Credit Cards for Fair Credit | Capital One (2024)

FAQs

Credit Cards for Fair Credit | Capital One? ›

People with bad credit may generally find it easier to get approved for a secured card. A secured card like the Capital One Platinum Secured credit card can be a great option for people who are establishing or rebuilding their credit.

People with bad credit may generally find it easier to get approved for a secured card. A secured card like the Capital One Platinum Secured credit card can be a great option for people who are establishing or rebuilding their credit.

A main draw of this card is that you can see approval with a fair to good credit score of 580 to 739. What's more is that the Capital One Platinum Credit Card offers potential customers preapproval without a hard inquiry on your credit report.

Some Capital One credit cards are hard to get because they require at least good credit, which means you need a credit score of 700+ for good approval odds. Other Capital One credit cards are easier for people with lower credit scores to get approved for, so it's important to choose wisely.

Some common reasons for not getting approved for a credit card include: Having a low credit score. Having too much debt. Having too many hard inquiries on your credit reports.

First Progress Platinum Elite Secured Mastercard: The First Progress Platinum Elite Secured Mastercard requires no credit history or minimum credit score for approval. Your security deposit is refundable, and the card is accepted nationwide.

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.

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.

Of course, the Quicksilver's rich benefits come at a price: your credit score. Only consumers with good to excellent credit, meaning a credit score of 690 or higher, can qualify for the Quicksilver.

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.

Does Capital One verify income for credit cards? ›

W-2 Employees: Applicants must provide a copy of their most recent pay stub. 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.

You may be wondering how long it takes to get approved. The good news is that it typically doesn't take long—online and phone applications often get a response in 60 seconds. But if you don't receive a rapid answer, you can easily check your application status by calling customer service 1 (800) 903-9177.

Minimum redemption requirement: None. Credit score requirement: According to Capital One, you'll need excellent credit to qualify for the Capital One SavorOne Cash Rewards Credit Card. Typically, excellent credit means a credit score of at least 720.

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.

The 5/24 rule is an unofficial policy that dictates that Chase won't approve you for its cards if you've opened five or more personal credit card accounts from any issuer in the last 24 months.

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.

Platinum Secured Credit Card from Capital One.

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.