you should do some content on credit card end game. I started churning in 2012 and have had almost every card from sapphire reserve, 5 different amex platinums, venture x, citi prestige, starwood cards, etc. now ive reduced my cards down to 1 premium (venture x) and a bunch of downgraded no annual fee cards (freedom, amex everyday, citi double). not much churning nowadays except to reapply for sapphire / citi cards every 2 years or so when the bonuses re-activate. what do you do at the end of your credit card journey?
One note I'd add at 10:08 is that the capital one travel portal has price match, unlike the chase portal. I've used it several times and it's a great way to avoid the extra fees (one of the main reasons people want to avoid portals in the first place) while still getting the multipliers. Imo this makes the C1 portal way better than Chase's. Thank you for the great content!
I applied for and got approved for my VENTURE X card yesterday. I have a Credit Scores in the 800s, I never carry a balance on any of my cards for more than a few days, and my income is roughly $195K annually. I have a Delta Amex Reserve, Amex Platinum, Alaska Airlines Visa, Barclays Mastercard, and a Visa through my bank (USAA). I was approved with no issues at all.
I’ve had the card for 3 months now and have loved it. It worked out pretty nicely because I’ve had 3 connections in DFW in that span. Such an amazing lounge, probably my favorite in the states. Denver’s opening in March, hopefully IAD by end of q2. I’ve booked twice through the portal and requested price matches both times, it was quick and painless, great CS experience so far. Only thing is I am still waiting for my travel credit 3 weeks later. C1 says it can take up to 2 billing cycles but lots of reports of people having issues with the credit.
@@MichaelMcNeeley I have heard of a lot of people getting there’s within a week as well! Seems like it’s either end of the spectrum, ie right away, or 2 full billing cycles.
Data point 22 personal cards when applied Had a old capital one quicksilver rarely used Also had a capital one bank account for three years Approved with 820 score November 21
I just got my Venture X a couple of weeks ago as my 11th card. Last card I opened was back in Aug 22. For me, this card is the most affordable way to get into the premium travel card space without dealing with the headaches of having a Platinum card while being a better value proposition than the CSR.
Data point: bought a new car November 2022 Opened Savor one November 2022 Applied for venture x February 2022 (showed pre approval for all cards) approved for 15,000 credit score was 687 at time of approval now at 6/24 TransUnion 3/24 Experian 3/24 equifax
Great video as always, but one thing I would add is that Capital One doesn't let you upgrade or downgrade as freely as other issuers. There usually has to be an offer for an upgrade or downgrade on your account before they'll let you change to a different card, so there's still a risk of having to cancel.
Data point Approved dec 2022 w/ 30k limit 5 personal cards Never carry balance 816 credit score Wanted the card for 2 reasons: 1 - basically free priority pass 2 - primary rental insurance
Second try and approved! Love the card so far. Hope your referral worked. I also want to do add this. You mentioned that C1 is giving you $5 to keep the card on 4:57. But I think you are also earning 10x points when redeeming $300 travel credit through the portal. If we also include that, you are earning 3000 points which makes $30 which bring the total to $35 instead of $5. But regardless, it is a keeper card for sure! Thanks Sebby🙂
Capital One’s business strategy used to be sub prime. They have been working the last 10 years to Chang that. Last year was the Venture X release and then will be the launch of there concierge experience after acquiring Velocity black. They are absolutely making moves against AMEX.
Got denied also for the same thing. There was a sweet spot when folks like us were getting approved. My mistake was thinking CAP1 was changing the profile for this card, so I put off appying untillit was too late. I think they hit the number of applicants for people with many cards or many credit lines. Awesome cameo Mandy👊
@@ayman.ibrahim Instead of focusing on sub prime customers, I figured(hoped) that the VentureX was for people with for transaction fees and cross selling, as Sebby mentioned about Chase and Amex.
I think a good video to cover, especially for people who have never seen this side of the travel/rewards world, would be to show them the credit card game. What’s a good starter (chase) or what’s a good end game (amex) and everything in between. Never seen a video like that covering all the different set ups and when they’re ideal on your rewards journey.
He has a video like this already in his channel. Search Amex trifecta or chase trifecta or Citi trifecta. A lot of other RUclipsrs have done this as well
DP, I applied for this card in Oct 2022 but was denied, but applied for the Venture the same day and was approved. Fast forward February 2023, applied and was approved for the X. P2 already have the X and loves it, and by comparing to other premium cards, the X keeps it simple and will actually pays you back just to keep it. Win win in my book and a keeper!
I definitely want this card; but based on your info and what I've read elsewhere, I'm confident that I'd get declined if I applied right now. My credit score is good but everytime I've been denied a card the reason has always been "you've opened too many accounts recently" If you're a bonus hunter like me then your best bet is to go a couple years without any applications and hopefully then you'll have a decent chance at approval for this card. Already having another Capital One card seems to hurt your chances as well.
Card has been OK, kept it because of the zero effective annual fee, would have otherwise cancelled it. I tried to do a phone protection claim through them. The repair work was done by the same vendor that runs their insurance claims and they refused to cover it. I had the screen replaced, which they claimed was due to a manufacturers defect and not considered a repair. So even though on paper the benefits look good, they are actually garbage. That on top of no restaurants for Priority Pass any longer. I have Priority Pass through other cards, so it adds no value. Like I mentioned, only kept it around cause it didn't cost me anything.
Just as a heads up to anyone looking to downgrade then upgrade like mentioned in 12:53. There's a chance that the request to upgrade back up to a Venture X might not be honored. Last year, I upgraded from the Venture card to the Venture X then downgraded to Venture One with the thought that I would reapply for the Venture X to get the signup bonus. I would have downgraded back to just my previous Venture but that downgrade path was not allowed. Eventually, I decided to apply for the CSR and get that sign up bonus instead so I tried to upgrade my Venture One back to a Venture X and was denied.
Data point on approval odds: I was approved in 11/2021 despite never holding a balance and having 11 other cards open, although this could've been due to the fact that they were still in the initial ramp-up phase and wanted to grow the cardholder base.
@@AskSebby personally have 3 venture x cards. Yes, 3 through upgrades and offers directly from them. I thought it was odd but the travel credits alone with the 10k bonus every year for each card alone covers the cards. 395x3=$1185, $900 credit+30k everh year is 1200. So I’m getting paid $15 to keep the card. Although, I do spend 80-100k with them a year. Amex I spend 120k-130k
Noticed the other day you can now get pre-approved for the Venture X if you go to the Venture X page. It seems to be separate than the regular Capital One pre approval
Wish this video had been released 24 hours ago and would have saved me getting denied. Another thing which is crazy is that cap1 pulls information from all three credit bureaus
Additional data point: I got denied for the VentureX on 03/2023 for too many open revolving accounts. I have 6 cards including the VentureOne (my oldest open card). Opened 3 cards over the last two years. Will go for a second Chase card this year instead, and try for the VentureX next year!
I am 2 years into the credit card game at 20. I currently have 4 cards and plan to get the savor one this year. Prioritize capital one as I like the savor one+venture x combo. Will get the venture x after the savor one as I am someone early in the game.
Just applied for this card and got approved after seeing this video. Thanks for the link. Very easy process and no issues. Starting off with a 30K credit line. Not bad. Looking forward to the airport lounge access. I am 2 months in and have hit my bonus of 75K. So far the card has been great. I also received the travel credit and just proceed the Global Entry application for the $100 credit. So far so good. My concern is the very high rate I have of over 18 percent. So I have been paying this card off monthly. Excited to try the DFW lounge next week!
I just got approved as well with a 30k credit limit. My score was right at 800. It dropped to 797 after inquiry. I am ok with that. It came by FEDEX 2 days later.
Yeah, tried to get my wife the venture X 3 times. A few months apart. Rejected every time. Even after calling for reconsideration. She did have three cards opened within the past two years though.
Thanks Shelby for this video. I understand this video much better because you r speech is slower than other videos. I may be a minority demographic but keep in mind there are people in their 60s like myself who are watching your very valuable presentation. Also, I called capital one 2 days ago and the rep told me I can have up to 10 authorized users on Venture x card! I will call again to verify. Much blessings
🧼🧼🧼 this was a very informative video Sebby! Capital One has never peaked my interest even in the beginning of my cc game. I've watched alot of videos on the Venture X cc; and although it's an amazing card it's not one I'm going to pick up (right now and/or ever). I'm in the AMEX eco currently running up my gold card points and going to get the platinum soon. Luckily, my cousin will be an authorized user (military) so that'll wave all my fee's. Since my gf is rebuilding/establishing credit I'm going to educate her on the Capital One ecosystem and maybe run a 2 player game in the future to maximize her travel points. Thanks again for dropping all the gems I look forward to more videos.
Traded my amex biz plat, personal plat, gold & green- for the cap one x. We only have a priority pass lounge at my local airport. We econo travel more than lux travel. Gives the perks I want without having to coupon my way into value. Dont value status.
You will miss the customer service. I wait on a line for 4 seconds to talk to an Amex rep who gives me solid info every time. I wait on hold for 14 minutes with capital one for them to tell me they’re off in 6 minutes. Paying 395 a year to be told to call back later is a no go for me.
In addition to the $300 travel credit, you would also get 5% back on airfare ($15) and 10% for hotel or rental car ($30). So you actually get $315 to $330 off the annual fee. Thus making the EAF of $65-80 a year.
Got approved for the Venture X two weeks ago as my 10th card with my last card about 9 months ago. Credit score about 780. They gave me a pretty low credit limit though at 10k. Thanks for this video!
Credit karma is pretty accurate with what they say your chances are. When I applied the first time and got rejected, credit karma said my chance of approval for the venture X was “fair.” Two months later credit karma said my chances were “very good,“ so I applied again and got instantly approved. I don’t understand it, but I’ll take it!
What is interesting to me is that I’m preapproved for the venture x but not for any of the excellent credit no annual fee c1 cards. I’m only preapproved for the good credit versions of the quicksilver and savorone, as well as the vanilla platinum. Typing this in March. For reference I applied for the CFF in feb, the bilt in Jan, and the savorone in Nov of last year.
Great video, but I feel like you should've mentioned that it's "Capital one lounge" access (singular), and not "Capital one lounges" access (plural) since there is literally only 1 COL open lol
One thing is that the Citi double cash charges FX fees and the Amex BBP has a cap and isn’t a charge card. The C1 Venture and Spark are both no FX and are uncapped miles.
Been with the venture X for a year now and love it. I've also paired it with my SavorOne to boost up my miles faster. It's a great and simple two card setup.
Something to keep in mind with Capital One and referrals: if the person you refer currently has, or has ever had (even if it is cancelled) ANY Capital One credit product, they will *NOT* honor the referral. After 2 hours of extolling the virtues of VentureX to a friend who has for 20+ years refused to get a premium card and immediate approval, Capital One will not honor the referral bonus because she has a Quicksilver sitting in her desk drawer.
Thanks for the info! I watched before applying and got approved. My credit score is excellent and I have strong income, but I do carry balances over month to month so I think I fit the customer bracket you were talking about. I haven’t opened a card in the past few years.
Seb I’m only liking this video because you’re adding goku ssj references 😂. As soon as I complete my chase set up, I’m def moving to Venture X for sure.
I think I am going to get the Venture first then the X in a year or 2. Baby brother is also effectively free the first year with a Pre Check credit bigger than the AF and the same welcome bonus as the X.
Sadly my home airport lounge sucks (Pittsburgh). There is one Priority Pass one and it apparently sucks. The downside of not being in a bigger city or hub. I do have to transfer a lot through other cities which is probably where I'd get most benefit of this perk.
Biggest problem with this card is the $300 is practically useless to me having top status at Hilton and Hyatt. I would never book a room without status.
Thanks for the video Seb! Haven’t applied for a new CC in 11 months waiting to get under 5/24 for Chase Trifecta to finally downgrade CSP. My plan after that all along has been hold out expanding relationship with Amex & Citi to get Venture X. I’ve missed out a lot of their high SUBs, but this video gave me reassurance to keep my plan!
same here!!! who would think that for being responsible you would loose privileges. We got taught that If you're financially irresponsible it would be hard to get loans, but this is proving wrong for Capital one.
I actually really like Capital One, I have my quicksilver and it was my best card (excluding the few times discover got me 5% 😅) and my credit wise said I should go for the savor one and I did but they’ve delayed my application. And I’ve already got 7 cards. I really hope I can get the Venture X in the somewhat near future because it would easily be my go to card for all my travel. Also, dream scenario, which I know won’t happen at least not soon but if C1 had a good card for gas or one of their existing cards got a 3% gas multiplier they’d be my got to setup by far.
Why does everybody say $395 annual fee - $300 credit - $100 credit = $5 profit. Clearly, you have to spend over $300 USD through Caprital One Portal to receive the credit. Really the Math looks like this, $395 annual fee + $300 USD to get the travel credits = $695 spent so far - $300 in credits - $100 credit = $295 USD spent on travel. Essentially, you can see it both ways. You're either getting reimbursed up to $300 in travel or the annual fee. In the end, I also prefer to see it as paying $695 - $300 annual fee reimbursed= paying for the vacation costs, earning 5x to 10x points and taking advantage of the card perks for free. The second vacation could essentially be free through points and you get to use the card perks again.
So what to do in the late-game? AXP, AXG, CSR, +8 other cards, 822, $200k. Any suggestions how to increase my odds for getting X approved? Thanks Sebby!
Data point: 4 credit cards in 24 months 3 inquiries in 24 months 7 cards total Oldest card is C1 Quicksilver 1 at 18 years Collection reported in August Applied/approved in Jan 23 $20K SL 682 credit score
If you don’t mind me asking, what was your income when applying? I’m in a similar situation, I was at 90% utilization on my 5 cards, I just paid them all off. My credit is 614, but once they report being paid off I’m hoping it goes to 740ish. I have the savor one and secured turned into regular platinum with them. I also have collections from 2 years ago or so.
I got the capital one venture x card only issue for me was that I took a trip in October of 2022 and I received my $300 credit in January of 2023. So far it’s cool hopefully when I go again on another trip it won’t take that long to give me my credit. I know as soon as I got approved about 2 weeks later that annual fee showed up. To be continued
I just got approved last week. 9 CC with less than 5% utilization. My last card approval was 7 months ago. As well they do limit the amount of Capital One Cards some can have. 800 fico Experian
Wish I'd seen this a while ago, I'm pretty much locked out of this card for the reasons you highlighted. I even wrote a letter to them debating the reasons for denial but no reply. Ugh.
@@AskSebby lol now i got it approved, guess I may have needed at least a month or two since last inquiry. I wish I'd also snagged the SavorOne the same day so it wouldnt count as 2 hard pulls
Received the VX card last week, and now completed my minimum spend due to some large planned major purchases/services. Now already have 83000+ miles credited. My plan is to do a balance transfer to my new AMEX Blue Cash Everyday where I have an intro 0% for purchases and balance transfers. and gradually pay that off from there. I wish there wasn't a 3% transfer fee into Amex, but better than sitting on the VX at 2% per month for more than a month. VX is my 8th card, had low 800 scores from the bureaus, with about 13% utilization (paying those down), but also a current business card with Cap1. I do wonder if Cap1 will look at me sideways for any other card apps because I do move money quickly away from them to lower interest cards.
🧼 hey Sebby, love the channel. You mentioned you can download three parts, I already have the quicksilver. Is upgrading your card common? If so, would it include closing the Quiksilver and opening the next option up.
I recently got the Venture X for my travel to Turkey. They were horrendous to deal with. They messed up my return flight so bad, I ended up having to use $600 extra to book a separate ticket. I'm paying off the balance as we do every month and cancelling the card. Going to give one of the other cards a try.
@@kucukdede Cap One Travel purchased my ticket, confirmed the trip (I even had a ticket number!). On my return leg, while trying to check in, found out that they had bought an "open ticket" on THY and not confirmed the date. Flight was full and they could not get me home until 4 days later which wouldn't be so bad if it wasn't for all the extra incurred costs of hotel/car etc... THY blamed Cap One, Cap One blamed THY, I got screwed in the middle. Cap One did not want to make any concessions to cover my extra costs for that time period which ended up being over $800. Live and learn.
VX has been very useful for me, I got it at launch and the fat signup bonus has been great to me. Losing priority pass restaurants was a big downside for me though. Additionally I've been gradually moving away from southwest and into a more delta focused travel setup. It's starting to look like I can get better value graduating from the VX to the Delta reserve, especially with that 100k business offer right now. Basically sebby is on point VX is a great mid game card. Late to end game not so much.
Good day Sir Sebby & Thank You for yet another Super Informative video. Are the Capital One Venture X 2x points for groceries & “others” applicable when Overseas?
Hey Sebby you should talk about the new venture x premier collection. Pretty similar to the program to the amex hotel collection (just not many hotels atm)
Take a look at the prince of travel channel. He has 1-2 videos on starting US Credit with an initial Amex Card. Get a Canadian Amex Card Open A US Address Do Global Transfer for a US Amex Card My opinion is to wait 6 Months and then apply for a Capital One no fee card. Then wait 4 more months and apply for a card every 4 months with Comenity or Synchrony. Gather 4 more cards and chill for six months. Then you should be able to get TD Bank, CitiBank B. Of America and Chase And don’t forget to seek a credit limit increase each six months from your Amex Card!
I was traveling a lot this past year, and will definitely be traveling less in the next few years. I had the CSR for the benefits and was planning to downgrade in June after my travel credit and refund the annual fee. Is it crazy to get the capital one now to help fund some spring travel (especially for the travel credit + hertz PC)?
Thank you for your video. Great information. I have a question. I have the Savor Card & VentureOne. Is there any data about with of these cards being upgraded to the Venture X card or do you have to always apply separately?
Sebby, I opened my CSR account (under years of your guidance) about 6 months before this card was released. Is it worth owning both? Is it worth downgrading my CSR and switching to VentureX? I travel quite a bit and my job is remote.
I have both and like both. I live in Dallas and use the capital one lounge at DFW which is better than priority pass. Only thing better is centurion lounge. Depends on your situation ig. I like that capital one portal has price match which chase doesn’t offer.
💳 Sebby's Card Picks: www.asksebby.com/credit-cards
you should do some content on credit card end game. I started churning in 2012 and have had almost every card from sapphire reserve, 5 different amex platinums, venture x, citi prestige, starwood cards, etc. now ive reduced my cards down to 1 premium (venture x) and a bunch of downgraded no annual fee cards (freedom, amex everyday, citi double). not much churning nowadays except to reapply for sapphire / citi cards every 2 years or so when the bonuses re-activate. what do you do at the end of your credit card journey?
utuber, share your knowledge and get referrals
All I gotta say is that Ask Sebby is the GOAT of the credit card world!
He really is I have used a lot of his credit hacks and it works
One note I'd add at 10:08 is that the capital one travel portal has price match, unlike the chase portal. I've used it several times and it's a great way to avoid the extra fees (one of the main reasons people want to avoid portals in the first place) while still getting the multipliers. Imo this makes the C1 portal way better than Chase's.
Thank you for the great content!
How easy was it to use the price match?
@@brandonliu6520 can be easily done in a 5 min call with a customer service rep.
Thank you for the insight!
@@brandonliu6520 10 minute call for me. Super easy
Nice feature, another reason to wish I had gotten approved… 🥲
I just took your advice and got approved. I never carry a balance, but on the application I simply put that I always carry balance.
I applied for and got approved for my VENTURE X card yesterday. I have a Credit Scores in the 800s, I never carry a balance on any of my cards for more than a few days, and my income is roughly $195K annually. I have a Delta Amex Reserve, Amex Platinum, Alaska Airlines Visa, Barclays Mastercard, and a Visa through my bank (USAA). I was approved with no issues at all.
I have venture X and savor card. It’s such a good set up. With this set up, I’m able to go on vacation twice a year !
I’ve had the card for 3 months now and have loved it. It worked out pretty nicely because I’ve had 3 connections in DFW in that span. Such an amazing lounge, probably my favorite in the states. Denver’s opening in March, hopefully IAD by end of q2. I’ve booked twice through the portal and requested price matches both times, it was quick and painless, great CS experience so far. Only thing is I am still waiting for my travel credit 3 weeks later. C1 says it can take up to 2 billing cycles but lots of reports of people having issues with the credit.
Fwiw, I booked last week and my travel credit appeared today, about 6 days later. Hopefully they can get these coming faster for everyone.
@@MichaelMcNeeley I have heard of a lot of people getting there’s within a week as well! Seems like it’s either end of the spectrum, ie right away, or 2 full billing cycles.
Data point
22 personal cards when applied
Had a old capital one quicksilver rarely used
Also had a capital one bank account for three years
Approved with 820 score
November 21
I just got my Venture X a couple of weeks ago as my 11th card.
Last card I opened was back in Aug 22. For me, this card is the most affordable way to get into the premium travel card space without dealing with the headaches of having a Platinum card while being a better value proposition than the CSR.
Thanks for the data point!
My advise is to keep trying the pre-approval tool. Once you’re pre-approved for the venture card, you will most likely be approved for the Venture X
Data point:
bought a new car November 2022
Opened Savor one November 2022
Applied for venture x February 2022 (showed pre approval for all cards) approved for 15,000
credit score was 687 at time of approval now at
6/24 TransUnion
3/24 Experian
3/24 equifax
Great video as always, but one thing I would add is that Capital One doesn't let you upgrade or downgrade as freely as other issuers.
There usually has to be an offer for an upgrade or downgrade on your account before they'll let you change to a different card, so there's still a risk of having to cancel.
Data point
Approved dec 2022 w/ 30k limit
5 personal cards
Never carry balance
816 credit score
Wanted the card for 2 reasons:
1 - basically free priority pass
2 - primary rental insurance
Second try and approved! Love the card so far. Hope your referral worked. I also want to do add this. You mentioned that C1 is giving you $5 to keep the card on 4:57. But I think you are also earning 10x points when redeeming $300 travel credit through the portal. If we also include that, you are earning 3000 points which makes $30 which bring the total to $35 instead of $5. But regardless, it is a keeper card for sure! Thanks Sebby🙂
The Venture X has been amazing for me, and definitely an amazing card and deserving of card of the year.
Capital One’s business strategy used to be sub prime. They have been working the last 10 years to Chang that. Last year was the Venture X release and then will be the launch of there concierge experience after acquiring Velocity black. They are absolutely making moves against AMEX.
Got denied also for the same thing. There was a sweet spot when folks like us were getting approved. My mistake was thinking CAP1 was changing the profile for this card, so I put off appying untillit was too late.
I think they hit the number of applicants for people with many cards or many credit lines.
Awesome cameo Mandy👊
Same, was hoping they'd change the profile for the card as well :(
What do you mean by the card's profile?
Totally should have jumped on the bandwagon and now I just get denied.
@@ayman.ibrahim Instead of focusing on sub prime customers, I figured(hoped) that the VentureX was for people with for transaction fees and cross selling, as Sebby mentioned about Chase and Amex.
@Romario D I have 30 CCs, so I would say 15 or over is a lot.
I think a good video to cover, especially for people who have never seen this side of the travel/rewards world, would be to show them the credit card game. What’s a good starter (chase) or what’s a good end game (amex) and everything in between. Never seen a video like that covering all the different set ups and when they’re ideal on your rewards journey.
He has a video like this already in his channel. Search Amex trifecta or chase trifecta or Citi trifecta. A lot of other RUclipsrs have done this as well
Was approved for Venture X 6 months ago. 13 open accounts but only 2 recent inquiries. 840 FICO
DP, I applied for this card in Oct 2022 but was denied, but applied for the Venture the same day and was approved. Fast forward February 2023, applied and was approved for the X. P2 already have the X and loves it, and by comparing to other premium cards, the X keeps it simple and will actually pays you back just to keep it. Win win in my book and a keeper!
this made me decide to stop waiting and just got approved! had 8 cards with 3 in the last 2 years and some balance.
Data point:
Got it 2 days ago:
30+ CCs
734 Score
Last Hard Inquiry Apr 2022
2 Other CCs w/ C1
30k limit
applied and got approved with your link! thanks for all you do seb 🎉
I definitely want this card; but based on your info and what I've read elsewhere, I'm confident that I'd get declined if I applied right now. My credit score is good but everytime I've been denied a card the reason has always been "you've opened too many accounts recently"
If you're a bonus hunter like me then your best bet is to go a couple years without any applications and hopefully then you'll have a decent chance at approval for this card. Already having another Capital One card seems to hurt your chances as well.
I am in my first year with X and love it so far. Got to use those points for a trip and used the capital one lounge in Dallas which was amazing
Glad you enjoyed it :)
Card has been OK, kept it because of the zero effective annual fee, would have otherwise cancelled it. I tried to do a phone protection claim through them. The repair work was done by the same vendor that runs their insurance claims and they refused to cover it. I had the screen replaced, which they claimed was due to a manufacturers defect and not considered a repair. So even though on paper the benefits look good, they are actually garbage. That on top of no restaurants for Priority Pass any longer. I have Priority Pass through other cards, so it adds no value. Like I mentioned, only kept it around cause it didn't cost me anything.
Just as a heads up to anyone looking to downgrade then upgrade like mentioned in 12:53. There's a chance that the request to upgrade back up to a Venture X might not be honored.
Last year, I upgraded from the Venture card to the Venture X then downgraded to Venture One with the thought that I would reapply for the Venture X to get the signup bonus. I would have downgraded back to just my previous Venture but that downgrade path was not allowed.
Eventually, I decided to apply for the CSR and get that sign up bonus instead so I tried to upgrade my Venture One back to a Venture X and was denied.
How do you upgrade or downgrade?
@@dic3686 You call Capital One and request and upgrade or downgrade and they honor it at their discretion.
Data point on approval odds: I was approved in 11/2021 despite never holding a balance and having 11 other cards open, although this could've been due to the fact that they were still in the initial ramp-up phase and wanted to grow the cardholder base.
Thanks for the data point!
@@AskSebby personally have 3 venture x cards. Yes, 3 through upgrades and offers directly from them. I thought it was odd but the travel credits alone with the 10k bonus every year for each card alone covers the cards. 395x3=$1185, $900 credit+30k everh year is 1200. So I’m getting paid $15 to keep the card. Although, I do spend 80-100k with them a year. Amex I spend 120k-130k
I was just approved last week. I have 13 other cards, including three other Capital One cards.
@@kungfoochicken08 Have you been carrying a balance on those other CAP1 cards?
@@lewis20002000 I don’t carry any balances. I’ve got two Quicksilver cards and a Spark. I run about 20k in business expenses through Spark each month.
Noticed the other day you can now get pre-approved for the Venture X if you go to the Venture X page. It seems to be separate than the regular Capital One pre approval
Wish this video had been released 24 hours ago and would have saved me getting denied. Another thing which is crazy is that cap1 pulls information from all three credit bureaus
Yeah but they denied based on Equifax, go figure! Too many cards open in the last 24 months and too many credit/trade lines.
Additional data point: I got denied for the VentureX on 03/2023 for too many open revolving accounts. I have 6 cards including the VentureOne (my oldest open card). Opened 3 cards over the last two years. Will go for a second Chase card this year instead, and try for the VentureX next year!
I am 2 years into the credit card game at 20. I currently have 4 cards and plan to get the savor one this year. Prioritize capital one as I like the savor one+venture x combo. Will get the venture x after the savor one as I am someone early in the game.
Just applied for this card and got approved after seeing this video. Thanks for the link. Very easy process and no issues. Starting off with a 30K credit line. Not bad. Looking forward to the airport lounge access.
I am 2 months in and have hit my bonus of 75K. So far the card has been great. I also received the travel credit and just proceed the Global Entry application for the $100 credit. So far so good. My concern is the very high rate I have of over 18 percent. So I have been paying this card off monthly. Excited to try the DFW lounge next week!
What was your score, did you ever have a late payment, and did you put that you kept a balance?
I just got approved as well with a 30k credit limit. My score was right at 800. It dropped to 797 after inquiry. I am ok with that. It came by FEDEX 2 days later.
I just got approved with 13 other cards, three other Capital One cards. My taxable income is $45k and they gave me a 15k limit 🤷
Yeah, tried to get my wife the venture X 3 times. A few months apart. Rejected every time. Even after calling for reconsideration. She did have three cards opened within the past two years though.
Thanks Shelby for this video. I understand this video much better because you r speech is slower than other videos. I may be a minority demographic but keep in mind there are people in their 60s like myself who are watching your very valuable presentation. Also, I called capital one 2 days ago and the rep told me I can have up to 10 authorized users on Venture x card! I will call again to verify. Much blessings
🧼🧼🧼 this was a very informative video Sebby! Capital One has never peaked my interest even in the beginning of my cc game. I've watched alot of videos on the Venture X cc; and although it's an amazing card it's not one I'm going to pick up (right now and/or ever). I'm in the AMEX eco currently running up my gold card points and going to get the platinum soon. Luckily, my cousin will be an authorized user (military) so that'll wave all my fee's. Since my gf is rebuilding/establishing credit I'm going to educate her on the Capital One ecosystem and maybe run a 2 player game in the future to maximize her travel points. Thanks again for dropping all the gems I look forward to more videos.
Traded my amex biz plat, personal plat, gold & green- for the cap one x. We only have a priority pass lounge at my local airport. We econo travel more than lux travel. Gives the perks I want without having to coupon my way into value. Dont value status.
You will miss the customer service. I wait on a line for 4 seconds to talk to an Amex rep who gives me solid info every time. I wait on hold for 14 minutes with capital one for them to tell me they’re off in 6 minutes. Paying 395 a year to be told to call back later is a no go for me.
@@usthegoat2913 So a cap one rep answered and said they get off in 6 minutes then hung up? Tighten up this cap 😂😂
@@usthegoat2913 So a cap one rep answered and said they get off in 6 minutes then hung up? Tighten up this cap 😂😂
In addition to the $300 travel credit, you would also get 5% back on airfare ($15) and 10% for hotel or rental car ($30). So you actually get $315 to $330 off the annual fee. Thus making the EAF of $65-80 a year.
Got approved for the Venture X two weeks ago as my 10th card with my last card about 9 months ago. Credit score about 780.
They gave me a pretty low credit limit though at 10k. Thanks for this video!
Did you already have cards with C1?
I wouldn't call that low, although I believe that particular visa card always starts at 10,000.
@@Ron-qe4ul Nope. My first one.
@@TrentonMatthews Guess not in general.
@@henokfg
True. Thanks for replying!
Thanks for the video, went applied and got approved for the card after watching this video
750+ credit score. $80k+ income. Did not get pre-approved for the ventureX. Hesitant to actually apply for it. 🤷♂️
Credit karma is pretty accurate with what they say your chances are. When I applied the first time and got rejected, credit karma said my chance of approval for the venture X was “fair.” Two months later credit karma said my chances were “very good,“ so I applied again and got instantly approved. I don’t understand it, but I’ll take it!
how to use credit karma tell you ur chances?
What is interesting to me is that I’m preapproved for the venture x but not for any of the excellent credit no annual fee c1 cards. I’m only preapproved for the good credit versions of the quicksilver and savorone, as well as the vanilla platinum. Typing this in March.
For reference I applied for the CFF in feb, the bilt in Jan, and the savorone in Nov of last year.
Great video, but I feel like you should've mentioned that it's "Capital one lounge" access (singular), and not "Capital one lounges" access (plural) since there is literally only 1 COL open lol
Thank you so much for this video! Liked and subscribed!
I’ve been re-building my credit and got approved for Venture One. Hopefully one day I can move up to Venture X.
One thing is that the Citi double cash charges FX fees and the Amex BBP has a cap and isn’t a charge card. The C1 Venture and Spark are both no FX and are uncapped miles.
Thanks for the information. I'm going to apply for this card in few months.
Thanks Sebby! I was approved first time, have 10 other accounts and never held a balance. Didn’t know people weren’t getting approved
Thanks for the data point!
When did you get your last card?
@@masonsanwick547 3 months before my venture x. It may help that I have 2 other cap one cards too
Been with the venture X for a year now and love it. I've also paired it with my SavorOne to boost up my miles faster. It's a great and simple two card setup.
I thought you weren’t able to transfer your cash back to miles?
@@robbowarrior3072 had that same thought as well
For fun I did a pre approval on cap one. I got approved for a secured quicksilver 😂. I’ll stick with my Amex platinum.
Something to keep in mind with Capital One and referrals: if the person you refer currently has, or has ever had (even if it is cancelled) ANY Capital One credit product, they will *NOT* honor the referral. After 2 hours of extolling the virtues of VentureX to a friend who has for 20+ years refused to get a premium card and immediate approval, Capital One will not honor the referral bonus because she has a Quicksilver sitting in her desk drawer.
Thanks for the info! I watched before applying and got approved. My credit score is excellent and I have strong income, but I do carry balances over month to month so I think I fit the customer bracket you were talking about.
I haven’t opened a card in the past few years.
Thanks for outlining this. I've had no luck with being approved for the Citi premier. Seems that they're very inquiry sensitive.
Yeah, it's annoying. 😂
I’ve applied for the VX three times in the past year and gotten the same answer. Declined - too many revolving accounts
:( Thanks for the data point!
This is why I never apply for a new card without watching your review/deep dive first.
Self love. Reclaiming the self love that has been lost across this lifetime and others.
Homie legit put dbz in his video despite most probably not relating 😂 nice bro i like it 👌🏽
Seb I’m only liking this video because you’re adding goku ssj references 😂. As soon as I complete my chase set up, I’m def moving to Venture X for sure.
During the pandemic I feel like they were accepting easily. Now that inflation is high credit cards are tightening.
Instant approval today for 30k. Excellent score, but less than perfect payment history and only one active, lower limit card.
Thanks for covering the capital one venture x card! I was curious about the perks.
I think I am going to get the Venture first then the X in a year or 2. Baby brother is also effectively free the first year with a Pre Check credit bigger than the AF and the same welcome bonus as the X.
Sadly my home airport lounge sucks (Pittsburgh). There is one Priority Pass one and it apparently sucks. The downside of not being in a bigger city or hub. I do have to transfer a lot through other cities which is probably where I'd get most benefit of this perk.
Biggest problem with this card is the $300 is practically useless to me having top status at Hilton and Hyatt. I would never book a room without status.
You can use it as a flight credit right?
@@evanperry44yes it works on flights
Use it at low tier Hyatt and hiltons. How much of a boost from status are you getting at those chains low level hotels? Just a thought.
Thanks for the video Seb! Haven’t applied for a new CC in 11 months waiting to get under 5/24 for Chase Trifecta to finally downgrade CSP.
My plan after that all along has been hold out expanding relationship with Amex & Citi to get Venture X. I’ve missed out a lot of their high SUBs, but this video gave me reassurance to keep my plan!
Glad it helped! :)
Great point about the approval odds!
Just got approved for COne Venture X, thanks for the advice ! ! !
Congrats!!
780 Credit Score, Income: 350K, only 2 Credit Cards. NEVER missed a payment for 15 years. Got DENIED.
thanks for the data point!
same here!!! who would think that for being responsible you would loose privileges. We got taught that If you're financially irresponsible it would be hard to get loans, but this is proving wrong for Capital one.
I actually really like Capital One, I have my quicksilver and it was my best card (excluding the few times discover got me 5% 😅) and my credit wise said I should go for the savor one and I did but they’ve delayed my application. And I’ve already got 7 cards. I really hope I can get the Venture X in the somewhat near future because it would easily be my go to card for all my travel.
Also, dream scenario, which I know won’t happen at least not soon but if C1 had a good card for gas or one of their existing cards got a 3% gas multiplier they’d be my got to setup by far.
Besides the Citi custom cash? Can't think of any other card that would be just as good.
I wish I had applied for the x instead of standard venture back in September lol. Gonna wait a few more months and request an upgrade
Why does everybody say $395 annual fee - $300 credit - $100 credit = $5 profit. Clearly, you have to spend over $300 USD through Caprital One Portal to receive the credit. Really the Math looks like this, $395 annual fee + $300 USD to get the travel credits = $695 spent so far - $300 in credits - $100 credit = $295 USD spent on travel. Essentially, you can see it both ways. You're either getting reimbursed up to $300 in travel or the annual fee. In the end, I also prefer to see it as paying $695 - $300 annual fee reimbursed= paying for the vacation costs, earning 5x to 10x points and taking advantage of the card perks for free. The second vacation could essentially be free through points and you get to use the card perks again.
I got denied last year with 10 personal credit cards and 1 business
So what to do in the late-game? AXP, AXG, CSR, +8 other cards, 822, $200k. Any suggestions how to increase my odds for getting X approved? Thanks Sebby!
Exactly! Any news on an idea of what to do?
Data point:
4 credit cards in 24 months
3 inquiries in 24 months
7 cards total
Oldest card is C1 Quicksilver 1 at 18 years
Collection reported in August
Applied/approved in Jan 23
$20K SL
682 credit score
If you don’t mind me asking, what was your income when applying? I’m in a similar situation, I was at 90% utilization on my 5 cards, I just paid them all off. My credit is 614, but once they report being paid off I’m hoping it goes to 740ish. I have the savor one and secured turned into regular platinum with them. I also have collections from 2 years ago or so.
@@ghostbusters4667 Income reported was $80K. My DTI was less than 10%.
Awesome video man! Thank you so much 💯
I got the capital one venture x card only issue for me was that I took a trip in October of 2022 and I received my $300 credit in January of 2023. So far it’s cool hopefully when I go again on another trip it won’t take that long to give me my credit. I know as soon as I got approved about 2 weeks later that annual fee showed up. To be continued
Did you use it for hotel or airfare?
@@mrkitty5581 for airfare
Venture X multipliers are familiar BUT they price match hotels and airfare unlike Chase
I just got approved last week. 9 CC with less than 5% utilization. My last card approval was 7 months ago. As well they do limit the amount of Capital One Cards some can have.
800 fico Experian
Wish I'd seen this a while ago, I'm pretty much locked out of this card for the reasons you highlighted. I even wrote a letter to them debating the reasons for denial but no reply. Ugh.
:(
@@AskSebby lol now i got it approved, guess I may have needed at least a month or two since last inquiry. I wish I'd also snagged the SavorOne the same day so it wouldnt count as 2 hard pulls
Received the VX card last week, and now completed my minimum spend due to some large planned major purchases/services. Now already have 83000+ miles credited. My plan is to do a balance transfer to my new AMEX Blue Cash Everyday where I have an intro 0% for purchases and balance transfers. and gradually pay that off from there. I wish there wasn't a 3% transfer fee into Amex, but better than sitting on the VX at 2% per month for more than a month. VX is my 8th card, had low 800 scores from the bureaus, with about 13% utilization (paying those down), but also a current business card with Cap1. I do wonder if Cap1 will look at me sideways for any other card apps because I do move money quickly away from them to lower interest cards.
The Venture X was my very first travel card. My 3rd ever card. Now I have 6... but I'm 40. Got into this game late. Lol.
I got denied the first time then I added another 10k to my income. boom approved
Just got it using your link. Will utilize a free player two so we can get the entire family into a lounge. Thanks for the info!
Thank you for your support! :)
🧼 hey Sebby, love the channel. You mentioned you can download three parts, I already have the quicksilver. Is upgrading your card common? If so, would it include closing the Quiksilver and opening the next option up.
I recently got the Venture X for my travel to Turkey. They were horrendous to deal with. They messed up my return flight so bad, I ended up having to use $600 extra to book a separate ticket. I'm paying off the balance as we do every month and cancelling the card. Going to give one of the other cards a try.
@@kucukdede Cap One Travel purchased my ticket, confirmed the trip (I even had a ticket number!). On my return leg, while trying to check in, found out that they had bought an "open ticket" on THY and not confirmed the date. Flight was full and they could not get me home until 4 days later which wouldn't be so bad if it wasn't for all the extra incurred costs of hotel/car etc... THY blamed Cap One, Cap One blamed THY, I got screwed in the middle. Cap One did not want to make any concessions to cover my extra costs for that time period which ended up being over $800. Live and learn.
I have the business venture x. Love the card since it doesn't report on your personal credit score.
How did u get that. Can u refer me to ur business relationship manager Please i want that card so bad
🌴 love learning the points game from you!
Glad you enjoy it!
I was told when I downgraded my Venture X due to the fact I won't be traveling this year I couldn't product change again
I really want that card to pair with my savor one.
Love the thought process!
Thanks :)
VX has been very useful for me, I got it at launch and the fat signup bonus has been great to me. Losing priority pass restaurants was a big downside for me though. Additionally I've been gradually moving away from southwest and into a more delta focused travel setup. It's starting to look like I can get better value graduating from the VX to the Delta reserve, especially with that 100k business offer right now.
Basically sebby is on point VX is a great mid game card. Late to end game not so much.
What was the signup bonus when you got it?
@@41SumGreenDay I got the VX at launch so 100k
@@johncorbett59 the 10k spend in 6mo right? Looking at getting the venture x but wanted to gauge if the 75k is worth it.
Great video. Love the Venture X card!
Good day Sir Sebby & Thank You for yet another Super Informative video.
Are the Capital One Venture X 2x points for groceries & “others” applicable when Overseas?
Yes
What is the best card to travel with, meaning not having problems with using in different countries?
Hey Sebby you should talk about the new venture x premier collection. Pretty similar to the program to the amex hotel collection (just not many hotels atm)
I wish these cards were available in Canada.
Take a look at the prince of travel channel.
He has 1-2 videos on starting US Credit with an initial Amex Card.
Get a Canadian Amex Card
Open A US Address
Do Global Transfer for a US Amex Card
My opinion is to wait 6 Months and then apply for a Capital One no fee card.
Then wait 4 more months and apply for a card every 4 months with Comenity or Synchrony. Gather 4 more cards and chill for six months.
Then you should be able to get TD Bank, CitiBank B. Of America and Chase
And don’t forget to seek a credit limit increase each six months from your Amex Card!
I was traveling a lot this past year, and will definitely be traveling less in the next few years. I had the CSR for the benefits and was planning to downgrade in June after my travel credit and refund the annual fee. Is it crazy to get the capital one now to help fund some spring travel (especially for the travel credit + hertz PC)?
Thank you for your video. Great information. I have a question. I have the Savor Card & VentureOne. Is there any data about with of these cards being upgraded to the Venture X card or do you have to always apply separately?
Never upgrade, or you will miss out on the sign up bonus
Sebby, I opened my CSR account (under years of your guidance) about 6 months before this card was released. Is it worth owning both? Is it worth downgrading my CSR and switching to VentureX? I travel quite a bit and my job is remote.
I have both and like both. I live in Dallas and use the capital one lounge at DFW which is better than priority pass. Only thing better is centurion lounge. Depends on your situation ig. I like that capital one portal has price match which chase doesn’t offer.