Capital One Venture Card Review

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The Capital One Venture Rewards is a well-known travel card that offers a respectable 2 miles for every $1 you spend as well as valuable travel benefits. If you use it regularly, you shouldn’t have difficulty earning enough rewards to pay for airline tickets, hotels, or car rentals.

Capital One® Venture® Rewards Credit Card

Overall Rating
3.9
Capital One® Venture® Rewards Credit Card
Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Good - Excellent
Regular APR (%) 17.24% - 24.49% variable
Annual Fee $95
Rewards Earning Rate Earn 2 miles per dollar on every purchase. Redeem on travel-from vacation rentals to car rentals and more. Plus transfer your miles to over 10+ travel loyalty programs.
Foreign transaction fee (%) 0%
Ratings Breakdown
for Interest
1.9
for Fees
2.5
for Rewards
3.4
for Credit
3.7
Current Offer

Earn 100,000 bonus miles when you spend $20,000 on purchases in the first 12 months from account opening, or still earn 50,000 miles if you spend $3,000 on purchases in the first 3 months.

Who Is This Credit Card Best For?

  • Avatar for Jet Setter Persona
    Flies regularly and likes finding ways to score even more travel—for free See more cards
    Jet Setter
  • Avatar for Deal Seeker Persona
    Diligently searches for the best products and delights in a good bargain See more cards
    Deal Seeker
  • Avatar for Road Warrior Persona
    Hits the road often, whether for work or play See more cards
    Road Warrior
  • Avatar for Adventure Seeker Persona
    Loves to explore places and experience new things See more cards
    Adventure Seeker

This card is for people who want to earn travel rewards, but don’t want to track bonus categories or navigate complicated travel restrictions. Since you’ll earn the same 2 miles on every purchase, you won’t have to worry about bonus-earning categories that many other travel rewards cards have. 

Even if you typically rely on other cards to earn even more than 2 points per dollar spent on your, say, travel, restaurant, gas, or grocery spending, you could use this card as a high-earning supplemental card for purchases that don’t earn a larger bonus.

Pros
  • Simple and predictable miles earning

  • Fee credit for TSA Precheck or Global Entry

  • Miles transferable to airline and hotel partners

  • Great bonus for new cardholders

Cons
  • Limited airline partners

  • Transfer to partners are not on a a 1:1 basis

Pros Explained

  • Simple and predictable miles earning: Every purchase you make will earn the same 2 miles for every $1 you spend. That means you don’t have to keep track of different rewards rates for different categories of spend. 
  • Fee credit for TSA Precheck or Global Entry: If you apply for TSA Precheck or Global Entry, Capital One will reimburse you for the fee when you pay with your Venture card. You are eligible for a reimbursement every four years. 
  • Miles are transferable to airline & hotel partners: Capital One lets you transfer your miles to 13 airline partners and two hotel partners. 
  • Great bonus for new cardholders: This card offers one of the best bonuses among general travel cards that charge similar annual fees right now. You'll have to use the card for a year in order (and meet the spending requirement) to get the full sum of extra miles, but we think it's worth the effort.

Cons Explained

  • Limited choice of airline partners: All but one of the airline transfer partners are foreign airlines, some of which only fly in limited areas of the globe. Jet Blue is the only domestic airline transfer partner. 
  • Transfers to partners is not on a 1:1 basis: For every 100 Venture points you transfer to an airline or hotel, you’ll only get 50 or 75 miles or points with that partner (depending on the partner). Competing programs such as Chase Ultimate Rewards give you 100 hotel or airline loyalty points for every 100 Ultimate Rewards points.

Capital One Venture Rewards Card Bonus for New Cardholders

Earn 100,000 bonus miles when you spend $20,000 on purchases in the first 12 months from account opening, or 50,000 miles if you spend $3,000 on purchases in the first 3 months. The full bonus is worth $1,000 when miles are used to reimburse travel purchases made with your Venture card using the Capital One Purchase Eraser (more about that below). This is one of the best bonuses offered by a flexible travel rewards card right now.

Earning Points & Rewards

Purchases you charge to your Venture card will earn an unlimited 2 miles per $1 spent. The average U.S. household spends around $24,297 a year, based on data from the Bureau of Labor Statistics. That spending could earn 48,594 miles that may be worth $485.94.

Depending on your spending habits, you may be able to out-earn some premium rewards cards that only offer bonus points on select purchase categories, such as restaurants or travel.  

Redeeming Rewards 

Redeeming your miles can be effortless—especially if you use them for travel. Capital One offers a redemption tool called “Purchase Eraser,” which essentially removes any qualifying travel purchases you’ve made within the past 90 days by crediting you with the total cost of your purchase.

It’s not easy to redeem rewards on travel right now, so, for a limited time, Venture allows cardholders to redeem points/miles on stuff many people are spending money on right now: restaurants (including delivery and takeout) and streaming entertainment services. See “Credit Card Deals Help You Earn and Use Travel Benefits During COVID-19” for more information.

If you don’t want to spend your own money upfront, you can also book travel through Capital One’s rewards center, using your rewards miles to pay for:

  • A hotel room
  • Car rental booking
  • Airplane ticket

Each mile will be worth 1 cent when used this way, so if you want to book a $400 airfare, you’ll need 40,000 miles to pay for it.

In addition, you can transfer your points to Capital One’s airline partners. For all but two of them, you’ll need to transfer 2 Capital One miles to get 1.5 airline miles. For Emirates and Singapore Airlines, 2 Capital One miles will only buy you 1 airline mile.

Given that transfer ratio, The Balance values miles used for JetBlue at 1.07 cents per mile on average; that’s right around the 1 cent-per-mile benchmark you’d want from a travel card.

You can also redeem Capital One miles for gift cards (0.8 cents per mile) and cash back (0.5 cents per mile). Given those values, these are not options we recommend.

How to Get the Most Out of This Card

Don't let the massive bonus pass you by. Spend $1,667 per month using this card, on average, and you'll meet the spending requirement for the full 100,000-mile bonus. The simplest way to use this card is to put all your purchases on it. However, you could also pair it with another card that earns more for certain categories of purchases—4% cash back on dining and entertainment, for example. Then, use your Venture card for any purchases that fall outside of the bonus categories.

Make sure you use your credit for Global Entry or TSA Precheck, which can speed you through airports and give you more value from the card.

On the redemption side, use your miles for travel purchases rather than for cash back or gift cards. 

The Capital One Venture Rewards Card’s Excellent Perks

As a cardholder, you get certain benefits our editors have deemed as being “excellent” because they’re more valuable than the standard perks many rewards cards offer.

  • Global Entry/TSA Precheck application fee reimbursement: Get reimbursed up to $100 if you use your Venture card to pay the application fee for either of these expedited airport-security programs. 
  • Coverage for lost luggage: If your carry-on or checked baggage is lost on a trip paid for with your Venture card, you could be reimbursed for up to $3,000. 
  • Travel accident insurance: Should something terrible happen to you, your spouse, or your children on a trip paid for with your card, this policy provides coverage for up to $250,000 against accidental loss of life, limb, sight, speech, or hearing.

The Capital One Venture Rewards Card’s Other Features

  • Auto rental collision damage waiver
  • Extended warranties
  • Insurance for stolen or damaged purchases
  • Roadside assistance
  • Concierge for booking event tickets, travel, and other services
  • Travel and emergency assistance services

Customer Experience

According to J.D. Power’s most recent credit card satisfaction survey, Capital One ranked fourth for credit card satisfaction (out of 11 companies surveyed). Capital One offers a well-regarded credit card app, too. J.D. Power ranked the app third out of 11 banks in its survey of credit card and banking apps.

For the credit-score-curious, there’s a complimentary credit score monitoring tool called CreditWise (available to non-cardholders, too), which gives you access to your VantageScore 3.0 credit score.

Security Features

Capital One offers security features that are standard for the credit card industry. Also, you can get alerts if the company notices a change to your TransUnion and Experian credit report or if it spots unauthorized use of your Social Security number.

The Capital One Venture Rewards Card’s Fees

The fees associated with the Capital One Venture Card are in line with industry norms.

Next Steps
For Capital One® Venture® Rewards Credit Card
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CURRENT CARD
Capital One® Venture® Rewards Credit Card
overall rating
3.9
Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Good - Excellent
Regular APR (%) 17.24% - 24.49% variable
Annual Fee $95
Rewards Earning Rate Earn 2 miles per dollar on every purchase. Redeem on travel-from vacation rentals to car rentals and more. Plus transfer your miles to over 10+ travel loyalty programs.
Our Methodology
At The Balance, we are dedicated to giving you unbiased, comprehensive credit card reviews. To do this, we collect data on hundreds of cards and score more than 55 features that affect your finances.
  • Our Reviews Are Always Impartial: No one can influence which cards we review, the way we present them to you, or the ratings they receive. The scores and reviews come directly from the data we collect and our editorial expertise, and we focus on three areas:
  • How Much Does It Cost? With credit card debt at an all-time high, we believe you should know the cost of carrying a balance. Because of that, we give regular purchase APRs significant weight in overall scores, and cards receive low marks if they have an array of pricey fees.
  • What Are the Rewards Worth? Cards accumulate rewards in different currencies—points, miles, cash back—and their values vary widely. To simplify the problem, we built a system that fairly compares rewards and gives them a dollar value. We do this by looking at the ways you can earn and use rewards, which includes evaluating Americans’ typical spending habits and analyzing common travel patterns.
  • Does It Make Your Life Easier? Our scoring system favors cards that accept a wide range of credit profiles and offer simple solutions for things like checking your credit score or contacting customer service. Finally, we give preference to credit cards that have several tools for dealing with fraudulent charges.
  • For every review on The Balance, we hold the credit cards to these standards, and we set the bar high. While we recognize the appeal of splashy features like six-digit sign-up bonuses, our approach ensures that credit cards with the best combination of value, affordability, and accessibility receive the highest scores. See our full methodology for more details.

Article Sources

The Balance requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy .
  1. Capital One "Venture Miles Rewards Credit Card." Accessed Oct. 13, 2020. 

  2. U.S. Bureau of Labor Statistics. "Consumer Expenditures -- 2019." Accessed Oct. 13, 2020. 

  3. Capital One. "Your Guide to Card Benefits." Page 1. Accessed Oct. 13, 2020. 

  4. Capital One. "Your Guide to Card Benefits." Page 7. Accessed Oct. 13, 2020. 

  5. J.D. Power. "Customers Losing Faith in Credit Card Issuers as COVID-19 Pandemic Lingers, J.D. Power Finds." Accessed Oct. 13, 2020. 

  6. J.D. Power. "Bank and Credit Card Provider Investments in Easy-to-Use Digital Tools Pay Off, J.D. Power Finds." Accessed Oct. 13, 2020.