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Capital One Venture Rewards Credit Card review: A streamlined travel rewards experience

Perfect for streamlined rewards from all of your spending.

 /  15 min
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Bankrate rating
Rating: 4.9 stars out of 5

Bottom line

Even when you’re not traveling, the boosted miles on all spending carry a 1:1 value through most transfer partners, making this a top pick if you want to earn easy-to-manage travel rewards on purchases.

Limited Time Offer
Best for travel rewards on everyday spending
  • Rewards value
    Rating: 4.3 stars out of 5
    4.3 / 5
    Rating: 4 stars out of 5
    4 / 5
    Rewards flexibility
    Rating: 5 stars out of 5
    5 / 5
    Rating: 3 stars out of 5
    3 / 5
Good to Excellent (670 – 850)
Recommended Credit

Earn 75,000 miles

Intro offer



Offer valuation


2 Miles - 5 Miles

Rewards rate



Annual fee

19.99% - 29.99% (Variable)

Regular APR

Capital One Venture Rewards Credit Card Overview

The Capital One Venture earns an unlimited 2X miles on all purchases, making it a great fit for occasional travelers who can’t take full advantage of a high rewards rate on travel purchases. 

You can redeem miles for any recent past travel-related purchase (such as vacation rentals, flights with any airline, hotels, rental cars, cruises, and more) and you’ll receive a statement credit in the amount of your redemption. This is a standout feature that you won’t find with co-branded travel cards that may restrict you to specific airlines or hotel brands: You’ll have extra time to accumulate rewards after your purchase, and don’t need to redeem for the full amount.

But despite its value as a great everyday card, the Venture card lacks the extra travel perks available on some competing cards. Frequent travelers may find a card with better travel benefits more valuable.

  • Credit Card Cash Back


    • Earn 5X miles per dollar on hotels and rental cars booked through Capital One Travel
    • Earn 2X miles per dollar on all other purchases

    Expert Appraisal: Good
    See our expert analysis

  • Rewards

    Welcome offer

    • (Limited-time offer) Enjoy $250 to use on Capital One Travel in your first cardholder year, plus earn 75,000 bonus miles once you spend $4,000 on purchases within the first three months from account opening - that’s equal to $1,000 in travel

    Expert Appraisal: Typical
    See our expert analysis

  • Credit Card Search

    Rates and fees

    • APR: 19.99 percent to 29.99 percent (variable)
    • Annual fee: $95
    • Balance transfer fee: $0 at the transfer APR, 4 percent of the amount of each transferred balance that posts to your account at a promotional APR that Capital One may offer to you
    • Cash advance fee: The greater of $5 or 5 percent of each cash advance
    • (See Rates & Fees)

    Expert Appraisal: Typical
    See our expert analysis

  • Congrats

    Other cardholder perks

    • MasterRental Insurance*
    • Up to $100 Global Entry or TSA PreCheck credit
    • Lifestyle Collection credit
    • Lost or Damaged Luggage* 
    • Capital One Eno assistant
    • Trip Cancellation/Interruption Coverage*

    Expert Appraisal: Good
    See our expert analysis

Capital One Venture Rewards Credit Card pros and cons


  • Checkmark

    The card earns unlimited flat-rate travel miles on all purchases, making it a simple option for a standalone card.

  • Checkmark

    Ideal card for purchases overseas.

  • Checkmark

    It offers solid benefits and has flexible redemption options.


  • Unlike the Capital One Venture X card's fee, you can’t offset the annual fee with annual travel credits or bonus miles.

  • Miles are worth 1 cent or less unless you use select airline transfer programs, which can limit your overall earning potential.

  • You can earn more rewards from other cards with more varied bonus categories.

Why you might want the Capital One Venture Rewards Credit Card

The Capital One Venture Rewards card offers an outstanding balance of flexibility and rewards value as a general travel card. It’s an ideal pick for occasional travelers who aren’t dedicated to one airline and want to use rewards from their everyday spending to fund their next trip. 

Rewards rate: Solid, flat-rate cash back for every purchase

The Capital One Venture earns flat-rate rewards, meaning it earns unlimited Capital One miles at the same rate on all purchases. It also earns a boosted rewards rate on hotels and rental cars you book using Capital One Travel.

Most other travel credit cards earn rewards primarily from travel-related spending, like airfare and hotel purchases. But the Venture card’s flat-rate approach and the Capital One Travel portal make it easy to earn and redeem travel miles without sacrificing top-tier rewards value. 

Other cards may offer higher rewards rates in specific categories but if you frequently make purchases not in staple rewards categories like groceries, dining, gas or streaming subscriptions, then a flat-rate card like the Capital One Venture can help you get a nice sum of rewards compared to other cards.

Redemptions: Miles are flexible and valuable for bookings or transfers

Capital One provides more redemption options than many competitors, including a comprehensive list of 1:1 transfer partners and the option to use miles to cover outside travel purchases. Your miles don’t expire for the life of your account and there are no blackout dates, so you’d be better off saving them for a rainy day than cashing them in for a half-sized check. You can also combine miles with other Capital One cards or transfer them to a friend or family member, offering even more flexibility.

Based on Bankrate's latest credit card point valuations, Capital One miles could be worth around 1.7 cents each on average when you transfer to a top airline or hotel travel partner, making that a potentially more lucrative option. However, if the transfer partner list or travel portal doesn’t meet your needs, you can shop externally and cover the cost with miles you redeem as a statement credit. You can apply any amount of miles to recent past travel purchases, allowing you time to accumulate more rewards to cover the purchase and flexibility if you can’t cover the entire purchase. Miles redeemed this way are worth 1 cent a piece, however.

Why you might want a different travel card

The Capital One Venture Rewards credit card offers a nice blend of value and convenience for cardholders, but it has some shortcomings compared to other rewards cards. 

Welcome offer: Steep spending requirement

For a limited time, new cardholders can enjoy $250 to use on Capital One Travel in their first cardholder year, plus earn a one-time bonus of 75,000 miles after spending $4,000 on purchases within three months of account opening. This bonus is worth up to $1,000 in travel redemptions when you book travel through the Capital One Travel portal. However, according to Bankrate's estimations which values Capital One miles at about 1.7 cents each, the total bonus value with the $250 credit could be around $1,525.

The new limited-time offer adds a $250 credit to the previous 75,000-mile bonus with no additional spending requirement, but the original spending requirement can still be high for some cardholders. Also, the new bonus still does not match the card’s highest offer (100,000 miles after spending $20,000 in your first year). However, there's no telling if or when Capital One will offer such a high bonus again, so the $250 credit makes now a great time to apply.

Yearly perks: Lacks annual bonus miles

The Venture Rewards card carries consistent purchase value with its flat-rate rewards, but it fails to deliver on yearly perks and credits that bring additional value.

For instance, the Chase Sapphire Preferred® card has a $50 annual hotel stay credit and a 10 percent anniversary point bonus. With this benefit, Chase will reward you on each account anniversary with 10 percent of the points you redeemed in the previous year. Other travel cards like the Delta SkyMiles® Gold American Express Card also has annual benefits that can offset their respective annual fees.

These cards could be better choices for you if you are looking for a reliable way to offset the fees that usually accompany traveling. However, you’ll want to review those cards’ details before deciding what works best for you.

First-year value vs. ongoing value

Given its small list of perks, it’s clear this card’s key value comes from its travel rewards program. If you’re more of a “show me the money” type, the only ongoing Venture card features with clear monetary value are the $50 Lifestyle Collection hotel stay experience credit and the up to $100 application fee credit you’ll receive every four years for TSA PreCheck or Global Entry.

That means you’ll have to rely primarily on rewards spending each year to make up for the $95 annual fee. Here’s a look at what you’d have to spend in a given category each year to offset the annual fee:

  • 2X miles flat-rate spending: at least $4,752 per year if you get a 1-cent-per-mile redemption value ($2,794 if transferring miles, assuming an average mile value of 1.7 cents per mile)
  • 5X miles on hotel and rental car booked through Capital One Travel: at least $1,900 per year ($1,117 if transferring miles, assuming an average mile value of 1.7 cents per mile)

Some competing cards in the Venture’s class provide more benefit value to offset annual fees. But depending on your spending habits, the $95 may not be much of a concern, especially if you plan to transfer miles for an average of 1.7 cents per mile (Bankrate’s current valuation). And the 75,000-mile sign-up bonus is enough to cover the annual fee for at least seven years, even if you only get 1 cent per mile in redemption value.

Here’s a look at the first year and ongoing value you should expect based on a 1-cent-per-mile redemption value:

Benefits and Costs First-year value Ongoing value (no welcome offers)
Yearly rewards* +$327 +$327
Welcome offers +$1,000 value ($250 plus earn 75,000 bonus miles after spending $4,000 during the first three months)
Perks (of monetary value)
  • +$25 (up to $100 application fee credit for Global Entry or TSA PreCheck every four years)

  • +$50 (experience credit for eligible Lifestyle Collection hotel stays)
  • +$25 (up to $100 application fee credit for Global Entry or TSA PreCheck every four years)

  • +$50 (experience credit for eligible Lifestyle Collection hotel stays)
Annual fee -$95 (See Rates & Fees) -$95 (See Rates & Fees)
Total value $1,307 $307

*Based on our formula used to calculate each card’s average rewards rates and average ongoing rewards value, using Bureau of Labor Statistics spending data and an assumed $15,900 yearly spend over three years ($1,325 per month).

We tried it: Here’s what our experts say

Frequent Bankrate contributor Jacqueline DeMarco loves the Capital One Venture card for its streamlined rewards experience and has been collecting miles with it for the past seven years.

“I don’t enjoy figuring out which spending categories will generate the most credit card rewards. With the Capital One Venture, I was attracted to the simplicity of earning unlimited 2X miles on all purchases. For this reason, I use my Capital One Venture for most major purchases over $100, whether it’s to upgrade a phone, buy clothes or do some holiday shopping. If I charge $1,500 in a month, I know that I’ll earn 3,000 Capital One miles. It’s an uncomplicated calculation.”
“In the end, even with a $95 annual fee, my Capital One Venture Rewards Credit Card is a bargain. This card gives me options, including flat-rate rewards, flexible flights and numerous protections.”

— Jacqueline DeMarco
Personal finance writer

See Rates & Fees

How the Capital One Venture compares to other travel cards

The Venture card is popular thanks to its ease of use and simple reward structure. However, if you like to maximize your credit card rewards with strategic spending then you may be better served with another card.

Image of Capital One Venture Rewards Credit Card
Bankrate Score
See Rates & Fees , Terms Apply
Apply now Lock
on Capital One's secure site

Annual fee


Intro offer

Earn 75,000 miles

Rewards rate

2 Miles - 5 Miles

Recommended Credit Score

Good to Excellent (670 – 850)
Image of Chase Sapphire Preferred® Card
Bankrate Score
Apply now Lock
on Chase's secure site

Annual fee


Intro offer

60,000 bonus points

Rewards rate

1x - 5x

Recommended Credit Score

Good to Excellent (670 – 850)
Image of Capital One VentureOne Rewards Credit Card
Bankrate Score
See Rates & Fees , Terms Apply
Apply now Lock
on Capital One's secure site

Annual fee


Intro offer

20,000 miles

Rewards rate

1.25 Miles - 5 Miles

Recommended Credit Score

Good to Excellent (670 – 850)
Bankrate Insight

If you’ve discovered that the Venture card is worth its annual fee, you should also consider the Capital One Venture X card. Although its annual fee may seem more intimidating, its yearly statement credits on Capital One Travel purchases and account anniversary bonus completely offset the annual fee.

Best cards to pair with the Capital One Venture

Flat-rate rewards cards generally pair best with category rewards cards that align with your biggest expenses.

Who is the Capital One Venture right for?

The Capital One Venture offers plenty to love if you’re looking for a simple travel rewards card. Consider the card if you’d label yourself one of the following.

Bankrate’s Take — Is the Capital One Venture worth it?

The Capital One Venture Rewards Credit Card is convenient if you prefer simple flat-rate rewards or don’t spend enough on travel to justify a bonus category card or high annual fee premium travel card. 

The rewards and benefits aren’t as great as the specialized features of a card like the Chase Sapphire Preferred, and if you spend more than $300 on Capital One travel bookings each year, it may be worth upgrading to the Venture X due to its extra benefits and rewards potential, which can make it easy to offset the higher annual fee.

*For Capital One products listed on this page, some of the benefits may be provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.

How we rated this card

cards rated
rewards programs valued
data points analyzed
Credit Card Reviews
perks evaluated

We rate credit cards using a proprietary card scoring system that ranks each card’s estimated average rewards rate, estimated annual earnings, welcome bonus value, APR, fees, perks and more against those of other cards in its primary category.

Each card feature is assigned a weighting based on how important it is to people looking for a card in a given category. These features are then scored based on how they rank relative to the features on other cards in the category. Based on these calculations, each card receives an overall rating of 1-5 stars (with 5 being the highest possible score and 1 being the lowest).

We analyzed over 150 of the most popular rewards and cash back cards to determine where each stacked up based on their value, cost, benefits and more. Here are some of the key factors that influenced this card’s overall score and how the score influenced our review:

Frequently asked questions

Written by
Garrett Yarbrough
Writer, Credit Cards
Bankrate expert Garrett Yarbrough strives to make navigating credit cards and credit building smooth sailing for his readers. After regularly featuring his credit card, credit monitoring and identity theft analysis on, he joined the and Bankrate teams as a staff writer to develop product reviews and comprehensive credit card guides focused on cash back, credit scores and card offers.
Edited by Senior Editor, Credit Cards
Reviewed by
Itzel Garcia Ruiz

* See the online application for details about terms and conditions for these offers. Every reasonable effort has been made to maintain accurate information. However all credit card information is presented without warranty. After you click on the offer you desire you will be directed to the credit card issuer's web site where you can review the terms and conditions for your selected offer.

Editorial Disclosure: Opinions expressed here are the author's alone, and have not been reviewed or approved by any advertiser. The information, including card rates and fees, is accurate as of the publish date. All products or services are presented without warranty. Check the bank’s website for the most current information.