New applicants earn a one-time bonus of 20,000 miles once you spend $1,000 on purchases within 3 months from account opening, equal to $200 in travel
In addition, if you book stays using Hotels.com, or if you don’t, this card may entice you to do even more booking thanks to Capital One’s partnership with them.
Cardholders earn a high 10X miles per dollar from Hotels.com/venture, and 1.25X miles for every other purchase. This deal will run through January 31, 2020. So if you’re interested, now is a great time to apply and earn your extra miles.
In addition, Capital One recently introduced a set of 14 airline partners which you can transfer miles to. This gives the card more value and flexibility, potentially allowing you to earn more than 1 cent per mile.
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Capital One VentureOne Rewards Card Summary
|With the Capital One® VentureOne® Rewards Card:
-Enjoy a one-time bonus of 20,000 miles once you spend $1,000 on purchases within 3 months from account opening, equal to $200 in travel
-Earn unlimited 1.25 miles per dollar on every purchase, every day and pay no annual fee
-New! Earn 10 miles per dollar on hotels when you pay with your VentureOne card at hotels.com/venture; learn more at hotels.com/venture
-Fly any airline, stay at any hotel, anytime
-Enjoy a low intro APR on purchases for 12 months; 13.24%-23.24% variable APR after that
-Travel when you want with no blackout dates
-No foreign transaction fees
-Miles won't expire for the life of the account and there's no limit to how many you can earn
Earn 10X Miles At Hotels.com
All purchases with the VentureOne card earn an unlimited 1.25 miles per $1 spent with one exception.
Capital One and Hotels.com have partnered up to offer 10X miles on purchases from Hotels.com/venture through January 2020. You must book hotel reservations directly through Hotels.com/venture and pay with your VentureOne card to get this rate. If you just go to Hotels.com, you won’t get the offer, and you’ll only earn 1.25X miles per dollar.
Miles will never expire, as long as your account remains open and in good standing.
Redeem your miles for travel expenses, cash back statement credits, gift cards, merchandise, and mile transfers.
It’s best to redeem for travel expenses or transfer them. The other non-travel redemption options provide less than 1 cent per mile.
You can redeem for either past or upcoming travel expenses. Since miles don’t expire, you can hold on to them until you can redeem them this way.
Travel expenses are worth 1 cent per mile. The types of eligible travel expenses include airfare, hotels, buses, taxis, car, rentals, rail lines, limo services, cruise lines, travel agents, and time shares.
Past travel expenses from the last 90 days can be paid for with miles using the Purchase Eraser system. New travel reservations can be booked with miles through Capital One’s website or by calling customer support.
Miles can also be used to pay for travel reservations as you make them. You’ll need to book travel either through Capital One’s website or by calling customer support to redeem them.
You can transfer your Capital One miles to 14 different airline loyalty programs. This option may provide a better value than 1 cent per mile. Most of the transfer rates are 2:1.5, though some partners have a lesser rate.
Airline partners include:
- 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 Privilege Club
- Singapore KrisFlyer
If you’re in the market for a low-cost travel card, the Capital One® VentureOne® Rewards Card is a decent choice, especially if you use Hotels.com. You have the option to use the Purchase Eraser tool to pay for past travel expenses, book for future travel, or transfer to Capital One’s various airline partners at your pleasure.
If you want more perks and rewards for paying an annual fee, check out our complete list of credit card promotions for more options.
Learn more about the Capital One Venture Rewards and 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.