![]() ![]() 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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