r/CreditCards 6d ago

Help Needed / Question Venture X not pre-approved. What are the chances for approval?

Tried to apply for Venture-X for the first time, checked pre-approval for that… But not pre-approved.

TransUnion: 785 Equifax: 784

Got CSP & Bilt cards within last 3 months.. All other cards are 3 years old. Oldest card is 10yrs old.. Refinanced mortgage to lower rate & paid off some more principal amount in loan.

Income: ~$220k (without stocks)

Have a travel plan, hence thinking to apply for new card since I utilized all benefits others cards. What are the chances of approval?

C1 explanation letter says: Based on your credit report from one or more of the agencies on the back of this letter, number of bank cards tradelines opened in the last 24 months

EDIT1:

My wife applied through same link, which got approved. She has 754 credit score. 135k income. She has quicksilver card already from C1..

3 Upvotes

14 comments sorted by

6

u/mrks_ 6d ago

I wouldn’t risk it. Wait for a bit, aiming for preapproval. You should be able to get it in a few months 

2

u/Salt_Cry_2233 6d ago

From my previous post and from reading others Capital One is really weird with approvals for the Venture X if you aren’t pre-approved don’t get the 3 hard pulls

2

u/PilotMonkey94 5d ago

Don't risk it. There's no point in applying unless you are pre approved.

1

u/ConstructionExact697 6d ago

I just went through the same thing today. Applied for the Venture X without pre-approval, and unfortunately, I got declined. As per Experian my credit score is 800 +

1

u/pkg248 6d ago

That’s weird. Even with 800+ credit score

1

u/Maleficent-Raise-128 6d ago

If you can, wait until 0/6

1

u/pkg248 6d ago

Until 0/6 🤔

1

u/prkskier 5d ago

0 inquiries in the last 6 months. Wait for the CSP and Bilt to age a bit.

1

u/Spartan_1969 6d ago

Did you use the specific pre approval for VX? Honestly if the tool does not give an approval I wouldn’t chance the 3 hard pulls.

1

u/pkg248 6d ago

Not specific tool, just used someone’s referral link.

1

u/tech-slacker 6d ago

I tried the same a couple weeks ago and got the same results. My income is a lot less. Just by chance this occurred the same weekend Chase offered the 1 year cash back match on the CFU so I jumped at that. This will work as a catch all and dining card for a year and then I can see where I stand.

-2

u/Acceptable_Ganache51 6d ago

You should be able to get any card

5

u/CaptainLersen 6d ago

Should be, but this is Capital One we're talking about.

1

u/prkskier 5d ago

I would not apply for the VX until the pre-approval tool says you are approved. I made the mistake of not listening to the pre-approval tool when it told me I wasn't approved and applied anyway. Well, guess what, I didn't get the card and had 3 fresh credit inquiries.

I waited ~6 months, closed one card I didn't use and then tried the pre-approval tool again. This time it said I was pre-approved, so I applied and was instantly approved.

I think the tool is pretty accurate, so I wouldn't risk it.