I’m 3 personal cards and 1 business card from them in a 6 mo range. What a strange issuer…but imo, best overall bank for miles and ease of use. I pay effective $100 a year for all 4 and have gotten 220k bonus points and more from everyday spend. Who else gives you that kind of value?
@@shelbychilingirian1479 - Only you can determine that for yourself. Watch this video for guidance: ruclips.net/video/LWVjzwIRkK0/видео.htmlsi=lNwbdmXnHIHFEC0Z
Hey Mark, I am sure that I was not the only one who suggested this video idea to you, nor that you even needed us to suggest it. Nonetheless, thank you very much for the effort you have put into yet another masterclass.
Thanks Mark for this excellent detailed video on applying for Capital One cards. The 3 hard pulls without knowing if you’ll get approved is a real turnoff to me. I’m waiting to see the WF and Citi new offerings.
@@MarkReeseI personally will never ever get a business credit card from capital one because the credit utilization is reporting on your personal credit
@@Carsandcoffee23 - Some of their biz cards may...others may not. More info: milestalk.com/capital-one-spark-cash-changes-wont-report-to-personal-credit-bureaus/
i would like to add that, putting all of your spending on the first c1 card you have from them 3 months before getting a second one might also help approval odds. opening the free checking account might be good too. c1 needs to think they can make money of you
@@MarkReese @fuge511 I do not understand C1. Why wouldn't opening a checking/savings help? Why would having one hard pull in six months be grounds for a denial when you have 3 months of $20k in savings with C1, and an 800 plus credit score and 1% utilization? And if C1 needs to think they can make money off you but you have $ in a C1 checking account, they could either interpret that as being able to make money off you by paying less interest than top banks and T-Bills or not being able to make money off you because you won't carry a balance. And if I get denied for Venture X, I will withdraw from C1 savings, cancel $95 Savor card, uninstall Capital One Shopping extension and move to Amex which means that C1 will make NO money off me.
They are not a relationship bank and the checking/savings will NOT help you with approval odds. It’s entirely based on credit card app first impressions
Great video Mark! Unfortunately Capital One cards are the ones I probably won’t be able to get since Capital One is too stingy with me. Otherwise I’d love to get those cards.
@@MarkReese lol sorry I meant to comment on Daniel’s video and must have on yours and yours on his. Your video was great too as I have issues with getting approved for Capital One cards. I apologize for the mixup
I applied for my Capital One cards by using the pre approval tool and both were accepted although *1. They're for "Good credit", and not "Excellent credit"* I've been dying for an increase on both but thanks for pointing about this out! I will have to maybe call & see if they CAN manually increase it or If this rule applies 'bout increases! Enjoyed the video!
I used to have credit cards.Then I got upside down.I tried to pay Them all off responsibly.I don't have No credit cards now And it's been years Sense had a credit card. What should I do? Thank you very much.
If Capital One made a rotating 5% category card I'd seriously consider leaving Chase to give them a try. But, Cap 1 seems to dislike me and rejects me for too many recently opened accounts but will gladly approve my wife with the same data points lol. Chase's 5/24 isn't my favorite but Chase seems to instantly approve me at 1 card a month as long as I'm under 5/24 while other companies won't.
✌ I hear ya. It's less than great, but at least it's one pull per bureau. Most banks pull Experian for me, so having inquiries on the others doesn't do much. But of course I'd still prefer C1 didn't do this 😄
When I applied for the Capital One Venture X and Savor One cards there was a question asking if you carry a balance and I answered "Sometimes" and got approved for both of those cards. While that question may not be a determining factor to an approval its a good data point to know.
@@MarkReese The Ikon Pass for Winter skiing codes for 3% back on the Capital One Savor One Card. Should code for 4% back on the Savor card. Another great thing about the Savor cards.
For product changes, you'll have to call Capital One & ask if your Quicksilver card is eligible for a product change - and if so - what your options are. It can vary from one person to another.
Hey Mark! I think the 2 card rule only applies if one of your cards is the Platinum card or Quicksilver cards for fair credit. But... only once you have one of those cards does the 2 card limit start. I have the Savor One for good credit and a Quicksilver that I believe is for fair credit because I keep getting blocked from having a third card. I think if I upgrade the Quicksilver to a Savor One or Venture card that limit will be lifted. Great video btw!
@@MarkReese i heard it was rumored to be once every 3 months, so about a week before i hit 3 months i would check pre-approval daily on their website and got absolutely nothing until the exact 3 month mark
Capital One doesn't have a reconsideration line? I've called multiple #s and they all give me the same answer. Thats it's automated and they would have to rerun my credit again...
Not an official recon line that I'm aware of. Did you try the # on this Forbes article? www.forbes.com/advisor/credit-cards/credit-card-reconsideration/
@@MarkReese I've used that one and other #s as well. Capital one doesn't have a reconsideration line unfortunately. Its computer based and that's the final day so. They want you to rerun your credit and more than likely you'll get denied again.
what does “based on your credit report from one or more of the agencies on the back of this letter there are too many revolving accounts” mean?,does that many to many open credit accounts or too many accounts in general for them to approve me?
Thanks Mark for all you do. Could being an authorized user be held against me in the last rule, no new accounts in last 6 months. Tried 3x for preapproved venture x and always denied. Have approximately 18 cards with 829 or higher score consistently, 2 percent usage and one cap one savor card.
Capital One is a subprime lender, so if they see a lot of accounts and a credit score too high, you might be out of luck. They want that interest money.
How many of the 18 are you only an authorized user? Did you ask Capital One if being an authorized user counts as an open revolving line of credit? 18 is quite high, and they probably think you are a churner. How many cards did you have when you got the Savor?
Mark I got offered to apply for a savor one card when I opened my capital one app and I have 100 % payment history with my other card ,I had a good credit score at the time. I applied I got 500 to start and 9 months 0 Apr then 6 months after 100 increase. I don’t think I was bucketed since capital one made the offer plus I got that 0 Apr on it. What’s your opinion on this? . All I can do is just keep using and ask for increase every so often. Only time will tell great card though
@MarkReese Hey Mark, was wondering why you keep the $95 Venture card around when you already have the Venture X. Do you have plans to downgrade to the $0 VentureOne card or perhaps ugrade to another Venture X. Curious about your strategy. Thanks for the content!
No strategy involved with that. It was simply to have access to both cards to make RUclips reviews & comparisons. I like to show on-screen demos / screenshots, so demonstrating the differences of "2 lounge passes" vs. "unlimited access" was desired for select videos.
I applied for venture this year and got denied.. the reason said "too many open lines of credit" This would of been my first capital one card ever but i have many cards from other companies.. i didnt see this reason in the video but its definitely something to look into.. i dont have any other lines of credit besides cards
Hi, I’d like to confirm I can apply this card even though I opened Ink preferred on 8/2023, correct? Do I get it right that CIP is business card and it won’t be reported? Thank you.
Opening the Chase Ink Preferred itself does not affect your chances of getting a Capital One Card. The only thing that could affect your chances would be the inquiry from the application. However, if that's the only one you've had recently, then it shouldn't be an issue. The Chase Ink Preferred will not get reported on your personal credit file.
@@MarkReese Thanks for your reply! When I checked credit karma, TransUnion shows 4 inquiries and Experian shows 5 inquiries. Should I get worried? Do I need to freeze one of them? And yes my lastest application was Ink preferred was in August 2023.
Hey Mark, just wondering but that Spark Business card you have is a VISA. It looks like on the C1 website all personal and business cards are mastercard except the Venture (95 annual fee) and the Venture X so only those 2 are VISA and they r both personal cards, even the new Venture X Business is a mastercard. There is no Business C1 card as of now that I have seen is a VISA. Thanks for the video and replies Mark! Happy Weekend!
@@caribdude8151 - Ah got it. I got mine before the new card design (and apparently the switchover to MC). Perhaps it's grandfathered into Visa for awhile.
@MarkReese actually all business cards for C1 are Mastercard as of now. The only 2 cards that are VISA are only the Venture (95 annual fee) and Venture X which are the personal cards. The NEW Venture X Business is also a Mastercard. I know this because I clicked on apply now for each C1 card (personal or business) to confirm this. I'm pretty sure I'm right but of course this may change overtime. 👍
@@caribdude8151 - Just found out from this post (per their Aug. 2023 update) that the version I have is discontinued to new applicants: milestalk.com/capital-one-spark-cash-changes-wont-report-to-personal-credit-bureaus/
If you have a CP1 platinum card and want to get a better card such as a CP1 Quicksilver or Savor One Card what is the best way to go about doing this? I don't want to open up another credit account I would want to just upgrade my credit card. Thanks.
If I got venture x like 4 months ago and I want to jump on the regular venture with the 75k SUB will I qualify ? Or not since they’re both venture family.
Nice video but you are wrong about "bucketed" cards(especially with good credit) never getting a credit limit increase. If the card is being used regularly with no issues like late payments, returned payments, etc...Cap1 will give credit limit increases. HOWEVER(especially with fair credit)the increases will be tiny a lot of times. Like $100 increases seem to be common. But bucketed cards can also get increases of $500, $1000 at times. But they aren't gonna grow too much as a bucketed card.
Could be. I've also received data points from people who get 0 increases no matter what. Even with product changes, Capital One takes an account-by-account approach. It seems like a handful of their 'rules' are not universally applied.
Confused as to why you say 0 inquiries/opened cards in the last 6 months 0/6 rule but the terms say "I have applied for a Capital One credit card 2 or more times in the last 30 days". Another comment below was that it is now 0/3. 6 months is a long time to go without an inquiry and there is opportunity cost to waiting. Also, any thoughts on the newish Venture X preapproval tool, and whether opening a 360 savings account would help? Finally, how should we answer the questions about paying off balance and balance transfer checks?
1. The terms about having not applied for a C1 card are separate from having 0 inquiries (from all issuers). Since C1 tends to not like seeing moderate to high inquiry counts, I was simply stating that I'd personally want to avoid applying from all cards from all issuers for 6 months to clear up my report a bit. 2. No insights about the pre-approval tool. 3. No data to suggest a banking relationship helps. 4. I don't know if there's a "bad / good / better" way to answer the questions about balance transfers. I just said 'no.'
@@MarkReese I just don't understand. If the 0/6 rule was in place, that would make it more logical for the terms to state "I have applied for a Capital One credit card ONE or more times in the last 30 days" instead of "I have applied for a Capital One credit card TWO or more times in the last 30 days" which seems to give leeway for ONE Capital One application in the last 30 days, nevermind 6 months. And haha don't they realize that many many people want to build out the famous Duo?
@@TheUsflow - There's no 0/6 Rule. I'm just saying that if I wanted a C1 card, then I personally would like to have 0 inquiries and 0 new accounts across all banks in the past 6 months. That's not a requirement, just a personal preference.
1/6 rule...this is False, I just got a Capital One Platinum Card in 4/24 with a 3000 limit, and then the quicksilver good credit card in 6/24 for 3000 limit. and also, in 6/24 got a credit limit increase on my Capital one Platinum to 5000 limit.
@@anonymousfairy392 My Credit score depends on which one you look at; the low score is 693 and the highest score is 706 mid score was 699. and this is 4 months after the end of my chapter 13 bankruptcy 2/24 when I started rebuilding my credit.
I would like to add that I did have a 5-year history with 3 Credit cards and a Car loan (Car loan I paid off before my bankruptcy) with Capital one where I always made my payments on time until my financials went haywire. all of the cards had 5000 limits and were all maxed out before I filed for bankruptcy on them, and all 3 accounts were charged off.
Hey Mark, I keep getting declined saying they need “more information” I have sent in my two pieces and they still denied me. I reapplied twice now. Idk what else to do, thoughts? Appreciate you!!
@@MarkReese they just tell me more information was needed outside my social and ID. Then told me we can’t give you anymore reasons why after I sent those in.
@@MarkReese no I’m looking for credit cards that only report to my business report I’m will to pg but I have 4 new accounts that’s under 3 months old reporting on my personal credit report but my fico scores is 780 across the three burues
@@blu3ch3w - Small business credit cards from the major issuers do not report to your personal file. This includes Amex, Chase, Citi, Bank of America, U.S. Bank, and Barclays. An exception may be Capital One for certain cards. See more info here: milestalk.com/capital-one-spark-cash-changes-wont-report-to-personal-credit-bureaus/
I have both for making educational RUclips videos. It's helpful to show screenshots of the different benefits / how they work (e.g. 2 Capital One Lounge passes vs. Unlimited). I also got both welcome offers.
I have a average score of 750 and above , no rent or mortgage just a auto loan and wanna apply for venture X, anyone think I can get approved?. I have a good credit history about 5 years. No late payments etc
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To glitchy for me I like the idea but there's way too much have to sync all the time. Maybe one day I'll fix that problem but like that for over year
I’m 3 personal cards and 1 business card from them in a 6 mo range. What a strange issuer…but imo, best overall bank for miles and ease of use. I pay effective $100 a year for all 4 and have gotten 220k bonus points and more from everyday spend. Who else gives you that kind of value?
Awesome! 🏆
@@MarkReese. Should I get one ?
@@shelbychilingirian1479 - Only you can determine that for yourself. Watch this video for guidance: ruclips.net/video/LWVjzwIRkK0/видео.htmlsi=lNwbdmXnHIHFEC0Z
What cards are in your rotation?
@@eduardomorales2379 I have the VenX, regular Ven, Sav1, and Spark miles card
Thanks for the checklist at the end.👍🏼Great video in general!
Glad it helped!
Hey Mark, I am sure that I was not the only one who suggested this video idea to you, nor that you even needed us to suggest it. Nonetheless, thank you very much for the effort you have put into yet another masterclass.
You're welcome! 🏆
another comprehensive & useful video... thanks sir!
You're welcome 👊
Thanks Mark for this excellent detailed video on applying for Capital One cards. The 3 hard pulls without knowing if you’ll get approved is a real turnoff to me. I’m waiting to see the WF and Citi new offerings.
💯👍
@@MarkReeseI personally will never ever get a business credit card from capital one because the credit utilization is reporting on your personal credit
@@Carsandcoffee23 - Some of their biz cards may...others may not. More info: milestalk.com/capital-one-spark-cash-changes-wont-report-to-personal-credit-bureaus/
That sensitivity to recent new accounts really complicates things
It sure does.
i would like to add that, putting all of your spending on the first c1 card you have from them 3 months before getting a second one might also help approval odds. opening the free checking account might be good too. c1 needs to think they can make money of you
Potentially 👍 I haven't seen any data suggesting a checking account helps though.
@@MarkReese @fuge511 I do not understand C1. Why wouldn't opening a checking/savings help? Why would having one hard pull in six months be grounds for a denial when you have 3 months of $20k in savings with C1, and an 800 plus credit score and 1% utilization? And if C1 needs to think they can make money off you but you have $ in a C1 checking account, they could either interpret that as being able to make money off you by paying less interest than top banks and T-Bills or not being able to make money off you because you won't carry a balance. And if I get denied for Venture X, I will withdraw from C1 savings, cancel $95 Savor card, uninstall Capital One Shopping extension and move to Amex which means that C1 will make NO money off me.
They are not a relationship bank and the checking/savings will NOT help you with approval odds. It’s entirely based on credit card app first impressions
Great video Mark! Unfortunately Capital One cards are the ones I probably won’t be able to get since Capital One is too stingy with me. Otherwise I’d love to get those cards.
You mean 'Mark,' yes? 😄
@@MarkReese lol sorry I meant to comment on Daniel’s video and must have on yours and yours on his. Your video was great too as I have issues with getting approved for Capital One cards. I apologize for the mixup
@@OfficialMichaelGlathar - All good! Capital One can be difficult to predict / understand. Plenty of other great offers from other issuers though 👊
Great video Mark!
Thank you!
I applied for my Capital One cards by using the pre approval tool and both were accepted although
*1. They're for "Good credit", and not "Excellent credit"*
I've been dying for an increase on both but thanks for pointing about this out! I will have to maybe call & see if they CAN manually increase it or If this rule applies 'bout increases! Enjoyed the video!
Thanks for sharing your data point!
I used to have credit cards.Then I got upside down.I tried to pay Them all off responsibly.I don't have No credit cards now And it's been years Sense had a credit card. What should I do? Thank you very much.
If there's any residual temptation to use credit cards in a way that would put you in a bad spot financially, continue to avoid them.
If Capital One made a rotating 5% category card I'd seriously consider leaving Chase to give them a try. But, Cap 1 seems to dislike me and rejects me for too many recently opened accounts but will gladly approve my wife with the same data points lol. Chase's 5/24 isn't my favorite but Chase seems to instantly approve me at 1 card a month as long as I'm under 5/24 while other companies won't.
Great that Chase plays nicely with ya!
Does having a bank account with capital one help with your capital one credit cards
Not that I'm aware of.
Also the reason I got denied for the venture x is having a personal loan.
Bummer. Was it because the balance was too high? Or just because you had a loan (regardless of the amount)?
@@MarkReese they only stated because I had one in the rejection letter, but then approved me for a savor one with a 3k credit limit
@@p1lowboy - Congrats on the approval for the SavorOne!
Mark, Capital One is just a Giant Pain in the you know what! lol. I give you credit! Thank you for the info and video!
Glad you liked the info!
Ugh. I’ve been waiting for my 6th months to be over, since getting my venture card, so I can apply for the Savor one. 😔
👍👍
please let us know how it went!!!!
I hate the 3 hard pull rule from C1, such a predatory tactic🤬
✌ I hear ya. It's less than great, but at least it's one pull per bureau. Most banks pull Experian for me, so having inquiries on the others doesn't do much. But of course I'd still prefer C1 didn't do this 😄
When I applied for the Capital One Venture X and Savor One cards there was a question asking if you carry a balance and I answered "Sometimes" and got approved for both of those cards. While that question may not be a determining factor to an approval its a good data point to know.
Thanks for your data point!
@@MarkReese The Ikon Pass for Winter skiing codes for 3% back on the Capital One Savor One Card. Should code for 4% back on the Savor card. Another great thing about the Savor cards.
Will be applying for the venture x beginning of 2024. Do I call Cap One to product change my quicksilver (excellent credit/no af) to a savor one?
For product changes, you'll have to call Capital One & ask if your Quicksilver card is eligible for a product change - and if so - what your options are. It can vary from one person to another.
Hey Mark! I think the 2 card rule only applies if one of your cards is the Platinum card or Quicksilver cards for fair credit. But... only once you have one of those cards does the 2 card limit start. I have the Savor One for good credit and a Quicksilver that I believe is for fair credit because I keep getting blocked from having a third card. I think if I upgrade the Quicksilver to a Savor One or Venture card that limit will be lifted. Great video btw!
Interesting data point, thanks for sharing!
Too much work. Not great cards anyway. I really don’t like the different versions. Especially for excellent credit (which I got).
👍👍
I live 10 mins away from Capital One's headquarters. I need to get in to there ecosystem.
😄👍
its 1 card every 3 months now. confirmed this with daily pre-approval checks
Meaning you checked pre-approval offers every day for...how long?
@@MarkReese i heard it was rumored to be once every 3 months, so about a week before i hit 3 months i would check pre-approval daily on their website and got absolutely nothing until the exact 3 month mark
@iAmBrah Did it actually change from not pre-approved to pre-approved exactly at the 3 month point?
Capital One doesn't have a reconsideration line? I've called multiple #s and they all give me the same answer. Thats it's automated and they would have to rerun my credit again...
Not an official recon line that I'm aware of. Did you try the # on this Forbes article? www.forbes.com/advisor/credit-cards/credit-card-reconsideration/
@@MarkReese I've used that one and other #s as well. Capital one doesn't have a reconsideration line unfortunately. Its computer based and that's the final day so. They want you to rerun your credit and more than likely you'll get denied again.
what does “based on your credit report from one or more of the agencies on the back of this letter there are too many revolving accounts” mean?,does that many to many open credit accounts or too many accounts in general for them to approve me?
I'd guess too many open accounts, though I can't confirm that. You'll have to ask Capital One directly.
Thanks Mark for all you do. Could being an authorized user be held against me in the last rule, no new accounts in last 6 months. Tried 3x for preapproved venture x and always denied. Have approximately 18 cards with 829 or higher score consistently, 2 percent usage and one cap one savor card.
Capital One is a subprime lender, so if they see a lot of accounts and a credit score too high, you might be out of luck. They want that interest money.
Not sure about AUs in that regard.
@@Lancun But Venture X is not a subprime offering.
How many of the 18 are you only an authorized user? Did you ask Capital One if being an authorized user counts as an open revolving line of credit? 18 is quite high, and they probably think you are a churner. How many cards did you have when you got the Savor?
AU on two partner cards, savor open for 6 years
Mark I got offered to apply for a savor one card when I opened my capital one app and I have 100 % payment history with my other card ,I had a good credit score at the time. I applied I got 500 to start and 9 months 0 Apr then 6 months after 100 increase. I don’t think I was bucketed since capital one made the offer plus I got that 0 Apr on it. What’s your opinion on this? . All I can do is just keep using and ask for increase every so often. Only time will tell great card though
They approved you with a $500 starting limit? What was your FICO score at the time of applying and what was your average age of credit history?
@@BNAFitnessTV ruff math I believe my age of my oldest card is like 5
I wouldn't be able to confirm if the card account is bucketed or not.
No problem just thought I would get your take on it , I think I be fine
@MarkReese Hey Mark, was wondering why you keep the $95 Venture card around when you already have the Venture X. Do you have plans to downgrade to the $0 VentureOne card or perhaps ugrade to another Venture X. Curious about your strategy. Thanks for the content!
No strategy involved with that. It was simply to have access to both cards to make RUclips reviews & comparisons. I like to show on-screen demos / screenshots, so demonstrating the differences of "2 lounge passes" vs. "unlimited access" was desired for select videos.
I applied for venture this year and got denied.. the reason said "too many open lines of credit" This would of been my first capital one card ever but i have many cards from other companies.. i didnt see this reason in the video but its definitely something to look into.. i dont have any other lines of credit besides cards
Bummer. You're not alone though, I've seen that reason reported by a number of people.
@@Shawn.credit yea it sucks.. now im essentially locked out for life lol i wish i knew this years ago
how many cards do you have?
@@TheUsflow 10
hi Mark, does low cost carriers appear in Capital One travel portal? Japan LCCs doesnt appear in google flights as well as Chase travel portal
All I can say is that I've seen Frontier and Spirit appear in search results via the C1 portal. I haven't looked for international LCCs.
Hi, I’d like to confirm I can apply this card even though I opened Ink preferred on 8/2023, correct? Do I get it right that CIP is business card and it won’t be reported? Thank you.
Opening the Chase Ink Preferred itself does not affect your chances of getting a Capital One Card.
The only thing that could affect your chances would be the inquiry from the application. However, if that's the only one you've had recently, then it shouldn't be an issue.
The Chase Ink Preferred will not get reported on your personal credit file.
@@MarkReese Thanks for your reply! When I checked credit karma, TransUnion shows 4 inquiries and Experian shows 5 inquiries. Should I get worried? Do I need to freeze one of them? And yes my lastest application was Ink preferred was in August 2023.
Hey Mark, just wondering but that Spark Business card you have is a VISA. It looks like on the C1 website all personal and business cards are mastercard except the Venture (95 annual fee) and the Venture X so only those 2 are VISA and they r both personal cards, even the new Venture X Business is a mastercard. There is no Business C1 card as of now that I have seen is a VISA. Thanks for the video and replies Mark! Happy Weekend!
None of the C1 business credit cards on their website show the network logo. Where did you confirm that all business cards are Visa?
@MarkReese when you click apply now for the card (no matter what card) it will show either Visa or Mastercard on top right of application page
@@caribdude8151 - Ah got it. I got mine before the new card design (and apparently the switchover to MC). Perhaps it's grandfathered into Visa for awhile.
@MarkReese actually all business cards for C1 are Mastercard as of now. The only 2 cards that are VISA are only the Venture (95 annual fee) and Venture X which are the personal cards. The NEW Venture X Business is also a Mastercard. I know this because I clicked on apply now for each C1 card (personal or business) to confirm this. I'm pretty sure I'm right but of course this may change overtime. 👍
@@caribdude8151 - Just found out from this post (per their Aug. 2023 update) that the version I have is discontinued to new applicants: milestalk.com/capital-one-spark-cash-changes-wont-report-to-personal-credit-bureaus/
If you have a CP1 platinum card and want to get a better card such as a CP1 Quicksilver or Savor One Card what is the best way to go about doing this? I don't want to open up another credit account I would want to just upgrade my credit card. Thanks.
you can simply call to product change the platinum card to either the card that you want. I did this and changed my platinum to the quick silver card
@@BNAFitnessTV Thanks for that info!
Call Capital One and see if your account is eligible for a product change to another card 👍
If I got venture x like 4 months ago and I want to jump on the regular venture with the 75k SUB will I qualify ? Or not since they’re both venture family.
I can't determine approval odds. All I can say is it's possible to get both the Venture and Venture X with bonuses.
Nice video but you are wrong about "bucketed" cards(especially with good credit) never getting a credit limit increase. If the card is being used regularly with no issues like late payments, returned payments, etc...Cap1 will give credit limit increases. HOWEVER(especially with fair credit)the increases will be tiny a lot of times. Like $100 increases seem to be common. But bucketed cards can also get increases of $500, $1000 at times. But they aren't gonna grow too much as a bucketed card.
Could be. I've also received data points from people who get 0 increases no matter what. Even with product changes, Capital One takes an account-by-account approach. It seems like a handful of their 'rules' are not universally applied.
Confused as to why you say 0 inquiries/opened cards in the last 6 months 0/6 rule but the terms say "I have applied for a Capital One credit card 2 or more times in the last 30 days". Another comment below was that it is now 0/3. 6 months is a long time to go without an inquiry and there is opportunity cost to waiting. Also, any thoughts on the newish Venture X preapproval tool, and whether opening a 360 savings account would help? Finally, how should we answer the questions about paying off balance and balance transfer checks?
1. The terms about having not applied for a C1 card are separate from having 0 inquiries (from all issuers). Since C1 tends to not like seeing moderate to high inquiry counts, I was simply stating that I'd personally want to avoid applying from all cards from all issuers for 6 months to clear up my report a bit.
2. No insights about the pre-approval tool.
3. No data to suggest a banking relationship helps.
4. I don't know if there's a "bad / good / better" way to answer the questions about balance transfers. I just said 'no.'
@@MarkReese I just don't understand. If the 0/6 rule was in place, that would make it more logical for the terms to state "I have applied for a Capital One credit card ONE or more times in the last 30 days" instead of "I have applied for a Capital One credit card TWO or more times in the last 30 days" which seems to give leeway for ONE Capital One application in the last 30 days, nevermind 6 months. And haha don't they realize that many many people want to build out the famous Duo?
@@TheUsflow - There's no 0/6 Rule. I'm just saying that if I wanted a C1 card, then I personally would like to have 0 inquiries and 0 new accounts across all banks in the past 6 months. That's not a requirement, just a personal preference.
Ugh 3 hard pulls? Insane. Any idea how many pulls does Citi make?
At least it's only 1 per bureau. For me, Citi has been 1 report. However, which bureau (and potentially how many) can vary by region.
@@MarkReesethanks for the info
1/6 rule...this is False, I just got a Capital One Platinum Card in 4/24 with a 3000 limit, and then the quicksilver good credit card in 6/24 for 3000 limit. and also, in 6/24 got a credit limit increase on my Capital one Platinum to 5000 limit.
Credit score?
@@anonymousfairy392 My Credit score depends on which one you look at; the low score is 693 and the highest score is 706 mid score was 699. and this is 4 months after the end of my chapter 13 bankruptcy 2/24 when I started rebuilding my credit.
I would like to add that I did have a 5-year history with 3 Credit cards and a Car loan (Car loan I paid off before my bankruptcy) with Capital one where I always made my payments on time until my financials went haywire. all of the cards had 5000 limits and were all maxed out before I filed for bankruptcy on them, and all 3 accounts were charged off.
Congrats on the approval & thanks for sharing your data point!
I got preapproved for the smae credit card i already have will they let me get two of the same cards. Example two qhick silver cards?
I've seen data points of people saying that Capital One allows that, but I can't back it up with my own experience as I haven't tried it.
Hey Mark, I keep getting declined saying they need “more information” I have sent in my two pieces and they still denied me. I reapplied twice now. Idk what else to do, thoughts? Appreciate you!!
If you provided what they required and denied you after, then you need to find out the reason(s) why.
@@MarkReese they just tell me more information was needed outside my social and ID. Then told me we can’t give you anymore reasons why after I sent those in.
@@heshdafresh3191 - Bummer. I can't provide any suggestions without details. I'd just move on to another issuer.
Awesome
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Yep
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Do you know any banks or fin techs I could go get business credit cards with new accounts showing on my report with a 780 fico ?
To clarify, you're looking for business credit cards that DO report to your personal credit report, correct?
@@MarkReese no I’m looking for credit cards that only report to my business report I’m will to pg but I have 4 new accounts that’s under 3 months old reporting on my personal credit report but my fico scores is 780 across the three burues
@@blu3ch3w - Small business credit cards from the major issuers do not report to your personal file. This includes Amex, Chase, Citi, Bank of America, U.S. Bank, and Barclays.
An exception may be Capital One for certain cards. See more info here: milestalk.com/capital-one-spark-cash-changes-wont-report-to-personal-credit-bureaus/
Incorrect was denied and i have a 675 credit score. Meet your whole list
I don't follow. What's incorrect?
Why would you have a venture ($95 annual fee) and a venture x ($395) card?
sign up bonus?
I have both for making educational RUclips videos. It's helpful to show screenshots of the different benefits / how they work (e.g. 2 Capital One Lounge passes vs. Unlimited). I also got both welcome offers.
I have a average score of 750 and above , no rent or mortgage just a auto loan and wanna apply for venture X, anyone think I can get approved?. I have a good credit history about 5 years. No late payments etc
I don't have a way to determine approval odds. You profile looks good though!
I have you a thumbs 👍
Thank you!
None !! Thanks Lol
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How to get it waived? Ask me haha
How to get what waived?
@@MarkReese The Venture X via SCRA ;)