Yes, Capital One Venture is an excellent credit card – provided you’re someone who likes to travel. The card’s travel-related rewards are very generous, especially considering how flexible the redemption process is. Capital One Venture offers 60,000 miles for spending $3,000 in the first 3 months. And you earn ongoing rewards of 2 miles per $1 on all purchases. There’s a $95 annual fee, but frequent travelers can easily offset this cost, given Capital One Venture’s rewards.
Here’s why Capital One Venture is a good credit card:
Big initial bonus: Capital One Venture offers 60,000 miles for spending $3,000 in the first 3 months.
Generous rewards: You get 2 miles per $1 on all purchases, with no limit.
Redemption flexibility: You can redeem your miles to cover the cost of a trip after you take one, or you can use them to book flights, hotels and rental cars. There are other ways to redeem, like gift cards or cash back, but you get less value.
Restriction free: Capital One doesn’t have any blackout dates or seating restrictions – you can book any flight, any time.
Travel Benefits: Capital One Venture comes with additional benefits like travel accident insurance, auto rental insurance, and more.
Reasonable fees. The annual fee is $95, but frequent travelers have the potential to offset it due to the card’s rewards. The card also features a $0 foreign transaction fee, which is ideal when traveling. The maximum late fee is $40.
Capital One Venture is an excellent credit card for frequent travelers with good credit or better (a credit score of 700+). But keep in mind that its rewards are worth more when redeemed for travel. So check out some of the best credit cards for everyday spending, if you don’t travel as often. Also, Capital One Venture has a regular APR of 15.99% - 23.99% (V) (based on the specifics of your credit), so if you plan on financing a purchase or transferring a balance, make sure to also take a look at the best low interest credit cards.
One year after my BK7 I applied and was approved for a Capital One Platinum Mastercard with a SL of $500. After one year of heavy use and paying off the balance each month BEFORE statement cycled, I requested and was granted an upgrade to VENTURE with a credit line of $8K.
Fast forward two years along with moderate usage and multiple credit line increase requests, my current limit is now at $19K! I have requested CL increases this past year, but my usage doesn’t warrant an increase.
This is a metal card that earns 2 miles per dollar spent. I can redeem my miles against ANY flight or hotel purchased with my VENTURE card in addition to redeeming my miles on Amazon.com!
I mention my BK because Capital One extended me credit when others didn’t. BTW I was initially approved with a FICO in the 630’s and my current FICO is right at 683.
The Capital One Venture credit limit will be determined based on your creditworthiness, once your application has been approved. Factors such as your annual income, debts and liabilities, repayment history and length of your credit history are among the ones generally considered for determining credit limits.
If you’re unhappy with your credit limit and would like to request an increase, Capital One allows you to submit your request … read full answeronline. Bear in mind that new accounts are generally ineligible for credit line increases. So it’s advisable to wait a few months before requesting one. Requesting a credit limit increase for Capital One Venture won’t affect your score as Capital One uses soft pulls for these credit inquiries.
You can request a Capital One credit limit increase online or by calling customer service at the number on the back of your card. To raise your chances of being approved for a higher credit limit, pay your bill on time for at least six straight months, reduce your outstanding debt, and update the income Capital One has on file. Capital One will be more likely to increase your credit limit if the revised income clearly shows that you can afford a higher limit.… read full answer
How to Get a Capital One Credit Limit Increase Online
Choose the Capital One card for which you’re requesting the increase (if you have more than one card).
Click “I Want To...,” and then “Request Credit Line Increase.”
Enter your your total annual income, employment status, occupation, how much you will spend monthly on the card, your mortgage or rent payment amount, and your desired credit limit.
Confirm the information and click “Submit” to complete the request.
You should receive a decision in just a few seconds. If you’re approved for a Capital One credit limit increase, the new limit will be effective immediately.
Impact of a Capital One Credit Limit Increase on Your Credit Score
When you request a Capital One credit limit increase, Capital One will conduct a hard pull of your credit report, which will cause a short-term dip in your credit score. Capital One cannot do a hard pull without your permission, though.
On the other hand, there are times when you could be eligible for a Capital One credit limit increase without even requesting one. Capital One may offer an automatic credit limit increase if its regular reviews of your account show a history of on-time payments and low debt.
Yes, it's a very good card, especially if you travel. It has a high rewards rate, flexible reward redemption, no foreign transaction fees, and a sign-up bonus.
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