WHAT CREDIT SCORE DO YOU NEED FOR THE CAPITAL ONE VENTURE X?

Vault’s Viewpoint

• Many travelers use travel credit cards like the Capital One Venture X Rewards Credit Card to earn travel rewards and access valuable travel benefits.
• Review the recommended Capital One Venture X credit score to help determine if you’re a good candidate for this card.
• Approval for this travel rewards credit card is not guaranteed, but applicants with a FICO Score of 800 or higher may be more likely to be approved for the Capital One Venture X.

More About the Capital One Venture X

The Capital One Venture X Rewards Credit Card is popular among travel enthusiasts—and for good reason. The card rewards cardholders for travel spending and other purchases made with their cards. A generous welcome offer is available to new cardholders who meet minimum spending requirements. Plus, this Capital One credit card has perks that will appeal to frequent travelers.

Here’s an overview of some of the top features of this travel credit card:

• Earns 10X miles on hotels and car rentals booked through Capital One Travel
• Earns 5X miles on flights booked through Capital One Travel
• Earns 2X miles on all other purchases
• $300 annual travel credit for Capital One Travel bookings
• 10,000-mile anniversary bonus every year beginning on your first anniversary
• Free access to Capital One Lounges and select partner airport lounges
• No foreign transaction fees
• Up to $100 fee credit when the card is used to pay membership for Global Entry or TSA PreCheck every four years
• Add authorized users for free

With plentiful valuable features and benefits, it’s easy to see why Newsweek’s best travel credit cards list includes the Capital One Venture X Rewards Credit Card. But before applying for this card, you’ll want to review the recommended Capital One Venture X requirements, though they’re not a guarantee. Some rewards credit cards can be more challenging to get approved for if you have a limited credit history or a lower credit score.

Credit Score Needed for the Venture X

What is the recommended Capital One Venture X credit score? Excellent credit is recommended to have better approval odds for this card. The FICO Credit Score is one of the most commonly used credit scoring systems. A FICO Score of 800 to 850 is considered excellent, so having a FICO Score of 800 or above before applying is recommended.

Here’s an overview of FICO Score credit score ranges and the corresponding rating for each:

• Poor: 580 or below
• Fair: 580 to 669
• Good: 670 to 739
• Very good: 740 to 799
• Excellent: 800 to 850

While there are no guarantees that applicants with credit scores of 800 or higher will get approved, those with scores in this range will likely have better odds of getting approved for the Capital One Venture X Rewards Credit Card.

Some applicants with lower scores may also qualify for this credit card. If your current credit score is under 800, increasing your score before applying for this card may be helpful.

While Capital One highlights that the Capital One Venture X card is recommended for people with excellent credit, the card issuer doesn’t outline specific credit score requirements for its cards on its website. The above notes are only suggestions and don’t come directly from Capital One or indicate pre-approval.

What If You Don’t Qualify for the Venture X?

All hope is not lost for those who don’t meet the Venture X credit score recommendation. Here are a few suggestions that could help you increase your chances of approval for this card:

Improve Your Credit

If you’re interested in the Capital One Venture X Rewards Credit Card, improving your credit before applying could increase your approval odds. Here are the five factors that make up your FICO Score and how much each category impacts your score:

• Payment history (35%)
• Amount of debt owed (30%)
• The length of your credit history (15%)
• How much new credit you have (10%)
• Overall credit mix (10%)

Improving these areas can help to increase your credit score. Paying your bills on time every month and using less of your available credit are two ways to make progress. With continued effort and time, you may see your credit score increase.

Apply for Other Credit Cards

Here’s some good news: This isn’t the only credit card. You might consider applying for other credit cards before trying for the Capital One Venture X. You may qualify for another travel credit card that earns rewards. Using credit cards responsibly could help boost your credit score. Once your score improves, you can apply for premium credit cards like the Capital One Venture X Rewards Credit Card.

Here are some other credit cards to explore:

• Best travel credit cards with no annual fee
• Best premium credit cards
• Best credit cards
• Best credit cards for building credit

If you have limited credit, you may want to start with a secured credit card. Unlike traditional unsecured credit cards, these cards require the cardholder to make an initial deposit before accessing a line of credit. Most secured credit card deposits are refundable, but not all are. Using one of the best secured credit cards with care could help you build credit with responsible card use and increase your score.

The post What Credit Score Do You Need for the Capital One Venture X? first appeared on Newsweek Vault.

2024-04-23T13:54:13Z dg43tfdfdgfd