10x on hotels, 2x on everything else: Capital One Venture Rewards Credit Card with a 50,000-mile bonus
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TPG loves a credit card that offers ongoing benefits and cash value — like the Capital One® Venture® Rewards Credit Card, which offers excellent rewards for hotel bookings. The card’s current sign-up bonus, its earnings on everyday purchases, and the ability to transfer points to partner airlines make it an excellent addition to your credit card rotation.
In recent articles, I’ve compared booking methods and found a common takeaway: The Capital One® Venture® Rewards Credit Card provides an excellent return when you book lodging through Hotels.com/Venture through Jan. 31, 2020. The Venture Rewards card is also a reasonable pick for everyday spending because it earns 2x miles per dollar spent on everything else and these miles are now transferable to airline partners, although you can still redeem miles at a fixed rate, if you prefer.
Capital One currently offers a 50,000-mile sign-up bonus on the Venture Rewards card, once you spend $3,000 on purchases within the first three months of account opening.
The value of this sign-up bonus depends on how you redeem your miles. If you redeem miles to erase recent travel purchases or to book new travel purchases through Capital One, the sign-up bonus is worth $500. But if you transfer your miles to Capital One’s airline partners, TPG estimates that the 50,000 miles are worth about $700.
As always, be sure to check out our guide to application restrictions before applying.
Apply here for the Capital One Venture Rewards Credit Card with a 50,000-mile bonus
Benefits and perks
The Venture Rewards card doesn’t offer the same perks as many of the premium travel rewards cards — but for its modest $95 annual fee that’s waived for your first year, it offers some useful perks. You’ll get a statement credit of up to $100 every four years when you charge a Global Entry or TSA PreCheck application fee to your card. If you already have a card that offers this benefit, you can pay for someone else’s application fee and be reimbursed every four years.
You’ll be covered by additional extended warranty protection when you purchase items with an original manufacturer’s warranty of three years or less using your card. The Venture Rewards card also provides benefits when you travel, including secondary car rental insurance and travel accident insurance. There are no foreign transaction fees. See our full card review for more details.
Earning Capital One miles
Earning on the Venture Rewards card is straightforward: 2x miles per dollar spent on everything. Depending on how you redeem your miles, this means you’ll get a 2% to 2.8% return on all spending, which is not great for some categories but is competitive for everyday spending.
Through Jan. 31, 2020, you’ll earn 10x miles per dollar spent on hotels booked through Hotels.com/Venture. When you combine this earning with the effective 10% return through the Hotels.com rewards program, you’ll see a return of 20% to 24% on hotel bookings, depending on how you redeem your miles. Booking through Hotels.com/Venture is a competitive option, if you don’t mind not having access to elite status benefits and earnings for your stay.
The Venture Rewards card isn’t the only card that earns Capital One miles that can be transferred to partners. The no-annual-fee Capital One® VentureOne® Rewards Credit Card also earns 10 miles per dollar spent on hotels booked through Hotels.com/Venture, but only earns 1.25 miles per dollar spent on everything else. The Capital One® Spark® Miles for Business — which is currently offering an up to 200,000-mile sign-up bonus after meeting tiered spending requirements — and the no-annual-fee Capital One® Spark® Miles Select for Business also earn Capital One miles that can be transferred.
Redeeming Capital One miles
You have two good options for redeeming Capital One miles: redeem for one cent apiece toward travel or transfer to partner airlines. Capital One didn’t offer transfer partners until December 2018, but now there are 15 transfer partners. Eight transfer partners offer immediate transfers; others take 24 to 36 hours for the miles to transfer.
Transfers to 12 of these partners are at a ratio of 2x miles to 1.5 points or miles in the airline program. The other three transfer partners — Emirates, JetBlue and Singapore — are at a ratio of 2:1.
You may wonder why Capital One bases its transfer ratio on 2x miles instead of 1x. This is because the Venture Rewards card — as well as the Capital One Spark Miles for Business — earns 2x miles on all purchases. So, for every dollar you spend on either card, you’re getting 1.5 points or miles when transferred to most transfer partners.
As for the partners, there are some real gems here. There are ways to redeem your miles with all three major airline alliances, including for domestic flights. Check out the following guides to learn more about how to maximize Capital One’s transfer partners:
- Redeeming Capital One miles for maximum value
- Best ways to redeem Capital One miles for domestic flights
- Best ways to redeem Capital One miles on SkyTeam Airlines, Oneworld Airlines and Star Alliance Airlines
- When to redeem Capital One miles vs. transferring to airline partners
When Capital One added transfer partners for some cards, TPG himself sat down with Capital One Business Director Matt Knise to discuss how the transfer partners came together and what cardholders could expect going forward with their miles. You can listen to this conversation on the very first episode of the Talking Points podcast.
Of course, if you don’t want to deal with transferring your miles to these transfer partners, you can always redeem your miles toward travel at a rate of 1 cent each. You can either erase travel purchases made on your card in the last 90 days, or you can book new travel though Capital One’s travel portal using your card.
Further reading: How to redeem Capital One miles at a fixed value
The Capital One Venture Rewards Credit Card has been TPG’s go-to credit card for booking company hotel stays ever since it was introduced with 10x earning for hotel bookings through Hotels.com/Venture. Stacked with the one free night for every 10 paid nights you book through the Hotels.com Rewards program, you’re looking at an amazing return. This 10x earning reward expires at the end of January 2020.
Although the excellent return on hotel bookings is attractive, many cardholders also find that the 2x earning on all purchases makes the Venture Rewards card a solid everyday card. Whether or not you decide to redeem your miles for a flat rate of 1 cent each or transfer your miles to partners to book award travel, there are many reasons to get the Capital One Venture Rewards Credit Card. In fact, TPG Family Editor Summer Hull says the Venture Rewards card has a front spot in her wallet.
Apply now for the Capital One Venture Rewards Credit Card with a 50,000-mile bonus
Featured photo by Wyatt Smith/The Points Guy.
SIGN-UP BONUS: 50,000 Miles
TPG'S BONUS VALUATION*: $700
CARD HIGHLIGHTS: Miles are now transferrable to over a dozen airline partners
*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.
- Enjoy a one-time bonus of 50,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $500 in travel
- Earn 2X miles on every purchase, every day.
- Receive up to $100 application fee credit for Global Entry or TSA Pre✓®
- Fly any airline, stay at any hotel, anytime; no blackout dates. Plus transfer your miles to over 12 leading travel loyalty programs
- Miles won't expire for the life of the account and there's no limit to how many you can earn
- Named ‘The Best Travel Card' by CNBC, 2018
- No foreign transaction fees
- $0 intro annual fee for the first year; $95 after that