Capital One Venture card with a Bankruptcy?

[Anonymous]

I had a Chap 7 BK back in 2009 and I was wondering what people's experience has been with getting a Venture Card with a BK on their report...  I know on the site, the qualifications for the Venture products are:

-I've never declared bankruptcy or defaulted on a loan;

-I haven't been more than 60 days late on any credit card, medical bill, or loan in the last year;

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

I have an NFCU card with $10K but only had it since Feb.  I had the BK and I just got back into the credit building again in Oct of last year(2017) with a Quicksilver One (started at $500 and they increased it to $1,100 in Feb).  I've read quite few threads that would suggest that they aren't really hard and fast with those rules, but I wonder if it would be worth applying..  I know Chase and AMEX aren't options for me, but I want to add one more card before I head into the garden for a while.  

Thoughts?

[Hex]

I have a BK 7 filed 3/2016
No other badies (the only defaulted account included in my BK had already aged off my report by the time I filed).
Cap1 canceled my Zero balance Quicksilver One when I filed.
3/2016 capital one plat aproved $300 CL (now $2450)
1/2017 Cap1 car loan
4/17 Cap1 real QS approved $15 K CL (had prequalify)
10/2017 Venture approved $30K CL (had prequalify)
Income $150K
If you have a prequal offer I'd go for it.
Ive been looking to get Savor prequalify but they wont give it to me. Cap1 pulls all 3 reports so I won't apply withour prequal.

[Anonymous]

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@Hex wrote:
I have a BK 7 filed 3/2016
No other badies (the only defaulted account included in my BK had already aged off my report by the time I filed).
Cap1 canceled my Zero balance Quicksilver One when I filed.
3/2016 capital one plat aproved $300 CL (now $2450)
1/2017 Cap1 car loan
4/17 Cap1 real QS approved $15 K CL (had prequalify)
10/2017 Venture approved $30K CL (had prequalify)
Income $150K
If you have a prequal offer I'd go for it.
Ive been looking to get Savor prequalify but they wont give it to me. Cap1 pulls all 3 reports so I won't apply withour prequal.

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Very cool...  Great limits on those cards!  I've had my QS1 for 9 months.. 

What was your stated income?  I'm at $103K with about $1,600 in rent and a $300 car payment, so low DTI.  I just pulled myEX  FICO 8 and it's 662 as of today.  My EQ FICO 9 is 694

[Anonymous]

I still have a BK on my reports (set to fall off in 12 months) and I have the Venture. I cold apped also. 

[Hex]

When I applied for QS 4/17 fico 8’s
EQ 683
Ex 682
Trans 685
Venture 10/17
EQ. 693
Ex 706
Trans 717
Income, car payment and rent were the same both times
Rent $1375
Car payment $318
Income $150K

[Anonymous]

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@Anonymous wrote:

.  I know Chase and AMEX aren't options for me, but I want to add one more card before I head into the garden for a while.  

Thoughts?

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OP, did you burn Amex in your BK? Agreed Chase isn’t worth pursuing until your BK falls off but Amex is a different story. I have a 2010 BK and 2 Amex from this year with pretty nice SLs. Might be worth checking the prequals IMO. 

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

.  I know Chase and AMEX aren't options for me, but I want to add one more card before I head into the garden for a while.  

Thoughts?

---

OP, did you burn Amex in your BK? Agreed Chase isn’t worth pursuing until your BK falls off but Amex is a different story. I have a 2010 BK and 2 Amex from this year with pretty nice SLs. Might be worth checking the prequals IMO. 

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Unfortunately, yeah..  I burned AMEX for about $30K.  It will probably be 3-5 years before I get back in their good graces - if ever.  Kinda bummed about it, but I do want to get that Sapphire Reserve after my BK falls off.  15 months to go - that will give me some time to garden a little bit as well.

[Anonymous]

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@Hex wrote:
When I applied for QS 4/17 fico 8’s
EQ 683
Ex 682
Trans 685
Venture 10/17
EQ. 693
Ex 706
Trans 717
Income, car payment and rent were the same both times
Rent $1375
Car payment $318
Income $150K

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I apologize, I missed that in your first post.   Excellent - maybe I'll wait until I've had the QS1 for a full year and see what happens.  

[CreditCuriosity]

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@Anonymous wrote:

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@Anonymous wrote:

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@Anonymous wrote:

.  I know Chase and AMEX aren't options for me, but I want to add one more card before I head into the garden for a while.  

Thoughts?

---

OP, did you burn Amex in your BK? Agreed Chase isn’t worth pursuing until your BK falls off but Amex is a different story. I have a 2010 BK and 2 Amex from this year with pretty nice SLs. Might be worth checking the prequals IMO. 

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Unfortunately, yeah..  I burned AMEX for about $30K.  It will probably be 3-5 years before I get back in their good graces - if ever.  Kinda bummed about it, but I do want to get that Sapphire Reserve after my BK falls off.  15 months to go - that will give me some time to garden a little bit as well.

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probably longer than that i am thinking 20 years unless you want to pay that nice chunk of change back to amex

[Anonymous]

Agreed, I would forget Amex for the foreseeable future, that will be a tough nut to crack.

Have you checked the Cap One prequal site?