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Capital One Venture card review: One of the best travel credit cards, with a limited-time increased sign-up bonus and 2x rewards on every purchase

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Featured Reward

Earn 100,000 bonus miles once you spend $20,000 on purchases within the first 12 months from account opening (or 50,000 miles if you spend $3,000 on purchases within the first 3 months)

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  • Pros & Cons
  • Details

  • Pros
    • No bonus categories to keep track of
    • Includes up to a $100 statement credit for Global Entry or TSA PreCheck
    Cons
    • Other credit cards offer higher rewards in certain categories of spending
    • Annual Fee: $95
    • Welcome Bonus: 100,000 bonus miles once you spend $20,000 on purchases within the first 12 months from account opening (or 50,000 miles if you spend $3,000 on purchases within the first 3 months)


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    Review: Is the Capital One Venture the best credit card for you?

    The Capital One Venture Rewards Credit Card
    is a competitive travel rewards card at a moderate price point. While it does carry a $95 annual fee, it offers plenty of value and useful benefits, and it’s currently offering an increased welcome bonus: Earn 100,000 bonus miles once you spend $20,000 on purchases within the first 12 months from account opening (or 50,000 miles if you spend $3,000 on purchases within the first 3 months).

    There’s less than a week left to apply for the elevated offer — it expires on July 19, 2021.

    Read more: The Capital One Venture Rewards credit card is offering up to 100,000 miles for new cardholders — and there’s only a week left to apply

    The Capital One Venture Rewards Credit Card earns 2 miles per dollar on all purchases with no spending caps. While you can do better in certain spending categories — such as dining and travel — with other cards, if you value simplicity, earning 2x miles on all your spending is a solid solution. 

    There are some cards that might give you more value, like the Chase Sapphire Preferred Card — which also has a $95 annual fee — or The Platinum Card® from American Express
    , which comes with premium card benefits. But to get maximum return from those cards, you need to transfer your points to partners, which is a bit more involved.

    With the Capital One Venture Rewards Credit Card, you can redeem miles at a fixed value of 1 cent apiece to “erase” travel purchases from your credit card statement, without having to worry about award charts or blackout dates. But if you want to squeeze the most value from your Venture miles, you have the option to transfer them to Capital One’s airline and hotel partners for award flights and stays as well.

    Comparison: Capital One Venture vs other Capital One credit cards

    Capital One Venture vs other travel credit cards

    How to use Capital One miles 

    Redeeming miles from the Capital One Venture Rewards Credit Card is easy — much easier than some competing cards, in fact. Once you make an eligible travel purchase, you can redeem miles to wipe out the charge through a statement credit, which Capital One calls the “Purchase Eraser.”

    Read more: How to earn, redeem, and maximize Capital One miles

    Just use your card to book new travel through any airline, hotel, train, cruise, or travel agency, then reimburse yourself with miles when the transaction posts. Alternatively, you can book new travel through the Capital One portal, which works a lot like most big travel-booking sites online.

    You can currently transfer Capital One miles to over a dozen airline and hotel partners. The issuer recently added four new partners — British Airways, Turkish Airlines, TAP Air Portugal, and Choice Hotels — and added a 1:1 transfer ratio in some cases:

    This means Capital One “miles” can be used like flexible points such as American Express Membership Rewards and Chase Ultimate Rewards — and transferable points can often get you a higher value for your rewards.

    You can also use miles for gift cards at the same rate of 1 cent per mile, but don’t use your miles for cash-back redemptions. When you do, you only get half a cent per mile in value, which is just not worth it.

    Benefits and features

    The Capital One Venture Rewards Credit Card comes with a handful of good benefits, some of which are usually reserved for more premium travel rewards cards like The Platinum Card® from American Express. These can help you squeeze even more value out of the Venture card beyond what you get in rewards.

    Global Entry/TSA PreCheck application fee credit 

    The card comes with up to a $100 credit toward the Global Entry or TSA PreCheck application fee. Global Entry, which fast-tracks your re-entry to the US when you travel abroad, includes TSA PreCheck, so it’s the better choice.

    Read more: TSA Precheck isn’t worth your money — and there’s a better alternative few people consider

    Because Global Entry lasts five years, that’s effectively a $20 per year value. If you already have a membership, you can use this benefit to pay for someone else’s application fee, and you’ll still be reimbursed.

    Exclusive events

    Capital One also offers cardholders access to some exclusive events, VIP packages, and presales for concerts, music festivals, sporting events, and other ticketed events.

    Other perks

    When you jet off across the world, or over any border, the card charges no foreign transaction fees. Those are often around 3% for lower-tier cards that don’t include this benefit.

    When you hit the road, this card covers you with decent travel insurance benefits. It includes car rental insurance, travel accident insurance, and a 24-hour emergency assistance number. The card does not offer purchase protection, but it does come with an automatic extended warranty for eligible purchases.

    Read more: Capital One Venture vs Chase Sapphire Preferred: How to decide which travel rewards credit card is best for you

    The benefits are not the very best you can find in the travel rewards card space, but at the $95 annual fee price point they are pretty good and cover the most common needs for frequent travelers. If you want the most comprehensive travel coverage for that price, though, the Chase Sapphire Preferred® Card is worth a closer look. Unlike the Venture card, it offers trip cancellation and interruption insurance that can reimburse you if your travel plans are delayed due to a covered reason.

    Regular APR

    17.24% to 24.49% variable

    Credit Score

    Good to Excellent

    Featured Reward

    Earn 100,000 bonus miles once you spend $20,000 on purchases within the first 12 months from account opening (or 50,000 miles if you spend $3,000 on purchases within the first 3 months)

    Chevron iconIt indicates an expandable section or menu, or sometimes previous / next navigation options.

  • Pros & Cons
  • Details

  • Pros
    • No bonus categories to keep track of
    • Includes up to a $100 statement credit for Global Entry or TSA PreCheck
    Cons
    • Other credit cards offer higher rewards in certain categories of spending
    • Annual Fee: $95
    • Welcome Bonus: 100,000 bonus miles once you spend $20,000 on purchases within the first 12 months from account opening (or 50,000 miles if you spend $3,000 on purchases within the first 3 months)


    Read Our Review
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    Fees and costs

    The main cost of the Capital One Venture Rewards Credit Card is the $95 annual fee. Like other cards, if you don’t pay the card off in full every month (you should), you’ll pay interest, and there are fees for cash advances, balance transfers, and late payments.

    However, the card doesn’t charge foreign transaction fees, so it’s a good choice for international purchases.

    Featured credit cards from our partners

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    Featured Reward

    3 Free Nights (valued up to 50,000 points each) after spending $3,000 in the first 3 months, plus 10x total points per $1 spent on up to $2,500 in combined purchases in select categories within your first 6 months

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    Featured Reward

    $200 after spending $500 in the first three months from account opening

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