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Capital One Venture Rewards Credit Card Review

Capital One Venture Rewards Credit Card

Capital One Venture Rewards Credit Card Review

Sign-Up Bonus
Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel
Rewards Rate
2 Miles per dollar on every purchase, every day; 5 Miles on hotels and rental cars booked through Capital One Travel; 5 Miles per dollar when you book on Turo, the world’s largest car sharing marketplace, through May 16, 2023
Extra Perks
Receive up to $100 application fee credit for Global Entry or TSA PreCheck®
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

Who is the Capital One Venture Rewards Credit Card best for?

If you’re an occasional traveler, the Capital One Venture Rewards Credit Card provides a great opportunity to earn a solid rewards rate on every purchase without being tied to one specific airline or hotel loyalty program.

Along with flexible reward redemption options, the card offers a simple earning rate of 2 Miles per dollar on every purchase, every day; 5 Miles on hotels and rental cars booked through Capital One Travel; 5 Miles per dollar when you book on Turo, the world’s largest car sharing marketplace, through May 16, 2023.

While the Capital One Venture Rewards Credit Card does charge a $95 annual fee, benefits such as a Global Entry/TSA PreCheck credit and lounge access can help make up for that amount each year.

That said, if you want to squeeze even more value from your credit card rewards, as well as have access to more robust travel and shopping protections, the Chase Sapphire Preferred® Card may be a better fit.

Capital One Venture Rewards Credit Card overview

    • Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel
    • Earn unlimited 2X miles on every purchase, every day
    • Miles won't expire for the life of the account and there's no limit to how many you can earn
    • Receive up to a $100 credit for Global Entry or TSA PreCheck®
    • Enjoy two complimentary visits per year to Capital One Lounges or to 100+ Plaza Premium Lounges through our Partner Lounge Network
    • Earn 5X miles on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options
    • Use your miles to get reimbursed for any travel purchase—or redeem by booking a trip through Capital One Travel
    • Transfer your miles to your choice of 15+ travel loyalty programs
    660 720 850
    Excellent/Good
  • Travel accident insurance
  • Auto rental collision damage waiver
  • 24-hour travel assistance services
  • $0 fraud liability
  • Extended warranty
  • Foreign transaction fees: None

Intro Purchase APR

N/A

Regular Purchase APR

20.24% - 28.24% (Variable)

Intro BT APR

N/A

Regular BT APR

20.24% - 28.24% (Variable)

Annual Fee

$95

Cash Advance Fee

3% of the amount of the cash advance, but not less than $3

Foreign Transaction Fee

None

Balance Transfer Fee

$0 at this Transfer APR

Pros and cons of the Capital One Venture Rewards Credit Card

Pros

  • Generous sign-up bonus
  • Flexible rewards redemption options
  • Various travel transfer partners
  • Global Entry/TSA PreCheck credit
  • Lounge access

Cons

  • Modest rewards rate
  • $95 annual fee
  • Less robust protections than comparable cards

What we like about the Capital One Venture Rewards Credit Card

  • Sign-up bonus

    Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel. The sign-up bonus will be applied to your rewards balance within two billing cycles of qualifying for it.

    Note, if you currently have or had a Capital One Venture Rewards Credit Card, you may not be eligible for this bonus.

  • Rewards redemption options

    You have a lot of flexibility when it comes to redeeming your Capital One Venture Rewards Credit Card miles. Along with using miles to book travel through Capital One Travel, miles can be used to cover past travel. Miles can also be redeemed for cash, checks, statement credits, gift cards, PayPal purchases, Amazon.com purchases or event tickets through Capital One Entertainment.

  • Travel transfer partners

    The Capital One Venture Rewards Credit Card is one of four Capital One credit cards that allows you to transfer the miles you earn to a number of travel loyalty programs.

    Transfers are done at a 1:1 rate with the following partners:

    • Aeromexico Club Premier
    • Aeroplan®
    • Asia Miles
    • Avianca LifeMiles
    • British Airways Executive Club
    • Choice Privileges®
    • Emirates Skywards
    • Etihad Guest
    • Finnair Plus
    • Flying Blue
    • Qantas Frequent Flyer
    • Singapore Airlines KrisFlyer
    • TAP Miles&Go
    • Turkish Airlines Miles&Smiles
    • Virgin Red

    Meanwhile, transfers to the following partners will require 2 Venture miles for 1 airline miles:

    • Accor Live Limitless (ALL)

    Finally, there’s a 2:1.5 transfer rate with this partner:

    • EVA Air Infinity MileageLands

    Although Capital One has no domestic airline partners, you can book domestic award flights using some of the loyalty programs above, depending on which airline alliance they’re in.

  • TSA PreCheck/Global Entry credit

    Every four years, receive a $100 statement credit to cover your Global Entry application or $85 to cover your TSA PreCheck application.

Lounge access

  • The card offers two free visits per year to Capital One Lounges or to more than 100 Plaza Premium Lounges, which are mostly available internationally. Capital One has one lounge in the Dallas/Fort Worth International Airport, and two more opening in 2023 at Dulles International Airport and Denver International Airport.

What to look out for with the Capital One Venture Rewards Credit Card

  • Rewards rate

    The Capital One Venture Rewards Credit Card offers 2 Miles per dollar on every purchase, every day; 5 Miles on hotels and rental cars booked through Capital One Travel; 5 Miles per dollar when you book on Turo, the world’s largest car sharing marketplace, through May 16, 2023. However, there are a number of credit cards that offer higher rewards rates in popular spending categories, like dining, gas and groceries.

  • Annual fee

    The Capital One Venture Rewards Credit Card charges an annual fee of $95.

    If you prefer a Capital One card with a $0 annual fee — and you don’t mind earning a lower rewards rate on general purchases, you may want to look at the Capital One VentureOne Rewards Credit Card.

  • Less robust benefits

    This card doesn’t offer some of the valuable benefits you may expect to see from a travel rewards card, like trip delay insurance, trip interruption insurance and lost/delayed baggage insurance.

Alternate travel card to the Capital One Venture Rewards Credit Card

Compare it to the Chase Sapphire Preferred® Card

| Disclosures
Chase Sapphire Preferred® Card
Chase Sapphire Preferred® Card
on Chase's secure site
N/A
20.24% - 27.24% Variable
$95
5x on travel purchased through Chase Ultimate Rewards®, 3x on dining and

 

  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®.
  • Enjoy benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining and 2x on all other travel purchases, plus more.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
  • Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
  • Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2024.
720 850
Excellent

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appears on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.


If you want to get more value from your rewards to help offset the cost of future travel, the Chase Sapphire Preferred® Card may be a better option. That’s because points are worth 25% more when you redeem them for travel through Chase’s travel portal. Additionally, each account anniversary, cardholders earn bonus points equal to 10% of their total purchases make the previous year.

Cardholders Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®. Plus, earn 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining and 2x on all other travel purchases.

In addition to redeeming points for travel, cash and gift cards, Chase Sapphire Preferred® Card cardholders can transfer points at a rate of 1:1 to 11 airline and three hotel loyalty programs.

The Chase Sapphire Preferred® Card also offers several travel and purchase benefits that the Capital One Venture Rewards Credit Card doesn’t have, including trip cancellation/interruption insurance, baggage delay insurance, trip delay reimbursement, travel and purchase protection.

Compare the Capital One Venture Rewards Credit Card to similar cards

Comparison of four different credit cards
Capital One Venture Rewards Credit Card Chase Sapphire Preferred<sup>®</sup> Card Discover it<sup>®</sup> Miles Capital One VentureOne Rewards Credit Card
Capital One Venture Rewards Credit Card Chase Sapphire Preferred® Card Discover it® Miles Capital One VentureOne Rewards Credit Card
Apply Now
on Capital One's secure site
Apply Now
on Chase's secure site
Apply Now
on Discover's secure site
Apply Now
on Capital One's secure site
Welcome Offer
Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®. Only Discover gives you an unlimited match of all the Miles you’ve earned at the end of your first year. For example, if you earn 35,000 Miles, you get 70,000 Miles. There’s no signing up, no minimum spending or maximum rewards. Just a Miles-for-Miles match. Earn a bonus of 20,000 miles once you spend $500 on purchases within 3 months from account opening, equal to $200 in travel
Rewards Rate
2 Miles per dollar on every purchase, every day; 5 Miles on hotels and rental cars booked through Capital One Travel; 5 Miles per dollar when you book on Turo, the world’s largest car sharing marketplace, through May 16, 2023 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining and 2x on all other travel purchases Automatically earn unlimited 1.5x Miles on every dollar of every purchase - with no annual fee. 1.25 Miles per dollar on every purchase, every day; 5 Miles on hotels and rental cars booked through Capital One Travel
Annual Fee
$95 $95 $0 $0
Intro Purchase APR
N/A N/A 0% Intro APR for 15 months 0% intro on purchases for 15 months
Regular APR
20.24% - 28.24% (Variable) 20.24% - 27.24% Variable 16.24% - 27.24% Variable APR 19.24% - 29.24% (Variable)
Recommended Credit
Excellent/Good Excellent Excellent/Good Excellent/Good
Card Details
Capital One Venture Rewards Credit Card Chase Sapphire Preferred® Card Discover it® Miles Capital One VentureOne Rewards Credit Card

Is the Capital One Venture Rewards Credit Card right for you?

When deciding whether to apply for the Capital One Venture Rewards Credit Card, it ultimately comes down to what’s most important to you in a credit card.

If you want a card that makes it easy to earn and redeem rewards — and you don’t mind not having access to a lot of travel insurance perks — then the Capital One Venture Rewards Credit Card may be right for you.

But if you want to get more value for the points you earn for travel and have access to more benefits, the Chase Sapphire Preferred® Card may be a better fit.

Apply Now
on Capital One's secure site