Credit Card Review
Capital One® Venture® Rewards Credit Card
In a Nutshell:
Our Editor’s Choice travel rewards card combining a best-in-class miles rewards rate, simple, flexible rewards redemption, 40K intro bonus miles (equivalent to $400 in travel), no blackout dates, restrictions or foreign transaction fees
13.99% - 23.99% (Variable)
Enjoy a one-time bonus of 40,000 miles once you spend $3,000 on purchases within the first 3 months, equal to $400 in travel
$0 intro for first year; $59 after that
The Capital One® Venture® Rewards Credit Card combines best in class travel rewards (at $2 in rewards value for every $100 you spend) with total flexibility on how and where you use your rewards, resulting in a top place finish in our travel card comparison.
The key words for this card are plus rewards value and flexibility. Value in the sense that you earn at such a high rewards rate per dollar spent. Flexibility in the sense that you earn that 2X rate on all purchases, not just what you spend on travel (like some cards, which have different tiers, resulting in confusion), and in the fact that you can spend those miles on any airline at any time. You can also convert the rewards into hotel points, car rental points, or even cash.
Finally, the card is currently offering a bonus of 40,000 miles once you spend $3,000 using it in the first 3 months. That’s sizeable, amounting to $400 in additional value based on our conservative calculations. If you generally spend about $1,000 a month on your credit cards, than that can be viewed as a $400 opening gift for doing what you would have done anyway. Not bad.
Unlike many airline-branded miles rewards cards, the Capital One® Venture®Rewards Credit Card does not restrict you to using your miles earned on any particular airline. Possibly the best feature of the card is the fact that there are no catches attached to the miles. You can truly redeem them on any airline. You can book at one of the popular flight search engines, find the best value, then use your rewards to pay for all or even part of the ticket cost. You also don’t have to worry about blackout dates. You can use your miles on any available flight, 365 days a year.
There is a $59 annual fee, but it it is waived the first year.
Capital One® Venture® Rewards Credit Card is also a great card to use when you are actually on the road since it doesn't charge any foreign transaction fees. Many cards will hit users with large fees, sometimes as much as 3% of the purchase, for using the card abroad. Not only will the Venture Rewards card not charge foreign transaction fees, you will still earn the 2X miles when you make purchases using the card abroad. One thing to be aware of though is the fact that the Venture Rewards card does charge an annual fee of $59, although this fee is waived during the first year you have the card.
In summary, we strongly recommend the Capital One® Venture® Rewards Credit Card, ranking it highest in our travel card comparison. It’s combination of high miles per dollar rewards rate, flexibility on how you can redeem the miles earned, generous $400 value intro bonus, and ancillary benefits make it the best in class travel rewards card.
- Enjoy a one-time bonus of 40,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $400 in travel
- Earn unlimited 2X miles per dollar on every purchase, every day
- Fly any airline, stay at any hotel, anytime
- Travel when you want with no blackout dates
- 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; $59 after that
- Get a metal Venture Card when you apply today
- Early Spend Bonus
- Rewards Base
- Annual Fee
- Foreign Transaction Fee
Fees and APR
- $0 intro for first year; $59 after that
- Purchase APR: 13.99% - 23.99% (Variable)
- Balance Transfers: 13.99% - 23.99% (Variable)
- Terms and Conditions
This content is not provided by Capital One. Any opinions, analyses, reviews or recommendations expressed here are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Capital One.