Hi Forum,
I’ve had my eye on the Capital One Venture/V1 since my BK discharged in 10/2018 and I was approved for the Capital One Platinum card w/ a SL of $500 and I was a part of the credit steps program. Six months and a product change later, my new limit on my QS card is $750. I waited a couple of days after my last credit app w/ Cap1 six months ago to apply for the Venture/V1 card. At first, I was going to apply for the Venture card. After I read the terms and fees, it said that my min. limit would be $5,000 if approved. I thought I wouldn’t be approved based on my BK on my acct and plus I know I wouldn’t be able to meet SUB of $3k in 3 months; 50,000 miles.
Instead, I applied and was approved for the V1 card w/ Capital One with a SL of $1,000 (0% APR for 12 months). I’m really happy because I don’t have any travel credit cards since my BK. Since I have an upcoming cruise, it will be a lot easier for me to achieve the SUB of $1k in 3 months; 20,000 miles. I still need to purchase my airfare and hotel. I’ll do that right when my card arrives, and I’ll pay it off in full afterward. I do plan on product changing this card to the Venture card once that option becomes available.
My question is: once my card ages, when can I request a CLI? Is Capital One generous with CLI on this card? Lastly, what does “bucketed card” means and how do I know if I have one or not?
Thanks!
