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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

  • Our 2017 Editor's Choice pick for Travel Rewards 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
  • Rewards offer maximum flexibility for those who aren't brand loyal to a specific airline, hotel or car rental company.

Top Features

Points or Miles
Earn unlimited 2X 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 of approval, equal to $400 in travel
Purchase APR
13.49% - 23.49% (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
  • 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. 

Additionally, through January 2017 Capital One® Venture® Rewards Credit Card cardholders can receive 10 percent off hotel stays booked with a Venture® card on the HotelTonight® app. Just enter VENTURE as a promo code and enjoy the 10 percent off. There's no limit to how often you can take advantage of the deal.

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.

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® Compares to Other travel rewards Cards

Capital One® Venture® 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®. 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®. 

Capital One® Venture® vs. Discover it® Miles - Unlimited 1.5x Rewards Card. Discover it® Miles - Unlimited 1.5x Rewards Card 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®’s high reward turnaround; however, either card caps the amount of rewards a cardholder can redeem.  Discover it® Miles - Unlimited 1.5x Rewards Card 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® 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®. The downside to the BankAmericard Travel Rewards® Credit Card is the 1.5 points for $1 spent as opposed to Capital One® Venture® 2 points for $1. The long-term reward for using Capital One® Venture 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 card compared to other travel rewards cards

Points or Miles
Earn unlimited 2X miles per dollar on every purchase, every day
3X points for flights booked directly with airlines. 2X points at US restaurants, US gas stations, and US supermarkets. 1X points on other purchases. Terms and limitations apply
2X miles/$1 on all purchases. Get 5% miles back to use toward your next redemption, every time you redeem
Bonus Miles or Points
40,000 miles
once you spend $3,000 on purchases within 3 months of approval, equal to $400 in travel
Receive 25,000 Membership Rewards® Points after you spend $2,000 on purchases on your new Card in your first 3 months of Card Membership.
Earn 50,000 bonus miles after you spend $3,000 on purchases in the first 90 days - that's enough to redeem for a $500 travel statement credit
Purchase APR
13.49% - 23.49% (Variable)
N/A 
16.49%, 20.49% or 23.49%* Variable 
Annual Fee
$0 intro for first year; $59 after that
Introductory annual fee of $0 for the first year, then $195.
$89-Waived first year
CardRatings.com Editorial Staff

Capital One® Venture® Rewards Credit Card details

Balance Transfer Intro APR
N/A
Balance Transfer Intro Period
N/A
Purchase Intro
APR:
N/A
Purchase APR
13.49% - 23.49% (Variable)
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 of approval, 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 don't expire 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

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 of approval, equal to $400 in travel

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Apply online for Premier Rewards Gold Card from American Express

Premier Rewards Gold Card from American Express

  • Receive 25,000 Membership Rewards(R) Points after you spend $2,000 on purchases on your new Card in your first 3 months of Card Membership.
  • 3X points for flights booked directly with airlines. 2X points at US restaurants, US gas stations, and US supermarkets. 1X points on other purchases. Terms and limitations apply.
  • No matter where you're traveling, when you use your Premier Rewards Gold Card there are no foreign transaction fees from American Express.
  • $100 Airline Fee Credit. Up to $100 a year in baggage fees and more at one airline.
  • Get a $75 hotel credit on qualifying charges, plus a room upgrade upon arrival, if available with The Hotel Collection at americanexpress.com/hc. Terms apply.
  • There is a $0 introductory annual fee for the first year, then $195.
  • Terms and limitations apply.
Credit Needed:
Excellent
Apply online for Barclaycard Arrival Plus™ World Elite MasterCard®

Barclaycard Arrival Plus™ World Elite MasterCard®

  • Earn 50,000 bonus miles after you spend $3,000 on purchases in the first 90 days - that's enough to redeem for a $500 travel statement credit
  • Earn 2X miles on all purchases
  • Redeem for travel or cash back statement credits, gift cards and merchandise. Redemption values vary
  • Get 5% miles back to use toward your next redemption, every time you redeem
  • Miles don't expire as long as your account is open, active and in good standing
  • No foreign transaction fees on anything you buy while in another country
  • 0% introductory APR for 12 months on Balance Transfers made within 45 days of account opening. After that, a variable APR will apply, 16.49%, 20.49% or 23.49%, based on your creditworthiness. Please note, there is a fee for balance transfers
Credit Needed:
Excellent/Good