Capital One® Venture® Rewards Credit Card review

Published: November 6, 2019

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

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Published: November 6, 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 4.0

In a Nutshell:

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

See if you’re prequalified for the Capital One® Venture® with CardMatch™

Learn more about this card

Rewards Rate

  • 10 miles per dollar on hotel rooms booked and paid through hotels.com/venture
  • 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
None

Annual Fee
$95, $0 in first year

Average Yearly Rewards Value ($1,325 monthly spend)
$447

APR
17.49-24.74% (variable)

Rewards Redemption
Pros

  • 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 15 airline partners

Cons

  • 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

Capital One Venture Card Review: More Details

With a flat rewards rate on all purchases, the Capital One Venture Card makes racking up miles to use for your next vacation a breeze. Plus, users can earn an inflated rate on hotels booked and paid for on Hotels.com/venture until Jan. 31, 2020.

Good sign-up bonus

The Venture card is currently offering 50,000 miles to cardholders who spend $3,000 in the first three months of approval – worth around $500 when redeemed for travel purchases. If you are looking for quick influx of miles, this is one of the most valuable sign-up offers currently available among rewards cards.

The Venture card offer is not the most lucrative bonus available, however. The Chase Sapphire Preferred Card, for example, is offering 60,000 points for users who spend $4,000 in the first three months – worth up to $750 in travel if redeemed through the Ultimate Rewards portal. The spend threshold for the Sapphire Preferred’s bonus is a little higher, so you’ll have to be able to spend a bit more in the first few months to qualify.

Earning Venture miles

The Venture card makes it easy for users to rack up plenty of miles, offering 2 miles per dollar on every purchase. In addition, cardholders can earn 10 miles per dollar on hotel stays booked and paid through Hotels.com/venture (offer ends Jan. 31, 2020).

See Related: Guide to the Hotels.com Venture® portal

While most travel rewards cards only award more than 1 mile per dollar in particular bonus categories, the Venture card offers its 2 mile-per-dollar rate on all purchases. This makes it easy to rack up plenty of rewards without having to carefully weigh your spending to a particular card. If you are the kind of spender who likes to use one card for all your purchases, the generous rate on everyday spending is a major perk.

What are Venture miles worth?

For the most part, miles you earn on your Venture card are worth 1 cent per mile, making it easy to keep track of exactly how much you have to spend. As long as you redeem them for travel – either through the Capital One Travel Center or for any previous travel purchase using the Purchase Eraser – you get good value out of your rewards.

Among rewards cards, this mile value is about the middle of the pack. If you don’t mind more maintenance, you can get a better value with cards such as the Chase Sapphire Reserve, that offer a higher point value when you redeem points a certain way or generous bonus categories.

Redeeming Venture miles

Capital One miles are some of the most flexible rewards currency available. Unfortunately, you won’t get quite as much value out of those rewards depending on how you redeem them. While it is easy to use miles to cover any travel purchase you’ve made on your card (including unconventional purchases like UberEATS orders), cash redemption options eke less value out of each mile.

Redemption option Mile value (cents)
Travel purchase in Capital One Travel Center 1
Outside travel purchases using Purchase Eraser 1
Gift card 0.8 – 1
Statement credit 0.5
Check 0.5

To get the most value out of your miles, save them for travel purchases. With the Purchase Eraser, redeeming your miles for these purchases is simple. When you log into your account on the Capital One website or app, you can choose the option to redeem a purchase to view all eligible travel costs from the last 90 days. When you choose one of the options, you’ll receive a statement credit in the amount of the purchase.

You can also opt to cover just part of the purchase with miles – even as little as one mile off the cost. The credit typically shows up in your account within five to seven days.

Transferring Venture miles

Capital One also recently added 15 travel partners that Venture cardholders can transfer miles to at a 2:1.5 rate (2:1 for JetBlue, Emirates and Singapore Airlines). Though you lose some of the value of your miles by transferring, it actually can still be beneficial for some users. Since many airline miles are worth more than 1 cent per mile, you can still stretch them further by transferring to a frequent flyer program.

Here’s a quick look at travel partners and what two Venture miles gets you with each one.

Transfer partner Value of 2 miles transferred (cents)
Qantas 1.5
Finnair 1.5
Flying Blue (AirFrance, KLM) 1.8
Aeromexico 1.5
Aeroplan (Air Canada) 2.25
Alitalia 1.5
Cathay Pacific 1.5
Etihad 2.1
EVA Air 1.5
Qatar 1.2
Hainan 1.5
JetBlue 1
Avianca 2.55
Emirates 1.1
Singapore Airlines 2.36

This is not the most robust list of travel partners. Unlike American Express Membership Rewards and Chase Ultimate Rewards, Capital One doesn’t include any major airlines in its list of partners.  However, you can still get great value out of transferring your miles. Transferring is particularly valuable for frequent flyers of Aeroplan (Air Canada), Etihad, Avianca and Singapore Airlines.

Frequent flyers of JetBlue will be pleased at Capital One’s newest addition to their list of transfer partners and its first domestic airline partnership. On the downside, the transfer rate for JetBlue is poor, and you’ll lose about half the value of your miles.

See relatedIs it worth it to transfer miles with the Capital One Venture card?

Venture card benefits

Like many travel cards, the Venture comes with several travel benefits and protections that add to its value.

  • Up to $100 credit for Global Entry/TSA Precheck – The Venture card will cover the application fee for Global Entry or TSA Precheck – a benefit usually reserved for luxury cards.
  • Travel accident insurance – In the case of accidental death or dismemberment while traveling, you can be insured up to $250,000, as long as the entire cost of the passenger fare was paid with your Venture card.
  • Extended warranty – You can double the manufacturer’s warranty up to one additional year on eligible purchases with warranties of three years or less.
  • Car rental insurance – If you pay for a rental car on your Venture card, you’ll be covered up to the cash value of the vehicle in case of damage or theft. All coverage is secondary.
  • Virtual card numbers for online shopping – To protect your card information while shopping online, you can generate a unique virtual card number for each merchant.
  • Roadside assistance – If ever need roadside services, such as jump starting or a tier change, Capital One includes them as part of your card membership.

To take advantage of these protections, put all major travel purchases on your Venture card.

Approval odds

The Venture card is designed for users with good to excellent credit (above 670), so you will want to ensure you meet those requirements before you apply. If you are not sure you will qualify – and want to avoid a hard pull on your credit – you can take advantage of tools like CardMatch™ to see if you pre-qualify for the card.

If you already own a Capital One card such as the Capital One® VentureOne® Rewards Credit Card, you might be able to upgrade your account rather than filling out a new application. That way, you don’t have to deal with a hard pull on your credit or cancelling a credit card account. Just keep in mind that you won’t be eligible for a sign-up bonus if you choose this option.

Customer experience

Among major issuers, Capital One’s customer service rating is good, but not great. The bank scored third out of 11 major issuers in J.D. Power’s 2019 customer satisfaction survey. The bank offers 24/7 customer service as well as an online chat feature to answer quick questions, but this service is difficult to locate on the website. The bank’s app does rate well however, rating 4.7 out of 5 on the Google Play Store and 4.6 out of 5 on the Apple App Store.

How does the Venture card compare to other travel cards?

The Venture card is a great, easy-to-use travel card for cardholders who want a high flat rate on all purchases. However, cards with bonus categories on certain categories of spending might be a bit more valuable for strategic spenders. Here’s a quick look at a few of our top travel card alternatives:

Chase Sapphire Preferred
Chase Sapphire Preferred Card
Wells Fargo Propel
Wells Fargo Propel American Express® card
Citi Premier
Citi Premier℠ Card (This offer is no longer available)
Rewards rate

  • 2 points per dollar on travel and restaurant purchases
  • 1 point per dollar on general purchases
Rewards rate

  • 3 points per dollar on dining, travel and transit, gas station purchases and select streaming services
  • 1 point per dollar on other purchases
Rewards rate

  • 3 points per dollar on travel, including gas
  • 2 points per dollar on restaurants and entertainment
  • 1 point per dollar on other purchases
Sign-up bonus

60,000 points if you spend $4,000 in first 3 months

Sign-up bonus

30,000 points if you spend $3,000 in first 3 months

Sign-up bonus

60,000 ThankYou points if you spend $4,000 in first 3 months

Annual fee

$95

Annual fee

$0 (See rates and fees)

Annual fee

$95

Other things to know

  • 25% higher point value when redeemed for travel through Ultimate Rewards
  • Primary car rental insurance in U.S. and abroad
  • 1 cent per point value when redeemed for a statement credit
Other things to know

  • Access to card-linked offers through American Express Connect
  • Redeem points for cash back, statement credit, travel purchases and more at 1 cent per point value
  • No foreign transaction fees
Other things to know

  • 25% higher point value when redeemed for travel through ThankYou portal
  • Access to VIP entertainment and pre-sale tickets
  • No foreign transaction fees

Chase Sapphire Preferred

One of the Venture card’s biggest competitors, the most eye-catching feature of the Chase Sapphire Preferred card is its sign-up bonus – worth up to $750 when redeemed for travel through Ultimate Rewards. However, the Sapphire Preferred card only earns 2 points per dollar on travel and restaurant purchases, while the Venture card earns the same rate on general purchases. If you are planning on using one card for all your spending, the Venture card can be a better long-term investment.

Rewards earning son $15,900 annual spend ($8,000 travel and dining spend)

Chase Sapphire Preferred Capital One Venture
(($8,000 x 2 points per dollar) + ($7,900 x 1 point per dollar)) x 1.25 cent point value = $299 $15,900 x 2 miles per dollar x 1 cent mile value = $318

Even when you factor in the Sapphire Preferred card’s higher point value, the Venture can bring in more rewards per year.

Wells Fargo Propel

The Wells Fargo Propel card has one of the best rewards rates you can find on a card with no annual fee, with a generous bonus on popular categories such as dining and travel. In fact – since you won’t have to lose any rewards to an annual fee – the rewards rate on the Propel card can actually outpace the Venture card for most spenders.

See Related: Wells Fargo Propel vs. Capital One Venture

Citi Premier Card (not currently available)

The Citi Premier offers a 60,000-point sign-up bonus (for cardholders who spend $4,000 in first three months) and has a $95 annual fee. The Citi card is slightly more rewarding on travel purchases, however, where it offers 3 points per dollar. Since the card only earns 2 points per dollar on restaurants and entertainment and 1 point per dollar on general purchases, we estimate its average rewards rate at around 1.65 points per dollar, lower than the Venture card’s 2 miles per dollar.

However, the Premier card has a higher point value than the Venture card, thanks to its 25 percent bonus on points redeemed for travel. When we factor in the 1.25 cents that you can eke out of each point, we estimate that the average cardholder can earn around 2.06 cents of travel rewards per each dollar of spending – better than the Venture card’s 2 cents per dollar. If you intend to redeem points strictly for travel rewards, the Premier card offers a slightly better value.

Who should apply for the Venture card?

  • Cardholders looking for a straightforward rewards program with flexible redemption options.
  • Cardholders who prefer to make travel purchases on third-party sites and don’t want to lose point value.
  • Frequent flyers of Aeroplan (Air Canada), Etihad, Avianca and Singapore Airlines who want to transfer points for a higher value.

How to use the Venture card:

  • Book and pay for hotel stays through Hotels.com/venture when available to take advantage of the generous rewards on these purchases.
  • Put all big travel purchases on the card to use the protections.
  • Redeem your miles for travel purchases rather than statement credits to avoid losing value.
  • Consider pairing the Venture card with another rewards card with bonus categories on certain purchases to maximize your rewards rate.

Is the Venture card worth it?

The Capital One Venture card is one of our most popular travel cards, for good reason. It offers a simple rewards earning scheme that is particularly valuable for users who put all their spending on one card. Plus, users can earn incredible rewards on Hotels.com purchases made through the Venture portal.

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

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