Capital One Journey Card Review

The usual Capital One Journey credit limit is $300 or more. Capital One Journey is a credit card geared for students with limited credit, and an applicant could start out with a limit higher than $300 if their credit profile exceeds Capital One's minimum requirements. Cardholders have reportedly received Capital One Journey credit limits starting at up to $2,000.

On that note, it is worth noting that you don't have to be a student to get the Capital One Journey card. If you don't have less than 3 years of credit history, you will need to have at least fair (640+) credit to qualify for this card.

In any case, keep in mind that you will not know your exact Capital One Journey credit limit before you apply for the card. Capital One determines credit limits based on a review of the completed application, each applicant's credit history, and each applicant's ability to make monthly payments. They will notify you of your limit amount if you're approved for an account.

Whatever your Capital One Journey credit limit might be starting out, you may be eligible for a credit limit increase over time. Capital One will automatically consider you for a higher credit limit after you've made your first 6 payments on time. You can also request an increase after you've had the card for at least 6 months. However, there's no guarantee you'll be approved.

The easiest way you can apply for the Capital One Journey card is online, or by calling customer service. Alternatively, you can apply in a Capital One branch.

Here's how to apply for the Capital One Journey card:

• Online: To submit an online application, just click on the “Apply Now” Usually, a decision is made instantly when you apply online.
• By phone: If you want to apply for the Capital One Journey card by phone, call customer service to speak to a representative.
• At a Capital One branch: Alternately, you can apply for Capital One Journey by visiting your local Capital One branch.

You can request a Journey Student Rewards from Capital One credit limit increase online, through the Capital One mobile app, 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.

How To Get a Capital One Journey Credit Limit Increase Online

1. Log in to your online account or the Capital One mobile app.
2. Choose the Capital One Journey card from the list of account options (if you have more than one Capital One card).
3. Click “I Want To...,” and then “Request Credit Line Increase.”
4. Enter 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.
5. Confirm the information entered 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 Journey credit limit increase, the new limit is effective immediately.

Impact of a Capital One Journey Credit Limit Increase on Your Credit Score

When you request a Capital One Journey credit limit increase, Capital One will conduct a soft pull of your credit report, which does not affect your credit score. However, some Capital One Journey credit limit increase requests may involve a hard pull, which will cause a short-term dip in your credit score. Capital One cannot do a hard pull without your permission.

Alternatively, you could be eligible for a Capital One Journey credit limit increase without even requesting one. The Capital One Journey card may offer an automatic credit limit increase if Capital One's regular review of your account shows a history of on-time payments and low debt. An automatic credit limit increase involves a soft pull, which does not affect your credit score.

The Capital One Journey credit score requirement is 640 or higher for applicants who have a credit score, though you can also get approved with limited or no credit history. The credit score needed for the Journey Student Rewards from Capital One is on par with the requirements for other major student credit cards.

You should note that while your credit score is an important factor, there are plenty of other things that will impact your chances of being approved for the Capital One Journey Card, too. Some other key criteria include your income, existing debt load, number of open accounts, recent credit inquiries, employment status and housing status.

If you excel in other areas, you might be able to get approved with a slightly lower credit score in some cases. But it's best to wait to apply until you meet the Capital One Journey credit score requirement. You can check your credit score for free on WalletHub.

The easiest way to reach the Capital One Journey card's customer service is online or via Capital One's app for iOS and Android.

You can also call (800) 227-4825 to talk to a representative or send your inquiries via mail to:

Capital One
Attn: General Correspondence
P.O. Box 30285
Salt Lake City, UT 84130-0287

Alternatively, Capital One's Eno and the Ask Alexa skill can help with some questions you might have. Among other things, you can inquire about your balance, due date, and transaction history.

The Capital One Journey Card does not offer rental car insurance. But there are other Capital One cards that do have this benefit, which covers damage or theft of the vehicle, damage or theft of personal items, loss of use and towing charges. Cardholders are covered up to the actual cash value of the vehicle or $50,000.

To get coverage, a cardholder must pay for the rental entirely with an eligible Capital One credit card or rewards. Examples of eligible cards include the Capital One Quicksilver and Capital One Venture.

If you'd like a credit card with rental car insurance, there are plenty of options outside of Capital One, too.

To get a Journey Student Rewards from Capital One cash advance:

1. Call Capital One customer service at the number on the back of your card and request a PIN, if you don't already have one.
2. Insert the credit card at an ATM and enter the PIN.
3. Select the cash advance option on the ATM screen.
4. Enter the amount you'd like to withdraw.
5. Withdraw the cash and remove the credit card from the ATM.

Before you take out a Capital One Journey cash advance, it's important to note that it is a very expensive transaction. For starters, there's a 3% (min $10) cash advance fee. There's also a separate cash advance APR that applies as soon as you withdraw the cash. There may be ATM-owner fees, too.

Your Capital One Journey approval odds are good if you are a student with little-to-no credit, or a credit score of 640+ (at least fair credit). Approval odds for the Capital One Journey Card will be influenced by your annual income and existing debts, and you need to be 18+ years old. You'll also need to have a U.S. mailing address and an SSN.

What You Need for Good Capital One Journey Card Approval Odds

• Little to no credit history, or at least fair credit (score of 640+)
• Proof that you're currently a student
• Enough income to pay credit card bills
• Low debt relative to income
• Low housing costs relative to income
• U.S. mailing address
• Age of 18+
• Social Security Number or Individual Taxpayer Identification Number

Keep in mind that many of these are guidelines rather than requirements. For example, you may have a low annual income with no debts and still get approved.

You can sign up for a free WalletHub account and see if you're likely to get approved before you apply.

Yes, the Capital One Journey Card has a grace period of at least 25 days, lasting from the end of each billing cycle until the payment due date. If cardholders pay their Capital One Journey statement balance in full every month, Capital One will not charge any interest.

Keep in mind that you are not required to pay the entire balance by the due date. But if you decide to pay less than the full amount due, you will lose the grace period. The remaining Capital One Journey balance and any new purchases will then start to accrue interest that compounds daily. To get a credit card grace period back, you will need to pay the statement balance in full for two consecutive months.

It's also important to note that grace periods do not apply to cash advances or balance transfers.

You can get approved for the Capital One Journey with no credit. This card was designed primarily for students, so limited or no credit history shouldn't be an issue if you have an active college or university email address.

Credit card companies tend to be rather generous with students relative to other applicants with similar credit profiles, as students have above-average earning potential and decades of financial needs ahead of them.

All a student must do to qualify is to demonstrate the independent income or assets needed to pay at least their minimum monthly bill (usually around $10 for student cards). However, if that's not possible, it's worth looking into having a parent co-sign.