Capital One Venture Rewards Credit Card Review

The Capital One Venture Rewards Credit Card is one of the most popular cards on the market. This card boasts a generous introductory bonus of 75,000 miles (worth $750 in travel) after spending $4,000 in the first three months, making it ideal for frequent travelers or those planning a dream vacation. Earn 2x miles on everyday purchases.

Earn 5x miles on hotels and rental cars booked through Capital One Travel. Earn 2 miles per dollar on all standard purchases and 5 miles per dollar on hotels and rental cars booked through Capital One Travel. The Capital One Venture Rewards Credit Card could be your perfect travel companion with no foreign transaction fees and flexible redemption options.

However, if you want travel rewards that are easy to earn, easy to understand, and nearly effortless to redeem, you won’t find many travel credit cards better than this one.

Quick Highlights

Earn 75,000 bonus miles after spending $4,000 on purchases within the first three months from account opening.
Earn 2x miles on everyday purchases.
Earn 5x miles on hotels and rental cars booked through Capital One Travel.
There are no foreign transaction fees.
Redeem miles for travel with any airline, hotel, or car rental company.
Global Entry or TSA PreCheck credit of up to $100.
Enjoy unlimited complimentary access for you and two guests to 1,300+ airport lounges, including Capital One Lounges and our Partner Lounge Network.
Miles can be transferred to 15+ travel loyalty programs for added flexibility.
Exclusive benefits at participating hotels from the Lifestyle Collection
No expiry date for earned miles

Capital One Venture Rewards Card Rewards and Benefits

Rewards

Earning: 75,000 bonus miles: Earn this after spending $4,000 on purchases within the first three months of account opening.
2x miles: Earn on every purchase, everywhere.
5x miles: Earn on hotels and rental cars booked through Capital One Travel.

Benefits

Flexible redemption options: The Capital One Venture card allows you to redeem your miles for any travel purchase without blackout dates or restrictions. You can also transfer your miles to over 15+ travel partners, making it a versatile option for frequent travelers.
High earning potential: The card offers a straightforward rewards structure of 2x miles per dollar spent on all purchases, allowing you to earn rewards quickly and easily.
No foreign transaction fees: Avoid extra charges when using your card abroad.
Travel insurance: Enjoy various travel insurance benefits like purchase protection, auto rental collision damage waiver, and travel accident insurance. In case of accidental death or dismemberment while traveling, the card provides up to $250,000 in coverage.
Global Entry or TSA PreCheck credit: Get up to $100 credit towards the application fee for Global Entry or TSA PreCheck.
Airport lounge access: Enjoy unlimited complimentary access for you and two guests to 1,300+ airport lounges, including Capital One Lounges and their Partner Lounge Network.
Redemption Flexible: Redeem your miles for any travel purchase with any airline, hotel, or car rental company: no blackout dates or seat restrictions.
Statement credit: Use miles towards a statement credit for past travel purchases.
Transfer miles: Transfer miles to select travel partners.
No expiration: Miles only expires as long as your account is open.
Other benefits: extended warranty on purchases and emergency card replacement services.

Capital One Venture Rewards Card Rate and Fee

APR for Purchases and Transfers: 99%, 26.24%, or 29.99%. This APR is based on the market prime rate.
APR Cash Advances: 99%
Paying Interest: Your due date is at least 25 days after the close of each billing cycle.
Intro Purchase APR: N/A
Intro Balance Transfer APR: N/A
Balance Transfer Fee: 4% of the amount of each transfer balance.
Late Payment: Up to $40
Cash Advance Fee: Either $5 or 5% of the amount of each cash advance, whichever is greater.
Annual fee:$95.

(See Rates and Fees)

Capital One Venture Rewards Card Rewards Redemption

Redeem for travel

Book flights, hotels, and car rentals: You can use your miles to book travel with any airline, hotel, or car rental company. This gives you great flexibility in how you use your rewards.
Transfer miles to travel partners: Capital One has partnerships with over 15 travel loyalty programs, allowing you to transfer your miles to their programs for potentially better redemption rates on specific airlines or hotels.
Book through Capital One Travel: Use your miles to book travel through Capital One Travel, which can sometimes offer additional discounts or perks.

Redeem for other options.

Cash back: Redeem your miles for cash back deposited into your bank account.
Gift cards: Choose from various gift cards from popular retailers and restaurants.
Statement credit: Apply your miles towards your credit card statement balance.
Entertainment: Redeem miles for exclusive tickets, events, and perks through Capital One Entertainment.

For students

Capital One offers several student credit cards with lower annual fees and rewards geared towards student spending, such as:

Savor One Rewards for Students: Offers 3% cash back on dining, entertainment, and groceries.
Quicksilver Rewards for Students: Offers 1.5% cash back on all purchases and a $50 bonus.

Is the Capital One Venture Card good?

The Capital One Venture Card is ideal for budget-conscious travelers who want to earn bonus miles on every purchase. It makes an unlimited 2x miles on every purchase compared to the standard 1x of most travel credit cards. Experienced travelers will also enjoy the 15+ transfer partners, so they can search out the best value redemptions based on where they travel.

Who shouldn’t get a Capital One Venture Card?

People who want to take advantage of bonus categories to maximize their purchases will be disappointed with the Capital One Venture Card. It does not offer bonus rewards on everyday purchase categories, like groceries, gas, or dining. Capital One has numerous airline and hotel transfer partners, but many may need to be familiar to the average U.S. traveler.

Application and Approval Process

Eligibility

Before applying, ensure you meet the basic eligibility criteria:

Age: 18+ years old
Residency: U.S. citizen or permanent resident
Income: Sufficient income to meet credit obligations
Credit history: good or excellent credit score (typically 670+).

Application Steps

Visit the Capital One Venture Rewards website
Review the card details: Understand the benefits, fees, and terms & conditions.
Click “Apply Now.” You’ll be redirected to the application form.
Enter your personal information: Name, address, Social Security number, date of birth, employment details, income, etc.
Review and submit: Carefully review your information before applying.

Additional Information

Pre-approval: Capital One offers pre-approval checks to see if you will be approved without impacting your credit score.
Decision: You’ll receive a decision within minutes or days.
Verification: Capital One may request additional documentation to verify your information.
Approval: If approved, you’ll receive your card within 7-10 business days.

Remember

Applying for a credit card can impact your credit score.
Consider your spending habits and choose a card that aligns with your financial goals.
Read the fine print and understand all terms before applying.

Customer Service/Phone Number

General customer service: 1-800-CAPITAL (227-4825)
Credit card fraud protection: 1-800-427-9428
Official Website: Capital One

Conclusion

This is one of the easiest-to-use and most rewarding mid-tier travel cards thanks to its flat-rate rewards, redemption flexibility, and relatively low annual fee. The Capital One Venture Rewards Credit Card is a strong contender for anyone seeking a flexible and straightforward travel rewards card. The Capital One Venture Rewards Credit Card is great for frequent travelers who value simplicity and flexibility. It offers a generous sign-up bonus, a straightforward rewards structure, and the ability to redeem miles for any travel purchase. However, other cards might be better if you are a high-spender or prioritize maximizing your rewards through transfers.

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Will Canada accept Capital One Venture rewards credit card?

Capital One Venture Rewards Credit Card is issued by Capital One in the United States and is primarily intended for use within the US. While the card itself may not be explicitly denied in Canada, there are some factors to consider:

Acceptance: While most prominent merchants in Canada accept Visa and Master card, acceptance of other networks like Capital One might be limited. You might encounter situations where the card is not accepted, especially at smaller stores or local businesses.
Foreign Transaction Fees: Even though the card itself doesn’t charge foreign transaction fees, your bank in Canada might still charge you for using the card internationally. This could negate the benefit of no fees from Capital One.
Currency Conversion: Transactions made in Canadian dollars will be converted to US dollars by your bank, which may incur additional conversion fees.

Is Capital One Venture Rewards credit card a Visa card?

Capital One Venture Rewards Credit Card is a Visa Signature card. This means it operates on the Visa network, offering the benefits and protections associated with Visa, such as:

Wide acceptance: A Visa is accepted by millions of merchants worldwide, making it a versatile card for purchases.
Security features: Visa offers various security features, including chip technology and fraud protection, to help keep your transactions safe.
Visa Signature benefits: As a Visa Signature card, you may also be eligible for additional benefits like purchase protection, extended warranty, and travel insurance (specific benefits may vary).

6.8Expert Score

Low Interest

The Capital One Venture Rewards Credit Card rewards 2x miles on every purchase, plus 5x miles on hotels and rental cars booked through Capital One Travel. New cardholders also enjoy a hefty 75,000 miles after spending $4,000 on purchases within 3 months of account opening. It also comes with no foreign transaction fee.

Low Interest Rating:

6.7

Rates, Fees, Penalties:

5.4

Rewards:

5.8

Features

Issuer Customer Experience

8.1

PROS

Redeem any hotel or airline purchase for a statement credit
No minimum miles required to redeem for travel
Transfer miles to 15+ travel loyalty programs.
No blackout dates
No expiration dates
No limits on miles

CONS

List of airline partners currently doesn’t include any large U.S. airlines.

Specification: Capital One Venture Rewards Credit Card Review

Best For:	Travel Rewards
Recommended Credit	Good to Excellent (670 – 850)
Intro Offer:	Earn 75,000 bonus miles
Rewards	2 miles per dollar on every purchase, 5 miles per dollar on hotels and rental cars
Annual Fee:	$95
Regular APR:	19.99% – 29.99% (Variable)
Intro Balance Transfers APR:	N/A
Intro Purchase APR:	N/A
Intro Purchase APR Period:	N/A
Balance Transfers Fee:	4% of the amount of each transferred balance
Foreign Transaction Fee	None
Cash Advance Fee	Either $5 or 5% of the amount of each cash advance, whichever is greater.
Late Payment Fee:	Up to $40
Cash Equivalent Fee	N/A
Convenience Check Fee	N/A
Returned Payment Fee:	N/A
Over Limit Fee:	No Over Limit Fee
Credit Card Limit:	$5,000 to $100,000 Credit Limit
Credit Card Type	Rewards, No Foreign Transaction Fee, Travel
Credit Card Features	Auto Rental Insurance, Extended Warranty Program, No Foreign Transaction Fees, Roadside Assistance, Sign-up Bonuses, Travel Accident Insurance, Travel discount