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Capital One Venture Rewards Credit Card

Capital One Venture Rewards Credit Card

Capital One Venture Rewards Credit Card

Bonus Miles
Enjoy a one-time bonus of 60,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $600 in travel
Rewards Rate
2 Miles per dollar on every purchase, every day
Extra Perks
Receive up to $100 application fee credit for Global Entry or TSA Pre✓®
Edited by
Julie Sherrier
Reviewed by
Benét J. Wilson
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?

The Capital One Venture Rewards Credit Card has a loyal following despite competing with other rewards cards that offer higher points on everyday purchases and more benefits.

That may be because it offers cardholders an easy way to earn flat cashback rewards and makes it simple to redeem them via Purchase Eraser or direct booking with miles.

With this card, you don’t have to remember different spending categories, nor are you wedded to a single hotel or airline loyalty program.

Instead, the Capital One Venture Rewards Credit Card has an easy and understandable redemption platform where you can use rewards toward various travel options, including flights, hotels and rental cars.

But if you’re looking for a card that gives you better rewards in top spending categories, along with more travel and purchase benefits, know that the Chase Sapphire Preferred® Card may be a better fit.

Capital One Venture Rewards Credit Card overview

    • Enjoy a one-time bonus of 60,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $600 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 $100 application fee credit for Global Entry or TSA Pre✓®
    • Redeem on travel—including flights, vacation rentals, car rentals and more. Plus transfer your miles to over 15+ travel loyalty programs
    • No foreign transaction fees
  • Credit needed:
    680 850
    Excellent/Good
  • Travel accident insurance
  • Auto rental collision damage waiver
  • Roadside assistance
  • Extended warranty
  • Foreign transaction fees: None

Intro Purchase APR

N/A

Intro BT APR

N/A

Annual Fee

$95

Regular Purchase APR

15.99% - 23.99% (Variable)

Cash Advance Fee

3% of the amount of the cash advance, but not less than $10

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

Cons

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

What we like about the Capital One Venture Rewards Credit Card

  • Sign-up bonus

    Enjoy a one-time bonus of 60,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $600 in travel.

  • Rewards redemption options

    You have much more flexibility when the time comes to redeem your miles on the Capital One Venture Rewards Credit Card. Use them to pay for travel booked on the website or app of any airline, hotel, rental cars and more using the Purchase Eraser feature, which gives you an account credit for what you spend.

    You can also book travel with your miles at capitalone.com or at the Rewards Center at 800-228-3001. If you don’t want to use your miles for travel, you can redeem them for a check, an account credit or gift cards.

  • 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)
    • Avianca (LifeMiles)
    • Cathay Pacific (Asia Miles)
    • Choice Hotels (Choice Privileges)
    • Etihad Airways (Etihad Guest)
    • Finnair (Finnair Plus)
    • Qantas (Qantas Frequent Flyer)
    • TAP Air Portugal (Miles&Go)
    • Wyndham Rewards

    Meanwhile, transfers to the following partners will require 2 Venture miles for 1.5 airline miles:

    • Air Canada (Aeroplan)
    • Air France KLM (Flying Blue)
    • Alitalia (MilleMiglia Program)
    • British Airways (Avios)
    • EVA Air (Infinity MileageLands)
    • JetBlue (TrueBlue)
    • Turkish Airlines (Miles&Smiles)

    Finally, there’s a 2:1 transfer rate with these partners:

    • Accor Live Limitless (ALL)
    • Emirates (Skywards)
    • Singapore (KrisFlyer Program)

  • 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.

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

  • Rewards rate

    The Capital One Venture Rewards Credit Card offers a straightforward approach to earning rewards: 2 miles per dollar on every purchase, every day. However, there are a number of credit cards that offer higher rewards rates in popular spending categories, like travel, dining and gas.

  • Annual fee

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

  • 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
15.99% - 22.99% Variable
$95
5X points on travel purchased through Chase Ultimate Rewards®, 3X points on
  • Our best offer ever! Earn 100,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,250 when you redeem through Chase Ultimate Rewards®.
  • Enjoy new benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5X points on travel purchased through Chase Ultimate Rewards®, 3X points on dining and 2X points 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, 100,000 points are worth $1,250 toward travel.
  • With Pay Yourself BackSM, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one year with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
  • Get up to $60 back on an eligible Peloton Digital or All-Access Membership through 12/31/2021, and get full access to their workout library through the Peloton app, including cardio, running, strength, yoga, and more. Take classes using a phone, tablet, or TV. No fitness equipment is required.
750 850

How Does LendingTree Get Paid?

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

 

If the low-miles-earning potential on everyday purchases and lack of perks of the Capital One Venture Rewards Credit Card isn’t what you’re looking for in a travel rewards card, then the Chase Sapphire Preferred® Card may be a better option.

Chase Sapphire Preferred® Card cardholders earn 5X points on travel purchased through Chase Ultimate Rewards®, 3X points on dining and 2X points on all other travel purchases. That’s pretty close to what you earn on the Capital One Venture Rewards Credit Card.

But what makes the Chase Sapphire Preferred® Card stand out is that points are worth 25% more when you redeem them for travel at Chase Ultimate Rewards.

Additionally, the Chase Sapphire Preferred® Card offers the following sign-up bonus: Our best offer ever! Earn 100,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,250 when you redeem through Chase Ultimate Rewards®.

The Capital One Venture Rewards Credit Card’s sign-up bonus is worth $1,000; however, that’s only if you max out the $20,000 spend requirement in the first year of card membership. If you reach the lower, $3,000 spend requirement in the first three months, the bonus is only worth $500.

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. This allows you to top off any miles or points you already have in your chosen loyalty program.

The Chase Sapphire Preferred® Card has 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 emergency assistance services 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 60,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $600 in travel Our best offer ever! Earn 100,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,250 when you redeem through Chase Ultimate Rewards®. Only Discover will automatically match 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 5X points on travel purchased through Chase Ultimate Rewards®, 3X points on dining and 2X points 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
Annual Fee
$95 $95 $0 $0
Intro Purchase APR
N/A N/A 0% Intro APR for 14 months 0% intro on purchases for 12 months
Regular APR
15.99% - 23.99% (Variable) 15.99% - 22.99% Variable 11.99% - 22.99% Variable APR 14.99% - 24.99% (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 all 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 flat rewards, plus the ability to apply your rewards to offset charges with the Purchase Eraser, and don’t care about having a lot of travel perks, then the Capital One Venture Rewards Credit Card is your card.

But if you spend more on travel and dining, want to get more value for the points you earn for travel and have access to more benefits, then go with the Chase Sapphire Preferred® Card.

Apply Now
on Capital One's secure site