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Apply online for Capital One® Venture® Rewards Credit Card

Capital One® Venture® Rewards Credit Card Review

Excellent, Good

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What Capital One says about this card

Apply online for Capital One® Venture® Rewards Credit Card
  • Enjoy a one-time bonus of 50,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $500 in travel
  • Earn 2X miles on every purchase, every day. Plus earn 10X miles on thousands of hotels, through January 2020; learn more at hotels.com/venture
  • Named 'The Best Travel Card' by CNBC, 2018
  • Receive up to $100 application fee credit for Global Entry or TSA Pre✔®
  • Fly any airline, stay at any hotel, anytime; no blackout dates. Plus transfer your miles to over 12 leading travel loyalty programs
  • 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; $95 after that

By Brooklyn Lowery Site Editor  Updated Sep 6, 2019

CAPITAL ONE® VENTURE® REWARDS CREDIT CARD BENEFITS

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% 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.

CAPITAL ONE® VENTURE® REWARDS CREDIT CARD TRAVEL BENEFITS

Regardless of whether your travel is domestic or international, this card has you covered. Some of the top Capital One® Venture® Rewards Credit Card travel benefits include:

  • A $100 credit towards Global Entry or TSA PRE✓® costs
  • Travel accident insurance
  • 24-hour travel assistance services
  • Auto rental collision damage waiver
  • No foreign transaction fees (more on this below)
  • Roadside assistance
  • And more

And let's not forget about no blackout dates or restrictions for redemption, the ability to fly any airline, stay at any hotel, anytime, as well as the ability to transfer miles to over 12 leading travel loyalty programs.

CAPITAL ONE® VENTURE® REWARDS CREDIT CARD FOREIGN TRANSACTION FEE

Foreign transaction fees are an easy way to waste money while traveling internationally. There are two ways that travelers can get hit with these fees: a foreign transaction fee, that usually averages around 3%; and a dynamic currency conversion fee, which can range up to 7%. The foreign transaction fee is tacked onto a bill whenever a transaction is made out of the United States. Some credit card's will charge this fee, but others, like the Capital One® Venture® Rewards Credit Card, will not. The DCC fee is one that hits when foreign merchants offer you a conversion price so you know more about how much an item would cost if you were to buy it in the United States. This is not a free service, but for Capital One card holders, the fee is waived. With both of these fees waived for Capital One® Venture® Rewards Credit Card cardholders, up to 10% can be saved.

In short, each time you make a purchase with your Venture card abroad, you'll save yourself a nice chunk of change. Think of it this way: if you travel to France using a card that charges a 3% foreign transaction fee, and you spend $5,000 on your trip, you'll tack on an additional $150 just in fees. However, if you were to travel with the Capital One® Venture® Rewards Credit Card, that's $150 you could save and put towards something like a nice souvenir or one last delicious Michelin-star meal.

Top Features

Rewards Bonus Rewards Annual Fee
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

POTENTIAL DOWNSIDES OF THE CAPITAL ONE® VENTURE® REWARDS CREDIT CARD

Even with the annual fee getting waived as an introductory offer, 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. If you want to book your travel through the Capital One Travel Center, you'll need to have enough miles to cover the entire cost of what you're trying to book. If you don't have the full amount, you can pay for the travel purchase outright and then use whatever miles you do have to offset the cost with a statement credit via the Purchase Eraser option. 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 cover the full cost of your travel purchase. 

HOW THE CAPITAL ONE® VENTURE® REWARDS CREDIT CARD COMPARES TO OTHER TRAVEL 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 to earn 50,000 miles. 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®. 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. Capital One® VentureOne® Rewards Credit Card

When you look at the all-around benefits of each card, the Capital One® Venture® Rewards Credit Card comes out on top— but that doesn’t mean it’s best for everyone. The biggest stand out is that after the first year the Capital One® Venture® Rewards Credit Card charges a $95 annual fee, whereas the Capital One® VentureOne® Rewards Credit Card does not. If you’re not going to spend $10,000 or more in a year, the Capital One® Venture® Rewards Credit Card is probably not worth the annual fee.

The Capital One® Venture® Rewards Credit Card offers unlimited 2x miles per $1 on every purchase, every day, whereas the Capital One® VentureOne® Rewards Credit Card card offers 1.25x miles per $1 on every purchase, every day. They both offer 10x the miles on thousands of hotels through January 2020 on hotel bookings made at hotels.com/venture.

The Capital One® VentureOne® Rewards Credit Card does not offer a credit for Global Entry or TSA PRE✓® and it only offers 20,000 bonus miles once you spend $1,000 on purchases in the first three months of your account opening, compared to 50,000 bonus miles once you spend $3,000 on purchases within the first three months of the account opening with the annual fee version.

One thing that the Capital One® VentureOne® Rewards Credit Card offers is an introductory 0% APR on purchases for 12 months (then 14.24% - 24.24% (Variable)), which is a nice benefit that the Capital One® Venture® Rewards Credit Card does not offer.

Capital One® Venture® Rewards Credit Card vs. Bank of America® Travel Rewards credit card

The Capital One® Venture® Rewards Credit Card and the Bank of America® Travel Rewards credit card align similarly, but the Capital One squeaks by to come out ahead. It offers unlimited 2x miles per $1 on every purchase, every day, whereas the Bank of America® Travel Rewards credit card offers only 1.5x points per $1 spent on all purchases. The Bank of America® Travel Rewards credit card will give you 25,000 online bonus points after you spend $1,000 in the first 90 days of the account opening, versus the Capital One offer of 50,000 bonus points after you spend $3,000 in the first three months of opening an account. Both allow you to redeem points for any type of travel.

The Bank of America® Travel Rewards credit card offers 0% introductory APR for 12 months on purchases (then 16.99% - 24.99% Variable APR on purchases); the Capital One® Venture® Rewards Credit Card card does not have an intro 0% APR offer. Another difference is that the Bank of America card has no annual fee. Neither card charges foreign transaction fees and neither card lets points expire as long as the accounts are open and in good standing.

IS THE CAPITAL ONE® VENTURE® REWARDS CREDIT CARD A GOOD CARD?

The Capital One® Venture® Rewards Credit Card is a good card for general travel rewards, especially if you don't want to worry about spending caps and categories, as it earns two points on every purchase made, with no caps on the amount you can earn. Remember, though, that you want to do better than just break even on the annual fee. Since the annual fee is $95 after the first year, and your miles can be redeemed for at least $.01 each on travel, the Capital One® Venture® Rewards Credit Card is a good card for people who plan to spend at LEAST $5,000 each year on their card ($5,000 x 2 miles per $1 spent = 10,000 miles). However, it's an even better card for people who plan to spend much more than that.

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
American Express® Gold Card
Apply online for American Express® Gold Card
Earn 4X Membership Rewards® points when you dine at restaurants worldwide. Earn 4X Membership Rewards® points at U.S. supermarkets (on up to $25,000 per year in purchases, then 1X). Earn 3X Membership Rewards® points on flights booked directly with airlines or on amextravel.com.
Earn 35,000 Membership Rewards® Points after you spend $2,000 on eligible purchases with your new Card within the first 3 months.
$250
Apply Now
Terms and Limitations Apply
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
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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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