Capital One Venture summary
- Large credit card issuer with variety of cards to choose from
- Options for applicants with lower credit scores
- Some high-end credit cards with more perks
- Credit cards with highest rewards have annual fees
- No additional card rewards for account holders
- Some credit cards require excellent credit
As the 99th largest company among the Fortune 500, Capital One is a formidable contender within the consumer credit card industry. Its diverse credit card offerings are segmented into different tiers, each with its own target market, rewards structure, and fee structure, allowing consumers across the credit score spectrum to access high-quality rewards cards.
The Quicksilver card, for example, offers a $200 welcome bonus, a 0% intro APR period for 15 months, and unlimited 1.5% cash back. The QuicksilverOne—a version for cardholders with lower credit scores—offers no welcome bonuses, but the same generous cash back rate.
The bank’s Venture and Venture X cards are its premium travel rewards cards. Both offer 10x points on hotels and rental cars and 2 points per dollar on everything else. The Venture X includes an additional 5x points on flights and an added list of exclusive luxury perks.
Capital One’s SavorOne, meanwhile, is a cash back credit card that offers extra cash back on streaming services, grocery stores, and entertainment, along with an unlimited 1% cash back on everything else.
Capital One offers a large selection of credit cards suitable for consumers of all types. Both long-time cardholders looking to upgrade to a high-end offering and those new to the world of credit card rewards can find a Capital One card that fits their needs.
The bank’s Quicksilver and QuicksilverOne cards offer unlimited 1.5% cash back and are a good choice for general spending. Clients looking to maximize their cash back can even pair their Quicksilver with a Savor or SavorOne card to achieve 3% back on groceries, streaming, and entertainment—and 1.5% back on everything else.
On the other hand, the Venture and Venture X cards have no foreign transaction fees and sizable rewards multipliers for travel expenses. These cards could be a compelling option for frequent flyers, especially those who want to travel in luxury and style.
Customers who value convenience and ease will also admire Capital One’s technology-focused ethos. With a 4.7-star rating on Google Play and 4.8 stars on the Apple App Store, the bank’s highly rated mobile app offers features like autopay, spend tracking, and bill reminders, making it easy to view, manage, and pay a credit card account or bill, even on the go.
Interest Rates and Fees
Capital One’s credit cards usually come with APRs around 14-25%. Some products, like the Quicksilver or SavorOne, offer a 0% introductory APR period for 15 months. On the other hand, offerings targeted towards borrowers with lower credit scores, like the QuicksilverOne, lack an introductory APR period and can charge interest rates as high as 26.99%.
Here’s a quick table of each card’s fees and interest rates.
|Interest Rate||Intro APR Period||Foreign Transaction Fees||Annual Fee|
Capital One Quicksilver Rewards Card
|14.99%, 20.99%, or 24.99% APR||0% for 15 months||None||$0|
|Capital One QuicksilverOne Rewards Card||26.99% APR||None||None||$39|
|Capital One Venture Rewards Card||15.99%, 20.99%, or 23.99% APR||None||None||$95|
|Capital One Venture X Rewards Card||16.99%, 20.99%, or 23.99% APR||None||None||$395|
|Capital One SavorOne Rewards Card||14.99%, 20.99%, or 24.99% APR||0% for 15 months||None||$0|
Rewards & Cash Back
Capital One Quicksilver Rewards Card
Cardholders approved for this card can earn a $200 cash bonus when they spend $500 within the first 3 months of opening an account. The card also offers an unlimited flat-rate 1.5% cash back on all purchases, regardless of category.
Capital One QuicksilverOne Rewards Card
While the QuicksilverOne does not offer a welcome bonus, it offers the same regular rewards rate as the Quicksilver—an unlimited 1.5% cash back on any purchase.
Capital One Venture Rewards Card
The Venture card is the bank’s introductory premium travel rewards card. It offers 60,000 miles when cardholders spend at least $3,000 within 3 months of account opening. The card offers a rewards rate of 10 miles per dollar on hotels and cars booked through Capital One travel—and unlimited 2 miles per dollar on all other purchases. Additionally, the card offers:
- 2 free visits to a Capital One lounge
- A $100 Global Entry and TSA PreCheck® credit, which gives cardholders a fast-pass through security lines at airports
Capital One Venture X Rewards Card
The Venture X is the upgraded version of the Venture card. It offers 100,000 miles when cardholders spend at least $10,000 within the first 6 months. The card offers a rewards rate of 10 miles per dollar spent on hotels and cars and 5 miles on flights booked through Capital One travel—plus unlimited 2 miles per dollar on everything else. Other perks include:
- Unlimited access to Capital One lounges
- Unlimited Priority Pass™ lounge access
- A $100 Global Entry and TSA PreCheck® credit
Capital One SavorOne Rewards Card
The SavorOne card offers a $200 welcome bonus on $500 spent within the first 3 months. The card also offers unlimited 3% cash back on entertainment, streaming services, and groceries—in addition to unlimited 1% cash back on all other purchases.
The Application Process
Prospective cardholders can apply for a Capital One card online. Applicants must provide their legal first, middle, and last name, their date of birth, and their full social security number. They will also need to provide their address (including city, state, and zip code) and citizenship status.
Capital One also asks applicants for contact information, employment status, and annual income, along with whether or not they seek an immediate credit card cash advance. Next, applicants are asked if they want to add authorized users—cardholders who are entitled to spend on the card but aren’t responsible for payments (usually spouses, children, or other dependents). Finally, customers will need to e-sign a series of disclosures.
Once applicants have submitted this info, approvals or denials typically happen nearly instantly, though borderline applicants may need to wait longer for a decision. If an applicant is rejected for a certain card, they will be automatically considered for another card with less stringent credit requirements.
Help & Support
Capital One customer support can be reached via phone. For general inquiries, customers can dial (877) 383-4802. For support related to credit cards, clients can call (800) 227-4825.
Phone call hours:
All days: 8am to 8pm.
Capital One’s website and app offer built-in security features like fingerprint login, real-time alerts, and a streamlined fraud reporting and dispute process. Additionally, Capital One guarantees its customers $0 fraud liability, meaning cardholders aren’t held responsible for charges or losses due to fraud.
When will my application be approved?
Decisions are usually made within 60 seconds, but can sometimes take 7-10 business days.
Will I be charged a fee if I use my card overseas?
No. Capital One credit cards have no foreign transaction fees.
Can my APR change?
Yes. Your APR can change based on interest rate fluctuations.
With numerous cards for travel, general spending, and category-specific purchases, Capital One has something to offer everyone. Whether you’re looking to travel with a touch of luxury, want better rewards for your large entertainment bills, or are trying to get your credit history back on track, a Capital One credit card can help you reach your financial goals.
This review was compiled using information taken from Capital One’s official website.