The Capital One Journey interest rate is 26.99% (V). The Journey card’s APR is well above the average interest rate for a student credit card offer, so it’s best to pay the card’s balance in full by the due date each month.
Capital One Journey incentivizes responsible credit use by offering an extra 0.25% on top of the unlimited 1% cash back rewards for cardholders who pay their monthly bills on time. For that reason, the Capital One Journey card is a great first credit card for those who hope to build credit and dip their toes in the world of cash back rewards. But if you plan on carrying a balance, you’ll want to look elsewhere.
Capital One credit card interest rates range from 0% (for a limited time) to 26.99% (V), depending on the card and the cardholder’s creditworthiness. The best Capital One credit card for low interest rates is the Capital One Quicksilver Cash Rewards Credit Card because it offers 0% APR for 15 months on purchases, followed by a regular APR as low as 8.15% - 18% (V). This card also has a $0 annual fee.… read full answer
The Capital One credit cards with the highest interest rates are the Secured Mastercard® from Capital One (26.99% (V)) and the Capital One Platinum Credit Card (26.99% (V)). They’re also the easiest to get. The Capital One Platinum Credit Card accepts applicants with limited history, while Secured Mastercard® from Capital One accepts people with bad or bad credit.
Most Capital One credit card interest rates are listed as a range, such as 14.74% - 24.74% (V). The better an applicant’s credit is, the better their chances will be of getting a rate at the low end of the range. All Capital One credit card interest rates are variable, meaning they can go up or down as the market changes.
Capital One also has a number of store branded credit cards, which can only be used at specific retailers. The interest rates for these Capital One store cards range from a low of 15.24% - 26.99% (V) on the Cabela's Credit Card to a high of 26.99% (V) on the Maurices Credit Card.
Your Capital One credit card interest rate will be clearly indicated on your monthly statement. Keep in mind that there’s also a separate interest rate for cash advances. And there’s a penalty rate for missing payments. Expect both of these rates to be equal to or higher than the regular interest rate.
To upgrade a Capital One Journey card to a higher-tier Capital One credit card, cardholders can sign in to the Capital One Product Upgrade page and check for any upgrade offers they might have. Another way to check for upgrade offers is to call Capital One Journey customer service at … read full answer1-877-383-4802. Finally, cardholders might find offers in emails and mailings from Capital One.
It’s possible that Journey cardholders won’t have any upgrade offers. To be eligible for an upgrade, you’ll generally need to have an open Capital One account in good standing for at least 6 months. The longer the account history is and the more on-time payments you make, the more likely it is that you’ll be able to upgrade.
Keep in mind that you may not be eligible for a welcome bonus when you upgrade, since welcome bonuses are generally for new accounts rather than upgraded accounts. Still, it can’t hurt to ask customer service about introductory bonuses, as these deals can put money back in your pocket and help offset any annual fees.
In addition, Capital One allows cardholders to change between rewards types, such as cash back to points and vice-versa, unlike some other credit card companies. Since the rules for Capital One upgrades aren’t too strict, you might as well ask customer service for the specific card you’re hoping to get.
That said, you may not be able to upgrade to just any Capital One card from Journey. For example, some reports state that the SavorOne card is not an option. Most commonly, Capital One customers make the natural switch from Journey to Quicksilver. The rewards and fee structures for Journey and Quicksilver are similar, but Quicksilver gives a boosted 1.5% cash back on all purchases.
No matter what card you ask for, you’ll still need a good enough credit score to qualify. Capital One will not conduct a hard pull on your credit report when you upgrade, though. In addition, any product change will allow you to keep the same account, card number, and credit limit that you had with the Journey card. But your CVV and expiration date will change, so don’t forget to update any autopay settings to reflect the new information.
You can get a credit increase with Capital One online or over the phone: (800) 955-7070. To be eligible for a Capital One credit-line increase, you must have an unsecured credit card, your account must be at least 3 months old, and you can’t have had a credit increase or decrease within the last 6 months. The odds of success are best when you pay your bill on time for at least 12 consecutive months prior to asking for a higher limit. It’s also important to note that once your account has been open for 5 months (and you’ve made all your payments on time), you may become eligible for an automatic credit-limit increase. Capital One will start periodically reviewing your account for that purpose once you’re eligible. … read full answer
To request a Capital One credit line increase online, log into your account, click on the “Card Services” tab, and select “Request Credit Line Increase.” Then fill out the form with your income, employment status and rent or mortgage payment, and click “Submit.” To request an increase over the phone, call (800) 955-7070 and choose “More Options,” then “Credit Increase,” and give your information. You may be asked additional questions when requesting over the phone, so have your information ready.
You should receive a decision in your inbox within 3-5 business days, if you’ve opted-in for paperless statements. Otherwise, you’ll receive a letter in the mail 7-10 business days after submitting your request. You cannot ask for a specific credit amount when requesting an increase. If you’re approved, you’ll receive the highest limit possible based on the information you provided.
If you’re declined for a Capital One credit increase, you can request another at any time. However, it’s recommended that you wait at least 6 months. An exception would be if your financial situation improves, like receiving a raise. Any time your income goes up is an appropriate time to request a credit increase, assuming your debt doesn’t go up too.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.