I plan on closing my Walmart card that is turning into a quicksilver as I already have one. I want to get the capital one venture card. I have the quicksilver, walmart, and the savor already with them all being around $4000 credit limit. Should I apply first or close the walmart card first?
I would say close it 1st! Wait for couple of months and then app for Venture X. Also don't request any CLIs for the existing Cap1 cards.
I'm glad that you brought that up because I forgot to ask about it. I didn't request any CLI's though.
@Beast26 wrote:I plan on closing my Walmart card that is turning into a quicksilver as I already have one. I want to get the capital one venture card. I have the quicksilver, walmart, and the savor already with them all being around $4000 credit limit. Should I apply first or close the walmart card first?
you should try the pre-approval before doing anything and seeing what it says: https://www.capitalone.com/credit-cards/preapprove/miles/?landingPage=venture
@Beast26 wrote:I plan on closing my Walmart card that is turning into a quicksilver as I already have one. I want to get the capital one venture card. I have the quicksilver, walmart, and the savor already with them all being around $4000 credit limit. Should I apply first or close the walmart card first?
I would not apply for a Venture card if I were you. Every Capital One application gets a triple pull -- hard pull on each of the 3 bureaus.
I would wait for the new Quicksilver card to arrive.
Then I would try to upgrade one of the Quicksilvers to a Venture, as outlined here:
https://wallethub.com/answers/cc/upgrade-capital-one-quicksilver-to-venture-2140684501/
I don't actually want to keep the venture card I just want it for the bonus and keep it for about a year. I'm not overly concerned about the 3 bureau pull like most people are here. It's well worth the $700 bonus to get a triple pull IMO.
@Beast26 wrote:I don't actually want to keep the venture card I just want it for the bonus and keep it for about a year. I'm not overly concerned about the 3 bureau pull like most people are here. It's well worth the $700 bonus to get a triple pull IMO.
OK then.
In response to your question, I think it would be better to close one card before applying for the Venture.
I'm not a Cap1 customer but I believe you can only have two personal CC at once with them. So you'll need to upgrade as recommended or close and take triple hard pull, which I wouldn't recommend for a regular Venture product.
@IntegerIntrovert wrote:I'm not a Cap1 customer but I believe you can only have two personal CC at once with them. So you'll need to upgrade as recommended or close and take triple hard pull, which I wouldn't recommend for a regular Venture product.
I currently have 3 personal Cap1 cards, after being approved for the Venture X two months ago.
Given that they just want the bonus, I can understand opting for the Venture.
