Can you get a Capital One Venture card with bad credit?
In order to qualify for a Capital One Venture card you're going to need a good to excellent credit score, in addition to meeting a few other criteria.
To qualify for the Capital One Venture Rewards Credit Card, you'll likely need to have a good credit score of at least 670, although having a higher credit score would only improve your chances of approval.
Premium credit cards like the Capital One Venture X tend to be the most difficult type of credit card to get approved for. You'll typically need a pristine credit history and a high credit score to qualify.
Capital One Platinum Credit Card: Best for poor credit. Capital One Spark Cash Plus: Best for high-spending businesses. Capital One Spark Cash Select for Excellent Credit: Best for business cash back. Capital One Quicksilver Student Cash Rewards Credit Card: Best for students.
The credit limit on your Capital One VentureOne card account depends on a variety of factors, including your credit score and credit history, the amount of debt you already carry and your income. The minimum credit limit is $5,000, although many people qualify for a higher limit.
Reports suggest that you'll need a score of at least 700 to get approved for the Capital One Venture card, though people with lower scores have been approved. According to data from LendingTree, the average score to get approved for the card is 738. The typical low score is 664.
The Capital One Venture Rewards Credit Card is a solid choice for most travelers. But if you want heftier perks, it's worth considering the card's higher-end sibling, the $395-annual-fee Capital One Venture X Rewards Credit Card (see rates and fees).
If your FICO or VantageScore credit score is approximately 670 or higher, you have a history of on-time payments for at least the last year and you haven't declared bankruptcy or defaulted on a loan within five years, you have very good odds of being approved for at least one of Capital One's Venture cards.
Which Credit Bureau Does Capital One Use? Capital One appears to pull from any of the three major credit bureaus: Experian, Equifax and TransUnion. Though all evidence is limited to anecdotal data, Capital One does seem to rely on specific bureaus in some states, though this is not a guarantee.
Summary. In conclusion, the income needed for the Capital One Venture Rewards family is only at least $425 above your monthly rent or mortgage amount. A credit score above 700 and keeping your existing cards in clean order are also pivotal.
What's the easiest Capital One card to get approved for?
The Capital One Platinum Secured Credit Card (see rates and fees) is easier to qualify for because it's a secured card, which means you'll need a security deposit to open the card.
| Card name | Annual fees | Credit score needed |
|---|---|---|
| Destiny Mastercard® | annual_fees | credit_score_needed |
| Tomo Credit Card | $2.99 per month | No credit, Poor |
| Credit One Platinum Visa | $75 for the first year. After that, $99 annually (billed as $8.25 monthly) | Bad Credit |
If you're rebuilding your credit and think you may have trouble being approved, you might consider the Capital One Platinum Secured card. That card is for applicants with low credit scores who want to improve their creditworthiness.
Owning more than two or three credit cards can become unmanageable for many people. However, your credit needs and financial situation are unique, so there's no hard and fast rule about how many credit cards are too many. The important thing is to make sure that you use your credit cards responsibly.
There is no general starting credit limit for Capital One credit cards. Your credit limit will be based on your creditworthiness once your application has been approved.
Capital One Venture Rewards Credit Card
Highest reported credit limit: $58,000, according to a member on the myFICO forums. Sign-up bonus: Earn 75,000 bonus miles when you spend $4,000 on purchases in the first three months from account opening.
Although American Express doesn't specify any minimum credit score requirements, you'll need good credit (or better) to qualify, which means a FICO score of at least 670. A premium Amex card — say, the American Express Gold Card — likely requires a “very good” FICO score, somewhere in the range of 740 and above.
- Capital One Quicksilver Secured Cash Rewards Credit Card. Learn More. Capital One Quicksilver Secured Cash Rewards Credit Card. ...
- Capital One Platinum Secured Credit Card. Learn More. ...
- OpenSky® Secured Visa® Credit Card. View Offer. ...
- Experian CreditWorks℠ View Offer.
The best credit card for a 675 credit score is the Citi Double Cash Card, which has a $0 annual fee and offers 2% cash back on purchases. The Citi Double Cash Card also reports to the major credit bureaus every month, so it can help you improve your credit history if used responsibly.
Capital One Venture: Rewards. The Capital One Venture card features better ongoing earning rates, though you have to redeem for travel to get maximum value. The Chase Freedom Flex card, on the other hand, provides more redemption flexibility, but it also presents less dependable and more convoluted rewards terms.
What are the cons of Capital One?
- The 360 Performance Savings account doesn't include a debit card or an ATM card.
- Higher rates can be found at other online-only banks.
Less benefits than the Venture Card - While the VentureOne card doesn't charge an annual fee (see rates and fees), it offers a lesser rewards program than the Venture Card and also doesn't come with a Global Entry/TSA PreCheck application fee credit.
You can transfer your Capital One Venture miles to the following airline programs: Aeromexico Club Premier, Air Canada Aeroplan, Air France/KLM Flying Blue, Alitalia MilleMiglia, Avianca LifeMiles, British Airways Avios, Cathay Pacific Asia Miles, Emirates Skywards, Etihad Guest, EVA Air Infinity MileageLands, Finnair ...
The Capital One Quicksilver earns miles that can be redeemed for travel or transferred to Capital One travel partners for even more value. The VentureOne card is suited for those who prefer cash back, earning a flat cash back rate on most purchases.
The Capital One VentureOne Rewards Credit Card (see Rates & Fees) is vastly superior when compared to the Capital One Platinum Credit Card (see Rates & Fees). But it requires at least good credit, whereas the Platinum was designed for applicants with limited or fair credit.
