Capital One adds new in-app bonus eligibility checker

Mar 19, 2020

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The moment after you hit ‘submit’ on a new credit card application can be full of anticipation and fear, especially if you have a lower credit score and are worried you might be rejected. In the last few years we’ve seen issuers leaning on big data to try and reduce the guesswork and avoid disappointing customers by denying their applications.

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American Express led this charge a while back by adding a pop-up welcome bonus eligibility checker that will inform customers whether or not they’re eligible to receive the bonus on a new card before they submit the application, and now, per Doctor of Credit, Capital One has added a similar feature.

(Photo by Eric Helgas for The Points Guy)
(Photo by Eric Helgas for The Points Guy)

Now, when you apply for Capital One credit cards (both personal cards such as the Capital One® Venture® Rewards Credit Card and business cards including the Capital One® Spark® Miles for Business) you may receive a pop-up message after submitting your application telling you that you didn’t qualify for the original offer you applied for and offering you an alternate option, which may include a different APR, a different credit limit, a different welcome offer or no bonus. The information for the Capital One Spark Miles card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

It’s important to note that unlike Amex, this message is appearing after users submit their application, which means your credit has already been pulled. If you don’t accept the offer then your application would be rejected, which thankfully doesn’t hurt your credit score at all beyond the initial inquiry.

You will want to be careful though before accepting a modified offer that doesn’t include a welcome bonus, as doing so might prevent you from earning one in the future. The terms and condition of the Capital One Venture Rewards card application say the following (emphasis mine):

“You will earn 50,000 bonus miles if you spend at least $3,000 within 3 months of your rewards membership enrollment date. Once you qualify for this bonus, we will apply it to your rewards balance within two billing cycles. Existing or previous Accountholders may not be eligible for this one-time bonus.

While this isn’t a hard-and-fast rule like some other issuers use, it means that you may not be able to get the bonus on the Venture card if you’ve had it in the past, even if you didn’t earn a bonus at that time.

Bottom line

Getting rejected from a credit card can be a major disappointment, especially if you were planning on using those points for an upcoming trip. Capital One’s new pop-up offer may help take some of the sting out of that by allowing you to get the same credit card under different terms, just be careful you don’t inadvertently make a decision that prevents you from earning a bonus in the future.

Featured photo by The Points Guy

Chase Sapphire Preferred® Card

WELCOME OFFER: 60,000 Points

TPG'S BONUS VALUATION*: $1,200

CARD HIGHLIGHTS: 2X points on all travel and dining, points transferrable to over a dozen travel partners

*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.

Apply Now
More Things to Know
  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Earn 5X points on Lyft rides through March 2022. That’s 3X points in addition to the 2X points you already earn on travel.
Intro APR on Purchases
N/A
Regular APR
15.99%-22.99% Variable
Annual Fee
$95
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater.
Recommended Credit
Excellent/Good

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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