Capital One® Venture® Rewards Credit Card Review

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Capital One® Venture® Rewards Credit Card Review

U.P. Rating

"2x Miles All the Time"

Get 2x miles plus some of the most flexible redemptions offered by a travel credit card!

As a frequent traveler with excellent credit, you’re always on the lookout for a credit card that comes with all the bells and whistles. And the easier it is to understand, the better!

The Capital One® Venture® Rewards Credit Card is one of the most popular rewards cards. It’s perfect for anyone in search of a great sign-up bonus, high rewards rate, and flexible redemption options.

Card Snapshot

The Ideal Cardholder

The Capital One® Venture® card can be a great option for those who are looking for a solid all-around travel card with a low annual fee, no foreign transaction fees, and an excellent point earn rate – especially for those who are fans of the booking service hotels.com.

The Venture® card also features other perks cardholders will find helpful like purchase protection, rental car insurance, and a Global Entry/TSA PreCheck application credit.

To sweeten the deal even further, Capital One® now allows all miles earned with your Venture® card to be transferred to several different airline partners. Allowing cardholders to get outsized value out of their Venture miles by transferring to airlines to redeem for business and first-class flights.

Great Card If

  • You are not loyal to a specific hotel chain and can book all your accommodations through hotels.com
  • You want a card with multiple redemption options, including transfer partners
  • You want a card that makes earning miles easy with 2x per $1 on all purchases
  • You want a card that keeps you covered with purchase protections and rental car insurance

Don't Get If

Card Fees

  • Annual Fee
    • $0 first year, then $95 per year after
  • Foreign Transaction Fees
    None
  • Interest Rates ?
    • 13.49%-23.49% Variable APR
  • Late fees ?
    • Up to $39
  • Balance Transfers
    • $10 or 3% fee of the amount of each transfer (whichever is greater)
    • 13.49%-23.49% Variable APR
  • Cash Advance APR
    • $10 or 3% fee of the amount of each transfer (whichever is greater)
    • 23.49% APR

How To Earn More Capital One Miles

Man Looking Out Window In Hotel Room
Use your Venture card to earn 10x miles on all of your hotels.com purchases! – Image credit: Shutterstock

Booking With Hotels.com

The largest, and only, bonus category featured on the Venture® card is an industry-leading 10x miles per $1 spent with hotels.com.

If you’re a frequent traveler and don’t have loyalty to a specific hotel group, this bonus category could prove to be a huge benefit to you. To take those earnings a step farther, when you sign-up for the hotels.com rewards program and stay 10 nights, you’ll earn a free night equal to the average value of your first 10 nights.

So not only will you be earning a massive 10x miles per $1 on each night, but every 11th night you stay is free. Collectively, this can amount to over a 20% return on your spend on all of your hotels.com bookings.

Bottom Line: In order to receive the 10x miles benefit, you have to use your Venture® card for each hotels.com purchase. So be sure to link the card with your account and watch the miles rack up. 

Everyday Purchases

The Capital One® Venture® card earns an uncapped 2x miles per $1 spent on all purchases you make. Allowing you to earn double the miles without needing to worry about bonus categories or limits to how many points you can earn.

So consider making your Venture® card your daily driver for all the everyday purchases you make. Daily coffee, gas and groceries, dinner with friends, it can all add up to big savings on your next vacation.

Adding additional Capital One® Miles cards

Increasing you mile earnings even further could be as simple as adding a new Capital One® card to your wallet. With different cards comes additional bonus categories, new perks, and potentially a large sign-up bonus to help boost your number of miles.

Here are some of our favorite Capital One® credit cards:

Capital One® VentureOne® Rewards Credit Card - This is an excellent card for those looking to earn 10x miles per $1 across thousands of hotels. With a 20,000 mile sign up bonus (worth $200) after spending $1,000 within the first 3 months and no annual fee, it's a strong choice.
Capital One® Venture® Rewards Credit Card - A card for the more serious traveler. Earn a 50,000 mile sign up bonus (worth $500) once you spend $3,000 on purchases within 3 months from account opening — and 10X miles per $1 spent across thousands of hotels. The annual fee is $0 intro for the first year, then $95 after that.
Capital One® Spark Miles Select For Business - This no annual fee card has a 20,000 mile sign up bonus after meeting the minimum spend of $3,000 within the first 3 months. Save on interest with 0% intro APR on purchases for 9 months; 15.24% - 23.24% variable APR after that.
Capital One® Spark Miles For Business - Earn 50,000 miles once you spend $4,500 on purchases within 3 months from account opening. Annual fee: $0 intro for first year; $95 after that.

How To Use These Points For Max Value

Hotel beach resort
Where will your Venture miles take you? – Image credit: Hilton.com

Now that you have a large reserve of Venture miles, next comes redeeming them for the max value! There are three main redemption options for your Venture miles, giving you the flexibility to decide which is best for your needs.

Capital One® Travel Portal

The Capital One® Travel Portal allows you to redeem your miles to offset any travel purchase made through the portal. You can redeem your miles for 1 cent per mile toward airfare, hotels, rental cars, and many other options – without needing to worry about blackout dates or award availability.

Statement Credit

Did you purchase a flight with your Capital One® Venture card that you intended to use miles for? No problem! Capital One® allows you to redeem your miles to cover purchases you’ve already made on your card.

When you opt for this method, your miles will be valued at 1 cent per mile toward whichever travel purchase you choose to have credited.

Transfer Partners

Utilizing transfer partners offers you the best value for your hard-earned miles if you’re willing to put in a little extra work.

Capital One® has several different airline partners for you to choose from, and the majority of them transfer at a 2:1.5 rate. This means transferring 50,000 Venture miles would become 37,500 miles with whichever airline you choose to transfer to.

At face value, this may not seem optimal, as the number of overall miles you’d have decreased – but not all miles are created equally! In fact, many of the Capital One® airline transfer partners can offer great redemption options on business and first-class bookings that could save you thousands of dollars.

Bottom Line: Having multiple redemption options is a great benefit to the Capital One® Venture® card, but to get the highest value possible – utilizing transfer partners is the way to go.

Dealing with airline transfers and finding award space can certainly be intimidating at first. But learning the ropes of award bookings isn’t as difficult as you might think!

Competitor Cards

Chase Sapphire Preferred® Card

The Chase Sapphire Preferred® card is one of the most popular travel rewards cards on the market, and with benefits like 2x points per $1 spend on dining and travel, no foreign transaction fees, and flexible redemption options (including transfer partners), it’s easy to see why the card is so popular.

For just a $95 annual fee (waived the first year), you’ll be able to start earning Chase Ultimate Reward points, one of the most valuable loyalty currencies available. Chase Ultimate Reward points can be redeemed for incredible value through their select transfer partners.

Curious to learn more? Have a look at our full review of the Chase Sapphire Preferred® Card to see what the buzz is about.

Bank of America® Premium Rewards® Card

The Bank of America® Premium Rewards® card can be a great option for travelers, especially for those who already have a banking relationship with Bank of America®.

Premium Rewards® cardholders earn 2x points per dollar on travel and dining purchases, plus 1.5x points per dollar on all other purchases. Customers can also earn even higher point multipliers on these categories, depending on the balance of their checking, savings, or investment accounts with Bank of America®.

The Premium Rewards® card does not feature transfer partners, and all points are worth a fixed 1 cent per point toward travel purchases. So if you already have a banking relationship with Bank of America®, and prefer a fixed point redemption, this card could be a good option for you.

FAQ

Do Capital One® Venture® Miles expire?

Your Capital One® Venture® miles will never expire as long as your account remains open.

Does the Capital One® Venture® card have an annual fee?

The annual fee on the Capital One® Venture® card is $95 but is waived for the first cardmember year.

Is the Capital One® Venture® a good credit card?

With most credit cards, determining whether it is good or not depends completely on your needs. Figuring out what you’re looking for out of a credit card should be your first step.

If you’re looking a travel rewards card that offers fantastic earnings for purchases with hotels.com, and flexible redemption options, then the Venture® card might be a fantastic option for you.

Does the Capital One® Venture® charge foreign transaction fees?

The Capital One® Venture® card does not charge any foreign transaction fees to cardholders.

How do I use my Capital One® Venture® miles?

You can use your Venture® miles through the Capital One® travel portal, use them as a statement credit to offset travel purchases you’ve already made, or you can transfer them to one of their various airline partners.

Jarrod West

About Jarrod West

As a former broke college graduate with an insatiable desire to see the world, Jarrod became fascinated with using points and miles as the perfect way to visit dream destinations without breaking the bank. Like many others who enter this hobby, his fascination quickly led to a full-blown obsession which resulted in earning millions of points and spending 3 months traveling Europe with his girlfriend, Valeria, financed almost entirely with points and miles!

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