Capital One® Venture® Rewards Credit Card Review

Best for: travelers who want flexible options for how they can redeem their rewards

For the traveler who doesn’t want to feel tied down, the Capital One Venture Rewards Credit Card will undoubtedly make the list of travel rewards cards. Thanks to a large intro bonus, zero foreign transaction fees and flexible redemption options, this card is ready to follow you around the globe.

The basics of the Capital One Venture Rewards Credit Card

  • APR: The Capital One Venture Rewards Credit Card doesn’t currently offer an intro APR. The standard APR ranges from 17.99% – 25.24%.
  • Annual Fee: Enjoy a $0 intro fee for the first year, but it’s typically $95 per year.
  • Reward Rates: Earn 2 miles for every dollar you spend. Plus, through January 2020, earn 10x the miles when you book a hotel with Hotels.com/venture.
  • Intro Offer: Earn 50,000 bonus miles when you spend $3,000 within the first three months of opening your account.

The Venture Card’s standout features

  • High rewards rate: Travelers earn 2x points on everyday purchases, plus, until January 2020, cardholders can enjoy 10x points when booking a hotel through Capital One’s partnership with Hotels.com.
  • Flexible redemption options: There are multiple ways to redeem points with the Capital One Venture Rewards Credit Card. You can redeem them directly through Capital One’s travel center to use your points upfront or you can book on other sites and use the Purchase Eraser® feature to get a credit on your statement for the cost. As an added bonus, there is no minimum amount required for you to redeem the points and you can put them towards any of your travel-related purchases.
  • No foreign transaction fee: Typically, credit cards will add a surcharge of around 3% on foreign transactions. Capital One does not charge a fee.
  • Large intro bonus: When you spend $3,000 within the first three months of owning the card, you’re automatically granted 50,000 points, which is worth $500 in travel costs.
  • Cash back on Global Entry or TSA Pre✓® fee: You can receive up to $100 cash back when you use your card to cover the cost of Global Entry or TSA Pre✓®.

The best way to use the Capital One Venture Rewards Credit Card 

The best thing about the Capital One Venture Rewards Credit Card is that it allows travelers the freedom to both earn and use their points however they see fit. Instead of making you keep track of spending categories, this card simply gives you two points for every dollar you spend, double what you see from most travel rewards cards.  Plus, until January 2020, you can unlock even bigger rewards – 10x the points – whenever you book your next stay through Hotels.com/venture.   

Planning that next trip is also easier because the card’s Purchase Eraser® feature ensures that there are no blackout dates or restrictions on where you can go. Finally, you can get away even sooner when you spend $3,000 in your first three months of owning the card to qualify for the intro bonus of 50,000 points, which is worth up to $500 in travel rewards.

In a nutshell

The Capital One Venture Rewards Credit Card is perfect for travelers who don’t want to be tied down to a single airline or travel rewards program. By offering double the points on all of your spending, flexible redemption options, and a generous intro bonus, there’s no way you can go wrong.

However, if you’re someone who’s more inclined to stay at home and put your rewards towards receiving cash back than to splurge on a flight to an exotic locale, you should know that your points will only be worth half as much as if you’d redeemed them for travel. You may prefer a card with a stronger cash back option such as the Discover it® Cash Back.

Additionally, while the Capital One Venture Rewards Credit Card is generally considered to be one of the most lucrative travel cards on the market, it’s best suited for those with excellent credit, who are willing to pay an annual fee. If you need some time to build your credit or are looking for a no-fee option, you might prefer the Bank of America® Travel Rewards Credit Card.

Tara Mastroeni

Personal finance writer

Tara lives in Philadelphia, PA. Her work has also been published on LendingTree and Forbes. In her spare time, she enjoys hitting the gym.