Your numerical credit score isn’t the only factor that contributes to the good or excellent credit score you need to be approved for a Capital One Venture card. Other Capital One Venture Card Requirements These are provided as guidelines only and approval is not guaranteed. This is just one scoring method and a credit card issuer may use another method when considering your application. So before you push the button to apply, take a look at the other criteria Capital One wants you to meet before applying for a Venture card.Ĭredit Score ranges are based on FICO® credit scoring. The actual credit card application uses a hard credit inquiry, which will affect your credit score. But the label “preapproval” can feel just a little misleading, because even if the tool shows you’re qualified for one of the Capital One Venture credit cards, you still need to go through the actual application/approval process to get one of the credit cards you’ve been preapproved for. The preapproval tool only does a soft inquiry into your credit history, which does not affect your credit report. If you’re thinking of going for the Capital One VentureOne Rewards, Venture Rewards or Venture X Rewards cards, you can fill out Capital One’s preapproval tool to see if you’re a likely candidate. If your credit is significantly better, you might be a candidate for the other Capital One Venture card options. Ultimately, regardless of which credit scoring method is in play, a credit score of about 670 or higher means you’re probably a good prospect-pun not intended-for the Capital One VentureOne Rewards for Good Credit. We can’t help but find it noteworthy that Capital One’s labels for credit score ranges (“good” and “excellent”) also match up with those used by VantageScore. This shows consumers their credit score and helps them understand when, and why, it changes. Additionally, Capital One uses VantageScore to power its CreditWise tool. Here’s how the two most recent updates to VantageScore (versions 3.0 and 4.0) break down numerical ranges into labels, according to Experian:Ĭapital One representatives could not confirm which scoring method it uses for credit card approval, but Capital One does appear in VantageScore’s scrolling client list. credit bureaus: Equifax, Experian and TransUnion. VantageScore was created by the three major U.S. VantageScore’s Definition of Good and Excellent Credit Here are the definitions of which credit scores result in which labels: FICO’s Definition of Good and Excellent CreditįICO is the credit scoring method most often used by lenders in the U.S. We’ll discuss those other factors in a moment but first, even though credit card companies typically keep mum about their minimum credit scores, the two credit scoring models most commonly used in the U.S.-FICO and VantageScore-are more forthcoming about what it takes to meet each level of credit. They also noted that your numerical credit score is just one of a number of factors they consider when you apply for a card. That’s exactly what Capital One representatives did when we reached out for comment. You’ll need excellent credit to qualify for the other three versions of this card: Capital One VentureOne Rewards Credit Card, Capital One Venture Rewards Credit Card and Capital One Venture X Rewards Credit Card.Ĭredit card companies typically decline to reveal what minimum credit score it takes to reach a particular level of credit. The easiest one to get is the Capital One VentureOne Rewards for Good Credit card which, as the name suggests, requires good credit. What Credit Score Do I Need For A Capital One Venture Card?Ĭapital One currently offers four versions of the Capital One Venture card for consumers.
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