Capital One Venture Approval Tips

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Capital One Venture Approval Tips

Million Mile SecretsCapital One Venture Approval TipsMillion Mile Secrets Team

We devote thousands of hours of research to help you get Big Travel with Small Money. You support us by signing-up for credit cards through partner links which earn us a commission. Here’s our full Advertising Policy.

Even miles & points veterans get a nervous feeling when submitting a credit card application.  No one like to have their application declined!

If you’re new to miles & points and considering the Capital One® Venture® Rewards Credit Card, there are a few tips to increase your chances of a card approval.

Capital One Venture Approval Tips
Many Folks Like to Earn Capital One Venture Miles Because You Can Redeem Them to Save on Different Types of Travel, Even Cruises!

Lots of readers love how simple it is to pay for travel with the Capital One Venture card.  Then, just use miles to “erase” the purchase!  Plus, you can earn a valuable sign-up bonus on the card worth $500 in travel!

Before applying for the Capital One Venture card, it’s a good idea to familiarize yourself with a few tips that can help you get an approval!

Capital One Venture 50,000-Mile Offer

Link:   Capital One Venture Card

Link:   My Review of the Capital One Venture 50,000-Mile Offer

As a reminder, the Capital One Venture card comes with 50,000 Venture miles (worth $500 in travel) after spending $3,000 on purchases within the first 3 months.

In addition to the valuable sign-up bonus, you’ll get:

The card has a $95 annual fee, which is waived the first year.

The card also comes with Visa Signature Benefits, which include:

  • Rental car insurance – Secondary protection against collision or vehicle theft
  • Travel accident insurance – Up to $250,000 insurance for accidental loss of life, limb, sight, speech or hearing
  • Lost luggage insurance – Up to $3,000 per trip, provided the luggage was lost from theft or misdirection by the airline, cruise, etc.

You can use your miles for nearly any travel purchase, like taxi rides, hotels, room service, and free flights.  Redeeming your miles is simple!  Just pay for travel with your card.  Then, you have 90 days to sign-in to your online account, find the travel purchase, and “erase” it with your miles!

Capital One Venture Approval Tips
It’s Simple to Redeem Venture Miles to Save on Travel Purchases! Just Log-In to Your Account and Quickly Use Miles to Erase All or Part of Your Expense!

4 Tips to Increase Your Chances of an Approval for the Capital One Venture Card

Check out these tips to put yourself in the best position to get the Capital One Venture card!

1.   Check Your Credit Report and Score

Capital One suggests you only apply for the Capital One Venture card if you have “excellent credit.”  The bank says you have excellent credit if you:

  • Never declared bankruptcy or defaulted on a loan
  • Have NOT been more than 60 days late on a loan in the past year
  • Have had a loan or credit card for 3+ years with a credit limit of $5,000+

A credit score of 720 or higher is typically considered very good to excellent.

I’ve heard from readers who have NOT received an approval with credit scores just under 700.  Keep in mind, there are other factors the bank considers, but having an excellent score is one of the most important!

2.   Capital One Has Card Limits

Capital One is known to automatically decline folks if they have more than 2 personal cards with the bank.  So, for example, if you already have the Capital One® VentureOne® Rewards Credit Card and Capital One® Quicksilver® Cash Rewards Credit Card, it’s unlikely you’ll be approved for the Capital One Venture card.

3.   Be Sure You Don’t Have a Freeze on Your Equifax Report

Capital One pulls from all 3 main credit bureaus when they process your application.  Meanwhile most banks, like Chase and American Express, only pull from one.

I know some folks place a security freeze on their credit reports to prevent identity theft.  But readers tell me you will not get approved for the Capital One Venture card if you have a freeze on your Equifax report.  So it’s a good idea to remove the freeze before applying for the Capital One Venture card.

Capital One Venture Approval Tips
Be Sure to Remove Any Security Freezes on Your Equifax Report Prior to Applying for the Capital One Venture Card

4.   Call Capital One If You Don’t Receive an Instant Approval

If you’re declined for a card, it’s worth calling the bank and speaking to a credit representative to find out what’s going on.  When calling, remember to always be friendly.

Also, be prepared to provide documentation regarding your business, such as a copy of a business card, proof of mailing address, invoices, etc.  And be able to explain why you’re applying for the card (not just the sign-up bonus!).

Here are 5 ways to make your credit card reconsideration telephone call a success!

Bottom Line

The Capital One Venture card is a popular pick for many Million Mile Secret Agents.  When you sign-up, you can earn 50,000 Venture miles (worth $500 in travel) after meeting minimum spending requirements.

To increase your chances of approval for the Capital One Venture card:

  • Have an excellent credit score (720+)
  • Do NOT have more than 2 personal Capital One credit cards open when applying
  • Be sure you don’t have a security freeze on your Equifax credit report
  • Call Capital One if you don’t receive an instant approval

Leave a comment below if you have any other Capital One Venture approval tips!

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Capital One® Venture® Rewards Credit Card

Capital One® Venture® Rewards Credit Card

  • Enjoy a one-time bonus of 50,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $500 in travel
  • Earn 2X miles on every purchase, every day. Plus earn 10X miles on thousands of hotels; learn more at hotels.com/venture
  • Named ‘The Best Travel Card' by CNBC, 2018
  • Receive up to $100 application fee credit for Global Entry or TSA Pre✓®
  • Fly any airline, stay at any hotel, anytime; no blackout dates
  • Miles won't expire for the life of the account and there's no limit to how many you can earn
  • No foreign transaction fees
  • $0 intro annual fee for the first year; $95 after that

More Info

Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)

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This post is missing some critical info. I meet criteria 1-3 and called (4) to no avail. Capital One is using some new, undisclosed metrics.

Yup, same here. Seems they don’t approve people with a lot of recent cards opened.

I’ve applied for this card for myself and my wife and we each were denied. My credit is 800 right now. The denial letter said that I have opened too many cards recently. We apply for a new card about every two or three months.