Tuesday, January 24, 2023

Where To Apply For Capital One Credit Card

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Choosing A Capital One Credit Card

Capital One: Apply for a credit card with 100% confidence

Before you apply for a Capital One credit card, you need to pick one. If you’re not sure which card is right for you, consider your and the credit card benefits you’re looking for.

Your credit history and credit score determine which cards you can get. The best Capital One credit cards are usually only an option if you have good or excellent credit. Fortunately, Capital One includes recommended credit levels with each of its cards. You can click the credit level to see what the qualification requirements are for that Capital One credit card.

As far as card benefits go, you’ll need to decide what perks matter most to you. That could be cash back, travel rewards, 0% intro APR financing, or something different. It’s also important to look at any fees a card has, such as an annual fee or foreign transaction fees.

Here are Capital One credit card recommendations that will cover most financial situations and goals:

We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent does not cover all offers on the market. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team. The Motley Fool has a Disclosure Policy. The Author and/or The Motley Fool may have an interest in companies mentioned.

How We Picked The Best Capital One Credit Cards

We analyzed Capital Ones credit cards to identify the top products in popular credit card categories. The criteria considered in our analysis include:

  • Rewards program: We considered whether a cards base rewards program was competitive for its category to assess long-term value. We also factored in any sign-up bonuses that might sweeten offers in the short-term.
  • Special features: For , we considered whether there were unique features, such as the ability to increase your credit limit after a series of on-time payments, that could prove helpful to someone who is trying to establish or repair their credit history. For rewards credit cards, we considered whether there were ancillary benefits, like extended warranties or travel assistance, that might add more value.
  • Rates and fees: We considered whether an annual fee was justified by a cards rewards program, unique features or less stringent credit requirements. We also factored in whether the cards purchase, balance transfer and/or penalty annual percentage rates were competitive for its card category.

Many of Capital Ones cards are well-suited to a general audience, so, ultimately, the right card for you will hinge on what youre looking to use it for. If youre still torn between a few offers, check out this guide to choosing a credit card.

Capital One Spark Cash Select

  • Earn a $500 bonus when you spend $4,500 in the first 3 months of account opening
  • Earn unlimited 1.5% cash back for your business on every purchase, everywhere with no limits or category restrictions
  • No annual fee
  • Rewards won’t expire for the life of the account
  • Redeem your cash back rewards for any amount
  • Free employee cards, which also earn unlimited 1.5% cash back on all purchases
  • $0 fraud liability if your card is lost or stolen
  • No foreign transaction fees

$500 Cash Back once you spend $4,500 on purchases within the first 3 months from account opening

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Travel And Security Benefits

Perhaps the most valuable travel benefit associated with this card is no foreign transaction fees — a signature feature of Capital One credit cards. Though this card doesn’t have much in common with typical travel credit cards, the Capital One Platinum Credit Card does offer ATM-location services while you’re traveling and emergency card replacement if your card is lost or stolen.

Ready To Start Building Credit Today

Is The Capital One Costco Credit Card Worth It?

Getting a card is just the beginning. Whichever one you end up with, itâs a good idea to use credit responsibly by doing things like keeping your balance low, paying it off each month and never missing a payment.

Using credit responsibly may help you build your credit history. And once you establish a credit history, you might find you have more options the next time you decide to apply for a credit card.

Learn more about Capital Oneâs response to COVID-19 and resources available to customers. For information about COVID-19, head over to the Centers for Disease Control and Prevention.

Government and private relief efforts vary by location and may have changed since this article was published. Consult a financial adviser or the relevant government agencies and private lenders for the most current information.

We hope you found this helpful. Our content is not intended to provide legal, investment or financial advice or to indicate that a particular Capital One product or service is available or right for you. For specific advice about your unique circumstances, consider talking with a qualified professional.

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Digging Into The Capital One Venture

Keeping up with all the nuanced features, earning rates and redemption options on your credit cards can be exhausting. The Capital One Venture Rewards is ideal for those who appreciate a good vacation, but dont have the time or drive to treat points and miles as a full-time hobby.

While some credit cards like the Chase Freedom Flex allow you to earn more on certain purchases thanks to rotating bonus categories, keeping up with whats what may feel like a job unto itself.

That said, the Capital One Venture manages to accomplish something that few cards can. Not only does it appeal to those who appreciate simplicity earning 2 miles for every dollar you spend on everything you buy, and allowing each mile to be redeemed for any travel purchase at a value of 1 cent per mile but it caters to enthusiasts as well.

Journey Student Rewards From Capital One: Best For Students

Why we picked it: The Journey Student Rewards card incentivizes healthy credit habits with built-in features like a 25% boost to your rewards earnings for paying your bill on time each month. Instead of 1% cash back on general purchases, youll get 1.25%. Also, cardholders are automatically considered for a credit line increase after six months of on-time payments.

Pros: For those just dipping their toe into the world of credit, this is a great card for learning healthy financial habits and earning rewards with responsible use. Plus, students who study abroad will love the fact that there are no foreign transaction fees.

Cons: One possible disadvantage for young cardholders is the high APR, at 26.99% variable. If you think you may not be able to pay the balance in full each month, youll keep more money in your pocket by pursuing a card with a low interest rate.

Who should apply? Someone just starting their credit-building journey who wants to learn a little extra in the rewards department would benefit from this card.

Who should skip? A student on a tight budget who might not be able to pay off their balance in full each month should be hesitant. This cards high APR could be costly for both your wallet and long-term credit score.

Read our Journey Student Rewards from Capital One review.

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What Is Considered A Fair Credit Score

According to Experian, a credit score that hovers between a 580 and 669 FICO score is considered fair. It’s between a poor score, which ranges from 300 to 579, and a good score, which is anything between 670 and 739. Once you hit the threshold for a good credit score on your credit report, you’ll gain access to more credit card options with better rates and terms.

Learn What To Do Before Applying The Steps To Apply When To Apply And More

Capital One: QuickCheck – Apply for a Credit Card with Confidence

Youâre thinking it might be time to apply for a credit card. But where do you start? What are the requirements to get a credit card? And whenâs the right time to apply? It can be enough to make your head spin.

So letâs get down to basics. Here are a few things to know about how to get a credit card and what you might consider before applying.

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Other Credit Cards Similar To The Venture

The Capital One Venture card stands largely alone in the niche its created. Its a low-fee card with a great sign-up bonus, a simple 2x-on-everything earning structure, a host of transfer partners for savvy travelers and a few perks like a Global Entry/TSA PreCheck credit that are often reserved for cards with loftier annual fees.

If youre looking for transferable travel points, the Chase Sapphire Preferred Card is the granddaddy of the genre. It has the same $95 annual fee as the Venture, but it doesnt earn nearly as many rewards as the Capital One Venture on your everyday non-category purchases.

Related: 6 reasons to get the Chase Sapphire Preferred.

But Chase Ultimate Rewards points transfer to all of its airline and hotel partners at a 1-to-1 ratio, and the Chase transfer partner lineup is more enticing, with United Airlines, Southwest and Hyatt Hotels included on the list. So your choice between the Venture and the Sapphire Preferred might come down to which airlines and hotels youre more likely to utilize.

To reel in a longer list of luxury travel perks , youll need to look to cards like the Chase Sapphire Reserve, the American Express Platinum or the Citi Prestige® Card, all of which have significantly higher annual fees. Those credit cards only make sense for people who travel many times a year and can take advantage of the high-end travel benefits on a regular basis.

Related: Is the Chase Sapphire Reserve worth the annual fee?

Best For Bad Credit Or No Credit: Capital One Platinum Secured

Allows upgrade to unsecured card Yes
This card does not offer a rewards program.
  • Why We Chose This Card:
  • Pros & Cons:

We chose the Capital One Platinum Secured as the best Capital One option for those with bad or no credit. Customers receive an instant credit line of at least $200, with the option for a higher line of credit when they deposit more. The required security deposit for the $200 credit line can be as low as $49, which is helpful for people on a tight budget. In as few as six months, accounts are automatically reviewed for a credit line increase. Although it does not earn rewards, there is no annual fee or foreign transaction fees, which makes it an easy card to keep and build credit over time with responsible use.

  • Security deposit can be paid in installments

  • No annual or foreign transaction fees

  • Relatively low initial credit limits

  • No bonus offers or rewards program

Read the full Capital One Platinum Secured credit card review

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Apply For A Secured Credit Card

Many banks and credit unions offer secured credit cards if you have no credit history.

Hereâs how they work: You deposit an amount of money, sometimes known as a security deposit, that the issuer holds as collateral. For example, the Capital One Platinum Secured card has refundable security deposits of $49, $99 or $200 for an initial credit line of $200. If approved, you will get a credit card account with an initial credit limit. And you may be able to increase the credit limit by adding additional funds when you first open the account.

You can then use the card to make purchasesâjust like you would with other credit cards. And by using your credit card responsibly, you may be able to start building a credit history.

Do You Have To Apply For A Credit Card Online

Capital One® Platinum Credit Card Review In (2020)

You donât have to apply for a credit card online, but it can be the easiest and quickest option. You could get an instant answer to your application. And if youâre approved, some lenders give you a virtual card number you can start using straight away.

You can also apply for a credit card in person, over the phone or by mail. But you might have to wait longerâfor opening hours or for the lender to mail you back, for example.

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Capital One Spark Miles For Business: Best For Business Travel

Why we picked it: The Spark Miles for Business is similar to the Spark Cash Plus, except you get miles instead of cash back, making it a good choice for frequent business travelers.

Pros: The Spark Miles cards $95 annual fee is waived the first year, and the ongoing rewards are the same, making it a good card to have for travel.

Cons: The Spark Miles earns you 50,000 miles after a $4,500 spend within the first three months of card membership, making the required spend a potentially high barrier.

Who should apply? Small business owners who frequently travel will find a lot to like about this flexible and easy-to-use rewards card.

Who should skip? If your business average monthly expenses arent enough to net you the 50,000 miles sign-up bonus in your first three months, you should look for another option.

Read our Capital One Spark Miles for Business review.

Capital One Travel Rewards Cards

These Capital One cards provide various flat-rate and bonus earnings opportunities:

  • Capital One Venture Rewards Credit Card
  • Capital One VentureOne Rewards Credit Card
  • Capital One VentureOne Rewards for Good Credit Credit Card
  • Capital One Spark 2X Miles for Business Credit Card
  • Capital One Spark 1.5X Miles Select for Business Credit Card

The travel rewards Capital One cards earn miles, which are not tied to any particular airline. Each mile has a worth of one cent when redeemed toward travel expenses.

Redemption can take the form of booking any travel through Capital Ones Rewards Center or can be used retroactively to offset a previously incurred travel expense through Capital Ones Purchase Eraser feature. The only caveat to using Purchase Eraser to offset travel expenses is that it must be done within 90 days of the original purchase.

Other redemption options include statement credits or Amazon gift cards, though the redemption value of each mile is considerably less versus redeeming toward travel.

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How Can I Tell How Many Capital One Rewards I Have While I Am Shopping At Amazoncom

First, ensure your eligible Capital One credit card is enrolled for Shop with Points by clicking on Accounts & Lists in the top right. Go to Your Account and then Shop with Points under Shopping programs and rentals. If enrolled, you will see your balance here. You may also proceed to checkout and view your balance on the Payments Page.

Can You Stick To Best Practices

*WATCH ME APPLY* Capital One Venture X Credit Card Application

While a Capital One credit card can provide a number of benefits when used strategically, it may also lead to an increase in debt, a negative impact on your credit score or growing interest charges if youre not careful. Consider the following best practices and, if you can, stick to them when deciding on a Capital One credit card:

  • Paying your balance on time and in full each month. Paying your balances in full and on time helps you to avoid interest charges. On time payments will also be reported to the three credit bureaus, helping you to improve your credit score over time.
  • Making your payments on time every time. Again, on time payments are one of the major influences on your credit score. Late payments will negatively affect your credit score, and usually cost you a late fee as well.
  • Only charging what you can afford. Your is another one of the criteria used to determine your credit score. The lower your utilization ratio the more favorable impact it will have on your credit score. Try to keep your credit utilization ratio below 30 percent.

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What Are The Main Benefits Of Capital One Credit Cards

Capital One made its Venture and Sparks Miles cards more valuable, offering the ability for cardholders to transfer miles to travel partners mostly at a 1:1 ratio .

The flat miles and cash back earned on Capital One Venture X, Capital One Venture, VentureOne, Spark Miles and Quicksilver cards makes things simple for cardholders, since you dont have to worry about remembering which spending categories offer higher rewards. If you spend regularly on dining and entertainment, the 4% cash back on the Savor or SavorOne card is a good deal. And, if you dont want to pay an annual fee and prefer a fixed earning rate, the Quicksilver is a reasonable choice.

Plus, none of these cards charge foreign transaction fees.

Best For Travel: Capital One Venture Rewards Credit Card

Enjoy a one-time bonus of 60,000 miles once you spend $3,000 on purchases within 3 months from account opening.

Rewards Earning Rate Earn 5X miles on hotels and rental cars booked through Capital One Travel, where you’ll get our best prices on thousands of trip options.
Balance Transfer Fee 3% of the amount of each transferred balance that posts to your account at a promotional APR that we may offer you. None for balances transferred at the Transfer APR.
Foreign transaction fee
  • Why We Chose This Card
  • Pros & Cons

The Capital One Venture Rewards Credit Card is our choice as the best travel credit card with its unlimited 5X miles on hotels and rental cars booked through Capital One Travel, where you’ll get our best prices on thousands of trip options. Also, you’ll earn 60,000 miles once you spend $3,000 on purchases within 3 months from account opening. These miles can be used to book flights, hotel rooms, and other travel without blackout dates or transferred to airline and hotel partners for potentially more value. Plus, your travel plans will go smoother with reimbursement of up to $100 of your Global Entry or TSA PreCheck application fees every four years.

  • High rewards rate with no cap on earnings

  • Sizable one-time bonus

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