When it comes to credit card applications, understanding the rules and restrictions is crucial. Two popular cards many travelers covet are the Capital One Venture Rewards Credit Card and the Capital One Venture X Rewards Credit Card. However, recent application terms have introduced new application rules potential cardholders should be aware of. In this blog post, let’s talk about what we’ve just discovered regarding the Capital One Venture and Venture X application rules, providing you with valuable insights to help you navigate the process smoothly.
Note: This has not been verified by anyone. One of our own Travel Freely members (thanks Steven!) noticed the change on the application terms. These are clear in the application terms when you go to apply.
Further Reading: Read Why Ventures Cards Are Great for Points and Miles Beginners.
Capital One Venture Application Restrictions
One important rule to keep in mind is that Capital One limits individuals to one new card approval every six months. This means if you have recently been approved for a different Capital One card, you may need to wait before applying for the Capital One Venture Rewards Credit Card.
Today’s discovery is Capital One has implemented a 48-month rule for both the Capital One Venture X Rewards Credit Card and the Capital One Venture Rewards Credit Card. If an individual has received a new member bonus for either card within the last 48 months or currently holds the card, they will not be eligible for another bonus.
Important Distinction from Chase Sapphire Cards
It’s important to note these cards are not considered as a family, meaning having one card does not restrict you from applying for the other. This is different than the rules around the Chase Sapphire Preferred and Chase Sapphire Reserve that also have 48-month language. The Sapphire cards ARE considered a family. So if you have one, you cannot get the other. In the case of these rules from Capital One, you can get both the Capital One Venture and the Capital One Venture X.
Implications for Other Capital One Personal Cards
Interestingly, the 48-month rule seems to extend beyond the Venture cards. Other Capital One personal cards with signup offers are now showing similar restrictions, indicating a shift in their application policies. H/T to Jess at TMS.
Summarizing The New Venture Card Application Rules
Understanding the application rules and restrictions is vital when considering the Capital One Venture Rewards Credit Card. By being aware of the six-month waiting period between new card approvals and the 48-month rule for bonus eligibility, you can plan your credit card applications strategically. Always remember to maintain a healthy credit score and stay informed about any policy updates from Capital One. With these insights, you’ll be better equipped to make informed decisions and maximize your chances of being approved for this valuable travel rewards card.
Further Reading: Read Why Ventures Cards Are Great for Points and Miles Beginners.
Trying to figure out all the card application rules? Don’t want to? You don’t have to if you have the Travel Freely app. We track these for you and give you customized recommendations. Sign up here.
