Quick Take: Those looking for a compelling rewards card will likely be very happy with the Capital One Venture Rewards credit card. It gives cardholders five times the miles on travel purchases, two times the miles on all other purchases, an attractive sign-up bonus and the ability to transfer miles to participating reward programs. It does charge an annual fee of $95 however.
- Rewards Earnings
- Fees and Interest
- Customer Service
- Welcome Bonus
How did we calculate this?
Pros and Cons
As with any other financial offer, applicants should consider the various advantages and disadvantages the Capital One Venture Rewards credit card comes with before applying. Some of the most significant pros and cons include:
- Cardholders earn 5 miles per dollar spent on Capital One Travel purchases and 2 miles per dollar spent on all other purchases.
- Members can redeem rewards for statement credits or travel purchases.
- The card offers a competitive interest rate starting at 15.99%.
- Cardholders can earn a 60,000-mile welcome bonus.
- Members can transfer miles to more than 15 partner rewards programs.
- Cardholders are charged a $95 annual fee.
- The card doesn’t come with an introductory interest rate.
- Rewards can only be used for travel.
Capital One Venture Rewards Credit Card Overview
The Capital One Venture Rewards credit card was designed for people who love to travel, offering users 5 miles for every dollar spent on travel purchases. Those who take advantage of the offer will also enjoy 2 miles per dollar spent on day-to-day non-travel purchases.
Cardholders receive a welcome bonus of 60,000 miles when they spend $3,000 or more within three months of opening the account, working out to $600 in travel rewards. Additionally, the card offers price-drop protection, providing a partial refund to customers if the flight’s price falls after they book it.
Though rewards can be redeemed only for travel benefits, cardholders can redeem rewards by booking travel via Capital One Travel or through statement credits for travel purchases.
The one major drawback for cardholders is the $95 annual fee to keep their accounts in good standing.
Credit Card Features
The Capital One Venture Rewards credit card comes with several intriguing features. Some of the most interesting perks include:
The credit card has a very generous rewards-earning structure. Cardholders earn 5 miles for every dollar spent on travel expenses like hotels and rental cars when they book their trips through Capital One Travel.
For those who travel often, like business travelers, points will rack up rapidly.
The card is also a good fit for those who travel occasionally and use credit card rewards to reduce the cost. Every time a cardholder swipes the Venture Rewards card, they’ll earn 2 miles for each dollar spent. So, even the average consumer who decides to use the card for groceries and gas has the opportunity to build rewards at a steady rate.
This fast rate of rewards earnings is why the Capital One Venture Rewards card comes with such a high annual fee. The company’s website points out that consumers who want to avoid the $95 annual fee also have the option of signing up for the VentureOne credit card, which allows them to earn miles at a lower rate of 1.25 miles per dollar spent.
Fees and Interest
For the most part, the fees and interest charged on the Capital One Venture Rewards card are in line with the company’s competition. The only reason the card didn’t earn a score of five in this area is that it comes with a $95 annual fee.
Fees charged to cardholders include:
|Fee||Venture Rewards Card||Average|
|Purchase Interest Rate||15.99%, 20.99% or 23.99% variable||15.16 to 22.78%|
|Cash Advance Interest Rate||23.99%||24.80%|
|Balance Transfer Fee||3% of the amount transferred when promotional rates are applied. None when promotional rates are not applied.||3% to 5% of the amount transferred|
|Cash Advance Fee||3% of the advance or $10, whichever is greater||2% to 5%|
|Late Payment Fee||$40||$36.34|
Any time a consumer considers a financial service, they should look into the quality of customer service provided.
With Capital One, cardholders are working with one of the largest and most trusted lending institutions in the world. Therefore, they can be confident that their money is in capable hands.
Moreover, when customers have questions, Capital One’s customer support team is available 24 hours per day, every day, including holidays. The support staff should be able to handle any questions posed by customers.
Welcome bonuses are popular among rewards credit cards, offering new cardholders the ability to rack up substantial rewards points within the first few months of being approved. The Capital One Venture Rewards card is no different.
New members will receive a 60,000-mile bonus when they spend $3,000 in the first three months. That works out to $600 in extra travel rewards for those who hit the minimum spending threshold.
The 60,000-mile bonus offered by the Venture Rewards credit card is a generous offering considering the average sign-up bonus on travel rewards cards is 49,311 miles.
Other Features of the Capital One Venture Rewards Credit Card
Venture Rewards cardholders will also have access to features like:
Capital One makes redeeming miles a simple process. Customers can get their hands on their rewards in a couple of ways:
- Statement credits. Cardholders can request statement credits for qualifying travel purchases like the cost of rental cars, hotels and airline tickets.
- Booking travel. Those who take advantage of this offer can also use their rewards to book travel through Capital One’s travel agency.
Free Visits to the Capital One Lounge
To help deal with long waits and other airport aggravations, Capital One Venture Rewards cardholders can skip the headache in three of the most popular airports in the United States, including the Dallas-Fort Worth International Airport, the Denver International Airport and the Dulles International Airport in Washington, D.C.
Cardholders who have layovers or departures in one of these three airports will be able to relax and recharge with high-end amenities including locally grown foods and beverages in the Capital One Lounge. Cardholders may enjoy two free visits to the lounge each year.
Hertz Five Star Status
Renting cars is part of travel, and Capital One Venture Rewards cardholders can skip the rental counter and choose from a wider selection of rental vehicles with Hertz Five Star Status.
Capital One Dining
Capital One cardholders get first-class access to unique dining experiences and reservations at award-winning restaurants.
Global Entry or TSA PreCheck Reimbursement
Capital One reimburses cardholders for fees associated with Global Entry or TSA PreCheck services once every four years. The lender limits this reimbursement to a maximum of $100.
On top of access to exclusive reservations for award-winning restaurants and food experiences, Capital One cardholders also receive special access to live music events. This includes access to on-site lounges and special VIP packages.
Moreover, cardholders get discounted VIP access and tickets to some of the most popular sporting events in the world.
When reserving a travel experience through Capital One Travel, cardholders receive a lowest-price guarantee. Capital One even provides price drop protection, reimbursing cardholders for the additional cost of travel should prices drop after they’ve made their reservations.
Good To Know
The average cost of a domestic flight in the United States is $260.01, while consumers pay $1,368 for the average international flight. Because a single Venture Rewards mile is worth 1 cent, cardholders need 26,001 miles to cover the cost of the average domestic flight and 136,800 points to cover the cost of the average international flight.
Comparable Credit Cards To Consider
The Capital One Venture Rewards card is unique because of the exclusive perks offered to cardholders. Few credit cards give customers access to private lounges in airports, exclusive statuses with rental car services or the guaranteed ability to purchase the lowest-priced travel.
The card is also on the high end of the spectrum when it comes to welcome bonuses and the ability to earn rewards quickly.
Nonetheless, there are competitive offers that some applicants may find more appealing. For those who find that the Capital One Venture Card isn’t the best fit for them, some comparable cards of interest include:
Capital One VentureOne Card
The Capital One VentureOne credit card offers many of the same perks you’ll find with the Venture Rewards card. While cardholders don’t have free access to the Capital One Lounge, they are eligible to take part in Capital One Dining offers, the lowest-cost travel guarantee and unique Capital One experiences.
VentureOne cardholders can also earn five points per dollar when booking travel through Capital One Travel and 1.25 points per dollar on all other purchases. One added perk with the VentureOne card is the ability to redeem rewards at Amazon.com. There’s also a $0 annual fee on the card.
Bank of America Travel Rewards Credit Card
The Bank of America Travel Rewards credit card offers 25,000 bonus miles, worth $250, when cardholders spend at least $1,000 in the first 90 days, and 1.5 miles per dollar spent on everyday purchases.
There’s no annual fee, and cardholders enjoy a 0% introductory interest rate on purchases for the first 15 months of membership.
Capital One VentureOne Rewards FAQAlthough the basic idea behind a checking account can be simple to understand, there are still many common questions surrounding them, in part because there are so many different kinds. Here are the answers to some of the most frequently asked questions regarding checking accounts.
- How much are Capital One Venture points worth?
- Each mile cardholders earn using the Capital One Venture Rewards credit card is worth 1 cent, which comes out to $1 for every 100 miles. So when a customer amasses 100,000 miles, they will have $1,000 in travel rewards to redeem.
- How often can you get the Capital One Venture bonus?
- As with many credit cards, the sign-up bonus offered with the Venture Rewards card can only be earned once.
- Do Capital One rewards expire?
- Miles earned on the Capital One Venture Rewards card will not expire as long as the cardholder keeps the credit card open. However, once the account is closed, earned rewards will no longer be available.
- What is the Capital One Venture Rewards card good for?
- The Capital One Venture Rewards credit card is best for earning travel rewards quickly. Cardholders earn 2 miles for every dollar spent.
The Capital One Venture Rewards credit card is a compelling option for consumers who use their rewards credit cards often and travel often. With a $95 annual fee to contend with, those who don’t travel frequently are likely better suited with another option like the VentureOne card or the Bank of America Travel Rewards credit card, both of which come with no annual fee.
Additionally, rewards credit cards incentivize spending, which makes it easy to rack up overwhelming amounts of credit card debt. Only those with a strong sense of self-control and keen budgeting skills should consider taking advantage of any rewards credit card.
Editorial Note: This content is not provided by Capital One. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by Capital One.
Our in-house research team and on-site financial experts work together to create content that’s accurate, impartial, and up to date. We fact-check every single statistic, quote and fact using trusted primary resources to make sure the information we provide is correct. You can learn more about GOBankingRates’ processes and standards in our editorial policy.
Is this your bank?