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Capital One Venture Rewards Credit Card — Full Review [2023]

Name: Capital One Venture Rewards Credit Card — Full Review [2023]
Item: Capital One Venture Rewards Credit Card
Rating: 4.57
Author: Jarrod West

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"2x Miles All the Time"

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

Learn More (at Capital One's secure site)

Jarrod West

- Updated: June 2, 2023, 10:16am CDT|

7Comments

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 on the market. It’s perfect for anyone in search of a great sign-up bonus, high rewards rates, and flexible redemption options.

Pros

5x miles per $1 on hotels and rental cars booked through Capital One Travel
2x miles per $1 on all other purchases
2 complimentary visits to a Capital One Lounge or Plaza Premium Lounges each year
Global Entry/TSA PreCheck credit
No foreign transaction fees
Access to Capital One transfer partners

Cons

$95 annual fee
Limited elite benefits

Capital One Venture Card — Snapshot

Welcome Bonus & Info (Partner Content)
- 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
- 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®
- Enjoy two complimentary visits per year to Capital One Lounges or to 100+ Plaza Premium Lounges through the Partner Lounge Network
- 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
- Use your miles to get reimbursed for any travel purchase—or redeem by booking a trip through Capital One Travel
- Transfer your miles to your choice of 15+ travel loyalty programs
Card Categories:
Rewards Center
Capital One Miles
Customer Service Number
800-227-4825
Login Link
https://www.capitalone.com/
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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 spent 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 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 — Fees

Annual Fee
- $95
Foreign Transaction Fees
None
Interest Rates
- 20.74% - 28.74% Variable
Late fees
- Up to $40
Balance Transfers
- 20.74% - 28.74% Variable
- Fee: $0 at this Transfer APR.
Cash Advance APR
- 28.74% Variable
- Fee: 3% of the amount of the cash advance, but not less than $3.

Capital One Venture Card - Is It Worth It?

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 excellent points-earning rates. Further, since it earns an uncapped 2x miles per $1 spent, it is one of the best cards for monthly bills.

The card also features other perks 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. Cardholders can get outsized value from their Capital One miles by transferring to airlines to redeem for business and first-class flights.

Capital One Venture Card Top Benefits

Capital One Lounge or Plaza Premium Lounges Visits

Capital One offers its own network of high-end airport lounges — Capital One Lounges. With your Capital One Venture card, you’ll be able to visit 2 times each year free of charge. You’ll also be able to access Plaza Premium Lounges.

Card Protections

Your Capital One Venture Card gives you the following protections:

Travel & 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
Extended Warranty Coverage: When purchasing an item with your Capital One Venture card, and the manufactures warranty is 3 years or less, Capital One will double the length of the warranty.

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 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.

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 its various transfer partners.

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 relationship with the bank.

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 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. 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.

Check out our comparisons of the Capital One Venture card and a number of popular 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.

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 Capital One Platinum 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.

Featured Image Credit: Capital One

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 per $1 on all purchases, and has a low annual fee, then, yes, 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.

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 does not charge any foreign transaction fees, making it a great way to earn 2x miles per $1 on all of your overseas purchases.

About Jarrod West

Jarrod has been writing about the ins and outs of credit cards and loyalty programs, along with airlines and hotels, for over 6 years. He is regularly called upon to share his expertise on the latest news within the space, and has been featured in publications such as The New York Times, RetailMeNot, and Yahoo! Finance. Jarrod has over 20 credit cards in his wallet and has tested out dozens more in order to vet the very best card options for readers. As he is constantly sampling new cards, Jarrod also earns (and redeems) over 1 million points and miles each year. This allows him to book luxury travel experiences the world over, and save tens of thousands of dollars in the process.

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!
- Christine Krzyszton June 8, 2021
  Hi Tommy. Excellent choice on securing a Chase Ultimate Rewards-earning card for your wife. The two types of points cannot be combined. This article on the valuation of points might be helpful: https://upgradedpoints.com/travel/points-and-miles-valuations/ Plus, how to use transfer partners for each rewards currency: https://upgradedpoints.com/credit-cards/chase-ultimate-rewards-transfer-partners/ and https://upgradedpoints.com/credit-cards/capital-one-transfer-partners/
Tommy Lionelli June 10, 2021
Thanks, Christine!!!!
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!
- Christine Krzyszton June 16, 2021
  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
Eric February 8, 2023
2x miles per $1 on all other purchases
Is for overseas purchases as well or only in the US?
- Jarrod West February 8, 2023
  Hi Eric,
  Yes, it applies to oversea purchases as well.

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