Venture or Venture One?

[Anonymous]

But the Venture offers 2x the points vs the Venture One which offers 1.5x the points. These Venture cards are granted high CL's because they are anticipating you running large sums thru them. These are Cap One's premier cards. If your going to run $100.00 a month, than the Venture One may be the way to go. However, if you're able to run 1K, 2K, 3K, a month, as an example, than the Venture definitely beats the Venture One handily.

[Anonymous]

Are your FICO scores from FICO 8 or a previous score?  Capital One tends to use previous bankcard or mortgage scores.  I qualified for Venture 1 but made the mistake of waiting a week to apply for Venture and by that time since I had been on an app spree my FICO 8 score for EQ had not changed but my FICO 5 had and they pointed to that score as reason to turn me down.  So as others have said, if you apply for both, do it back to back. 

[Anonymous]

Good luck! Let us know wht you decide.

In my wallet: Capital One (secured) 1917; Quicksilver 5000; Venture 15,000; Barclay Apple Rewards 2000; CareCredit 3300; Bank of America Platinum Visa 2000; Bank of America Travel Rewards 3500; Bank of America Travel Rewards 3500; Amazon Store Card 5000; Discover 10,000. Total Credit: 51,217.
6/19-FICO: EQ - 782; TU - 769; EX - 681; GOAL: 780 across the board. Gardening until further notice.

[morgacj2004]

Venture all the way. I have seen people get as high initial CL as 50 k on this card. I got 20k CL when I applied earlier this year.

[Anonymous]

OP, Any update?

[Anonymous]

According to other websites, if you spend over 8 grand a year, you basically should get the Venture. 

[Anonymous]

Thanks for all of the input, everyone. I won't be applying until mid-JUly as I need to give about 8k in recent cli's and 1700 in payments  a chance to report first on my other cards. Will let you know how it goes.

[UncleB]

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@Anonymous wrote:

Which one to apply for with about 715-718 FICO?

No baddies

AAoA 1.7 years

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I know you've already had plenty of folks offer their thoughts, but I'm "chiming in" as well since my scores/stats are similar to yours.  My current FAKO is currently hovering 705-725, and last month I got an Experian FICO that was 695.  I have two baddies that will age off next spring, and my AAoA is around 5 years.

A few months ago I got a new QuickSilver Visa Signature with $5k, 17.9% after the promo.  A few days ago for 'kicks' I went to the pre-qualification site to see what it would say, and it shows I'm pre-qualed for both Venture and (another) QuickSilver Visa at 17.9%, or a 'Plain-Jane' Platinum Mastercard at 15.9%. 

Keep in mind that Venture SLs seem to be almost always higher than QuickSilver lines, and I only report a modest income (<$50K) so your offer will likely be more attractive than mine, especially since you have no baddies at all.

Also, regarding the Venture One card, it's seriously 'nerfed' compared to not only the Venture, but also the QuickSilver if you're chasing rewards.  Of particular note is the Venture One's reward rate of 1.25 miles per dollar vs. Venture's 2 miles.  Most people also agree that the QuickSilver is better than the Venture One not only because the rewards rate is higher (QS 1.5% vs. VenOne 1.25% effective rate) but with the QuickSilver you can get cash to spend as you please, while the Venture One miles must be presented against travel charges for full redemption value (some people redeem the miles for gift cards, but there's no 'hoops' at all for the QS). 

All this being said, since the Venture/Venture One cards seem to get significantly higher starting credit lines for most folks, that alone might be enough to sway your decision.  It's always possible that you could get the Venture One for the (hopefully) higher initial credit line, then eventually PC to a QuickSilver at some point in the future, but as everything with Capital One, nothing is guaranteed, and the only certainty is YMMV.

Hope this helps!

[Anonymous]

Thanks Uncle for your thoughts. I already do have a  Quicksilver so I am good to go in that respect. I will most likely app for the regular Venture based on the feedback listed ehre. I just was not initially sure if regular venture required a higher FICO score in order to be successful, but the information has helped.

[Anonymous]

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@Anonymous wrote:

Thanks Uncle for your thoughts. I already do have a  Quicksilver so I am good to go in that respect. I will most likely app for the regular Venture based on the feedback listed ehre. I just was not initially sure if regular venture required a higher FICO score in order to be successful, but the information has helped.

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I would say too, aside from what I said above about your yearly spend being above $7800 to make the Venture the best choice, you would consider the min spend required for the sign up bonus.

Can you spend $3000 in 3 months from applying to get the $400

OR

Would you spend $1000 in 3 months from applying to get the $200

The ventureone also has a potentially lower APR of 11.9 vs the Ventures 12.9.....

I would say if you have any chance of being able to hit the min spend for the venture, get it. And even if in the next 2 years you cant run 8 grand through the card, then the second year ask them to waive the annual fee.