- 5/24 Count: Prior to this application, Ben only had opened two personal credit cards in the past 24 months, putting him at 2/24. This meant, he still could get another personal credit card without jeopardizing his ability to open future credit cards with Chase as well as still have a 5/24 spot for any future elevated offers that seem worth getting. Now with the Venture approval, he's at 3/24.
Remember, the Chase 5/24 rule is that if you've opened any 5 credit cards from ANY financial institution/store (not JUST Chase), in the past 24 months, Chase will not approve you for a new credit card (personal or business). The 24-month period is rolling, so as time progresses, cards you've opened will drop out of your 5/24 count.
- Standard Offer: The standard typical Capital One Venture card offer is 75,000 points for spending $4,000 in the first 3 months of having the card.
- For historical knowledge, in May 2025 there were elevated offers:
- 75,000 points + a $250 travel credit (to be used in Capital One Travel portal) for $4,00 spend in 3 months. This combination of points and travel credit is worth at least $1,000 of travel.
- 100,000 points for $5,000 spend in 3 months (also worth at least $1,000 of travel)
- Points Diversity: We started into Capital One points' ecosystem last year and plan to book a trip later this week, which will utilize our existing C1 points. Signing up for this Venture card at the elevated offer is a great way to replenish our C1 points and maintain point diversity across the major banks.
- Recent Inquiries: Capital One is known to be inquiry sensitive, meaning if you've had more than one credit pull in recent months, you may automatically get denied from a C1 credit card application, just based on credit inquiries alone! Since Ben hadn't applied for a credit card in close to six months, I assumed it would be a good time to apply to Capital One (and it was!)
Note: some people say that if you've had a few inquiries in the past six months, a work around is to freeze your credit for roughly a week (or more) before applying for a Capital One card. Unfreeze immediately before applying.
- Spend! We never open a credit card without first having a plan on how to hit the minimum spend. In our case, we have an upcoming Airbnb charge we need to make, as well as the fact that we've already starting paying for kids' summer camp; and then we have our normal routine spend like utilities, groceries, dining out, insurance, etc on top of that. I know we can fit this minimum spend before the three month time period is up.
Nov 2025 Update: Capital One recently announced a change to qualification for sign up bonuses of the Venture-Series cards (Venture One, Venture, and Venture X). In order to qualify for a sign up bonus, you must open the cards "in order" of lowest tier to highest tier to be eligible for sign up bonuses.
Often the Venture One card is skipped (due to lower sign up bonus/benefits not worth taking on up spot of you 5/24). In essence, it's recommended to open a Venture card BEFORE opening a Venture X card. If you open a VentureX card first, you will not be eligible for a Venture card sign up bonus until 48 months have passed since earning the Venture X sign up bonus.
Capital One Venture Card
On top of those personal considerations, the Venture Card offers the following appealing major benefits:
Annual Fee: $95
5/24: This is a personal card, therefore it takes a spot for the Chase 5/24 rule (Chase will only allow you to have 4 personal credit cards from ANY bank/store/airline/hotel/etc in the previous 24 months.. If you exceed this limit, Chase likely will automatically not approve you for more cards.)
Approval Note: Capital One is known to be rather picky for approvals. If you have one or more inquiries on your credit, you may or may not be able to get approved. You can use Capital One's preapproval tool to check your odds. Also, if you freeze your credit (I freeze with all of the bureaus. This is free to do) and unthaw 24 hours before you apply.
Benefits:
- 2x points on all purchases
- 5x points on travel purchases booked through Capital One Travel (including rental cars)
- No foreign transaction fees
- Up to $120 credit towards TSA PreCheck or Global Entry when you use this card to apply (note, credit is available once every 4 years)
- Ability to combine points with other members of your household
- Ability to transfer points to Capital One Travel partners for direct bookings and to gain larger value from points (compared to Capital One Travel portal, where 1 point equals 1 cent). More below
- Ability to redeem miles for travel-related purchases (as long as the purchase is coded as "Travel"). This can be a great option to use points to cover the cost of items such as rental cars, airbnbs, and even Disneyland tickets (when purchased through a travel agent like Undercover Tourist)
Summary
That's all on Capital One for now! If you're interested in applying for a Venture Card, here is a referral link! Thank you as always for your support! If you already have a Venture Card and want to earn more Capital One Points, I suggest opening the VentureX next. If you already have venture miles, here are Capital One's Transfer Partners.
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Looking for more information on points/miles? You can find all of my points talk posts linked here
Curious what cards I (and/or my husband) have, and why? Read here!
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