The Capital One Venture Rewards card 10x miles at Hotels.com, 2x for all other purchases and you can transfer your miles to 15 different airlines. You get all of this for a $95 annual fee that’s waived the first year.
What are the Benefits?
The Capital One Venture Rewards stands out because it offers up to $100 credit for Global Entry or TSA PreCheck for an annual fee of $95 that’s waived the first year. Other cards do offer the same credit but at an annual fee of more than $400.
This card is also great for those who travel internationally because there are no foreign transaction fees. You can use this card outside of the United States without racking up a bunch of fees.
You’ll also get more travel benefits:
- Travel Accident Insurance
- 24-Hour Travel Assistance Services
- Auto Rental Collision Damage Waiver
Now for those who love to shop, you’ll get shopping benefits. WikiBuy, Paribus, and extended warranty are 3 nice shopping perks that this card offers.
WikiBuy finds coupon codes, Paribus finds potential savings on your previous online purchases and you’ll get an extended warranty for eligible purchases. The warranty doubles the manufacturer’s warranty up to one extra year for warranties of 3 years or less. The maximum is $10,000 per claim and $50,000 per cardholder.
The Venture card also offers Eno for online purchases, which means your real card number will be safe and protected because Eno will give you a virtual number to use. This is awesome for fraud protection!
What are the Rates and Fees?
Rates can fluctuate so be sure to check CapitalOne.com to stay up-to-date with the current interest rates. As of July 30, 2019, the purchase rate is 17.99% – 25.24% variable APR.
This card comes with an annual fee of $95 and is waived for the first year.
Again, check the website to see if there are any promotions but as of July 30, 2019, the sign-up bonus is 50,000 after you spend $3,000 within the first 3 months from account opening.
For this card, 1 mile is equivalent to 1 cent which means 50,000 miles is at least $500 in travel and possibly more if you transfer to one of their airline partners.
Credit Score Requirements
The Capital One Venture Rewards card is for those who have an excellent credit score. According to Capital One’s website, excellent credit means:
“I’ve never declared bankruptcy or defaulted on a loan; I haven’t been more than 60 days late on any credit card, medical bill, or loan in the last year; I’ve had a loan or credit card for 3 years or more with a credit limit above $5,000.”
Earning miles with the Venture card is simple and straight-forward. You earn 10x for booking through Hotels.com with your card and 2x for everything else.
Every $1 = 2 miles.
To redeem miles, you can:
- Book a trip using your miles
- Cover travel purchases
- Get gift cards or cashback
- Transfer to another account holder
- Transfer to an airline partner
There are 15 Capital One Airline Partners (always subject to change):
- Aeromexico Club Premier
- Air France KLM Flying Blue
- Air Canada Aeroplan
- Alitalia MilleMiglia Program
- Asia Miles
- Avianca LifeMiles
- Emirates Skywards
- Etihad Airways Etihad Guest
- EVA Air Infinity MileageLands
- Finnair Plus
- Hainan Airlines Fortune Wings Club
- JetBlue TrueBlue
- Qantas Frequent Flyer
- Qatar Airways Privilege Club
- Singapore Airlines KrisFlyer
Cardholders can redeem miles by booking on any airline at any time, with no blackout dates, and no need to book in advance. The best part is that miles don’t expire as long as your account is still active.
Capital One Venture Rewards Competitors
The Capital One Venture Rewards card is a fantastic card but there are other great cards that have an annual fee that’s less than $100 too.
The Chase Sapphire Preferred is another popular card that earns 2 points for each dollar on travel and dining and 1 mile per dollar spent on everything else.
The Amex EveryDay® Preferred Credit Card has an annual fee of $95 and earns 3 points per dollar spent at US supermarkets (up to $6,000 per year), 2 points per dollar spent at gas stations in the US, and 1 point per dollar spent on all other purchases.
Citi offers the Citi Premier card which earns 3 points per dollar spent on travel (includes gas), 2 points per dollar spent on restaurants and entertainment, and 1 point per dollar spent on all other purchases.
The Capital One Venture Rewards card is great for those who love simplicity. It offers a simple and competitive miles earning system, a variety of transfer partners and redeeming options.
The 10 miles per dollar spent at Hotels.com is a huge perk and is very valuable for earning miles.
The $95 annual fee is waived the first year and there are NO foreign transaction fees. This is an excellent card to use internationally.
The current bonus is 50,000 miles (worth $500 or more in travel) after spending $3,000 on purchases within the first 3 months of account opening.
Editorial Note: Opinions expressed here are the author’s alone, not those of any bank or credit card issuer. The content on this page is not provided by any entity mentioned. They have not been reviewed, approved or otherwise endorsed by any of these entities.