Home » Credit Card Reviews » Capital One Venture Rewards Credit Card Review

Capital One Venture Rewards Credit Card Review

*Editorial Note: This content is not provided or commissioned by the credit card issuer. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and 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.

This article was last updated Aug 14, 2018, but some terms and conditions may have changed or are no longer available. For the most accurate and up to date information please consult the terms and conditions found on the issuer website.

Who the card is best for

The Capital One® Venture® Rewards Credit Card is best suited for people who spend over $12,668 a year or more. Here’s why: when you hit $4,750 a year, you will recoup the annual fee. Then, once you spend $12,668, you will have earned 15,836 miles. This number is significant because it surpasses the 15,835 miles you would earn if you had the Capital One® VentureOne® Rewards Credit Card. Those who spend less than $12,668 a year may be better of with the Capital One® VentureOne® Rewards Credit Card.

The foreign transaction fee is none, so those who travel abroad don’t have to worry about the typical 2 – 5 percent fee other cards charge.

Capital One® Venture® Rewards Credit Card

 

Rated 4.5/5 stars by our editorial team

Click the stars to submit your rating.

Thanks for rating!

Your Rating:

3.8/5.0 from 411 Offer Ratings
Over the Past 60 Days!

  • 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

  • 2 Miles per dollar on every purchase, every day

  • Earn unlimited 10x miles on hotels when you pay with your Venture card at hotels.com/venture

Highlights
  • 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; 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
  • 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

See additional details for Capital One® Venture® Rewards Credit Card

More Info

Where this card stands out in its category

This card has a great rewards rate: 2 Miles per dollar on every purchase, every day. This is the highest flat-rate rewards for a travel card in the CompareCards database. Some other travel cards only offer a high rate on select purchases like travel or dining, but not the Capital One® Venture® Rewards Credit Card — you earn 2 Miles per dollar on every purchase, every day.

Where this card falls short in its category

This card does have an annual fee of $0 intro for first year; $95 after that. And although this is one of the lowest fees for travel rewards cards, you can find cards with no fee like the Bank of America® Travel Rewards credit card - 25,000 Bonus Points Offer — but be aware the rewards rate may be lower. There is also no 0% intro APR period, which is typical of travel rewards cards, but there are cards in the market that offer intro periods such as the Discover it® Miles with 0% for 14 Months on purchases and 10.99% for 14 Months on balance transfers (13.74% - 24.74% Variable APR, thereafter).

Additional card benefits

The Capital One® Venture® Rewards Credit Card offers numerous additional card benefits since it is a Visa Signature® card:

  • Visa Signature® Concierge: Access to 24/7 representatives available to assist you with a variety of concerns and requests such as finding tickets and booking travel, whether you’re at home or traveling.*
  • Visa Signature® Luxury Hotel Collection: With over 900 properties, the Visa Signature® Luxury Hotel Collection offers access to premium benefits.*
  • Fine Wine & Food: You can attend special dining and wine experiences, receive discounts or complimentary wine tastings at select places.*
  • Lost luggage reimbursement: Your checked or carry-on luggage is covered up to $3,000 if lost or stolen.*
  • Travel accident insurance: You can receive coverage for select accidents when you pay for your travel with your card.*
  • Travel and Emergency Assistance Services: Representatives are available to assist you with finding medical, legal, and travel services.*
  • Roadside Dispatch®: Don’t worry if you get a flat or need a jump, towing and locksmith referral services are available 24/7 in the U.S. and Canada.*

* Certain restrictions, limitations, and exclusions apply

How to use it most effectively

Use this card for all spending to enjoy the great rewards rate — 2 Miles per dollar on every purchase, every day. This allows you to accumulate miles quicker, and as a result be closer to paying for travel with your miles. When traveling abroad, this is a good card to use since the foreign transaction fee is none. To increase your miles early on, fulfill the requirements of the New Cardmember Offer: 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.

Rewards breakdown

The Capital One® Venture® Rewards Credit Card allows you to earn 2 Miles per dollar on every purchase, every day. Miles can be redeemed as a statement credit towards the cost of travel expenses via Purchase Eraser®, to book new travel on the Rewards Center, or for a check, account credit, gift card and more. Travel purchases eligible for Purchase Eraser® include: airlines, hotels, rail lines, car rental agencies, limousine services, bus lines, cruise lines, taxi cabs, travel agents and time shares. Be aware that redemptions must be made within 90 days from the date your travel purchase posts to your account. There is 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.

Compare it with the Capital One® VentureOne® Rewards Credit Card

Capital One offers two similar cards: the Capital One® Venture® Rewards Credit Card and the Capital One® VentureOne® Rewards Credit Card. These cards share more than a similar name, they both are great for traveling abroad and offer the same Visa Signature® perks. However, they differ in rewards rate and annual fee.

Capital One® VentureOne® Rewards Credit Card

 

Rated 5/5 stars by our editorial team

Click the stars to submit your rating.

Thanks for rating!

Your Rating:

4.4/5.0 from 469 Offer Ratings
Over the Past 60 Days!

  • 1.25 Miles per dollar on every purchase, every day

  • 0% intro on purchases for 12 months

  • 13.74% - 23.74% (Variable)

Highlights
  • Enjoy a one-time bonus of 20,000 miles once you spend $1,000 on purchases within 3 months from account opening, equal to $200 in travel
  • Earn 1.25X miles on every purchase, every day and pay no annual fee. Plus earn 10X miles on thousands of hotels; learn more at hotels.com/venture
  • Fly any airline, stay at any hotel, anytime
  • Enjoy a low intro APR on purchases for 12 months; 13.74%-23.74% variable APR after that
  • Travel when you want with no blackout dates
  • No foreign transaction fees
  • Miles won't expire for the life of the account and there's no limit to how many you can earn

See additional details for Capital One® VentureOne® Rewards Credit Card

More Info

If you want to avoid an annual fee, the Capital One® VentureOne® Rewards Credit Card is a better choice with an annual fee of $0. This is compared to the Capital One® Venture® Rewards Credit Card with a $0 intro for first year; $95 after that annual fee.

Keep in mind that while the Capital One® VentureOne® Rewards Credit Card has a $0 annual fee, you earn less miles per dollar than the Capital One® Venture® Rewards Credit Card. This is a good point to consider when deciding which card to apply for. If you spend $12,668 or more a year, you will be better with the Capital One® Venture® Rewards Credit Card because this is where it starts to earn more miles than the Capital One® VentureOne® Rewards Credit Card — this number factors in the annual fee charged after year one. Here’s a breakdown of the key features of each card:

Capital One® Venture® Rewards Credit Card Capital One® VentureOne® Rewards Credit Card
Annual Fee $0 intro for first year; $95 after that $0
Purchase Intro Rate N/A 0% intro on purchases for 12 months
Balance Transfer Intro Rate N/A N/A
Balance Transfer Fee $0 $0
Regular Purchase APR 14.74% - 24.74% (Variable) 13.74% - 23.74% (Variable)
Rewards 2 Miles per dollar on every purchase, every day 1.25 Miles per dollar on every purchase, every day
New Cardmember Offer 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 One-time bonus of 20,000 miles once you spend $1,000 on purchases within 3 months of account opening, equal to $200 in travel
Foreign Transaction Fee None None

Bottom Line

The Capital One® Venture® Rewards Credit Card is a great choice for travelers who spend more than $12,668 a year. This card will earn you the highest flat-rate on the market and you can benefit from Visa Signature® perks.


Recommended Posts:

Bank of America Premium Rewards Credit Card Review

The Bank of America® Premium Rewards® credit card targets those who like to travel and dine out regularly.  The reward is pretty simple — 2 points for every $1 spent on travel and dining purchases, 1.5 points per $1 spent on all other purchases. The card comes with a $95 annual fee. And new cardmembers get 50,000 bonus points – a $500 value – after you make at least $3,000 in purchases in the first 90 days of account opening. Where this card stands out in its category Despite a $95 annual fee, the benefits of the Bank of America® Premium Rewards® credit card more than cover it. You […]

Read More

Capital One QuicksilverOne Credit Card Review

Capital One® QuicksilverOne® Cash Rewards Credit Card

 

Rated 4/5 stars by our editorial team

Click the stars to submit your rating.

Thanks for rating!

Your Rating:

3.9/5.0 from 23 Offer Ratings
Over the Past 60 Days!

  • Unlimited 1.5% Cash Back

  • No rotating categories, cash back won't expire for the life of the account and no limit to how much you can earn

  • 24.99% (Variable)

Highlights
  • Earn unlimited 1.5% cash back on every purchase, every day
  • Earn cash rewards without signing up for rotating categories
  • Get access to a higher credit line after making your first 5 monthly payments on time
  • Monitor your credit profile with the CreditWise® app, free for everyone
  • $0 fraud liability if your card is ever lost or stolen
  • No limit to how much cash back you can earn, and cash back doesn't expire for the life of the account
  • Help strengthen your credit for the future with responsible card use
  • Get customized alerts and manage your account with the Capital One mobile app

See additional details for Capital One® QuicksilverOne® Cash Rewards Credit Card

More Info

It’s hard to see any downsides with the Capital One® QuicksilverOne® Cash Rewards Credit Card for those with average/fair/limited credit. Other cards for those with limited credit may require a deposit — this one doesn’t. If you’re trying to rebuild your credit, this card is a good option. The card’s reasonable $39 annual fee is another big plus. And […]

Read More