- for Frequent Flyers95
- for Everyday use95
Venture Rewards Credit Card
The Capital One Venture Rewards credit card is a solid choice for its healthy everyday earning potential, big sign-up bonus and hassle-free redemptions. It's part of Capital One's flexible and valuable Venture Rewards program.
There’s no need to keep track of quarterly promotions or special bonus categories. Every dollar you spend on the card earns 2 miles, not just 1 mile or even 1.5 miles, which you get for everyday spending with most other cards. You’ll also receive a generous 50,000-mile sign-up bonus after spending $3,000 within the first 3 months. At one cent per mile in redemption value, that’s $500 in travel.
Redeeming your miles is easy as well. You can use miles to get statement credits for past travel purchases, or you can redeem miles for future travel via the Capital One Rewards Center. That means you can buy any travel you want from any vendor and pay for it with your Venture miles. You don't have to worry about blackout dates or limited award space. While the card comes with a $95 annual fee, it’s waived for the first year.
Bonuses and Benefits
Knowing what benefits come with a credit card can help you decide if it’s a good fit for you. Here we cover the bonuses and perks that the Capital One Venture Rewards credit card Venture Rewards credit card offers and the value of the Capital One Venture Rewards miles you earn.
Get a jump start accumulating miles for your next travel purchase with a 50,000-mile sign-up bonus after you spend $3,000 on the card within the first 3 months. That’s $500 worth of travel you can use right away. You’ll receive 2 miles for every dollar spent, so your $3,000 in purchases will earn an additional 6,000 miles, for a total value of $560 when redeemed for travel.
What You Get
- Enjoy a one-time bonus of 50,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $500 in travel
- Earn 2X miles on every purchase, every day. Plus earn 10X miles on thousands of hotels through January 2020; learn more at hotels.com/venture
- Named ‘The Best Travel Card' by CNBC, 2018
- Receive up to $100 application fee credit for Global Entry or TSA Pre✓®
- Fly any airline, stay at any hotel, anytime; no blackout dates. Plus transfer your miles to over 12 leading travel loyalty programs
- Miles won't expire for the life of the account and there's no limit to how many you can earn
- No foreign transaction fees
- $0 intro annual fee for the first year; $95 after that
Since your Venture miles do not expire as long as your account is open, you’ll have plenty of time to build a bank of miles to use for that annual family trip or your own personal adventure.
What Is the Value of Venture Miles?
Whether you redeem your Venture miles directly through the Capital One Rewards Center or choose a statement credit to erase previous travel purchases, each mile is redeemable at a rate of 1 cent each. A $500 airline ticket will cost you 50,000 miles. Keep in mind that you’re also earning 2 miles for every dollar spent on your card, so you essentially get 2% back on all purchases.
What is CPM and How Is It Calculated?
Cents Per Mile (CPM) is a way to measure the value of miles or points. It tells you how many cents you get for each mile or point you redeem by dividing the cash price of the airline ticket by the number of miles or points the award flight costs. That amount is multiplied by the number of miles or points earned per dollar spent on everyday purchases to account for cards that earn more than one mile per dollar spent.
How we calculate CPM:
The Best Ways to Redeem Capital One Miles
The best redemption for Capital One Venture miles is cheap airfare, hotels, travel experiences or other transportation. Simply find the best travel deal from either the Capital One Rewards Center or any other source. Use your miles to make purchases from the Rewards Center, or use your Capital One Venture Rewards card to make purchases from any other retailer and redeem miles for a statement credit using the Capital One Purchase Eraser.
Qualified travel purchases include airfare, hotels, rail tickets, rental cars, limo services, buses, cruises, taxis, travel agents and time shares. If you’re looking for first class or other premium flights that cost thousands of dollars, redeeming Venture miles may not be the best value. For instance, a $4,000 flight would cost 400,000 miles. You may be able to redeem frequent flyer miles for the same ticket for much less.
New York–PhiladelphiaEconomy classMiles price84,300miles+$0 feeDollars price$843
Seattle–Los AngelesEconomy classMiles price60,500miles+$0 feeDollars price$605
San Francisco–WashingtonEconomy classMiles price64,000miles+$0 feeDollars price$640
New York–PeruEconomy classMiles price68,390miles+$0 feeDollars price$683
Los Angeles–CairoEconomy classMiles price153,768miles+$0 feeDollars price$1,537
San Francisco–SeoulEconomy classMiles price141,322miles+$0 feeDollars price$1,413
Miami–AtlantaBusiness classMiles price48,400miles+$0 feeDollars price$484
Orlando–Las VegasBusiness classMiles price145,440miles+$0 feeDollars price$1,454
Denver–HoustonBusiness classMiles price239,400miles+$0 feeDollars price$2,394
Dallas–Hong KongBusiness classMiles price407,548miles+$0 feeDollars price$4,075
Chicago–MontrealBusiness classMiles price55,670miles+$71.7 feeDollars price$557
Honolulu–San JoseBusiness classMiles price155,059miles+$0 feeDollars price$1,551
Everyday Earnings With the Venture Rewards Credit Card
The Capital One Venture Rewards card card earnings add up quickly because every purchase earns 2 miles per dollar. There are no quarterly promotions or bonus categories to keep track of. Think about it, your everyday expenses, such as groceries, phone bills, gas or even medical expenses and car insurance, could be earning 2 miles per dollar.
Venture Credit Card Rewards
- On thousands of hotels; learn more at hotels.com/venture
- On every purchase, every day
No Foreign Transaction Fee
You’ll never have to pay additional fees to use your card while traveling abroad.
Premium Hotel Benefits
Enjoy perks, such as room upgrades and free breakfast, at over 900 Visa Signature Luxury Hotel Collection properties.
Complimentary Concierge Services
24/7 assistance for dinner reservations, booking travel and special access to sporting and entertainment events.
Earn Elite Status Fast
Since the Capital One Venture Rewards card is not affiliated with any specific airline, hotel or rental car loyalty program, miles do not earn elite status.
Fees: the Cost of Having the Venture Rewards Credit Card
The Capital One Venture Rewards card has an annual fee of $95 , which is waived the first year. If you make $2,950 in purchases a year, you’ll cover the cost of the card. That’s because you’ll earn 5,900 miles for those purchases and the miles can be redeemed for a penny per point.
You’ll also receive 50,000 miles as a sign-up bonus after spending $3,000 in the first three months after card approval. The sign-up bonus plus the miles earned from your $3,000 in purchases totals $560 in free travel.
- Annual Fee
$0 intro for first year; $95 after that
- Balance Transfer Fee
- Foreign Transaction Fee
- Late Payment Fee
Up to $39
See What It Takes to Cover an Annual Fee:
We strongly recommend to spend not less than $1,584 per months to cover the annual fee in three months.
Does the Card Pay for Itself?
We’ve broken out our estimates for the first- and second-year net earnings you’ll get with the Venture Miles credit card. Is the card worth getting, and should you keep it after you get the sign-up bonus? Let’s find out.
These estimates are based on an annual monthly spend of $2,000
Top 5 Benefits of the Capital One Venture Rewards Credit Card
A hefty sign-up bonus of 50,000 miles and earnings that add up quickly are reasons enough to have the Venture Rewards card. Add the ease of redemption, a first year fee waiver and Visa Signature travel benefits and you’ve got a nice package for an everyday spending card.
- A Generous Sign-up Bonus: The 50,000-mile sign up bonus can be redeemed for $500 worth of travel.
- Earnings Add up Quickly: Every dollar you spend earns 2 miles, not 1.5 or 1 like other cards. Plus, there are no categories or promotions to keep track of.
- It’s Easy to Redeem Miles: Find the best travel deal, pay with your Venture Rewards card and redeem your miles for a statement credit to erase your purchase. Or just redeem your miles online from the Capital One Rewards Center.
- Annual Fee Waiver: You won’t pay the $95 fee the first year.
- Visa Signature Travel Benefits: Receive valuable benefits for free, such as coverage for rental cars, trip interruption insurance, 24/7 emergency assistance and concierge services.
Should You Get the Capital One Venture Rewards Credit Card?
With a sign-up bonus of 50,000 miles and the ongoing earning power of 2 miles for every dollar spent, there’s a good case for owning the Venture card. The $95 annual fee is waived the first year, and you’ll have $560 to spend on travel once you’ve made the required $3,000 in purchases within the first three months. That makes this card a solid contender for your everyday spending. However, if you’re not going to be able to spend a minimum of $3,000 a year on the card, you would be better off selecting a card that has no annual fee.
Need more info? Check out our frequently asked questions. If you have other questions, please click on “Ask Now” below.
- When you compare sign-up bonuses, the Capital One Venture Rewards card offers 50,000 miles, while the Capital One VentureOne card offers just 20,000 miles. Looking at earning potential, the Venture card earns 2 miles per dollar, while the VentureOne card earns 1.25 miles per dollar. Miles will add up quicker with the Venture card.
In regards to using your miles, both cards offer easy redemptions. You can use your miles to buy any travel you want from any vendor at the rate of 1 cent each. While the Venture card has a higher sign-up bonus and greater earning potential, it comes with a $95 annual fee that is waived for the first year. The VentureOne card does not have an annual fee. If you’re not going to spend at least $2,950 per year on the Venture card, go with the no-fee VentureOne.
All Venture cardholders receive a comprehensive package of Visa Signature perks and benefits. When you are approved for the card, a guide will be sent to you that explains all of the benefits Visa Signature offers. These will include perks like preferred seating and priority access to sporting and entertainment events. You’ll also receive VIP treatment, including upgrades and breakfast at over 900 Visa Signature Luxury Hotel Collection properties.
Other benefits include purchase and travel benefits, such as extended warranty protection, purchase damage/theft coverage, 24-hour concierge service, lost luggage reimbursement, travel accident insurance, auto rental collision damage waivers and more.
Not only can you redeem your Venture card miles with any airline, hotel or rental car company, but the redemption process to do so is simple. You can redeem your miles for the value of 1 cent each in one of two ways.
The first way is to make a qualifying travel purchase with your Venture Rewards card and then redeem your miles for a statement credit that wipes out the charge for that purchase. It’s called Purchase Eraser. Qualifying travel purchases include purchases made from airlines, hotels, rail lines, rental car agencies, limo services, bus lines, cruise lines, travel agents and time shares. There are no blackout dates and no restrictions. Get the free travel you want from any vendor.
The second way to redeem your miles, also at 1 cent each, is to book travel directly via the Capital One Rewards Center. The great news is that you can just search for the best deal anywhere and redeem your Venture Rewards miles accordingly. It’s your choice.
The miles you earn with the Capital One Venture Rewards card are each worth 1 cent, so the less travel costs, the further your miles will go. Venture miles work well for inexpensive airfare. For instance, a $400 fare will cost you 40,000 miles. If you're interested in expensive, premium cabin flights, you may get a better value utilizing your airline frequent flyer miles or transferring points from other credit card programs.
As award seat availability at the cheapest redemption levels gets scarcer as airlines continue to cut back their frequent flyer programs, the Venture card and it's super-flexible redemptions becomes more valuable. It's an easy card for beginners to use and a valuable asset for experienced travel hackers when other rewards programs aren't offering good value. Other good options for using your Venture miles may include train, ferry and bus tickets or for tours and hotel stays. You can’t purchase those types of travel with frequent flyer miles.
Compare Venture® Rewards Cards
Other Venture® Rewards cards
Should you choose the Venture card over the VentureOne card ? Both have good earning potential, the same easy redemption process and the added value of Visa Signature level travel benefits. But there are some important differences.
|Capital One® VentureOne® Rewards Credit Card|
|Sign-up bonus||20,000 miles||50,000 miles|
$0 intro for first year; $95 after that
|APR On Purchases||14.24% - 24.24% (Variable)||17.99% - 25.24% (Variable)|
|Second Year Value||$300||$480|
The Venture Rewards card has a sign-up bonus of 50,000 miles, but the VentureOne offers only 20,000 miles. However, the Venture card has an annual fee of $95 after the first year, which would require at least $2,950 in annual spending to offset that fee. If you’re not going to spend at least that much annually, you would fare better in the long run with the no-fee VentureOne card. You’ll still earn 1 mile for every dollar spent.
That said, a 50,000-mile sign-up bonus worth $500 in free travel is generous and miles can add up quickly at two miles per dollar spent. You also might want that quick $500 in travel for an upcoming trip. In that case, the Venture card.
Compare the Capital One Venture Rewards Card to Other Cards
All of the cards below allow you to redeem miles and points for travel purchases, but when it comes to redemption value, flexibility and a no-hassle process, the differences surface. The Starwood Preferred Guest card has vast redemption options through its travel partners, while the Citi and Chase cards gain an advantage at redemption only when paired with premium cards by the same issuer. The Capital One Venture Rewards card boasts simplicity in its earning and redemption processes, but it has its limitations.
The Venture card has the biggest sign-up bonus of the group at 50,000 miles, but it also comes with a $95 annual fee. The card is also the only one that earns 2 miles per dollar for all purchases, so your miles can add up quickly.
The Starwood Preferred Guest card earns 2 point per dollar spent on all purchases, plus bonuses for purchases at affiliated hotel properties. The Chase Freedom offers quarterly bonus categories where you can earn 5X points on up to $1,500 in purchases, but otherwise you’ll get just 1 point per dollar. And the Citi ThankYou Preferred offers 2X points for just dining and entertainment. Everything else gets just 1 point per dollar.
When it comes to redemption, there are striking differences. The SPG Amex card has strong redemption value and flexibility with 30 airline transfer partners and a 5,000-mile bonus when you transfer 20,000 points to an airline. You can also redeem points at over 1,500 hotels in the Marriott family of properties. If you’re looking for a hotel credit card with flexible redemption options, it’s an excellent choice, even with the annual fee.
The Chase Freedom card and Citi ThankYou Preferred card redeem points at the value of 1 cent each. However, if you hold a premium Chase or Citi card in their respective rewards programs, you can transfer points to airlines and potentially redeem them at a much higher value. With no companion premium card, you’ll have the limited option of only redeeming your points through a travel portal at 1 cent each.
For everyday spending, easy redemptions for travel purchases and a nice sign-up bonus, the Venture Rewards card holds its own. That’s especially true if redeeming miles for cheap economy flights is your priority.
Whenever you apply for a credit card make sure you read the terms and conditions of the card and the rewards program to find out about minimum spend requirements and any restrictions to ensure you can successfully obtain the card and earn the rewards it offers.
Card Terms and Conditions
While it's easy to focus on the rewards offered by the Capital One Venture Rewards credit card, it's worth taking a closer look at the terms and conditions. There's a lot to consider as you think about how you're going to use the card. Will you carry a balance, get a cash advance or maybe make a big purchase? Below is a rundown of the various interest rates, purchase protections, security features and mobile banking options that come with this Visa Signature card.
- Intro APR:
- Intro APR for balance transfers:
- Ongoing APR:
- 17.99% - 25.24% (Variable)
- Minimum Grace Period:
- 25 days
- Extended Warranty Protection:
- Doubles the length of the warranty, up to 1 year, on U.S. purchases.
- Purchase Protection:
- Coverage for damage or theft within first 90 days of purchase, up to $500 per claim.
Cash Advance Features
- Ongoing APR:
- 25.24% (Variable)
- Cash Advance Fee:
- 3% of the amount of the cash advance, but not less than $10
Security and Protections
The Venture Rewards card offers a variety of options to help keep your account secure, including personalized security alerts, mobile access to your account, chip technology and credit monitoring.
- Account Security Alerts:
- Set up alerts to be notified by email or text when large transactions occur, if there’s an unauthorized withdrawal or for any other unusual transaction on your account.
- EMV Chip Technology:
- Get global acceptance and enhanced security at merchants that use chip enabled terminals.
- CreditWise From Capital One:
- Monitoring your credit is free with CreditWise.
Manage your Venture Rewards card account via the Capital One mobile app on your smart phone. Mobile wallet and digital payment solutions also make for quick and secure transactions.
- Capital One Mobile App:
- Convenient for checking activity on your Venture Rewards card while traveling.
- Digital Payments:
- Touch and tap for a safe, simple way to pay for your purchases with Apple Pay, Android Pay or Samsung Pay.
- Capital One Wallet:
- Capture receipts digitally, lock your card, and get instant purchase notifications.
Additional Cardholder Benefits
When using your Capital One Venture Rewards card, for travel purchases, you’ll receive Visa Signature level benefits. While these credit card benefits don’t substitute for purchasing comprehensive travel insurance, they may provide additional value. Restrictions and requirements apply, so reference your Visa Signature benefit guide for more details.
Visa Signature Travel Benefits
- Auto Rental Collision Damage Waiver:
- Decline the rental car company’s coverage and charge the entire rental to your Venture Rewards Credit Card to receive theft and collision coverage.
- Baggage Delay Insurance:
- If bags are delayed over six hours, you’ll receive reimbursement for toiletries and clothing essentials. Up to $100 a day for three days.
- Lost Luggage Reimbursement:
- If you or your immediate family experience lost or damaged luggage, you may receive up to $3,000 per passenger.
- Roadside Dispatch:
- Receive 24/7 referral service for towing and locksmiths in the U.S. and Canada. Service fees apply.
- Visa Concierge Service:
- Access to 24 hour concierge service for assistance securing dinner reservations or popular tickets to entertainment and sporting events.
- Trip Cancellation/Interruption Insurance:
- If your trip is cancelled or interrupted by a covered situation, such as illness or severe weather, non-refundable travel expenses are reimbursed up to $5,000.
- Trip Delay Reimbursement:
- For a flight delay of 12 hours or more, unreimbursed expenses may be covered up to $500.
- Travel and Emergency Assistance Services:
- Get emergency legal, travel and medical referral assistance. Additional fees incurred for actual services are the responsibility of the cardholder.
- Travel Accident Insurance:
- Receive accidental death or dismemberment coverage of up to $250,000 when traveling on any air, bus, train or cruise ship transportation paid for with your card.
Editorial Disclosure: Opinions expressed here are author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.
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