Looking for Data points on Cap 1 VentureOne Rewards for Good Credit, and Quicksilver® Rewards for G

[brad0502]

Is there any info on these cards? just noticed them on the cap 1 website. Are these bucketed cards? What are the data points of approvals?

[blindambition]

There's Venture and Venture One, with Venture having $95 AF and 2% earn rate compared to 1.25 on Venture One. There's Quicksilver and Quicksilver One, both earn 1.5 CB. Quicksilver One has $39 AF and is hard to upgrade.

The One flavor is geared towards average credit. I've seen lower limits be bucketed. They all would be an HP on each report, so a triple whammy.

[VintageMel]

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@blindambition wrote:

There's Venture and Venture One, with Venture having $95 AF and 2% earn rate compared to 1.25 on Venture One. There's Quicksilver and Quicksilver One, both earn 1.5 CB. Quicksilver One has $39 AF and is hard to upgrade.

The One flavor is geared towards average credit. I've seen lower limits be bucketed. They all would be an HP on each report, so a triple whammy.

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They actually now list separate versions of Quicksilver and Venture cards "for Good Credit".  Example here:  https://www.capitalone.com/credit-cards/cash-back/quicksilver/

They have no SUBs, and a 26.99% APR.

I think these are very new. I just noticed them the other day. 

[quikj9]

Exactly, it seems as if they're trying to open some of these cards up to people with lower credit scores and reducing their risk while they do it. 

The cards for people with "good credit" come without the bonus or 0% intro apr promos, but function the same way as the regular versions. 

I may have a few data points to share, given I recently accepted an offer for the Savor One. My approval did not come with a bonus, but did come with a 9 month 0% intro purchase apr. As my apr is 24.99%, I have one of this "good credit" Savor One's. I find it interesting that I was given a promotional 0% offer though. 

Scores at the time of application

EX8: 645

EQ8: 624

TU8: 612

AAoA: 4y 8mo

AoOA: 7y 1mo 

[brad0502]

What was your SL?

[quikj9]

@brad0502 SL $1000

Obviously hoping it grows a bit, but it could have been worse. Clearly this is what my profile supports at the moment to Capital One. 

[Anonymous]

@brad0502 I don't believe you should be worried about bucketing with the Venture One and Quicksilver. Both cards are geared towards folks with better credit and Cap One tends to bucket the Platinum and Quicksilver One.

I know you have your eyes set on Capital One, but there are comparable cards out there. 2% Cash back cards like PayPal MC, Citi DC exist (Unicorns like 3% AOD Visa Sig is worth mentioning).

The Propel card from Wells Fargo is worth mentioning and thanks to the recent updates, the Chase Freedom Flex is also worth bringing up.

The thing that causes caution for me personally with Cap One is that it can be hard to get sizable credit limit increases. Plus they recently went on a credit limit decrease spree. 

[OmarGB9]

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@VintageMel wrote:

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@blindambition wrote:

There's Venture and Venture One, with Venture having $95 AF and 2% earn rate compared to 1.25 on Venture One. There's Quicksilver and Quicksilver One, both earn 1.5 CB. Quicksilver One has $39 AF and is hard to upgrade.

The One flavor is geared towards average credit. I've seen lower limits be bucketed. They all would be an HP on each report, so a triple whammy.

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They actually now list separate versions of Quicksilver and Venture cards "for Good Credit".  Example here:  https://www.capitalone.com/credit-cards/cash-back/quicksilver/

They have no SUBs, and a 26.99% APR.

I think these are very new. I just noticed them the other day. 

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No, that is still only showing the QuicksilverOne for "FAIR" credit with the $39 AF and the regular Quicksilver for "EXCELLENT" credit. The QS One shows the 26.99% with no SUB/0% offer, but the regular QS still shows an APR range and 0% offer. And apparently both Ventures are for "EXCELLENT" credit now, except both have a range of APRs depending on credit-worthiness.

[quikj9]

@OmarGB9 Hopefully I can help bridge the gap here. 

If you follow this link you'll notice the "Venture Rewards", "Venture One Rewards" and "Venture One Rewards For Good Credit" listed. The first two have bonuses, an apr range and are recommended for excellent credit. The last option has no bonus, an advertised 26.99% apr and is recommended for good credit. 

It's that last option @VintageMel and the OP are referring to being newly advertised by Capital One. 

[coldfusion]

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@quikj9 wrote:

@OmarGB9 Hopefully I can help bridge the gap here. 

If you follow this link you'll notice the "Venture Rewards", "Venture One Rewards" and "Venture One Rewards For Good Credit" listed. The first two have bonuses, an apr range and are recommended for excellent credit. The last option has no bonus, an advertised 26.99% apr and is recommended for good credit. 

It's that last option @VintageMel and the OP are referring to being newly advertised by Capital One. 

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I followed that last link and didn't see a "Venture One For Good Credit" offering either.

It does seem a bit disingenious to me for them to claim a card is for "Good Credit" yet only offer it at the highest APR figure that they extend across any card in their portfolio.