I recently got pre-approved for the Venture X card, and I’m a bit surprised because I’m only 20 years old, a college student, and my income is around $20k. I’ve heard that the Venture X typically has a starting limit of $10k, which is more than half of my yearly income!
I keep hearing stories about people with 800+ credit scores and six-figure incomes getting denied. My credit score is 751, and I currently have a Capital One SavorOne card.
How easy is it to actually get approved for the Venture X? Should I be concerned about the high starting limit in relation to my income? Any insights or experiences would be greatly appreciated…Thanks
Getting approved for the Venture X at a young age with a high limit is impressive! Your good credit score and responsible use of your Capital One SavorOne card likely contributed to this. A higher limit isn’t unusual and reflects your creditworthiness. Just manage the card responsibly to maintain or improve your credit.
Approval for the Venture X is possible with a good credit score and responsible card use. A high limit isn’t unusual if your credit is strong. Manage the card well to maintain your credit health.
Not simply credit score is one of the many criteria that Venture X considers.
I still can’t qualify, even with an excellent credit score and six figures in income. It indicated that I had too much revolving credit for me.
Since you now own a C1 card, I advise you to see if you are pre-approved for the Venture X. You will also be informed of your eligibility, and there won’t be a heavy draw on your credit.
When I was approved for a high-limit credit card at a young age, I was surprised too, especially given my income and credit score. From my experience, getting approved for a card like the Venture X can happen even with a lower income, especially if you have a strong credit score and good payment history. The high starting limit isn’t unusual for some applicants, as card issuers sometimes take various factors into account beyond just income. In my case, my credit score and responsible credit use played a significant role. While it might seem concerning, it’s a good idea to manage the card responsibly and keep an eye on your spending to ensure it aligns with your financial situation.
