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If you’re looking for a credit card that is simple to use and offers generous rewards on every purchase, consider the Capital One Venture Rewards Credit Card. This card makes it easy to earn miles since you earn at least 2x miles on every single purchase (other rewards cards only earn 1x point/mile for non-bonus purchases). You don’t have to worry about spending categories, and your miles can be redeemed for travel expenses, such as flights, hotel stays, and car rentals.
For a limited time, new Capital One Venture Rewards Credit Card cardholders can earn 75,000 miles once they spend $4,000 on purchases within the first three months of account opening, plus they’ll receive a one-time $250 Capital One Travel credit their first cardholder year. Earning the entire bonus is equal to $1,000 in travel!
In addition to the 2x miles you earn on every purchase, the Capital One Venture Rewards Credit Card also offers 5x miles on hotels and rental cars booked through Capital One Travel. This can add up quickly if you travel frequently and can help offset the cost of your trips.
Overall, the Capital One Venture Rewards Credit Card is a great choice for anyone who wants a straightforward rewards program and enjoys traveling. Plus, with no foreign transaction fees, this card is ideal for international travel.
But before you try for the Venture Card, you should know what credit score is needed.
Credit Score Needed for Capital One Venture Rewards Credit Card
Although Capital One recommends having a good to excellent credit score to get the Capital One Venture Rewards Credit Card, your credit might be less than perfect. You should never apply for a new credit card without knowing your credit score first.
Here are some of the best places to get a free credit score if you aren’t sure what yours is.
Up to $100 in fee credit for Global Entry or TSA PreCheck, the ability to use miles to pay for Amazon purchases, and the flexibility to transfer rewards to travel partners or redeem rewards for flights are just some of the perks.
The Capital One Venture Rewards Credit Card is consistently one of the best travel credit cards. With that said, you’ll want to be sure you can get this card before applying.
What Is a Good To Excellent Credit Score?
Capital One defines good to excellent credit as:
- Never declaring bankruptcy or defaulting on a loan
- Not more than 60 days late on a credit card, loan, or medical bill in the past year
- Had a loan or credit card for 3 years or more with a credit limit above $5,000
So, how hard is it to get the Capital One Venture?
If you meet these three conditions, your Capital One Venture approval odds are very high. Of course, there are no guarantees that you will be approved if you have an excellent credit score. Having good to excellent credit means your credit score is at least 700.
When your credit score is higher than 700, you can apply for the Capital One Venture Rewards Credit Card, one of the best credit cards for excellent credit scores.
What Others Are Saying About Capital One Venture Credit Score
Should you apply for the Capital One Venture Rewards Credit Card if you don’t have a 720 credit score? Below are a few experiences from applicants without a 720 credit score.
Easims states, “I applied for the Venture card with a 628 TU (TransUnion) score and a 705 EQ (Equifax) score. I was not accepted immediately, but after a short phone call to Capital One customer service…I was accepted for the card and given a $15,000 credit limit!”
Nirrol Smith says, “When I applied my Transunion score on Credit Karma was showing 714 and Equifax 715 and I was instantly approved for a $12,000 limit.
An anonymous cardholder says, “Approved for a surprisingly high credit limit at 30k. I have a 730 FICO and 110k income.”
For one final reference, RJEngle said, “Applied and instant approval. I did do the preapproval on Capital One’s website before applying. Just a year and a half ago I was denied this card. Happy to finally qualify FICO 8 scores: TransUnion: 706, Equifax: 775, Experian: 700.”
Credit Card Score Needed For the Capital One Venture
Based on the user testimonials, at least one of your credit scores needs to be at least 700. Applicants with a score of at least 750 appear to have the best chances of instant approval. When your credit score is between 700 and 750, your approval odds increase greatly if it’s at the higher end of the spectrum. Of course, there are no guarantees that you will be approved if you have an excellent credit score.
So you don’t waste a card application because your credit score is right around 700, you might see if you can get credit card pre-approval for the Capital One Venture Rewards Credit Card first. Capital One may have even taken the initiative to send you a mail offer stating you’re pre-approved.
If your card application isn’t instantly approved, you should call Capital One if you don’t receive a decision within 48 hours. Many credit card companies delay the applications of candidates with borderline credit. To help them decide sooner instead of later, you can call the company and tell them your projected monthly spending.
Capital One Venture Credit Limit
Your new credit limit will depend on your credit profile. Well-qualified applicants mentioned their credit limit was as high as $30,000. Other applicants with credit scores between 700 and 750 were assigned limits of at least $10,000. Getting the highest credit limit possible lowers your credit utilization ratio, helping increase your score.
Capital One Venture Rewards Credit Card Benefits
If you qualify for the Capital One Venture Rewards Credit Card, you will enjoy the following benefits:
- At least 2x miles on every $1 spent, with no limits on how many miles you can earn
- 5x miles on hotels and rental cars booked through Capital One Travel
- Redeem miles for travel statement credits and future award travel
- Receive up to $100 application fee credit for Global Entry or TSA PreCheck
The is a $95 annual fee. This card has no foreign transaction fee, making it one of the best credit cards for international travel.
For a limited time, new Capital One Venture Rewards Credit Card cardholders can earn 75,000 miles once they spend $4,000 on purchases within the first three months of account opening, plus they’ll receive a one-time $250 Capital One Travel credit their first cardholder year. Earning the entire bonus is equal to $1,000 in travel!
Side note—this travel credit card favorite is also frequently compared to another favorite metal travel card, the Chase Sapphire Preferred® Card. You can see how they compare in this Chase Sapphire Preferred vs. Capital One Venture review.
Redeeming Capital One Venture Miles
The Capital One Venture Rewards Credit Card has no blackout dates.
Capital One Venture Rewards cardholders (as well as Capital One VentureOne Rewards Credit Card, Capital One Spark Miles for Business, and Capital One Spark Miles Select for Business cardholders) can transfer their miles to leading travel loyalty programs.
Your miles won’t expire as long as the account is open. There is no limit on how many miles you can earn.
You can use your miles to purchase all or part of a travel purchase. Plus, there aren’t any redemption minimums. If you make a $500 hotel purchase, you can use your miles balance for the entire purchase or for a portion.
The same can be said for small in-flight purchases for only a few dollars. Where other rewards cards have a minimum $20 redemption requirement, the Venture card is extremely flexible. This is why it is one of the best Capital One credit cards.
What To Do If You Don’t Qualify For The Capital One Venture
If your credit score is still in the 600s, you might consider applying for the Capital One VentureOne Rewards Credit Card instead. You only need average credit for the VentureOne (also one of the easiest credit cards to get approved for). It can be a better option if you’ve experienced these credit events:
- Defaulted on a loan in the past five years
- Owned a credit card or other credit for three years or less
The VentureOne earns 1.25x miles on every dollar spent and doesn’t have an annual fee. Though, you can earn 5x miles on hotels and rental cars booked through Capital One Travel, where you’ll get Capital One’s best prices on thousands of trip options.
Although you won’t be earning as many miles per dollar, you can still own a Venture product and build your credit history.
Once your score goes above the 700 range, you can consider upgrading to the Venture Card and begin earning 2x miles on every dollar spent.
Summary Credit Score for Capital One Venture Approval
So what credit score is needed for the Capital One Venture Card? You should only apply when your credit score is at least 700, but preferably 750 or higher. Once you qualify for the Capital One Venture Card, you’ll begin earning at least 2x miles on every purchase. If you must wait until your credit score grows, VentureOne is a great secondary option. Of course, there are no guarantees that you will be approved if you have an excellent credit score.
$250 Capital One Travel Credit + 75,000 bonus miles offer: Capital One Venture Rewards Credit Card
Related Posts:
- Best Credit Cards For Domestic Travel
- Capital One Venture vs. Chase Sapphire Reserve
- Does It Help Your Credit Score By Getting a Credit Card?
- Capital One Venture vs. Amex Platinum
- Can You Receive a Capital One Venture Bonus Twice?
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All the major travel blogs are absolutely chock-full of stories of rejection by Capital One, by commenters with scores in the HIGH 800s who have never missed a payment, who have long credit histories, and who ARE ALREADY CUSTOMERS of Capital One! Plus, Capital One pulls your credit from all three bureaus, not just one, so the sting is triply painful. Other blogs also report that “reconsideration” is not really a thing at Capital One. But hey, maybe your experience varies from the norm.
I hear ya, the triple bureau hit isn’t fun, and I know people who have a lot of credit cards that weren’t approved. My experience was an instant approval with a 760 credit score, and I do have or had most other travel products.
My credit score is 810-820. I have opened a new credit card very 3-4 months over the last 2 years. Denied and the letter stated I opened too many cards recently. Any idea what the limit is?
Hey Chris, unfortunately, they don’t have a public 5/24 rule like Chase, so there’s no way to 100% know. I was able to get auto-approved being over 5/24 with Capital One, so I think it just depends on everyone’s different credit portfolio.
I recently decided to get the Venture card for the travel rewards they advertise.. I have an 820 credit score (according to their CreditWise product, and others) ,160k income and very little debt. I was approved immediately for the Venture Card with a $5000 limit. When I read the details for the account online, it showed that the interest rate was 25.49% for my card. I called Capital One and was basically told “too f***in bad” because this is determined by your “creditworthiness ” by their credit department ( which you cannot speak to) and they don’t change the interest rate once the account is established. I don’t carry balances on cards as a rule, but its insane that this company would charge someone with excellent credit and 40 years of credit history the same rate as they would for someone with bad credit on one of their entry level cards. If I close the account, it will hurt my credit , so I’m stuck with that rate , apparently forever. There should be a law requiring disclosure of your rate after they check your credit but before you accept the card. This is the kind of usury rates that banks have been getting away with for years, and the consumer has no way to “shop” for a decent rate for any type of consumer credit.
I got approved for the Venture card however my approval was less than the reported minimum and I was approved for $3000.
Thanks for the data point!
My wife applied for the Venture card with credit scores around 830, 1M+ income, perfect payment history for 40 plus years, and a long-term (12 plus years) CapitalOne customer who at times had $1M on deposit with the bank. She was given a $3K limit!
Comments are correct, Capital One has no Credit Department (no one who can change anything or talk to you), only an “algorithm” that is always “perfect” at assessing ones creditworthiness. CapitalOne has no way to provide a copy of an online application or to give you a reason for your credit line!
I applied about the same time with same scores and income, same age and I instantly received a $30K line. Only difference in qualifications and history appears to be due to sexism. Women especially beware.
Yup screwed me too. And I have an American Express BLACK
I have an 830 credit score, only debt is a car note, have well over 100 thousand in my checking acct, a 100% paying on time history, and was turned down for a Venture card…..???
I was a Capital One banking customer. Like others, high credit score, etc., etc. No one in the branches will talk with you about credit cards. They tell you to just go online and apply. Fine. I received a pre-approved offer for a specific card from Capital One. Denied. Over the course of two years, this repeated four times. Why the (heck) does Capital One send out pre-approved offers to an existing customer whose credit profile it already has only to deny the application? As I said, WAS a Capital One banking customer.
My credit score was 744, and yes Capital One Venture hit all credit scores just to give me a denial. Both Credit Karma and Experian sites said I had an Excellent chance of getting this card. I was completely surprised because I have years of excellent payment history with all my cards including two other Capital One cards and am at 22% credit usage. I was so shocked I got denied, I even applied for the Chase Sapphire card right afterwards and was given $6500.
Did you call Capital One and ask why you were denied or for a reconsideration?