Capital One Venture Rewards Credit Card is designed to make reserving travel plans easier. The card earns unlimited double miles per greenback spent on all eligible purchases. This means any travel purchases or groceries you purchase will earn double miles. You will receive a one-time early spend bonus of 60,000 miles for spending $3,000 in purchases within your first three months of proudly owning the card. Your rewards won’t ever expire if your account stays open.
Then once you’ve, without difficulty, earned enough miles, they are best redeemed towards travel purchases. This is because when redeemed for journey rewards, every 100 miles equals $1. You can use your earned miles to e-book flights, hotels, or car leases through Capital One’s Rewards Center. You have already made travel plans on a distinct travel website. If you made your buy with your Capital One Venture Rewards Credit Card, you could use Capital One’s Purchase Eraser to redeem your miles for an account credit for the full or partial cost of your tour purchase.
Initial Benefits
Lower Annual Fee
The CapOne Venture card charges a $95 annual fee yet comes with unlimited earnings. Before you apply, check the latest offer, as previous offers have included a waived annual fee for the first year.
Generous Sign-up Bonus
Sign-up bonuses vary, but you can typically count on hundreds of dollars worth of Capital One Miles when you’re approved for the Venture Card.
Credit Card Benefits
Capital One Venture Rewards Credit Card
Capital One Venture Rewards Card
Enjoy a one-time bonus of 60,000 miles once you spend $3,000 on purchases within three months from account opening, equal to $600 in travel.
Earn unlimited 2x miles on every purchase, every day
Earn 5x points on hotels and rental cars booked through the Capital One travel portal.
Miles won’t expire for the life of the account, and there’s no limit to how many you can earn.
Receive up to $100 application fee credit for Global Entry or TSA PreCheck®
Redeem on travel-including flights, vacation rentals, car rentals, and more. Plus, transfer your miles to over 15+ travel loyalty programs.
No foreign transaction fees
Excellent Credit Recommended (740-850)
Annual FeeFee: $95
UP’s Bonus Valuation*: $1,080
The bonus is paid out if you meet the initial spending requirement generally within the first three months after card approval.
Breakdowns:
Earning Rewards
Earn on Every Purchase
With the CapOne Venture card, there are no complicated bonus categories or earning structures to navigate. You simply earn 2 miles per dollar on every purchase you make.
Using your card for all your everyday spending, travel, and miscellaneous expenses can really add up. $25,000 per year would equal $500 or more in travel value toward that family vacation you’ve been dreaming of.
Unlimited Earnings
No matter how you earn Capital One Miles, there’s no limit on how many you can earn.
For additional information on earning Capital, one reward on all Capital One credit cards, check out our list of the best ways to earn lots of Capital One rewards.
Bottom Line:
You’ll earn 2 miles for every dollar you spend on your CapOne Venture card. There’s no limit on how many miles you can earn.
United Polaris Middle Seats
Transferring Capital One Miles to fly in United Polaris Business class is a great way to fly to Europe!
Redeeming Capital One Miles
Capital One Miles is simple to earn and easy to redeem.
Transfer Miles to Airline Partners
Capital One Miles aren’t airline miles, but you can turn them into real airline miles by transferring them to your airline’s frequent flyer program.
Capital One Miles can be transferred to more than a dozen airline partners, so you can utilize those miles to purchase award tickets. This option can result in getting greater than 1 cent per mile value for your miles.
For instructions on how to transfer your Capital One Miles to airline partners and a collection of some very creative flight redemption ideas, check out the best ways to use Cap One miles.
Purchase Eraser
You’ll never have to worry about being able to use your Capital One Miles for travel.
Simply purchase the travel you want using your CapOne Venture card. You’ll then have 90 days from the date the purchase hits your account to use Purchase Eraser to get a statement credit.
Purchase Eraser allows you to redeem your miles at 1 cent each towards travel purchases. Partial redemptions for travel purchases are also available.
Travel Purchases
Another option to redeem your Capital One Miles for travel is to book directly on Capitalone.com or call the Capital One Rewards Center.
You’ll receive 1 cent per mile value towards travel purchases. For example, if your travel purchase is $200, you’ll need to redeem 20,000 miles to cover the purchase.
Use Capital One Miles to Pay for Experiences
Whether it’s a foodie tour of New Orleans, an island cruise to the Bahamas, or a hike up the Eiffel Tower, you can use your Capital One Miles to erase the travel purchase from your statement.
Since the Capital One Purchase Eraser wipes out travel expenses with a statement credit, any purchase that codes as travel can be covered with your Capital One Miles.
For an in-depth look at using credit card rewards to book experiences, our complete guide to booking experiences with credit card rewards has some surprising ideas!
Redeem for Gift Cards
You can receive more than the standard 1 cent per mile when you redeem your Capital One Miles for gift cards. Compare redemption prices and look for specials to receive the best value for your miles.
Redeem for Cash-back
Redeeming your Capital One Miles for cash is not a good value, but it is an option. You’ll only receive half a cent in value per mile redeemed.
Donate Your Rewards
Capital One Miles can no longer be redeemed for charitable donations via the Capital One Giving Site as it has been discontinued.
You can, however, transfer your Capital One Miles to one of the airline partner programs and donate your miles through the airline’s donation program.
No Minimum Redemption Amount
You can redeem even a small number of miles from your account as there is no minimum redemption requirement.
Checkout with PayPal
When your eligible card is linked to PayPal, you can check out with PayPal and redeem your miles at 125 miles to $1. We’d recommend this only if you didn’t use your miles for travel or a statement credit.
Miles Never Expire
Your miles never expire if you have an active Capital One account open and in good standing. You will forfeit your miles if your account is closed, so be sure to use all your miles before closing your account.
Transfer Capital One Miles to Other Accounts
Capital One Miles offers the flexible option of transferring the miles to another account. The account holder you’re transferring to or from just needs to have an active Capital One Miles account.
There’s no charge for transferring Capital One Miles.
Capital One pre-qualify
Find out risk-free if you’re pre-qualified for Capital One credit cards.
Risk-Free Offers for Capital One Credit Cards
Pre-Qualification Tool
Capital One has created a stress-free way to determine if you’re pre-qualified for one of their credit cards. Their pre-qualification inquiry process isn’t a formal credit card application, so no credit check is done.
The tool is designed to find out quickly and easily if you may be pre-qualified for a Capital One credit card. Just complete the simple form and submit it to see if you’re pre-qualified. It takes less than 60 seconds for the results.
Being pre-qualified isn’t a guarantee that you will ultimately get approved for a particular card. It does, however, give you an idea of which credit cards you’re most likely to qualify for.
Capital One Participates in Card Match
There’s another option for accessing credit card offers that may be waiting for you, including offers from Capital One. The Card Match Tool is a risk-free way to see if you already have available credit card offers.
Your credit report isn’t accessed, so there’s no risk in checking it out. For additional information, check out our guide on how you can find pre-qualified and pre-approved credit card offers.
Travel Protection and Benefits
$100 Global Entry or TSA PreCheck Credit
Just charge your Global Entry or TSA PreCheck fee to your Venture Card, and you’ll receive a statement credit in the amount of the FeeFee, up to $100. You can receive this benefit once every four years.
No Foreign Transaction Fees
There’s nothing worse than having 3-5% added to your foreign purchases. There are no foreign transaction fees with the CapOne Venture card.
Rental Car View
Visa Signature benefits on the Venture Rewards card include collision damage waiver for rental cars.
Auto Rental Collision Damage Waiver
Use your CapOne Venture card to rent a vehicle and refuse the car rental agency’s collision damage coverage. You’ll receive secondary coverage for collision damage and theft on a domestic car rental and primary coverage for international rentals.
Rentals cannot exceed 15 days within your country of residence and 31 days outside of your country of residence.
Travel Assistance Services
Receive 24/7 access to emergency legal, medical, and transportation assistance while traveling. Your spouse and dependent children (under 22 years of age) are also covered.
The cardholder is responsible for any costs incurred for referred services.
Travel Accident Insurance
When there’s a personal injury loss on a common carrier, and you’ve paid with your CapOne Venture card, you may receive up to $100,000 for a covered loss.
Lost Luggage
Pay for your ticket with your CapOne Venture card and receive up to $3,000 ($2,000 for New York residents) if your luggage is lost or stolen.
Roadside Dispatch
Receive 24/7 service assistance for towing, gas, tire changing, jump-starting, and lockout service. Service calls are priced at a flat $59 for cardholders.
Premium Visa Travel Benefits
Enjoy perks at Visa Signature Luxury Hotel Collection properties, VIP access to events, and access to your own Visa Signature Concierge 24/7.
Gravity Haus Benefits
Cardholders receive a $300 discount toward a membership. This entitles you to discounted hotel stays near top ski resorts, exclusive events, and discounts on your ski or snowboarding gar. This partnership will last through January 19, 2024.
Shopping Protections and Benefits
Extended Warranty
Purchase a qualifying item entirely with your Venture Card and have the original manufacturer’s warranty period doubled in length.
For example, if you have a manufacturer’s warranty of 2 years, you will receive an additional two years when you purchase the item on your Venture Card. The original warranty must be three years or less.
Purchase Security
Purchase an eligible item and receive 90 days of coverage (from the purchase date) for theft or damage. There’s a limit of $500 per claim.
Account Management and Security Features
Capital One Mobile App
Manage your account on the go with the Capital One mobile app. You can check your balance, track your purchases, and even pay your bill.
Check Your Credit for Free
With CreditWise®, you can access and monitor your credit score for free. You don’t even have to be a cardholder to use CreditWise®.
Eno® the Virtual Account Assistant
Eno® tracks your account 24/7 and alerts you of suspected fraud, answers your inquiries, and helps you shop online safely.
Add an Authorized User
Add a user to your account and track their spending.
Custom Account Alerts
Set up your account alerts for unusual activity, large purchases, or other specific card activity so you’re never surprised.
Zero Fraud Liability
You are not liable for unauthorized purchases on your card.
Unlimited Rewards, No Expirations
There’s no limit to how much cash back or travel miles you can earn with Capital One rewards credit cards. Plus, your rewards won’t expire for the life of the account.
Travel Rewards
Earn travel miles on every purchase. Book through any site or service and redeem for any flight, car rentals, hotels, ride-sharing apps, cruises, and more. Compare travel rewards cards.
Cash Rewards
Earn cash back on every purchase, every day. Redeem your cash back for any amount at any time for the life of the account. Compare cashback cards
Statement Credit 3
Redeem your rewards to lower your account balance.
Get Gift Cards 4
Redeem rewards for gift cards with your favorite merchants.
Transfer Your Miles 5
With our travel rewards cards, you may be able to transfer miles to one of our 10+ travel partners.
Easy to Redeem
Sign in to your account or use Capital One’s mobile banking app to view redemption options easily.
Shop with Rewards at Amazon.com
Pay for your purchases at Amazon.com using your Capital One rewards. Learn more about how to use your rewards at Amazon.
