Credit Cards » Credit Card Reviews » Capital One Venture Rewards Credit Card: 2022 Review
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Capital One Venture Rewards Credit Card: 2022 Review

From great flexibility, to having valuable perks for frequent travelers, the Capital one Venture Rewards Credit Card is definitely a worthy contender for anyone looking to add a new card into their wallet.
Author: Jack Wickens
Jack Wickens

Writer, Contributor

Experience

Jack is a personal finance writer who has been writing for more than a decade. His passion for educating consumers and helping everyday families earn more and live better. He is most knowledgeable with years of experience covering topics such as savings, budgeting, and responsible credit use and always happy to share his expertise with readers.

Review & Fact Check: Baruch Mann (Silvermann)

Baruch Mann (Silvermann)

Financial Expert, The Smart Investor CEO

Experience

Baruch Mann (Silvermann) is a financial expert and founder of The Smart Investor. Above all, he is passionate about teaching people how to manage their money and helping millions on their journey to a better financial future.
Author: Jack Wickens
Jack Wickens

Writer, Contributor

Experience

Jack is a personal finance writer who has been writing for more than a decade. His passion for educating consumers and helping everyday families earn more and live better. He is most knowledgeable with years of experience covering topics such as savings, budgeting, and responsible credit use and always happy to share his expertise with readers.

Review & Fact Check: Baruch Mann (Silvermann)

Baruch Mann (Silvermann)

Financial Expert, The Smart Investor CEO

Experience

Baruch Mann (Silvermann) is a financial expert and founder of The Smart Investor. Above all, he is passionate about teaching people how to manage their money and helping millions on their journey to a better financial future.

We earn a commission from our partner links on this page. It doesn't affect the integrity of our unbiased, independent editorial staff. Transparency is a core value for us, read our advertiser disclosure and how we make money.

In This Review..

The Capital One Venture Rewards Credit Card offers the users some great travel perks and a good flat rate on general purchases. Although it doesn’t have the highest earning rates, it is great for travel mile rewards

Now, earning miles with the card is a pretty straightforward affair as you shall be earning 2X miles per dollar on every purchase, plus 5X miles on hotels and rental cars booked through Capital One Travel  Also, you won’t pay a transaction fee when making a purchase outside of the United States. 

When you initially sign-up for this card, you can enjoy 75,000 miles once they spend $4,000 on purchases within 3 months from account opening However, the card has $95 annual fee – so make sure your spending is enough to get benefits that cover the annual fee.

So, if you are an occasional traveler and are looking for a way to rack up some travel miles which you can use on your next trip, then this card is the most ideal. This feature actually justifies its high annual fees that come with the card. 

Capital One Venture Rewards Credit Card
capital-one-venture

On Capital One’s Secure Website

Rewards Plan

Unlimited 2X miles 2X miles per dollar on every purchase, plus 5X miles on hotels and rental cars booked through Capital One Travel

Sign up Bonus

75,000 miles 75,000 miles once they spend $4,000 on purchases within 3 months from account opening

0% Intro

N/A

PROS

CONS

APR

17.49% - 25.49% Variable

Annual Fee

$95

Balance Transfer Fee

N/A

Credit Requirements

Good – Excellent

Card & Issuer Reputation

  • 3.9/5 on WalletHub customers reviews ( +2,500 reviews): Customers can express their opinion on the official card website. It reflects the overall measurement of reviewer satisfaction, represented numerically from 1 to 5.
  • 808/1000 on J.D Power: Capital One got 808 out of 1000 available points on 2020 J.D. Power credit card satisfaction survey, a bit lower than the industry average. J.D Power offers the most comprehensive and independent study of customer satisfaction of card issuers . The study aims to help consumers and issuers to understand user opinions and ratings of the largest bands. It covers terms, benefits, services, communication, rewards and more.

J.D. Power U.S. Credit Card Satisfaction Study 2020

Benefits

Let’s take a look at the benefits of the Venture Rewards card and see if it’s the right one for your wallet or not.

The Capital One Venture Rewards Card is definitely designed to be a travel rewards card, as this is where their redemption options truly shine.

You can get 2X miles per dollar on every purchase, plus 5X miles on hotels and rental cars booked through Capital One Travel

You can redeem your accumulated points with one of Capital One airline partners . This is a great and quite new feature, as cardholders now don’t have to be restricted to any one airline, and can really see what is the be fit for their travel needs.

When points are used towards one of these airlines, the cardholder also gets a 2:1.5 ratio of points towards their flight. In addition, you can you can pay for Amazon.com purchases using your Capital One rewards. 

Something that is becoming increasingly popular, yet still difficult to find, rewards credit cards that don’t limit cardholders to how many points they can accumulate before they reach the card’s “limit”. 

The Capital One Venture Rewards Card doesn’t have a limit to how many points you can accumulate, which makes it a great choice for anyone looking to really save up some big-time points. 

Plus, as an added perk, there’s also no minimum amount required to redeem for travel expenses, so cardholders really have free range on how many or few points that you want to use at any given time.

Although this doesn’t sound like much, most people do prefer not having to spend many hours trying to redeem their rewards points. 

The redemption system currently used is simple, straight forward, and easy with the Capital One Venture Rewards, so cardholders aren’t wasting their valuable time trying to claim what’s already theirs.

Unlike many other travel rewards card, the Capital one Venture Rewards Card doesn’t restrict cardholders to when and where they can travel throughout the year. This might sounds like a small bonus, but it can certainly be beneficial when someone needs a last minute trip that they weren’t planning on. 

There is also no expiration dates on miles accumulated as long as the account is open, which is can also be a huge benefit to anyone wanting to rack up the miles to use for a large trip down the road

The Capital One Venture Rewards offers a great sign-up bonus of 75,000 miles once they spend $4,000 on purchases within 3 months from account opening

What makes this sign-up bonus so great is that the points are immediately redeemable once the cardholder hits the $3,000 mark, and they are good for $500-$700 (depending on if you want a statement credit or if you want to transfer points to an airline use) worth of travel expenses, which is a great overall value for any frequent traveler. 

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Rewards Plan:
1x – 4x Points 4X points at restaurants (including Uber Eats purchases in the U.S.) and U.S. supermarkets (up to $25,000 per year in purchases, then 1X points), 3X points on flights booked directly with airlines or on amextravel.com, 2X points on rental cars through amextravel.com and 1X points on all other purchases
Welcome Bonus: 60,000 points 60,000 Membership Rewards® Points after you spend $4,000 on eligible purchases with your new Card within the first 6 months of Card Membership
Upgrade Visa® Card with Cash Rewards
Rewards Plan:
1.5% cash back 1.5% cash back on payments
Welcome Bonus: $200
chase_sapphire_preffered
Rewards Plan:
2x-5x points 5x total points on travel purchased through Chase Ultimate Rewards, 3x points on dining and 2x on other travel purchases. Plus, earn 1 point per dollar spent on all other purchases
Welcome Bonus: 60,000 points 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening

Advertiser Disclosure

The product offers that appear on this site are from companies from which this website receives compensation. 

A great benefit that the Capital One Venture Rewards Credit Card offers their cardholders is the ability to redeem points accumulated as a statement credit as well, so if a cardholder would prefer to use their points to pay down some of their credit card bill, they have the flexibility to do so. 

Having this type of choice for a travel rewards credit card isn’t easy to find, and if it is they usually cut your points to minimize your total statement credit. 

With the Capital One Venture Rewards, the ratio of points used for a statement credit is valued at 1 cent for every point, so 10,000 points are worth a statement credit of $100.

Top Offers From Our Partners
capital-one-venture
Rewards Plan:
Unlimited 2X miles 2X miles per dollar on every purchase, plus 5X miles on hotels and rental cars booked through Capital One Travel
Welcome Bonus: 75,000 miles 75,000 miles once they spend $4,000 on purchases within 3 months from account opening
Rewards Plan:
Unlimited 1-4% unlimited 4% cash back on dining, entertainment, and popular streaming services, 3% at grocery stores and 1% on all other purchases.
Welcome Bonus: $300 $300 cash bonus once you spend $3,000 on purchases within 3 months from account opening
Rewards Plan:
Unlimited 1.5% 1.5% cash back on all purchases
Welcome Bonus: $250 $200 cash bonus once you spend $500 on purchases within 3 months from account opening

Advertiser Disclosure

The product offers that appear on this site are from companies from which this website receives compensation. 

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Drawbacks

Let’s take a look at the drawbacks of the Venture Rewards credit card and see if it’s the right one for your wallet or not.

The Capital One Venture Rewards Card has a high standard APR, ranging 17.49% – 25.49% Variable depending on creditworthiness, but doesn’t offer any type of intro APR bonus. 

In order to become a credit card deadbeat – you have to make sure you don’t pay any fee or interest, especially high variables APR.

The Venture Rewards Card does have an annual fee of $95 which is something to take into consideration. This fee is higher compared to other credit cards.

The biggest pitfall to the Capital One Venture Rewards is that while it does have +15 airline partners to choose from, none of them are U.S. based airlines, which will limit certain flights available to those looking to fly domestically in the United States.

This fee is N/A of the transfer, whichever is bigger. The fee is incurred when you transfer debts from one or more credit cards to your Wells Fargo Rewards Card. This fee is upfront and will be added to your debt load when transferred.

How To Apply For Capital One Venture Rewards Card?

Visit the Capital One Venture Rewards Credit Card home page, and click on “Apply now”. 

capital one venture application

This takes you to the next page, where you can fill in your “Personal Information” such as your Names, date of birth etc. 

Next is your contact and financial information. Lastly, ensure you read through the important disclosure page to know your eligibility, fees, costs, rates, etc. 

Then click on “continue” to complete the process. 

Is the Capital One Venture Rewards Card Right for You?

The Capital one Venture Rewards  Card is a simple, straightforward travel rewards card with a flexible rewards program and hardly any restrictions. If you’re a frequent traveler who isn’t particularly loyal to any one airline or hotel brand, you’ll love the wide variety of options to choose from while enjoying the generous travel perks.

So, if you are an occasional traveler and are looking for a way to rack up some travel miles which you can use on your next trip, then this card is the most ideal. This feature actually justifies its high annual fees that come with the card.

Top Offers From Our Partners

AMERICAN EXPRESS gold card

Rewards Plan:
1x – 4x Points 4X points at restaurants (including Uber Eats purchases in the U.S.) and U.S. supermarkets (up to $25,000 per year in purchases, then 1X points), 3X points on flights booked directly with airlines or on amextravel.com, 2X points on rental cars through amextravel.com and 1X points on all other purchases
Welcome Bonus: 60,000 points 60,000 Membership Rewards® Points after you spend $4,000 on eligible purchases with your new Card within the first 6 months of Card Membership

citi_premier_card

Rewards Plan:
Up to 3X points 3X points per dollar on restaurant, supermarket, gas station, hotel and air travel purchases, and 1X points per dollar on all other purchases
Welcome Bonus: 80,000 points 80,000 points after you spend $4,000 in the first 3 months of account opening
Rewards Plan:
Unlimited 1-4% unlimited 4% cash back on dining, entertainment, and popular streaming services, 3% at grocery stores and 1% on all other purchases.
Welcome Bonus: $300 $300 cash bonus once you spend $3,000 on purchases within 3 months from account opening

Advertiser Disclosure

The product offers that appear on this site are from companies from which this website receives compensation. 

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Compare The Alternatives

There are several other travel-focused credit cards that offer higher travel reward rates and bonuses when signing up. Let’s take a look at them and see if one is better suited for you than the Capital One Venture Rewards card.

Bank of America® travel rewards

capital-one-venture
chase_sapphire_preffered
Bank of America® Travel Rewards credit card
Capital One Venture Rewards Credit Card
Chase Sapphire Preferred® Card
Annual Fee
$0
$95
$95
Rewards
Unlimited 1.5X points 1.5 points for every $1 you spend on all purchases everywhere, every time and no expiration on points
Unlimited 2X miles 2X miles per dollar on every purchase, plus 5X miles on hotels and rental cars booked through Capital One Travel
2x-5x points 5x total points on travel purchased through Chase Ultimate Rewards, 3x points on dining and 2x on other travel purchases. Plus, earn 1 point per dollar spent on all other purchases
Welcome bonus
25,000 points 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening – which can be redeemed for a $250 statement credit toward travel purchases
75,000 miles
60,000 points 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening
Foreign Transaction Fee
0%
None
0%
Purchase APR
16.24% – 26.24% variable APR on purchases and balance transfers
17.49% – 25.49% Variable
17.49% – 24.49% Variable

FAQ

Yes, once you refuse the insurance offered by the rental company you will automatically get coverage if you fund the entire purchase through this card. Please review the terms and conditions before to make sure you're covered.

There is no limit in place as to how many miles you are able to earn when using the Capital One Venture card to make purchases.

The Capital One Venture card often required a person’s monthly income to be at least $800. Sometimes, you will need to show some proof of income.

If you spent a decent amount of time and money on travel expenses then the Capital One Venture card could be an ideal fit for your needs.

If you don’t travel a lot and want a more versatile type of card in terms of rewards for non-travel purchases then the Capital One Venture card might not be for you.

You can do so in a number of ways, such as spending your accumulated miles directly on travel purchases, or redeem as cash, use at participating retailers, and so on.

You might not have met all of the requirements. You can enquire as to where your application fell short. If you cannot proceed, you can look at some of the other available options.

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Rewards Plan:
Up to 5x points 5X points on up to $500,000 spent on directly-booked airfare and flights and prepaid hotels booked through American Express Travel (per calendar year), 2X points on prepaid car rentals through American Express Travel and 1X points on all other purchases
Welcome Bonus: 100,000 points 100,000 points when you spend $6,000 in the first six months

Rewards Plan:
Up to 10X points 5X total points on air travel and 10X total points on hotels, car rentals when you purchase through Chase Ultimate Rewards®, immediately after earning your $300 annual travel credit. Also, earn 3x points on dining at restaurants and travel (after meeting the $300 travel credit), then 1x points per dollar spent on all other purchases
Welcome Bonus: 50,000 points 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening

AAdvantage® Executive World Elite Mastercard®

Rewards Plan:
Up to 2x miles 2 miles for every $1 spent on eligible American Airlines purchases and 1 mile for every $1 spent on other purchases
Welcome Bonus: 50,000 miles 50,000 bonus miles after spending $5,000 in purchases within the first 3 months of account opening

Advertiser Disclosure

The product offers that appear on this site are from companies from which this website receives compensation. 

Editorial Note: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.

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In order to determine the best possible credit cards, we look at things like fees, interest rates and rewards. We do this with companies that are associated with us as partners as well as other offerings. From there, we make a decision about what the best card is related to different categories and needs. We focus on interest rate cost & fees, especially the cost of carrying a balance, rewards – cards accumulate rewards in different currencies—points, miles, cash back—and their values vary widely usability – cards that accept a wide range of credit profiles and offer simple solutions for things like checking your credit score or contacting. We also consider customer reviews.

We look at cards related to good or excellent credit ratings that will then provide a range of different benefits and improvements for someone who has these scores. We also look at low fees when it comes to those who have lower credit scores.