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Capital One Venture Rewards Credit Card review

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Capital One Venture Rewards Credit Card
4.4
★★★★★
Finder score
Terms and conditions apply. Rates and fees
Miles as welcome offer
75,000
Miles
Up to 5x
Annual fee
$95
Purchase APR (variable)
19.99% - 29.99%

Our verdict

An excellent card if you want simple, flat-rate travel rewards.

The Capital One Venture Rewards Credit Card is a travel card that offers 2x miles on all purchases. 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. 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 up to a $100 credit 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.

Pros

  • Reward miles. Earn unlimited 2x miles on all purchases. Also earn 5x miles on hotels and car rentals booked through Capital One Travel.
  • Signup bonus. Earn 75,000 bonus miles after you spend $4,000 in your first 3 months of account opening, or still earn miles after you spend in your first. This is up to a $750 value if you earn the full bonus.
  • TSA PreCheck or Global Entry fee credit. Get up to $100 statement credit when you use your card to pay for your Global Entry or TSA PreCheck application fee.

Cons

  • Annual fee. You'll pay a $95 annual fee for this card.
  • No intro APR period. You don't get a 0% intro APR period on balance transfers or purchases with this card.

In this guide

  • Our verdict
  • Details
    • Features
    • Fees
  • Your reviews
  • Ask a question

finder.com's rating: 4.4 / 5.0

★★★★★

  • Get this card if you want to avoid complicated reward structures, and you'd like to earn a simple but solid 2x miles on all purchases.
  • Pick something else if you want to earn higher reward rates in different categories, or if you don't want to pay an annual fee.
  • Apply with a good to excellent credit score of 670 or higher.

Details

Features

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
Purchase APR 19.99% - 29.99% variable
Balance transfer APR 19.99% - 29.99% variable Balance Transfer Fee applies to balances transferred at a promotional rate (0% at the Transfer APR, 4% of the amount of each transferred balance that posts to your account at a promotional APR that Capital One may offer to you)
Minimum credit score 670
Issuer Mastercard

Fees

Balance transfer fee Balance Transfer Fee applies to balances transferred at a promotional rate (0% at the Transfer APR, 4% of the amount of each transferred balance that posts to your account at a promotional APR that Capital One may offer to you)
Cash advance rate 29.99% variable
Cash advance fee $5 or 5% of the cash advance amount, whichever is greater
Cash advance fee description 5% of the amount of the cash advance, but not less than $5
Foreign transaction fee None
Interest free period Up to 25 days
Late payment fee Up to $40
Additional cardholder fee $0
Security deposit N/A
Rates & fees Terms apply, see rates & fees

How do I apply for the Capital One Venture Rewards Credit Card?

  1. Learn more about how to apply for Capital One Venture Rewards Credit Card.

How long will it take to get my Capital One Venture 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 seven to 10 business days.

Capital One Venture Rewards Credit Card benefits

  • Signup bonus. Earn 75,000 bonus miles after you spend $4,000 or more on purchases in the first 3 months of card membership. This is worth around $750 when redeemed through Capital One. But you may be able to increase the value of your miles by transferring them to programs from Capital One travel partners.
  • TSA PreCheck credit. Get a $100 statement credit for Global Entry or TSA PreCheck when you pay for your application with your card. Typically, you’ll find this benefit in premium cards such as The Platinum Card® from American Express and the Chase Sapphire Reserve®. Finding the perk in a mid-tier card like the Capital One Venture Rewards Credit Card is a nice surprise, and it elevates an already solid product.
  • 2x miles on all purchases. Earn unlimited 2 miles for every dollar spent on all purchases. While you will pay an annual fee for this card, this reward rate is good for a flat-rate structure. No-annual-fee cards often pay a lower rate — typically 1.5% on every dollar spent. The Capital One Venture Rewards Credit Card ensures you’ll always earn solid miles, no matter where you spend. This can be helpful if you don’t want to keep track of multiple reward tiers.
  • Transfer miles to select partners. Transfer miles to around 15 of Capital One’s airline and hotel partners. These include Air Canada Aeroplan, Avianca LifeMiles, Emirates Skywards, Wyndham Rewards and more. These points largely transfer at a 1:1 ratio.
  • No foreign transaction fees. When you travel abroad and you use your card, you won’t pay any fees. Other cards have up to a 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.

Survey data on Capital One Venture Rewards Credit Card

What credit score did you have when you were approved for this credit card?

survey question 2
Based on a survey of 27 people (out of 127 respondents) on finder.com
Answer choicesResponses
740-85044.44%
670-73933.33%
580-66922.22%
300-5790.00%

What interests you most about this credit card?

survey question 3
Based on a survey of 62 people (out of 127 respondents) on finder.com
Answer choicesResponses
Rewards48.39%
Welcome bonus12.90%
Features and benefits32.26%
APR6.45%
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What to watch out for

  • Annual fee. You’ll pay a $95 annual fee to use the card. This means you’ll need to spend $4,750 on everyday purchases to offset the annual fee.
  • No intro APR period. This card has no intro APR period on purchases or balance transfers. If that’s what you’re looking for, consider an intro APR card.

Compare three Venture credit cards

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

★★★★★

Finder rating 4.4 / 5

★★★★★

Finder rating 3.5 / 5

Go to site
Terms apply, see rates & fees
Go to site
Terms apply, see rates & fees

Minimum credit score

670

Minimum credit score

670

Annual fee

$95

Annual fee

$0

Purchase APR

19.99% - 29.99% variable

Purchase APR

0% intro

Balance transfer APR

19.99% - 29.99% variable Balance Transfer Fee applies to balances transferred at a promotional rate (0% at the Transfer APR, 4% of the amount of each transferred balance that posts to your account at a promotional APR that Capital One may offer to you)

Balance transfer APR

0% intro for the first 15 months (then 19.99% to 29.99% variable) Balance transfer fee applies (3% for the first 15 months; 4% at a promotional APR that Capital One may offer you at any other time)

Rewards

Up to 5x miles

Rewards

Up to 5x 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

20,000 miles once you spend $500 on purchases within 3 months from account opening, equal to $200 in travel

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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.
  • Date of birth and Social Security number.
  • Financial information, including employment and annual income.

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.

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 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.

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Capital One Venture Rewards Credit Card reviews and complaints

Most customers love the 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 May 2023. 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 May 2023.

I received the card. Now what?

  • Download the Capital One Mobile app. Use it to pay your bills or send money to friends and family. Also, 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 Capital One customer service at 800-227-4825 if you have any questions.
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How can I redeem the miles I earn?

  • 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: Get cash back in the form of a check or statement credit, merchandise or gift cards as well. For non-travel redemption, the value of your miles may vary.
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Bottom line

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 (Terms apply, see rates & fees), 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.

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Credit card ratings

★★★★★ — 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.

Learn the details of our methodology and scoring.

Images: Capital One

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