What are the best Capital One Spark Cash Plus credit card benefits?

You need a credit score of at least 700 (good credit) for the best Capital One credit card offers. However, other options are available for people with lower scores. It is possible to get approved for a credit card from Capital One with limited credit history or a bad credit score, for example.… read full answer

Capital One Credit Score Requirements by Card

• Capital One Venture Rewards Credit Card: 700 (Good credit)
• Capital One VentureOne Rewards Credit Card: 700 (Good credit)
• Capital One Quicksilver Cash Rewards Credit Card: 700+ (Good credit)
• Capital One SavorOne Cash Rewards Credit Card: 700+ (Good)
• Capital One Venture X Rewards Credit Card: 750+ (Excellent)
• Capital One Platinum Credit Card: less than 3 years of credit history (Limited History credit)
• Capital One Platinum Secured Credit Card: 300+ (Bad credit)
• Capital One QuicksilverOne Cash Rewards Credit Card: less than 3 years of credit history (Limited History credit)
• Capital One Quicksilver Secured Cash Rewards Credit Card: 300+ (Bad credit)
• Capital One Savor Cash Rewards Credit Card: 700+ (Good credit)
• Journey Student Rewards from Capital One: less than 3 years of credit history (Limited History credit)

If you’re not sure which Capital One card you’ll be able to qualify for, it’s easy to get pre-qualified for a credit card on the issuer’s website. You may also want to check your credit score before you apply, just so you have a better idea of what to expect.

You should also note that while your credit score is an important factor, there are plenty of other things that will impact your chances of being approved for a Capital One credit card, too. Some other key criteria include your income, existing debt load, number of open accounts, recent credit inquiries, employment status, and housing status.

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.

When determining credit limits, factors such as your debt-to-income ratio, repayment history and the length of your credit history will play a significant role. Unfortunately, there's no surefire way of knowing your credit limit before applying and getting approved for a Capital One credit card.… read full answer

How to get a higher Capital One credit card credit limit:

If you're not happy with the limit you have received, you can apply for an increase online once you've made payments on time for several months. Capital One uses soft pulls for these credit inquiries, so requesting a credit limit increase won't affect your credit score.

You can get approved for a Capital One credit card if you are at least 18 years old, have proof of enough income to make your monthly minimum payment, and meet the specific card’s credit score requirement. Capital One will also take into account your monthly housing payment, all sources of income, and other factors.… read full answer

If you’re unsure whether you’ll be approved, Capital One offers the possibility to check if you pre-qualify for some of their cards. This way, you can better assess your approval odds before you apply. Pre-qualification is quick and it’s done using a soft inquiry, so there’s no effect on your credit score.

How to Get Approved for a Capital One Credit Card

• Meet the General Requirements. You must be at least 18 years old with a valid Social Security number or Individual Taxpayer Identification Number (ITIN) in order to apply. You will also need to provide your birthdate and a physical U.S. address (no P.O. boxes).
• Report a Sufficient Annual Income. Your application must include your annual income, the sources of that income, and your bank account information. Capital One requires a monthly income that’s at least $425 more than your monthly housing payment.
• Know Your Credit Score Before You Apply. Some Capital One cards require good credit for approval, which means a credit score of at least 700. Capital One also offers a number of credit cards for people with credit scores below 700. You can check your credit score for free on WalletHub.
• Make Sure Bankruptcies Have Been Discharged. Capital One will reject your application if you have an unresolved bankruptcy on your credit report.
• Check Your Capital One Account and Application History. Your application will be denied if you’ve submitted a Capital One credit card application twice or more in the past 30 days. The same is true if you’re past-due or over your credit limit on any of other Capital One credit card accounts.

If you are unable to get approved for a Capital One credit card, consider becoming an authorized user on someone else’s credit card account. As an authorized user, you will receive your own card, linked to the primary cardholder’s account. Plus, you can build your credit history while the primary cardholder assumes responsibility for all charges on the account.