Capital One Venture Rewards Credit Card Review (2023)

FAQs

Capital One Venture Rewards Credit Card Review? ›

It is quite hard to get a Capital One Venture card because you need a good credit score of 700 or higher to have decent approval odds.

It is quite hard to get a Capital One Venture card because you need a good credit score of 700 or higher to have decent approval odds.

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.

The Capital One Venture Rewards Credit Card is an excellent antidote to the complexity of travel rewards, offering both simple earning and redemption options for beginners and high-value transfer options for the more experienced points and miles collector.

Capital One Venture Rewards Credit Card

Highest reported credit limit: $58,000, according to a member on the myFICO forums. This is another Visa Signature card, so the minimum credit limit is reportedly $5,000.

However, there's no official minimum income amount required for credit card approval in general. It varies by credit card company and from individual card to card. For example, the Capital One Venture Rewards Credit Card requires at least $425 more in income per month than you...

You can get a Capital One Quicksilver credit limit of $10,000 if your credit score and overall creditworthiness are good enough. You will need at least good credit (a credit score of 700+). But the higher your credit score is, the better are your chances of getting a $10,000 credit limit.

If you're thinking of going for the Capital One VentureOne Rewards, Venture Rewards or Venture X Rewards cards, you can fill out Capital One's preapproval tool to see if you're a likely candidate. The preapproval tool only does a soft inquiry into your credit history, which does not affect your credit report.

Chase vs. Capital One: Comparing savings accounts

Cutting straight to the bottom line: Capital One offers a much better savings account over Chase. With no monthly fees and a high APY, Capital One's 360 Performance Savings blows Chase Savings out of the water.

See our Advertiser Disclosure for more about our partners, how we make money, and our rating methodology. Opinions and recommendations are ours alone. One of the most popular mid-tier credit cards available is the Capital One Venture Rewards Credit Card.

What's the difference between Capital One Platinum and venture? ›

The Capital One Venture Card is made of stainless steel and recycled materials and weighs around 16 grams, compared to 5 grams for a traditional credit card made of plastic.

Both cards offer a flat-rate rewards program, which means all purchases earn the same amount of rewards. The VentureOne card earns unlimited 1.25X miles per dollar on every purchase, while the Venture card earns a higher 2X miles per dollar on all spending.

What are Capital One rewards worth? Capital One miles are worth 1 cent each when redeemed for travel, 0.8 cents each when redeemed for gift cards and 0.5 cents each when redeemed for cash back. That means 20,000 Capital One miles are worth $200 in travel or $100 in cash back. Travel Purchases: 1 cent per mile.

100,000 Capital One miles are worth an average of $700, depending on how you redeem them. Capital One miles are worth the most when redeemed for travel, but you can also redeem for a statement credit, a check or gift cards, among other options.

The minimum credit limit is $300, and the average cardholder may achieve a typical credit limit of $2,000. If you have good credit (not this card's prime audience), your credit line may reach $5,000.

Capital One also has a hard-and-fast rule when timing your applications. You're only able to get approved for one card every six months. This lumps personal and small-business cards together.

The Capital One Venture Rewards Credit Card is a Visa Signature card. This means the lowest possible credit limit is $5,000. Having a score closer to 750 or above means you are more likely to get a credit limit that's at least $10,000.

As such, if you have one of these cards, you might consider a $5,000 credit limit to be bad and a limit of $10,000 or more to be good. Overall, any credit limit of five figures or more is broadly accepted as a high credit limit.

How much should I spend if my credit limit is $5000? ›

It might be good for your credit to spend about $500 on a card with a $5,000 credit limit each month.

Yes, a $30,000 credit limit is very good, as it is well above the average credit limit in America. The average credit card limit overall is around $13,000, and people who have limits as high as $30,000 typically have good to excellent credit, a high income and little to no existing debt.

The easiest way you can get a Capital One Venture cash advance is by using your card and 4-digit PIN at any ATM with the Visa network logo on it. You can also get a cash advance in person at a local Capital One branch. Select cardholders may also receive access checks from Capital One.

You can be approved for 1 Capital One credit card every 6 months. This applies to both personal and business cards. For example, if you're approved for a Capital One Savor Cash Rewards Credit Card today, you'll need to wait at least 6 months to be approved for a Capital One Venture X Rewards Credit Card.

The Chase 5/24 rule is an unofficial policy that applies to Chase credit card applications. Simply put, if you've opened five or more new credit card accounts with any bank in the past 24 months, you will not likely be approved for a new Chase card.

Most credit-scoring models, including many from FICO and VantageScore, produce numbers ranging from 300 to 850. That's the full range. Within that range there are smaller number ranges—representing everything from a poor score to an excellent one—that you can use to gauge where your credit scores stand.

Capital One, National Association: CONA is a national bank headquartered in McLean, Virginia and is wholly owned by COFC. It offers banking products and financial services to consumers, small businesses, and commercial clients.

A major difference between Capital One Venture and Quicksilver is that Venture charges an annual fee of $95. Quicksilver has no annual fee. So Quicksilver is better for light—or infrequent—spenders. Neither card charges foreign transaction fees.

60,000 Capital One miles are worth an average of $420, depending on how you redeem them. Capital One miles are worth the most when redeemed for travel, but you can also redeem for a statement credit, a check or gift cards, among other options.

The Capital One VentureOne is a Mastercard and comes with a collection of perks provided by the Mastercard network, including rental car insurance, travel assistance services and emergency card services.

Is Capital One Venture a signature card? ›

Capital One Venture is a Visa Signature card. Actually there are two Venture cards that are Visa Signature: the Capital One Venture Rewards Credit Card and the Capital One VentureOne Rewards Credit Card.

You can upgrade from Capital One Platinum card to the Capital One Venture Rewards Credit Card either online or by calling the number you see on the back of your card.

In most cases, American Express points are more valuable than Capital One miles. That's because Amex has better transfer partnerships like: Delta SkyMiles (1:1)

How to request a credit limit increase. You'll need to give us some information like your total annual income, employment status and monthly mortgage or rent payment, so have that handy. Then, request a credit line increase and follow the directions to accept your new credit limit, if approved.

It's generally recommended that you have two to three credit card accounts at a time, in addition to other types of credit. Remember that your total available credit and your debt to credit ratio can impact your credit scores. If you have more than three credit cards, it may be hard to keep track of monthly payments.

The most common reasons Capital One may decline a credit limit increase request include: Your credit card account is not old enough. You've received a credit limit increase in the last six months. You've been past due on your account in the last several months.

Almost all places that accept credit cards will accept a Visa card, so it's a good companion while traveling abroad. The Capital One Venture is also ideal for online shopping. It has a $0 foreign transaction fee, so you won't be charged extra when you pay for your purchases in another currency.

Yes, it is possible to upgrade from Capital One VentureOne to the Capital One Venture Rewards Credit Card. You may receive an offer from Capital One to upgrade to Capital One Venture either online or through the mail.

Your rewards don't expire for the life of the account, and you can redeem them for travel-related purchases.

Earn 75,000 Bonus Miles With the Capital One Venture Card

Before we dig in, to unlock the 75,000 bonus miles, new cardholders will need to spend $4,000 on the card within the first 3 months of opening their account. By Upgraded Points' valuations, 75,000 bonus miles equate to a cash value of around $1,350.

Do Capital One points expire? ›

With Capital One your rewards never expire. Sign in to view and redeem your rewards today.

What is the credit limit for the Capital One VentureOne Rewards Credit Card? It seems the minimum credit limit for the Capital One VentureOne Rewards Credit Card is $1,000. Limits as high as $10,000 have been self-reported by cardholders.

Your Venture miles can be redeemed for travel, cash, and gift card rewards in your Capital One online account. You can redeem your miles in any amount for most reward options.

You can also use your Capital One miles for cash back in the form of a check or statement credit for a non-travel purchase. But cash-back redemptions cut the value of mile in half, meaning that miles are worth 0.5 cent each. You'll need a minimum of 5,000 miles for a cash-back redemption.

A good credit limit is above $30,000, as that is the average credit card limit, according to Experian. To get a credit limit this high, you typically need an excellent credit score, a high income and little to no existing debt.

A high-limit credit card typically comes with a credit line between $5,000 to $10,000 (and some even go beyond $10,000). You're more likely to have a higher credit limit if you have good or excellent credit.

Despite those high balances, it's equally important to note that those with high credit scores also have high credit card limits. For those with 800-plus scores, their average credit card limits are $69,346. That's up from the $58,514 average we found in May 2021.

The Capital One Platinum Secured Credit Card is available to consumers who have a bank or credit union account and a Social Security number. This is the easiest credit card to own because it caters to consumers with limited or poor credit.

If you spend at least $4,750 per year, which is about $395.83 per month, the Capital One Venture Rewards Credit Card is worth the annual fee. At 2 miles per $1 spent, $4,750 in spending will earn you 9,500 miles. At a value of $0.01-per-mile, 9,500 miles is worth $95, the same amount as the annual fee.

Capital One appears to use all three major credit bureaus—Equifax, Transunion and Experian.

Does everyone get approved for a Capital One credit card? ›

Although Capital One offers cards for every credit level, a very good or even excellent credit score (740 and above) increases your chances of approval for the best Capital One credit cards. And, although your credit score is one of the most important factors Capital One looks at, it's not the only factor.

Yes, Capital One cards help you build credit, as long as you use your card responsibly and pay your bill on time every month. Most Capital One credit cards are especially good for building credit as they are free to use, and your account information gets reported to the three major credit bureaus monthly.

The most common scoring models produce credit scores that range from 300 to 850, the highest credit score possible. Within that range, there are smaller number ranges—representing everything from a poor score to an excellent one—that you can use to gauge where your credit scores stand.

—The Capital One Venture Rewards Credit Card provides generous miles rewards to those with excellent credit who are willing to fork over an annual fee. Cardholders will earn 5 miles per dollar on hotels and rental cars booked through Capital One Travel and an unlimited 2 miles per dollar spent on other purchases.

The Capital One Venture Card is made of stainless steel and recycled materials and weighs around 16 grams, compared to 5 grams for a traditional credit card made of plastic.

Automatic credit limit increase to $500 after making your first 5 monthly payments on time is for card holders that are on the capital one credit steps program.

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.

You can use your credit card anywhere that accepts Mastercard® or Visa, depending which one you have.

Both cards offer a flat-rate rewards program, which means all purchases earn the same amount of rewards. The VentureOne card earns unlimited 1.25X miles per dollar on every purchase, while the Venture card earns a higher 2X miles per dollar on all spending.