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The Capital One Venture is the pandemic-proof card you need in your wallet

May 12, 2021
6 min read
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The ongoing pandemic has taken a significant toll on the travel industry. Airlines had to contend with decreased capacity; hotels saw occupancy rates plummet. As a result, we've seen a surge in travel deals, point sales, bonus point promotions, elite status extensions and suspension of expiration dates. All of these positive changes have consequences. In the next few months, we can expect more devaluations and a rise in travel deals as demand increases.

I've always said I'm not loyal to any program. I'm loyal to credit cards — and that rings truer than ever. One of those cards is the Capital One Venture Rewards Credit Card. Between the positive changes the card introduced earlier this year and the flexibility it offers, this card is one to keep in your wallet to weather the storm and position yourself for some incredible travel deals we might be graced with. Here is why the Capital One Venture Card is the pandemic-proof card you need in your wallet:

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Related: Tips and tricks to get maximum value from your Capital One miles

75,000-mile sign-up bonus

(Photo by Wyatt Smith/The Points Guy)

The Capital One Venture Card is currently offering an elevated sign-up bonus: Earn 75,000 bonus miles after you spend $4,000 on purchases within the first three months of account opening. These miles can be redeemed at a rate of 1 cent each toward travel purchases, valuing the welcome bonus at $750.

With more countries gearing up to welcome vaccinated travelers, a big sign-up bonus like this one can give your reward balance the boost it needs so you're ready to book flights and hotels when you get the green light. The spending requirement is also reasonable, giving both big spenders and those with less spending power the ability to earn a substantial credit card bonus.

Capital One recently introduced several 1:1 airline transfer partners, making Capital One miles more valuable. You can transfer your miles to several airline and hotel partners, increasing your redemption options, especially for premium travel.

Related: 5 ways Capital One Venture is winning the credit card game

It gives you options in case of a devaluation

Diversifying your points/miles portfolio is a great way to protect yourself against devaluations and Capital One miles are no exception. The ability to transfer Capital One miles to 15+ travel partners at varying rates is a huge positive since it provides many more options for getting the most value out of your rewards.

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If one program decides to restrict award space or devalue its award chart, you can explore other options for better redemptions. That's an incredibly useful feature of the program.

Related: 16 European hotels you can book from 5,000 points per night

It's great for travel deals

(Photo by Michael H/Getty Images)

We've seen some incredible travel deals over the last few months. Between $250 round-trip fares to Japan, five-night Maldives vacations for $500 and $1,000 business-class fares to Europe, there are opportunities to travel cheaply as the world reopens. With cheap travel deals, it doesn't always make sense to redeem points and miles. That's where Capital One miles come in.

At 2 miles per $1 on all spending, miles are easy to earn and even easier to redeem. You can choose to use them at 1 cent each toward travel expenses or transfer them to one of the above-mentioned travel partners. If you come across an especially enticing travel deal, you may find that Capital One miles can work out cheaper than redeeming your other points and miles.

For example, an economy award ticket to Japan starts at 40,000 miles round-trip. Meanwhile, if you got in on the $250 fare sale, you'd redeem just 25,000 Capital One miles. Whether you earn your miles via card spending or welcome bonuses, this presents pretty substantial savings in miles. As a bonus, you'll earn miles for flying on a cash fare. Plus, you get to save your airline miles for a more expensive flight. It's a win-win situation all around.

Related: How (and why) you should be earning lots of Capital One miles

Award space may get restricted in the coming months

(Photo by Yiu Yu Hoi/Getty Images)

We've already seen airlines devaluing loyalty programs to mitigate losses from all the discounted miles they sold. Another measure they might take is to restrict saver award space just as travel demand picks up in the summer, forcing people to book cash fares.

If that ends up being the case, then the Capital One Venture Card will come in handy. It will allow you to book your travel without being at the mercy of award space or paying for flights out of pocket. You also won't have to sacrifice your airline miles for non-saver awards. And if you don't have enough Capital One miles in your account, the good news is that you can still charge your travel to the card and then redeem miles up to 90 days later.

No airline or hotel loyalty program will allow you to book an award stay now with cash and then redeem your points/miles later. The ability to do this with the Capital One Venture Card is a huge plus, especially on last-minute travel bookings.

Related: 4 bucket list trips I’m booking this year using points and miles

Bottom line

With many loyalty programs likely to devalue this year, the Capital One Venture Card can help you weather the storm. Between its 75,000-mile welcome bonus, flexible currency and ability to book travel now and redeem miles later, it checks all the boxes you need to protect yourself against reward program devaluations.

Featured image by (Photo by Eric Helgas/The Points Guy)
Editorial disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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How we chose these cards

Our points-obsessed staff uses a plethora of credit cards on a daily basis. If anyone on our team wouldn’t recommend it to a friend or a family member, we wouldn’t recommend it on The Points Guy either. Our opinions are our own, and have not been reviewed, approved, or endorsed by our advertising partners.
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TPG featured card

Best card for premium perks while traveling
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
4 / 5
Go to review

Rewards

2 - 10X points
10XEarn unlimited 10X miles on hotels and rental cars booked through Capital One Travel
5X5X miles on flights booked through Capital One Travel.
2X2 Miles per dollar on every purchase, every day

Intro offer

75,000 bonus miles
Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel

Annual Fee

$395

Recommended Credit

740-850
Excellent
Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

Why We Chose It

The Capital One Venture X card is one of the best all-round travel credit cards ever launched. Not only is it offering a tremendous welcome bonus, but cardholders can earn tons of miles on everyday spending and receive a 10,000-mile anniversary bonus to boot. Its annual fee is $395, but cardholders can count on up to $300 in statement credits toward travel booked through Capital One Travel each year and other valuable benefits like access to Priority Pass lounges and Capital One’s own growing family of airport lounges.

Pros

  • Excellent welcome offer worth 75,000 miles after you spend $4,000 on purchases in the first three months.
  • Up to $300 in annual travel statement credits toward bookings make through Capital One Travel.
  • 10,000 bonus miles (worth $100 toward travel) each account anniversary.

Cons

  • The $395 annual fee might be expensive for some, but this card’s benefits provide much more value than that.
  • If you don’t travel frequently, this might not be the best card for you.
  • Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel
  • Receive up to $300 back annually as statement credits for bookings through Capital One Travel, where you'll get Capital One's best prices on thousands of options
  • Get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary
  • Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights booked through Capital One Travel
  • Earn unlimited 2X miles on all other purchases
  • Unlimited complimentary access for you and two guests to 1,400+ lounges, including Capital One Lounges and our Partner Lounge Network
  • Receive up to a $100 credit for Global Entry or TSA PreCheck®
  • Use your Venture X miles to easily cover travel expenses, including flights, hotels, rental cars and more—you can even transfer your miles to your choice of 15+ travel loyalty programs
  • Named editors' choice for "Best New Credit Card of 2021" by The Points Guy
  • Earn 10 miles per dollar when you book on Turo, the world's largest car sharing marketplace, through May 16, 2023
Best card for premium perks while traveling
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
4 / 5
Go to review

Rewards Rate

10XEarn unlimited 10X miles on hotels and rental cars booked through Capital One Travel
5X5X miles on flights booked through Capital One Travel.
2X2 Miles per dollar on every purchase, every day
  • Intro Offer
    Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel

    75,000 bonus miles
  • Annual Fee

    $395
  • Recommended Credit
    Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

    740-850
    Excellent

Why We Chose It

The Capital One Venture X card is one of the best all-round travel credit cards ever launched. Not only is it offering a tremendous welcome bonus, but cardholders can earn tons of miles on everyday spending and receive a 10,000-mile anniversary bonus to boot. Its annual fee is $395, but cardholders can count on up to $300 in statement credits toward travel booked through Capital One Travel each year and other valuable benefits like access to Priority Pass lounges and Capital One’s own growing family of airport lounges.

Pros

  • Excellent welcome offer worth 75,000 miles after you spend $4,000 on purchases in the first three months.
  • Up to $300 in annual travel statement credits toward bookings make through Capital One Travel.
  • 10,000 bonus miles (worth $100 toward travel) each account anniversary.

Cons

  • The $395 annual fee might be expensive for some, but this card’s benefits provide much more value than that.
  • If you don’t travel frequently, this might not be the best card for you.
  • Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel
  • Receive up to $300 back annually as statement credits for bookings through Capital One Travel, where you'll get Capital One's best prices on thousands of options
  • Get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary
  • Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights booked through Capital One Travel
  • Earn unlimited 2X miles on all other purchases
  • Unlimited complimentary access for you and two guests to 1,400+ lounges, including Capital One Lounges and our Partner Lounge Network
  • Receive up to a $100 credit for Global Entry or TSA PreCheck®
  • Use your Venture X miles to easily cover travel expenses, including flights, hotels, rental cars and more—you can even transfer your miles to your choice of 15+ travel loyalty programs
  • Named editors' choice for "Best New Credit Card of 2021" by The Points Guy
  • Earn 10 miles per dollar when you book on Turo, the world's largest car sharing marketplace, through May 16, 2023