utiliztion?

cap one likes util. they don't seem to like a bunch of cards opened that have a zero balance.

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This is a long way off for me because to get approved for the Venture X you need Cap1's definition of excellent credit(I’ve never declared bankruptcy or defaulted on a loan; I haven’t been more than 60 days late on any credit card, medical bill, or loan in the last year; I’ve had a loan or credit card for 3 years or more with a credit limit above $5,000.)

My question is if I was doing AZEO should I not do that for 1 month before applying for the Venture X? Basically should I leave small balances showing on my credit reports because as you said Cap1 likes that? I'm confused.

I'm also depressed because I'm 2 months into my credit journey and have 4 cards with very small limits. It's probably gonna take me 18-24 months to finally get a credit card with a $5000 CL or more. Then according to Cap1 I need to have that card for at least 3 years before I can apply for the Venture X smh. So I guess for me it'll probably take me 5 years to meet their qualifications. 

[Zoostation1]

@MikeyMagicTime is your friend, but Capital One will bend on appovals occasionally.  I got my VX before I was 2 yrs into my rebuild (granted I waited 4 yrs after filing a BK7 to start rebuilding).  It was the minimum CL at $10k, but for most of my rebuild Capital One has been getting significant spend and I've not paid them any interest so I think that was a factor.  I also don't have a ton of cards.  This was card 5 and that's more than enough for me at this point.

[Mamba22]

Currently, I put up to 29% on 2 cards and my AU (I don't use the card) is about 30% putting me at 13%. It's brought my score down and hoping that does something to be seen as profitable.

[youngandcreditwrthy]

dude Im stumped on the pre approvals with them too. they pre approve me for everything but the last itme I went for their pre approval, they put me through crazy hoops and I dont wnt that drama in my life lol. That venture card was useless as ti+s on a boar for me. Hope it would be good for you.

ive been reading on reddit that if you apply for the Excellent Version of a given Cap One card, they will show you which one they will approve you for in that line up.. you might not get the SUB, but it may be a way to get into the Venture Lineup?

[Zoostation1]

@youngandcreditwrthyThe only Venture offered in a no sub version is VentureOne.  Is that the one you're referring to?  I would agree that card is pretty useless.  I had it for 6 months when it was my only PC option to get rid of a QS1 and the $39 AF.  After those 6 months PCed again to QS.  I also don't think Cap One will normally allow VentureOne to get a PC any of the other Venture cards with it being MC while the others are Visa.  I think it can usually only PC to QS (in rare instances SavorOne has been an option).