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Capital One® Venture® Rewards Credit Card Review
The Capital One® Venture® Rewards Credit Card is a travel card for those with excellent credit. Earn 100,000 bonus miles when you spend $20,000 on purchases in the first 12 months from account opening, or still earn 50,000 miles if you spend $3,000 on purchases in the first 3 months. Cardholders can also transform miles into other rewards like cash, although for a less-rewarding rate.
Capital One® Venture® Rewards Credit Card cardholders also get travel perks like accident protection, car rental insurance, roadside assistance and up to a $100 credit for Global Entry and TSA PreCheck when you use your card. If you’re looking for a credit card that will reward you for travel and give you flexibility in the travel providers you choose, this is one you can combine with other rewards cards, like cash-back-focused cards.
|Card||Ongoing Purchase APR||Annual Fee||Intro Bonus||Credit Needed||Key features|
|Capital One® Venture® Rewards Credit Card||17.24% - 24.49% (Variable) APR||$95||Earn 100,000 bonus miles when you spend $20,000 on purchases in the first 12 months from account opening, or still earn 50,000 miles if you spend $3,000 on purchases in the first 3 months.||Good to Excellent||Travel|
What we like about it
In addition to the travel rewards from this card, other Capital One® Venture® Rewards Credit Card perks include access to premier culinary experiences, VIP experiences for sporting events and concert event perks, including VIP packages.
Security protection for the Capital One® Venture® Rewards Credit Card includes security alerts delivered via mobile, email or phone call if there is suspicious activity on your account. Plus, if your card is ever lost or stolen, you won’t be on the hook for unauthorized charges. And if you do suspect foul play, you can utilize Card Lock to instantly freeze your credit access.
You can also see recurring merchants and frequently used merchants, add an authorized user to your account and track spending by user, transfer higher-rate balances onto your card, get 24/7 customer service, use Autopay for automatic payments each month, manage your account with the Capital One mobile app and use the Eno Capital One virtual assistant to manage your account on the go.
Things to consider
While you can also redeem rewards for something other than travel, including cash (check or account credit) and gift cards, these non-travel rewards may be worth less. The mile redemption is about $0.01 per mile, but rates for other rewards vary and are subject to change without notice.
Also, the annual fee of $95 is another consideration. There are travel cards out there without an annual fee that may be worth more depending on the amount you travel and plan to use your travel card for.
Capital One® Venture® Rewards Credit Card travel details
When you use the Capital One® Venture® Rewards Credit Card for travel, you’ll gain benefits. The card rewards you with unlimited 2x miles per dollar on every purchase and doesn’t restrict where you spend them travel-wise.
Points are redeemed as statement credits for travel purchases, so you have freedom in how you spend. You can use your miles on lodging, airfare and more. You also have the option to transfer miles to any of 15+ Capital One travel partners, where you might be able to get more mileage out of your miles. Rewards have no blackout dates and no expiration dates. There are no minimum miles required to redeem for travel.
To maximize your travel benefits from this card, purchase all your major travel items with the Capital One® Venture® Rewards Credit Card. Redeem your miles for travel purchases to maximize their value. If you want to get cash-back bonuses for other purchases, pair this card with a cash-back rewards card.
Capital One® Venture® Rewards Credit Card fees
The annual fee is $95. Depending on how much international travel you do and how many purchases you make abroad, the zero international fees may make the annual fee worth this card.
Other fees include a 3% transfer fee, a fee of $10 for a cash advance or 3% of the amount of each cash advance (the higher amount) and up to a $40 penalty for late payments. These fees are comparable to other travel cards.
How does it compare to other travel cards?
If you’re looking for a travel rewards card, consider the Chase Sapphire Preferred® Card, which gives you 80,000 points if you spend $4,000 in the first three months, worth up to $1,000 in travel if redeemed through the Chase Ultimate Rewards portal. Plus earn up to $50 in statement credits towards grocery store purchases. There’s also an annual fee of $95, but you get 2X points on travel and dining at restaurants worldwide, eligible delivery services, takeout and dining out & 1 point per dollar spent on all other purchases. The bonus offer and point structure with the Chase Sapphire Preferred® Card, may be more appealing.
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