Capital One Credit Score Requirements for 2024 (2024)

FAQs

What credit score does Capital One require? ›

Your approval odds for the Capital One Venture X Card are best if your credit score is 740 or higher. Keep in mind, that other factors go into your application as well, including your income and relationship with Capital One.

The most important rule to consider in collecting points is the “5/24 rule.” The rule is simple: If you get 5 personal credit cards in any 24-month period, you're automatically prohibited from getting a 6th Chase or Capital One card.

Your monthly income needs to be at least $425 more than your monthly rent or mortgage payment to get a Capital One credit card. Capital One wants to know you can afford credit card payments on top of your other expenses, and the higher your income is above the minimum, the more likely you are to be approved.

Credit monitoring can help you detect fraud and track your credit scores. One way to do this is by using a free credit tool like CreditWise from Capital One, which lets you access your TransUnion credit report and VantageScore 3.0 credit score. Using CreditWise won't hurt your credit scores.

According to FICO®, for example, a fair credit score falls between 580 and 669. According to VantageScore®, a fair score ranges between 601 and 660. Capital One credit cards for fair credit include QuicksilverOne, Quicksilver Secured, and the Platinum Mastercard.

Capital One Venture X Rewards Credit Card

A rating of 5 is the best a card can receive. Why it's one of the hardest credit cards to get: The Capital One Venture X Rewards Credit Card is hard to get because it requires excellent credit for approval and charges an annual fee of $395. You get a lot in return, though.

I personally love using the 50/30/20 method, a popular technique where you break your budget into three categories –– 50% goes to needs (think: food, water, shelter), 30% goes to wants (fun things like travel, dining out, and hobbies), and 20% goes to savings and debt.

There is no general starting credit limit for Capital One credit cards. Your credit limit will be based on your creditworthiness once your application has been approved.

How to bypass the Chase 5/24 rule? If you've been approved for five cards in the past 24 months, you will not be approved for another Chase card thanks to the 5/24 rule. There have been reports of “Selected for you” and “Just for you” offers being exempt from the 5/24 rule.

It is not very hard to get a Capital One credit card because Capital One offers cards for people with bad credit or better. The easiest credit card to get from Capital One is the Capital One Quicksilver Secured Cash Rewards Credit Card, which is available to applicants with bad credit.

How does Capital One verify income? ›

The pay stub must be computer-generated, include year-to-date earnings and taxes withheld, contain no alterations, and must have been issued within 40 days of the faxed date. The applicant must have been employed for at least 90-days to include overtime, commission, and bonuses.

Credit bureau used by Capital One

Capital One pulls your credit score from all three bureaus — Equifax, Experian, and TransUnion — when assessing credit applications. This policy provides Capital One with the most comprehensive credit profile for any given applicant.

You need a credit score of 700 or higher (good to excellent credit) to get the best Capital One credit card offers. Other options are also available for people with lower scores, as it is possible to get approved for Capital One credit card with limited credit history or a bad credit score.

A main draw of this card is that you can see approval with a fair to good credit score of 580 to 739.

Creditors don't always report to all three major credit bureaus. In addition, they may not always share the same consumer information with the credit bureaus at the same time, either. For example, you may have missed a payment at some point, and it was reported to one bureau, but not the other two.

As long as you meet the credit score requirement and a few other requirements, it's not hard to get a Capital One credit card. As with all credit cards, you'll need to have a steady income and be at least 18 years old. You'll also need to have an SSN.

There is no general starting credit limit for Capital One credit cards. Your credit limit will be based on your creditworthiness once your application has been approved.

According to a report from Experian®, the average FICO credit score in America was 714 in 2022. So 600 falls below that national average. On the VantageScore range, the company says 600 scores are considered poor.

As someone with a 650 credit score, you are firmly in the “fair” territory of credit. You can usually qualify for financial products like a mortgage or car loan, but you will likely pay higher interest rates than someone with a better credit score. The "good" credit range starts at 690.