The Capital One Venture card interest rate is 17.24% - 24.49% (V). The exact APR a Venture cardholder will get upon approval will be within that range, and it will depend on their overall creditworthiness. Capital One considers an applicant’s income, past payment history, credit score, and other factors when deciding on their interest rate. Keep in mind that only the most qualified applicants will get the lowest interest rate offered.
You can avoid the Capital One Venture interest rate completely by paying your statement balance in full every month by the due date. That way, you won’t be charged interest at all.
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.
One way to lower the interest rate on a Capital One credit card is to call customer service at 1 (800) 227-4825 and try to negotiate a reduced rate. If your financial situation is especially dire, Capital One offers a credit card hardship program. Through this program, Capital One may waive the interest on an account to allow the customer to catch up on payments. The timeframe varies depending on the customer’s situation. However, these programs are limited to customers with significant hardships such as a job loss or medical emergency. Simply not paying the bill for several months does not count as a hardship.… read full answer
Once you’re connected to a representative who can negotiate your interest rate, state your reason for seeking a reduced APR and ask about the hardship program if you think you may qualify. Otherwise, if you’re suddenly having trouble making your payments, you could mention your past stellar credit history, if applicable. Or, you might want to note your loyalty to the company if you’ve had their card for a long time. Speak politely, but be persistent when you negotiate.
Given that Capital One is not in the business of reducing interest rates out of charity, you’re unlikely to be successful unless you can somehow show Cap 1 that they’ll get more money from you in the long run with a reduction. So it’s good you have options.
The best way to lower the interest rate on a Capital One credit card is to transfer the balance to a 0% APR card from a different credit card company. You’ll need good or excellent credit to qualify for a good deal, but you could save a nice chunk of change.
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