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Apply online for Capital One® Venture® Rewards Credit Card
About Our Ratings
Credit Needed
Excellent, Good

Capital One® Venture® Rewards Credit Card Review

Pros & Cons

  • Rack up miles quickly given that each dollar spent earns two miles.
  • Our 2017 Editor's Choice pick for Travel Card Most Worth the Annual Fee.
  • Earn a bonus of 40,000 miles (or $400 in travel) once you spend $3,000 on purchases within the first three months.

Top Features

Points or Miles
2 Miles per dollar on every purchase, every day.
Bonus Miles or Points
40,000 Miles once you spend $3,000 on purchases within 3 months from account opening
Purchase APR
13.99% - 23.99% (Variable)
Annual Fee
$0 intro for first year; $59 after that

Full Review

Curtis Arnold Editor-in-chief

Love to travel frequently? The Capital One® Venture® Rewards Credit Cardis an attractive option for the serial wanderluster.

It recently won the 2017 CardRating's Editor's Choice Award for Travel Rewards Card Most Worth the Annual Fee (and it's a modest annual fee at that). The Capital One® Venture® Rewards Credit Card will waive the annual fee of $59 as the introductory first-year promotion. In addition to waiving the fee, the sign-up bonus includes:

  • 40,000 miles (equal to $400 in travel) once you spend $3,000 on purchases within the first three months
  • Unlimited 2x miles on every purchase, every day – that’s two miles for every dollar spent
  • Rewards don’t expire for the life of the account
  • No blackout dates or restrictions for redemption

Miles aren’t the only reward this card offers: Points can also be used for travel expenses, such as hotel accommodations and auto rentals, or turned into cash and merchandise credit if you don’t intend to travel. 

All this said, the real star power of the Capital One® Venture® Rewards Credit Card lies in the 40,000 miles bonus offer. All that fanfare aside, the Capital One® Venture® Rewards Credit Card remains one of the most compelling rewards cards on the market, enabling you to earn 2x the miles per dollar spent on every purchase, with no cap and no expiration on miles earned for the life of the account.

Since you’re earning two miles for every dollar you spend on the card, you’re essentially claiming a 2 percent rebate. That’s better than many cash-back credit cards on the market. And because you control your own travel bookings, you’re not subject to the whims of airline restrictions and blackout dates.

Added bonus: the Capital One® website and mobile banking application let you track your rewards in real time, without the need to convert earning into category codes.

What Our Editors Like Most

Capital One® Venture® Rewards Credit Card has all the bells and whistles you’d want in a travel rewards card. Rewards can be accumulated quickly, the APR is relatively low, you have easy visibility into your credit score, and the introductory offer is worthwhile.

Capital One® does not charge foreign transaction fees. This is an incentive because after all, if you are using a travel reward card, you’ll likely not want to deal with foreign transaction fees. Average foreign transaction fees reach around 3 percent, which can really add up as a frequent traveler.

Capital One® offers flexible redemption for travel at a high rate. In fact, this may be the biggest selling point. You can redeem points with any airline, any hotel, and there are no blackout dates.

Potential downsides

Even with the annual fee getting waived as an introductory bonus, the annual fee moving forward ($59) can be a turnoff -- cardholders need to be consistent travelers and card users to redeem enough points to offset the annual fee.

Because this card is not a cash-back reward program, the perks lie within its travel benefits and not its cash-back features. If a cardholder redeems his or her points for something other than travel perks, options and rates are subject to change without notice – meaning you may not get the same dollar for dollar value as with redeeming points for travel.

Another consumer concern may be the way points are redeemed. You cannot use points to offset the cost of a ticket. You must have the entire amount of points that will cover the totality of the purchase you are making. To find out the value of miles accumulated, simply multiply your travel purchase by 100. For instance, if your travel purchase costs $400 use this formula: 400 X 100 = you need 40,000 miles to redeem your travel purchase. 

How Capital One® Venture® Rewards Credit Card Compares to Other travel rewards Cards

Capital One® Venture® Rewards Credit Card vs. Chase Sapphire Preferred® Card. While both cards offer features, such as no foreign transaction fees and chip-enabled technology, there are some notable differences between the two cards. Chase Sapphire Preferred® Card charges an annual fee $40 more expensive than Capital One® Venture® Rewards Credit Card. In order to qualify for the sign-up bonus, as a Sapphire holder, you can expect to spend $4,000 on purchases within the first 3 months from account opening as opposed to $3,000 with the Capital One® Venture® Rewards Credit Card. 

Capital One® Venture® Rewards Credit Card vs. Discover it® Miles. Discover it® Miles has some interesting perks like: $30 toward in-flight wi-fi and a match of all miles earned in the first year. But the traditional 1.5 points for every $1 just barely follows behind Capital One® Venture® Rewards Credit Card's high reward turnaround; however, neither card caps the amount of rewards a cardholder can redeem.  Discover it® Miles does not have an annual fee, though, which may make it slightly more attractive than the Venture®.   Both cards require excellent credit to qualify.

Capital One® Venture® Rewards Credit Card vs. BankAmericard Travel Rewards® Credit Card. Bank of America’s spin on a travel reward card offers an enticing perk: no annual fee, which is a $59 savings compared to the Capital One® Venture® Rewards Credit Card. The downside to the BankAmericard Travel Rewards® Credit Card is the 1.5 points for $1 spent as opposed to Capital One® Venture® Rewards Credit Card's 2 points for $1. The long-term reward for using Capital One® Venture® Rewards Credit Card will prove to be monetarily greater if you’re a consistent card user; if you aren’t, skip the annual fee with BankAmericard.

Who Should Get This Card?

The program allows points to be earned anywhere, so it’s also perfect for someone who uses their credit for everything (of course paying off the balance each month.)

Capital One® Venture® Rewards Credit Card is also great for avid travelers. 

This page was last updated on June 14, 2017

This card compared to other travel rewards cards

Points or Miles
2 Miles per dollar on every purchase, every day.
1.5 Miles per dollar on all purchases
2X points on travel and dining at restaurants & 1 point per dollar spent on all other purchases worldwide
Bonus Miles or Points
40,000 Miles once you spend $3,000 on purchases within 3 months from account opening
We'll match all the miles new cardmembers have earned at the end of their first year. No purchase caps or minimums. No signing up. And no limit. Only for new cardmembers.
Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards(R)
Purchase APR
13.99% - 23.99% (Variable)
11.99% - 23.99% Variable 
16.99% - 23.99% Variable 
Annual Fee
$0 intro for first year; $59 after that
$0
$0 Intro for the First Year. Then $95
CardRatings.com Editorial Staff

Capital One® Venture® Rewards Credit Card details

Purchase APR
13.99% - 23.99% (Variable)
Purchase Intro
APR:
N/A
Balance Transfer Intro APR
N/A
Balance Transfer Intro Period
N/A
Annual Fee
$0 intro for first year; $59 after that

What Capital One says about this card

  • Enjoy a one-time bonus of 40,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $400 in travel
  • Earn unlimited 2X miles per dollar on every purchase, every day
  • Fly any airline, stay at any hotel, anytime
  • Travel when you want with no blackout dates
  • Miles won't expire for the life of the account and there's no limit to how many you can earn
  • No foreign transaction fees
  • $0 intro annual fee for the first year; $59 after that
  • Get a metal Venture Card when you apply today

Credit Card Consumer Average Ratings:

Overall Ratings
Reward Program
Card Benefit
Customer Service

Credit Card Consumer Reviews:

  1. Overall Ratings:
    Reward Program:
    Card Benefit:
    Customer Service:
    Gianna ( Sep 28, 2016 at 10:34 am)

    I've been a venture capital holder for eons. I love this card. Outstanding customer service.As far as I'm concerned I will always give it and A rating


  2. Overall Ratings:
    Reward Program:
    Card Benefit:
    Customer Service:
    Thomas ( Nov 30, 2012 at 6:40 am)

    For simple travel rewards that cost $59 per year to receive the 2 percent rebate ofr travel cost, I don't think you can beat this. I keep looking but have yet to find a card that is so simple and easy to use and gives the biggest bang. Can I say I love this card. The customer service is outstanding. A rating. The only thing I don't like is that it does not give you a monthly breakdown of your expenses. It does for the a yearly summary. Also at this time there is no cell phone app for windows. I can live with that.


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Special offers
Currently available on the Capital One® Venture® Rewards Credit Card
40,000 Miles
Once you spend $3,000 on purchases within 3 months from account opening

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Apply online for Discover it® Miles

Discover it® Miles

  • Match Mile For Mile: We'll match all the Miles you've earned at the end of your first year. For example, if you earn 30,000 Miles, you get 60,000 Miles.
  • Unlimited 1.5x Miles per dollar on all purchases, every day, with no annual fee.
  • No Blackout Dates - fly any airline, stay at any hotel.
  • Redeem your Miles as statement credits towards travel purchases.
  • Freeze your account in seconds with an on/off switch either on the mobile app or website to prevent new purchases, cash advances, and balance transfers.
  • Get your FICO(R) Credit Score for free on monthly statements, on mobile and online.
  • No Annual Fee.
  • Click "APPLY NOW" to see rates, rewards, FICO(R) Credit Score terms, Discover Match(R) details & other information.
Credit Needed:
Excellent, Good
Apply online for Chase Sapphire Preferred® Card

Chase Sapphire Preferred® Card

  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards(R)
  • Named Best Credit Card for Flexible Travel Redemption - Kiplinger's Personal Finance, July 2016
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
Credit Needed:
Excellent/Good