The Capital One® Venture℠ Rewards Card is one of the best all-around travel rewards credit cards because you can earn double miles on every purchase. However, some people who make consistent purchases in specific categories might find the rewards to be lackluster compared to the more specialized rewards cards. Apply Here
The most advertised feature of the Capital One® Venture℠ Rewards Card is that you can earn two miles for every dollar you spend. The good news is there are no spending limits or restrictions. No matter what you buy, you will earn double miles.
If you sign up for the card, you can earn 10,000 miles once you spend $1,000 in the first three months. That 10,000 miles is good for $100 towards your next flight. While the bonus might not be as significant as other cards, it’s still a nice addition.
Any Capital One® Venture℠ Rewards cardholder will also receive all the benefits of the Visa Signature line of credit cards. Some of the benefits range from exclusive event access to 24/7 live service, concierge service, and extended warranties on purchases.
With Capital One®’s Purchase Eraser feature, you can make travel costs disappear from a trip that you book by redeeming your miles within 90 days. Basically, the cost of the trip is completely removed from your statement if you redeem miles for the amount of the trip.
The Capital One® Venture℠ Rewards Card does charge an annual fee of $59. Compared to the similar VentureOne℠ Rewards Card from Capital One®, this card offers more miles per dollars spent, so the additional fee isn’t that costly when you consider the VentureOne℠ card, which has no annual fee, only earns you 1.25 miles per dollar spent.
Compared to other rewards credit cards that offer higher points in specific categories or specialized hotel and airline credit cards, the Capital One® Venture℠ Rewards card falls short by only offering two miles per dollar spent. This is not a major negative since you can earn double miles on any purchase you make, but for someone who uses the same companies or airlines, or makes specialized purchases, there are likely better rewards cards out there.
|Annual Fee$59 ($0 first year)|
|Introductory Rate (APR)None|
|Standard Rate (APR)13.9% - 20.9%|
|Cash Advance Rate (APR)24.90%|
|Cash Advance Fee$10 or 3% Per Cash Advance|
|Foreign Currency Transaction FeeNone|
|Late Payment FeeUp to $35|
|Returned Payment FeeUp to $35|
|Minimum Interest Charge$0.50|
|Default Penalty Rate (APR)29.40%|
|Introductory Balance Transfer Rate (APR)None|
|Standard Balance Transfer Rate (APR)13.9% - 20.9%|
|Standard Balance Transfer Fee$10 or 3% Per Transfer|
|Type of RewardMiles|
|Sign-Up Bonus10,000 miles after spending $1,000 within first 3 months|
|Rewards Earnings for All Purchases2 miles per $1|
|Additional Rewards for DiningNone|
|Additional Rewards for GasNone|
|Additional Rewards for GroceriesNone|
|Additional Rewards for ShoppingNone|
|Additional Rewards for TravelNone|
|Bonus Points OfferedNone|