Capital One Venture X Approval Odds Seem Better Than Expected

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Venture X Approval Odds

Venture X Approval Odds

Are you tired of hearing about the Capital One Venture X Rewards credit card yet?  I shared my thoughts on the card yesterday, overall I think it is a solid card that could be great for some. I also shared this morning that you are able to product change to it if you want, you can even do it online. But I have one more topic worth discussing and that is your Capital One Venture X approval odds.

The joke has always been that a Capital One application will give you 3 hard pulls (they pull from all three credit bureaus) and a denial letter.  They are probably the toughest approval out there from any issuer.  While others will have annoying rules, like Chase 5/24, Capital One doesn’t really have a pattern. They simply have an extensive preponderance of denials.

Venture X Approval Odds

There are all kinds of theories of what causes this. One such theory is Capital One wants people with balances on their cards, or a mid rate credit score etc. They don’t want people that pay their bills on time since that isn’t profitable to them. But there really is no rhyme or reason to who gets approved or not.

That really hasn’t changed with the Capital One Venture X Rewards credit card, we still have no idea what they are looking for.  But anecdotally I can say that approval rates on this card are much higher than I have seen in the past from Capital One.  We are even seeing people that were denied for a Venture application a few months back get approved for the Venture X, which doesn’t really make sense.

I have seen people that have a ton of applications in the last 24 months be approved. I have also seen someone with a great credit score and no hard pulls in 24 months get denied. As I said, don’t even try to make sense of it.

Having said all of that it appears that people are getting approved at a two or three times higher rate than we have seen previously.  People that have been denied for years have been approved.  So I guess it is worth a try if you were on the fence. It may be the best shot you have with Capital One.

My wife and I were denied for the Capital One Venture X Rewards credit card, as was Shawn.  Joe from the podcast and our friend PDX Deals Guy were approved. A few months back it is likely that we would have all been denied.  In our Facebook Group we are seeing more approval reports than denial reports as well, which is surprising.

If you were considering the card this should give you luck. I still can’t make sense of what Capital One is looking for but you have a better chance now more than ever.  Good luck if you try to go for it!

Mark Ostermann
Mark Ostermann is a father, husband and miles/points fanatic. He left the corporate world after starting a family in order to be a stay at home dad. Mark is constantly looking at ways to save money and stay within budget while also taking awesome vacations with his family. When he isn't caring for his family or taking a weekend trip, Mark is working towards his goal of visiting every Major League Baseball ballpark.

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14 COMMENTS

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14 COMMENTS

  1. Wife approved 20k instant. Me declined with a similar profile and scores. Scores 725-805. Lots of recent apps and approvals. Low utilization. Go figure

  2. I received “Success! Your application is submitted” Will try to reach me via email or look for a letter in the mail…… Probably a Denial? Any one else get this and what it means? Score 740 to 800+, very high income, less than 5/24

    • I got denied with 798 very high income, very low balance, high usage i pay off most before statement generates. Very surprise i was denied. after my denial i applied for chase sapphire reserve got instant approval for $24700. Looks like they wont to give cards to who carry balance so they can make on interest

  3. I think that Capital One needs people to enter their new lounges so they will be more likely to approve customers for this card. And since this card is new they can afford to approve customers that they might deem “unprofitable” because they have a huge budget with the launch of this premium card. I won’t apply because I am working on the $5,000 Marriott Bonvoy, and after that there’s a few other cards that I would prefer.

  4. I’m tempted to apply. But I can’t get over my hatred for Capital One. They will never be anything but a subprime loan shark (in my eyes). Bottom of the barrel. I don’t think that I could stomach to carry their card, even if they would approve me (I’m not their subprime target audience).

  5. I was decline too. Lowest FICO of the three major bureau is 805. Good income. 12/24 so I wouldn’t try for any Chase credit cards. Been declined also for Citibank Custom Cash and Bank Of America Alaska Airlines Mileageplan in the six months (I did have this card before and canceled it), but approved for Amex Bonvoy. Banks have been barely approving people who know how to earn and use points and miles; especially those have or had credit cards with them before.

  6. Wife – Approved with 30K limit. 800+ credit. Good income. Less than 5/24. 1 personal venture/1 business Spark.

    Me – Pending. CapOne needed more info – ID (passport or license), and verify SS# (SS card or W2 or IRS letter with ITIN). 800+ credit. Double wife income. Less than 5/24. Has 1 business Spark.

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