Capital One SavorOne Approval Time (2024)

FAQs

Capital One SavorOne Approval Time? ›

The approval time for the Capital One SavorOne card can be up to a few minutes. That's because online and phone applications usually result in an instant response. But if you are not approved instantly, it can take 7 to 10 business days to get a decision for your Capital One SavorOne application.

If you apply by phone or online, you'll typically get a response within 60 seconds. If you submit a paper application, it will take longer. But no matter how you apply, Capital One generally notifies applicants of the decision in writing within seven to 10 days of receiving the application.

Credit score requirement: According to Capital One, you'll need excellent credit to qualify for the Capital One SavorOne Cash Rewards Credit Card. Typically, excellent credit means a credit score of at least 720.

Capital One may approve you instantly for a credit card or take 7 to 10 business days to decide. If your credit score is good, you're more likely to get an instant approval.

You will need good to excellent credit to qualify for Capital One SavorOne Cash Rewards Credit Card -- a FICO® Score of at least 670 will give you a chance, but a score in the 700s will make it a lot easier for you to qualify.

Your monthly income needs to be at least $425 more than your monthly rent or mortgage payment to get the Capital One SavorOne Cash Rewards Credit Card, according to Capital One. The higher your income is above the minimum, the more likely you are to be approved.

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.

Here's the average credit limit of members who matched their Capital One SavorOne Cash Rewards Credit Card or similar cards. The average credit limit for members who have matched with this card or similar cards is $8,380, with $1,000 being the most common.

Capital One Quicksilver: Rewards. Capital One SavorOne is the winner in this matchup because it offers a higher earning rate on certain types of purchases, leading to more value over two years for the average cardholder, according to our calculations.

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.

Does Capital One deny you right away? ›

For example, Capital One says it often can take 60 seconds to approve or deny online or phone credit card applications. And your card issuer could need more information after you've applied. That would delay any approval or denial. One other thing to remember: Instant approval doesn't mean guaranteed approval.

In general, Capital One credit card preapproval is likely to be fairly accurate. Because you provide your Social Security number and other identifying information, it's possible for Capital One to get an idea of your credit history and provide you with a reasonably accurate list of cards you qualify for.

If you look for credit cards in your credit score range and apply online, you may get approved within minutes. Many Capital One credit cards give eligible cardholders the option to access and use their virtual card once approved, so you could start using your credit line the same day you apply.

Is the Capital One SavorOne Cash Rewards Credit Card hard to get? The SavorOne credit card is hard to get unless you have an exceptional credit score of 670 or higher. Other factors such as employment status, income and other debts might also impact eligibility so having an excellent score does not guarantee approval.

We recommend a credit score of 700+ for good Savor card approval odds. If you want to see whether your credit is good enough for Capital One Savor approval, you can check your latest credit score for free on WalletHub.

The main Capital One SavorOne requirements are that an applicant must be at least 18 years old with a valid Social Security number or Individual Taxpayer Identification number. Applicants must also have a physical U.S. address, enough income to make monthly minimum payments, and at least good credit.

And if you're a new Capital One credit cardholder and have yet to receive your physical credit card in the mail, you may be able to access your virtual card through the Capital One Mobile app to start making purchases and earning cash back rewards or miles immediately.

Archie Conway, WalletHub Financial Advisor

Yes, Capital One SavorOne does a hard pull on your credit report when evaluating your credit card application. Keep in mind that you will need a credit score of 700+ to get it. This means that at least good credit is required for high chances of approval.

Capital One Savor cardholders report credit limits between $5,000 and $30,000, but you won't know your actual credit limit until you're approved. When determining credit limits, factors such as your debt-to-income ratio, repayment history, and the length of your credit history will play a significant role.

Capital One offers SMS and online alerts to help keep you updated on your available credit to avoid future surprises. Set up automatic alerts. If the credit limit is the reason for the decline, you can make a payment on your card. Your available credit typically updates within 1-2 days.