Rewards Plan
Sign up Bonus
Credit Rating
0% Intro
Annual Fee
APR
- Great Sign-Up Bonus
- Flexible Rewards Redemption
- Annual Fee
- Airline Partners Limitations
On Capital One’s Secure Website
Rewards Plan
Sign up Bonus
0% Intro
PROS
- Great Sign-Up Bonus
- Flexible Rewards Redemption
CONS
- Annual Fee
- Airline Partners Limitations
APR
20.24% - 28.24% (Variable)
Annual Fee
$95
Balance Transfer Fee
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, it is great for travel mile rewards.
Now, 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.
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.
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.
- Rewards
- No Accumulation Limit on Miles
- Simple Reward Redemption
- No Blackout/Expiration Dates
- Great Sign-Up Bonus
- Redeem Points for a Statement Credit
- High Variable APR
- Annual Fee
- Airline Partners Limitations
- Balance Transfer Fee
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..
Benefits
Let’s take a look at the benefits of the Venture Rewards card and see if it’s the right one for your wallet or not.
- Rewards
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
You can redeem your accumulated points with one of Capital One airline partners . This is a great and quite new feature, as cardholders now don’t have to be restricted to any one airline, and can really see what is the be fit for their travel needs.
When points are used towards one of these airlines, the cardholder also gets a 2:1.5 ratio of points towards their flight. In addition, you can you can pay for Amazon.com purchases using your Capital One rewards.
- No Accumulation Limit on Miles
Something that is becoming increasingly popular, yet still difficult to find, rewards credit cards that don’t limit cardholders to how many points they can accumulate before they reach the card’s “limit”.
The Capital One Venture Rewards Card doesn’t have a limit to how many points you can accumulate, which makes it a great choice for anyone looking to really save up some big-time points.
Plus, as an added perk, there’s also no minimum amount required to redeem for travel expenses, so cardholders really have free range on how many or few points that you want to use at any given time.
- Simple Reward Redemption
Although this doesn’t sound like much, most people do prefer not having to spend many hours trying to redeem their rewards points.
The redemption system currently used is simple, straight forward, and easy with the Capital One Venture Rewards, so cardholders aren’t wasting their valuable time trying to claim what’s already theirs.
- No Blackout/Expiration Dates
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. This might sounds like a small bonus, but it can certainly be beneficial when someone needs a last minute trip that they weren’t planning on.
There is 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
- Great Sign-Up Bonus
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
What makes this sign-up bonus so great is that the points are immediately redeemable once the cardholder hits the $3,000 mark, and they are good for $500-$700 (depending on if you want a statement credit or if you want to transfer points to an airline use) worth of travel expenses, which is a great overall value for any frequent traveler.
- Redeem Points for a Statement Credit
A great benefit that the Capital One Venture Rewards Credit Card offers their cardholders is the ability to redeem points accumulated as a statement credit as well, so if a cardholder would prefer to use their points to pay down some of their credit card bill, they have the flexibility to do so.
Having this type of choice for a travel rewards credit card isn’t easy to find, and if it is they usually cut your points to minimize your total statement credit.
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.
Drawbacks
Let’s take a look at the drawbacks of the Venture Rewards credit card and see if it’s the right one for your wallet or not.
- High Variable APR
The Capital One Venture Rewards Card has a high standard APR, ranging 20.24% – 28.24% (Variable) depending on creditworthiness, but doesn’t offer any type of intro APR bonus.
In order to become a credit card deadbeat – you have to make sure you don’t pay any fee or interest, especially high variables APR.
- Annual Fee
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.
- Airline Partners Limitations
The biggest pitfall to the Capital One Venture Rewards is that while it does have +15 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.
- Balance Transfer Fee
This fee is N/A of the transfer, whichever is bigger. The fee is incurred when you transfer debts from one or more credit cards to your Wells Fargo Rewards Card. This fee is upfront and will be added to your debt load when transferred.
How To Apply For Capital One Venture Rewards Card?
- 1.
Visit the Capital One Venture Rewards Credit Card home page, and click on “Apply now”.
- 2.
This takes you to the next page, where you can fill in your “Personal Information” such as your Names, date of birth etc.
- 3.
Next is your contact and financial information. Lastly, ensure you read through the important disclosure page to know your eligibility, fees, costs, rates, etc.
- 4.
Then click on “continue” to complete the process.
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.
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 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
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 Ultimate Rewards, 3x points on dining and online grocery purchases and 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% | None | 0%
|
Purchase APR | 18.24% to 28.24% will apply. A 3% fee (min $0) applies to all balance transfers | 20.24% – 28.24% (Variable)
| 20.49% – 27.49% 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.
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