/biz/ - Business & Finance

>>54702565
I am "unemployed", went to the airport on vacation with my girlfriend and i was stopped by a lady in a kiosk who asked me what kind of credit card i had. I showed her some fruit coloured thing and she goes "do you want the miles" and I was like ok show me what you have.
I then proceeded to read through the brochure and realized the black card was the only thing worth making a switch.
She did my application for me, i nodded when she asked about income, i own my own home etc... $17000 limit black card lmfao.
That was about a year ago, i think it might be tighter now but that was some 2007-2008 vibe stuff.

>>54702706
From what I understand they want younger people with poor credit utilization but who also pays off their debts. They want to make interest payments off if people. Me I pay my cards off before the due date which might have affected their decision. I also switch cards a lot(apply get bonus rewards, leave) which might also be the case.

>>54702755
my score is like 780 or 800 something like that

>>54702565
>>54702755
Capital one hates people like you, simple as. They want people to pay interest, late fees, and other bullshit fees on their cards. They usually approve you if they can see some late/missed payments, or a bankruptcy on your credit file. They also despise people who regularly open and close cards for the signup bonuses

>in b4 that’s stupid

That’s just the way it is. No issuer comes close to being as bad, except maybe Citi, but at least Citi usually approves you for certain cards of theirs no matter what. Citi is only restrictive on their own branded cards (cobrands are fine), unlike Capital One who won’t even approve you a Walmart card if they can see you never make a mistake

what do? i want 800+

>>54702565
Ok so you are shilling apple savings,QRD then?

>>54702565
Just get the black centurion one or amex gold.

>>54702565
>>54702706
kek. Flexing with color credit card is like flexing with slave colar that you have sticked to your neck.

>apple savings

>>54702565
kek I get approved for a capital one credit card with no problem 2 months after chapter 7 bankruptcy with a credit score of 500

>>54705002
4.15% return high yield account

OP here, never mind they called me out of no where. Apparently I wasn't correct in one of the information, but they didn't account for the fact that I tend to pay off my rentals pretty quickly. They thought I had like 250k in debt but I paid it off since the last refresh to my credit.

Kinda weird that they gave me only 30k for my credit line though.

>>54705170
>they pay you $5 a year to have their card
$5 is still $5, plus getting an additional 5% off placed like eBay or amazon is nice. As well as free access to business class lounges.

I was pretty butthurt when Citi denied me for a Custom Cash card late last year. I have had a lot of inquiries and new accounts. I was going to use it solely for gas stations to get 5% back on gas, but ended up signing up a month or two later for the Gemini CC when they were offering a promo 10% back for the first year on gas purchases. So fuck 'em. Still would like to get a Custom Cash eventually, though (along w/some other cards that are inquiry and new account sensitive, Chase Freedom Flex, Kroger/US Bank card, etc.) and then product change my current Double Cash to a custom cash so I can have both as 5% cards dedicated to different categories.

I guess I get it too though, most banks probably lose money on me. I don't churn CCs, but I do chase that cashback and never carry a balance.

>>54705362
Most banks lose money on me as well, like I just get the bonus rewards then after a year I cancel the card. This was what I thought they denied me for but they said it wasn't that since Chase was their direct competitor. Chase Reserve is a good card but the $500/year sucks. Plus I hardly go to the moves nor do I stream shit because I hate woke Hollywood. Add to that I don't use Ubereats/Online groceries because I hate tipping niggers. And there is no reason to have Chase.

I do spend a shitton using them to quickly earn points, like I will be leaving Chase with 100k pts to my name. Best thing to do with reward cards is to pay everything using them then paying them off before the interest hits.

>>54705421
Can you chill it with the antisemitism and racism? This isn’t /pol/.

>>54702565
>198k in Apple Savings
Peak plebbit

>>54705438
kill yourself kike shitskin

>>54705438
Shuttup nigger

>>54705441
I don't care about Apple, I just like the 4.15% with no hidden maintenance fee. I don't get why /biz/ would hate this? Sure something like CIT or UFB is higher but its takes forever to get money out unlike Apple. Plus customer service for these banks have work hours that isn't compatible with mine. I would also think that the increase in offerings from these banks are a result of Apple entering the market.

*inb4getanETF

I literally lost a little money from 2019 to 2022 with an ETF. Whatever gains I had in 2019 is wiped out from 2020-2022.

>>54702565
I just got this card like a week ago, FICO 795, do not own a home not have as much in savings as you. Did you just get a bunch of credit cards recently?
I got the normal venture capital, the BILT and a Chase Business card last fall, and then thye rejected me from this one, just applied like a week ago and got it though, likely becuase sufficient time had passed since my last new CC.

IU think i might actually keep this card long term to be honest, decent benefits and the annual fee is basically non existence since the give $300 travel credit and 10k miles yearly, way better than the amex platinum or the chase sapphire reserve

>>54705558
I also have a high income job and already had an account with them via the normal Venture Capital which is alos a good card imo, though I am gonna cancel it now that I have this one

>>54705558
>>54705276
OP here, right after I made the thread they called me. Apparently one of the security questions in regard to credit I got wrong. Now that's fixed they approved me. Yea I'll probably keep this card long term as well, I travel but not enough to justify the Chase. But I do travel enough where the Venture X is perfect for my needs.

Have a bunch of cards I wanna open for cashback, but also want to time them with big purchases/spending periods for churning points. Still haven't had a chance to open any new cards.

>>54705545
Simply put, hating apple passes for a personality with android users. Meanwhile apple users don't think about them at all.

>>54703104
>>54705421
What’s the credit hit on canceling a card? I do the same thing and routinely have zero balances on my card. But I also have a random capital one card that is collecting dust that I only keep for the credit age.

>>54706181
And your personality trait is unabashed hyperconsumerist niggercattle

>>54706459
Zero even if you do like I do and get a card, take all of their bonus points then cancel right away. The trick is to not ever pay late when you have their cards and pay off your balance, letting it say zero before you cancel.

>>54706465
turning down yield because you hate the company's brand is all of those things

>>54702565
what the fuck is an apple savings?

>>54707113
I mean in his defense compared to an ETF which can return 2-3x the yield on the surface its not that good. That being said if you factor in maintenance cost and the potential for loss an ETF is only marginally better than a high yield saving. Personally I just want to deposit and forget it, I am getting old. And I want to just spend my weekend enjoying my money.

>>54707140
new high yield savings account by apple from goldman sachs like their apple credit card

>>54706465
Good job proving the point

>>54706465
I take it you dont own a phone or computer? Oh wait... you're retarded

Suspicious thread
shitty annual fee points card like all other similar cards from all other banks, yet anon is vying for it for some reason

>>54708267
>yet anon is vying for it for some reason
There are people that go for cashback cards, like myself, there are others that go for travel cards, that Venture X is less than a year old but it is compelling to travel card seekers. It made a large splash in credit card communities because it is considered competitive with other popular travel cards

>>54705232
What you think about inflation?

>>54705362
Yup Citi branded cards are a bitch to get approved for. Apply for an AA or Costco card and they’ll happily approve you with a large credit limit. It’s stupid and makes no sense, but that’s how they are

>>54706459
There won’t be any hit on your credit. But if there’s a Capital One card you want, you may want to try product changing that card to it instead since they’re so stingy with approvals

>>54705582
Glad to hear you got it. I’ll also be keeping my Venture X Business long term as long as they don’t fuck with the benefits too much

>>54708527
>Yup Citi branded cards are a bitch to get approved for
huh, I've just had the opposite experience, I have high 780+ credit but my income isn't fancy or anything, $37K/year

>>54706545
Hm interesting. What cards do you recommend? I have a capital one card that I actually froze in case I lose it because I haven’t used it in years. I have the amazon one and the discover card.

>>54708768
Depends on what you are into, you like buying tech stuff then the Amazon and Discover cards are nice. Discover cards have things like PayPal, Amazon and Bestbuy. All of which happens during the 3rd/4th quarter. If something you want go on Black Friday sale, if you buy it via Discover you get an additional 5% cash back. So hang onto those especially since there's really no fee associated with them.

If you travel at least once a year there's really no reason to get anything other than the Venture X. It basically does the same thing as the Chase Reserve but you get $400 cash back from its $395 membership fee, so basically you get $5 for using their card. For Chase you're just going to have to pay for their membership fee which is $550.

If you don't and just want its basic rewards the free cards basically do the same thing.

>>54708965
I've been looking into a travel credit card. I might have to see if I can get approved for the Venture X. I hope they get more lounges made.

>>54702565
bros my credits like 690 and i make 85k but i cant even get more than $500 in credit. wtf, i need a new computer god damnit.

>>54709546
Why don't you inquire about a credit limit increase? or better yet apply for a different card

>>54702565
Capital One is one of the most annoying ones to get your foot in the door with.
If you don't have 1+ years of credit card history, they're not interested.
But if you have TOO MANY credit cards over your years of history, they're also not interested. They want customers they think will use their ecosystem exclusively.
You can try opening a checking account, then try again in a few months as long as you didn't open any other credit cards.
Other major pain in the ass: US Bancorp

>>54705362
>current Double Cash to a custom cash
What's a custom cash card? How is it better than the double cash?

Credit card bros, I have a 730 score but I’ve had a lot of hard inquiries in the last year. I want to get approved for a balance transfer card to move debt off my venture. Fucking Discover denied me. What company if any should I try instead?

>>54702565
>Apple Savings
they know youre a retard

>>54703104
Dafuq you on about? I have a near spotless record and always pay my full balance every month. About a 750 credit score, with a 15 year credit history. Capital One approved me a Venture One card with no issues?

>>54709614
It compliments it, it gives you 5% back in your highest category per month, 1% everywhere else, >>5% eligible categories: Restaurants, gas stations, grocery stores, select travel, select transit, select streaming services, drugstores, home improvement stores, fitness clubs, live entertainment

>>54702565
Capitol One is highly niggerlicious

>>54709501
I went to one with my Chase card, its the same lounge. The ones in LAX is pretty shit, full of smelly pajeets and beaners. The ones in LV is pretty okay but still shit compared to lounges in other country.

The one in Narita though... my God... It's like stepping into a 4 star hotel and everything was fucking free from Yakiniku, to delicious handmade to order sushi and ramen. The shower was spotless the time I used them and you have your own private room to sleep for a few hours.

I heard the one in Suvarnabhumi even is better with a free 30 min massage.

>>54702565
Stop being poor anon just tell them to give it to you.

I was instantly approved for $50k not that hard when you stop thinking like a poorfag

>>54702565
>Capital One Venture
I got approved for a $15,000 limit on this card back in 2014 at around 25 years old. I had a 670 credit score and about $100k income at the time. I maxed it out like a nigger and never paid them back. Took 7 years to go away and I'd never do that again. I rock an AMEX platinum nowadays. Why not just combo AMEX PLAT/GOLD? Are you a poorfag?

>>54711225
Venture =/= Venture X
>Why not just combo AMEX PLAT/GOLD? Are you a poorfag?
Probably because the value proposition for the Venture X is higher than the Platinum+Gold, you need only read an article or watch any video reviewing the venture x made in the last year to see that