Capital One also says that you must not have been more than 60 days late on any bills in the past year, you must never have declared bankruptcy (although this part isn’t strictly necessary since it disappears off your record after about 10 years), and you must have had a loan or credit card for at least 3 years with a credit limit of 5,000 or above.
If all of the above are true, you have a very strong chance of qualifying for the Capital One Venture card.
This card is one of the best if your goal is to earn airline miles. It offers 2 miles per dollar spent, while many cards only offer 1 per dollar.
Each 100 miles equals $1 to spend. You can also earn a 40,000 bonus in the first year if you spend $3,000 in the first three months.
There is no limit to the number of miles that you can earn, and miles never expire. And miles aren’t just for the plane ticket itself; they can also be applied to the hotel room, rental car, or even gift cards. One small drawback is the yearly fee of $59, but if you are a moderate to heavy user you will quickly make up for it in travel rewards.
You can read a review of the Venture Rewards card here, and a review of the no annual fee VentureOne Rewards card here. The VentureOne card is a no annual fee alternative travel rewards card that requires a Good credit score – so we recommend apply if your credit score is about 640 or above.
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