Capital One VentureOne vs Platinum: Which one is better? (2024)

FAQs

What is better, Capital One Platinum or Venture Card? ›

The Capital One Venture X Rewards Credit Card and The Platinum Card® from American Express are two of the top premium travel cards on the market. The Venture X has an edge thanks to its higher rewards potential, but the Amex Platinum's welcome offer outshines the former.

If you can get approved for both, the Capital One Quicksilver card is better than the Platinum card. The Quicksilver card will give you a welcome bonus, 0% APR for the first 15 months and 1.5% cash back. The Platinum card offers no rewards or bonuses, but it also comes with no annual fee.

Capital One Platinum is not hard to get because it is meant for beginners with no credit history. You'll have a good chance of being approved if you have a steady income, an SSN or taxpayer ID, and either no credit score or a score of 640+, among others.

The Capital One Platinum credit limit can be as high as $3,000 according to online cardholder reports, but it will depend entirely on the specifics of each applicant's credit and their overall financial situation. Most cardholders get credit limits of at least $300, though.

You can upgrade from Capital One Platinum (see Rates & Fees) card to the Capital One Venture Rewards Credit Card (see Rates & Fees) either online or by calling the number you see on the back of your card. Alternatively, you may also receive an offer from Capital One, but it is not guaranteed.

Capital One Venture Rewards Credit Card

Highest reported credit limit: $58,000, according to a member on the myFICO forums. Sign-up bonus: Earn 75,000 bonus miles when you spend $4,000 on purchases in the first three months from account opening. Rewards: Earn 2 miles per dollar on every purchase.

Unlike other cards for those with fair credit, you won't need to put down a security deposit to establish your line of credit. Benefits like account alerts and credit monitoring can help you stay on track with on-time payments, which could lead to a higher credit limit after six months of responsible use.

The Capital One Platinum Secured Credit Card may be a good option for those rebuilding credit. And as you explore your credit card options, consider getting pre-approved. Doing so won't damage your credit score, and you'll be able to get a clearer sense of which cards you may qualify for.

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

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.

What is the credit limit for Capital One QuicksilverOne? ›

The Capital One QuicksilverOne credit limit is $300 - $5,000, according to cardholder reports online. But it will depend entirely on the specifics of your credit and your overall financial situation. So, the better your credit is, the higher you can expect your spending limit to be.

We will notify you in writing of our decision within 7 to 10 days of your application. When will I receive my new credit card? If you're approved, you should receive your Capital One card, credit limit information, and welcome materials by mail within approximately 7 to 10 business days.

Call Capital One and ask for an upgrade to the Quicksilver. However, note that upgrading doesn't allow you to cash in on a card's sign-up bonus or get a higher credit limit. Submit an application for the Quicksilver.

In a word, yes. It's possible to have more than one Capital One credit card. You can choose how many cards to apply for. But like other issuers, Capital One has policies that determine whether to approve or deny those applications.

Yes, credit limit increases can happen automatically if your information is kept up to date, like employment status and total annual income. Cardholders in good standing (e.g. good credit score, consistent on-time payments) may also receive an automatic credit limit increase once or twice a year.

The Capital One Venture Card is a very good travel rewards credit card for people with 700+ credit scores who don't want to be tied down to a single travel provider. With an initial bonus worth $750 in travel, double miles on all purchases and a reasonable annual fee, it's clear why the Venture Card is so popular.

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.

So what credit score is needed for the Capital One Venture Card? You should only apply when your credit score is at least 700, but preferably 750 or higher. Once you qualify for the Capital One Venture Card, you'll begin earning at least 2x miles on every purchase.

The Capital One Platinum Credit Card is a good fit if you're looking to build or establish credit and not pay an annual fee. But there are credit cards with an annual fee that you might want to consider.