Credit Cards » Credit Card Reviews » Capital One Venture Rewards Credit Card: 2024 Review
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Capital One Venture Rewards Credit Card: 2024 Review

From great flexibility, to having valuable perks for frequent travelers, the Capital one Venture Rewards Credit Card is definitely a worthy contender for anyone looking to add a new card into their wallet.
Author: Lorraine Smithills
Lorraine Smithills

Writer, Contributor

Experience

Lorraine is a freelance finance writer with years of experience in the banking sector and after a successful career in one of the largest retail and commercial financial services providers. She has a passion for helping people with less financial confidence to get control of their money through budgeting, saving, and responsible credit practices.
Interest Rates Last Update: April 15, 2024
The banking product interest rates, including savings, CDs, and money market, are accurate as of this date.
Author: Lorraine Smithills
Lorraine Smithills

Writer, Contributor

Experience

Lorraine is a freelance finance writer with years of experience in the banking sector and after a successful career in one of the largest retail and commercial financial services providers. She has a passion for helping people with less financial confidence to get control of their money through budgeting, saving, and responsible credit practices.
Interest Rates Last Update: April 15, 2024

The banking product interest rates, including savings, CDs, and money market, are accurate as of this date.

We earn a commission from our partner links on this page. It doesn't affect the integrity of our unbiased, independent editorial staff. Transparency is a core value for us, read our advertiser disclosure and how we make money.

Capital One Venture Rewards Credit Card

capital-one-venture

Rewards Plan

2X – 5X 2X miles per dollar on every purchase, plus 5X miles on hotels and rental cars booked through Capital One Travel

Sign up Bonus

75,000 miles 75,000 miles once they spend $4,000 on purchases within 3 months from account opening

Our Rating

4.3
4.3/5

0% Intro

N/A

Annual Fee

$95

APR

19.99% – 29.99% (Variable)

Capital One Venture Rewards Credit Card

capital-one-venture

Rewards Plan

2X – 5X 2X miles per dollar on every purchase, plus 5X miles on hotels and rental cars booked through Capital One Travel

Sign up Bonus

75,000 miles 75,000 miles once they spend $4,000 on purchases within 3 months from account opening

Our Rating

4.3
4.3/5

PROS

CONS

APR

19.99% - 29.99% (Variable)

Annual Fee

$95

0% Intro

N/A

Credit Requirements

Good – Excellent

The Capital One Venture Rewards Credit Card offers the users some great travel perks and a good flat rate on general purchases. Although it doesn’t have the highest earning rates, there are additional travel benefits.

Earning miles with the card is a pretty straightforward affair as you shall be earning 2X miles per dollar on every purchase, plus 5X miles on hotels and rental cars booked through Capital One Travel Also, you won’t pay a transaction fee when making a purchase outside of the United States. Additional benefits include Global Entry or TSA PreCheck® credit up to $100, no foreign transaction fees, and flexible redemption options.

When you initially sign-up for this card, you can enjoy 75,000 miles once they spend $4,000 on purchases within 3 months from account opening However, the card has $95 annual fee – so make sure your spending is enough to get benefits that cover the annual fee.

The card lacks an introductory APR and charges a $95 annual fee, making it less appealing for non-travel spending compared to other cash-back cards. So, if you are an occasional traveler and are looking for a way to rack up some travel miles which you can use on your next trip, then this card is the most ideal. 

How to maximize rewards?

You can do so in a number of ways, such as spending your accumulated miles directly on travel purchases, or redeem as cash, use at participating retailers, and so on.

Why I haven't got approved?

You might not have met all of the requirements. You can enquire as to where your application fell short. If you cannot proceed, you can look at some of the other available options.

What are the top reasons NOT to get it?

If you don’t travel a lot and want a more versatile type of card in terms of rewards for non-travel purchases then the Capital One Venture card might not be for you.

In This Review..

Pros & Cons

Let’s take a look at the pros and cons  of the Venture Rewards card and see if it’s the right one for your wallet or not.

Pros
Cons
Miles Rewards
Annual Fee
Flexible Redemption Options
Airline Partners Limitations
Sign-Up Bonus
Limited Non-Travel Redemption Value
No Blackout/Expiration Dates
Auto Rental Insurance
Travel Benefits

The Capital One Venture Rewards Card is definitely designed to be a travel rewards card, as this is where their redemption options truly shine.

You can get 2X miles per dollar on every purchase, plus 5X miles on hotels and rental cars booked through Capital One Travel

Miles can be easily redeemed for travel through Capital One Travel, transferred to 15+ travel loyalty programs, or applied as a statement credit for eligible travel purchases.

With the Capital One Venture Rewards, the ratio of points used for a statement credit is valued at 1 cent for every point, so 10,000 points are worth a statement credit of $100.

The Capital One Venture Rewards offers a great sign-up bonus of 75,000 miles once they spend $4,000 on purchases within 3 months from account opening

Unlike many other travel rewards card, the Capital one Venture Rewards Card doesn’t restrict cardholders to when and where they can travel throughout the year. 

There are also no expiration dates on miles accumulated as long as the account is open, which is can also be a huge benefit to anyone wanting to rack up the miles to use for a large trip down the road

The card offers auto rental insurance, providing coverage for rental car damages when the full price is charged to the card.

Cardholders enjoy perks such as 24-hour travel assistance, travel accident insurance, extended purchase warranties, and security alerts, enhancing the overall travel experience.

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Rewards Plan:
1X – 5X 5X points on up to $500,000 spent on directly-booked airfare and flights and prepaid hotels booked through American Express Travel (per calendar year), 2X points on prepaid car rentals through American Express Travel and 1X points on all other purchases
Welcome Bonus:
80,000 points 80,000 Membership Rewards® points after you spend $8,000 on purchases on your new Card in your first 6 months of Card Membership

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Rewards Plan:
2X – 6X 6 Marriott Bonvoy points for each dollar of eligible purchases at hotels participating in the Marriott Bonvoy™ program, 3 points at Worldwide restaurants and on flights booked directly with airlines and 2 points on all other eligible purchases
Welcome Bonus:
95,000 points 95,000 Marriott Bonvoy bonus points after you use your new Card to make $6,000 in purchases within the first 6 months of Card Membership

Amex Delta SkyMiles Platinum card

Rewards Plan:
1X – 3X 3X Miles on Delta purchases and purchases made directly with hotels, 2X Miles at restaurants worldwide including takeout and delivery in the U.S., and at U.S. supermarkets and 1X Miles on all other eligible purchases
Welcome Bonus:
50,000 miles 50,000 bonus miles after you spend $3,000 in your first six months
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.
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amex platinum

Rewards Plan:
1X – 5X 5X points on up to $500,000 spent on directly-booked airfare and flights and prepaid hotels booked through American Express Travel (per calendar year), 2X points on prepaid car rentals through American Express Travel and 1X points on all other purchases
Welcome Bonus:
80,000 points 80,000 Membership Rewards® points after you spend $8,000 on purchases on your new Card in your first 6 months of Card Membership

amex brilliant

Rewards Plan:
2X – 6X 6 Marriott Bonvoy points for each dollar of eligible purchases at hotels participating in the Marriott Bonvoy™ program, 3 points at Worldwide restaurants and on flights booked directly with airlines and 2 points on all other eligible purchases
Welcome Bonus:
95,000 points 95,000 Marriott Bonvoy bonus points after you use your new Card to make $6,000 in purchases within the first 6 months of Card Membership

Amex Delta SkyMiles Platinum card

Rewards Plan:
Up to 3x miles 3 miles per $1 spent on United purchases immediately after earning your $125 annual United purchase credit, 2 miles on all other travel and select streaming services, 1 mile on all other purchases
Welcome Bonus:
60,000 miles 60,000 bonus miles + 500 Premier qualifying points (PQP) after you spend $4,000 on purchases in the first 3 months your account is open.
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.

The Venture Rewards Card does have an annual fee of $95 which is something to take into consideration. This fee is higher compared to other credit cards.

The biggest pitfall to the Capital One Venture Rewards is that while it does have +18 airline partners to choose from, none of them are U.S. based airlines, which will limit certain flights available to those looking to fly domestically in the United States.

The value of miles for non-travel redemptions, such as cash back, is less than 1 cent per mile, limiting the overall redemption value.

What Can I Do With Capital One Miles?

Capital One Miles offered various redemption options, including:

  • Travel Purchases: You could use Capital One Miles to cover travel-related expenses, such as flights, hotels, and rental cars, by making a purchase with your Capital One credit card and then redeeming your miles to offset the charges.

  • Cash Back: You could redeem your miles for cash back as a statement credit or a check.

  • Gift Cards: Capital One often allowed the redemption of miles for gift cards from various retailers and restaurants.

  • Shopping: Some cardholders could use their miles to make purchases directly through the Capital One rewards portal, which included a variety of merchandise.

  • Charitable Donations: Some rewards programs allow you to donate your miles to charitable organizations.

  • Transfer to Travel Partners: Capital One Miles could be transferred to various airline and hotel partners. This allowed you to potentially get more value from your miles by using them for specific partner rewards.
Capital One venture x Transfer to Partners - British Airways, Emirates, Choice Privilege
Capital One transfer miles to partners (Screenshot from Capital One app)

How To Apply For Venture Rewards Card?

Visit the Capital One Venture Rewards Credit Card home page, and click on “Apply now”. 

capital one venture application

This takes you to the next page, where you can fill in your “Personal Information” such as your Names, date of birth etc. 

Next is your contact and financial information. Lastly, ensure you read through the important disclosure page to know your eligibility, fees, costs, rates, etc. 

venture card application

Then click on “continue” to complete the process. 

How It Compared To Other Capital One Cards?

The Capital One Venture Rewards Credit Card stands out within the Capital One card lineup, offering a strong travel rewards program for individuals with excellent credit. When compared to other Capital One cards, its key differentiator is the emphasis on travel benefits.

In comparison to the Capital One VentureOne Rewards Credit Card, which has no annual fee but a lower rewards rate, the Venture Rewards Card is better suited for those who spend significantly on travel and desire a higher rewards yield. However, for those seeking a no-annual-fee option, the VentureOne might be more appealing.

In comparison to the Capital One most premium travel card, the Venture X card, the Venture card offers less enticing travel benefits as the Venture X card offer premium perks such as lounge access, statement credits and better travel insurance.

In comparison to everyday spending cards by Capital One, the Capital One Savor and SavorOne Cash Rewards Credit Card caters to individuals who prioritize dining and entertainment, offering higher rewards in those categories.

How It Compared To Other Mid-Tier Travel Cards?

In the mid-tier travel card landscape, cards like the Chase Sapphire Preferred® Card offer similar annual fees but provide additional perks like a 10% anniversary point bonus and a $50 annual hotel credit. The Chase Sapphire Preferred also boasts a strong rewards program with a diverse array of transfer partners.

Compared to its counterparts, the card's no foreign transaction fees and up to $100 Global Entry or TSA PreCheck® credit stand out as advantageous features. However, other cards such as Wells Fargo Autograph or the Citi Premier card may offer higher rewards ratio than the Venture card.

Is the Capital One Venture Rewards Card Right for You?

The Capital one Venture Rewards  Card is a simple, straightforward travel rewards card with a flexible rewards program and hardly any restrictions. If you’re a frequent traveler who isn’t particularly loyal to any one airline or hotel brand, you’ll love the wide variety of options to choose from while enjoying the generous travel perks.

So, if you are an occasional traveler and are looking for a way to rack up some travel miles which you can use on your next trip, then this card is the most ideal. This feature actually justifies its high annual fees that come with the card.

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amex platinum

Rewards Plan:
1X – 5X 5X points on up to $500,000 spent on directly-booked airfare and flights and prepaid hotels booked through American Express Travel (per calendar year), 2X points on prepaid car rentals through American Express Travel and 1X points on all other purchases
Welcome Bonus:
80,000 points 80,000 Membership Rewards® points after you spend $8,000 on purchases on your new Card in your first 6 months of Card Membership

amex brilliant

Rewards Plan:
2X – 6X 6 Marriott Bonvoy points for each dollar of eligible purchases at hotels participating in the Marriott Bonvoy™ program, 3 points at Worldwide restaurants and on flights booked directly with airlines and 2 points on all other eligible purchases
Welcome Bonus:
95,000 points 95,000 Marriott Bonvoy bonus points after you use your new Card to make $6,000 in purchases within the first 6 months of Card Membership

Amex Delta SkyMiles Platinum card

Rewards Plan:
1X – 3X 3X Miles on Delta purchases and purchases made directly with hotels, 2X Miles at restaurants worldwide including takeout and delivery in the U.S., and at U.S. supermarkets and 1X Miles on all other eligible purchases
Welcome Bonus:
50,000 miles 50,000 bonus miles after you spend $3,000 in your first six months
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.
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Amex gold

Rewards Plan:
1X – 4X 4X points at restaurants (including Uber Eats purchases in the U.S.) and U.S. supermarkets (up to $25,000 per year in purchases, then 1X points), 3X points on flights booked directly with airlines or on amextravel.com, 2X points on rental cars through amextravel.com and 1X points on all other purchases
Welcome Bonus:
60,000 points 60,000 Membership Rewards® Points after you spend $6,000 on eligible purchases with your new Card within the first 6 months of Card Membership

upgrade cash rewards

Rewards Plan:
1.5% 1.5% cash back on payments
Welcome Bonus:
$200 Earn a $200 bonus after you open & fund a Rewards Checking Plus account & make 3 debit card transactions within 60 days. If you previously opened a checking account through Upgrade or do not do so as part of this process, you are not eligible. Payout made within 60 days of meeting the conditions.

AMEX Blue Cash Preferred Card review

Rewards Plan:
1-6% 6% cash back at U.S. supermarkets (up to $6,000 per year in purchases, then 1%) and selected U.S. streaming subscriptions, 3% cash back on transit and U.S. gas stations, 1% cash back on other purchases
Welcome Bonus:
$250 $250 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.
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Amex gold

Rewards Plan:
1X – 4X 4X points at restaurants (including Uber Eats purchases in the U.S.) and U.S. supermarkets (up to $25,000 per year in purchases, then 1X points), 3X points on flights booked directly with airlines or on amextravel.com, 2X points on rental cars through amextravel.com and 1X points on all other purchases
Welcome Bonus:
60,000 points 60,000 Membership Rewards® Points after you spend $6,000 on eligible purchases with your new Card within the first 6 months of Card Membership

upgrade cash rewards

Rewards Plan:
1.5% 1.5% cash back on payments
Welcome Bonus:
$200 Earn a $200 bonus after you open & fund a Rewards Checking Plus account & make 3 debit card transactions within 60 days. If you previously opened a checking account through Upgrade or do not do so as part of this process, you are not eligible. Payout made within 60 days of meeting the conditions.

AMEX Blue Cash Preferred Card review

Rewards Plan:
1-6% 6% cash back at U.S. supermarkets (up to $6,000 per year in purchases, then 1%) and selected U.S. streaming subscriptions, 3% cash back on transit and U.S. gas stations, 1% cash back on other purchases
Welcome Bonus:
$250 $250 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.

Compare The Alternatives

There are several other travel-focused credit cards that offer higher travel reward rates and bonuses when signing up. Let’s take a look at them and see if one is better suited for you than the Capital One Venture Rewards card.

Bank of America® travel rewards

capital-one-venture

chase_sapphire_preffered

Bank of America® Travel Rewards credit card
Capital One Venture Rewards Credit Card
Chase Sapphire Preferred® Card
Annual Fee
$0
$95
$95
Rewards
1.5X 1.5 points for every $1 you spend on all purchases everywhere, every time and no expiration on points
2X – 5X 2X miles per dollar on every purchase, plus 5X miles on hotels and rental cars booked through Capital One Travel
2X – 5X 5x total points on travel purchased through Chase Travel, 3x points on dining, online grocery purchases and select streaming services. 2x on other travel purchases. Plus, earn 1 point per dollar spent on all other purchases.
Welcome bonus
25,000 points 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening – which can be redeemed for a $250 statement credit toward travel purchases
75,000 miles
60,000 points 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening
Foreign Transaction Fee
$0
$0
$0
Purchase APR
18.24% – 28.24% Variable APR will apply.
19.99% – 29.99% (Variable)
21.24%–28.24% variable APR

FAQ

Yes, once you refuse the insurance offered by the rental company you will automatically get coverage if you fund the entire purchase through this card. Please review the terms and conditions before to make sure you're covered.

There is no limit in place as to how many miles you are able to earn when using the Capital One Venture card to make purchases.

The Capital One Venture card often required a person’s monthly income to be at least $800. Sometimes, you will need to show some proof of income.

If you spent a decent amount of time and money on travel expenses then the Capital One Venture card could be an ideal fit for your needs.

Compare Capital One Venture Card

The Venture X card outshines the Venture card with superior rewards and premium travel perks. Is It worth the annual fee difference?

Capital One Venture vs. Venture X: How They Compare?

If you're looking for travel rewards, it's an easy decision. But what about if you're looking to get rewards on everyday spending?

Capital One Venture vs Capital One Quicksilver: Which Card Wins?

While the Chase Sapphire Preferred Card has more benefits, the Capital One Venture card offers unique features. Which travel card is better?

Capital One Venture vs Chase Sapphire Preferred: Which Card Is Best?

While Amex Gold Card offers statements credits and everyday spending benefits, the Venture card is cheaper and include decent travel perks.

Capital One Venture vs. Amex Gold Card: How They Compare?

The Venture card offers better travel perks and rewards ratio than the VentureOne, but lacks 0% intro APR. Here's our side-by-side comparison

Capital One Venture vs. VentureOne: How They Compare?

The Capital One Venture is designed for avid travelers, while the Savor card caters to foodies and entertainment lovers. How do they compare?

Capital One Venture vs. Capital One Savor: Comparison

The Capital One Venture offers a better points rewards ratio and travel benefits than the BofA Travel rewards. Is it worth the annual fee?

BofA Travel Rewards vs. Capital One Venture Card: How They Compare?

The Capital One Venture is a clear winner as it offers a better miles rewards ratio and extra travel benefits. But it charges an annual fee.

Discover it Miles vs. Capital One Venture Card: How They Compare?

The Capital One Venture is a clear winner as it offers higher annual cashback value and better travel perks than the Alaska Visa Signature

Alaska Visa Signature vs Capital One Venture: Side By Side Comparison

Review Travel Credit Cards

Picture of Lorraine Smithills

Lorraine Smithills

Lorraine is a freelance finance writer with years of experience in the banking sector and after a successful career in one of the largest retail and commercial financial services providers. She has a passion for helping people with less financial confidence to get control of their money through budgeting, saving, and responsible credit practices.
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The product offers that appear on this site are from companies from which this website receives compensation.
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hilton honors card

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Marriot bonvoy bevy card art

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Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.

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Editorial Note: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.

Credit Card Reviews Methodology

In order to determine the best possible credit cards, we look at things like fees, interest rates and rewards. We do this with companies that are associated with us as partners as well as other offerings. From there, we make a decision about what the best card is related to different categories and needs. We focus on interest rate cost & fees, especially the cost of carrying a balance, rewards – cards accumulate rewards in different currencies—points, miles, cash back—and their values vary widely usability – cards that accept a wide range of credit profiles and offer simple solutions for things like checking your credit score or contacting. We also consider customer reviews.

We look at cards related to good or excellent credit ratings that will then provide a range of different benefits and improvements for someone who has these scores. We also look at low fees when it comes to those who have lower credit scores.