New Venture cardholders can receive a one-time 50,000-mile bonus after spending $3,000 in the first three months of card membership. Add in an impressive ongoing rewards rate and the card is a solid option for aspiring or frequent travelers.
The Capital One® Venture® Rewards Credit Card* is currently offering new cardholders a one-time 50,000-mile bonus after spending $3,000 in the first three months of card membership.
But this generous sign-up bonus now comes at a price: As of May 2020, the Venture card no longer waives its $95 annual fee for the first year of card membership. Previously, the card charged no annual fee in the first year.
Given this, how does the card’s bonus measure up? Here we take a look at how much you stand to earn in your first year and beyond.
See related: Are credit card annual fees worth it?
Venture card changes
|Previous offer||Updated offer|
|Sign-up bonus||40,000 miles after $3,000 spend in the first 3 months||50,000 miles after $3,000 spend in the first 3 months|
|Annual fee||$0 for the first year, then $95||$95 (fee no longer waived in first year)|
Miles for every purchaseAlong with a 50,000-point sign-up bonus, the Venture card lets cardholders earn 2 miles per dollar on all purchases. We value Capital One miles at 1 cent per mile when redeemed for travel – making the sign-up bonus worth approximately $500.
Once you factor in the average consumer’s spending of $15,900 on gas, groceries and department stores each year, you have the potential to earn $723 worth of rewards in the first year of card membership. That’s $818 total earned via bonus and card spend, minus the $95 annual fee.
There is no limit on the number of miles you can earn, and your rewards won’t expire for the life of your account.
Venture versus VentureOne
Because they have such similar card names, you may be wondering what differentiates the Venture card from the VentureOne card. Take a look at our chart below to see how the cards compare side-by-side.
|Capital One® Venture® Rewards Credit Card||Capital One® VentureOne® Rewards Credit Card*|
|Rewards rate||2 miles per dollar on every purchase||1.25 miles per dollar on every purchase|
|Sign-up bonus||50,000 miles after $3,000 spend in first 3 months||20,000 miles after $1,000 spend in first 3 months|
|Introductory offer||None||0% on purchases for 12 months, then a 17.24% - 24.49% (Variable) APR|
|Estimated value in first year ($15,900 spend)||$723||$399|
As you can see, while the Venture and VentureOne cards provide almost identical card benefits, the Venture card offers a considerably higher sign-up bonus and rewards rate than that of the VentureOne card.
Indeed, even with its annual fee factored in, you’ll likely earn more per year in ongoing rewards with the Venture card thanks to its 2-mile-per-dollar rewards rate on all purchases.
Let’s crunch the numbers: Based on the average person’s spending habits, you stand to earn around $223 in rewards in your second year as a Venture cardholder (2 miles per dollar earned on a $15,900 per year spend, minus the annual fee). With the VentureOne, you’d only earn about $198 on the same spend.
On the other hand, the Venture card does not offer an introductory APR on purchases. Because of this, the VentureOne card may be a better option if you plan to carry a card balance on purchases during the first 12 months.
See related: Capital One transfer partners
* Information about the Capital One Venture Rewards Credit Card and the Capital One VentureOne Rewards Credit Card has been collected independently by CreditCards.com and has not been reviewed by the issuers. The Capital One Venture Rewards Credit Card and the Capital One VentureOne Rewards Credit Card are no longer available through CreditCards.com