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finder.com’s rating: 4.4 / 5.0
★★★★★
75,000
Miles as welcome offer
Up to 5x
Miles
$95
Annual fee
20.24% to 28.24%
Purchase APR (variable)
Annual fee | $95 |
---|---|
Welcome offer | Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel |
Rewards | 2x miles on every purchase, every day, 5x miles on hotels and rental cars booked through Capital One Travel, 5x miles when you book on Turo, the world’s largest car sharing marketplace, through May 16, 2023 |
Purchase APR | 20.24% to 28.24% variable |
Balance transfer APR | 20.24% to 28.24% variable |
Minimum credit score | 670 |
Issuer | Visa |
cta text | Apply now |
Review by
Kevin Joey Chen was a credit cards, banking and investments writer for Finder. His work and analysis have appeared on CNN, U.S. News & World Report, Business.com, Lifehacker and CreditCards.com.
The Capital One Venture Rewards Credit Card is a travel card that offers 2x miles on all purchases. Until May 16, 2023, the card also earns 5X miles when booking cars through the Turo app or on Turo.com. The card’s signup bonus allows you to earn 75,000 miles after you make $4,000 in purchases within the first 3 months of account opening. Finally, you get all of this for a $95 annual fee.
Because of its strong, flat-rate rewards, the card occupies a unique position in the travel space. Its simplicity means it’s an excellent choice if you don’t want to deal with multiple bonus-reward categories. You can also transfer miles to 15+ travel loyalty programs, including Air France-KLM Flying Blue, Air Canada Aeroplan and Avianca LifeMiles. Thankfully, Capital One has boosted a majority of its transfer rates to a 1:1 ratio, meaning points transferred this way are now often worth 2 cents or more a piece compared to a straight redemption. On top of it all, you’ll receive a credit every four years for your Global Entry or TSA PreCheck application fee. It’s a perk not often seen in mid-tier travel cards, and it elevates an already impressive product.
Due to its automated preapproval process, Capital One usually makes a decision within 60 seconds. In some cases, it may take up to 10 business days.
Upon approval, expect your card and welcome materials to arrive within seven to 10 business days.
Answer choices | Responses |
---|---|
740-850 | 44.44% |
670-739 | 33.33% |
580-669 | 22.22% |
300-579 | 0.00% |
Answer choices | Responses |
---|---|
Rewards | 48.39% |
Welcome bonus | 12.90% |
Features and benefits | 32.26% |
APR | 6.45% |
In terms of an annual-fee card that offers flat-rate travel rewards, the Capital One Venture Rewards Credit Card is a rare breed. The Barclaycard Arrival® Plus World Elite Mastercard® was once a close competitor, but it’s since been discontinued.
However, we can compare Capital One’s product with another card that sits around the same price point: the $95-a-year Chase Sapphire Preferred® Card.
Chase’s card takes the prize here. While you’ll pay a bit more than required of the Venture, you get a much higher welcome offer value for that extra effort.
Capital One’s card offers 2x miles on all purchases, while Chase’s card offers much more after a new update, including 5x points on travel booked with Chase, 3x points on dining, select streaming services and online groceries, 2x points on all other travel and dining, as well as 1x points on all other purchases.
While this showdown was close before, its now no contest: the Chase Sapphire Preferred® Card simply offers more.
The Chase Sapphire Preferred® Card has an ace in the hole: When you redeem your points for travel through Chase Ultimate Rewards, they’re worth 25% more.
That means you can easily earn a 2.5% rewards rate on travel and dining, and a 1.25% rate on all other purchases. Meanwhile, there’s no such boost when you redeem your Capital One miles through their issuer’s portal.
Both issuers allow reward transfers to travel partners and Capital One now transfers points at the same rate as Chase. This is a welcome addition to the Venture and helps generate additional value on your earned miles.
The Capital One Venture Rewards Credit Card takes the prize here, as its competitor doesn’t offer the benefit at all. This is one of the sharpest differences between the two cards.
The Chase Sapphire Preferred® Card has a more impressive suite of protections, including trip cancellation/interruption insurance, trip delay reimbursement and baggage delay insurance. However, it doesn’t advertise travel accident insurance, which Capital One offers. Both cards come with auto rental collision damage waivers.
There are airline cards at the $95-to-$99-a-year level, such as the Delta SkyMiles® Gold American Express Card, United℠Explorer Card and Citi® / AAdvantage® Platinum Select® World Elite Mastercard®. Each offers solid mile earnings and great airline-specific benefits, but your rewards won’t be as flexible as you’ll find with the Capital One Venture Rewards Credit Card. (Terms apply, see rates & fees).
Compare the Venture Card side-by-side with Capital One VentureOne Rewards Credit Card and Capital One Venture X Rewards Credit Card.
Capital One Venture Rewards Credit Card |
Capital One VentureOne Rewards Credit Card |
Capital One Venture X Rewards Credit Card |
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★★★★★ |
★★★★★ |
★★★★★ |
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Minimum credit score 670 |
Minimum credit score 670 |
Minimum credit score 740 |
Annual fee $95 |
Annual fee $0 |
Annual fee $395 |
Purchase APR Up to 28.24% variable |
Purchase APR 0% intro |
Purchase APR 21.24% - 28.24% variable |
Balance transfer APR 20.24% to 28.24% variable |
Balance transfer APR 0% intro for the first 15 months (then 19.24% - 29.24% variable) 3% fee on the amounts transferred within the first 15 months |
Balance transfer APR 21.24% - 28.24% variable |
Rewards Up to 5x miles |
Rewards Up to 1.25x miles |
Rewards Up to 10x miles |
Welcome offer
Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel |
Welcome offer Earn a bonus of 20,000 miles once you spend $500 on purchases within 3 months from account opening, equal to $200 in travel |
Welcome offer 75,000 miles after you spend $4,000 in your first 3 months of account opening |
Compare even more credit cards
Apply for the card if you’re a US citizen or permanent resident of the US and you’re at least 18 years old.
You’ll need to fill out personal details, including your:
During the application process, choose whether you want to make a balance transfer. Also, you may opt to receive further communications in Spanish if that’s your preferred language.
Apply with a good to excellent credit score of 670 or higher. An very good to excellent credit score of 740 or higher will greatly increase your chances of approval. A higher score will also land you with a lower APR and a better credit limit.
Back to topMost customers love the Purchase Eraser perk, the flat 2% return they get on all purchases and they especially love the high credit line they received. The negative feedback revolves around the high APR that some customers received — but if you pay on time, this shouldn’t be a problem.
The Better Business Bureau has accredited Capital One with a rating of A as of October 2021. However, it sports a 1.13 out of 5 when it comes to a customer rating from an average of nearly 500 reviews. It fares little better on Trustpilot, earning a 1.3 rating out of 5 as of October 2021.
The best reason to get the Capital One Venture Rewards Credit Card is its solid reward rate on every purchase. This is ideal if you don’t want to deal with multiple reward tiers for different categories and prefer to keep things simple.
At the same time, you’ll want to watch out for the $95 annual fee, which will effectively reduce the rewards you earn. Additionally, while mile transfers are a nice touch, the transfer ratios can be a drag.
As a rule of thumb, consider this card if you plan on spending $10,000 or more on it. This will easily let you offset your annual fee with your rewards, and give you comfortable mile earnings on top of that.
Not quite what you’re looking for? Check out other travel rewards cards and compare your options before deciding which card to pick.
Back to top05/17/2022 | Change: Earn | Added: Through May 16, 2023, earn 5x points when you book cars on Turo. |
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
Our team evaluates credit cards to determine their value against similar cards on the market.
We rank card types — travel, cash back, business — on a set of factors that are most relevant to that type of card. We create these rankings to help you narrow down a credit card that best suits your spending and budget.
Images: Capital One
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
Our team evaluates credit cards to determine their value against similar cards on the market.
We rank card types — travel, cash back, business — on a set of factors that are most relevant to that type of card. We create these rankings to help you narrow down a credit card that best suits your spending and budget.
Images: Capital One