Capitalone Venture offer in app?

myquestionsfico · ‎01-11-2021

So I actually was surprised to get an offer - other than auto refinancing - from CapitalOne. Not sure if they are offering me a chance to apply (which isn't much of an offer), or I'm pre-selected/pre-approved. Anyone seen one of these lately, and know what it actually means?

FinStar · ‎01-11-2021

It's an invitation to apply with the offer presented, not pre-approved.

hawkins · ‎01-12-2021

From my experience when they offer that in the app like that its a pretty solid offer. Its always a risk with the triple pull nonsense they do but while never guaranteed I would say you are 70% of the way there already. I had the same a couple years ago and got it so never hurts to try if thats the route you want to take.

myquestionsfico · ‎01-12-2021

I hate the triple pull, and with low starting limits and few CLI's - I've been with them since 2008 - I think I'm going to take a hard pass.

OmarGB9 · ‎01-12-2021

@hawkins wrote:
From my experience when they offer that in the app like that its a pretty solid offer. Its always a risk with the triple pull nonsense they do but while never guaranteed I would say you are 70% of the way there already. I had the same a couple years ago and got it so never hurts to try if thats the route you want to take.

While I've never personally experienced it, I don't think the OP's post is a true pre approval. It looks more like an invitation to apply, especially since it has an APR range, not a fixed one.

Last App: 1/10/2023
Penfed Gold Visa Card

Currently rebuilding as of 04/11/2019.

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myquestionsfico · ‎01-12-2021

@OmarGB9 wrote:
@hawkins wrote:
From my experience when they offer that in the app like that its a pretty solid offer. Its always a risk with the triple pull nonsense they do but while never guaranteed I would say you are 70% of the way there already. I had the same a couple years ago and got it so never hurts to try if thats the route you want to take.
While I've never personally experienced it, I don't think the OP's post is a true pre approval. It looks more like an invitation to apply, especially since it has an APR range, not a fixed one.

I was thinking the same due to the range....great call out.

Meanmchine · ‎01-12-2021

I agree,

A triple pull = deal killer

>3/2016 EX 644 CK-TU 642 CK-EQ 660 WalMart- 671.
>7/2025 All 3 reports 830 - 845(F8) F9s = all 850 but my app finger is still twitching

myquestionsfico · ‎01-15-2021

Update: I got an email invitation as well, saying that since I'm such a good customer...blah blah blah...and it linked out to the offer, which had 3 different interest rates (dependent on my credit). So it looks like a soft offer and not pre-approved (but I'd likely get it). Their rates are awful high, so I'm not interested.

Question - are CapOne rates ever competitive? I have a card of theirs that I opened in 2008, and the rate is 8.49%, which is awesome, but they won't ever let me do a CLI on it (because of the rate, I suspect). They'd rather give me another card at a much higher rate.