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Got the Capital One Venture X Two Weeks After Being Denied!If there are insufficient funds available in your linked card's account, the transaction will be declined. Make sure that your card has enough funds to cover. Same issue here. US based credit card through Capital One. First transaction was declined, I called Capital One and they unblocked it and. The quick answer is: The same reason you can't pay U.S. Taxes with Bitcoin. ? Folks frequently describe Bitcoin as a Cryptocurrency.