Venture One?

[Anonymous]

No amount of aggregate utilization is going to help you with a card nearly maxed out.

89% utilization on one card = maxed out.

68.9-88.9% utilization on one card = danger zone.

[Anonymous]

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@Anonymous wrote:
81% on a $500 Limit USAA card. It’s a zero percent BT card just opened 2 months ago and JUST got reported.

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I suggest not apping for anything until you bring that card below 8%

[Anonymous]

When you are ready to apply, remember this.

You'll get a higher SL on the regular Venture but it comes with an annual fee.

I went with Venture One because it had no annual fee.  They started me with a $10,000 limit.  I am positive that would be $15,000 or $20,000 had I went with the regular Venture.  I still think I made the right call.

I didn't care about the low cash back because I simply wanted in with Capital One.

[mkhan1093]

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@Anonymous wrote:

When you are ready to apply, remember this.

You'll get a higher SL on the regular Venture but it comes with an annual fee.

I went with Venture One because it had no annual fee.  They started me with a $10,000 limit.  I am positive that would be $15,000 or $20,000 had I went with the regular Venture.  I still think I made the right call.

I didn't care about the low cash back because I simply wanted in with Capital One.

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But the first year is free? That's why I suggested app for the Venture and keep it for a year before PCing

[Anonymous]

Capital One is known for CLDs.  People who combine cards or PC to a lesser product sometimes won't be allowed to keep that big limit they initially got on the Venture.

I will not move a balance from my Chase CSP to my FU just to avoid the annual fee because the CSP is minimum $5k.  Can't be CLD'ed below that.  Would love to get rid of that annual fee but may risk a CLD on an FU over $10k.

[Gidgetmom]

I would check with Cap One first.  Last year, I was told that they only allow 2 accounts (unless they purchased one of your accounts from another lender).  That may have changed by now, of course.  But worth a quick check before applying.

[Anonymous]

Good idea, I’ll check that. Maybe I’ll combine the 2 existing accts.

[HeavenOhio]

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@Gidgetmom wrote:

I would check with Cap One first.  Last year, I was told that they only allow 2 accounts (unless they purchased one of your accounts from another lender).  That may have changed by now, of course.  But worth a quick check before applying.

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Capital One's website says that they allow one to have five cards. But reports here indicate that they only allow customers to have two "subprime" cards. Your cards may have fallen into that category when you asked last year.

[Gidgetmom]

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@HeavenOhio wrote:

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@Gidgetmom wrote:

I would check with Cap One first.  Last year, I was told that they only allow 2 accounts (unless they purchased one of your accounts from another lender).  That may have changed by now, of course.  But worth a quick check before applying.

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Capital One's website says that they allow one to have five cards. But reports here indicate that they only allow customers to have two "subprime" cards. Your cards may have fallen into that category when you asked last year.

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I think you're right Heaven!  I was in subprime when they told me that...

[Anonymous]

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@Anonymous wrote:

Capital One is known for CLDs.  People who combine cards or PC to a lesser product sometimes won't be allowed to keep that big limit they initially got on the Venture.

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I think to say they are known for CLDs is an overstatement.   Until recently, they were known as the bank that almost never did AA.    Now a few of us have been CLDd but I think we are still a small minority.

But eventually a large unused credit limit, especially on a card with no AF, might attract unwanted attention from any issuer.