Chip Lupo, Credit Card Writer
@CLoop
The biggest disadvantage of the Capital One Venture Rewards Credit Card is that it is available to people with at least good credit, which means the average person may struggle to qualify. There are a few other disadvantages of the Capital One Venture to be aware of, too.
Capital One Venture Disadvantages
- Available to high credit scores: The Capital One Venture is available to applicants with at least good credit.
- Annual fee: The annual fee is $95.
- No 0% intro APR on purchases: The Capital One Venture does not currently offer a 0% intro APR promotion on purchases, so it is not good for people looking to finance big purchases.
- No 0% intro balance transfer APR: There is no introductory 0% APR on balance transfers.
In addition, there are plenty of potential disadvantages applicable to all or most credit cards. Some examples are the hard credit pull that usually happens when you apply, interest charged on balances that are carried from month to month, and the potential to overspend.
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People also ask
What are the Capital One Venture requirements for approval?
The minimum requirements for the Capital One Venture (see details, rates & fees) include being at least 18 years old, having a good credit score or better, and earning enough income to afford monthly bill payments. You also need to have a Social Security number or International Tax Identification Number.
Minimum Capital One Venture (see details, rates & fees) Requirements
- Enough income to make the monthly minimum payment
- Good credit or better
- 18+ years old with a checking or savings account
- Social Security...
What is the Capital One Venture Rewards Credit Card credit score requirement?
According to WalletHub editors, applicants with a credit score of around 700 may have better chances of being approved for the Capital One Venture Rewards Credit Card (see details, rates & fees). That means people with good credit have a shot at getting approved for the Capital One Venture (see details, rates & fees).
Note that while your credit score is very important, plenty of other things will impact your chances of being approved for the Capital One Venture (see details, rates & fees). Some other key criteria include your income, existing debt load, recent credit inquiries, number...
read full answer by Tom Lipkis, WalletHub Credit Card ConsultantIs Capital One Venture a good credit card?
Capital One Venture (see details, rates & fees) is a good credit card to have if you like to travel because it offers very generous travel-related rewards that are easy to use. For starters, Capital One Venture (see details, rates & fees) offers an initial bonus of 75,000 miles for spending $4,000 on purchases within 3 months from account opening. The bonus is worth $750 in travel.
You earn ongoing rewards of 5 miles per $1 spent on hotels, vacation rentals and rental cars booked through Capital One Travel, 5 miles per $1 spent on Capital One Entertainment purchases, and 2 miles per $1 on all other purchases. There’s a $95 annual fee, but frequent travelers can easily offset this cost, given Capital One Venture (see details, rates & fees)’s rewards.
What Makes Capital One Venture (see details, rates & fees) a Good Credit Card:
Big initial...
read full answer by Joyce Brown, WalletHub Credit Card AnalystDid we answer your question?
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