Capital One Credit Card Reviews, Rules & Opinions (2024)

FAQs

What are the cons of Capital One? ›

Finally, from a product standpoint, Capital One also has less to offer than many other big-name banks. The bank offers no mortgages, home equity loans or personal loans. There are also no investment or retirement account options.

You need a credit score of 700 or higher (good to excellent credit) to get the best Capital One credit card offers. Other options are also available for people with lower scores, as it is possible to get approved for Capital One credit card with limited credit history or a bad credit score.

Capital One credit cards for fair credit include QuicksilverOne, Quicksilver Secured, and the Platinum Mastercard. Your credit score is only one of the many factors that determine your credit approval odds. The best way to know if you'll qualify is to get pre-approved. It's quick, easy and won't hurt your score.

On July 19, 2019, we determined that an outside individual gained unauthorized access and obtained certain types of personal information about Capital One credit card customers and individuals who had applied for our credit card products. This occurred on March 22 and 23, 2019.

Your money is safe at Capital One

Capital One, N.A., is a member of the Federal Deposit Insurance Corporation (FDIC), an independent federal agency.

Some Capital One credit cards are hard to get because they require at least good credit, which means you need a credit score of 700+ for good approval odds. Other Capital One credit cards are easier for people with lower credit scores to get approved for, so it's important to choose wisely.

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.

The Capital One Quicksilver credit limit depends on your income, creditworthiness and payment history, which are evaluated once you apply for the card. According to anecdotal reports, the card's credit limit can be as low as $750 and as high as $10,000.

So, if you prefer higher savings rates and lower fees on your banking accounts, then Capital One might be your choice. However, if you want to keep all your money in one place, and like the option of in-person banking you might want to consider Chase.

Is Capital One in risk? ›

The 2024 stress-test found that the value of Capital One's credit card portfolio could fall by 23.2 percent in a severe adverse scenario (4.5 percent higher than its 2023 stress-test estimate of a 22.2 percent decline).

It also has Federal Deposit Insurance Corp. (FDIC) insurance, so deposits are safe up to the legal limit. High APYs: Capital One offers above-average APYs on its checking accounts, savings accounts and CDs. Lots of ATMs: Account holders have access to 70,000 fee-free ATMs across the country.

The Quicksilver card is geared toward people with excellent credit. The Capital One Platinum Credit Card does not have rewards or bonuses, but it comes with higher odds of approval for people with fair credit. The Quicksilver card has lower interest rates than the Platinum card.

It is not very hard to get a Capital One credit card because Capital One offers cards for people with bad credit, no credit, or better. As long as you meet a Capital One card's credit score requirement and you have a steady income, you should have a good chance of being approved.

Disadvantages of Capital Investment

An intensive capital investment can affect the earning growth of the company in the short term and this is unpleasant for the public stockholders of the company. To gain the capital investment issuing additional shares, might reduce the value of the shares.

(FDIC) insurance, so deposits are safe up to the legal limit. High APYs: Capital One offers above-average APYs on its checking accounts, savings accounts and CDs.

Capital One credit cards are popular for good reason: Its offerings run the gamut from cash back to travel rewards to cards aimed at small businesses. A common thread among all Capital One cards is that there are no foreign transaction fees, making a Capital One card a solid traveling companion abroad.