Venture One Score recommended ??

[Anonymous]

Hi all!  I have been on a rebuilding mission for almost a year now, and have watched my scores go from 490 across the board to (AS OF TODAY - FICOs):  TU 598  EX 601  EQ 587. Not amazing I know, but once the UTIL paydowns report by 9/10 or so, I am expecting a considerable boost across the big 3.. Lowered my UTIL from 61% to 40% overall.  Also, a collection has been removed - just got notice today, so that should assist too.  I REALLLLLY want the VentureOne from Capital One for travel rewards, as I plan on travleing a lot next year to my hometown for parties, graduations, weddings etc.  Here is my current lineup:

Capital One QS1:  $1,000 CL

Barclay Apple Visa:  $3,000 CL

Western FCU VISA:  $3,000 CL *** CLI yesterday from $1,000 - CLI will report in 2 weeks

Credit One:  $600 CL

FingerHut:  $250 CL (LoL - $0 balance only keeping for UTIL)

CareCredit:  $3,000 CL

I wont even think of applying ofr VentureOne until my scores are well over 600 -- but any idea what a good score to apply with is?  On CK I see a recommended minimum of 632, but want to see other's actual experiences with this card.  The minimum CL is $5000 so that would end up being my highest limit.  Let me know what you think or have experienced !  Thank you all !!

[Skye12329]

660s+ roughly. I am thinking your scores might be a tad low at this time.

[Anonymous]

I know they're too low now as I stated in my post. But I'm trying to gauge a good score to apply with. I'm expecting a decent boost once the collection is off and my UTIL reports lower in a week, but not that big just yet. I think I'll wait until just before Christmas .. By then I'm sure I'll be mid 600s which should help me get a good SL

[Anonymous]

680 at least on Equifax.

[Anonymous]

My Venture1 was approved with scores a little bit lower in my signature line BUT I already had an 18 month old Plat MC ($4K) and a 6 week old QS1 ($3k) when I applied.  I was PIF'ing 90% of the time and using it heavily with multiple payments per month because my CL wasn't high enough.  I only app'd for a higher CL and to have a Visa.  I will be PC'ing it into a QS as soon as I get a chance, the 1.25% back is less than QS so now that my bonus has posted, I don't use it much, I'm using the QS's with the lower limit.

It can be done with lower scores but I'm probably more of an exception than the rule. 

[Anonymous]

I should mention that I have 2 - 3 month old QS1 with limits at $1500 each as of literally just now lol (I combined two CL in my first post as they a re both QS). Just looked online and boom. Also EO gave me a $200 credit because of the time it took to process my CLi !? Not going to argue. So in a few weeks my overall UTIL will
Be reporting WAY LOWER with the 3 CLIs!!! Side note.

Congrats on your approval. And to the guy who says 680 on EQ.. I'm told that's the score for VENTURE not Ventre One which requires lower.

[Anonymous]

Venture One also has the possibility of lower limits. I still would hold until at least 680 on Equifax with the other two being not much lower than 650.

[Anonymous]

Thank you kindly !! I will see how long I can hold out lol

[Anonymous]

I would also suggest working to get your utilization (both overall and individual) down to 20% or even lower if possible for best results and score improvement.

Having as many cards as possible with zero balances (keep a balance on at least one) will also give your score a bit of a boost.

[Anonymous]

Thank you