For travel enthusiasts, the Capital One Venture Rewards credit card is a great choice when looking to earn rewards on flights and hotel stays. One of the best travel rewards credit cards on the market, it offers many ways to earn and redeem Capital One miles, as well as a generous welcome bonus of 75,000 miles after new cardholders spend at least $4,000 within the first three months of account opening .
For a modest annual fee of $95, the card also offers useful travel perks like a $100 statement credit to cover TSA PreCheck® or Global Entry membership and two complimentary entries per year to Capital One lounges or Plaza Premium partner lounges . It also offers other perks like extended warranty and purchase protection, rental car collision damage insurance and roadside assistance, trip cancellation and interruption insurance, 24/7 travel assistance and access to the Capital One Travel portal and Capital One Experiences program. Benefits are only available to accounts eligible for the Visa Signature card. Conditions apply.
Capital One Venture Rewards Credit Card
Information about the Capital One Venture Rewards credit card has been collected independently by Select and has not been verified or provided by the card issuer prior to publication.
5X miles on hotels and rental cars booked through Capital One Travel, 2X miles per dollar on any other purchase
Earn 75,000 bonus miles when you spend $4,000 on purchases within 3 months of account opening
N/A for purchases and balance transfers
3% for promotional APR offers; none for balances carried over at the regular APR
foreign transaction fee
When it comes to redeeming awards, you can use your miles to book flights, hotels, rental cars and other travel activities through Capital One Travel or transfer them to one of Capital One’s airline or hotel partners. Capital One miles can also be used as a statement credit to cover previous travel purchases and, although not as lucrative, redeemed for cashback or gift cards.
Keep in mind that in order to qualify for this card, you must ensure that you have decent credit. Below, Select takes a look at the type of credit you need to become a Capital One Venture Rewards cardholder.
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What credit rating do you need to qualify?
That The Capital One Venture Rewards Credit Card is one of several travel rewards credit cards offered by the issuer. For this particular card, the application page states that you must have excellent credit – according to Capital One, this means applicants must meet the following requirements:
- You have never filed for bankruptcy or defaulted on a loan
- You have not been 60 days past due on any credit card, medical bill or loan in the last year
- You have had a loan or credit card with a credit limit greater than $5,000 for at least three years
If you’re wondering what specific credit history you need to qualify for this card, Capital One will not officially disclose that information. However, additional reports from personal finance websites such as The Points Guy and NerdWallet suggest applicants with good or excellent credit may still qualify. Since FICO considers scores between 670 and 739 to be good credit scores, this likely means applicants must have a credit score of at least 670 to qualify.
FICO Score Ranges:
- Very poor: 300 to 579
- Industrial fair: 580 to 669
- Good: 670 to 739
- Very good: 740 to 799
- Excellent: 800 to 850
Of course, this does not mean that all applicants with a score above 670 will qualify or that those with a score below will be rejected, just that this is generally the score you should aim for in order to be considered eligible. If you’re not sure where you stand, Capital One offers consumers a pre-qualification tool so you can see which Capital One credit cards you qualify for.
Credit card issuers also consider other factors such as your annual income, the length of your credit history, and the number of credit cards you’ve recently applied for.
FICO Score Factors:
- Payment history (35%) — If you made your previous payments on time
- Amounts owed (30%) — Your credit utilization ratio, or the ratio of the amount of credit you’re using to the amount that’s been rolled over and owed in your accounts
- Credit history length (15%) — The time you had credit
- New Balance (10%) — How often you open new accounts
- Credit mix (10%) — Whether you have different types of credit such as installment loans or revolving credit lines
To improve your chances, you should also limit the number of credit card applications you’ve submitted in the last few months. While nothing specific is mentioned on Capital One’s website, a number of personal finance websites, including Forbes Advisor, have reported that applicants are not approved for more than one Capital credit card every six months.
In addition, Capital One limits the number of personal credit cards consumers can have to two. In other words, if you already have two Capital One-branded credit cards, you probably won’t qualify for the Venture Rewards credit card, regardless of your credit rating.
In the event of a refusal, cardholders can call Capital One’s customer service department and attempt to negotiate your case for approval, although you may not be successful. It probably wouldn’t hurt to mention important details, such as extenuating circumstances that caused you to default on your previous payments or your past loyalty to Capital One.
To qualify for the With the Capital One Venture Rewards Credit Card, you will likely need a good credit rating of at least 670, although a higher credit rating would only improve your chances of admission.
Additional reports from various personal finance blogs and websites also suggest that Capital One has strict rules on how many Capital One personal credit cards a person can have — and how many credit card applications you can submit in a six-month period.
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Editorial note: Any opinion, analysis, review, or recommendation expressed in this article is solely that of Select’s editors and has not been reviewed, approved, or otherwise endorsed by any third party.