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How come Cap1 denied my app for Venture?

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Loquat
Moderator Emeritus

Re: How come Cap1 denied my app for Venture?

That could very well be...I never app'd for the Venture...didn't want the annual fee and I already had 2 QS's...

Message 31 of 42
masscredit
Senior Contributor

Re: How come Cap1 denied my app for Venture?


@Legions36 wrote:

Actually I made a mistake on the title of this thread. I just realized that I applied for "Venture One" which seems to be a difference of approvals and denials when I looked up old threads.


So which one is harder to get? I think it's the Venture with a $59 AF and better rewards structure. Cap 1 lists excellent credit as -

 

Do BOTH of these describe you?

I have never declared bankruptcy or defaulted on a loan. I have not been more than 60 days late on any credit card, medical bill, or loan in the last year.

- AND -
I have had a loan or credit card for 3 years or more with a credit limit above $5,000.

 

I've defaulted on loans (mortgages) and had a BK (2009) but I have cards that they say require excellent credit. I'm not complaining about that. Just hard to figure out.

EQ - 687 / TU - 667 / EX - 678

Capital One Savor - $16000 / Capital One Venture - $13000 / Travel Advantage Visa - $11500 / TD Cash Card - $7500 / Bread Rewards AMEX - $6950 / Apple Card - $6500 / TD Double Up - $5500 / Mercury - $5000 / Ally Master Card - $4300 / DCU Visa - $3000 / Capital One QuickSilver - $500
$79,750
DCU Auto Loan
Message 32 of 42
bodyboy1
Established Contributor

Re: How come Cap1 denied my app for Venture?


@Legions36 wrote:

Actually I made a mistake on the title of this thread. I just realized that I applied for "Venture One" which seems to be a difference of approvals and denials when I looked up old threads.


> then >   that just Makes it Worst!   because Venture is higher than Venture One..  But listen..   it's Not You!   & Capital One is just being Tempermental with you...   & just so you know..   it Makes me laugh when people ask   oh who do they pull?   & Can you telll me which Credit Report they pull>?   & they pull something else   (someone ask's who..   i say   trans union)  & they pull  experian!  oh well to Bad!     When a lender pulls all 3 they get the Whole picture of you, very smart.   people will apply to a bank with the hopes of them pulling only 1 lender..  No.    things are changing,  Capital one is not the 1st to do it..   they do it all the time,  Capital one is not a crap bank  they are very strange,   but Once you have your foot in the door  (You Do!)   don't push,   be   easy...  be patient   & and as for the Annual fee  everyone is diff:   i'll pay the fee! to have a Venture   i'll pay $395 for the Black card  You are diff: than everyone else   & when you listen to people   & they put so much stuff in your head!   Capital one is giving you a hard time rite now!.. you have plenty of cards to use...   Use the Capital one card..  put spend on it!  & pay!  watch what happens   keep using & paying & checking the pre-Qualifier..  When it comes up Apply!   You have to check every day!   Make it a game!

Amazon 5K. AMEX PRG 35kPOT./AMEX MAG 15k. BARNEYS 28.7k. Banana. BAO. CITI Bestbuy/Bloomies 15k/Diamond/Thanku/Macy's 15k. Chase/Freedom. DiscoveriT 13.5K/Chrome. FRONTGATE 4K. Jetblue 5.7K. JCrew 7k. JCPenney 5k. Ring 10k. Sear's MC 11.3k. SAKS 5K SamsClub 10K. Target MC 8.4k. Walmart 6k. Wayfair 4.8k... be good to yourself!
Message 33 of 42
bodyboy1
Established Contributor

Re: How come Cap1 denied my app for Venture?


@masscredit wrote:

@Legions36 wrote:

Actually I made a mistake on the title of this thread. I just realized that I applied for "Venture One" which seems to be a difference of approvals and denials when I looked up old threads.


So which one is harder to get? I think it's the Venture with a $59 AF and better rewards structure. Cap 1 lists excellent credit as -

 

Do BOTH of these describe you?

I have never declared bankruptcy or defaulted on a loan. I have not been more than 60 days late on any credit card, medical bill, or loan in the last year.

- AND -
I have had a loan or credit card for 3 years or more with a credit limit above $5,000.

 

I've defaulted on loans (mortgages) and had a BK (2009) but I have cards that they say require excellent credit. I'm not complaining about that. Just hard to figure out.


>   hello..  i have to comment>  i had a BK 2010 if u went to go get a MTG today..   & i was looking at What i see ( What U Showed) i would take your Middle Score  even though it's lower  i would still jump to 720 & say you have excellent credit   & grant you $300k to buy that house,   LOL  Smiley Happy  Venture is harder to get,  keep up the good Work  & always check that prequalifier  & always check the (excellent) box!   Have high expectations!

Amazon 5K. AMEX PRG 35kPOT./AMEX MAG 15k. BARNEYS 28.7k. Banana. BAO. CITI Bestbuy/Bloomies 15k/Diamond/Thanku/Macy's 15k. Chase/Freedom. DiscoveriT 13.5K/Chrome. FRONTGATE 4K. Jetblue 5.7K. JCrew 7k. JCPenney 5k. Ring 10k. Sear's MC 11.3k. SAKS 5K SamsClub 10K. Target MC 8.4k. Walmart 6k. Wayfair 4.8k... be good to yourself!
Message 34 of 42
Loquat
Moderator Emeritus

Re: How come Cap1 denied my app for Venture?


@masscredit wrote:

@Legions36 wrote:

Actually I made a mistake on the title of this thread. I just realized that I applied for "Venture One" which seems to be a difference of approvals and denials when I looked up old threads.


So which one is harder to get? I think it's the Venture with a $59 AF and better rewards structure. Cap 1 lists excellent credit as -

 

Do BOTH of these describe you?

I have never declared bankruptcy or defaulted on a loan. I have not been more than 60 days late on any credit card, medical bill, or loan in the last year.

- AND -
I have had a loan or credit card for 3 years or more with a credit limit above $5,000.

 

I've defaulted on loans (mortgages) and had a BK (2009) but I have cards that they say require excellent credit. I'm not complaining about that. Just hard to figure out.



My thoughts exactly.  My Ch. 13 is post 2.5 years and I've got a QS Visa and (2) VentureOne cards and they both say that they require excellent credit.  And I've had all of them for a little while now and my Ch.13 was (and still is according to some lenders) fresh.  I never got the prequal to pop for the VentureOne cards or the QS Visa...it would only show me the QS1...I just took a chance on apping for the V1's and it worked.  Now I will say that I did have my QS1 and PlayStation Visa for almost a year before I app'd for the others.

Message 35 of 42
masscredit
Senior Contributor

Re: How come Cap1 denied my app for Venture?


@bodyboy1 wrote:

@masscredit wrote:

@Legions36 wrote:

Actually I made a mistake on the title of this thread. I just realized that I applied for "Venture One" which seems to be a difference of approvals and denials when I looked up old threads.


So which one is harder to get? I think it's the Venture with a $59 AF and better rewards structure. Cap 1 lists excellent credit as -

 

Do BOTH of these describe you?

I have never declared bankruptcy or defaulted on a loan. I have not been more than 60 days late on any credit card, medical bill, or loan in the last year.

- AND -
I have had a loan or credit card for 3 years or more with a credit limit above $5,000.

 

I've defaulted on loans (mortgages) and had a BK (2009) but I have cards that they say require excellent credit. I'm not complaining about that. Just hard to figure out.


>   hello..  i have to comment>  i had a BK 2010 if u went to go get a MTG today..   & i was looking at What i see ( What U Showed) i would take your Middle Score  even though it's lower  i would still jump to 720 & say you have excellent credit   & grant you $300k to buy that house,   LOL  Smiley Happy  Venture is harder to get,  keep up the good Work  & always check that prequalifier  & always check the (excellent) box!   Have high expectations!


I did that after reading this thread last night. It said I could get either one. Temping. Not that I need it but the rewards would be nice. I'd hope for at starting CL of $10K plus if I go for it. Still trying to get the combination link to work so I can roll my Venure One limit into my QS.

EQ - 687 / TU - 667 / EX - 678

Capital One Savor - $16000 / Capital One Venture - $13000 / Travel Advantage Visa - $11500 / TD Cash Card - $7500 / Bread Rewards AMEX - $6950 / Apple Card - $6500 / TD Double Up - $5500 / Mercury - $5000 / Ally Master Card - $4300 / DCU Visa - $3000 / Capital One QuickSilver - $500
$79,750
DCU Auto Loan
Message 36 of 42
bodyboy1
Established Contributor

Re: How come Cap1 denied my app for Venture?

so you're pre qualified for the venture and venture one and you did not app for lt!? And when you try to combine the existing accounts you have it won't go through?
Amazon 5K. AMEX PRG 35kPOT./AMEX MAG 15k. BARNEYS 28.7k. Banana. BAO. CITI Bestbuy/Bloomies 15k/Diamond/Thanku/Macy's 15k. Chase/Freedom. DiscoveriT 13.5K/Chrome. FRONTGATE 4K. Jetblue 5.7K. JCrew 7k. JCPenney 5k. Ring 10k. Sear's MC 11.3k. SAKS 5K SamsClub 10K. Target MC 8.4k. Walmart 6k. Wayfair 4.8k... be good to yourself!
Message 37 of 42
bodyboy1
Established Contributor

Re: How come Cap1 denied my app for Venture?

Ok let me say this, you know that one of the accounts has to be 0, you also know both accounts have to be over 6 months old.. it will go, it just takes time. However the pre qualified, doesn't always come around, you know what I'm saying
Amazon 5K. AMEX PRG 35kPOT./AMEX MAG 15k. BARNEYS 28.7k. Banana. BAO. CITI Bestbuy/Bloomies 15k/Diamond/Thanku/Macy's 15k. Chase/Freedom. DiscoveriT 13.5K/Chrome. FRONTGATE 4K. Jetblue 5.7K. JCrew 7k. JCPenney 5k. Ring 10k. Sear's MC 11.3k. SAKS 5K SamsClub 10K. Target MC 8.4k. Walmart 6k. Wayfair 4.8k... be good to yourself!
Message 38 of 42
Imperfectfuture
Super Contributor

Re: How come Cap1 denied my app for Venture?


@Anonymous wrote:

Cap One "Excellent Credit" is defined on the web site

 

  • have never declared bankruptcy or defaulted on a loan. I have not been more than 60 days late on any credit card, medical bill, or loan in the last year.



    - AND -
  • I have had a loan or credit card for 3 years or more with a credit limit above $5,000

 

So not a very high barrier (e.g. you can have 30 day lates this year, or older 60+ lates)

 

I would wonder if the last reason isn't key, they are saying you appear to already have enough credit.


Cap One is tightening up again.

Signature needs updating
Message 39 of 42
Imperfectfuture
Super Contributor

Re: How come Cap1 denied my app for Venture?


@masscredit wrote:

The # is 1 (800) 955-1455. You probably won't get though. Most likely will have to e-mail them then wait for a call. They are usually pretty quick. Within a couple of days.

 

Good luck! 


This number no longer works, only goes to customer service.  You need a pin.  I have one, but I will not be calling until it's crunch time (April).

Signature needs updating
Message 40 of 42
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