7/14/2023 0 Comments VenturexRead on to the next question for more of my thoughts on that. Oh, and she isn’t “a blogger”, so it would dispel the notion that she just got approved “because she is a blogger” (one would think that Greg’s shutdown would have shut down the notion that bloggers get some sort of special treatment from credit card issuers, but nonetheless…).Īll that said, I’m not sure her approval data point matters much. Finally, since she was over 5/24 and had three relatively recent new consumer cards, it would provide a useful data point for a situation that likely mirrors that of a number of readers. Second, she also has a Capital One business card - so she had 3 Capital One cards in total (2 consumer and 1 business) and this would help us know if getting a fourth Capital One card were possible (as noted above, she was instantly approved and so now has 3 personal and 1 business card with Capital One). First, she already had an open and active VentureOne and Venture card, so this would help us determine whether it were possible to get a Venture trifecta (note: there is absolutely no value in this trifecta, it would just answer the common question: “Can I get the Venture X if I already have a Venture / VentureOne card?”). Ultimately, I decided that it made sense for my wife to apply for several reasons. We were going to upgrade that card to a Venture X when I decided that it was downright silly to upgrade without one of us at least taking a swing at the welcome bonus. Because our Capital One cards are very old and we haven’t asked for credit limit increases (who needed one with Capital One?), we only had one card between us with a qualifying credit limit (her Venture card). I had developed a working theory (based on a possibly too-small data pool) that a $10K credit line is necessary to product change to the Venture X. Truthfully, I had been planning for one of us to upgrade a card to the Venture X rather than applying (assuming neither of us would be approved). In my wife’s case, she is over 5/24, has excellent credit and good income and has had three new consumer cards in the past year. Data points have been all over the map in terms of scores and profiles. That doesn’t fit what we are accustomed to seeing from Capital One. While plenty of people have still been denied these past few days, I have also seen approval reports from people claiming to be far over 5/24 (more than 5 new accounts in the past 24 months) and in some cases with 6 or 8 new cards in the past year. However, approval data points here have bucked the trend considerably. Anecdotally, people in the rewards community have believed that Capital One targets people with lesser credit or very thin credit profiles. Many people with high credit scores and good income have been denied by Capital One again and again over the years. Who is getting approved for the Capital One Venture X card? Do they deny everyone with good credit?Ĭapital One has a well-earned reputation for being tough on approvals for anyone who has many credit cards with other issuers.
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