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Capital One Venture Rewards Credit Card — Full Review [2024]

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Jarrod West
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Jarrod West

Senior Content Contributor

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Boasting a portfolio of over 20 cards, Jarrod has been an expert in the points and miles space for over 6 years. He earns and redeems over 1 million points per year and his work has been featured in o...
Edited by: Keri Stooksbury
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Keri Stooksbury

Editor-in-Chief

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With years of experience in corporate marketing and as the Executive Director of the American Chamber of Commerce in Qatar, Keri is now Editor-in-Chief at UP, overseeing daily content operations and r...
& Kellie Jez
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Kellie Jez

Director of Operations & Compliance

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Kellie’s professional experience has led her to a deep passion for compliance, data reporting, and process improvement. Kellie’s learned the ins and outs of the points and miles world and leads UP’s c...

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Capital One Venture Rewards Credit Card
Terms Apply / Rates & Fees

Capital One Venture Rewards Credit Card

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.
4.57
  • 75,000 miles

  • $95

  • 19.99% - 29.99% (Variable)

  • Good to Excellent Credit (670-850)

Capital One Venture Rewards Credit Card

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

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.
4.57
Learn More(at Capital One's secure site)

The Capital One Venture Rewards Credit Card is one of the most popular rewards cards on the market. It’s perfect for anyone in search of a great welcome offer, high rewards rates, and flexible redemption options.

Frequent travelers with excellent credit may benefit from this credit card that offers a lot of bells and whistles. And it offers easy-to-understand rewards earning and redemption.

Card Snapshot

Welcome Bonus & Info

  • Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel
  • Earn unlimited 2X miles on every purchase, every day
  • Earn 5X miles on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options
  • Miles won't expire for the life of the account and there's no limit to how many you can earn
  • Receive up to a $100 credit for Global Entry or TSA PreCheck®
  • Use your miles to get reimbursed for any travel purchase—or redeem by booking a trip through Capital One Travel
  • Enrich every hotel stay from the Lifestyle Collection with a suite of cardholder benefits, like a $50 experience credit, room upgrades, and more
  • Transfer your miles to your choice of 15+ travel loyalty programs

Pros

  • 5x miles per $1 on hotels and rental cars booked through Capital One Travel
  • 2x miles per $1 on all other purchases
  • Global Entry or TSA PreCheck application fee credit
  • No foreign transaction fees (rates & fees)
  • Access to Capital One transfer partners

Cons

Great Card If

  • You’re not loyal to a specific hotel chain or airline
  • You want a card with multiple redemption options, including transfer partners
  • You want a card that makes earning rewards easy with 2x miles on all purchases
  • You want a card with purchase protections and auto rental insurance

Don’t Get If

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

Capital One Venture Card — Is It Worth It?

The Capital One Venture card can be great if you want a solid all-around travel card with a low annual fee, no foreign transaction fees, and excellent points-earning rates (rates & fees). Further, since it earns an uncapped 2x miles on every purchase, it’s one of the best cards for monthly bills. That’s what Juan Ruiz, Upgraded Points compliance editor and content contributor, loves most about the card:

“For non-bonus spending, I use the Capital One Venture card. Because it earns 2x miles on all purchases, I use this card for niche spending categories that aren’t commonly found with other credit cards, such as paying HOA fees or shopping at furniture stores.”

Juan Ruiz, compliance editor and content contributor

The card features other perks, including auto rental insurance, and a Global Entry or TSA PreCheck application fee credit.

To sweeten the deal even further, you can transfer miles earned with your Capital One Venture card to several different airline partners. Cardholders can get outsized value from their Capital One miles by transferring to airlines for business and first class flight redemptions.

Capital One Venture Card Top Benefits

Card Protections

Your Capital One Venture card gives you the following protections:

  • Travel and Emergency Assistance Services: Available 24/7 to help connect you with local emergency and assistance resources when you’re away from home.
  • Auto Rental Insurance: Use your card to rent an eligible vehicle, and you may be covered for physical damage and theft of the vehicle.
  • Warranty Manager Service – Provides you with valuable features to help manage, use and even extend warranties of qualifying items purchased with your card

Does the Capital One Venture Card Cover Global Entry or TSA PreCheck?

Yes, the Capital One Venture card gives you up to a $100 credit toward your application for Global Entry or TSA PreCheck.

Since you can get either service covered thanks to this credit, we recommend you apply for Global Entry as it includes TSA PreCheck as well, while TSA PreCheck alone does not include Global Entry.

Best Ways To Earn and Redeem Your Capital One Miles

As a transferable rewards currency, Capital One Miles is quite valuable for rewards travelers looking to book top-notch travel experiences. Given that, it’s only natural that you’ll want to learn all of the ways to earn as many Capital One miles as possible. Our guide shows you how to do just that.

Once you’ve earned those miles, next up is making strategic use of them so you can book first and business class flights, along with 5-star hotel stays, for a fraction of what the cash cost would normally be. To learn some of the top strategies, read through our guide on the best ways to redeem Capital One miles.

Alternative Cards to the Capital One 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 Travel, 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.

You’ll be able to start earning Chase Ultimate Rewards points, one of the most valuable loyalty currencies available. Chase Ultimate Rewards points can be redeemed for incredible value through various transfer partners.

Bank of America® Premium Rewards® Credit Card

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

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

The Bank of America Premium Rewards card does not feature transfer partners, and all points are worth a fixed 1 cent per point toward travel purchases. 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.


Check out our comparisons of the Capital One Venture card and a number of these popular cards:


UP’s Card Review Methodology

Every card we review is assigned a “U.P. Rating” – our star-based system that encompasses all the key details to showcase a card’s standout features, where it falls short, and how it stacks up for travelers to maximize rewards.

These ratings range from 0 to 5 stars and are determined by carefully weighing crucial factors like:

  • Bonus categories
  • Benefits and perks
  • Quality of associated loyalty programs
  • Annual fees and other costs
  • Size of the welcome bonus (and relative to the annual fee)
  • And several more

You can learn more about how Upgraded Points reviews and rates credit cards.


For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.

Enrollment required through Capital One website or mobile app. Upon enrollment, eligible cardholders will remain at upgraded status level through December 31, 2024.  Please note, enrolling through the normal Hertz Gold Plus Rewards enrollment process (e.g. at Hertz.com) will not automatically detect a cardholder as being eligible for the program and cardholders will not be automatically upgraded to the applicable status tier.  Additional terms apply.

The information regarding the Capital One Platinum Credit Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
The information regarding the Capital One Quicksilver Cash Rewards Credit Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
The information regarding the Capital One Savor Cash Rewards Credit Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer. 
The information regarding the Capital One Venture X Rewards Credit Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
The information regarding the Capital One VentureOne Rewards Credit Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
The information regarding the Bank of America® Premium Rewards® credit card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.

For rates and fees of the American Express® Gold Card, click here.
For rates and fees of The Platinum Card® from American Express, click here.

Frequently Asked Questions

Is the Capital One Venture card worth it?

If you’re looking for a card that earns transferable points, allows you to earn an uncapped 2x miles on all purchases, and has a low annual fee, then the Capital One Venture card would be worth it for you.

Does the Capital One Venture card have an annual fee?

The annual fee of the Capital One Venture card is $95 (rates & fees).

What credit score do you need for the Capital One Venture card?

There is no set credit score that will guarantee approval for the Capital One Venture card. Credit issuers take many factors into account other than just your credit score including your income, years of credit history, the amount of credit already extended to you, and other factors.

That said, if your credit score is higher than 700, you should have a good shot at getting approved for the card.

Does the Capital One Venture card have transfer partners?

Yes, the Capital One Venture card has access to 15+ travel transfer partners.

Does the Capital One Venture card charge foreign transaction fees?

No, the Capital One Venture card doesn’t charge any foreign transaction fees, making it a great way to earn 2x miles on all of your overseas purchases (rates & fees).

How much are Capital One miles worth?

If you redeem your Capital One miles for cash-back, you’ll receive a rather low redemption rate of just 0.5 cents per point.

Simply opting to redeem them for travel purchases through the Capital One Travel portal can double your redemption value to 1 cent per point.

However, our favorite redemption method for Capital One miles is using the Capital One transfer partners to book unique travel experiences for far less than they would have cost otherwise. Redeeming your miles this way often far exceeds the value you’d receive by simply using the portal, which is why we value Capital One miles at 1.8 cents per mile.

Is the Capital One Venture card good for beginners?

The Capital One Venture card is great for beginners thanks to its combination of rewards and perks, all for a relatively low annual fee. Not only is the Capital One Venture card great at earning points thanks to its 5x bonus categories and 2x points on all other purchases, but it also offers Global Entry or TSA PreCheck fee credit,  auto rental insurance, and more.

Does the Capital One Venture card have trip cancellation insurance?

No, the Capital One Venture card does not offer trip cancellation insurance.

Jarrod West's image

About Jarrod West

Boasting a portfolio of over 20 cards, Jarrod has been an expert in the points and miles space for over 6 years. He earns and redeems over 1 million points per year and his work has been featured in outlets like The New York Times.

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