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7 reasons to get the Capital One Venture Rewards card

May 20, 2022
10 min read
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Editor’s note: This post has been updated with new information.


The world of points, miles and credit cards can be complex — full of potentially confusing terms and unfamiliar abbreviations. That’s what makes a card like the Capital One Venture Rewards Credit Card such a precious commodity. Here’s why:

  • The simplicity of redeeming miles toward travel purchases at a flat 1 cent each can be a much-needed breath of fresh air.
  • Its valuable airline and hotel transfer partners are perfect for those who are more advanced with travel rewards.

While it's frequently compared to the Capital One Venture X Rewards Credit Card, the Venture has plenty to offer on its own. With the many ways to use your rewards, booking free travel can be as complicated or effortless as you make it.

Here are seven reasons why the Capital One Venture is one of the best rewards credit cards to have in your wallet.


Official application link: Capital One Venture Rewards Credit Card with a sign-up bonus of 75,000 bonus miles after you spend $4,000 within the first three months of account opening.


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Strong sign-up bonus

(Photo by Wyatt Smith/The Points Guy)

The Capital One Venture card offers a sign-up bonus of 75,000 miles after you spend $4,000 on the card within the first three months of account opening. This is a notable jump from the standard offering — and comes just in time for the busy summer travel season.

If you plan to transfer your miles to Capital One’s hotel or airline partners, this sign-up bonus is worth around $1,388, according to our monthly valuations (not provided by issuers), since we peg Capital One miles at 1.85 cents each. Of course, it’s possible to get even more value from them depending on which transfer partners you leverage and which awards you book.

However, if you use your miles at a fixed value for travel purchases, you're still getting $750 worth of flights, hotels or car rentals.

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Great for everyday spending

The Capital One Venture card can help you earn extra points on purchases that fall outside traditional bonus categories. (Photo by Maskot/Getty Images)

Many other credit cards offer bonus points on common purchase categories such as groceries, gas or restaurants. But what about purchases that don’t fall under one of these categories, such as online shopping, gym memberships or kitchen appliances?

The Capital One Venture earns an uncapped 2 miles per dollar on every purchase — that’s a 3.7% return on every dollar per TPG valuations.

You’ll also earn 5 miles per dollar on hotels and car rentals booked through the Capital One travel portal, and the issuer just launched a new partnership with Turo that awards 5 miles per dollar on those purchases as well. But for everyday spending, the Venture is ideal, since there are no categories to keep track of and no bonuses to worry about missing out on.

Easy to redeem miles for travel purchases

Transfer your Venture miles and book a room at the Costa Blu Beach Resort, Trademark Collection by Wyndham. (Photo courtesy of Wyndham Rewards)

The Capital One Venture allows you to redeem your miles at a fixed value toward travel charges. This means you can effectively cover eligible travel purchases made in the last 90 days by redeeming your miles at a rate of 1 cent each.

There’s no minimum redemption amount, either (unless you don’t have enough miles to cover the entire purchase, in which case the minimum is 2,500 miles). Let’s say you book a one-way, domestic award flight and pay the $5.60 in taxes with your card. You can use 560 miles — as each mile is worth 1 cent — to cover this small purchase.

Capital One makes it easy to redeem your miles this way, and you have two options. You can either book directly through the Capital One travel portal by selecting miles as your payment option, or you can simply purchase travel with your credit card – an airline ticket or a hotel reservation, for instance – then log into your account afterward and select the option to cash them in as a statement credit against the charge.

Great airline and hotel transfer partners

Turkish Airlines Miles&Smiles is one of the most valuable airline programs in the Capital One transfer partner portfolio. (Photo by Chris Dong/The Points Guy)

You can squeeze more value out of your Capital One miles by transferring them to any of the following 14 airline or three hotel partners. All of your Capital One miles will transfer at a simple 1:1 rate, with the exception of two partners (as noted below):

  • Accor Live Limitless (2:1).
  • Aeromexico Club Premier.
  • Air Canada Aeroplan.
  • Air France-KLM Flying Blue.
  • Avianca LifeMiles.
  • British Airways Avios.
  • Cathay Pacific Asia Miles.
  • Choice Privileges.
  • Emirates Skywards.
  • Etihad Guest.
  • EVA Infinity MileageLands (2:1.5).
  • Finnair Plus.
  • Qantas Frequent Flyer.
  • Singapore KrisFlyer.
  • TAP Air Portugal Miles&Go.
  • Turkish Airlines Miles&Smiles.
  • Wyndham Rewards.

Capital One offers one of the most diverse transferable points programs around. You have airlines covering all three major alliances and several non-alliance airlines, such as Etihad and Emirates. Some of these options (such as Finnair) are unique to Capital One, too.

You also have great variety among the programs themselves. For example:

  • Cathay Pacific and Qantas use distance-based award charts, which are generally better for short flights.
  • Avianca uses zone-based award charts and is suitable for booking inexpensive premium-cabin Star Alliance awards.
  • Air France and KLM use variable pricing instead of firm award charts. It’s possible to find great deals, particularly with specially priced Promo Rewards.

Related: To transfer or not to transfer: What to do with Capital One miles

Convert cash back from other Capital One cards into Venture miles

(Photo by John Gribben for The Points Guy)

You can convert cash-back rewards from Capital One into miles if you also have a Capital One miles-earning card. For example, you can turn the cash back you earn with the Capital One Savor Cash Rewards Credit Card into miles if you’ve also got the Capital One Venture or the no-annual-fee Capital One VentureOne Rewards Credit Card. That means you can take advantage of the Savor’s bonus earning categories, including dining and groceries, to rack up lots of extra rewards you can convert into Capital One Venture miles and then transfer to the program’s airline and hotel partners.

The information for the Capital One Savor card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

Valuable ongoing perks

Global Entry can save you time and energy when you’re flying back into the U.S. from abroad. (Photo by Paul J. Richards/AFP/Getty Images)

Although the Capital One Venture card isn’t actively competing with benefits provided by ultra-premium cards such as the Chase Sapphire Reserve or The Platinum Card® from American Express, it does offer some modest perks:

*These benefits are only available to accounts approved for the Visa Signature card. Terms apply.

Capital One has also officially opened its first-ever airport lounge at Dallas-Fort Worth International Airport (DFW) Terminal D. Folks with the Capital One Venture X Rewards Credit Card get unlimited access for themselves and up to two guests, but Venture Rewards cardholders aren’t entirely left out. You’ll receive two complimentary lounge visits annually and will have access to a special entry rate of $45 per visit after that. Pricing for guests is also $45 per visit.

The new Capital One lounge at Dallas-Fort Worth International Airport offers impressive amenities, food and drink. (Photo by Summer Hull/The Points Guy)

Reasonable annual fee

The Capital One Venture card only charges a $95 annual fee, which is a low cost for such a potentially valuable card. It’s easy to offset the annual fee’s price between the easy-to-use earning structure, a simple redemption process, a diverse set of transfer partners and other perks.

Related: The 8 best credit cards with annual fees under $100

However, be sure to crunch the numbers and make sure that the higher-priced Venture X card doesn't make more sense for your situation. With an array of added perks — like up to $300 in annual statement credits for Capital One Travel purchases and 10,000 bonus miles when you renew your card — you may easily cover the additional annual fee on the premium Venture product.

Read more: Credit card showdown: Capital One Venture vs. Capital One Venture X

Bottom line

The Capital One Venture Rewards Credit Card is a great hybrid credit card that’s a strong candidate for an all-in-one card if you don’t want a wallet full of plastic (or metal, as the case may be).

Not only do you accumulate 2 miles per dollar on every purchase, but you also can keep things simple and flexible by redeeming your miles for the travel purchases you put on the card. If you decide to study award charts and look for sweet spots instead, you’ll have lots of airline and hotel programs to choose from in the Capital One transfer partner lineup.

That’s what makes the Venture so special — it lets cardholders earn miles fast and then use them in myriad ways for outsized value. All that and more is why the card deserves a place in your wallet, especially with its increased, 75,000-mile offer.


Official application link: Capital One Venture Rewards Card.


Additional reporting by Ryan Wilcox, Stella Shon and Joseph Hostetler.

Featured image by Getty Images
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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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