Review: Capital One Venture Rewards Credit Card | finder.com

Venture® from Capital One® review – October 2018

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Earn unlimited miles on everything you buy and get a generous signup bonus.

finder.com’s rating: 4.4 / 5.0

★★★★★

30-second take

  • Get this card if you want to earn 2x miles on everyday purchases.
  • Pick something else if you want an intro APR period on balance transfers and purchases.
  • Apply with a good to excellent credit score of 750 or higher.
Product NameVenture® from Capital One®
Card TypeVisa
Annual Fee$0 annual fee for the first year ($95 thereafter)
APR (Annual Percentage Rate) for Purchases14.74%, 21.24% or 24.74% variable
Balance Transfer Fee3%
Cash Advance Rate24.74% variable
Foreign Transaction FeeNone
Cash Advance Fee$10 or 3% of the cash advance amount, whichever is greater
Interest Free PeriodUp to 25 days
Late Payment FeeUp to $38
Additional Cardholder Fee$0
Rates & FeesRates & Fees
Minimum Age18 years of age
Reward Value per Dollar2 miles
Rewards Points ExpiryNever

The basics

The Venture® from Capital One® is a travel card with a simple rewards structure. You’ll earn miles on everything you buy and you’ll get 10 times more miles for bookings through the Hotels.com Venture site.

Every mile you redeem for travel is equal to one cent, meaning that your reward return rate can be anywhere from 2% to 10% depending on how you earn your points. Furthermore, you get a generous signup bonus and Global Entry or TSA PreCheck credits.

The perks

  • Signup bonus.

    Get a 50,000-mile bonus when you spend $3,000 or more on purchases in the first 3 months of card membership.

  • Earn miles.

    Earn 10x miles on purchases from the Hotels.com Venture site until January 31, 2020, and an unlimited 2 miles for every dollar spent on all other purchases.

  • Global Entry or TSA PreCheck credit.

    Get a $100 statement credit for Global Entry or TSA PreCheck when you pay with your card. You’ll get this credit once every four years.

How can I redeem the miles I earn?

  • Pay for past purchases. With a feature called Purchase Eraser, you can redeem miles for bookings you made within the last 90 days. To do so, log on to your Capital One account or call the rewards center and get a statement credit for the amount you spent.
  • Redeem for travel. Log on to your Capital One account or call the rewards center to book your flight, hotel or car rental with your miles. For travel booking, 100 miles are worth $1.
  • Non-travel redemption. You’re not limited to using miles on travel purchases. You can also get cash back in the form of a check or statement credit, merchandise or gift cards. For non-travel redemption, 100 miles are worth around $0.5.

You’ll also like …

  • No foreign transaction fees.

    When you travel abroad and you use your card, you won’t pay any fees. Other cards have up to 3% fee for each foreign transaction.

  • No penalty APR.

    Most cards come with a penalty APR of up to 30% when you make a single late or returned payment, and it can last indefinitely. But with this card, you’ll only pay a fee.

  • Visa Signature benefits.

    Get benefits such as 24/7 Visa concierge service, auto rental insurance, extended warranties, emergency card replacement and more.

  • High minimum credit line.

    Your credit line depends on multiple factors, but the minimum credit line you’ll get with this card is $5,000. This is considerably higher when compared to other cards where the minimum credit line varies from $500 to $2,000.

Compare Venture® from Capital One® with Chase Sapphire Preferred® credit card

What to watch out for

  • Annual fee.

    After your free intro year, you’ll pay an annual fee of $95 to use the card. This means you’ll need to spend $4,750 on everyday purchases or $950 on the Hotels.com Venture site to offset the annual fee.

  • Potentially high APR.

    If you don’t have an excellent credit score, you may end up with an APR on the higher end of 24%. Considering the average APR is around 16%, this is relatively high. But if you pay your balance in full and on time you won’t have to worry about it.

  • No intro APR period.

    This card has no intro APR period on purchases or balance transfers. If that’s what you’re looking for, look for another card.

Consider other cards if …

  • You want a similar card from another bank.

    The Barclaycard Arrival® Plus World Elite Mastercard® or the Chase Sapphire Preferred® credit card could be decent alternatives to consider. You’ll get to earn points on your purchases that you can then redeem for travel rewards.

    Another cool travel card you could consider is the no-annual-fee PenFed Pathfinder Rewards American Express® Card where you get to earn more points on your purchases, plus you get $100 credit for TSA application and $100 annual air travel credit. You also get a long intro APR period on balance transfers, and one of the lowest APRs on purchases and balance transfers after that.

  • You want cash back.

    You can get unlimited 1.5% back on everything you buy with the Capital One® QuicksilverOne® Rewards card. A similar card with 1.5% cash back on all purchases is the PenFed Power Cash Rewards Visa Signature® Card. With this card you can bump that rate up to 2% back if you’re a PenFed Honors Advantage member.

    Alternatively, if you mostly spend on groceries and gas, the Blue Cash Preferred® Card from American Express from American Express could be a great choice for you. Dining, travel, online purchases and Uber rides can score you better points with the Uber Visa Card.

  • You want intro APR period.

    The U.S. U.S. Bank Visa® Platinum Card offers one of the longest intro APR periods on balance transfers and purchases you can get. You may also want to check out the Citi Simplicity® Card or the BB&T Bright® Credit Card.

Compare travel credit cards

Name Product Welcome Offer Reward Value per Dollar APR (Annual Percentage Rate) for Purchases Annual Fee
60,000 Membership Rewards® points after you use your new Card to make $5,000 in purchases in your first 3 months.
1 points
None (Charge Card)
$550
Get 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel and 5X points on eligible hotels booked on amextravel.com. Rates & Fees
25,000 Membership Rewards® Points after you spend $2,000 on eligible purchases with your new card within the first 3 months.
1 points
See Rates & Fees
$250
25,000 bonus Membership Rewards® Points when you spend $2,000 in the first 3 months Rates & Fees
75,000 Bonus Points after you use your new Card to make $3,000 in purchases within the first 3 months.
2 points
17.74% to 26.74% variable
$0 annual fee for the first year ($95 thereafter)
Enjoy a $0 annual fee on the first year and earn up to 2 Starpoints® for every dollar of eligible purchases. Rates & Fees
125,000 Hilton Honors Bonus Points with the Hilton Honors American Express Ascend Card after you use your new Card to make $2,000 in eligible purchases within the first 3 months of Card Membership.
3 points
17.74% to 26.74% variable
$95
Earn 125,000 Hilton Honors™ Bonus Points after you spend $2,000 or more in purchases with your new Card within the first 3 months of Card Membership. Rates & Fees
75,000 Hilton Honors Bonus Points with the Hilton Honors American Express Card after you use your new Card to make $1,000 in eligible purchases within the first 3 months of Card Membership.
3 points
17.74% to 26.74% variable
$0
Earn 75,000 Hilton Honors™ Bonus Points after you spend $1,000 in purchases on the Card within your first 3 months of Card Membership. Rates & Fees
10,000 bonus miles after spending $500 in purchases on your new Card in your first 3 months.
1 miles
17.74% to 26.74% variable
$0
Earn 10,000 Bonus Miles after spending $500 in purchases on your new Card in your first 3 months of Card Membership. Rates & Fees
30,000 Bonus Miles after spending $1,000 in purchases on your new card in your first 3 months and a $50 statement credit after you make a Delta purchase with your new card within your first 3 months.
1 miles
17.74% to 26.74% variable
$0 annual fee for the first year ($95 thereafter)
30,000 bonus miles after you use your new card to make $1,000 on purchases within the first 3 months. Rates & Fees
1 points
16.99% variable
$195
Enjoy unique excursions, privileged access to exclusive events and insider opportunities.
1 points
16.99% variable
$495
Mastercard Black Card members receive an annual $100 air travel credit toward flight-related purchases including airline tickets, baggage fees, upgrades and more.
2 points
16.99% variable
$995
Earn points every time you spend. Luxury Card enhances your purchasing power by providing you with one (1) point for every one dollar ($1) you spend. Every purchase gets you closer to the rewards you want.
An intro offer rewards cardholders with a $250 value (25,000 online bonus points) after spending $1,000 within the first 90 days of account opening
1.5 points
16.99% to 24.99% variable
$0
An intro offer rewards cardholders with a $250 value (25,000 online bonus points) after spending $1,000 within the first 90 days of account opening
Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
1 points
17.74% to 24.74% variable
$0 annual fee for the first year ($95 thereafter)
Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
Earn 50,000 bonus points - a $500 value - after spending $3,000 in the first 90 days of account opening
1.5 points
17.74% to 24.74% variable
$95
Earn unlimited 2 points for every $1 spent on travel and dining purchases and 1.5 points for every $1 spent on all other purchases.
50,000 BONUS POINTS after spending $4,000 on purchases in the first 3 months from account opening* — that's $750 toward travel when you redeem through Chase Ultimate Rewards®.
1 points
17.74% to 24.74% variable
$450
Earn 50,000 BONUS POINTS after spending $4,000 on purchases in the first 3 months from account opening* — that's $750 toward travel when you redeem through Chase Ultimate Rewards®.
2 miles
14.74%, 21.24% or 24.74% variable
$0 annual fee for the first year ($95 thereafter)
1 miles
17.74% to 24.74% variable
$0 annual fee for the first year ($95 thereafter)
40,000 bonus miles after you spend $2,000 on purchases in the first 3 months from account opening.* Plus a $100 statement credit after your first purchase.
40,000 bonus points after you spend $1,000 on purchases in the first 3 months your account is open
1 points
17.74% to 24.74% variable
$99
40,000 bonus points after you spend $1,000 on purchases in the first 3 months your account is open

Compare up to 4 providers

What should I know before I apply?

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 full name and contact information.
  • Your date of birth and Social Security number.
  • Your financial information including employment and annual income.

During the application process you can choose whether you want to make a balance transfer, and you can opt to receive further communications in Spanish if that’s your preferred language.

If you’re an existing or a previous cardholder, you may not be eligible for the signup bonus.

What credit score do I need?

Apply with a good to excellent credit score of 680 or higher. An excellent credit score of 750 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.

What do customers say about the Venture® from Capital One®?

Most 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.

Capital One gets an A+ rating from the Better Business Bureau, which accredited the bank in 1995.

How do I apply for the Venture® from Capital One®?

  1. Go to the Capital One website and find the Venture® card from the list of travel cards. Click Apply now.
  2. Fill out the application form with your personal and financial details.
  3. Review your application and submit it.

How long will it take to get my Venture® from Capital One® Rewards Credit Card?

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 7 to 10 business days.

I received the card. Now what?

  • Download Capital One Mobile app. Use it to pay your bills or send money to friends and family. Furthermore, you can monitor your card activity or redeem rewards through the app.
  • Pay on time. Try to pay your balance by your due date — a minimum of 25 days after the close of each billing cycle — to avoid paying late fees and interest.
  • Customer service. Call 1-800-227-4825 if you have any questions and Capital One’s customer service will help you out.

Bottom line

If you travel often and spend more than $10,000 per year with your card, this can be a good pick for you. You’ll get to earn miles on every purchase you make — plus you’ll earn 10 times more miles on purchases from the Hotels.com Venture website, which equals 10% back in travel redemption.

Not quite what you’re looking for? Feel free to check out other travel rewards cards and compare your options before deciding which card to pick.

Frequently Asked Questions

Travel card ratings

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Adrienne Fuller

Adrienne Fuller leads the publishing team at finder.com. She has one goal: to deliver the accurate and transparent information she wishes she had when she made some of life's important financial decisions. When she's not helping folks save money, she's hiking with her two Catahoulas around her home in San Diego.

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