Capital One Venture Rewards Credit Card: Earn 60,000 Miles with $3,000 Spent on Purchases within 3-Months of Account Opening
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Capital One is offering a 60,000 mile bonus after you spend $3,000 on purchases in the first 3 months of account opening with the Capital One Venture Rewards Credit Card. Annual fee is $95.
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capital one doesn't care about misusing the statute of limitations to further their agenda, they just want to have the ability to hit your credit report hard...
advice? grab a loan from another lender that will actually increase your credit limit (don't forget that it accounts for a major portion of your credit score)
I also have 800++ score..... keep in mind that CC companies make the plurality of their money[fool.com] in interest charged to people that don't pay in full (e.g. people that are not you or I). For reference, in 2016, 39% of money was made from interest (not paying in full), 16% on cash advance, 8% in annual fees, 7.5% in penalties. That leaves 26% in interchange (what the merchants pay) and about 4% for enhancement which is shit like insurances they sell.
So, on you or I or any other person that pays in full, never gets a cash advance and doesn't buy their crap, the best case is that they are making interchange, but keep in mind there is an expense to this as well (or, liability) - rewards, to offset that.
If a merchant is paying 1-2% (it varies, plus there's a flat fee of 5-10 cents or so) but the CC company is giving back 1% of that to you, and since you're a good user (e.g. they won't be deleting your rewards), then you're frankly not that attractive of a customer - they're barely breaking even on you!
I'm in the market for a new CC after I discovered the CC I've been using for gas (5% back), the rewards expire which is a shit thing to do.
I read that Cap1 is sensitive to the number of new inquiries or new accounts in the past 24 months. Carrying balance on other credit cards might help
I've been using this card for years. I hear that Sapphire is better unless you travel a lot. I really like the purchase eraser because I like to find my own travel deals and then reimburse myself. It's fairly low-hassle. I also had to have Capital One step in to dispute with Carnival when they wouldn't refund my money in a timely manner when Covid hit and they were helpful. Bottom line is that if you like to do you own travel deal hunting, I think it's pretty good and with no travel since Covid I'm sitting on so much travel funds right now lol.
I've been using this card for years. I hear that Sapphire is better unless you travel a lot. I really like the purchase eraser because I like to find my own travel deals and then reimburse myself. It's fairly low-hassle. I also had to have Capital One step in to dispute with Carnival when they wouldn't refund my money in a timely manner when Covid hit and they were helpful. Bottom line is that if you like to do you own travel deal hunting, I think it's pretty good and with no travel since Covid I'm sitting on so much travel funds right now lol.
Do they really do 3 hard pulls in each credit bureau? I have a cap one quicksilver I believe. Would I qualify?
Does anyone know if this is for new Cap One customers only, or could it possibly work for existing cardholders? I checked their website, but there is no info regarding that question.
BTW, $95 annual fee associated with this card. Still worth it IMO for 60K miles with only a 3K spend.
I have had this card for years with a 750-800 credit score, and for years they refuse to raise my limits. I honestly don't know why I even still have this card, screw them.
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advice? grab a loan from another lender that will actually increase your credit limit (don't forget that it accounts for a major portion of your credit score)
So, on you or I or any other person that pays in full, never gets a cash advance and doesn't buy their crap, the best case is that they are making interchange, but keep in mind there is an expense to this as well (or, liability) - rewards, to offset that.
If a merchant is paying 1-2% (it varies, plus there's a flat fee of 5-10 cents or so) but the CC company is giving back 1% of that to you, and since you're a good user (e.g. they won't be deleting your rewards), then you're frankly not that attractive of a customer - they're barely breaking even on you!
I'm in the market for a new CC after I discovered the CC I've been using for gas (5% back), the rewards expire which is a shit thing to do.
Do they really do 3 hard pulls in each credit bureau? I have a cap one quicksilver I believe. Would I qualify?
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Does anyone know if this is for new Cap One customers only, or could it possibly work for existing cardholders? I checked their website, but there is no info regarding that question.
BTW, $95 annual fee associated with this card. Still worth it IMO for 60K miles with only a 3K spend.
i've have venture forever and would love a bonus
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