Capital One promotes the Venture Card heavily on television with help from its company Visigoths and from celebrity spokesman Alec Baldwin. The real star power lies in Capital One's signup bonus offers, which have ranged from "status matching" traditional frequent flier programs, all the way to a deal that includes one-time bonus of 20,000 miles when you spend $2,000 on purchases within the first 3 months, equal to $200 in travel. All that fanfare aside, the Capital One® Venture® Rewards Credit Card remains one of the most compelling rewards credit cards on the market, with statement credits that add up to 2 miles per dollar on every purchase.
How Capital One's Venture miles work
Instead of trading a fixed number of frequent flier miles for a restricted airline ticket, you'll use your miles like cash. Just reserve airline seats, hotel rooms and car rentals using your favorite travel agent, concierge service, or discount website. After your purchase has cleared, you can visit Capital One's website to request a statement credit to put towards the cost of your travel-related purchases.
Since you're earning 2 miles for every dollar you spend on the card, you're essentially claiming a 2 percent rebate. That's better than most cash back credit cards on the market. Because you control your own travel bookings, you're not subject to the whims of airline restrictions and blackout dates. Capital One's website and mobile banking application let you track your rewards in real time, without the need to convert earnings into category codes.
How Venture Card compares to other travel rewards cards
Venture's popularity has spawned a new class of travel rewards credit cards that earn miles redeemable for any travel purchase. Blue Sky from American Express uses a similar rewards structure. Blue Sky Preferred from American Express offers double points for hotel rooms purchased directly from the hotel, U.S. restaurants, and car rentals purchased directly from select car rental companies, but nowhere else.
On the other hand, some hotel and airline credit cards offer rewards valued anywhere from 5 to 10 percent of purchases, but require you to get much more strategic about your spending. For instance, the Marriott Rewards Premier Visa Signature Card from Chase, offers fast tracks to redeem rewards toward travel. You'll just have to confine your purchases to those brands if you want to use your rewards toward plane tickets and room nights.
This card is best for travelers who prefer flexibility, not routine
Like the other travel rewards cards in its category, the Capital One Venture Rewards Credit Card shines when you use it to score cheap deals through online booking services. That doesn't mean giving up on the perks and privileges that might attract you to competing accounts. Venture Card includes:
- No foreign transaction fee
- Zero fraud liability if your card is lost or stolen.
Capital One also assigns many of its best customer service agents to Venture Card customers.
Highlights: Capital One® Venture® Rewards Credit Card
- 2 miles per dollar on every purchase, every day
- Earn 20,000 bonus miles when you spend $2,000 on purchases within the first 3 months, equal to $200 in travel
- Redeem your miles for any travel expense
- No limit on the miles you can earn and miles don't expire
- Fly on any airline, any time with no blackout dates
- No foreign transaction fees
- $0 intro annual fee for the first year; $59 after that
13.9% - 20.9% (V)
$0 intro for first year; $59 after that