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Capital One—When to Apply for Venture/QS?

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Fletcher2
Regular Contributor

Capital One—When to Apply for Venture/QS?

I just hit the 6-month point since my discharge and have had a Cap1 Plat card for 6 months; they just gave me my first CLI, going from the initial $3K to $4K.

 

I've read that you should have a $5K CL with them before applying for the Venture card, or at least most with $5K+ CL with Cap1 were able to easily get the Venture card. While I am sure they consider a myriad of other factors, has anyone found this to be the case?

 

I only ask, as I was waiting for the CLI before I app for the Venture/QS cards.  Now that I got the CLI, I am just trying to avoid a HP and a rejection...so trying to decide if I do it now or do it in 6-months, at which point I would have the $5K SL and a year of rebuilding history to help them look more favorably upon me. Smiley Wink

 

 

Message 1 of 12
11 REPLIES 11
joedtx
Valued Contributor

Re: Capital One—When to Apply for Venture/QS?

Check the Capital One Pre-Quals you might be suprised to see that you are already Pre-Approved for the Venture.

Message 2 of 12
Fletcher2
Regular Contributor

Re: Capital One—When to Apply for Venture/QS?

I check it religiously. Smiley Happy

 

Message 3 of 12
Fletcher2
Regular Contributor

Re: Capital One—When to Apply for Venture/QS?

Pulled the trigger and was quite surprised—Venture Rewards w/ $30K limit.

 

I read that if you apply for another card quickly (perhaps same-day apps?), you only incur the one hard pull from Cap1. Therefore, I had the QS application populated and ready to submit AFTER tje Venture Reward app.  Boom—$3K CL.

 

I felt invincible after this, so I applied to refinance my should-have-been-reaffirmed truck that I continue to pay.  Boom—I hit the trifecta and get the truck refinanced, too. Smiley Happy

 

One small step for Capital One, one giant leap for my tradelines and future credit scores.

 

 

 

 

Message 4 of 12
Anonymous
Not applicable

Re: Capital One—When to Apply for Venture/QS?

GL! 

Message 5 of 12
securingourfuture
Established Contributor

Re: Capital One—When to Apply for Venture/QS?


@Fletcher2 wrote:

Pulled the trigger and was quite surprised—Venture Rewards w/ $30K limit.

 

I read that if you apply for another card quickly (perhaps same-day apps?), you only incur the one hard pull from Cap1. Therefore, I had the QS application populated and ready to submit AFTER tje Venture Reward app.  Boom—$3K CL.

 

I felt invincible after this, so I applied to refinance my should-have-been-reaffirmed truck that I continue to pay.  Boom—I hit the trifecta and get the truck refinanced, too. Smiley Happy

 

One small step for Capital One, one giant leap for my tradelines and future credit scores.

 

 

 

 


That's awesome - congratulations!

 

What are your current scores, if you don't mind sharing?

8/22/18: BK7 filed EXP 490 TU 430 EQ 429
11/28/18: BK7 discharged EXP 586 TU 578 EQ 527
06/08/21: EXP 656 TU 643 EQ 701
Message 6 of 12
Pway
Valued Contributor

Re: Capital One—When to Apply for Venture/QS?

Congrats

Thank you for the wealth of knowledge I have learned from these forums. I am logging off as of November 9, 2022. I wish everyone great success.
Message 7 of 12
Anonymous
Not applicable

Re: Capital One—When to Apply for Venture/QS?

Not true . My dad got a 20k venture with only 2 AU TL's to his name . One secured cap one for 500 and one freedom at 1200 . Instant approval.
Message 8 of 12
Anonymous
Not applicable

Re: Capital One—When to Apply for Venture/QS?

Wow 30k? Congrats! You must have decent scores and a nice income.
Message 9 of 12
Fletcher2
Regular Contributor

Re: Capital One—When to Apply for Venture/QS?

The loan application reflected a 645 EQ score...unsure of the others, but in the same ballpark...6 months (nearly to the day) post-discharge.

Message 10 of 12
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