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Earn 50,000 bonus miles with the Capital One Venture Rewards Credit Card

Even with an annual fee, the Venture card offers solid rewards value thanks to its first-year bonus and ongoing rewards rate

Summary

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.

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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 offerUpdated offer
Sign-up bonus40,000 miles after $3,000 spend in the first 3 months50,000 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 purchase

Along 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 CardCapital One® VentureOne® Rewards Credit Card*
Rewards rate2 miles per dollar on every purchase1.25 miles per dollar on every purchase
Sign-up bonus50,000 miles after $3,000 spend in first 3 months20,000 miles after $1,000 spend in first 3 months
Annual fee$95$0
Introductory offerNone0% on purchases for 12 months, then a 17.24% - 24.49% (Variable) APR
Estimated value in first year ($15,900 spend)$723$399
Other benefits
  • No foreign transaction fees
  • 24-hour travel assistance services
  • Auto rental collision damage waiver
  • Travel accident insurance
  • Extended warranty

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

The editorial content below is based solely on the objective assessment of our writers and is not driven by advertising dollars. However, we do receive compensation when you click on links to products from our partners. Learn more about our advertising policy

Editorial Disclaimer

The editorial content on this page is based solely on the objective assessment of our writers and is not driven by advertising dollars. It has not been provided or commissioned by the credit card issuers. However, we may receive compensation when you click on links to products from our partners.

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Capital One Venture Rewards Credit Card vs. Capital One VentureOne Rewards Credit Card

At first glance, it may be difficult to see the difference between the Venture and VentureOne cards. Read on to see why the Venture card – even with its annual fee – may be the better choice for you.

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Credit Card Rate Report Updated: July 8th, 2020
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