Capital One Venture Card Credit Score Requirements for 2018

Capital One Venture Card Credit Score Requirement

credit card advice

Ashley Dull
By: Ashley Dull
Posted: May 24, 2018
Opinions expressed here are ours alone, and are not provided, endorsed, or approved by any issuer. Site may be compensated through the issuer affiliate programs.

Being rejected is never any fun, but some types of rejection have more consequences than others. Getting stood up for a date may suck, but you can always french fry or ice cream that pain away. A rejected credit card application, on the other hand, will leave a hard inquiry on your credit report that can cause a dip in your credit score for up to two years.

Given the potentially long-lasting impacts, it’s generally a good idea to apply for credit cards for which you have a good chance of being approved. This is especially true with rewards cards with high signup bonuses, like the Capital One® Venture® Rewards Credit Card, which requires good to excellent credit to qualify.

Average Score | Pre-Qualify Online | Alternatives | Reconsideration

Average Score for Approval is Around 725

Since all credit scoring models tend to have their own credit score ranges, the requirement of “good to excellent credit” can be quite vague. Instead, you need to know which scoring model will be used. For the Capital One® Venture® Rewards, it seems that Capital One uses the FICO Score 4, rather than the newer and more popular FICO Score 8.

Given some context, we now know that most approved applicants for the Venture® Rewards card will likely have scores above 670 (the bottom of the “Good” credit range for FICO). But that isn’t the whole story; looking at reviews, it seems the average score is a much higher 725, just short of the “Very Good” range, and the highest credit limits are reserved for applicants with scores in the “Excellent” range.

EXPERT'S RATING

★★★★★
4.9

OVERALL RATING

4.9/5.0
  • Enjoy a one-time bonus of 50,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $500 in travel
  • Earn unlimited 2X miles per dollar on every purchase, every day
  • New! Earn 10 miles per dollar on hotels when you pay with your Venture card at hotels.com/venture; learn more at hotels.com/venture
  • Fly any airline, stay at any hotel, anytime
  • Travel when you want with no blackout dates
  • Miles won't expire for the life of the account and there's no limit to how many you can earn
  • No foreign transaction fees
  • $0 intro annual fee for the first year; $95 after that
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
14.49% - 24.49% (Variable)
$0 intro for first year; $95 after that
Excellent, Good

And those high average scores make perfect sense for the Capital One® Venture® Rewards card, particularly in light of the fact that it is a Visa Signature® card, a tier higher on the Visa benefits ladder than the basic Visa Traditional card. Basically, most Visa Signature® products come with a minimum credit limit of $5,000, so you’ll need to qualify for at least that amount to be approved for the card.

If the Venture® Rewards card’s high average score is a bit too rich for your reports, you may find success with the issuer’s lower-tier travel card, the Capital One® VentureOne® Rewards Credit Card. While the VentureOne® Rewards card is still marketed to the “good to excellent credit” crowd, reports indicate its average credit score is closer to the 670 mark than its sibling.

EXPERT'S RATING

★★★★★
4.8

OVERALL RATING

4.8/5.0
  • Enjoy a one-time bonus of 20,000 miles once you spend $1,000 on purchases within 3 months from account opening, equal to $200 in travel
  • Earn unlimited 1.25 miles per dollar on every purchase, every day and pay no annual fee
  • New! Earn 10 miles per dollar on hotels when you pay with your VentureOne card at hotels.com/venture; learn more at hotels.com/venture
  • Fly any airline, stay at any hotel, anytime
  • Enjoy a low intro APR on purchases for 12 months; 13.49%-23.49% variable APR after that
  • Travel when you want with no blackout dates
  • No foreign transaction fees
  • Miles won't expire for the life of the account and there's no limit to how many you can earn
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% for 12 months
N/A
13.49% - 23.49% (Variable)
$0
Excellent, Good

The main difference between the two cards is a lower base earnings rate for rewards and a smaller signup bonus (though the spending requirement is also lower, which may be a boon for some). Additionally, credit limits tend to be lower, as the Capital One® VentureOne® Rewards card is a Traditional Visa, rather than the more exclusive Visa Signature®.

Another thing to keep in mind when applying is that, while all credit card applications (or applications for any credit product, for that matter) result in a credit check to determine your credit risk, Capital One takes it a step further. Where most issuers check your credit report from one or two bureaus, Capital One apparently checks all three credit reports when you apply.

You Can Check for Pre-Qualification Offers Online

Although knowing your personal credit score can help you find which card you have the best chances of qualifying for, your credit score isn’t always the deciding factor. Other aspects of your credit risk, like your current utilization and credit history length, can also play big roles in whether your credit card application is approved.

If you’re at all unsure of your chances of being approved for the Capital One® Venture® Rewards card, you may want to consider checking for pre-qualification offers before you officially apply. Pre-qualification uses a soft credit inquiry that won’t hurt your credit score to match you with the best-fitting card.

Being pre-qualified for a specific card won’t guarantee your approval but it can indicate that the odds of approval are good. Similarly, not being pre-qualified doesn’t mean you’re certain to be rejected — but it’s a strong sign you should prepare for the possibility. If you fill out the pre-qualification form and don’t see a Venture® Rewards card, for example, you may want to look at the VentureOne® Rewards card instead.

Another way you may be pre-qualified for a Capital One credit card is through a direct mailer from Capital One itself. As with other issuers, Capital One periodically sends unsolicited pre-qualification offers through the mail to select customers. To reply to the offer, you can simply enter the reservation number and access code from your offer into the online form.

Fair-Credit Alternatives for Middling Scores

In the event that both the Capital One® Venture® Rewards card and the Capital One® VentureOne® Rewards card are out of your credit score’s reach, you may be better off investigating alternatives with more flexible credit requirements. Cards specifically designed for those with fair credit are much more likely to approve a lower credit score than those targeting good-credit consumers.

While the credit limits will typically be lower — and the interest rates higher — with fair-credit cards than other options, you can still find some decent cards, even some that offer purchase rewards. Our top-rated list of cards for fair credit has both prime and subprime issuers, including several alternative Capital One options.

Credit One Bank® Unsecured Visa® for Rebuilding Credit Review

at Credit One'ssecure website

FAIR CREDIT RATING

★★★★★
4.9

OVERALL RATING

4.0/5.0
  • Find out if you Pre-Qualify without harming your credit score
  • Eligible purchases earn 1% cash back rewards automatically, terms apply
  • Get a credit line between $300 and $3,000 based on your credit history
  • Looking for more credit? Get credit line increase opportunities, a fee may apply
  • Choose your monthly payment due date for added convenience, terms apply
  • With $0 Fraud Liability, you won’t be responsible for unauthorized charges
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
17.49% - 25.49% Variable
$0 - $99
Fair

FAIR CREDIT RATING

★★★★★
4.8

OVERALL RATING

3.8/5.0
  • Pay no annual fee
  • Get access to a higher credit line after making your first 5 monthly payments on time
  • Fraud coverage if your card is lost or stolen
  • Use online banking to access your account, even from your smartphone, with our mobile app
  • Pay by check, online or at a local branch, all with no fee - and pick the monthly due date that works best for you
  • Get access to your account 24 hours a day, 7 days a week
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
24.99% (Variable)
$0
Average, Fair, Limited

FAIR CREDIT RATING

★★★★★
4.8

OVERALL RATING

4.5/5.0
  • Earn unlimited 1.5% cash back on every purchase, every day
  • Earn cash rewards without signing up for rotating categories
  • Get access to a higher credit line after making your first 5 monthly payments on time
  • Monitor your credit profile with the CreditWise® app, free for everyone
  • $0 fraud liability if your card is ever lost or stolen
  • No limit to how much cash back you can earn, and cash back doesn't expire for the life of the account
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
24.99% (Variable)
$39
Average, Fair, Limited

+See More Cards for Fair Credit

Capital One No Longer Offers Credit Reconsideration

Being turned down for a credit card can be a hard rejection to take, and the resulting hard inquiry is a reminder of that rejection that no amount of french fries can fix. And if you’re thinking that reconsideration might be the path to having that rejection reversed, well, think again; Capital One seems to be out of the recon game.

According to reports from card forums and cardholders, Capital One no longer reconsiders any applications unless there was a mistake on the application or an error occurred on Capital One’s part. Even previously successful reconsideration methods, such as emailing the Executive Office (EO), seems to fail to result in a reconsideration of any kind.

All in all, if you’re rejected for the Capital One® Venture® Rewards card, your best bet is likely to analyze your credit report for any possible red flags and work on cleaning up any questionable accounts. Once you’ve cleaned up your credit, check for pre-qualification offers to help prevent a second rejection.