^It *should* be, but no guarantees though. In my case I got double pulled on TU and one pull on the other bureaus, so a total of 4 pulls.
As far as applying and getting a new card and combining this into the older ones, yes you can do that but keep in mind you have to wait 6 months to combine new accounts and they must have a zero balance.
Lots of excellent advice so far, I'll just add to be mindful of the APRs on the cards you're merging into, as well as the rewards structure and AF (for the Venture after the first year.)
For me, my 'goal' is to eventually get a new Capital One card with a lower APR and merge my existing card into it. Some people prefer the Quicksilver's 1.5% cash back rather than the Venture's 2%, which on the surface is 'more' but there are restrictions on redeeming Venture 'miles' for the full 2% value. As you already know, with the Quicksilver the cash back is very straight-forward.
There are many ways you could do this; you'll just have to determine what your individual priorities are, and work toward accomplishing that. In my case, I'm adverse to annual fees and while I usually PIF each month I prefer a low APR, so I'm working towards that. Some folks are motivated by 'huge' credit lines, but my current lines are a good match for my modest spend levels.
Good luck! 
@UncleB wrote:Lots of excellent advice so far, I'll just add to be mindful of the APRs on the cards you're merging into, as well as the rewards structure and AF (for the Venture after the first year.)
For me, my 'goal' is to eventually get a new Capital One card with a lower APR and merge my existing card into it. Some people prefer the Quicksilver's 1.5% cash back rather than the Venture's 2%, which on the surface is 'more' but there are restrictions on redeeming Venture 'miles' for the full 2% value. As you already know, with the Quicksilver the cash back is very straight-forward.
There are many ways you could do this; you'll just have to determine what your individual priorities are, and work toward accomplishing that. In my case, I'm adverse to annual fees and while I usually PIF each month I prefer a low APR, so I'm working towards that. Some folks are motivated by 'huge' credit lines, but my current lines are a good match for my modest spend levels.
Good luck!
Yea the 2 current capital one cards that I have each have terrible apr's. I knew that they would be considering they were starter cards and everything. I did PC one of them to a QS without an annual fee so currently that would be my best cap 1 card. However, if i applied for one of the 2 i mentioned (or both) they would obviously have better apr's and limits than i currently have with cap 1.
@Anonymous wrote:
@UncleB wrote:Lots of excellent advice so far, I'll just add to be mindful of the APRs on the cards you're merging into, as well as the rewards structure and AF (for the Venture after the first year.)
For me, my 'goal' is to eventually get a new Capital One card with a lower APR and merge my existing card into it. Some people prefer the Quicksilver's 1.5% cash back rather than the Venture's 2%, which on the surface is 'more' but there are restrictions on redeeming Venture 'miles' for the full 2% value. As you already know, with the Quicksilver the cash back is very straight-forward.
There are many ways you could do this; you'll just have to determine what your individual priorities are, and work toward accomplishing that. In my case, I'm adverse to annual fees and while I usually PIF each month I prefer a low APR, so I'm working towards that. Some folks are motivated by 'huge' credit lines, but my current lines are a good match for my modest spend levels.
Good luck!
Yea the 2 current capital one cards that I have each have terrible apr's. I knew that they would be considering they were starter cards and everything. I did PC one of them to a QS without an annual fee so currently that would be my best cap 1 card. However, if i applied for one of the 2 i mentioned (or both) they would obviously have better apr's and limits than i currently have with cap 1.
It sounds like you already know what your path should be! Since your accounts don't have a lot of history, there's no big loss in merging them into a newer account with a lower APR, and like you said, they'll still be on your reports for 10 years, anyway.
If you get the QS Visa at 17.9%, you could certainly merge your current accounts into it (barring any system issues... there's a huge thread on that, but it's likely you'd have no problem).
I actually got my own QS Visa with the intention of closing my QS1, but just as the AF was coming due they started allowing accounts to be merged, so I opted to pay the AF one more time so I wouldn't lose the credit line. Since the AF isn't due again until July, I have some time to allow each card to get it's own CLI before I combine them, and possibly to get Capital One to just PC the QS1 to a QS with no AF (so far, they haven't been able to do this). My own QS1 is eight years old (one of my oldest accounts) so I would like to keep it if they'll waive the fee.
If you decide to apply for the Venture and/or Quicksilver, remember the spend requirement to get the bonus on each. It could vary, but generally for Venture it's 40,000 miles if you spend $3000 in three months, and for Quicksilver it's $100 if you spend $500 in the first three months. If you can only do one or the other, clearly the Venture is the more lucrative of the two, since 40,000 miles translates to $400 if redeemed against travel charges.
Like it's been said previously, usually if you app for both on the same day you'll only have one set of HPs (one on each bureau, for a total of three), but this is not guaranteed. Basically, expect six HPs, but be pleasantly surprised if you get three. The Venture has an AF after the first year, but of course at that time you can probably PC it to a Quicksilver, or if that's not available just combine it with the Quicksilver.
Finally, if you were to decide to just apply for one or the other, keep in mind that generally Capital One gives higher credit lines on the Venture than they do on the Quicksilver. Again, this isn't in 'set in stone', but it's the consensus around here.
Good luck!
Note: Be sure to hit the 'credit line increase' button one last time on each account before combining them. Once you do the merge, it could be a while before you get a CLI again.