Capital One Venture Rewards Review: Easy Rewards & Flexible Redemptions

If flexibility is a key factor for you when traveling, the Capital One Venture is a solid credit card to consider.
4 minute read | 8/15/19Aug. 15, 2019

With so many credit cards on the market, finding a travel rewards card that checks off all of your must-haves can be challenging. If you’re a regular traveler but aren’t particularly loyal to one airline or hotel, the Capital One Venture Rewards Credit Card might be what your wallet needs.

In this Capital One Venture Rewards review, you’ll learn about its key features, what kind of cardholder it’s best for, and alternative cards to consider.

Incredibly Flexible Rewards

Capital One Venture Rewards Credit Card

Capital One Venture Rewards Credit Card

Capital One Venture Rewards Credit Card

Benefits

  • 50,000 bonus miles welcome offer
  • 2X miles on every purchase, every day
  • Up to $100 Global Entry or TSA PreCheck fee credit
  • No foreign transaction fees

Drawbacks

  • Has annual fee (after first year)
  • Requires good to excellent credit
  • Redeeming rewards for cash offers half the value as when redeeming for travel

Who should get this card?

If the thrill of earning free hotel stays and flights appeals to you, the Capital One Venture Rewards Credit Card can help accelerate your ability to travel on rewards miles.

You’ll need to have good to excellent credit to qualify for this card, which means you’ve made on-time payments and have demonstrated responsible borrowing habits.

This card might not be a good fit for you if you don’t have a strong credit score or don’t travel frequently enough. Also, it might not be the best option if you aren’t able to maximize your rewards by booking your hotel accommodations through Hotels.com.

Card basics

Annual Fee $95
Early Spend Bonus Earn 50,000 bonus miles after spending $3,000 in the first 3 months
Recommended Credit Score Excellent
Foreign Transaction Fee None

Top card benefits

  • Generous early spend bonus offer: Earn 50,000 bonus miles after spending $3,000 in the first 3 months (worth $500 in travel).
  • Earn 10X miles per dollar on Hotels.com: Book your hotel stays through Hotels.com/Venture and earn 10 miles per dollar spent. Hotel-only bookings are eligible for this rewards promotion.
  • Earn 2X miles per dollar on other purchases: Every other purchase made using the card earns 2X miles for every dollar spent. All purchases apply without restrictions.
  • Up to $100 statement credit for Global Entry or TSA PreCheck: To help you get to your destination faster, cardholders receive up to a $100 credit toward the Global Entry or TSA PreCheck application fee. This benefit is available every four years as long as the account is active and in good standing.
  • Flexible travel redemption: Since Venture miles aren’t tied to a specific airline or hotel loyalty program, you’ll have the freedom to choose which carrier you fly with and where you stay for every trip. You also have the option of transferring your miles to one of Capital One’s travel loyalty programs.

Earning & redeeming

The Capital One Venture Rewards benefits above are only useful if you actually take steps to earn the most miles using your card.

Best ways to earn

When planning logistics for an upcoming trip, you don’t need the added inconvenience of playing credit card roulette with other rewards cards. A perk of using the Capital One Venture Rewards Credit Card is that you can earn miles on any travel-related purchase, regardless of the carrier or hotel brand.

Simply use your Capital One Venture Rewards on any purchase and you’ll earn 2X miles per dollar. Capital One partnered with Hotels.com to also provide a competitive 10X miles per dollar for hotel-only bookings, using the special promotional link, Hotels.com/Venture. This offer is available now through Jan. 31, 2020, and miles earned through the offer will post to your account within two billing cycles.

Categories Rewards rate
Hotels.com/Venture 10X
All other purchases 2X

Maximizing your redemption

Capital One Venture Rewards miles never expire as long as the account is active, and there are no limits to how many miles you can earn. This flexibility allows you to accrue as many miles as you can earn.

Redeeming rewards for travel purchases yields the highest redemption value. Eligible travel purchases include airlines, hotels, travel and car rental agencies, transportation, and more.

To maximize rewards, you can transfer your miles to another airline or loyalty program, as long as it’s a partner of Capital One Venture Rewards. Hotels.com Rewards members can also work toward earning free hotel stays when combining Capital One Venture Rewards miles and Hotels.com Rewards program perks.

Redeeming miles for cash back and gift cards is also possible, but redemption rates are often considerably lower in value than if you were to redeem your rewards for travel.

Common questions

What airlines work with Capital One Venture miles?

Capital One Venture Rewards miles can be applied to any airline flight purchase without restrictions or blackout dates. To transfer points to a Capital One Venture Rewards airline partner, you can choose one of these participating programs:

  • Aeromexico
  • Air France KLM
  • Air Canada
  • Alitalia
  • Asia Miles
  • Avianca LifeMiles
  • Emirates Skywards
  • Etihad Airways
  • EVA Air
  • Finnair
  • Hainan Airlines
  • JetBlue
  • Qantas
  • Qatar Airways
  • Singapore Airlines

How do I redeem Capital One Venture miles?

To redeem miles on completed travel purchases using your Capital One Venture Rewards Credit Card, you can use the issuer’s Purchase Eraser on CapitalOne.com or call the Rewards Center to receive a statement credit.

You can also make new travel bookings online at CapitalOne.com or by calling the Rewards Center to book flights, hotels, and car rentals using your earned miles.

What credit score do you need to get a Capital One Venture?

The Capital One Venture Rewards Credit Card requires applicants to have good or excellent credit. According to FICO, the credit scoring model describes a good score as 670 to 739. A higher credit score suggests you’re a lower-risk borrower.

Other cards to consider

Although the Capital One Venture Rewards offers an impressive lineup of benefits for avid travelers, if you aren’t completely sold on paying an annual fee after the first year, you may want to consider the Capital One VentureOne Rewards Credit Card. While the card doesn’t offer as many perks for travel, it shares many similarities with the Venture card.

The Chase Sapphire Preferred is also worth considering if you intend to do a fair amount of traveling. Like the Venture card, rewards are easy to earn and it offers a competitive welcome bonus.

Incredibly Flexible Rewards

Capital One Venture Rewards Credit Card

Capital One Venture Rewards Credit Card

Capital One Venture Rewards Credit Card

Special Offer

Earn 50,000 bonus miles after spending $3,000 in the first 3 months

See how these cards compare:

Chase Sapphire Preferred
Chase Sapphire Preferred
  • 60,000 point sign-up bonus
  • 2X points on eligible dining and travel purchases
  • 25% more value when redeeming rewards for travel through Chase Ultimate Rewards
  • Premium travel protection benefits
  • No foreign transaction fees
Capital One VentureOne Rewards Credit Card
Capital One VentureOne Rewards Credit Card
  • 20,000 bonus miles welcome bonus
  • 0% Introductory APR on purchases for 12 months
  • 1.25X miles on every purchase, every day
  • No foreign transaction fees
  • No annual fee

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