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Capital One Venture Rewards Credit Card
- Our Rating 4.5/5 Read the review
- APR20.24% - 28.24% (Variable)
- Annual Fee$95
75,000Capital One Rewards Miles
You can earn 75,000 bonus miles once you spend $4,000 on purchases within the first 3 months from account opening. Dollar Equivalent: $1,350 (75,000 Capital One Rewards Miles * 0.018 base)
The Capital One Venture Rewards Credit Card offers a lot of value to beginner and expert travelers alike. This travel rewards credit card’s big upfront sign-up bonus and high ongoing rewards rate aren’t easy to beat, making it a solid option for a large audience.
One of the Most Rewarding Cards $95 Can Buy
The Capital One Venture Rewards Credit Card is among the best travel credit cards on the market. This rewards card offers an impressive one-time bonus for new cardholders and high, flat-rate rewards on every purchase you make. You’ll also get a lot of flexibility when it comes time to redeem your rewards and get an assist with expedited airport screenings and immigration with TSA PreCheck and Global Entry.
If you’re considering getting into travel rewards, but don’t want a credit card with complicated rewards or benefits, the Capital One Venture Rewards Credit Card should be on your radar.
- Simple rewards and earning structure
- Ability to earn transferable points to use with travel partners
- Relatively modest $95 annual fee
- Application fee credit for TSA PreCheck or Global Entry
- Other travel cards offer higher rewards rates on certain spending categories
The Capital One Venture Rewards Credit Card offers an impressive 75,000 bonus miles for new cardholders. Here’s how this one-time bonus works. Earn 75,000 miles after spending $4,000 on purchases in the first three months of account opening. Those miles are worth at least $750 in travel. However, you may squeeze even more value from your bonus by transferring those miles to any of Capital One’s many airline and hotel travel partners.
The card offers a flat-rate 2X Capital One Miles on every purchase you make, giving cardholders predictability and simplicity. You’ll also earn 5X miles on all hotel and rental car purchases that you make with the card through Capital One’s proprietary travel booking platform.
That said, if you like the idea of earning travel rewards but don’t want to keep track of complicated rewards structures that include several different rewards rates, the Capital One Venture Rewards Credit Card is tough to beat.
Additionally, this rewards card does not charge any foreign transaction fees for international purchases, which makes the Capital One Venture Rewards Credit Card ideal for non-U.S. travel.
On the flip side, if you like the idea of maximizing your rewards with bonus points or bonus miles on everyday spending categories, this card might not be the best fit for you.
The Capital One Venture Rewards Credit Card charges a $95 annual fee, which is standard with a lot of top travel rewards credit cards that don’t offer luxury perks. This credit card used to charge no annual fee during the first year, which would give you some time to “test drive” the card to decide if it’s right for you. But the bank dropped the introductory fee waiver when it added the TSA Pre✓®/Global Entry benefit.
To qualify for the Capital One Venture Rewards Credit Card, the card issuer says you need an excellent credit score. That said, “excellent” is defined differently from one card issuer to another. For Capital One, an excellent credit score means:
- You never declared bankruptcy or defaulted on a loan.
- You haven’t been more than 60 days late on any credit card, loan or medical bill in the last year.
- You’ve had a loan or credit card for at least three years with a credit limit of $5,000 or more.
What Credit Score Do You Need to Get the Capital One Venture Rewards Credit Card?
In other words, you may be able to get approved for the credit card if you have a good credit score, which starts at a FICO Score of 670 or above. But if you’re new to credit or you’ve made some missteps, it may be tough to qualify.
A lot of travel cards at this tier don’t offer a ton of benefits. But with the Capital One Venture Rewards Credit Card, you’ll receive an application fee credit for TSA Pre✓® or Global Entry every four years. To be clear, it’s an OR offer, not an AND – you can only receive an application fee credit for one of the programs.
With TSA PreCheck, you’ll get expedited airport screening at countless U.S. airports, which can make a huge difference.
More Card Perks: Capital One Adds 100+ Lounges to its Partner Network
In contrast, Global Entry not only includes TSA Pre✓® but also offers you expedited customs screening when returning to the U.S. from abroad. Because this option includes the benefits of both programs, it’s best to choose it, even if you don’t plan to travel internationally anytime soon. Both programs last five years, so you’ll have plenty of time to take advantage of your membership in both.
In addition to a TSA PreCheck/Global Entry application fee credit, the card also offers other added benefits such as:
- No foreign transaction fees
- 24-hour travel assistance services
- Travel accident insurance
- Access to premier culinary events, must-see music events and major sporting events
If you plan to get the credit card, read up on all of its features and benefits, so you can ensure that you maximize their value.
Who Should (and Shouldn’t) Get the Capital One Venture Rewards Credit Card
The Capital One Venture Rewards Credit Card’s big one-time sign-up bonus and high rewards rate are impressive compared to most credit cards. Where it really shines, though, is with the redemption process.
When it comes to travel credit cards, it can be really challenging to find a way to use your rewards in the way you want (especially when it comes to maximizing value for travel purchases). With hotel and airline credit cards, for instance, you’re basically stuck redeeming your points or miles with the co-branded hotel or airline partner. And with some general rewards programs, you might get less value if you use your points or miles to book a flight versus a rental car or hotel.
With the Capital One Venture Rewards Credit Card, though, you’ll get a lot of flexibility. Here are some of the top redemption options for travel purchases that are available.
Cover Recent Travel Purchases with Miles
Use the card to book travel with an eligible travel-related website, and you can use your Capital One miles to get a statement credit for the purchase within 90 days from the date the transaction posts. So if you get this rewards card, then book a trip with it, you’ll have 90 days to earn the card’s welcome offer and use that cash to pay yourself back for some or all of the eligible travel expense at a rate of 1 cent per mile.
Book Travel Through Capital One
If you want an even simpler way to redeem your Capital One miles, you can do so directly through the issuer’s rewards platform. Capital One’s proprietary tool works similarly to major travel booking websites like Expedia and Priceline. Simply search for the flight, hotel, rental car or another aspect of your trip, then use your miles to pay instead of using cash. You might not get as much flexibility with this option versus booking on your own then covering the purchase with miles retroactively. But it’s still a straightforward way you can use your rewards. Use Expedia promo codes and status-based discounts to potentially decrease your overall travel expenses.
Transfer Your Miles
Capital One partners with 15+ transfer partners allowing you to transfer your Capital One miles and book directly with your favorite program.
Transferring points to travel partners gives you a lot more flexibility because many of these programs can offer higher rewards rates if you do your research and find the right deal.
In addition to a few solid travel redemption options, the Capital One Venture Rewards Credit Card also offers non-travel redemption options, which include:
- Cash back in the form of a paper check or account credit
- Gift cards
- Statement Credit
- Shopping online with PayPal
- Shopping online with Amazon.com
Just keep in mind that not all redemption options provide the same value. With travel, for instance, you’ll get $500 in value from 50,000 miles. If you use those same miles to get cash back, though, you’ll get just $250. So before you use your rewards, make sure you know what you’re getting in return so you don’t end up leaving money on the table.
It’s hard to dislike the Capital One Venture Rewards Credit Card. The travel rewards card offers an excellent welcome offer, great rewards and flexible redemption options for travel purchases. The only reason to think twice about getting it is if you’re a travel rewards enthusiast who wants to maximize your rewards, especially through transfer partners.
That’s because Capital One does not offer any domestic airline transfer partners. In contrast, Amex and Chase both partner with three domestic airlines and also offer more hotel partners.
Finally, the Capital One Venture Rewards Credit Card’s flat 2X rewards rate is sure to make a lot of frequent travelers happy. But many other travel cards offer higher rewards rates on certain spending categories, which could allow you to maximize your rewards even more.
As with any financial product, it’s important to compare multiple options to find the best fit for you.
Capital One Venture Rewards Credit Card vs. Chase Sapphire Preferred® Card
The Capital One Venture Rewards Credit Card and Chase Sapphire Preferred® Card are some of the best travel credit cards you can get, so it’s common for experts to compare them. Here’s a quick rundown:
Head-to-head comparison Capital One Venture Rewards Credit Card vs. Chase Sapphire Preferred® Card
Chase Sapphire Preferred®
Capital One Venture Rewards Credit Card
On the surface, the sign-up bonuses may seem similar, but the Chase Sapphire Preferred’s offering is worth 25% more if you use your points to book travel through Chase.
With rewards rates, Capital One gives you more on a consistent basis, which would make it a better choice for beginners and people who prefer simplicity. But when it comes to redeeming your rewards, the Chase Ultimate Rewards program is about as good as it gets. Not only do you get a 1:1 ratio with more valuable rewards programs, but you’ll also get more value on non-travel redemptions — cash back, for instance, will get you 1 cent per point instead of half that like the Capital One Venture Rewards Credit Card.
Both travel-focused credit cards have a $95 annual fee, but neither charge a foreign transaction fee for international spending.
On the perks side of things, Capital One’s TSA Pre✓® /Global Entry benefit is missing from the Sapphire Preferred. But if you like the idea of trip protections like baggage delay insurance, trip cancellation/interruption insurance and more, the Chase Sapphire Preferred is a better bet.
The Capital One Venture Rewards Credit Card offers a lot of value to beginner and expert travelers alike. This rewards card’s big upfront sign-up bonus and high ongoing rewards rate aren’t easy to beat, making it a solid option for a large audience. Similarly, with no foreign transaction fees, the Capital One Venture Rewards Credit Card is ideal for people who regularly make international purchases.
But remember, there’s no single credit card out there that’s best for everyone, even if you narrow down your list to travel cards. As a result, it’s important to take your time to shop around and consider multiple credit cards before you settle on one.
In particular, think about how you like to travel and your preferences when it comes to earning and redeeming rewards. Also, consider which perks you want from a credit card and which card will offer you the best overall value based on how you plan to use it.