Is Cap 1 on Crack? 50K Limits?

[David1]

Pulled the trigger on another Venture since I just closed an old subprime $750 Sony Card and moved the limit over to a newer card.

 

Approved for a $5,000 limit. (My other CapOne cards are $33,000, $5,250, and $2,250).

[aenigmatica]

Have been pre-qual'd for a venture for a while now, and seeing as everybody else is doing well I decided to give it a shot. 18 months post CH7 BK, other than that spotless credit. 684 fico from Discover. 1% utilz. Instant approval 15k. Well over three times my highest CL. Hope this bumps my score up some.

[Phantik]

Pulled the trigger on another Venture since I just closed an old subprime $750 Sony Card and moved the limit over to a newer card.

 

Approved for a $5,000 limit. (My other CapOne cards are $33,000, $5,250, and $2,250).

How did you get that limit moved over? Cap1 doesn't combine.

[mrjuggalo9er]

 

 

Pulled the trigger on another Venture since I just closed an old subprime $750 Sony Card and moved the limit over to a newer card.

 

Approved for a $5,000 limit. (My other CapOne cards are $33,000, $5,250, and $2,250).

How did you get that limit moved over? Cap1 doesn't combine.

I think he means he closed one card to apply for another

[Konrad2012]

 

 

Pulled the trigger on another Venture since I just closed an old subprime $750 Sony Card and moved the limit over to a newer card.

 

Approved for a $5,000 limit. (My other CapOne cards are $33,000, $5,250, and $2,250).

How did you get that limit moved over? Cap1 doesn't combine.

I think he means he closed one card to apply for another

 

 

There's been talk that CapOne is going to start combining limits.

[tobettercredit]

Venture One $10,000. App'ed Thursday night, received 7-10 days. Called on Friday, no decision yet. But during conversation with Rep I mentioned I wanted Venture because I want a Miles card versus cash back. So the rep said I have an offer for Venture so my Quicksilver was changed to Venture with the same limit(4300) and $45.63 CB was changed to 4,563 miles. Today I called again and I was told I was approved for $10,000 Venture One. I am loving Cap1. Checked CRs yesterday and they pulled only Equifax and the Fico score is now 666. No sure if they pulled EX and TU today.

Edited July 6, 2015 by tobettercredit

[David1]

 

Pulled the trigger on another Venture since I just closed an old subprime $750 Sony Card and moved the limit over to a newer card.

 

Approved for a $5,000 limit. (My other CapOne cards are $33,000, $5,250, and $2,250).

How did you get that limit moved over? Cap1 doesn't combine.

 

 

They do as of July 1. You have to call in.

[cv91915]

Venture One $10,000. App'ed Thursday night, received 7-10 days. Called on Friday, no decision yet. But during conversation with Rep I mentioned I wanted Venture because I want a Miles card versus cash back. So the rep said I have an offer for Venture so my Quicksilver was changed to Venture with the same limit(4300) and $45.63 CB was changed to 4,563 miles. Today I called again and I was told I was approved for $10,000 Venture One. I am loving Cap1. Checked CRs yesterday and they pulled only Equifax and the Fico score is now 666. No sure if they pulled EX and TU today.

Venture is also a cash-back card.

[mendelssohn]

Venture One $10,000. App'ed Thursday night, received 7-10 days. Called on Friday, no decision yet. But during conversation with Rep I mentioned I wanted Venture because I want a Miles card versus cash back. So the rep said I have an offer for Venture so my Quicksilver was changed to Venture with the same limit(4300) and $45.63 CB was changed to 4,563 miles. Today I called again and I was told I was approved for $10,000 Venture One. I am loving Cap1. Checked CRs yesterday and they pulled only Equifax and the Fico score is now 666. No sure if they pulled EX and TU today.

 

As already mentioned, this is a "miles" card, not a miles card. Cap1 doesn't have a miles or transferable points card. They just have "miles" which is cash back.

[cv91915]

A "mile" is just one tiny penny.

Edited July 6, 2015 by cv91915

[mendelssohn]

And they are still not on crack.

[tobettercredit]

A "mile" is just one tiny penny.

 

 

A "mile" is just one tiny penny.

Here is my rational for applying.

 

It's a prybar for those who don't qualify for NFCU.

 

My highest CL ever.

 

$10,000 of buying power.

 

I am looking into "churning" a credit card not through Msing but investing/buying and selling.

 

Higher limit begets higher limits.

 

Cap1 for me is the road that leads to other higher limits from Amex, Barclays, Discover, etc..

 

Since Nov 2014 with Cap1 I went from $300---->$4300---->$10,000.

 

This was a calculated move. I needed $10,000 CL on my CR.

[tobettercredit]

A "mile" is just one tiny penny.

I have not delved into the economics of CC rewards but my $45.63 CB on Quicksilver was turned into 4,563 Venture miles.

 

The ignorant in me likes the miles better than the CB.

 

And thinks that If a mile is a tiny penny,

 

Between Venture one and Venture

 

If I get 60,000 bonus miles,

 

isn't that equivalent to $600 free money?

[pennypoor]

 

 

A "mile" is just one tiny penny.

I have not delved into the economics of CC rewards but my $45.63 CB on Quicksilver was turned into 4,563 Venture miles.

 

The ignorant in me likes the miles better than the CB.

 

And thinks that If a mile is a tiny penny,

 

Between Venture one and Venture

 

If I get 60,000 bonus miles,

 

isn't that equivalent to $600 free money?

Yes

[mendelssohn]

 

 

 

A "mile" is just one tiny penny.

I have not delved into the economics of CC rewards but my $45.63 CB on Quicksilver was turned into 4,563 Venture miles.

 

The ignorant in me likes the miles better than the CB.

 

And thinks that If a mile is a tiny penny,

 

Between Venture one and Venture

 

If I get 60,000 bonus miles,

 

isn't that equivalent to $600 free money?

Yes

The difference is that 60K miles can be worth many times more than $600, depending on how they are used.

 

60K "miles" always equals $600.

[dansamy]

I want to hear more about this combining business...

Edited July 7, 2015 by dansamy

[tobettercredit]

 

 

 

A "mile" is just one tiny penny.

I have not delved into the economics of CC rewards but my $45.63 CB on Quicksilver was turned into 4,563 Venture miles.

 

The ignorant in me likes the miles better than the CB.

 

And thinks that If a mile is a tiny penny,

 

Between Venture one and Venture

 

If I get 60,000 bonus miles,

 

isn't that equivalent to $600 free money?

Yes

The difference is that 60K miles can be worth many times more than $600, depending on how they are used.

 

60K "miles" always equals $600.

 

True Mend, I've heard about it.

 

But with 2 CAs and Charge-offs with all prime lenders still reporting on my CRs

 

I can't afford to be greedy.

[tobettercredit]

 

Venture One $10,000. App'ed Thursday night, received 7-10 days. Called on Friday, no decision yet. But during conversation with Rep I mentioned I wanted Venture because I want a Miles card versus cash back. So the rep said I have an offer for Venture so my Quicksilver was changed to Venture with the same limit(4300) and $45.63 CB was changed to 4,563 miles. Today I called again and I was told I was approved for $10,000 Venture One. I am loving Cap1. Checked CRs yesterday and they pulled only Equifax and the Fico score is now 666. No sure if they pulled EX and TU today.

Venture is also a cash-back card.

 

TPG names it among the best rewards cards:

 

 

Capital One Venture Rewards Card Sign-up Bonus 40,000 miles when you spend $3,000 within the first 3 months, equal to $400 in travel Earning: 2x on every dollar spent Redeeming: Points can be redeemed for 1 cent towards travel and rewards don’t expire Annual Fee: $59 waived the first year Foreign Transaction Fees: None

 

Can I earn a free airline ticket for paying my mortgage with this card? Free hotel room? Free rental car? etc...

 

For someone who had ZERO LC just last Nov

 

I couldn't even rent a car six months ago

 

This is AMAZING!!

 

I don't thing I said this before...

 

Thank you CB

 

[IndyPoolPlayer]

 

 

 

Pulled the trigger on another Venture since I just closed an old subprime $750 Sony Card and moved the limit over to a newer card.

 

Approved for a $5,000 limit. (My other CapOne cards are $33,000, $5,250, and $2,250).

How did you get that limit moved over? Cap1 doesn't combine.

I think he means he closed one card to apply for another

 

 

There's been talk that CapOne is going to start combining limits.

 

I'll believe it when I see it....

 

and can I steal that siggy graphic?

[mrjuggalo9er]

 

 

 

 

 

 

Pulled the trigger on another Venture since I just closed an old subprime $750 Sony Card and moved the limit over to a newer card.

 

Approved for a $5,000 limit. (My other CapOne cards are $33,000, $5,250, and $2,250).

How did you get that limit moved over? Cap1 doesn't combine.

I think he means he closed one card to apply for another

There's been talk that CapOne is going to start combining limits.

I'll believe it when I see it....

 

and can I steal that siggy graphic?

 

I can not wait to have my 133k quick silver

[casemodgod]

 

 

 

 

 

Pulled the trigger on another Venture since I just closed an old subprime $750 Sony Card and moved the limit over to a newer card.

 

Approved for a $5,000 limit. (My other CapOne cards are $33,000, $5,250, and $2,250).

How did you get that limit moved over? Cap1 doesn't combine.

I think he means he closed one card to apply for another

There's been talk that CapOne is going to start combining limits.

I'll believe it when I see it....

 

and can I steal that siggy graphic?

 

I can not wait to have my 133k quick silver

 

I just got 1.5% Cashback on this mortgage, look at me go

[mrjuggalo9er]

 

 

 

 

 

 

 

Pulled the trigger on another Venture since I just closed an old subprime $750 Sony Card and moved the limit over to a newer card.

 

Approved for a $5,000 limit. (My other CapOne cards are $33,000, $5,250, and $2,250).

How did you get that limit moved over? Cap1 doesn't combine.

I think he means he closed one card to apply for another

There's been talk that CapOne is going to start combining limits.

I'll believe it when I see it....

 

and can I steal that siggy graphic?

I can not wait to have my 133k quick silver

I just got 1.5% Cashback on this mortgage, look at me go

Rofl

[Zobelle]

won't count for FICO over 50K.

[swingline]

Can someone explain how/why they won't increase my limit on a card with $3k limit, but will give me a new card with a $50,000 limit? I would rather have the limit on one of these older cards that's I've now had for 8 years.

 

A new card hurts your scores and keeps you more captive to them.

[mrjuggalo9er]

 

 

Can someone explain how/why they won't increase my limit on a card with $3k limit, but will give me a new card with a $50,000 limit? I would rather have the limit on one of these older cards that's I've now had for 8 years.

 

A new card hurts your scores and keeps you more captive to them.

Different tiers of cards