Capital One Venture Rewards Card — Full Review [2021]

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Capital One Venture Rewards Card  — Full Review [2021]

U.P. Rating ? The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

"2x Miles All the Time"

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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.

CapOne Venture Card — Snapshot

The Ideal Cardholder

The CapOne 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.

The 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
  • 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

  • You prefer cash-back over travel rewards
  • You are loyal to a specific hotel chain
  • You prefer a card with luxury travel benefits like airport lounge access or hotel elite status
  • You prefer a card with no annual fee

CapOne Venture Card — Fees

  • Interest Rates
    • 15.99% - 23.99% Variable
  • Late fees
    • Up to $40
  • Balance Transfers
    • 15.99% - 23.99% Variable
  • Cash Advance APR
    • 23.99% APR
    • Fee: Either $10 or 3% of the amount of each cash advance, whichever is greater.

How To Earn More Venture Miles

Man Looking Out Window In Hotel Room
Image credit: fizkes via Shutterstock

Everyday Purchases

The CapOne 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 miles you can earn.

So consider making your CapOne 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.

How To Use Venture Miles 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 on Travel Purchases

Did you purchase a flight with your CapOne 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.

Checkout With PayPal

When your eligible card is linked to PayPal, you can checkout with PayPal and redeem your miles at a rate of 125 miles to $1. We’d recommend this only if you can’t use your miles for travel or as a statement credit.

Bottom Line: Having multiple redemption options is a great benefit to the CapOne 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!

Alternative Cards to the CapOne Venture Card

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 5x points on travel purchased through Chase Ultimate Rewards, 3x points on dining, 2x points on all other travel purchases, 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, 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.

Bank of America® Premium Rewards® Card

The 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.


We’ve also compared the CapOne Venture card to a number of popular cards:


Jarrod West

About Jarrod West

Jarrod first became fascinated with the world of points and miles as the perfect way to visit dream destinations without breaking the bank. On his first major award trip, he spent 3 months traveling through Europe, financed nearly entirely with points; while flying in premium cabins and staying in 5-star hotels along the way. Now, he is on a mission to help others realize their travel goals and upgrade their travel experiences. Jarrod has been writing about credit cards and travel loyalty programs for 4 years, and his work has been featured by Travel and Leisure, Matador Network, Yahoo Finance, and U.S. News.

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Disclaimer: Any comments listed below are not from the bank advertiser, nor have they been reviewed or approved by them. No responsibility will be taken by the bank advertiser for these comments.

5 comments

  1. Tommy Lionelli June 6, 2021

    Hi! Thanks for all this great info. How compatible are the Venture card points with Chase points? I got my wife the Chase card for the new signup bonus since I’m not currently eligible. I’m wondering if I’m better off just trying to get us more Chase points or to aggregate more points in general and get the Capital One.

    Can the two types of points be combined in any way? Or would they be considered totally separate?

    Thank you!

    Reply

  2. Tommy Lionelli June 10, 2021

    Thanks, Christine!!!!

    Reply

  3. Tommy Lionelli June 14, 2021

    Christine, Are there any recommendations about how to best use points accrued from multiple CCs? I’m trying to accumulate points across Chase, Amex, and potentially Capital One but am wondering if there are ways to optimize using those points. Or not!

    Reply

    • You might start with establishing your travel goals and then attempt to utilize each type of rewards currency for its best value. For example, if you want to fly business class to Europe, you may look at the transfer partners of each currency (Ultimate Rewards and Membership Rewards) and see which airline works best to accomplish this. Or perhaps you want to fly a family of 4 to Florida in economy class. Ultimate Rewards may work best to accomplish this travel goal or if fares are good, you could use your Capital One card to purchase and then redeem your miles for a statement credit with Purchase Eraser. If you have a lot of miles and want to hire a professional to find the best value for you, I believe we have someone on staff that does that and I can get you his name and contact info. Also, here’s a recent article on booking vacations and vacation packages with various rewards currencies:https://upgradedpoints.com/credit-cards/best-credit-cards-for-vacations/?preview_id=155453&preview_nonce=ae3f200a22&_thumbnail_id=100475&preview=true

      Reply

Any thoughts or questions? Comment below!

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