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, U.S. restaurants, and car rentals, 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 Credit Card from Chase, offer 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 Venture 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
Capital One also assigns many of its best customer service agents to Venture Card customers, earning praise for outstanding experiences in two recent J.D. Power and Associates consumer surveys. >> Hide
13.90% - 20.90% Variable
- No annual membership fee
- Low variable rate of 7.25%, 10.25%, or 13.25% based on your credit worthiness. This APR will vary with the market based on the Prime Rate.
- Low Introductory APR on balance transfers of 1.99% for your first 6 billing cycles, this rate will not change during the introductory period. Applies to balance transfers processed within three months of your account open date. After that, your APR will be the same as your assigned purchase rate, based on your creditworthiness. This APR will vary with the market based on the Prime Rate.
7.25% - 13.25% Variable
6 billing periods