Yes, Capital One VentureOne does a hard pull on your credit upon applying. More specifically, it will pull your credit report from any of the major credit bureaus: TransUnion, Experian or Equifax.
Keep in mind that you will need a credit score of 700+ to get this card. This means that at least good credit is required for high chances of approval. Apart from your credit score, though, the issuer will also take into account various other factors while considering your application. For example, your credit history, income and any debts you might have will also determine the outcome.
It is also worth noting that a hard pull usually causes an applicant's credit score to drop by 5-10 points. Most people’s scores bounce back within 3-6 months with responsible credit management, but it can take up to 12 months.
You can learn more about how to minimize the credit score damage this article.
Capital One uses any of the three major credit bureaus for credit card approval: Equifax, Experian or TransUnion. More specifically, Capital One usually pulls from more than one credit bureau when considering your application, unlike most issuers who prefer one.
So, make sure all of your reports are in order. Remember that you are entitled to one free report from each of the three major credit bureaus every 12 months. This will provide an opportunity to check for any incorrect or outdated information on your credit report.… read full answer
If you apply online or over the phone, it usually takes around 60 seconds to get approved for a Capital One credit card. If not, you will most likely receive a decision within 7-10 business days.
Things to know about Capital One credit card approval time and process:
Approval Time: … read full answerYou should receive a decision within 60 seconds if you apply online or over the phone. If Capital One needs to collect additional information to make a decision, you will receive a decision via mail within 7-10 days of your application.
Delivery Time: You can expect to have your Capital One credit card in hand 7 to 10 business days after approval. Secured credit cards can take 2-3 weeks to arrive after the full deposit is received.
Instant Use Feature Available: Some cardholders may be able to use their Capital One credit card before it arrives in the mail. To check if you’re eligible, download the Capital One mobile app and check for your card details under the “Your Card Number” section. If you aren’t seeing this option, you would have to wait for your physical card before you can use it.
The Capital One VentureOne credit score requirement is 700; this means that you need at least good credit to be eligible for approval.
But Capital One takes far more than just an applicant’s credit score into account when making approval decisions; they consider your overall financial picture, including your income and existing debt obligations, so your credit rating can only be used as a guideline. If you’d like to see where your credit stands, and thus get a rough sense for your odds of approval, you can … read full answercheck your credit score for free on WalletHub.
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. This question was posted by WalletHub. 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.