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Updated June 28, 2018

Capital One Venture Rewards Review: Is Card Good?

Editorial Note: This content is not provided by the card issuer. Opinions expressed here are author's alone, not those of the issuer, and have not been reviewed, approved or otherwise endorsed by the issuer.
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Want to earn more miles on everything you spend? Want travel rewards without jumping through hoops? Capital One Venture card might be what you need.

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Overall Score

3.8

Rewards

4.0

Fees

4.0

Benefits

3.5
5-point scale (the higher, the better)

Pros and Cons

  • 2x points
  • Sign-up bonus
  • No foreign transaction fee
  • $95 annual fee ($0 intro annual fee for first year)
  • No airline transfer partners
  • No intro APR

Bottom Line

Good travel credit card for the occasional traveler

Travel rewards are complicated to use these days.

Who's got the time to sign up for multiple travel loyalty programs and transfer points and call to book flights with said points. Not to mention all those blackout dates and limited seat availability.

If that sounds like you, you may just like the Capital One Venture card. It's super straightforward to use and has a great rewards structure. The sign-up bonus is generous, along with some nice travel perks.

Who This Card is Good For

This card is a good choice for travelers who have excellent credit and want to earn miles without having to do a lot of extra homework.

But watch out: there is a $95 annual fee ($0 intro for the first year).

Is the Capital One Venture right for you? We'll examine the pros and cons below.

Reasons We Like the Venture Card

© CreditDonkey

There are many reasons to like the Venture card, but we have zeroed in on the features that make it a real head-turner:

  • 2x miles on EVERYTHING: You automatically earn 2 miles for every dollar you spend with the card, with no cap on how many miles you can rack up. This makes the Capital One Venture card a great primary card for everyday spending.

  • A hot sign-up bonus: Capital One dangles a nice carrot for new customers in the form of a one-time, 50,000-mile bonus offer. This is the equivalent of a $500 travel credit that can be applied toward any travel-related purchases made in the last 90 days. You'll have to put $3,000 on the card within the first 3 months to qualify.

    Read: 23 Ways to Meet a Minimum Spend Requirement

  • No foreign transaction fees: If you routinely travel overseas, you'll never have to worry about paying that pesky 3% fee for foreign purchases that some other cards charge.

  • Super easy redemption: Miles earned with the card can be used 2 ways:

    • Applied as a statement credit toward travel-related spending in the previous 90 days. You can use them for any flights, hotel stays, car rentals, cruises, and more.
    • Booking new travel through Capital One's travel portal. You can search for airfare and hotels like you would with other online travel agencies, and then just use your points to pay.

    There is no miles redemption chart to worry about with the Capital One Venture card. You don't have to transfer miles or book complicated award flights. You don't have to worry about award blackouts or restrictions.

    How much are Capital One miles worth? The redemption value is always 1 cent per mile (so 10,000 miles = $100), whether you redeem as statement credit against recent travel purchases or use them to purchase travel through Capital One's portal.

    As you earn 2x miles on every purchase, this redemption rate effectively equals 2% cash back.

  • Up to $100 credit for Global Entry or TSA Pre application. Every 4 years, you get up to $100 credit when you use your Venture card to pay for a Global Entry or TSA Pre✓® application. Global Entry expedites customs, while TSA Pre expedites security screening. These are nice perks for frequent travelers to save on hassle.

    Tip: Between the two, we recommend Global Entry if you qualify. Global Entry is more expensive ($100 vs. $85 for TSA Pre), but it includes TSA Pre. So you essentially get both memberships with one application.

  • You pay no annual fee for the first year: The Venture card does have an annual fee of $95, but it offers an introductory fee of $0 for the first year, so you have plenty of time to try it on for size.

3 Reasons to Consider Other Cards

© CreditDonkey

The Venture card is a solid pick for some travelers but not so much for others. We've come up with a few reasons why another travel rewards card may be the better choice.

  • You use frequent traveler programs: Some other cards allow you to transfer points to a travel program (like a frequent flyer or hotel loyalty program). This often allows you to get more mileage out of your points. In many cases, this could increase the value of each point to over 2 cents per mile. But you won't have that option with the Venture Rewards card. With the Venture card, your redemption rate will always be just 1 cent per mile.

    To learn more about airline miles and points, read our Beginner's Guide.

  • There's an annual fee: After the first year, the annual fee is $95. Some people may not like the idea of paying money to use a credit card.

    There is a no-annual-fee version of the card: Capital One VentureOne. Instead of 2x miles on purchases, you get 1.25x miles.

    How do you know which is the better deal? If you spend more than $12,672/year ($1,056/month) on your credit card, you will come out ahead in rewards with the Venture, even with the $95 annual fee.

    • With Venture: $12,672/year * 2x miles = 25,344 miles/year = $253/year in rewards
    • With VentureOne: $12,672/year * 1.25x miles = 15,840 miles/year = $158/year in rewards
    • $253 - $158 = $95 (which is the annual fee)

  • You carry a balance: If you don't pay your card off in full each month, the interest rate is quite high. The APR on purchases and balance transfers is 14.74% - 24.74% (Variable), depending on your creditworthiness. And there is no 0% APR promotional period.

  • Your credit's not that great: When it comes to travel credit cards, the better the rewards are, the better your credit score needs to be. This card is no exception; if your credit is less than stellar, you may not qualify.

Did you know: All Capital One cards holders have access to CreditWise - a service that allows you to monitor your credit score. It monitors recent inquires, new account openings, and credit utilization. This can help protect you from becoming a victim of identity theft.

Our Opinion: Is the Capital One Venture Rewards Worth It?

Our general opinion is yes - this is a great travel rewards cards. The 2x points on everything is hard to beat.

But it also depends on what kind of traveler you are. We think this card is more geared towards the casual traveler who likes being able to get a discount now and then.

In a recent survey performed by Capital One regarding travel rewards, they discovered the following:

  • About half of the people surveyed think travel rewards are just too complicated to use.
  • Half the people think using miles to book award travel is too challenging, and thus avoid doing so.
  • Over a quarter of the people are frustrated with not being able to use their rewards when they want to.

If you are in this half of the group that prefers simplicity in a rewards card, then you'd appreciate the Capital One Venture card. You simply book travel and then use your miles as statement credit (applied to travel expenses in the last 90 days). You can book on any airline or hotel, at any time. There are absolutely no restrictions on dates, seats, etc.

The trade-off for simplicity is that your reward redemption rate will always just be 1 cent per mile.

How many Capital One miles do I need for a flight? This depends on the cost of your flight. The redemption value is 1 cent per mile. So this means if your flight costs $300, you will need 30,000 points. Earning 2 miles per dollar on all purchases, that means you would need to spend $15,000 to earn enough miles for your flight - not including the 50,000-mile bonus promo.

How the Venture Card Compares

To round out our review, we decided to compare the Venture card to some of its competitors. Take a look at how it stacks up against these travel rewards heavy-hitters.

If you want to be able to transfer points:
Chase Sapphire Preferred
Apply for Chase Sapphire Preferred Card
Chase Sapphire Preferred: This is a popular card for travelers because of its ability to transfer points to multiple travel partners (including United and Southwest). Compared to the Capital One Venture card, the Preferred's reward structure isn't as great. You get 2x points on travel and dining and 1x on all other purchases. But the real value is being able to transfer points, which could potentially make each point worth a lot more.

 

Capital One Venture

Chase Sapphire Preferred

 

Interest Rates and Fees

Purchase APR14.74% to 24.74% (Variable) based on your creditworthiness and other factors17.99% to 24.99% Variable based on your creditworthiness and other factors
Balance Transfers APR14.74% to 24.74% (Variable) based on your creditworthiness and other factors17.99% to 24.99% Variable based on your creditworthiness and other factors
Balance Transfer FeeNo balance transfer feeEither $5 or 5% of the amount of each transfer, whichever is greater.
Annual Fee$0 intro annual fee for first year; $95 after that$0 Intro Annual Fee for the First Year, then $95
 

Benefits and Features

Airline DealIntroductory Bonus Airline Rewards: Earn a one-time bonus of 50,000 miles if you spend $3,000 on purchases within three months of account opening (worth $500 in travel). 
Points Deal Introductory Bonus Reward Points: Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
TravelTravel Rewards: Earn 2x miles per dollar on all purchases. Redeem your miles for travel purchases on any airline, hotel, or car rental.Travel Rewards: 2X points on travel and dining at restaurants & 1 point per dollar spent on all other purchases worldwide.
1:1 point transfer to leading airline and hotel loyalty programs
AirlineAirline Rewards: Earn 2x miles per dollar on all purchasesAirline Rewards: 1:1 point transfer to leading airline and hotel loyalty programs
Hotel Hotel Rewards: 1:1 point transfer to leading airline and hotel loyalty programs
Points Point Rewards: 2X points on travel and dining at restaurants & 1 point per dollar spent on all other purchases worldwide
Restaurant Dining Rewards: 2X points on travel and dining at restaurants & 1 point per dollar spent on all other purchases worldwide
Airline Transfer Partners Airline Transfer Partners: Chase airline transfer partners include United Airlines, Southwest Airlines, JetBlue, British Airways, Air France, Singapore Airlines, Virgin Atlantic, Iberia, and Aer Lingus.

Capital One Venture: Pricing information including interest rates, rewards, benefits and fees was obtained on June 28, 2018 from published websites and is believed to be accurate, but not guaranteed.

Disclaimer: The information for the Capital One® Venture® Rewards Credit Card has been collected independently by CreditDonkey. The card details on this page have not been reviewed or provided by the card issuer.

Read our detailed comparison of the two cards.

If you prefer cash back:
Capital One Quicksilver: Travelers who prefer cash back to miles or points may like the Quicksilver card. The card earns 1.5% unlimited cash back on every purchase, plus a $150 cash back bonus when you spend $500 in the first 3 months.

The Quicksilver card also has no annual fee and no foreign transaction fees.

 

Capital One Venture

Capital One Quicksilver

 

Interest Rates and Fees

Introductory APR for PurchasesN/A0% intro on purchases for 15 months
Introductory APR for Balance TransfersN/A0% intro on balance transfers for 15 months
Purchase APR14.74% to 24.74% (Variable) based on your creditworthiness and other factors14.74% to 24.74% (Variable) based on your creditworthiness and other factors
Balance Transfers APR14.74% to 24.74% (Variable) based on your creditworthiness and other factors14.74% to 24.74% (Variable) based on your creditworthiness and other factors
Balance Transfer FeeNo balance transfer fee3% of the amount of each transfer that posts to your account within the first 15 months.
Annual Fee$0 intro annual fee for first year; $95 after that$0 annual fee
 

Benefits and Features

Cash Back Deal Introductory Bonus Cash Back: Earn a one-time $150 bonus if you spend $500 on purchases within three months of account opening.
Airline DealIntroductory Bonus Airline Rewards: Earn a one-time bonus of 50,000 miles if you spend $3,000 on purchases within three months of account opening (worth $500 in travel). 
Cash Back Cash Back Rewards: Earn 1.5% cash back on every purchase
TravelTravel Rewards: Earn 2x miles per dollar on all purchases. Redeem your miles for travel purchases on any airline, hotel, or car rental. 
AirlineAirline Rewards: Earn 2x miles per dollar on all purchases 

Capital One Venture: Pricing information including interest rates, rewards, benefits and fees was obtained on June 28, 2018 from published websites and is believed to be accurate, but not guaranteed.

Capital One Quicksilver: Pricing information including interest rates, rewards, benefits and fees was obtained on June 28, 2018 from published websites and is believed to be accurate, but not guaranteed.

Disclaimer: The information for the Capital One® Venture® Rewards Credit Card and Capital One® Quicksilver® Cash Rewards Credit Card has been collected independently by CreditDonkey. The card details on this page have not been reviewed or provided by the card issuer.

If you want a travel rewards card with no annual fee:
Capital One VentureOne: For a no-annual fee version of this card, look no further than the VentureOne card. It works much the same way as the Capital One Venture, but the rewards are smaller. You'll get 1.25x miles on all purchases with no limit on how many miles you can earn.

If you spend less than $1,056/month on your credit card, then it's better to go with the VentureOne. You'll be able to keep more rewards since there's no annual fee.

 

Capital One Venture

Capital One VentureOne

 

Interest Rates and Fees

Introductory APR for PurchasesN/A0% intro on purchases for 12 months
Purchase APR14.74% to 24.74% (Variable) based on your creditworthiness and other factors13.74% to 23.74% (Variable) based on your creditworthiness and other factors
Balance Transfers APR14.74% to 24.74% (Variable) based on your creditworthiness and other factors13.74% to 23.74% (Variable) based on your creditworthiness and other factors
Balance Transfer FeeNo balance transfer feeNo balance transfer fee
Annual Fee$0 intro annual fee for first year; $95 after that$0 annual fee
 

Benefits and Features

Airline DealIntroductory Bonus Airline Rewards: Earn a one-time bonus of 50,000 miles if you spend $3,000 on purchases within three months of account opening (worth $500 in travel).Introductory Bonus Airline Rewards: Earn a one-time bonus of 20,000 miles if you spend $1,000 on purchases within three months of account opening (worth $200 in travel)
TravelTravel Rewards: Earn 2x miles per dollar on all purchases. Redeem your miles for travel purchases on any airline, hotel, or car rental.Travel Rewards: Earn 1.25 miles per dollar on all purchases. Redeem your miles for travel purchases on any airline, hotel, or car rental.
AirlineAirline Rewards: Earn 2x miles per dollar on all purchasesAirline Rewards: Earn 1.25 miles per dollar on all purchases.

Capital One Venture: Pricing information including interest rates, rewards, benefits and fees was obtained on June 28, 2018 from published websites and is believed to be accurate, but not guaranteed.

Capital One VentureOne: Pricing information including interest rates, rewards, benefits and fees was obtained on June 28, 2018 from published websites and is believed to be accurate, but not guaranteed.

Disclaimer: The information for the Capital One® Venture® Rewards Credit Card and Capital One® VentureOne® Rewards Credit Card has been collected independently by CreditDonkey. The card details on this page have not been reviewed or provided by the card issuer.

Bottom Line

© CreditDonkey

The Venture card is a simple and straightforward choice for casual travelers who don't have time to deal with a complicated rewards structure and even more complicated redemption options.

The 2x miles on everything will have you racking up the miles fast, and you can book your travels however you want, with no limitations.

But if you're a more serious traveler, keep in mind that some other travel reward cards offer a shot at earning more rewards. If you love getting the best deals possible, you may like a card that lets you transfer points to airlines and hotels. So before you make your final choice, consider how your spending habits align with the card and how frequently you travel.

(Additional Writing by Anna G)

    Learn more about Capital One® Venture®

Rebecca Lake is a journalist at CreditDonkey, a credit card comparison and reviews website. Write to Rebecca Lake at rebecca@creditdonkey.com

Disclaimer: Opinions expressed here are author's alone. Please support CreditDonkey on our mission to help you make savvy decisions. Our free online service is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content.

Editorial Note: This content is not provided by Capital One. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Capital One.

Disclaimer: This content was first published on February 3, 2017. This content may have been updated on June 28, 2018. Information including APR, terms and benefits may vary, be out of date, or not applicable to you. Information is provided without warranty. Please check Capital One website for updated information.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. This site may be compensated through the Advertiser's affiliate programs.

Disclaimer: The information for the Capital One® Venture® Rewards Credit Card, Capital One® Quicksilver® Cash Rewards Credit Card, and Capital One® VentureOne® Rewards Credit Card has been collected independently by CreditDonkey. The card details on this page have not been reviewed or provided by the card issuer.

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Compare Capital One Venture to:

Compare Capital One Venture vs Chase Sapphire Preferred

Chase Sapphire Preferred® Card

Compare Capital One Venture vs Capital One Quicksilver

Capital One® Quicksilver® Cash Rewards Credit Card

Compare Capital One Venture vs Capital One VentureOne

Capital One® VentureOne® Rewards Credit Card


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Do you have a Capital One Quicksilver credit card? Learn the best ways to get help for all of your account needs.
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