Reviews Capital One Venture Rewards credit card review

Capital One Venture Rewards credit card review

Published: March 24, 2017
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Ratings Policy
Rewards Rating:
4.3 rating
4.3 rating
4.3 / 5
Rewards Value: 4.0
Annual Percentage Rate: 2.5
Rewards Flexibility: 4.8
Features: 4.0

In a nutshell:

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

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Rewards Rate
2:1 on general purchases

Sign-up Bonus
40,000 points when you spend $3,000 within 3 months of approval

Annual Fee
$59, $0 in first year

Average Yearly Rewards Value ($1,325 monthly spend)
$412

APR
13.49-23.49% (variable)

Rewards Redemption
Pros

  • No blackout dates
  • No expiration dates
  • No point limits
  • Redeem any hotel or airline purchase for a statement credit
  • No minimum points required to redeem for travel

Cons

  • No ability to transfer points

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

Travel Rating:
4.3 rating
4.3 rating
4.3 / 5
Rewards Value: 4.0
Annual Percentage Rate: 2.0
Rewards Flexibility: 4.8
Features: 4.0

In a nutshell:

With a double rewards rate on purchases, a generous sign-up bonus and a comparatively low annual fee, the Venture card from Capital One is a good value for heavy spenders.

Learn more about this card

Rewards Rate
2:1 on general purchases

Sign-up Bonus
40,000 points when you spend $3,000 within 3 months of approval

Annual Fee
$59, $0 first year

Average Yearly Rewards Value ($1,325 monthly spend)
$412

APR
13.49-23.49% (variable)

Rewards Redemption
Pros

  • No blackout dates
  • No expiration dates
  • No point limits
  • Redeem any hotel or airline purchase for a statement credit
  • No minimum points required to redeem for travel

Cons

  • No ability to transfer points

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 points for every dollar of spending, the Venture Rewards card has one of the best general rewards rates on the market. The card also offers 40,000 points on sign-up – one of the most generous bonuses available. The high return on travel rewards – 1 cent per point on average – means you can get up to $400 in value for meeting the spending threshold within three months of approval.

Flexible redemption options

What really sets the Venture Rewards card apart is the flexibility of redemption. There are no expiration dates, point limits 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 points.

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 point. The simplicity of the program can also be a drawback – with no rotating categories, and a straightforward value on travel points, it’s difficult to extract extra value from your points.

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.

Reasons to sign up for it:

  • You want a simple, straightforward points 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 it:

  • Stick to redeeming your points 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 statement credit.
  • You can also get some extra value by using your points for special travel deals within Capital One’s rewards website.

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