The Capital One® Venture® Rewards Credit Card is a popular travel rewards card with a $95 annual fee (waived the first year) and a very straightforward rewards system. It rivals other top travel rewards credit cards such as the Chase Sapphire Preferred® Card and the British Airways Visa Signature ® Card.
Cardholders earn an unlimited 2X miles on every purchase. Until January 31, 2020, you also receive 10X miles on purchases made through hotels.com/Venture. Miles earned can be redeemed for a variety of travel purchases.
New applicants can earn 50,000 bonus miles once you spend $3,000 on purchases within the first 3 months from account opening.
The Venture Rewards has always been the best for those who want to keep things simple due to its easy rewards program. Recently, it has changed that by adding in the ability to move your miles over to 14 airline partners. It’s still great for using miles to cancel out travel purchases on your statement without worrying about fidgeting with loyalty programs. However, it now also allows you to diversify your collection of loyalty currencies and redeeming with some top airline programs.
Table of Contents
Capital One Venture Rewards Card Summary
|With the Capital One® Venture® Rewards Card:
-Enjoy a one-time bonus of 50,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $500 in travel
-Earn 2X miles on every purchase, every day. Plus earn 10X miles on thousands of hotels; learn more at hotels.com/venture
-Receive up to $100 application fee credit for Global Entry or TSA Pre✔®
-Fly any airline, stay at any hotel, anytime
-Travel when you want with no blackout dates
-Miles won't expire for the life of the account and there's no limit to how many you can earn
-No foreign transaction fees
-$0 intro annual fee for the first year; $95 after that
Earn An Unlimited 2X Miles
Earning miles on the Venture Rewards is very straightforward, making it useful for those who don’t want to carry multiple cards. You’ll earn 2 miles for every dollar spent. There is no limit to how much you can earn.
However, there is one exception to this earning amount. Thanks to a partnership with Hotels.com that runs through January 2020, when you use the Venture Rewards to book and pay for hotels at Hotels.com using hotels.com/Venture, you’ll earn 10 miles for every dollar spent. That’s one of the best bonuses on hotel spending on any credit card in the market today.
In addition, you can participate in Hotels.com Rewards which is Hotels.com’s loyalty program. In this program, you can earn another 10% back on hotel purchases made at Hotels.com. Stacked together with the 10X miles earned on the Venture Rewards, you’re earning a 20% rebate on all hotels purchases at Hotels.com.
Miles earned through the Capital One® Venture® Rewards Credit Card can be redeemed as account credits towards past purchases (within the last 90 days), your balance, as a check, gift cards, booking a trip, or charity.
The Venture Rewards is well-known for its Purchase Eraser option. This feature allows you to redeem miles to cover eligible travel purchase you’ve made with the card in the last 90 days. Eligible travel purchases include airline flights, hotel bookings or car rentals. There’s no minimum redemption amount. So even if you made a travel purchase for only $1.50, you can redeem 150 miles for it and have it disappear.
Recently, Capital One has given the option to transfer your Venture miles to a selection of airline partners. Here are the 14 that are available:
- Aeromexico Club Premier
- Air Canada Aeroplan
- Air France/KLM Flying Blue
- Alitalia MilleMiglia
- Avianca LifeMiles
- Cathay Pacific Asia Miles
- Emirates Skywards
- Etihad Guest
- EVA Infinity MileageLands
- Finnair Plus
- Hainan Fortune Wings Club
- Qantas Frequent Flyer
- Qatar Airways Privilege Club
- Singapore KrisFlyer
Transfers are at a 2:1.5 (4:3) ratio for all partners. Emirates and Singapore have an exception of a lowered 2:1 ratio. Per these ratios, considering that you earn 2X miles on the card (on non-Hotels.com purchases), you’ll be getting 1 to 1.5 points or miles with an airline transfer partner for every dollar you spend. On Hotels.com purchases, you’ll be getting 5 to 7.5 points or miles with a partner program for every dollar you spend.
Once you transfer your points, there are many opportunities to earn even more value out of your points or miles.
However, if you don’t plan on messing with transferring, the more straightforward Purchase Eraser redemption option is always available.
Travel rewards cards are often complicated. But, the Capital One® Venture® Rewards Credit Card has made earning and redeeming rewards easy. Not only that, thanks to the addition of airline transfer partners, it provides the option to make the miles you earn more flexible for those who are interested.
Between the high 10X earning rate at Hotels.com, a Global Entry/TSA PreCheck application fee credit, and some nice redemption options with transfer partners, this card has a lot for a $95 fee that’s waived the first year. If you’re interested in earning cash back or would like other ways to earn rewards, see our complete list of Credit Card Promotions for more!
Learn more about this card and find out how you can apply here.
Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airline, or hotel chain, and has not been reviewed, approved, or otherwise endorsed by any of these entities. Opinions expressed here are the author’s alone, not those of the bank, credit card issuer, airline, or hotel chain, and have not been reviewed, approved, or otherwise endorsed by any of these entities.