The Capital One VentureOne foreign transaction fee is $0. This means you will not be charged extra when you use the card outside the U.S. or online through an international merchant. Capital One doesn’t charge foreign transaction fees on any of its credit cards. Foreign transaction fees on other cards typically range from 0% - 3% depending on the card and the issuer.
$0 foreign transaction fee aside, Capital One VentureOne has other features which make it an attractive travel rewards card. It offers unlimited 1.25 miles / $1 on every purchase. Earned miles never expire as long as you keep the account open. Plus, Capital One VentureOne offers greater flexibility than most cards when it comes to booking travel as it allows you to transfer your miles to over 15+ travel loyalty programs.
Other features include a $0 annual fee and an initial bonus of 20,000 miles after spending $500 in the first 3 months. The bonus miles are worth $200 when you redeem them for travel.
The Capital One Savor foreign transaction fee is $0. All Capital One credit cards benefit from $0 foreign transaction fees. That means you can use the Capital One Savor anywhere in the world that accepts Mastercard without paying a surcharge. Most credit cards with a foreign transaction fee charge about 3% of any purchase processed internationally.… read full answer
Just because Capital One Savor's foreign transaction fee is $0 does not mean it's completely free to use. The card features a $95 annual fee. The Capital One SavorOne Cash Rewards Credit Card, on the other hand, has a $0 annual fee, while also benefiting from a $0 foreign transaction fee.
Capital One is known for having credit cards with some of the best travel benefits, so it makes sense they'd ensure traveling with your credit card is as easy as possible. On that note, Capital One does not require you to set a travel notification before heading abroad, unlike some other credit card companies. Just make sure you keep your contact information updated while traveling abroad in case Capital One needs to reach you.
Your Capital One VentureOne credit limit will be at least $2,000. That’s the bare minimum, but it could be more. Capital One VentureOne has no disclosed maximum credit limit. How much you’re approved for will depend on a combination of your credit history, income, and existing financial obligations.
You aren’t necessarily locked into your first Capital One VentureOne credit limit forever. Three months after opening your account, you could be eligible to request a credit line increase if you’ve paid on time so far. But there are no guarantees. There is, however, a bit more information you should know.… read full answer
Capital One VentureOne Credit Limit Info:
All approved applicants for VentureOne get a credit limit of at least $2,000.
Some online posts from users have claimed they were approved for limits of $20k and above.
To be approved for Capital One VentureOne, you need good-to-excellent credit. That means a credit score of 700 or above.
Capital One recommends that VentureOne applicants never have defaulted on a loan or been more than 60 days late in the past year. You should also have an existing credit card with a limit of $5,000+ that’s been open for at least three years.
You can request a credit limit increase when your Capital One VentureOne account has been open for three months. After that, you can request an increase every six months.
To be approved for a VentureOne credit limit increase, you need to make on-time monthly payments to all your creditors. You should also be paying more than the minimum with VentureOne.
The $2,000+ that you’ll get as your Capital One VentureOne credit limit compares decently well to other popular credit cards for people with good credit. For example, the Capital One Venture credit limit is $5,000+, the Citi Double Cash limit is $500+, and the Chase Freedom credit limit is $500+.
That means you won’t pay extra just for shopping at foreign merchants, whether you’re traveling abroad or buying things online from merchants in other countries. Typically, a foreign transaction fee will cost you an extra 1%-3% of the purchase amount. Capital One, Discover, USAA and PenFed are the only major credit card companies that don’t charge foreign fees on any of their cards.
Even though there are no Capital One credit card foreign transaction fees, there’s still one thing you need to watch out for: Dynamic Currency Conversion (DCC). Capital One doesn’t impose this on you, but they can’t protect you from it, either, unfortunately. Dynamic currency conversion is when a merchant charges you in U.S. dollars rather than the local currency and uses an unfair exchange rate to inflate the price. You should always tell merchants to charge you in the local currency. And if you see on your receipt that they didn’t, you should ask them to void the transaction and do it over.
As long as you avoid DCC, you won’t have to worry about extra charges when using a Capital One credit card abroad, thanks to your $0 Capital One foreign transaction fee.
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