What to do with Cap1 Venture MC....

[Anonymous514]

I have a capital one venture mastercard pcd from qs1 open since June 2014...I want a higher cl then 3000 but I think because it started off as an average credit card it won't grow anymore and it started at only  300$...........Any suggestions? Should I try for a new card altogether? I really do not want any new cards until I have 0 inqs in 2017.

[UncleB]

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@bigalkescott514 wrote:

I have a capital one venture mastercard pcd from qs1 open since June 2014...I want a higher cl then 3000 but I think because it started off as an average credit card it won't grow anymore and it started at only  300$...........Any suggestions? Should I try for a new card altogether? I really do not want any new cards until I have 0 inqs in 2017.

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Capital One is a strange beast... they allowed you a PC from a QS1 with humble beginnings to a Venture, but won't give you a CLI to get you beyond $3k. 

In my case, I've got a QS1 that also has humble beginnings ($300) and I've worked it up to $3900, but I can't get a PC for anything ("...there are currently no offers available for this account").  Ironically, CLIs don't seem to be any problem (at least for the last year or so).

Back in the spring I got a QS Visa Signature with the intentions of closing the QS1 altogether, then they started the 'account combination' right before my newer card was old enough to be eligible... so I begrudgingly paid the AF once again.  Just for 'grins' I tried to PC the QS1 a few days ago... and got the same reply as always.

It appears we are both destined to close/combine our QS1 cards, but for different reasons.  For the life of me, I don't understand why Capital One prefers to have us open new accounts (and get the associated bonuses) rather than just simply change our existing accounts, but that seems to be the case.

[Anonymous]

Yea some people seem to get stuck at a certain limit with some CapOne cards. Your profile overall is good and you don't need new cards, so I would stick with what you got and just hit the button every now and then....it cant hurt. The Amex should grow, but this Cap One card has probably hit its ceiling until CapOne changes their strategy.
If you are willing to get a new card, go ahead and get a new Venture. You will get that huge limit with a sweet bonus to go with it! If you don't need a new card and don't need the CL, I would advise standing pat, especially if you have any intentions of applying for anything you might actually need (mortgage, car loan) in the next 6-12 months.