Capital One® Venture® Rewards Credit Card

Sarah Priestley  in  Travel Advertising Disclosure
Capital One Image

Recommended Credit Score

Good to Excellent (670 - 850)

A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.

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Best for travel

Annual Fee:
$0 intro for first year; $95 after that
Purchase Intro APR:
N/A
Balance Transfer Intro APR:
N/A
Regular APR:
17.99% - 25.24% (Variable)
Terms and Restrictions Apply
Bankrate Score: 91 out of 100

Commonly used for: Excellent Credit, No Foreign Transaction Fees, Rewards, Sign-up Bonus, Travel.

Score Breakdown

Bankrate Score

91 out of 100
95
Annual Fee:
$0 intro annual fee for the first year; $95 after that.
100
Foreign Transaction Fee:
No foreign transaction fees.
96
Rewards:
Earn 2X miles on every purchase, every day. Plus earn 10X miles on thousands of hotels; learn more at hotels.com/venture.
96
Intro Bonus:
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.
80
Perks:
Fly any airline, stay at any hotel, anytime; no blackout dates. Plus transfer your miles to over 12 leading travel loyalty programs. Miles won't expire for the life of the account and there's no limit to how many you can earn
60
Annual Credits/Bonuses:
Receive up to $100 application fee credit for Global Entry or TSA Pre✓®

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).

Review

If you’re looking at a travel rewards credit card and it doesn’t come with a generous sign-up bonus, look elsewhere. The Capital One Venture just announced a new offer allowing cardholders to earn a 50,000-mile bonus after spending $3,000 in the first three months of account opening. Capital One is also forming new partnerships with multiple airline travel loyalty programs. Coming soon, cardholders will be able to transfer miles at favorable rates to their favorite airline, which makes your miles go further.

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.

Advantages
  • There’s a sizeable welcome bonus of 50,000 miles after you spend $3,000 within the first three months of card ownership.
  • Unlimited travel rewards at 2x miles on every purchase, plus 10x miles on eligible hotel.com/venture purchases through January 2020.
  • 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.
Disadvantages
  • 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 17.99% to 25.24% Variable

How to use points and get perks

Redeeming your reward miles is simple and doesn’t cost a thing. If you book your travel through Capital One, you can redeem miles automatically.  Otherwise, a travel credit can be earned by using the “Purchase Eraser” to reward travel expenses made outside of the Capital One portal. We’ve put together important information on how to fully utilize the travel potential of the Capital One Venture Rewards card, found in our Capital One Miles guide.

If you enjoy the VIP treatment, this card has your leisure time covered.  You can qualify for premium travel upgrades and trip packages– cardholders get pre-sale offers to major sporting and entertainment events, and exclusive offers to tickets to Capital One sponsored dining experiences.

For peace of mind, Capital One offers travel accident insurance and auto rental collision insurance during your trip, and fraud protection and mobile security alerts just in case anything threatens to ruin your vacation.