Those who value travel rewards will be surprised to know that there is a low-cost travel rewards credit card that fits your budget. The Capital One VentureOne Rewards Credit Card hits the mark on all of your requirements for a budget-friendly credit card that gives you everything that you need.
You get to earn miles for every dollar that you spend and get a very generous welcome bonus, especially for a no-annual-fee credit card. Want to learn more about the Capital One VentureOne Rewards Credit Card and how to apply? Check out this guide.
Spanish version: Cómo solicitar la tarjeta de crédito Capital One VentureOne Rewards
Benefits and Features of the Capital One VentureOne Rewards Credit Card
The Capital One VentureOne Rewards Credit Card is a great travel rewards credit card that you can take full advantage of when you’re a frequent traveler. You get rewards when you use the card on hotels and rental cars especially when you book through Capital One Travel.
Cardholders are treated to 5 miles per dollar spent when using the card and 1.25 miles per dollar on other purchases. You’ll also get a welcome offer of 40,000 miles after spending more than $1,000 on purchases within 3 months of opening your account.
There are also extra benefits like travel insurance, car rental damage coverage, travel accident insurance, zero foreign transaction fees, and more incentives for both domestic and international travelers.
Cardholders can expect to have zero intro APR for the first 18 months which will then revert to a 19.74% to 29.74% variable rate after.
Why You Might Want the Capital One VentureOne Rewards Credit Card
The Capital One VentureOne Rewards Credit Card is exactly what you need if you’re a frequent traveler that constantly uses credit cards as a mode of payment. You get to earn rewards while paying next to nothing for your card, especially with the first few months.
You’ll have zero interest but you also need to pay your bill every month in full to take full advantage of the introductory offer.
The $0 annual fee and no foreign transaction fees will be a delight to travelers who use the card, as they won’t have to worry about extra charges.
Check Your Eligibility
If you’re interested in applying for the card, you will need to use their eligibility tool to make the process much faster.
This will determine if you’re eligible for the card that you have chosen to apply. The tool will gather your credit score and some information to help assess if you’re fit for the credit card.
You also need to be 18 years old, a resident of the United States, and must be employed or have an income to apply for the card.
Documents to Prepare When Applying
There are also documents that you need to prepare before you can apply for the Capital One VentureOne Rewards Credit Card. These documents need to be in digital form if you wish to apply online. Otherwise, you need copies of them if you decide to apply through a bank representative at your local Capital One branch.
These documents include proof of income such as your tax returns, bank statements, pay slips, and proof of residency. You can present your passport as well as your utility bill or mortgage agreement.
You are also required to provide sources of your income if you are self-employed before you can apply for the card. There may be instances where the bank will require additional documents.
Where to Apply for the Capital One VentureOne Rewards Credit Card
You can apply for the card on the official Capital One website. Applying this way is faster and more convenient.
All you need to do is choose the credit card you want to apply for, click “Apply”, and you will be redirected to a new window where the application form is.
Apart from the website, you can also schedule a visit to your local Capital One bank and get an appointment to apply for a credit card.
Another way to apply is to call their customer service hotline at 1-877-383-4802 and talk to a representative to help you sign up for the card.
Completing the Application
The application form is divided into different sections. There is the personal information section where you need to fill out personal information such as your name, address, and birth date.
You’ll also have the employment and income section where you need to declare your monthly income, expenses, and employment history. This is also the part where you need to upload the necessary documents such as pay slips, tax returns, and other documents that will prove that you are currently employed or have means of income.
Make sure that you thoroughly review all the details that you have entered and read the terms and conditions carefully before you submit. Double-check everything as errors will cost you a lot of time if your application gets put on hold.
Submitting Your Application
Once you have reviewed the application form, click on “Submit” to send your application to Capital One for processing. The application form is sent on a secured server so your personal information is safe.
All you need to do now is to wait for their call or email that will notify you if you are approved or denied. This might take a few business days for some while others get their approval within hours. It all depends on the applicant.
If you want to receive updates regarding your application, you can call their customer service hotline.
What Happens After Submission?
There are different possible outcomes for your application. The best outcome is that you get approved for the card. If approved, your card will be delivered to you after a few business days and you can activate it so you can start using the card.
There are also times when the bank will put your application on hold or pending. This only happens when they need more time to evaluate your application or if they need further documentation from you. If this happens, they will call you to request that you submit these documents.
You application could also be denied. If an explanation isn’t provided, you can contact customer service to enquire.
The Capital One VentureOne Rewards Credit Card offers some of the best rewards, benefits, and features when using the card while traveling. Those who are looking for a low-cost travel credit card should check out this card today.
Note: All credit products carry risks. Be sure to read the card’s terms and conditions before applying.