Doctor of Credit reported yesterday that Capital One has added new terms regarding the welcome bonuses on the Capital One Venture Rewards Credit Card and Capital One Venture X Rewards Card as follows:
How does my spend bonus work?You will earn 75,000 bonus miles if you spend at least $4,000 within 3 months of your rewards membership enrollment date. Once you qualify for this bonus, we will apply it to your rewards balance within two billing cycles. You are not eligible for this product if you have received a new cardmember bonus for the Capital One Venture card or the Capital One Venture X card in the past 48 months.
As you can see above, the new language notes that you are not eligible for the welcome bonus if you have received a new cardmember bonus on either the Venture or Venture X card in the past 48 months.
Previously, this language existed separately for each version of the card. That is to say that you would need to wait 48 months before being eligible to earn a new cardmember bonus on the same product, but it was possible to separately open both the Venture and Venture X cards within a shorter timeframe. Unfortunately, it seems like that is no longer possible.
All that said, Capital One is notoriously difficult/unpredictable for those who have opened many credit cards, so it wasn’t necessarily easy/popular to get both cards anyway. Furthermore, I haven’t seen any data points as to whether or not this new language is being enforced. Still, it is worth being aware that it exists.
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Many of us stand no chance with C1 approvals… we’d have to scale back to basically 0/24 to get them to say ‘yes’… and, besides that, the hard-pull for all-three credit bureaus is hella lame of them.
Ja, skat. Vat hom !!
It’s much more random than that. I am always far over 5/24, am not a high earner or big spender, and yet have never gotten a C1 rejection. They don’t use a formula like the one you think, but they do seem to keep a blacklist.
Since they collapsed the signup bonuses restrictions together this way, does this mean that I can get a referral bonus if I have the Venture X and refer someone to the Venture? It would only be fair if they made this change too. But I bet they didn’t. Also, another reason signing up for multiple Venture cards would be less likely is because they do hard pulls on all 3 credit reporting agencies. I believe they also report business credit to the personal accounts. So they are just generally ornery.
Awe bummer. I got the VX back in 2023 and the Venture in 2024. Looks like I’ll be waiting until 2028…