To complete the Capital One Venture card application, you’ll need your annual income, monthly housing payment amount, Social Security Number and contact information. You’ll also need to create an account on capitalone.com before submitting your Venture card application online. Capital One Venture applications can also be submitted by mail, at a bank branch, or by calling 1-800-227-4528.
But before you fill out your Capital One Venture application, you’d be wise to check your latest credit score. Try to get pre-qualified for Venture, too. There’s no risk with either. They won’t affect your credit score. And they will give you a good sense of whether applying for the Capital One Venture card is the way to go.
Capital One Venture card application tips:
Check Credit Score: You need a 700+ credit score for good approval odds.
See If You’re Pre-Qualified: You can check for Venture card pre-qualification online. Your odds of approval are around 80%+ if you pre-qualify.
Personal Information: The first part of the Venture card application requires your full name, birthday, SSN, and U.S. citizenship status.
Contact Information: Provide your living address, mailing address, email address and phone number. P.O. box addresses aren’t accepted.
Financial Information: Select your employment status: employed, student, retired, unemployed or “other.” List your total annual income and monthly rent or mortgage payment.
Communication Agreement: Agree to the Electronic Communications Disclosure. This allows Capital One to communicate with you about your Venture card application and account by email.
Review the Fine Print: The Venture card’s terms are at the bottom of the application. Make sure you’re aware of all the fees, APRs, and rewards processes that could affect how much you’re able to save.
Submit Your Application: Hit the “Continue” button to complete your Capital One Venture card application. Well-qualified applicants may receive instant approval. Otherwise, you’ll get a decision by email within 7-10 business days.
You will receive your card by mail within 7-10 business days of getting approved. There’s an option to pay $16 for faster delivery of 2-3 business days, too. Denied applications will get an email in 7-10 calendar days explaining Capital One’s reasoning.
The Capital One Venture credit score requirement is 700 or higher. Venture Card applicants with slightly lower scores might be able to get approved, depending on factors such as disposable income, but a “good” or “excellent” credit score is needed for the best approval odds. Even so, Venture should be a bit easier to get than a lot of other premium rewards cards, most of which require excellent credit, which generally means a credit score of 750+.… read full answer
Keep in mind that the Capital One Venture credit score requirement isn’t the only pre-requisite for approval. Things like how much you make and how much you owe are important, too. That’s why it’s possible to get approved with a lower credit score or rejected with a higher one.
Capital One Venture Minimum Credit Score & Other Requirements:
700+ credit score
18+ years old
Enough income and assets to afford monthly bill payments
As little debt as possible
U.S. mailing address
Social Security Number or Individual Taxpayer Identification Number
In some cases, the best course of action may be to spend a bit of time improving your credit score before applying for Capital One Venture. You need good credit to satisfy the Capital One Venture credit score requirement. But barely passing that test probably won’t give you great approval odds overall.
You can easily redeem Capital One Venture miles through the Capital One website, mobile app or customer service phone line. That’s fairly standard. What’s unique is that you can redeem Capital One Venture miles either before a trip, to book your accommodations, or to pay for travel expenses after the fact. You can charge any type of travel to your Venture card and then use your miles to pay once the purchases post to your account. You can also redeem Venture miles for gift cards and other non-travel rewards, but you’ll get half the value if you do that.… read full answer
Capital One Venture’s redemption process is one of its major perks. But there definitely are some do’s and don’ts to be aware of if you want to get top dollar for your miles. So let’s take a closer look.
Here’s how to redeem Capital One Venture miles online:
Choose your redemption method. The options are: “Redeem travel purchases,” “Book a trip,” “Get gift cards,” “Get an account credit,” “Get a check by mail,” and “Transfer Rewards.”
Follow the instructions for the option you’ve chosen.
As you can see, there’s a lot of different ways to redeem Venture miles. And with 2 miles for every dollar spent, along with a 50,000-mile initial bonus, they’ll build up fast. It’s also useful to note that you can redeem through the Capital One app too. Just log in with the same user name and password, click “Redeem Rewards” at the bottom, and select one of the options.
Here are the options for redeeming Capital One Venture miles:
Redeem travel purchases: 1 cent per mile Capital One shows you what travel expenses you’ve made in the past 90 days, and you can use your miles to “erase” some or all of the cost from your credit card statement.
Book a trip: 1 cent per mile The Capital One travel booking tool is powered by Orbitz, so you should have access to most major airlines, hotels and rental car companies.
Get gift cards: 0.5 cent per mile 90 stores are represented, including Bed Bath & Beyond, Lowe’s, AMC and Best Buy. Gift cards for as little as $10 are available for many stores. But the denominations vary by store.
Get cash back: 0.5 cent per mile You can get a deposit into your checking or savings account or receive a check by mail. You can also set up automatic cash redemption when you reach a certain number of miles.
Transfer miles: Value depends on the partner If you have another Capital One Venture or other travel rewards credit card account, you may be able to transfer your rewards to it.
The most convenient part about redeeming Capital One Venture miles is that you don’t have to decide to use them before making a purchase. You can use the so-called purchase eraser to pay for any type of travel expense charged to your card in the last 90 days. Capital One isn’t stingy about what it considers travel, either. It includes everything from hotels, airlines and cruises to Airbnb and Uber. That flexibility, combined with Venture’s top-notch rewards value, makes it one of the best cards available to frequent travelers.
How much 40,000 miles are worth depends on the airline or credit card you earn them from and when you book your flight. On average, 40,000 miles are worth about $400. But it can vary widely. For example, 40,000 AAdvantage miles are worth roughly $456 in American Airlines airfare. With United, 40k miles get you $416 in flights. And 40k Delta miles are worth $532.… read full answer
Here’s how much 40,000 miles are worth by airline:
Credit card miles that aren’t tied to a particular airline typically get you a penny each. But how you redeem your miles is really important, too. For example, the Capital One Venture Card’s 50,000-mile initial bonus is worth $500 when used for travel but just $250 when redeemed for cash.
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