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To PC or not to PC...that is the question.

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Anonymous
Not applicable

To PC or not to PC...that is the question.

Cap one offered to PC my QS1 to a Venture or Venture one today.  I got very excited at first and then realized a couple of things....1) I don't really need travel rewards (have Amex for that) and I don't travel THAT often...I prefer my cash back and  2)  I just got my CLI in Dec so it would be a while before I could possibly see a "Venture Limit" which would be the real reason I would want the card.  They aren't giving any real benefit other than changing reward structure.

 

So, am I crazy NOT to pc?  I know PC approval doesn't mean I would get approved by app soon but my scores are steadily climbing and I feel like, even if I decided travel rewards was something I wanted, it would be better to wait for REAL approval....which could potentially be in the next 3-4 months if the FICO gods cooperate.

 

or

 

Do I PC to the Venture under the assumption I would be able to app for another QS1 and possibly get an ok limit?  Does it work that way? 

Message 1 of 5
4 REPLIES 4
Imperfectfuture
Super Contributor

Re: To PC or not to PC...that is the question.

I would not PC. Just my take.
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Message 2 of 5
NRB525
Super Contributor

Re: To PC or not to PC...that is the question.

It's nice to know they offer the PC, but you don't have to take it. Did they offer to PC from the QS One to the regular no AF Quicksilver? That sounds like a deal you would like.

 

As to getting a "Venture Limit", you probably would not get there by PC anyhow. The best way to get a Venture Limit is to have a good history with Capital One, an open, active Capital One card (even minimal usage), get a good score and higher income, and then app outright for the Venture. THEN they will relook at your file and give you a Venture Limit.

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
March 2021 $33k on $312k EQ 796 TU 798 EX 801
May 2021 Paid all Installments and Mortgages, one new Mortgage EQ 761 TY 774 EX 777
April 2022 EQ=811 TU=807 EX=805 - TU VS 3.0 765
Message 3 of 5
UncleB
Credit Mentor

Re: To PC or not to PC...that is the question.


@NRB525 wrote:

It's nice to know they offer the PC, but you don't have to take it. Did they offer to PC from the QS One to the regular no AF Quicksilver? That sounds like a deal you would like.

 

As to getting a "Venture Limit", you probably would not get there by PC anyhow. The best way to get a Venture Limit is to have a good history with Capital One, an open, active Capital One card (even minimal usage), get a good score and higher income, and then app outright for the Venture. THEN they will relook at your file and give you a Venture Limit.


+1 to all of the above.  Smiley Wink

 

A QS is always preferable to a Venture One - hands down.  I have a QS1 that they so far have absolutely refused to PC to a QS for some reason.  Since it's one of my oldest accounts (and is my oldest bank card) I would accept a PC to a Venture One merely to keep the account open with no annual fee.

 

As others have mentioned, if you're looking strictly for a large credit line, the best way to get it is to simply apply for it.  It would likely be easier with positive Capital One history; preferably with a Capital One account still open even.

Message 4 of 5
bk510
Valued Contributor

Re: To PC or not to PC...that is the question.


@Anonymous wrote:

Cap one offered to PC my QS1 to a Venture or Venture one today.  I got very excited at first and then realized a couple of things....1) I don't really need travel rewards (have Amex for that) and I don't travel THAT often...I prefer my cash back and  2)  I just got my CLI in Dec so it would be a while before I could possibly see a "Venture Limit" which would be the real reason I would want the card.  They aren't giving any real benefit other than changing reward structure.

 

So, am I crazy NOT to pc?  I know PC approval doesn't mean I would get approved by app soon but my scores are steadily climbing and I feel like, even if I decided travel rewards was something I wanted, it would be better to wait for REAL approval....which could potentially be in the next 3-4 months if the FICO gods cooperate.

 

or

 

Do I PC to the Venture under the assumption I would be able to app for another QS1 and possibly get an ok limit?  Does it work that way? 


OP, What's your limit on your QS1?

 photo QS visa_zps7zokw2wl.jpg photo QS visa_zps7zokw2wl.jpg photo Venture One_zpsigvttrlz.jpg photo Sony Visa_zpsxoradr1b.jpg photo USC Reward_zpslcvjfxmq.jpg photo Penfed Promise_zpsdg1y2dw2.png photo NasaFcu_zpswac3zwcu.jpg photo America_zpsuwx8rzdm.jpg photo LA-Kings-card_zpslbkyeqsz.png photo Barclay_zpslqv3i4tl.jpg photo BBVA_zpsqrhh7omh.jpg
 photo nfcu debit card_zpsprkh98jw.png photo nfcu visa siggy_zps0gjgyxje.png/ photo nfcu goReward card_zpsixhh1qcp.jpg photo sdfcu platinum card_zpspilihdiv.png  photo penfed reward cash_zpsyckxjc7y.png photo alliant visa_zpsaf4udfx0.jpg photo Citi Secured_zpsypzxi0jm.png photo fnbo platinum_zpsxfub6esb.png photo marvel-credit-card_zpsfkvc3ux5.png photo golden 1 CU_zpslhgxynjv.pngBurned AECitiChase
Message 5 of 5
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