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 100,000 miles after qualified spending, redeemable for $1,000 in travel, 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✓®.
- Bonus: You will earn 100,000 miles after you spend at least $20,000 in purchases on your new card within 12 months from the date your account is opened. You can redeem your rewards for $1,000 in travel. If you don't meet the spending requirement for the 100,000 bonus miles, you can still earn 50,000 miles if you spend $3,000 on purchases in the first 3 months, which can be redeemed for $500 in travel. You can also receive up to $100 application fee credit for Global Entry or TSA Pre✓.
- Rewards: You will earn unlimited 2 miles for each dollar you spend on every purchase, every day.
- Fees: This credit card has an annual fee of $95. It has no foreign transaction fees.
If you spend at least $20,000 in purchases within 12 months from account opening, you will receive a bonus of 100,000 miles, which can be redeemed for travel credit of $1,000. If you don’t meet the spending requirement for the 100,000 bonus miles, you can still earn 50,000 miles if you spend $3,000 on purchases in the first 3 months, which can be redeemed for $500 in travel. 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 100,000 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.
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:
|Airline Loyalty Program||Transfer Ratio|
|Aeromexico Club Premier||2 Venture Miles to 1.5 Aeromexico Miles|
|Air Canada Aeroplan||2 Venture Miles to 1.5 Air Canada Miles|
|Air France/KLM Flying Blue||2 Venture Miles to 1.5 Air France Miles|
|Alitalia MilleMiglia||2 Venture Miles to 1.5 Alitalia Miles|
|Avianca LifeMiles||2 Venture Miles to 1.5 Avianca LifeMiles|
|Cathay Pacific Asia Miles||2 Venture Miles to 1.5 Cathay Pacific Miles|
|Etihad Airways Guest||2 Venture Miles to 1.5 Etihad Airways Miles|
|EVA Air Infinity MileageLands||2 Venture Miles to 1.5 EVA Air Miles|
|Finnair Plus||2 Venture Miles to 1.5 Finnair Miles|
|Hainan Airlines Fortune Wings Club||2 Venture Miles to 1.5 Hainan Miles|
|Qantas Frequent Flyer||2 Venture Miles to 1.5 Qantas Miles|
|Qatar Airways Privilege Club||2 Venture Miles to 1.5 Qatar Airways Miles|
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.
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 was rated ‘The Best Travel Card‘ by CNBC in 2018. It offers 100,000 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||$95|
|Bank of America® Premium Rewards® credit card||$95|
|Bank of America® Travel Rewards credit card||$0|
|Chase Sapphire Preferred® Card||$95|
|Bank of America® Cash Rewards credit card||$0|
|Citi Rewards+® Card||$0|
|Wells Fargo Cash Wise Visa® card||$0|
|Capital One VentureOne Rewards Credit Card||$0|
|Blue Cash Preferred® Card from American Express||$0 intro for first year, then $95|
|Blue Cash Everyday® Card from American Express||$0|
|Chase Freedom Unlimited®||$0|
|Chase Freedom Flex℠||$0|
|Citi® Double Cash Card - 18 month BT offer||Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.||$0|
|American Express Blue Business Cash™ Card||Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. Cash back earned is automatically credited to your statement.||$0|
|Capital One Quicksilver Cash Rewards Credit Card||$0|
|Capital One SavorOne Cash Rewards Credit Card||$0|
|American Airlines AAdvantage MileUp℠ Card||$0|