Capital One® Venture® Rewards Credit Card

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Flexible redemptions, no cap on rewards and no annual fee for the first year? Yes, please.

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Put simply, the Capital One Venture Rewards Credit Card is one of the best travel rewards credit cards on the market today. It’s made better by its modest annual fee, which the issuer will waive during the first year of card ownership.

This is a good card for you if you’re a frequent traveler, but not necessarily a road warrior (there are other cards that are better for this group).


If you’re looking at a travel rewards credit card and it doesn’t come with a generous sign-up bonus, look elsewhere. That’s not a problem here, as the Venture Rewards card offers a huge mileage bonus equal to $500 in benefits if you spend enough within the first three months.

But the plusses don’t stop there, as cardholders will earn 2 miles for every dollar spent on anything. And redemption is a snap as there are no blackout dates or restrictions; miles can be redeemed for any travel expense.

The issuer recently boosted the annual fee from $59 to $95 (waived the first year), but also increased the sign-up bonus. Even with the increased annual fee, this card has tremendous value.

Who should get this card

The Capital One Venture rewards card is a great addition to any frequent traveler’s credit card collection. At a rate of 2 rewards points for every dollar spent — with no cap on earnings, this card could be a good choice for earning travel rewards.

  • There’s a sizeable bonus of 50,000 miles after you spend $3,000 within the first three months of card ownership.
  • Unlimited travel rewards at 2 miles-per-dollar never expire. Every 100 miles can be redeemed for $1 worth of rewards.
  • Rewards are flexible and can be redeemed at any airline, hotel or rental car.
  • Rewards can be redeemed on discount travel sites.
  • There are no foreign transaction fees — a must for any good travel card.
  • You have to make your travel purchase first and then redeem your rewards as a credit on your statement. Some other rewards programs allow you to use your rewards directly to make the purchase.
  • The mileage credits have to be redeemed within 90 days of making your travel purchase.
  • There are other rewards cards without any annual fees.

Fees and APR

  • The annual fee is $95, waived the first year.
  • This card carries no foreign transaction fee, a must for any cardholder who plans to travel overseas.
  • The annual percentage rate is 14.74% to 24.74% Variable

How to use points and get perks

You can redeem your awards miles by booking your travel directly through Capital One. The other way is to use the “Purchase Eraser” to receive a credit for travel you booked another way. Once you’ve paid for your travel with your Capital One Venture card, you can redeem your miles for a statement credit.

There’s no fee to redeem your miles.

Other perks of the card include Visa Signature benefits like travel upgrades and savings, car rental collision insurance, extended warranty protection, and concierge services.

How this card compares

Capital One® Quicksilver® Card – 0% Intro APR for 15 Months
  • One-time $150 cash bonus after you spend $500 on purchases within 3 months from account opening
  • Earn unlimited 1.5% cash back on every purchase, every day
  • No rotating categories or sign-ups needed to earn cash rewards; plus, cash back won't expire for the life of the account and there's no limit to how much you can earn
  • 0% intro APR on purchases for 15 months; 14.74%-24.74% variable APR after that
  • 0% intro APR on balance transfers for 15 months; 14.74%-24.74% variable APR after that; 3% fee on the amounts transferred within the first 15 months
  • Pay no annual fee or foreign transaction fees
Credit Needed

Excellent, Good

Regular APR

14.74% - 24.74% (Variable)

Annual Fee


Purchase Intro APR

0% intro on purchases for 15 months

Balance Transfers Intro APR

0% intro on balance transfers for 15 months

The Capital One Quicksilver Cash Rewards Credit Card is simple. And that’s a good thing.

The card’s rewards program is structured so you don’t have to think about whether this is the month that gas station spending pays more or that it’s time to take advantage of warehouse club spending. There’s also no annual fee, so you don’t have to do the math about how much you’ll have to spend to make the card worth it.

Barclaycard Arrival® Plus World Elite Mastercard®
  • Enjoy 60,000 bonus miles after spending $5,000 on purchases in the first 90 days and paying the annual fee
  • Earn unlimited 2X miles on every purchase
  • Book travel your way—no airline, seat or hotel restrictions—and redeem your miles for travel statement credits
  • Get 5% miles back to use toward your next redemption, every time you redeem
  • No foreign transaction fees
  • International Chip and PIN for use at self-service chip terminals around the world
  • Miles don't expire as long as your account is open, active and in good standing
Credit Needed


Regular APR

17.74%, 21.74% or 24.74% variable based on your creditworthiness

Annual Fee


Purchase Intro APR


Balance Transfers Intro APR

0% intro for first 12 billing cycles following each BT that posts within 45 days of account opening

The Barclaycard Arrival Plus World Elite Mastercard has a ton of flexibility. You can use your rewards to book travel on any airline, hotel or cruise ship. You can even take a taxi. Discount travel sites are covered, as well, letting you book your trip your preferred way.

If you’re a globetrotter, road-tripper or wanderer of any type, this card should be in your wallet.


Opinions expressed here are author's alone, not those of any bank, credit card issuer, airlines, or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.