To glitchy for me I like the idea but there's way too much have to sync all the time. Maybe one day I'll fix that problem but like that for over year
@jakea3398
10 ай бұрын
I’m 3 personal cards and 1 business card from them in a 6 mo range. What a strange issuer…but imo, best overall bank for miles and ease of use. I pay effective $100 a year for all 4 and have gotten 220k bonus points and more from everyday spend. Who else gives you that kind of value?
@MarkReese
10 ай бұрын
Awesome! 🏆
@shelbychilingirian1479
5 ай бұрын
@@MarkReese. Should I get one ?
@MarkReese
5 ай бұрын
@@shelbychilingirian1479 - Only you can determine that for yourself. Watch this video for guidance: kzitem.info/news/bejne/rY2M0K6tgoScfmUsi=lNwbdmXnHIHFEC0Z
@eduardomorales2379
3 ай бұрын
What cards are in your rotation?
@jakea3398
3 ай бұрын
@@eduardomorales2379 I have the VenX, regular Ven, Sav1, and Spark miles card
@jamilbanks481
10 ай бұрын
Hey Mark, I am sure that I was not the only one who suggested this video idea to you, nor that you even needed us to suggest it. Nonetheless, thank you very much for the effort you have put into yet another masterclass.
@MarkReese
10 ай бұрын
You're welcome! 🏆
@paulstein916
10 ай бұрын
Thanks Mark for this excellent detailed video on applying for Capital One cards. The 3 hard pulls without knowing if you’ll get approved is a real turnoff to me. I’m waiting to see the WF and Citi new offerings.
@MarkReese
10 ай бұрын
💯👍
@Carsandcoffee23
9 ай бұрын
@@MarkReeseI personally will never ever get a business credit card from capital one because the credit utilization is reporting on your personal credit
@MarkReese
9 ай бұрын
@@Carsandcoffee23 - Some of their biz cards may...others may not. More info: milestalk.com/capital-one-spark-cash-changes-wont-report-to-personal-credit-bureaus/
@chrisoverbey5937
10 ай бұрын
That sensitivity to recent new accounts really complicates things
@MarkReese
9 ай бұрын
It sure does.
@LionsDad.
4 ай бұрын
Thanks for the checklist at the end.👍🏼Great video in general!
@MarkReese
4 ай бұрын
Glad it helped!
@johnwick860
9 ай бұрын
another comprehensive & useful video... thanks sir!
@MarkReese
9 ай бұрын
You're welcome 👊
@fuge511
9 ай бұрын
i would like to add that, putting all of your spending on the first c1 card you have from them 3 months before getting a second one might also help approval odds. opening the free checking account might be good too. c1 needs to think they can make money of you
@MarkReese
9 ай бұрын
Potentially 👍 I haven't seen any data suggesting a checking account helps though.
@TheUsflow
9 ай бұрын
@@MarkReese @fuge511 I do not understand C1. Why wouldn't opening a checking/savings help? Why would having one hard pull in six months be grounds for a denial when you have 3 months of $20k in savings with C1, and an 800 plus credit score and 1% utilization? And if C1 needs to think they can make money off you but you have $ in a C1 checking account, they could either interpret that as being able to make money off you by paying less interest than top banks and T-Bills or not being able to make money off you because you won't carry a balance. And if I get denied for Venture X, I will withdraw from C1 savings, cancel $95 Savor card, uninstall Capital One Shopping extension and move to Amex which means that C1 will make NO money off me.
@MyNameJim
4 ай бұрын
They are not a relationship bank and the checking/savings will NOT help you with approval odds. It’s entirely based on credit card app first impressions
@OfficialMichaelGlathar
9 ай бұрын
Great video Mark! Unfortunately Capital One cards are the ones I probably won’t be able to get since Capital One is too stingy with me. Otherwise I’d love to get those cards.
@MarkReese
9 ай бұрын
You mean 'Mark,' yes? 😄
@OfficialMichaelGlathar
9 ай бұрын
@@MarkReese lol sorry I meant to comment on Daniel’s video and must have on yours and yours on his. Your video was great too as I have issues with getting approved for Capital One cards. I apologize for the mixup
@MarkReese
9 ай бұрын
@@OfficialMichaelGlathar - All good! Capital One can be difficult to predict / understand. Plenty of other great offers from other issuers though 👊
@JohnsCreditAndFinance
10 ай бұрын
I applied for my Capital One cards by using the pre approval tool and both were accepted although *1. They're for "Good credit", and not "Excellent credit"* I've been dying for an increase on both but thanks for pointing about this out! I will have to maybe call & see if they CAN manually increase it or If this rule applies 'bout increases! Enjoyed the video!
@MarkReese
10 ай бұрын
Thanks for sharing your data point!
@uhno118
10 ай бұрын
Great video Mark!
@MarkReese
10 ай бұрын
Thank you!
@samkawer
10 ай бұрын
Does having a bank account with capital one help with your capital one credit cards
@MarkReese
10 ай бұрын
Not that I'm aware of.
@Nick-1828
10 ай бұрын
If Capital One made a rotating 5% category card I'd seriously consider leaving Chase to give them a try. But, Cap 1 seems to dislike me and rejects me for too many recently opened accounts but will gladly approve my wife with the same data points lol. Chase's 5/24 isn't my favorite but Chase seems to instantly approve me at 1 card a month as long as I'm under 5/24 while other companies won't.
@MarkReese
10 ай бұрын
Great that Chase plays nicely with ya!
@Thecreditcardconnection
10 ай бұрын
Mark, Capital One is just a Giant Pain in the you know what! lol. I give you credit! Thank you for the info and video!
@MarkReese
10 ай бұрын
Glad you liked the info!
@itsludaa
10 ай бұрын
Ugh. I’ve been waiting for my 6th months to be over, since getting my venture card, so I can apply for the Savor one. 😔
@MarkReese
9 ай бұрын
👍👍
@fuge511
9 ай бұрын
please let us know how it went!!!!
@zenster1097
10 ай бұрын
Too much work. Not great cards anyway. I really don’t like the different versions. Especially for excellent credit (which I got).
@MarkReese
10 ай бұрын
👍👍
@pointsofview6346
10 ай бұрын
When I applied for the Capital One Venture X and Savor One cards there was a question asking if you carry a balance and I answered "Sometimes" and got approved for both of those cards. While that question may not be a determining factor to an approval its a good data point to know.
@MarkReese
10 ай бұрын
Thanks for your data point!
@pointsofview6346
10 ай бұрын
@@MarkReese The Ikon Pass for Winter skiing codes for 3% back on the Capital One Savor One Card. Should code for 4% back on the Savor card. Another great thing about the Savor cards.
@jun.oshima
5 ай бұрын
I hate the 3 hard pull rule from C1, such a predatory tactic🤬
@MarkReese
5 ай бұрын
✌ I hear ya. It's less than great, but at least it's one pull per bureau. Most banks pull Experian for me, so having inquiries on the others doesn't do much. But of course I'd still prefer C1 didn't do this 😄
@joelwest1049
3 ай бұрын
I used to have credit cards.Then I got upside down.I tried to pay Them all off responsibly.I don't have No credit cards now And it's been years Sense had a credit card. What should I do? Thank you very much.
@MarkReese
3 ай бұрын
If there's any residual temptation to use credit cards in a way that would put you in a bad spot financially, continue to avoid them.
@davidmiller661
9 ай бұрын
Hey Mark! I think the 2 card rule only applies if one of your cards is the Platinum card or Quicksilver cards for fair credit. But... only once you have one of those cards does the 2 card limit start. I have the Savor One for good credit and a Quicksilver that I believe is for fair credit because I keep getting blocked from having a third card. I think if I upgrade the Quicksilver to a Savor One or Venture card that limit will be lifted. Great video btw!
@MarkReese
9 ай бұрын
Interesting data point, thanks for sharing!
@christopheresquivel4169
10 ай бұрын
Will be applying for the venture x beginning of 2024. Do I call Cap One to product change my quicksilver (excellent credit/no af) to a savor one?
@MarkReese
10 ай бұрын
For product changes, you'll have to call Capital One & ask if your Quicksilver card is eligible for a product change - and if so - what your options are. It can vary from one person to another.
@p1lowboy
5 ай бұрын
Also the reason I got denied for the venture x is having a personal loan.
@MarkReese
5 ай бұрын
Bummer. Was it because the balance was too high? Or just because you had a loan (regardless of the amount)?
@p1lowboy
5 ай бұрын
@@MarkReese they only stated because I had one in the rejection letter, but then approved me for a savor one with a 3k credit limit
@MarkReese
5 ай бұрын
@@p1lowboy - Congrats on the approval for the SavorOne!
@iAmBrah
10 ай бұрын
its 1 card every 3 months now. confirmed this with daily pre-approval checks
@MarkReese
10 ай бұрын
Meaning you checked pre-approval offers every day for...how long?
@iAmBrah
10 ай бұрын
@@MarkReese i heard it was rumored to be once every 3 months, so about a week before i hit 3 months i would check pre-approval daily on their website and got absolutely nothing until the exact 3 month mark
@TheUsflow
9 ай бұрын
@iAmBrah Did it actually change from not pre-approved to pre-approved exactly at the 3 month point?
@08710909
10 ай бұрын
I live 10 mins away from Capital One's headquarters. I need to get in to there ecosystem.
@MarkReese
10 ай бұрын
😄👍
@markcantu1455
9 ай бұрын
Capital One doesn't have a reconsideration line? I've called multiple #s and they all give me the same answer. Thats it's automated and they would have to rerun my credit again...
@MarkReese
9 ай бұрын
Not an official recon line that I'm aware of. Did you try the # on this Forbes article? www.forbes.com/advisor/credit-cards/credit-card-reconsideration/
@markcantu1455
9 ай бұрын
@@MarkReese I've used that one and other #s as well. Capital one doesn't have a reconsideration line unfortunately. Its computer based and that's the final day so. They want you to rerun your credit and more than likely you'll get denied again.
@grimmzuul8586
3 ай бұрын
1/6 rule...this is False, I just got a Capital One Platinum Card in 4/24 with a 3000 limit, and then the quicksilver good credit card in 6/24 for 3000 limit. and also, in 6/24 got a credit limit increase on my Capital one Platinum to 5000 limit.
@anonymousfairy392
3 ай бұрын
Credit score?
@grimmzuul8586
3 ай бұрын
@@anonymousfairy392 My Credit score depends on which one you look at; the low score is 693 and the highest score is 706 mid score was 699. and this is 4 months after the end of my chapter 13 bankruptcy 2/24 when I started rebuilding my credit.
@grimmzuul8586
3 ай бұрын
I would like to add that I did have a 5-year history with 3 Credit cards and a Car loan (Car loan I paid off before my bankruptcy) with Capital one where I always made my payments on time until my financials went haywire. all of the cards had 5000 limits and were all maxed out before I filed for bankruptcy on them, and all 3 accounts were charged off.
@MarkReese
3 ай бұрын
Congrats on the approval & thanks for sharing your data point!
@MichaelB-od3xh
10 ай бұрын
Nice video but you are wrong about "bucketed" cards(especially with good credit) never getting a credit limit increase. If the card is being used regularly with no issues like late payments, returned payments, etc...Cap1 will give credit limit increases. HOWEVER(especially with fair credit)the increases will be tiny a lot of times. Like $100 increases seem to be common. But bucketed cards can also get increases of $500, $1000 at times. But they aren't gonna grow too much as a bucketed card.
@MarkReese
9 ай бұрын
Could be. I've also received data points from people who get 0 increases no matter what. Even with product changes, Capital One takes an account-by-account approach. It seems like a handful of their 'rules' are not universally applied.
@Dccox3390
10 ай бұрын
Thanks Mark for all you do. Could being an authorized user be held against me in the last rule, no new accounts in last 6 months. Tried 3x for preapproved venture x and always denied. Have approximately 18 cards with 829 or higher score consistently, 2 percent usage and one cap one savor card.
@Lancun
10 ай бұрын
Capital One is a subprime lender, so if they see a lot of accounts and a credit score too high, you might be out of luck. They want that interest money.
@MarkReese
10 ай бұрын
Not sure about AUs in that regard.
@TheUsflow
9 ай бұрын
@@Lancun But Venture X is not a subprime offering.
@TheUsflow
9 ай бұрын
How many of the 18 are you only an authorized user? Did you ask Capital One if being an authorized user counts as an open revolving line of credit? 18 is quite high, and they probably think you are a churner. How many cards did you have when you got the Savor?
@Dccox3390
9 ай бұрын
AU on two partner cards, savor open for 6 years
@yohannmessam
10 ай бұрын
I applied for venture this year and got denied.. the reason said "too many open lines of credit" This would of been my first capital one card ever but i have many cards from other companies.. i didnt see this reason in the video but its definitely something to look into.. i dont have any other lines of credit besides cards
@MarkReese
9 ай бұрын
Bummer. You're not alone though, I've seen that reason reported by a number of people.
@yohannmessam
9 ай бұрын
@@Shawn.credit yea it sucks.. now im essentially locked out for life lol i wish i knew this years ago
@TheUsflow
9 ай бұрын
how many cards do you have?
@yohannmessam
9 ай бұрын
@@TheUsflow 10
@gibertyess7089
10 ай бұрын
what does “based on your credit report from one or more of the agencies on the back of this letter there are too many revolving accounts” mean?,does that many to many open credit accounts or too many accounts in general for them to approve me?
@MarkReese
10 ай бұрын
I'd guess too many open accounts, though I can't confirm that. You'll have to ask Capital One directly.
@brianm8798
10 ай бұрын
Mark I got offered to apply for a savor one card when I opened my capital one app and I have 100 % payment history with my other card ,I had a good credit score at the time. I applied I got 500 to start and 9 months 0 Apr then 6 months after 100 increase. I don’t think I was bucketed since capital one made the offer plus I got that 0 Apr on it. What’s your opinion on this? . All I can do is just keep using and ask for increase every so often. Only time will tell great card though
@BNAFitnessTV
10 ай бұрын
They approved you with a $500 starting limit? What was your FICO score at the time of applying and what was your average age of credit history?
@brianm8798
10 ай бұрын
@@BNAFitnessTV ruff math I believe my age of my oldest card is like 5
@MarkReese
10 ай бұрын
I wouldn't be able to confirm if the card account is bucketed or not.
@brianm8798
10 ай бұрын
No problem just thought I would get your take on it , I think I be fine
@WilliamWeaver-x4v
10 ай бұрын
Incorrect was denied and i have a 675 credit score. Meet your whole list
@MarkReese
10 ай бұрын
I don't follow. What's incorrect?
@SyGuy100
10 ай бұрын
@MarkReese Hey Mark, was wondering why you keep the $95 Venture card around when you already have the Venture X. Do you have plans to downgrade to the $0 VentureOne card or perhaps ugrade to another Venture X. Curious about your strategy. Thanks for the content!
@MarkReese
10 ай бұрын
No strategy involved with that. It was simply to have access to both cards to make KZitem reviews & comparisons. I like to show on-screen demos / screenshots, so demonstrating the differences of "2 lounge passes" vs. "unlimited access" was desired for select videos.
@johnwick860
6 ай бұрын
hi Mark, does low cost carriers appear in Capital One travel portal? Japan LCCs doesnt appear in google flights as well as Chase travel portal
@MarkReese
6 ай бұрын
All I can say is that I've seen Frontier and Spirit appear in search results via the C1 portal. I haven't looked for international LCCs.
@tityz7913
8 ай бұрын
Hi, I’d like to confirm I can apply this card even though I opened Ink preferred on 8/2023, correct? Do I get it right that CIP is business card and it won’t be reported? Thank you.
@MarkReese
8 ай бұрын
Opening the Chase Ink Preferred itself does not affect your chances of getting a Capital One Card. The only thing that could affect your chances would be the inquiry from the application. However, if that's the only one you've had recently, then it shouldn't be an issue. The Chase Ink Preferred will not get reported on your personal credit file.
@tityz7913
8 ай бұрын
@@MarkReese Thanks for your reply! When I checked credit karma, TransUnion shows 4 inquiries and Experian shows 5 inquiries. Should I get worried? Do I need to freeze one of them? And yes my lastest application was Ink preferred was in August 2023.
@caribdude8151
10 ай бұрын
Hey Mark, just wondering but that Spark Business card you have is a VISA. It looks like on the C1 website all personal and business cards are mastercard except the Venture (95 annual fee) and the Venture X so only those 2 are VISA and they r both personal cards, even the new Venture X Business is a mastercard. There is no Business C1 card as of now that I have seen is a VISA. Thanks for the video and replies Mark! Happy Weekend!
@MarkReese
10 ай бұрын
None of the C1 business credit cards on their website show the network logo. Where did you confirm that all business cards are Visa?
@caribdude8151
10 ай бұрын
@MarkReese when you click apply now for the card (no matter what card) it will show either Visa or Mastercard on top right of application page
@MarkReese
10 ай бұрын
@@caribdude8151 - Ah got it. I got mine before the new card design (and apparently the switchover to MC). Perhaps it's grandfathered into Visa for awhile.
@caribdude8151
10 ай бұрын
@MarkReese actually all business cards for C1 are Mastercard as of now. The only 2 cards that are VISA are only the Venture (95 annual fee) and Venture X which are the personal cards. The NEW Venture X Business is also a Mastercard. I know this because I clicked on apply now for each C1 card (personal or business) to confirm this. I'm pretty sure I'm right but of course this may change overtime. 👍
@MarkReese
9 ай бұрын
@@caribdude8151 - Just found out from this post (per their Aug. 2023 update) that the version I have is discontinued to new applicants: milestalk.com/capital-one-spark-cash-changes-wont-report-to-personal-credit-bureaus/
@PandaFPV
3 ай бұрын
Ugh 3 hard pulls? Insane. Any idea how many pulls does Citi make?
@MarkReese
3 ай бұрын
At least it's only 1 per bureau. For me, Citi has been 1 report. However, which bureau (and potentially how many) can vary by region.
@PandaFPV
3 ай бұрын
@@MarkReesethanks for the info
@TheUsflow
10 ай бұрын
Confused as to why you say 0 inquiries/opened cards in the last 6 months 0/6 rule but the terms say "I have applied for a Capital One credit card 2 or more times in the last 30 days". Another comment below was that it is now 0/3. 6 months is a long time to go without an inquiry and there is opportunity cost to waiting. Also, any thoughts on the newish Venture X preapproval tool, and whether opening a 360 savings account would help? Finally, how should we answer the questions about paying off balance and balance transfer checks?
@MarkReese
10 ай бұрын
1. The terms about having not applied for a C1 card are separate from having 0 inquiries (from all issuers). Since C1 tends to not like seeing moderate to high inquiry counts, I was simply stating that I'd personally want to avoid applying from all cards from all issuers for 6 months to clear up my report a bit. 2. No insights about the pre-approval tool. 3. No data to suggest a banking relationship helps. 4. I don't know if there's a "bad / good / better" way to answer the questions about balance transfers. I just said 'no.'
@TheUsflow
9 ай бұрын
@@MarkReese I just don't understand. If the 0/6 rule was in place, that would make it more logical for the terms to state "I have applied for a Capital One credit card ONE or more times in the last 30 days" instead of "I have applied for a Capital One credit card TWO or more times in the last 30 days" which seems to give leeway for ONE Capital One application in the last 30 days, nevermind 6 months. And haha don't they realize that many many people want to build out the famous Duo?
@MarkReese
9 ай бұрын
@@TheUsflow - There's no 0/6 Rule. I'm just saying that if I wanted a C1 card, then I personally would like to have 0 inquiries and 0 new accounts across all banks in the past 6 months. That's not a requirement, just a personal preference.
@Professor5180
10 ай бұрын
If you have a CP1 platinum card and want to get a better card such as a CP1 Quicksilver or Savor One Card what is the best way to go about doing this? I don't want to open up another credit account I would want to just upgrade my credit card. Thanks.
@BNAFitnessTV
10 ай бұрын
you can simply call to product change the platinum card to either the card that you want. I did this and changed my platinum to the quick silver card
@Professor5180
10 ай бұрын
@@BNAFitnessTV Thanks for that info!
@MarkReese
10 ай бұрын
Call Capital One and see if your account is eligible for a product change to another card 👍
@michael_casanova
10 ай бұрын
If I got venture x like 4 months ago and I want to jump on the regular venture with the 75k SUB will I qualify ? Or not since they’re both venture family.
@MarkReese
10 ай бұрын
I can't determine approval odds. All I can say is it's possible to get both the Venture and Venture X with bonuses.
@heshdafresh3191
4 ай бұрын
Hey Mark, I keep getting declined saying they need “more information” I have sent in my two pieces and they still denied me. I reapplied twice now. Idk what else to do, thoughts? Appreciate you!!
@MarkReese
4 ай бұрын
If you provided what they required and denied you after, then you need to find out the reason(s) why.
@heshdafresh3191
4 ай бұрын
@@MarkReese they just tell me more information was needed outside my social and ID. Then told me we can’t give you anymore reasons why after I sent those in.
@MarkReese
4 ай бұрын
@@heshdafresh3191 - Bummer. I can't provide any suggestions without details. I'd just move on to another issuer.
@MaryPreston-x2z
6 ай бұрын
I got preapproved for the smae credit card i already have will they let me get two of the same cards. Example two qhick silver cards?
@MarkReese
6 ай бұрын
I've seen data points of people saying that Capital One allows that, but I can't back it up with my own experience as I haven't tried it.
@blu3ch3w
9 ай бұрын
Do you know any banks or fin techs I could go get business credit cards with new accounts showing on my report with a 780 fico ?
@MarkReese
9 ай бұрын
To clarify, you're looking for business credit cards that DO report to your personal credit report, correct?
@blu3ch3w
9 ай бұрын
@@MarkReese no I’m looking for credit cards that only report to my business report I’m will to pg but I have 4 new accounts that’s under 3 months old reporting on my personal credit report but my fico scores is 780 across the three burues
@MarkReese
9 ай бұрын
@@blu3ch3w - Small business credit cards from the major issuers do not report to your personal file. This includes Amex, Chase, Citi, Bank of America, U.S. Bank, and Barclays. An exception may be Capital One for certain cards. See more info here: milestalk.com/capital-one-spark-cash-changes-wont-report-to-personal-credit-bureaus/
@floridaproductions
10 ай бұрын
I have you a thumbs 👍
@MarkReese
10 ай бұрын
Thank you!
@Kolbi504
5 ай бұрын
I have a average score of 750 and above , no rent or mortgage just a auto loan and wanna apply for venture X, anyone think I can get approved?. I have a good credit history about 5 years. No late payments etc
@MarkReese
5 ай бұрын
I don't have a way to determine approval odds. You profile looks good though!
@juangalvez8594
10 ай бұрын
None !! Thanks Lol
@MarkReese
10 ай бұрын
👍👍
@MzConcept13
10 ай бұрын
Why would you have a venture ($95 annual fee) and a venture x ($395) card?
@israelsonnydiaz5593
10 ай бұрын
sign up bonus?
@MarkReese
10 ай бұрын
I have both for making educational KZitem videos. It's helpful to show screenshots of the different benefits / how they work (e.g. 2 Capital One Lounge passes vs. Unlimited). I also got both welcome offers.
@victorvegas3943
11 күн бұрын
Nope, another misleading video, lasting long enough for a commercial ad to op up and thus make Mr. Reese earn money, that is all you need to know about Capital One approval rules. There is no 100% approval status you can achieve, as Mr. Reese is falsely implying, just to make you start watching this video. It all depends on your credit history. Do not reward people for deliberate misinformation, instead, make a video about these guys by yourself and make money out of THEM LOL.
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