Capital One® Venture® Rewards Credit Card Review

Capital One® Venture® Rewards Credit Card:

Reviews capital one venture card Bonus: 40,000 Venture® miles when you spend $3,000 in the first 3 months. $59 annual fee waived the first year.

Analysis: This bonus has held steady for many months with no indication this will increase. 40,000 miles plus 6,000 for $3,000 spend (2 points per $1) = 46,000 worth $460 of statement credits for completely flexible travel.

  • 2x miles on every purchase
  • Use this card to pay for your “travel” expense and log into your online account after the fact (up to 90 days later) to redeem your miles for a statement credit.
  • Travel expenses defined by Capital One: “Purchases made from airlines, hotels, rail lines, car rental agencies, limousine services, bus lines, cruise lines, taxi cabs, travel agents and time shares are generally considered to be travel purchases and availability for redemption is based on the merchant category code assigned to them by the merchant.”
  • No foreign transaction fees
  • Miles don’t expire while your account is open

  • $59 annual fee is waived the first year
  • These miles are not transferable and they reside in your credit card account. They don’t expire while your account is open, but if you go to close your account in the future, be aware that you can lose your miles if not redeemed.

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Review: Capital One’s Great Travel Rewards Card

Since Capital One has lately modified some of the terms around its Venture Rewards card, which is their flagship travel rewards offering, we decided to summarize the pros/cons, gather the details, and put them in a format that is easy to read and understand, so that you can make an informed decision.

Why Capital One Venture Rewards is a great card

Reviews capital one venture card

Based on a combination of factors we’ll go over below, the answer is an emphatic yes, with the caveat that you have to have excellent credit in order to qualify for the card.

The Venture Rewards is a very strong card for those with excellent credit, with a floor rate of 13.24%. Every other top rewarding card has floor rates of 15% and higher.

Most of the high-paying travel rewards cards have an annual fee, and the Venture Rewards does too. However, for the first year, the fee is waived, and it is $59 per year after that, with the lowest annual fee we found among cards that offered a comparable rewards levels.

Reviews capital one venture card

What good are travel rewards if you are so restricted it’s next to impossible to use them? Again, Venture comes in tops, because it lets cardholders redeem rewards at any hotel or airline, anytime, with no blackout dates.

This is where the Venture Rewards stands out, offering a staggering 40,000 miles, which is a $400 value to new cardholders. The catch is you will need to spend $3,000 in the first 3 months in order to earn this bonus.

Reviews capital one venture card

The Venture Rewards card charges no foreign transaction fees. Based on the categories that we measure travel cards, the Capital One Venture Rewards comes in first overall by a pretty hefty margin.

The Venture Rewards card came out on top among travel cards with its large initial bonus, 2x rewards first-year fee, no foreign transaction fees, redemption flexibility, and lower floor APR.

But it does charge an annual fee, although it’s lower than other offerings. It requires good to excellent credit.


Credit Card Review: Capital One Venture Rewards (COF)

Reviews capital one venture card

Reviews capital one venture card

Reviews capital one venture card

Using a travel rewards card for regular household spending is a terrific way to help reduce the cost of an annual family vacation or earn a quiet weekend away to recharge. While branded airline miles cards and hotel rewards cards are good options, they do not offer much flexibility in how rewards are used. The Venture Rewards card, on the other hand, is designed for flexibility. Cardholders are free to use rewards to offset airfare, hotel costs, car rentals and many other travel-related expenses. Issued by Capital One Financial Corp (COF), the Venture Rewards card is a worthy option in a very competitive market for travel credit cards.

As of July 2015, the Capital One Venture Rewards card delivers two rewards miles for every dollar spent on the card. Accumulated rewards can be used to offset travel expenses at a rate of 100 miles per dollar. At this rate, Venture Rewards cardholders enjoy a return of 2% on every dollar spent. New cardholders who spend at least $3,000 on the Venture Rewards card in the first three months of ownership get a special bonus of 40,000 miles, equivalent to $400 of travel expenses. New cardholders also receive a one-year waiver on the $59 annual fee.

The Venture Rewards card does not charge any foreign transaction fees. In comparison, many credit cards charge a fee of up to 3% on transactions executed outside the United States. The card also comes with a variety of consumer protection benefits, including coverage for fraudulent use of a lost or stolen card, free access to the Capital One Credit Tracker tool and automatic extended warranty coverage for items purchased in full with the card.

Venture Rewards cardholders pay a variable annual percentage rate (APR) between 12.9 and 22.9% on purchases and balance transfers, depending on creditworthiness. There is no transaction fee for balance transfers. The APR on cash advances is 24.9%, while the associated transaction fee is equal to the greater of $10 or 3% of the transaction amount.

There are a couple ways to redeem Venture Rewards miles. First, the Capital One Purchase Eraser tool allows cardholders to offset the cost of a specific travel purchase with a credit on the billing statement paid for with rewards miles. For example, a $75 purchase for a hotel room can be offset with 7,500 rewards miles. To offset a specific transaction, the Purchase Eraser must be used within 90 days of the transaction date. Cardholders can access the Purchase Eraser tool online or by calling the Capital One Rewards Center. Cardholders can also redeem rewards miles by booking travel directly through the Capital One Rewards Center.

The Capital One Venture Rewards card competes most directly with travel credit cards such as the Discover Miles card, the BankAmericard Travel Rewards card and the Chase Sapphire Preferred card. Like the Venture Rewards card, all these cards provide the flexibility to use accumulated rewards to offset all types of travel expenses, not just a narrow category or brand of travel services.

The Venture Rewards card is a standout in this card category primarily for combining a high-value rewards program with a moderate annual fee. Some competing cards charge no annual fee, while delivering a lower rewards rate than the Venture Rewards card. Other competing cards charge a higher annual fee than the Venture Rewards card without delivering a higher-value rewards program.

The Capital One Venture Rewards card is a terrific option for families and other big spenders who want more flexibility than airline miles or hotel rewards cards can provide. Although this card has an annual fee after the first year, the unlimited 2% reward rate is an exceptional value. By spending regularly with the card and paying off the balance each month, cardholders can realize rewards much greater than the annual fee.


Capital One Venture Rewards Review: Is Card Good?

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Want to earn more miles on everything you spend? Want travel rewards without jumping through hoops? The Capital One Venture Rewards card might just be what you need.

  • 2x points
  • Sign-up bonus
  • No foreign transaction fee
  • $59 annual fee ($0 intro annual fee for first year)
  • No airline transfer partners
  • No intro APR

Good travel credit card for the occasional traveler

Travel rewards are complicated to use these days.

Who's got the time to sign up for multiple travel loyalty programs and transfer points and call to book flights with said points. Not to mention all those black-out dates and limited seat availability.

If those above statements sound like you, you may just like the Capital One Venture Rewards cards. It's super straightforward to use and has a great rewards structure. The sign-on bonus is generous and it comes with some nice travel perks.

This card is a good choice for travelers who have excellent credit and want to earn miles without a lot of extra homework.

But watch out: there is a $59 annual fee ($0 intro for the first year).

So is it right for you? We'll examine the pros and cons below.

Reviews capital one venture card

There are many reasons to like the Venture Rewards card, but we have zeroed in on features that make it a real head-turner:

  • 2x points on EVERYTHING: You automatically earn 2 miles for every dollar you spend with the card. And there is no cap on how many miles you can rack up. This makes the Capital One Venture a great primary card for everyday spending.

  • A hot sign-up bonus: Capital One dangles a nice carrot for new customers in the form of a one-time, 40,000-mile bonus. This is the equivalent of a $400 travel credit that can be applied toward any travel-related purchase. You'll have to put $3,000 on the card within the first 3 months to qualify.

  • No foreign transaction fees: If you routinely travel overseas, you'll never have to worry about paying that pesky 3% fee for foreign purchases that some other cards charge.

  • Super easy redemption: Miles earned with the card are simply applied as a statement credit toward any travel-related spending (made in the previous 90 days). You can use them for ANY flights, hotel stays, car rentals, cruises, and more. The redemption rate is 1 cent per mile (10,000 miles = $100).

    This means that you don't have to transfer miles or book complicated award flights. And you can redeem the miles toward any flight or hotel without having to worry about award blackouts.

  • You pay no annual fee for the first year: The Venture Rewards card does have an annual fee of $59, but it's waived for the first year, so you have plenty of time to try it on for size.
  • 3 Reasons to Consider Other Cards

    Reviews capital one venture card

    The Venture Rewards card is a solid pick for some travelers but not so much for others. We've come up with a few reasons why another travel rewards card may be the better choice.

    • You use frequent traveler programs: Some other cards allow you to transfer points to a travel program (like a frequent flyer or hotel discount program). This often allows you to get more mileage out of your points. In many cases, this could increase the value of each point to over 2 cents per mile. But you won't have that option with the Venture Rewards card. With this card, your redemption rate will always be just 1 cent per mile.

    To learn more about airline miles and points, read our Beginner's Guide.

  • You carry a balance: If you don't pay your card off in full each month, the interest rate is quite high. The variable APR on purchases and balance transfers is 13.99% to 23.99%, depending on your creditworthiness. And there is no 0% APR promotional period.

  • Your credit's not that great: When it comes to travel credit cards, the better the rewards are, the better your credit score needs to be. This card is no exception; if your credit is less than stellar, you may not qualify.
  • Our Opinion: Is the Capital One Venture Rewards Worth It?

    Our general opinion is yes - this is a great travel rewards cards. The 2x points on everything is hard to beat.

    But it also depends on what kind of traveler you are. We think this card is more geared towards the casual traveler who likes being able to get a discount now and then.

    In a recent survey performed by Capital One regarding travel rewards, they discovered the following:

    • About half of the people think travel rewards are just too complicated to use.

  • Half the people think it's too challenging to use miles to book award travel, and thus avoid doing so.

  • Over a quarter of the people are frustrated with not being able to use their rewards when they want to.
  • If you are in this half of the group, then you'd appreciate a simple card like the Capital One Venture. You just book travel, and then simply use your miles later as statement credit (applied to travel expenses in the last 90 days). You can book on any airline or hotel, at any time. There are absolutely no restrictions on dates, seats, etc.

    The trade-off for simplicity is that your reward rate will always just be 1 cent per mile. But some people value their time, flexibility, and ease.

    To round out our review, we decided to compare the Venture Rewards card to some of its competitors. Take a look at how it stacks up against these travel rewards card heavy-hitters.

    If you prefer simple cash back instead:

    Capital One Quicksilver: Travelers who prefer cash back to miles or points may like the Quicksilver card from Capital One. The card pays 1.5% unlimited cash back on every purchase, plus a $150 cash back bonus when you spend $500 in the first 3 months.

    The Quicksilver card also has no annual fee and no foreign transaction fees.


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    Capital One Venture Miles Rewards Card (Review)

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    The Best Capital One Credit Cards

    CreditCardCatalog.com (http://www.CreditCardCatalog.com Email: [email protected]) offers its thoughts on the three best credit cards issued by Capital One, including the Capital One Quicksilver Rewards Card, the Capital One Venture Rewards Card, and the Capital One Premier Dining Rewards Card. Transcription: Hi I'm Adam Jusko from CreditCardCatalog.com and today we are talking about the best of the Capital One credit cards. We're going to look at the top three credit cards issued by Capital One. Number One credit card, our favorite, is the Capital One Quicksilver Rewards Card. This is a card that gives you a 1.5% cash back reward across all your purchases, so you don't need to worry about any special categories or anything changing on you. You're going to get 1.5% cash back on anything you buy. It's a nice simple card for people that don't want to think too much about how they're using their card, just getting a generous reward. You can get a nice bonus with this card as well. Assuming you spend at least five hundred dollars in the first three months of having it, you'll get a 100 dollar bonus. Five hundred dollars is generally a fairly low hurdle for most people so that is something that you can expect that you will probably hit. No annual fee for the Quicksilver Rewards Card. Really nothing more to say about it, it's 1.5% across the board. For people that don't qualify for this card, Capital One does offer a different Quicksilver card called the QuicksilverOne and it is basically the same in terms of the rewards, the 1.5% flat rebate but you're also going to have a $39 annual fee on that. So if your credit isn't quite up to the excellent credit standards that you might need for the Quicksilver Rewards Card then the QuicksilverOne is another option for you. The number two Capital One credit card is the Capital One Venture Rewards Card. This is a travel card with a $59 annual fee, though that annual fee is waived for the first year. You get two "miles" per dollar that you spend, and I say "miles" sort of in the air quotes here because they are not actually miles toward any particular airline or toward any other travel program. They are essentially points that are worth a penny each so it's sort of the equivalent of a two percent cash back credit card. But you can only use those rewards towards the travel that you put on the card, so you essentially can get a two percent discount on the travel that you put on this card. In terms of the bonus, if you spend three thousand dollars with this card in the first three months you can get 40,000 miles, again in the quotes, which is equal to four hundred dollars in travel rewards, so that's a pretty nice bonus. Assuming that you are someone who spends enough, three thousand dollars in in three months is a thousand dollars a month, obviously, and this card in general. if you're not a fairly big credit card spender it's not going to make sense but if you are it does. Capital One does offer another Venture card, the VentureOne rewards card, which is a no annual fee card every year. It offers a smaller bonus and for us it just doesn't make a whole lot of sense.The venture rewards card with the two percent, even though you have the $59 annual fee, we're making an assumption that you spend a good amount on your credit card. The other card, if you're not spending as much, it really makes sense more for you to go with something like the Quicksilver Rewards Card or another card that's going to give you a higher cash back rate, since the miles are essentially equivalent to cash back against your travel purchases. The number three Capital One credit card is the Capital One Premier Dining Rewards Card. This is a card that gives you three percent cash back on restaurant purchases, two percent cash back on groceries, and one percent cash back on everything else you buy. There are no caps, that's an unlimited reward. No annual fee for this card. So if you are someone that dines out a lot this is a card that could really make sense for you. You can earn a bonus $100 if you spend five hundred dollars in the first three months with this card. And that's it! To recap: our top three Capital One credit cards. number one the Capital One Quicksilver Card, number two the Capital One Venture Rewards Card and number three the Capital One Premier Dining Rewards Card. Thanks for watching, be sure to check out CreditCardCatalog.com for other reviews, card comparisons, and news. Thanks again.

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