I utilized for the Capital One Venture X bank card and recorded the applying course of! Learn a SECRET TIP earlier than you apply, perceive what’s concerned, PLUS I’ll expose my credit score rating on the finish 😀 Click “Show More” to see Ad Disclosure.
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🎬 VIDEO (Capital One Venture X Review):
BACKGROUND
– Capital One pulls from all 3 credit score bureaus, which means you’ll get 3 inquiries for every new bank card utility (i.e. 1 on Experian, 1 on TransUnion, and 1 on Equifax). However, you’ll be able to freeze both Experian or Equifax to keep away from a type of inquiries (TransUnion should be unlocked). So, take into account freezing the report that has the best variety of inquiries so Capital One received’t see them. This could put the chances of approval extra in your favor. For me, I had the very best inquiry depend on Experian, so I made a decision to freeze that report earlier than submitting my Capital One Venture X bank card utility.
– Note 1: Performing a safety freeze in your credit score report just isn’t mandatory. It’s merely a tactic that can be utilized when it is smart, as within the case of hiding inquiries that would probably harm your approval odds.
– Note 2: Freezing credit score experiences received’t work for all purposes with all banks. The data supplied on this video is particular to Capital One as of the recording of this video.
EXPERIAN CREDIT FREEZE
– Go to
– Click on ‘Add a security freeze’
– Select ‘Freeze my own credit file’
– Go by way of the method
CAPITAL ONE VENTURE X (mini assessment)
WELCOME BONUS (Dec. 2021)
Earn 100,000 Venture miles (price $1,000+ in direction of journey) after spending $10,000 within the first 6 months, PLUS obtain a $200 Vacation Rental Credit for use at eligible retailers, together with:
– Airbnb
– Turnkey
– Vacasa
– VRBO
ANNUAL FEE = $395
EARN MILES
– 10X Hotels (booked through Capital One Travel portal)
– 10X Rental Cars (booked through Capital One Travel portal)
– 5X Flights (booked through Capital One Travel portal)
– 2X Other Purchases
MAIN BENEFITS
– $300 Annual Travel Credit
– 10,000-Mile Anniversary Bonus
– Airport Lounge Access: Capital One Lounges and Priority Pass lounges
– $100 Global Entry / TSA PreCheck Credit
– Free Authorized Users: Add as much as 4 licensed customers at no cost.
– Hertz President’s Circle Elite Status
– Visa Infinite Benefits, together with Luxury Hotel Collection
– No Foreign Transaction Fees
MY CREDIT FACTORS – BEFORE
Credit Scores
– Experian: 783 (FICO Score 8)
– TransUnion: 806 (VantageScore 3.0)
– Equifax: 826 (VantageScore 3.0)
Inquiries
– Experian: 9
– TransUnion: 5
– Equifax: 0
New Accounts
– Past 6 months: 0
– Past 12 months: 1
– Past 24 months: 3
Average Age of Accounts
– 3 12 months 11 months
Prior Relationship
– I’ve been with Capital One since 2017
– 1 private bank card: Capital One Venture Rewards card
– 1 enterprise bank card: Capital One Spark Cash Select card
– 3 Capital One checking accounts (private)
– 1 Capital One Savings account (private)
MY CREDIT FACTORS – AFTER
Credit Scores
– Experian credit score rating had no change (frozen)
– TransUnion credit score rating dropped from 806 to 802 (4 factors)
– Equifax credit score rating dropped from 826 to 823 (3 factors)
Credit Inquiries
– Experian had no change (frozen)
– TransUnion elevated from 5 to six (1 new)
– Equifax elevated from 0 to 1 (1 new)
New Accounts
– No modifications to any report (Venture X received’t be reported for a number of weeks)
Average Age of Accounts
– No modifications to any report (Venture X received’t be reported for a number of weeks)
WHY I CHOSE THIS CARD
1. Welcome Bonus: 100,000 miles is price $1,000+ in direction of journey
2. Spend Requirement / Return on Spend: I might spend $10,000 in 6 months with my regular bills. $1,000 bonus ÷ $10,000 spend = 10% return (nice!)
3. Capital One Lounges: DFW airport = 1st location. I fly to / by way of this airport a number of instances per 12 months.
4. Strong Value with Simple Rewards: Easy to wipe out journey purchases through assertion credit score at 1.0¢ per level. Potential for greater worth through switch companions.
Disclosure: This web site is a part of an affiliate gross sales community and receives compensation for sending visitors to accomplice websites, akin to CreditCards.com. This compensation could influence how and the place hyperlinks seem on this web site. This web site doesn’t embody all monetary corporations or all accessible monetary presents. The content material on this video is correct as of the posting date. Some of the presents talked about could now not be accessible. Mark Reese just isn’t a monetary advisor.
#capitaloneventurex #travelcreditcards #creditcards
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