on everyday purchases
15 airline + hotel
The Venture Card is one of the most popular travel award credit cards for good reason. If you are looking for a card that offers flexible, easy-to-use, and valuable rewards, this card is a great option. Now is a fantastic time to pick up the Venture Card as it comes with a limited-time, upgraded welcome bonus.
Advantages of the Capital One Venture Card
In this post I wanted a detailed overview of that Capital One Venture Rewards credit cardwhich hopefully answers any questions you might have about it.
The Venture Card offers a number of valuable benefits, including a large welcome bonus for new members, a Global Entry or TSA pre-check credit, and much more.
Let’s take a closer look at how it all works.
Venture Card Bonus: Up to 100,000 Venture Miles
The Capital One Venture Card has a phenomenal new one Time-limited welcome bonus of up to 100,000 bonus venture miles::
- Earn 50,000 Venture Bonus Miles after spending $ 3,000 in the first three months
- Earn a total of 100,000 Venture Bonus Miles after spending $ 20,000 in the first 12 months
The Venture Card normally earns 2x Venture Miles for every dollar spent, which is in addition to the bonus. That means:
- If you spend $ 3,000 in three months, you will earn a total of 56,000 Venture Miles, which is ~ 18.67x Venture Miles for every dollar spent
- If you spend $ 20,000 in 12 months, you will earn a total of 140,000 Venture Miles, which is 7x Venture Miles for every dollar spent
- To put it another way, you will earn an incremental 84,000 Venture Miles for the incremental spend of $ 17,000, which is an incremental ~ 5x Venture Miles per dollar spent
Venture Card annual fee
There is an annual fee of $ 95 for the Capital One Venture Card. Adding authorized users to the card is free.
The introductory bonus gives you a trip worth at least $ 1,000. So if you want to look at it differently, the welcome bonus gives you rewards equal to the annual fee for a total of more than 10 years, regardless of the rewards you earn from spending money on the card.
Venture Card Rewards Structure
The Capital One Venture Card offers unlimited 2x Venture Miles. I love how simple the reward structure on this card is and find this to be one of the most rewarding cards for everyday spending. The card has no overseas transaction fees, so this card can also be a great option for purchases abroad.
Risk Miles can either be redeemed for one cent each against the cost of a travel purchase (or for a limited time at that price for other purchases) or transferred to one of Capital One’s 15 airline and hotel partners at a ratio of up to 2: 1.5 .
Redeem risk miles for travel expenses
One way to redeem Venture Miles is to use a penny per mile towards the cost of a travel purchase. This means you will earn two cents for every dollar spent traveling as the card offers an unlimited 2x Venture Miles.
If you would like to redeem your Venture Miles for the cost of a travel purchase, it is best to use the “Buy an eraser” function. With this feature, you can easily make an eligible travel purchase with your card and then go online at a later date and use your Venture Miles to pay for the purchase within 90 days of the purchase date. Your credit will then be credited within two to three days.
Eligible travel purchases with your Venture Miles include purchases from airlines, hotels, rail lines, car rentals, limousine services, bus lines, cruise lines, taxis, travel agencies and timeshare offers.
Redeem Venture Miles for all types of travel expenses
Redeem Risk Miles for Restaurants and More (Temporarily)
Lots of people don’t care about travel rewards right now, so Capital One has added some flexible redemption options. Until June 30, 2021, you can use Capital One to redeem Venture Miles for eligible purchases in restaurants, takeaway and streaming service purchases.
You can use them just as you would redeem them to offset the cost of travel purchases. This is a great feature that gives card members a lot of flexibility.
Convert risk miles into airline or hotel points
Alternatively, you can transfer Capital One Venture Miles to Airline Miles and Hotel Points. Capital One currently has the following 15 airline and hotel partners:
|Aeromexico Club Premier||Accor Live Limitless (ALL)|
|Air Canada Aeroplan||Wyndham rewards|
|Air France / KLM Flying Blue|
|Cathay Pacific Asia Miles|
|EVA Air Infinity MileageLands|
|Qantas frequent flyers|
|Singapore Airlines KrisFlyer|
In addition to the normal transfer rates, we sometimes see Capital One offer transfer bonuses that can help you add even more value to your Venture Miles. For example, in 2019 we saw Capital One offering six different transfer bonuses (there weren’t many last year, presumably due to the pandemic).
In general, this option will give you the most benefit if you have international first or business class flights, as these are the flights that are likely to be most reasonably priced with airline miles, but which can be prohibitively expensive to use at checkout.
Transfer Venture Miles to Flying Blue to redeem in Air France Business Class
Venture Card car rental
The Venture Card provides secondary car rental when you rent a car and pay with the card. Coverage is secondary in the US and primary internationally. Only rentals of 15 days within your country of residence and 31 days outside of your country of residence are eligible.
Please see the full Card Membership Agreement for more information.
Purchase and travel protection for risk cards
In addition to rental car cover, the Venture Card offers purchase security and extended protection (cover for lost or stolen items within 90 days), travel and emergency aid services and much more. Please refer to the Card Membership Agreement for full details.
Venture Card Global Entry / TSA balance prior to check
The Venture Card offers a Global Entry or TSA Pre-Check credit every four years. Simply download the membership fee from your Capital One Venture Card and it will be refunded automatically. It doesn’t matter who the fee is paid for, as long as you charge it to your eligible card.
Why you should register for the global entry via TSA Pre-Check
If you want to take advantage of this, I would highly recommend registering for Global Entry through TSA Pre-Check. For those of you who are unfamiliar, TSA Pre-Check offers expedited US security clearance, while Global Entry offers expedited US immigration approval.
Why should you register for Global Entry and not for Pre-Check? Since Global Entry also comes with TSA Pre-Check, the opposite is not the case (if you sign up for TSA Pre-Check, you won’t get a global entry).
I registered for Global Entry for the first time in mid-2011 and wrote about my experiences at the time. Global Entry is valid for five years and I renewed my membership in 2016.
TSA pre-check can save a lot of time
Is the Venture Card right for you?
There are many great travel credit cards out there, so how do you decide which one Capital One Venture Card is right for you Let’s take a look at the usage restrictions as well as other cards to consider, including business credit cards and other personal travel rewards cards.
Restrictions on the use of risk cards
The terms of the Venture Card application state:
Existing or previous account holders may not be eligible for this one-time bonus.
If you currently have this card or have had it in the past, don’t expect to be able to earn the bonus again.
Then there are some general Capital One restrictions to be aware of:
- Capital One pulls out of three credit bureaus; Personally, I don’t find this a big deal one way or another, but it’s worth being aware of
- Usually you cannot apply for two Capital One cards on the same day. The second card (even if it is different) is automatically marked as a duplicate
- They can usually be approved for a maximum of one Capital One card every six months, regardless of whether they are personal or business cards
Similar alternatives to the Venture Card
If easy cashback is what you’re looking for then I guess there is no annual fee Citi® Double Cash Card (Rating) is a great option, although there is no initial bonus either.
If you are looking for an extremely lucrative card that will give you travel rewards, there are a few other options you should consider:
Quick comparison: Venture Vs. VentureOne
There are two versions of the Venture Card. In addition to the card I wrote about above, there is also no annual fee Capital One VentureOne Rewards credit card. What is the difference between Venture and Venture One?
- The venture has an annual fee of $ 95, offers a bonus of up to 100,000 venture miles and 2x venture miles for every dollar spent
- The VentureOne has no annual fee, offers a bonus of 20,000 venture miles and 1.25x venture miles for every dollar spent
It should be a breeze to apply for the venture through the VentureOne as the welcome bonus is much better and the expenses are more profitable. After one year, you can always downgrade to VentureOne if the venture doesn’t work for you.
See this post for a more detailed comparison of the two cards.
Summary of the Capital One Venture Card
The Capital One Venture Card is a solid travel rewards card. This is a well-rounded card that gives you the equivalent of up to two cents for travel or up to 1.5 airline miles or hotel points for every dollar spent (and possibly even more if there is a transfer bonus).
If you want a straightforward rewards card that offers a consistent return on all purchases and a lot of flexibility, the Capital One Venture Card is a great option. This is an especially good time to apply as an improved welcome bonus is currently available.
If you’re someone who spends a lot on certain categories, like food or travel, then something like that Chase Sapphire preferred or Citi Premier could continuously be a better option.
If you would like to learn more about the Venture Card or to apply, follow this link.