Capital One Venture Rewards Credit Card Review – 75,000 Miles and 2X Rewards

Overview

If you are looking for a travel credit card that gives you big bonus and rewards, Capital One Venture Rewards Credit Card is one of the top visa signature credit cards for what you need. It offers a bonus of 75,000 miles after qualified spending, redeemable for $750 travel credit, and rewards you 2 miles for every dollar you spend on every purchase. It has no foreign transaction fees, which makes it a very valuable credit card for international travelers. In addition, it gives you another $100 credit to pay for the application fee for airport expedited screening of Global Entry or TSA Pre✓®.

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Capital One Venture Rewards Credit Card

• You can enjoy a bonus of 75,000 miles after spending $4,000 on purchases within the first 3 months of account opening, redeemable for $750 in travel
• You will earn unlimited 2 miles per dollar on all purchases
• Miles won't expire and there's no cap on how many you can earn
• You will receive $85 credit for TSA PreCheck® or $100 credit for Global Entry
• You can enjoy two complimentary visits per year to Capital One Lounges or to 100+ Plaza Premium Lounges through the Partner Lounge Network
• You will earn 5 miles per dollar on hotels and rental cars purchased through Capital One Travel, where you'll get the best prices on trip options
• Redeem miles for travel credit, or redeem miles for trips purchased through Capital One Travel
• You can transfer miles to 15+ travel loyalty programs

Intro APR

N/A

Intro APR Period

N/A

Regular APR

20.74% - 28.74% (Variable)

Annual Fee

$95

Card Benefits

Sign-up Bonus

If you spend at least $3,000 in purchases within 3 months from account opening, you will receive a bonus of 75,000 miles, which can be redeemed for $750 travel credit. Once you qualify for this bonus, the bonus miles will be applied to your rewards balance within two billing cycles. If you had the credit card in the past, you may not be eligible for this one-time bonus.

In addition to the bonus of 75,000 miles, you will get up to $100 statement credit towards TSA Pre✓® or Global Entry application fee, once every four years. Both Global Entry and TSA Pre✓® are airport expedited security screening programs, which can save travelers 20 to 30 minutes in most airports. TSA Pre✓® costs $85 and Global Entry costs $100 for a five year membership. A statement credit will be automatically posted to your account within 1- 2 billing cycles after the Global Entry program application fee or TSA Pre✓® application fee (whichever program is applied for first) is charged to your Capital One Venture Rewards Credit Card.

Earn Rewards

You will earn unlimited 2 miles for every dollar you spend on purchases. Your rewards miles will never expire for the life of your account and there is no cap to the amount of rewards you can earn on purchases.

How to Redeem Rewards

You can redeem miles for past travel purchases using Capital One Purchase Eraser® or redeem miles to book new travel reservations. Other than travel, you may also redeem rewards for cash in the form of a check or account credit, gift cards and more. Rates for non-travel redemption options vary and are subject to change. You can log in to your Capital One online account to see a complete description of available redemption offers.

To redeem rewards for past travel purchases, you can simply go online at capitalone.com to use its Purchase Eraser feature to redeem your miles and receive an account credit for the cost of your travel purchase. Your purchases on airlines, hotels, rail lines, car rental agencies, limousine services, bus lines, cruise lines, taxi cabs, travel agents and time shares are generally eligible travel purchases for Purchase Eraser. Purchase Eraser redemption must be made within 90 days from the date your travel purchase posts to your account. Your account credit is usually applied to your balance within 2 to 3 business days after the redemption. Redemption for a portion of a purchase amount (partial redemption) is available.

You can also redeem miles to book new travel reservations. Simply go online to capitalone.com or contact Capital One Rewards Center to book your flight, car rental or hotel and use your miles to pay for your travel. The number of miles needed for travel redemption varies and is based upon the cost of the travel purchase. The number of redeemed miles is simply the cost of your travel purchase, including taxes and fees, multiplied by 100. For example, if your travel purchase costs $300, you would multiply that by 100 to determine you need 30,000 miles to redeem. You can redeem miles to fly any airline, stay at any hotel, with no blackout dates.

Rewards Transfer to Travel Partner Loyalty Programs

In addition to rewards redemption, you may be able to transfer your rewards miles to the following 12 leading travel loyalty programs:

Additional Travel Benefits

The Capital One Venture Rewards Credit Card has no foreign transaction fees, which can help international travelers save money. Most credit cards typically charge a transaction fee of 3% on your purchases in foreign countries. For example, if you use a credit card to pay $500 for purchases or for hotel stays in Canada, Asia, or Europe, you may end up with paying a bill of $515 after the 3% foreign-transaction surcharge is priced in. If you may travel abroad, it is always a good idea to carry a credit card with no foreign transaction fees like the Capital One Venture Rewards Credit Card, which lets you avoid the unnecessary 3% foreign transaction fees on purchases.

It also offers up to $100 in airport expedited screening statement credits to pay towards TSA Pre✓® or Global Entry application fee. TSA Pre✓® is operated by the U.S. Transportation Security Administration (TSA) to provide expedited security screening benefits for flights departing from U.S. airports. Global Entry is a U.S. Customs and Border Protection (CBP) program that allows expedited clearance for pre-approved, low-risk travelers upon arrival in the United States. Global Entry provides not only the TSA Pre✓® benefits, but also extra expedited US customs screening for international air travelers, such as allowing its members to enter the United States through automatic kiosks at select airports.

Additional Information

Fees

There is an annual fee of $95. With all the travel benefits and a generous bonus, frequent travelers can easily earn enough rewards to offset the cost of the annual fee.

Required Credit Rating

The Capital One Venture Rewards Credit Card is for people with good or excellent credit rating. If you have a credit score of 700 or more, you may be qualified for the credit card.

Is this the right card for you?

If you like rewards and abundant travel benefits, the Capital One Venture Rewards Credit Card would be the right card for you. It is one of ‘The Best Travel Cards‘. It offers 75,000 miles as a bonus and a flat 2X rewards on all purchases. It also gives $100 statement credit for expedited security screening and has no foreign transaction fees, both of which provides convenience and cost-saving for travelers. This credit card has a low annual fee of $95, but its bonus and rewards make the card very worthwhile to keep.

Similar Credit Cards

If you are interested in the Capital One Venture Rewards Credit Card, you may also consider a few other travel credit cards with similar benefits.

Credit Card		Bonus and Rewards	Annual Fee
	Citi Premier® Card	60,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening. Plus, for a limited time, earn a total of 10 ThankYou® Points per $1 spent on hotel, car rentals, and attractions (excluding air travel) booked on the Citi Travel℠ portal through June 30, 2024. 60,000 ThankYou® Points are redeemable for $600 in gift cards or travel rewards at thankyou.com 3 Points per $1 spent at Gas Stations, Air Travel and Other Hotels 3 Points per $1 spent at Restaurants and Supermarkets 1 Point per $1 spent on all other purchases	$95
	Bank of America® Premium Rewards® credit card	NEW OFFER! Receive 60,000 online bonus points - a $600 value - after you make at least $4,000 in purchases in the first 90 days of account opening. Unlimited 2 points for every $1 spent on travel and dining purchases and unlimited 1.5 points for every $1 spent on all other purchases. No limit to the points you can earn and your points don't expire. If you're a Bank of America Preferred Rewards member, you can earn 25%-75% more points on every purchase. That means you could earn 2.5-3.5 points on travel and dining purchases and 1.87-2.62 points on all other purchases, for every $1 you spend.	$95
	Bank of America® Travel Rewards credit card	25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases. Unlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees and your points don't expire. If you're a Preferred Rewards member, you can earn 25%-75% more points on every purchase. That means instead of earning an unlimited 1.5 points for every $1, you could earn 1.87-2.62 points for every $1 you spend on purchases.	$0
	Chase Sapphire Preferred® Card	60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®. Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel. Enjoy benefits such as 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining, and 2x on all other travel purchases, and $50 annual Ultimate Rewards Hotel Credit, plus more.	$95
	Bank of America® Customized Cash Rewards credit card	$200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening. 3% cash back in the category of your choice, automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases. If you're a Preferred Rewards member, you can earn 25%-75% more cash back on every purchase. That means you could earn 3.75%-5.25% cash back on purchases in your choice category.	$0
	Wells Fargo Active Cash® Card	$200 cash rewards bonus after spending $500 in purchases in the first 3 months Unlimited 2% cash rewards on purchases	$0 rates & fees
	Bank of America® Unlimited Cash Rewards credit card	$200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening. Unlimited 1.5% cash back on all purchases. If you're a Preferred Rewards member, you can earn 25%-75% more cash back on every purchase. That means you could earn 1.87%-2.62% cash back on every purchase with Preferred Rewards.	$0
	Citi Rewards+® Card	25,000 bonus points after you spend $1,500 in purchases with your card within 3 months of account opening; redeemable for $250 in gift cards at thankyou.com. Plus, for a limited time, earn 5 ThankYou® Points per $1 spent on hotel, car rentals, and attractions (excluding air travel) booked on the Citi Travel℠ Portal through June 30, 2024. 2X ThankYou® Points at Supermarkets and Gas Stations for the first $6,000 per year and then 1X Points thereafter. Plus, earn 1X ThankYou® Points on All Other Purchases.	$0
	American Airlines AAdvantage® MileUp®	10,000 American Airlines AAdvantage® bonus miles and receive a $50 statement credit after making $500 in purchases within the first 3 months of account opening 1 AAdvantage® mile for every $1 spent on other purchases	$0