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Apply online for Capital One® Venture® Rewards Credit Card

Capital One® Venture® Rewards Credit Card Review

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By Brooklyn Lowery Site Editor  Updated Jul 16, 2019

Capital One® Venture® Rewards Credit Card Essentials

Love to travel frequently? The Capital One® Venture® Rewards Credit Card is an attractive option for the serial wanderluster; that's why it's being recognized among our best credit cards of 2019.

The Capital One® Venture® Rewards Credit Card will waive the annual fee of $95 as the introductory first-year promotion. In addition to waiving the fee, the card offers you:

  • 50,000 miles (equal to $500 in travel) once you spend $3,000 on purchases within the first three months
  • Unlimited two miles per $1 spent on every purchase, every day
  • Earn 10 miles per $1 spent when you use your card to book stays on Hotels.com/Venture
  • Rewards don’t expire for the life of the account
  • No blackout dates or restrictions for redemption
  • Fly any airline, stay at any hotel, anytime; no blackout dates
  • And now you can transfer your miles to over 12 leading travel loyalty programs

Just because the rewards are called "miles," don't restrict your thinking to only airlines. Rewards can be redeemed for a variety of travel expenses, such as hotel accommodations, auto rentals and theme park tickets, 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 50,000 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. Another wildly popular personal travel rewards card on the market – the Chase Sapphire Preferred® Card – also offers plenty of perks for cardholders, but neither of these cards has to be the only travel credit card in your wallet. It could be an excellent strategy to carry both the Chase card, so you can earn Ultimate Rewards® points that can redeemed in the Ultimate Rewards® portal for 25% more value (more on this below) and the Venture card, so you have travel rewards that can be redeemed as statement credit to cover virtually any travel purchase, even those that aren't available through the Ultimate Rewards® portal.

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.

CardRatings Editor's Analysis: Pros & Cons

  • Earn 10 miles per $1 spent when you use your Venture® card to book a stay on Hotels.com/Venture. Earn two miles per $1 spent on all your other purchases, every day.
  • Cardholders are eligible for a reimbursement of their Global Entry or TSA Pre✓® application fee, a perk worth up to $100.
  • Redeem your miles without blackout dates or brand-loyalty – just make your purchases and redeem your miles for statement credit.

What Our Editors Like Most About the Capital One® Venture® Rewards Credit Card

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 miles with any airline, any hotel, and there are no blackout dates. Plus, you can transfer your miles to over 12 leading travel loyalty programs.

Just to sweeten the deal a bit, Capital One announced in January 2018 a new partnership with Hotels.com. Thanks to the partnership, Capital One® Venture® Rewards Credit Card (and Capital One® VentureOne® Rewards Credit Card) cardholders will earn 10 miles per $1 spent when they use their card to book stays on Hotels.com/Venture. That's in addition to the regular Hotels.com rewards program through which you earn a free night stay for every 10 nights booked on the site. All those extra miles can then be redeemed with all the flexibility of your other Venture® miles.

Potential Downsides of the Capital One® Venture® Rewards Credit Card

Even with the annual fee getting waived as an introductory bonus, the annual fee moving forward ($95) can be a turnoff – cardholders need to be consistent travelers and card users to redeem enough miles 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 miles 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 miles for travel.

Another consumer concern may be the way miles are redeemed. You cannot use miles to offset the cost of a ticket. You must have the entire amount of miles 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. 

Top Features

Rewards
2 Miles per dollar on every purchase, every day.
Bonus Rewards
50,000 Miles once you spend $3,000 on purchases within 3 months from account opening
Annual Fee
$0 intro for first year; $95 after that

How the Capital One® Venture® Rewards Credit Card Compares to Other Travel Rewards Cards

Capital One® Venture® Rewards Credit Card vs. Chase Sapphire Preferred® Card

Both cards offer travel-friendly features, such as no foreign transaction fees and chip-enabled technology, and they charge the same annual fee (though the fee is waived the first year with Venture). That said, there are a few notable differences. For instance, to qualify for the Chase Sapphire Preferred® Card signup bonus of 60,000 points you'll need to spend $4,000 on purchases within the first three months from account opening as opposed to $3,000 with the Capital One® Venture® Rewards Credit Card. That said, the Chase card offers you 25% more value when you redeem your points for travel through the Ultimate Rewards® portal, meaning that the 60,000-point signup bonus is worth up to $750 through the Ultimate Rewards® portal. Furthermore, since you can transfer your Ultimate Rewards® points to a number of airline and hotel loyalty partners, those points could be worth even more.

When it comes to earning points, however, the structures are a bit different and if you are someone who just wants a straightforward rewards structure, the Venture card is likely better for you. With the Chase Sapphire Preferred® Card, you earn two points per $1 spent on travel and dining and one point per $1 on everything else; that's compared to the two miles per $1 spent on all your purchases with the Capital One card.

These cards are both travel rewards credit darlings, so if travel rewards are your goal, you might want to consider carrying both.

Capital One® Venture® Rewards Credit Card vs. Wells Fargo Propel American Express® Card

The Wells Fargo Propel American Express® Card has some impressive perks. This card offers three times the points for every $1 that cardholders spend on gas, restaurants, travel and streaming services. Anything else you buy, you'll get one point per $1 spent, and we haven't even talked about the bonus yet.

If you spend $3,000 within the first three months of account membership, you'll receive a 30,000-point introductory bonus offer, worth $300. That's generous but not as generous as the Capital One® Venture® Rewards Credit Card's 50,000-point introductory bonus offer, worth $500.

However, the Wells Fargo card doesn't charge and annual fee, which may make it slightly more attractive than the Capital One® Venture® Rewards Credit Card for some people.

Capital One® Venture® Rewards Credit Card vs. Citi Premier Card

The Citi Premier Card is a tiered rewards card. You'll earn three points per $1 spent on travel, including purchases at gas stations; two points per $1 on dining out and entertainment purchases; and one point on everything else. If you're someone who dines out often, you could stand to earn substantially more points with this card.

The welcome bonus with the Citi Premier Card is impressive at 60,000 ThankYou® points after you spend $4,000 in the first three months of account opening. These 60,000 points are redeemable for $750 in airfare on any airline, anytime, with no blackout dates, when booked through the ThankYou® Travel Center. Or, get $600 in gift cards when redeemed at thankyou.com. Lastly, those points are transferable to a number of airline loyalty programs, so if you're primarily looking for airline rewards in a travel rewards card, this could be an excellent option for you.

Who Should Get This Card?

The program allows miles to be earned anywhere, so it’s perfect for someone who uses their credit card for everything (of course, paying off the balance each month is a must or anything you earn in rewards will be eaten up by interest charges.

The Capital One® Venture® Rewards Credit Card is designed for people who love to travel and appreciate saving a bit of money when they do it with rewards they've earned just living their daily lives.

Capital One® Venture® Rewards Credit Card compared to other travel rewards cards

Card Name
Rewards
Bonus Rewards
Annual Fee
Ratings/Apply
2 Miles per dollar on every purchase, every day.
50,000 Miles once you spend $3,000 on purchases within 3 months from account opening
$0 intro for first year; $95 after that
Chase Sapphire Preferred® Card
Apply online for Chase Sapphire Preferred® Card
2X points on travel and dining at restaurants & 1 point per dollar spent on all other purchases worldwide
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
$95
Bank of America® Premium Rewards® credit card
Apply online for Bank of America® Premium Rewards® credit card
2 points for every $1 spent on travel and dining purchases. 1.5 points per $1 spent on all other purchases.
50,000 bonus points after you make at least $3,000 in purchases in the first 90 days of account opening.
$95

Credit Card Consumer Average Ratings:

Overall Ratings
Reward Program
Card Benefit
Customer Service

Credit Card Consumer Reviews:

  1. Overall Ratings:
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    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:
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    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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