So you want to know about the Capital One Venture Card credit score requirements? Don’t worry we have you covered with all of the information you need.
Casavvy is part of an affiliate sales network and receives compensation for sending traffic to partner sites. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. The content on this page is accurate as of the date of posting. Some offers may have changed or expired.
First of the Capital One Venture card is an excellent choice. It is almost always at the top of many credit card experts lists of travel credit cards. Including us here at Casavvy. We want everyone who comes to our site to be as Cash Savvy as possible and the Capital One Venture card is a great option. Especially if you are a frequent traveler.
Capital One Venture Card Credit Score Requirements
Before filing out a credit card application for the Venture Rewards Credit Card you want to make sure that you have the highest chance of qualifying. As of this posting you need an excellent credit score to get approved. But this can change often so we recommend taking a look at the up-to-date current offer by going through out Best Travel Credit Cards page just to be sure.
What Exactly Is A Good To Excellent Credit Score?
While it is hard to break down all of the things that go into what it takes to get a good to excellent credit score here are a few of the most important things that you should have in your credit history.
- Try no to have any late or missed payments within the last 2 years
- Have your current credit utilization ratio under 30%
- Consider how many other credit inquires you have had recently
- If you don’t know your current credit score then look it up. We like Extra Credit by Credit.com because they offer a free trial and you can get lots of information about your credit score.
Just because you have good credit does not mean that you will automatically qualify. Credit card issuers take other things into consideration as well. It is also true that if you have a credit score below the recommended range that you won’t qualify either. People looking to become new cardholders of the Capital One Venture Card, and other credit cards, are kind of at the mercy of what the credit bureaus input into their black box when your application goes through.
Capital One Venture Key Features
- Well above average miles rewards rate on every dollar that you spend
- Awesome signup bonus opportunity
- Bonus miles when you use Capital One Travel Portal
- Travel benefits
- Ability to transfer miles to included travel partners
- Global Entry fee credit
- No foreign transaction fees
- It does have an annual fee but if you hit the signup bonus it more than covers the cost
- Use your Venture Miles to book any travel plans with no restrictions or black out dates
- And more
- Find the current up-to-date Capital One Venture Card offer through our Best Travel Credit Cards page.
Capital One Venture Credit Card Limit
Your credit limit will depend on your credit profile. This is made up of things like credit history, annual income, current debts, and more. While there really is no way to know what your credit limit will be before you apply, if you have a good credit score then you should have a decent credit limit if you are approved. While some people may not want a super high credit limit to reduce temptation, it does help with your credit utilization ratio if you keep your spending low.
Redeeming Capital One Venture Miles
What makes the Venture Card rewards program so attractive is that you can use your miles for any travel expenses that you have to maximize their value. There are no restrictions or minimums on what travel purchases you can use your Venture miles for. And you can use it to cover part or entire travel purchases as well.
You can also transfer your Capital One Venture Card Miles to a handful of other loyalty programs or hotel partners and possible make them worth even more. While this may take some extra research it can sometimes be worth it if you find a sweet spot where loyalty points can get you more value than Venture Miles on their own. We have seen people use this strategy and double, or triple, the amount of value they get from their rewards miles.
Other Travel Credit Cards To Consider
If you are looking for a better option to the Capital One Venture Card it might be a hard task because of how many people think this is one of the best travel credit cards available. But we did some research and came up with a few other great travel credit card options that many think rank right up there with the Venture card.
Chase Sapphire Preferred®
- Great rewards earning power if you take advantage of bonus categories
- Awesome sign-up bonus opportunity
- Annual fee equal to other cards in the same category
- And more
To learn more and get the current up-to-date offer visit our Best Travel Credit Cards Of The Year Page
Bank of America® Travel Rewards Card
- Decent miles rewards rate on every dollar that you spend. No bonus categories to juggle
- Average signup bonus offer available
- Use your rewards to book any travel plans with no restrictions or black out dates
- No annual fee
- And more
To learn more and get the current up-to-date offer visit our Top Travel Credit Cards
Discover it® Miles
- Decent miles rewards rate on every dollar you spend
- After your first year Discover will double the amount of miles you have earned
- No annual fee
- And more
To learn more and get the current up-to-date offer visit our Best Travel Credit Cards For This Year Page
Capital One Venture X
- The older sibling to the Capital One Venture Card
- Earn huge bonus miles in certain categories
- Excellent rewards rate on everything else you buy
- Tons of travel benefits
- High annual fee
- And more
To learn more and get the current up-to-date offer visit our Best Travel Cards Page
Taking a look at other travel credit cards is a great way to find out which one will be best for you and get you the most value. So feel free to even take a look at our Compare Credit Cards page as well to get even more options.
What To Do If You Are Application Is Denied Or You Don’t Think You Will Get Approved For The Capital One Venture Card
If you are definitely in the market for a travel card then you can take a look at the Capital One VentureOne Credit Card. It is one step down from the Venture Card. It does not earn as many miles and its signup bonus is less, but it does not have an annual fee and is rumored to be easier to qualify. If you do get the VentureOne card then after time goes by and your credit score increases you can always upgrade up to the Venture Card.
You can also take a look at your results in the Cardmatch Tool. While not all credit card companies participate in it, you will see personalized results for what credit cards are being targeted towards you and your credit profile. While you may not see any credit cards that fit exactly what you want, you can get a new credit card that you will be more likely to get approved for and use it to help build up your credit profile in the process. Even if you have excellent credit card it is a good idea to check your Cardmatch results every now and then as sometimes there are offers there that don’t exist anywhere else. And the best part is that it does a soft credit pull, so there is no effect on your credit score for checking. And you can check your results as often as you want.
How To Get An Excellent Score
If you are looking to improve your credit score so that you can meet the Capital One Venture credit score requirements then there are a few things you can do.
- Use any current credit cards that you have to help improve your score
You can do this by making sure to always pay you bill on time.
- Try to stay below 30% of your credit limit.
This will help your credit utilization ratio. Which is something the credit bureaus look at.
- Don’t have to many hard credit inquiries at one time.
This makes you look desperate for credit and will lower your score.
What Are The Main Factors That Go Into Your Credit Score?
- Payment history
Basically if you have made all of your previous payments on time
- Length Of Credit History
The total amount of time that you have had credit accounts that report to the credit bureaus
- Total Amount Of Credit Used
This is your credit utilization factor. All up all the total amount of revolving credit you have available to you compared to how much of it you actually use
- New Credit Accounts
What types and how many credit accounts have you opened recently
- Types Of Credit You Have
This could be things like house loans, card loans, credit cards, etc.
If you take these things into account with the current situation you are in then you will start to see the score on your credit report increase overtime. Then hopefully you will get to the credit score needed to get approved for the Capital One Venture card, or another card just like it. Remember increasing your credit score is not a sprint, but rather a marathon. It will take time to see improvements in your score. But during that time you will be creating good spending habits that will help maintain your excellent credit score once to get there.
Many people consider giving up half way into the journey to an excellent credit score. Just remember that all the work you are doing will pay off in the end. Towards the beginning you may not see any improvements in your score at all. This is ok because when your score does start to improve it is possible that you will see drastic jumps towards a higher credit score level. We know that it can be frustrating but you have to trust the process and put the work in if you want to get your desired results.
And you are not alone. There are many people going through the same thing that you are. And probably many looking at the same Capital One Venture Card credit score resources that you are to find out if they can qualify. If you have to apply for a different credit card then there will most likely be a whole host of tools and credit monitoring information that will come with it to help you along the way.
If you already have good credit then great job. Just keep doing what you are doing and you should be able to take advantage of it for many years to come. All while hopefully reaping the rewards from an awesome credit card like the Venture Card. The Capital One Venture Card credit score is set at a high level for a reason. To reward people who will use it to spend responsibly while also being able to take advantage of the great rewards they will earn on their everyday purchases. Which is no wonder why it is one of the most popular travel credit cards available today.
Thank you for taking the time to read our article on the Capital One Venture credit score needed in order to qualify. We put in the research for you so that you can find the answers you want quick and easily and move on to getting the perfect credit card for you. Remember you can take a look at our Travel Credit Cards page for more info on the Capital One Venture Card. Or any other credit card. Or check out our general compare credit cards page for any other cards and their offers. We work hard to give you the best information possible so that you can make the best decision for you. We know that getting a new credit card is a big decision and we are glad that we were able to help in any way. Thank you again and hopefully you are on your way to applying for your new credit card and enjoying all the great things that come with it.
Also Check Out