I'm trying to get the Venture X for my spouse. I've had it for years and love the card, but since they changed the policy for lounge access, we would like them to get it also. We have tried the pre-approval link on their website about weekly for 5 months, did a real application with hard pull in mid-March, called their number to reconsider (which they obviously don't do) after the application, and are continuing to get a denial for pre-approvals. We aren't sure what they look for.
The reason they give is, "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 for given income."
Numbers:
Credit score (TU): 809
Income: We've tried different numbers all between $200k-400k.
Cards opened last 12 months per credit report: 0
Cards opened last 24 months per credit report: 3 (2 primary, 1 authorized user)
One thing that jumps out is we've experimented with different employment statuses (unemployed, retired, other). Since their credit report shows no employer (as a stay-at-home parent), I wonder if Capital One auto-rejects since the income doesn't make sense based on employment status. Regardless, I'm at a loss.
If anyone has any tips outside of waiting for 0/24 to happen, I'd love to hear it, please.
Trying to figure out Venture X approval requirements
byu/ReadyForSummerAgain inCreditCards
Posted by ReadyForSummerAgain
2 Comments
Good luck. It’s an enigma. Capital One is notoriously unpredictable with their Venture X approvals.
I’ve also tried with similar stats and have been denied with the same reason. I was told that CapOne is reluctant to open lines if you have too many other banks in your portfolio since they want you to be a dedicated user. In my case, I do have other cards (some Citi, Amex, CU, etc).