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Capital One® Venture® Rewards Credit Card review

Published: March 13, 2019

Partner Offer: carefully review product terms on Capital One's site before applying

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Published: March 13, 2019

Partner Offer: carefully review product terms on Capital One's site before applying

Apply Now
Ratings Policy
Rewards Rating:
4.2 rating
4.2 rating
4.2 / 5
Rewards Value: 3.7
Annual Percentage Rate: 2.0
Rewards Flexibility: 5.0
Features: 3.0
Customer Experience 3.7

In a Nutshell:

This is a flexible rewards card with a high rewards rate and valuable perks for frequent travelers. 

Learn more about this card

Rewards Rate

  • 10 miles per dollar on hotel rooms booked and paid through
  • 2 miles per dollar on other purchases

Sign-up Bonus
50,000 miles when you spend $3,000 within 3 months of approval

Annual Bonus

Annual Fee
$95, $0 in first year

Average Yearly Rewards Value ($1,325 monthly spend)

17.99-25.24% (variable)

Rewards Redemption

  • No blackout dates
  • No expiration dates
  • No limits on miles
  • Redeem any hotel or airline purchase for a statement credit
  • No minimum miles required to redeem for travel
  • Transfer miles to 12 airline partners starting in December


  • Miles transfer at less than 1:1 ratio (2:1.5)
  • List of airline partners currently doesn’t include any large U.S. airlines

Customer Experience

Other Notable Features: No foreign transaction fees; Visa Signature benefits, including $250,000 of travel accident insurance, travel discounts and upgrades

Some cardholders enjoy scouring the fine print of their agreement for opportunities to squeeze some extra value out of their rewards points. Others don’t have the time. If you are a time-crunched cardholder who is loathe to navigate a maze of restrictions and blackout dates, the Capital One Venture Rewards credit card is the card for you. Capital One offers a simple, straightforward rewards program that strives to combine the best of all things: ease, flexibility and a good general rewards rate.

High rewards across the board

With two miles for every dollar of spending, the Venture Rewards card has one of the best general rewards rates on the market. The card also offers a one-time bonus of 50,000 miles – one of the most generous bonuses available. The high return on travel rewards – 1 cent per mile on average – means you can get up to $500 in value for meeting the spending threshold within three months of approval.

10x miles at

Cardholders who use to book their hotel stays now have a way to earn extra miles on top of the regular 2 mile earning rate. If you book and pay for a room through the new Venture portal, you will earn 10 miles per dollar. This bonus rate is unlimited and applies to any reservation you make through the portal until Jan. 31, 2020. offers a worldwide list of hotels – including major hotel chains, boutiques, apartments and more — with competitive pricing.

If you are a frequent traveler, you could easily use this perk to boost your earning rate well above the card’s regular 2 miles per dollar. And, if you join the loyalty program, you also get the benefits of that program, which gives you a free hotel night after every 10 nights that you collect on the site.

Flexible redemption options

What really sets the Venture Rewards card apart is the flexibility of redemption. There are no expiration dates, limits on miles or blackout dates. Moreover, you can book airline and hotels on outside websites and redeem purchases for statement credits. This gives you the freedom to book travel whenever and however you please, regardless of brand, and even allows you to take advantage of outside promotions. As a unique feature, there’s no minimum for travel purchases. You can redeem a plane ticket for as little as a dollar’s worth of miles.

New mile transfer options

Capital One recently announced a new mile transfer option for new and existing cardholders. Card members can now transfer miles at a 2:1.5 ratio to 12 airline partners. As you can see from the chart below, the list currently doesn’t include any major U.S. airlines – making the Venture card a less ideal for point-transfer than some of its competitors (i.e., Chase Ultimate Rewards and American Express Membership Rewards):

Venture Card transfer partners

Partner Airline Alliance
Aeromexico SkyTeam
Aeroplan (Air Canada) Star
Alitalia SkyTeam
Avianca Star
Cathay Pacific oneworld
Emirates N/A
Etihad N/A
EVA Air Star
Finnair oneworld
Flying Blue (AirFrance, KLM) SkyTeam
Hainan N/A
Qantas oneworld
Qatar oneworld
Singapore (KrisFlyer) Star

Nonetheless, there are a good options in the list, plus the opportunity to expand your options by looking for awards among each airline’s alliance partners. The new transfer options make an already flexible card even more flexible and valuable.

Designed primarily for frequent travelers

One of the downsides of the card is the poor rate of return on rewards categories outside of travel.  Cash back, in particular, offers a mere 0.5 cents per mile. The simplicity of the program can also be a drawback – with no rotating categories, and a straightforward value on miles, it’s difficult to extract extra value from your miles.

The card does come with a large array of travel perks. There is no foreign transaction fee, and the card includes Visa Signature benefits, such as travel insurance, discounts and upgrades. Combining all this with a high rewards rate and a high return on travel rewards, the Capital One Venture Rewards card is a valuable card for the frequent traveler.

Why get the Capital One Venture Rewards card?

  • You want a simple, straightforward and extremely flexible rewards program with few restrictions
  • You charge a sufficient amount on your credit card (more than $3,000/year) to balance out the annual fee.
  • You’re a frequent traveler, particularly an international traveler, who will enjoy the substantial travel perks and the lack of a foreign transaction fee.
  • You prefer a wide variety of hotel and airline options and aren’t loyal to a specific brand.

How to use the Capital One Venture Rewards card:

  • Stick to redeeming your miles for travel rewards, which have the highest value. Other rewards categories have a much lower value. Cash back and gift cards are worth half as much as travel rewards.
  • You can redeem your travel purchases (including hotels and other types of travel expenses) for a statement credit.
  • You can also get some extra value by using your miles for special travel deals within Capital One’s rewards website.
  • While redeeming your miles for statement credits will generally offer the best value, you should keep an eye out for deals with each of the Venture card’s airline partners to maximize your rewards (Aeroplan, Avianca and Eva Air are especially valuable partners).
  • Book and pay for your hotel reservations through to earn 10 miles per dollar and register with the loyalty program to earn free nights.

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All reviews are prepared by staff. Opinions expressed therein are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including card rates and fees, presented in the review is accurate as of the date of the review. Check the data at the top of this page and the bank’s website for the most current information.

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Partner Offer: carefully review product terms on Capital One's site before applying

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