Your Capital One Journey approval odds are good if you are a student with little-to-no credit, or a credit score of 640+ (at least fair credit). Approval odds for the Capital One Journey Card will be influenced by your annual income and existing debts, and you need to be 18+ years old. You'll also need to have a U.S. mailing address and an SSN.
What You Need for Good Capital One Journey Card Approval Odds
Little to no credit history, or at least fair credit (score of 640+)
Proof that you're currently a student
Enough income to pay credit card bills
Low debt relative to income
Low housing costs relative to income
U.S. mailing address
Age of 18+
Social Security Number or Individual Taxpayer Identification Number
Keep in mind that many of these are guidelines rather than requirements. For example, you may have a low annual income with no debts and still get approved.
You can sign up for a free WalletHub account and see if you're likely to get approved before you apply.
It’s a solid rewards card for people with fair credit or a limited credit history, meaning less than 3 years of financial activity. It offers 1% cash back on all purchases, plus a bonus each month you pay your bill by the due date.
This card comes with a $0 annual fee, but also a $0 foreign transaction fee, making it ideal for traveling abroad.… read full answer
You can request a Journey Student Rewards from Capital One credit limit increase online, through the Capital One mobile app, or by calling customer service at the number on the back of your card. To raise your chances of being approved for a higher credit limit, pay your bill on time for at least six straight months, reduce your outstanding debt, and update the income Capital One has on file. Capital One will be more likely to increase your credit limit if the revised income clearly shows that you can afford a higher limit.… read full answer
How To Get a Capital One Journey Credit Limit Increase Online
Log in to your online account or the Capital One mobile app.
Choose the Capital One Journey card from the list of account options (if you have more than one Capital One card).
Click “I Want To...,” and then “Request Credit Line Increase.”
Enter your total annual income, employment status, occupation, how much you will spend monthly on the card, your mortgage or rent payment amount, and your desired credit limit.
Confirm the information entered and click “Submit” to complete the request.
You should receive a decision in just a few seconds. If you’re approved for a Capital One Journey credit limit increase, the new limit is effective immediately.
Impact of a Capital One Journey Credit Limit Increase on Your Credit Score
When you request a Capital One Journey credit limit increase, Capital One will conduct a soft pull of your credit report, which does not affect your credit score. However, some Capital One Journey credit limit increase requests may involve a hard pull, which will cause a short-term dip in your credit score. Capital One cannot do a hard pull without your permission.
Alternatively, you could be eligible for a Capital One Journey credit limit increase without even requesting one. The Capital One Journey card may offer an automatic credit limit increase if Capital One’s regular review of your account shows a history of on-time payments and low debt. An automatic credit limit increase involves a soft pull, which does not affect your credit score.
It is also worth noting that you need fair (640+) credit to get Capital One Journey, but this card also accepts applicants with limited credit (less than 3 years of credit history). The card might be geared for college students, but it isn’t limited to them; this means you don’t need to be a student to qualify for it.
Lastly, although Capital One Journey doesn’t give you the benefit of checking for pre-approval, before submitting an application for this card, you can instead check if you’re pre-approved for a different Capital One card. Pre-approvals generate a soft pull, so there’s no effect on your credit score. If you are pre-approved, you can reasonably expect that you’ll have high odds of approval for Capital One Journey, as most of the cards that allow you to check for pre-approval share similar credit requirements with the Capital One Journey card.
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