Capital One Venture Rewards Credit Card
- Best for: Travelers who want one flat-rate miles card for all their spending
- What Sets It Apart: 2 miles per dollar on every purchase; transfers to 22 airline and hotel programs, most at one to one
- Cost: $95 annual fee; no foreign transaction fee; 19.74%, 24.74%, or 28.74% variable APR
- Features: 75,000 miles after $4,000 in purchases in 3 months; a one-time $300 Capital One Travel credit for hotels and vacation rentals in year one; 5X on Capital One Travel reservations for hotels, vacation rentals, or rental cars; up to $120 every 4 years for Global Entry or TSA PreCheck
- Pros: No bonus categories to track; a first-year offer worth up to $1,050 toward travel; miles The Points Guy values at 1.85 cents, above their 1 cent toward travel
- Cons: 2X beats the no-fee VentureOne’s 1.25X after the fee only past about $12,700 a year; miles worth 0.5 cent each cashed out, half their 1-cent travel value; no airport lounge access; 5X and the $300 credit only on Capital One Travel bookings
Open the Capital One Venture if you’ll charge $12,700 a year, enough for 2 miles per dollar to beat the no-fee VentureOne’s 1.25 after the $95 fee. If you’d book $300 a year through Capital One’s travel site anyway, choose the Venture X, whose $300 credit and 10,000 anniversary miles, worth $100, cover its $395 fee from year two.
The Capital One Venture Rewards Credit Card sits between the no-fee VentureOne and the $395 Venture X, and it suits travelers who want one card for everything. If you’d rather have cash back, Capital One’s no-fee Quicksilver pays 1.5% on everything instead.
Key Features
- $95 annual fee, and interest on balances you carry at a variable 19.74%, 24.74%, or 28.74% APR, based on your credit
- 2 miles per dollar on every purchase, and 5 per dollar on hotels, vacation rentals, or rental cars reserved on Capital One Travel, Capital One’s booking site
- 75,000 bonus miles after $4,000 in purchases in 3 months, plus a one-time $300 credit for Capital One Travel hotel and vacation rental stays in year one
- Miles worth 1 cent each toward travel, or transferable to 22 airline and hotel programs, most at one to one
- Up to $120 back every 4 years for Global Entry or TSA PreCheck, the faster airport screening programs
Pros
- No bonus categories to track
- A first-year offer worth up to $1,050 toward travel, with the miles at 1 cent each plus the $300 credit
- No fee on purchases made outside the U.S.
- Miles the travel site The Points Guy values at 1.85 cents each, above the 1 cent they’re worth toward travel
Cons
- About $12,700 a year in spending, by our math, before 2 miles per dollar out-earns the no-fee VentureOne’s 1.25 after the $95 fee
- Cashed-out miles worth 0.5 cent each, half their 1-cent travel value
- 2 miles per dollar at 1 cent each toward travel, the same 2% some no-fee cash back cards pay in cash, unless transfers get you more
- No airport lounge access, which the Venture X includes
- 5X earning and the $300 credit only on Capital One Travel bookings
Get the Venture if you want one travel card for all your spending and charge at least $12,700 a year. Pick the Venture X instead if you’d book $300 a year through Capital One Travel anyway, since from year two its $300 credit and 10,000 anniversary miles, worth $100, outweigh its $300 higher fee by $100.
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