Does Capital One accept bad credit?
People with bad credit may find it easier to get approved for a secured card. A secured card like the Capital One Platinum Secured credit card can be a great option for people who are establishing or rebuilding their credit.
There is no published minimum, but anecdotal reports are that you may be able to be approved for a secured card with a credit score as low as 300. You will generally need a very good to excellent score, normally 740 or above, to be approved for Capital One's best credit cards.
Your approval odds for the Capital One Venture X Card are best if your credit score is 740 or higher. Keep in mind, that other factors go into your application as well, including your income and relationship with Capital One.
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.
Capital One reportedly limits cardholders to one new Capital One credit card every six months. You can also have only five prime Capital One personal credit cards or two “starter” cards open at any given time. Co-branded Capital One cards and Capital One business credit cards don't fall under this restriction.
| Card Name | Annual fee | FICO score required |
|---|---|---|
| Capital One Platinum Secured Credit Card | $0 | No credit history |
| Capital One Platinum Credit Card | $0 | No credit history |
| Capital One Quicksilver Student Cash Rewards Credit Card | $0 | No credit history |
| Discover it® Student Chrome | $0 | No credit history |
You may be denied a secured credit card for various reasons, including a lack of credit history, low credit score or no verifiable income. If you've been denied a secured credit card, working toward increasing your credit score can help improve your chances of approval if and when you decide to reapply.
| Card Type | Card Name |
|---|---|
| Secured Credit Card | Discover it® Secured Credit Card |
| Secured Credit Card | Capital One® Secured Mastercard® |
| Secured Credit Card | OpenSky® Secured Visa® Credit Card |
| Unsecured Credit Card | Credit One Bank® Platinum Visa® for Rebuilding Credit |
You may be able to get an instant-approval, instant-use credit card with no security deposit, depending on factors like your credit history and which card you apply for.
Our pick for: No credit check at all
The OpenSky® Secured Visa® Credit Card is a rarity even among secured credit cards, in that it allows you to qualify without a bank account or any kind of credit check. It normally requires a minimum $200 security deposit, which sets the amount of your credit limit.
Can I get a Walmart credit card with a 520 credit score?
You need a credit score of 640 or higher (fair credit or better) to get a Walmart credit card. Your income, existing debt load, recent credit inquiries, employment status, and housing status will also impact your chances.
There is no general starting credit limit for Capital One credit cards. Your credit limit will be based on your creditworthiness once your application has been approved.
With this minimalist guide on how to make a budget, just split your monthly income into 3 simple buckets, or budget percentages: 50% for Needs. 20% for Savings. 30% for Wants.
The 2/3/4 rule restricts the number of new Bank of America credit cards you can open in a given time. The rule limits you to: Two new cards per two-month period. Three new cards per rolling 12-month period.
This inquiry can lower your credit score, though the effect only lasts for a short while. However, applying for multiple cards in a short period of time will trigger multiple inquiries and can be a red flag to card issuers. In fact, Chase has a rule known as the 5/24 rule.
We recommend 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.
The CFPB alleges that Capital One schemed to keep 360 Savings accountholders in their lower-yielding accounts by obscuring 360 Performance Savings' existence as a distinct product with a higher rate from 360 Savings accountholders.
Some of the easiest unsecured cards to get approved for are the Indigo® Mastercard®, Mission Lane Visa® Credit Card, Prosper® Card and Milestone® Mastercard®.
| Card name | Annual fee | Bankrate review score |
|---|---|---|
| Capital One Platinum Secured Credit Card | $0 | 4.1 / 5 |
| Petal(R) 1 "No Annual Fee" Visa(R) Credit Card | $0 | 4.4 / 5 |
| Discover it(R) Secured Credit Card | $0 | 4.5 / 5 |
| Petal(R) 2 "Cash Back, No Fees" Visa(R) Credit Card | $0 | 5 / 5 |
We recommend the Capital One Platinum Credit Card and Capital One QuicksilverOne Cash Rewards Credit Card as some of the easiest Capital One cards to get approved for.
What credit card has a 2000 limit for bad credit?
The OpenSky® Plus Secured Visa® Credit Card is one of the best credit cards for a $2,000 credit limit if you have bad credit. You can get approved for this card without a credit check and get a credit limit of $2,000 by placing a $2,000 security deposit. The OpenSky Plus Credit Card also has a $0 annual fee.
You're guaranteed approval if you meet these four conditions
You don't have a frozen credit profile and your eligibility for credit is not prohibited for legal or regulatory reasons. You don't have an existing Capital One account or a pending application for one.
It's possible to be approved or denied for a new credit card almost instantly. But sometimes Capital One may need more time.
Capital One six-month rule
It's long been reported that Capital One won't approve more than one credit card application every six months. So if you've applied for another Capital One card (business or personal) since September, you may not be approved for another one right now.
OpenSky® Plus Secured Visa® Credit Card
No credit check to apply. Find out instantly if you are approved- Zero credit risk to apply!
