The Capital One Challenge Rewards Credit score Card is a cast choice for journey fanatics to earn Capital One miles for a modest $95 annual commission.
Alternatively, if you wish to be authorized for this card, it would be best to make sure you’re eligible first. That is very true if you have already got different Capital One playing cards to your pockets.
Capital One just lately tightened restrictions for approval throughout its Challenge circle of relatives of playing cards, making it much more vital to study your status prior to you practice. Here is the whole thing you want to understand.
Are you eligible to use for the Capital One Challenge?
There are more than one components to believe if you are hoping to be authorized for the Challenge and obtain its bonus, together with the brand new adjustments to eligibility around the Challenge lineup.
Capital One utility regulations
It’s important to wait six months between your Capital One card packages. So, for those who’ve been authorized for any Capital One card inside the ultimate six months, you’ll be able to want to wait if you wish to be authorized for the Challenge.
What if I gained a Challenge card welcome bonus prior to now?
If you happen to’ve prior to now gained the Challenge’s welcome bonus, it’s important to wait 48 months to be authorized for the cardboard and obtain the bonus once more.
What if I have already got the Challenge X or VentureOne playing cards?
That is the place the newest trade kicks in. Capital One’s fresh Challenge lineup circle of relatives rule applies the 48-month rule while you transfer “down” inside the Challenge suite, in relation to annual charges.
So, for those who’ve earned the bonus at the Capital One Challenge X Rewards Credit score Card ($395 annual commission) within the ultimate 48 months, you are not eligible for the Challenge card or its bonus. Alternatively, for those who’ve earned the bonus at the no-annual-fee Capital One VentureOne Rewards Credit score Card, you’re nonetheless eligible to be authorized for the Challenge and its bonus — since you are going “up the ladder” relating to annual charges.
Here is what the cardboard’s phrases have to mention about this:
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“You don’t seem to be eligible for this product when you have gained a brand new cardmember bonus for the Capital One Challenge card or the Capital One Challenge X card prior to now 48 months.”
What credits rating do I want to qualify for the Challenge?
TPG recommends a minimal rating of 670 for popularity of the Challenge Rewards, even though folks with decrease ratings have additionally been authorized.
Capital One particularly mentions that you will have superb credits to qualify. Nonetheless, we have noticed more than one studies of folks getting authorized regardless of having a credits rating underneath 670. So, it can be price making use of although you are underneath that mark.
When you have exceptionally below-average credit or no credits, it is best to attend and practice for a credit-building card as an alternative.
Comparable: Bank card showdown: Capital One Challenge vs. Capital One Challenge X
Capital One Challenge Rewards main points
In case you are fascinated by making use of for the Challenge, listed here are the fundamentals to understand in regards to the card.
Present welcome bonus
New candidates can earn 75,000 bonus miles after spending $4,000 on purchases inside the first 3 months from account opening.
TPG’s November 2025 valuations deem the overall price of this bonus at $1,388. That is the same old welcome be offering we in most cases see in this card.
There are two number one techniques to redeem those miles. One choice is to redeem them at a flat price towards any travel-related bills to your observation. This comprises long term bookings during the Capital One Commute portal, parking charges, condominium automobiles and ride-hailing services and products, amongst more than one different forms of journey. This redemption way provides a flat price of one cent in step with mile.
A extra wonderful selection may contain moving your miles to Capital One’s 15-plus switch companions. Maximum companions be offering an easy switch ratio of one:1. By way of moving your miles to a extremely profitable spouse, corresponding to Air Canada Aeroplan or Air France-KLM Flying Blue, you’ll be able to simply get vital price from your miles.
Annual commission
The Challenge has an annual commission of $95, which feels cheap given this card’s perks.
Incomes
The Challenge Rewards gifts an incomes price that is easy but rewarding. You’ll be able to earn:
This card is a brilliant choice for individuals who do not wish to observe more than one bonus classes and as an alternative favor incomes a flat praise price on maximum purchases.
Different advantages
Past the welcome bonus, listed here are the continued advantages of the Challenge Rewards:
Comparable: 7 forms of purchases you will have to make along with your Capital One Challenge Rewards card
Final analysis
The Challenge is an improbable card for widespread vacationers at a modest annual commission. Sadly, Capital One has rolled out extra utility restrictions referring to those that have already got Challenge playing cards and wish to practice for the Challenge and obtain the bonus.
Alternatively, if you have not gained an advantage at the Challenge or Challenge X in 48 months, wait six months between Capital One card packages and feature a TPG-recommended credits rating of a minimum of 670, this cast rewards card will probably be yours.
To be told extra, learn our complete overview of the Challenge.
Be informed extra: Capital One Challenge Rewards Credit score Card
For Capital One merchandise indexed in this web page, one of the vital advantages is also equipped through Visa® or Mastercard® and might range through product. See the respective Information to Advantages for main points, as phrases and exclusions practice.
