Capital One® Venture® Rewards Credit Card Review – 100,000 Miles and 2X Rewards

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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 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.

Card Benefits

Sign-up Bonus

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.

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:

Airline Loyalty ProgramTransfer Ratio
Aeromexico Club Premier2 Venture Miles to 1.5 Aeromexico Miles
Air Canada Aeroplan2 Venture Miles to 1.5 Air Canada Miles
Air France/KLM Flying Blue2 Venture Miles to 1.5 Air France Miles
Alitalia MilleMiglia2 Venture Miles to 1.5 Alitalia Miles
Avianca LifeMiles2 Venture Miles to 1.5 Avianca LifeMiles
Cathay Pacific Asia Miles2 Venture Miles to 1.5 Cathay Pacific Miles
Etihad Airways Guest2 Venture Miles to 1.5 Etihad Airways Miles
EVA Air Infinity MileageLands2 Venture Miles to 1.5 EVA Air Miles
Finnair Plus2 Venture Miles to 1.5 Finnair Miles
Hainan Airlines Fortune Wings Club2 Venture Miles to 1.5 Hainan Miles
Qantas Frequent Flyer2 Venture Miles to 1.5 Qantas Miles
Qatar Airways Privilege Club2 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.

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 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 CardBonus and RewardsAnnual Fee
Citi Premier CardCiti Premier® Card
  • Earn 60,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening
  • 60,000 Points are redeemable for $600 in gift cards when redeemed at thankyou.com
  • Earn 3 Points per $1 spent at Restaurants and Supermarkets
  • Earn 3 Points per $1 spent at Gas Stations, Air Travel and Hotels
  • Earn 1 Point per $1 spent on all other purchases
  • $95
    Bank of America Premium Rewards Credit CardBank of America® Premium Rewards® credit card
  • Receive 50,000 online bonus points - a $500 value - after you make at least $3,000 in purchases in the first 90 days of account opening
  • Earn unlimited 2 points for every $1 spent on travel and dining purchases and unlimited 1.5 points per $1 spent on all other purchases
  • $95
    Bank of America Travel Rewards Credit CardBank 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
  • Earn 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
  • $0
    Chase Sapphire Preferred CardChase Sapphire Preferred® Card
  • Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 when you redeem through Chase Ultimate Rewards®. Plus earn up to $50 in statement credits towards grocery store purchases within your first year of account opening.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 80,000 points are worth $1,000 toward travel.
  • Earn 2X points on dining including eligible delivery services, takeout and dining out and travel. Plus, earn 1 point per dollar spent on all other purchases.
  • $95
    Bank of America Cash Rewards Credit CardBank of America® 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
  • Earn 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
  • $0
    Citi Rewards+ CardCiti Rewards+® Card
  • Earn 15,000 bonus points after you spend $1,000 in purchases with your card within 3 months of account opening; redeemable for $150 in gift cards at thankyou.com
  • Earn 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
    Wells Fargo Cash Wise Visa CardWells Fargo Cash Wise Visa® card
  • Earn a $150 cash rewards bonus after spending $500 on purchases in the first 3 months
  • Earn unlimited 1.5% cash rewards on purchases
  • 1.8% cash rewards on digital wallet purchases including Google Pay™ or Apple Pay® during the first 12 months from account opening
  • $0
    Capital One VentureOne Rewards Credit CardCapital One VentureOne Rewards Credit Card
  • Earn a bonus of 20,000 miles once you spend $500 on purchases within 3 months from account opening, equal to $200 in travel
  • Earn unlimited 1.25X miles on every purchase, every day
  • $0
    Blue Cash Preferred Card from American ExpressBlue Cash Preferred® Card from American Express
  • Earn a $300 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.
  • 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%).
  • 6% Cash Back on select U.S. streaming subscriptions.
  • 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more).
  • 1% Cash Back on other purchases.
  • $0 intro for first year, then $95
    Blue Cash Everyday Card from American ExpressBlue Cash Everyday® Card from American Express
  • Earn $200 back after you spend $1,000 in purchases on your new Card within the first 3 months.
  • 3% Cash Back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%).
  • 2% Cash Back at U.S. gas stations and at select U.S. department stores.
  • 1% Cash Back on other purchases.
  • $0
    Chase Freedom UnlimitedChase Freedom Unlimited®
  • Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
  • Earn unlimited 1.5% cash back on all other purchases.
  • Earn 5% on travel purchased through Chase, 3% on dining at restaurants and drugstores, and 1.5% on all other purchases.
  • $0
    Chase Freedom FlexChase Freedom Flex℠
  • Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
  • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter!
  • Earn 5% on travel purchased through Chase, 3% on dining at restaurants and drugstores, and 1% on all other purchases.
  • $0
    Citi Double Cash Card - 18 month BT offerCiti® Double Cash Card - 18 month BT offerEarn 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 CardAmerican Express Blue Business Cash™ CardEarn 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 CardCapital One Quicksilver Cash Rewards Credit Card
  • One-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening
  • Earn unlimited 1.5% cash back on every purchase, every day
  • $0
    Capital One SavorOne Cash Rewards Credit CardCapital One SavorOne Cash Rewards Credit Card
  • Earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening
  • Earn unlimited 3% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases
  • $0
    American Airlines AAdvantage MileUp CardAmerican Airlines AAdvantage MileUp℠ Card
  • Earn 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
  • Earn 1 AAdvantage® mile for every $1 spent on other purchases
  • $0

    Editorial Note: The editorial content on this page is prepared by CardBenefit staff. Opinions expressed herein are author's alone, not those of the bank, credit card issuer, airlines or hotels, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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