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Capital One Venture Rewards Credit Card

Capital One VentureOne Rewards Credit Card vs. Capital One Venture Rewards Credit Card
The Capital One VentureOne Rewards Credit Card offers a flat 1.25 miles per dollar rewards rate on purchases (plus five miles per dollar on rental cars and hotels booked through Capital One Travel), doesn’t charge an annual fee and has a slightly lower annual percentage rate of 15.24% to 25.24% (variable).

The Capital One Venture Rewards Credit Card has good annual rewards value and no transfer fee at the transfer APR. It’s a good choice if you want to earn travel rewards and want a simple way to redeem them. The annual fee is well worth it if you plan to do any traveling, as the card offers valuable travel benefits.

Capital One Quicksilver Cash Rewards Credit Card vs. Capital One Venture Rewards Credit Card
The Capital One Quicksilver Cash Rewards Credit Card offers a flat 1.5% cash back rewards rate on every purchase you make, plus a long 0% intro APR on purchases and balance transfers for 15 months; 15.24% to 25.24% (variable) APR after that, giving you a chance to save on interest. However, its introductory bonus is worth less than the Capital One Venture Rewards Credit Card’s.

The Capital One Venture Rewards Credit Card has good annual rewards value with no transfer fee at the transfer APR. It’s a good choice if you want to earn travel rewards and want a simple way to redeem them. Combine that with its travel benefits, and it may be the best choice if you want a bit more out of a travel card – as long as you’re able to use the perks enough to justify the annual fee.

The Capital One Venture Rewards Credit Card offers two miles per dollar on every purchase, plus five miles per dollar spent on rental cars and hotels booked through Capital One Travel. This high rewards rate makes racking up miles for your next trip easy to do.

Because the card earns on every purchase, you don’t have to worry about keeping track of bonus categories or maximizing your rewards. Keep in mind, though, that you need to earn enough miles each year to make up for the card’s annual fee. So if you don’t spend a lot, this might not be the card for you.

The card offers a 60,000 mile sign-up bonus once you spend $3,000 on purchases within 3 months from account opening, equal to $600 in travel.

Cardholders have multiple options when using their miles for travel. You can use your miles to book a trip directly through the Capital One Rewards Center, but keep in mind that this option may not allow you to easily compare prices because you’re limited to the pricing the portal offers. You may be better off using the card to book travel directly and getting a statement credit.

If you want to potentially get more value out of your miles, considering transferring them to one of Capital One’s transfer partners. Values ​​vary depending on the partner and how you redeem your miles.

Airline transfer partners include:

  • Aeromexico Club Premier. (Miles can be transferred at a 1-to-1 value)
  • Air France KLM Flying Blue. (1-to-1 transfer value)
  • Air Canada Aeroplan. (1-to-1 transfer value)
  • British Airways Avios. (1-to-1 transfer value)
  • Cathay Pacific Asia Miles. (1-to-1 transfer value)
  • Avianca LifeMiles. (1-to-1 transfer value)
  • Emirates Skywards. (1-to-1 transfer value)
  • Etihad Airways Etihad Guest. (1-to-1 transfer value)
  • EVA Air Infinity MileageLands. (Miles can be transferred at a rate of 2 to 1.5 airline miles or hotel points)
  • Finnair Plus. (1-to-1 transfer value)
  • Qantas Frequent Flyer. (1-to-1 transfer value)
  • Singapore Airlines KrisFlyer. (1-to-1 transfer value)
  • TAP Air Portugal TAP Miles&Go. (1-to-1 transfer value)
  • Turkish Airlines Miles&Smiles. (1-to-1 transfer value)
  • Virgin Air. (1-to-1 transfer value)

Hotel transfer partners include:

  • Choice Hotels Choice Privileges. (1-to-1 transfer value)
  • Wyndham Hotels & Resorts Wyndham Rewards. (1-to-1 transfer value)
  • ALL – Accor Live Limitless. (Miles can be transferred at a rate of 2 to 1 loyalty point)

You can also redeem your miles for cash back, gift cards and more, but the redemption values ​​vary for these options, and they may not be as valuable as using your rewards for travel.

The Capital One Venture Rewards Credit Card offers high value through its rewards program. But if you carry a balance from month to month, the interest charges will eat into and potentially neutralize that value.

The card doesn’t offer an introductory 0% APR promotion, so any balance you carry will cost you. The interest rate is also slightly above average compared with other travel credit cards, according to US News researchwith a 16.24% – 24.24% (Variable) APR.

  • Annual fee: This card has a $95 annual fee. The average annual fee among travel credit cards that charge one is $139.16, according to a 2019 US News study, so the Capital One Venture Rewards Credit Card’s annual fee is slightly lower than average.
  • Foreign transaction fee: There are no foreign transaction fees with the Capital One Venture Rewards Credit Card.
  • Balance transfer fee: The Capital One Venture Rewards Credit Card doesn’t have a transfer fee for balances transferred at the transfer APR. Otherwise, it’s 3% of the amount of each balance transfer that posts to your account at a promotional APR Capital One may offer.
  • Cash advance fee: This card has a cash advance fee of either $10 or 3% of the amount of each cash advance, whichever is greater.
  • Late payment fee: The Capital One Venture Rewards Credit Card has a late payment fee up to $40.

You’ll need at least good credit for approval, but having excellent credit can improve your likelihood of getting the Capital One Venture Rewards Credit Card. Be sure to fill out the application completely and accurately, and contact Capital One for reconsideration if you’re not initially approved.

  • Spend enough to offset the annual fee.
  • Plan to redeem your rewards for travel.
  • Desire flexible travel redemption options.
  • Want an application fee credit for TSA PreCheck or Global Entry, and don’t want foreign transaction fees.

Q: Is the Capital One Venture Rewards Credit Card a good card?
The Capital One Venture Rewards Credit Card is a leading travel credit card with a two miles per dollar rewards rate, plus five miles per dollar on rental cars and hotels booked through Capital One Travel, and easy redemption options. The annual fee is $95. It can be a good card for consumers who spend enough to offset the annual fee and who use the miles earned for travel.

Q: What credit score do you need to get the Capital One Venture Rewards Credit Card?
Good to excellent credit is needed for the Capital One Venture Rewards Credit Card. You should have a FICO credit score of at least 670.

Q: How much are Capital One Venture miles worth?
Miles are worth 1 cent each, but their value varies depending on how you use them.

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