I took some time to pull all the stats from the thread of Venture Approvals.
(ADDED NOTE: I used the data from the BIG Venture Approval Thread that began in early 2015)
** I pulled out all items that used FAKO or NON FICO scores where possible.
** I pulled out items that were missing scores
Please don't bash me for innaccuracies, the data is justfor those interested.
Out of 83 Approvals Submitted:
$30,000 (04 Approvals) AVG 3 SCORE APPROVAL: 769 --- LOWEST AVG APPROVAL: 692 --- LOW SCORE REPORTED: 710/692/675
$20,000 (12 Approvals) AVG 3 SCORE APPROVAL: 717 --- LOWEST AVG APPROVAL: 667 --- LOW SCORE REPORTED: 664/664/674
$15,000 (18 Approvals) AVG 3 SCORE APPROVAL: 701 --- LOWEST AVG APPROVAL: 652 --- LOW SCORE REPORTED: 664/660/642
$10,000 (34 Approvals) AVG 3 SCORE APPROVAL: 685 --- LOWEST AVG APPROVAL: 644 --- LOW SCORE REPORTED: 662/640/631
$05,000 (15 Approvals) AVG 3 SCORE APPROVAL: 668 --- LOWEST AVG APPROVAL: 651 --- LOW SCORE REPORTED: 645/648/661
--------------------------------------------
My conclusion is probably what most would presume... a score in the 660s gives you the best shot at approval for this card and the higher the score, the more the limit. I noticed from comparing incomes that income doesnt seem to have a lot to do with limits until you get to the $30k level. There were certainly people getting $20k lines without huge incomes. While this info was useful to me as I approach 660 scores... it probably doesnt reveal much to most people... looks like what you would expect.
But unless anyone disagrees.. I think this card is still ONE OF the kings of easiest cards to get with a $10k limit.... since we are seeing 650ish range getting approved.
UPDATED NOTE: *** This data above does not take into account people who got approvals over $30,000 and does not include INCOME, APR received etc. It is just showing FICO averages and FICO lowest score from the 83 people who gave data.
One thing I noted on scores/approvals: Every approval of the 83 had at least ONE score of 660 or higher of their three scores... and no one had a low score of any of their scores below 628. Just a fact.
Original Thread Data was pulled from.. Data pulled from 02/06/2015 (original date) to 09/16/2015.
CREDIT DISCLAIMER: I am not a credit expert (obviously) and these numbers are just stats from 9 months worth of data in one thread on a forum. Your situation may drastically vary due to a host of credit differences on your reports. These numbers are just meant to be hopefully useful in a VERY general sense.
This is interesting as I think there is a perception that they are handing out $30k limits to people with poor scores
Another data point if you missed my post! Interesting post! Thank you!
Personal:
Actually I'm lower than your posted lowest for $15,000.
@Broke_Triathlete wrote:Actually I'm lower than your posted lowest for $15,000.
I didn't see your name in the big thread or you were excluded because something was missing. I used the people who replied with the data requested by the OP. If I missed you, I apologize.. I will have to go back and look.
@dallasareaguy wrote:
@Broke_Triathlete wrote:Actually I'm lower than your posted lowest for $15,000.
I didn't see your name in the big thread or you were excluded because something was missing. I used the people who replied with the data requested by the OP. If I missed you, I apologize.. I will have to go back and look.
No worries my friend. I think it's awesome that you took the time to do this. I must have missed that thread that you're talking about so I apologize. I thought you skimmed for Venture Approvals. At any rate, my scores are the data points for when I was approved. They are accurate per CCT! Take care and awesome job!
@Broke_Triathlete wrote:
@dallasareaguy wrote:
@Broke_Triathlete wrote:Actually I'm lower than your posted lowest for $15,000.
I didn't see your name in the big thread or you were excluded because something was missing. I used the people who replied with the data requested by the OP. If I missed you, I apologize.. I will have to go back and look.
No worries my friend. I think it's awesome that you took the time to do this. I must have missed that thread that you're talking about so I apologize. I thought you skimmed for Venture Approvals. At any rate, my scores are the data points for when I was approved. They are accurate per CCT! Take care and awesome job!
Just curious.. (as I use CCT as well).. what were your 3 scores at time of approval...
The scores in my sig: | EQ 663 | EX 624 | TU 632 | as I was just approved a week ago!
Where's this thread that you mention? Nice of you to compile this information so that others can see.
