To enhance your approval odds, Capital One recommends a credit score above 700 for new applicants. That is considered a very good credit score. However, it’s important to note that the bank reviews more than your current rating to approve your request. Other criteria include your annual income, recent credit inquiries, number of open accounts and more.

All new card members will have an initial spending limit of at least $1,000. However, that is not a preset amount. Your specific credit limit will be determined based on a series of factors such as your overall creditworthiness, annual income and ability to pay your balance.

With the SavorOne Rewards Credit Card, you’ll have access to a host of different perks such as extended warranty, $0 fraud liability, identity theft protection, travel accident assistance, rental car insurance, price protection, concierge services, virtual cards, mobile banking, cell phone protection and much more!