Capital One Venture Rewards Credit Card Review - Two Miles Per Dollar Spent

CREDIT SCORE REQUIREMENTS: Credit Score requirements are based on Money Under 30’s own research of approval rates; meeting the minimum score will give you the best chance to be approved for the credit card of your choice. If you don’t know your credit score, use our free credit score estimator tool to get a better idea of which cards you’ll qualify for. *Money Under 30 uses a FICO 8 score, which is one of many different types of credit scores. *A creditor may use a different score when deciding whether to approve you for credit. ?
  • Good/
  • Excellent
Poor 500-599
Fair 600-699
Good 700-749
Excellent 750-850
Our Bottom Line:

Capital One’s leading product is the Capital One Venture Rewards Credit Card and it shows. A one-time 75,000 mile bonus after spending $4,000 in the first 3 months is flat out AWESOME, and 2X miles per dollar spent is about as good as it gets with a travel rewards credit card.

Intro APR Purchases N/A
Intro Term Purchases N/A
Intro APR Balance Transfers N/A
Intro Term Balance Transfers N/A
Regular APR 17.49% - 25.49% (Variable)
Annual Fee $95
  • Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel
  • Earn unlimited 2X miles on every purchase, every day
  • Miles won't expire for the life of the account and there's no limit to how many you can earn
  • Receive up to a $100 credit for Global Entry or TSA PreCheck®
  • Enjoy two complimentary visits per year to Capital One Lounges or to 100+ Plaza Premium Lounges through our Partner Lounge Network
  • Earn 5X miles on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options
  • Use your miles to get reimbursed for any travel purchase—or redeem by booking a trip through Capital One Travel
  • Transfer your miles to your choice of 15+ travel loyalty programs
Editor's Note - You can trust the integrity of our balanced, independent financial advice. We may, however, receive compensation from the issuers of some products mentioned in this article. Opinions are the author's alone. This content has not been provided by, reviewed, approved or endorsed by any advertiser, unless otherwise noted below.

No matter what time of year it is, if you’re like me, you can really use the extra cash, the extra miles, the extra anything free to help you out even just a tiny bit….

Here’s what you’ll want to know:

Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening. Compare the Venture and VentureOne cards to other miles credit cards in our Venture card review.

The Capital One Venture Rewards Credit Card is one of the best miles rewards credit cards because it earns 2x miles per dollar spent on every purchase (not just airline or travel purchases), has no foreign transaction fees, and comes with a generous sign-up bonus that could earn you 75,000 miles; worth $750 in travel.

You’ve come to Money Under 30, which means you’re smart enough to choose a credit card that fits your needs perfectly.

Here’s our Capital One Venture card review to help you decide if this card—or it’s no-annual fee sibling, the Capital One VentureOne Rewards Credit Card—is right for you.

Quick look: Venture vs. VentureOne

Capital One’s travel rewards credit card has two versions—one with an annual fee, one without.

With all else being equal, you would need to spend an average of $395 each month on the card to break even on the Capital One Venture Rewards Credit Card annual fee. If you can spend at least $10,000 a year on the card, you’ll begin to earn more rewards with the Venture  than with VentureOne. More on this below.

Capital One Venture Rewards Credit Card overview

The Capital One Venture Rewards Credit Card is one of the best travel rewards credit cards on the market right now. It earns 2x miles on every purchase and has a sign-up bonus of 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening.

The Capital One Venture Rewards Credit Card has a $95 annual fee, which is competitive with other premium travel rewards cards like the Chase Sapphire Preferred® Card. While the Chase Sapphire Preferred® Card features a slightly richer signup bonus and perks like an international concierge service, if you want the the most ongoing rewards from your travel card, the Capital One Venture Rewards Credit Card may be a better bet.

Capital One Venture Rewards Credit Card

In A Nutshell

Capital One’s leading product is the Capital One Venture Rewards Credit Card and it shows. A one-time 75,000 mile bonus after spending $4,000 in the first 3 months is flat out AWESOME, and 2X miles per dollar spent is about as good as it gets with a travel rewards credit card.

Read review
Apply Now On the Secure Website

In A Nutshell

Capital One’s leading product is the Capital One Venture Rewards Credit Card and it shows. A one-time 75,000 mile bonus after spending $4,000 in the first 3 months is flat out AWESOME, and 2X miles per dollar spent is about as good as it gets with a travel rewards credit card.

Read review
Credit Score Requirements: Credit Score requirements are based on Money Under 30’s own research of approval rates; meeting the minimum score will give you the best chance to be approved for the credit card of your choice. If you don’t know your credit score, use our free credit score estimator tool to get a better idea of which cards you’ll qualify for. *Money Under 30 uses a FICO 8 score, which is one of many different types of credit scores. *A creditor may use a different score when deciding whether to approve you for credit. ?
  • Good/
  • Excellent
Poor 500-599
Fair 600-699
Good 700-749
Excellent 750-850

What We Like:

  • Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening.

  • 2X miles earned for $1 spent on all purchases

  • Receive up to a $100 credit for Global Entry or TSA PreCheck®

  • Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel
  • Earn unlimited 2X miles on every purchase, every day
  • Miles won't expire for the life of the account and there's no limit to how many you can earn
  • Receive up to a $100 credit for Global Entry or TSA PreCheck®
  • Enjoy two complimentary visits per year to Capital One Lounges or to 100+ Plaza Premium Lounges through our Partner Lounge Network
  • Earn 5X miles on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options
  • Use your miles to get reimbursed for any travel purchase—or redeem by booking a trip through Capital One Travel
  • Transfer your miles to your choice of 15+ travel loyalty programs
Intro APR Purchases
N/A
Intro Term Purchases
N/A
Intro APR Balance Transfers
N/A
Intro Term Balance Transfers
N/A
Regular APR
17.49% - 25.49% (Variable)
Annual Fee
$95

Apply Now >>

Capital One VentureOne Rewards Credit Card overview

The Capital One VentureOne Rewards Credit Card earns only 1.25 miles per dollar spent, but remains a decent choice for someone looking for a travel rewards credit card with no annual fee and no foreign transaction fees.

The Capital One VentureOne Rewards Credit Card gives you 1.25 miles per dollar on every purchase and has no annual fee. You can also earn a one-time bonus of 20,000 miles once you spend $500 on purchases within the first three months, equal to $200 in travel.

If you will spend less than $10,000 a year on your next travel rewards credit card, opt for the no-fee VentureOne version.

In addition, the Capital One VentureOne Rewards Credit Card offers a slightly lower regular APR and a 0% introductory APR on purchases and balance transfers (3% fee applies) for 15 months. The Capital One Venture Rewards Credit Card, by contrast, offers no introductory teaser APR.

Capital One VentureOne Rewards Credit Card

In A Nutshell

The Capital One VentureOne Rewards Credit Card has a litany of benefits including a 20,000 mile one-time bonus after spending $500 in the first 3 months, a 0% intro APR on purchases and balance transfers for 15 months (after which the standard rate of 16.49% – 26.49% Variable applies). A balance transfer fee of 3% applies to amounts transferred within the first 15 months.

Read review
Apply Now On the Secure Website

In A Nutshell

The Capital One VentureOne Rewards Credit Card has a litany of benefits including a 20,000 mile one-time bonus after spending $500 in the first 3 months, a 0% intro APR on purchases and balance transfers for 15 months (after which the standard rate of 16.49% – 26.49% Variable applies). A balance transfer fee of 3% applies to amounts transferred within the first 15 months.

Read review
Credit Score Requirements: Credit Score requirements are based on Money Under 30’s own research of approval rates; meeting the minimum score will give you the best chance to be approved for the credit card of your choice. If you don’t know your credit score, use our free credit score estimator tool to get a better idea of which cards you’ll qualify for. *Money Under 30 uses a FICO 8 score, which is one of many different types of credit scores. *A creditor may use a different score when deciding whether to approve you for credit. ?
  • Good/
  • Excellent
Poor 500-599
Fair 600-699
Good 700-749
Excellent 750-850

What We Like:

  • A one-time bonus of 20,000 miles after spending $500 in the first three months

  • 1.25 miles earned on every $1 spent

  • No annual fee and no foreign transaction fees

  • $0 annual fee and no foreign transaction fees
  • Earn a bonus of 20,000 miles once you spend $500 on purchases within 3 months from account opening, equal to $200 in travel
  • Earn unlimited 1.25X miles on every purchase, every day
  • Miles won't expire for the life of the account and there's no limit to how many you can earn
  • Earn 5X miles on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options
  • Use your miles to get reimbursed for any travel purchase—or redeem by booking a trip through Capital One Travel
  • Transfer your miles to your choice of 15+ travel loyalty programs
  • Enjoy 0% intro APR on purchases and balance transfers for 15 months; 16.49% - 26.49% variable APR after that; 3% fee on the amounts transferred within the first 15 months
Intro APR Purchases
0%
Intro Term Purchases
for 15 months
Intro APR Balance Transfers
0% intro on balance transfers
Intro Term Balance Transfers
for 15 months
Regular APR
16.49% - 26.49% (Variable)
Annual Fee
$0

Apply Now >>

Venture and VentureOne Credit Card benefits

The Venture and VentureOne cards are appealing for consumers looking for a straightforward travel rewards card that can be easily used both at home and overseas without incurring foreign transaction fees.

Simple rewards

Many users say Capital One’s miles rewards programs have been living up to the card company’s “no hassles” tagline. For example, with these cards you earn rewards at a set rate (either 1.25 miles per dollar or two miles per dollar depending on the card).

Compare this to the Discover it® Cash Back, which pays higher rewards, but only on certain categories and changes those categories every three months.

No foreign transaction fees

Capital One international transaction fees are lower than most U.S. credit cards. They are among cards that do not charge foreign currency transaction fees.

Because that could save you between 2% and 4% on overseas purchases, some would say Capital One cards are among the best credit cards for international travel because of their lack of foreign currency transaction fees.

How do Capital One miles work?

Miles earned with the Capital One Venture and VentureOne can be automatically redeemed as a statement credit for any travel related expense, such as airline, hotel, cruise line and rental car transactions.

Alternately, cardholders can redeem miles by booking on any airline at any time, with no blackout dates, no advance booking required. Miles don’t expire for the life of the account.

When earning miles, there are no limits on when, where or how you earn 2x miles per dollar spent, no retailer specifications or spending categories, no separate rewards enrollment or re-enrollment requirements, and no limit on the number of miles cardholders can accumulate.

Compared to some travel credit cards—particularly airline cards that earn miles good for travel on just one airline, the Venture and VentureOne cards are attractive for their simplicity. If you have available miles, you can simply check boxes on your credit card statement next to travel transactions you want to pay for.

If there’s a downside to Capital One miles, it’s that you can’t stretch their value.

How much are Capital One miles worth?

The Capital One miles earned with the Venture and VentureOne cards are worth a penny a piece. 100 miles equals one dollar’s reward.

That’s exactly average as far as rewards miles go—no better, no worse.

For example, if you’re earning 2x miles with the Venture card, $15,000 in spending earns you 30,000 miles which can buy a $300 airline ticket. That’s better than some miles rewards cards that only give you one mile for every dollar spent and then require you to cash in up to twice as many miles to get a cash-value reward like a gift card.

What credit score do you need for the Venture or VentureOne card?

Both the Capital One Venture and VentureOne require a good or excellent credit score.

In most cases this means using credit for between three and five years, a FICO score of 700 or higher, and not having too much other credit card debt. Use our credit score estimator if you’re not sure.  Other factors also determine credit worthiness.

Compare all Capital One credit cards.

Rates and fees

 Capital One VentureOne Rewards Credit Card

Capital One Venture Rewards Credit Card

Balance Transfer Fee

3% fee on the amounts transferred within the first 15 months$0 at this Transfer APR
APR0% Intro APR for 15 months on purchases and balance transfers (3% fee applies). Then
16.49% - 26.49% (Variable)
17.49% - 25.49% (Variable)
Welcome bonus

20,000 miles after you spend $500 within the first three months ($200 value)75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening
Cashback rewards

Unlimited 1.25 miles for every dollar spent on all purchasesUnlimited 2 miles for every dollar spent on all purchases
Annual fee

$0$95

Pros & Cons

Pros

  • Great Sign-up Bonus — Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening - Expired Offer
  • Strong Rewards for All Purchases — Earn two miles per dollar spent on all purchases, with no limits.
  • Easy Rewards to Redeem — Miles can be redeemed for travel statement credits or transferrred to airline miles.

Cons

  • High Annual Fee — There's a $95 annual fee
  • Less Flexible Rewards — Travel statement credits aren't as flexible as cash back.

Summary

The Capital One Venture Rewards Credit Card is a solid choice for a hassle free rewards credit card. Despite it’s $95 annual fee, the Capital One Venture Rewards Credit Card is the better deal if you’ll spend around $10,000 a year or more on the card.

If you’re looking for something a little simpler or want a no annual fee card that earns cash back; consider the Capital One Quicksilver Cash Rewards Credit Card for unlimited 1.5% cash back on every purchase.

Read more

Related Tools

About the author

David Weliver
Total Articles: 296
David Weliver is the founder of Money Under 30. He's a cited authority on personal finance and the unique money issues he faced during his first two decades as an adult. He lives in Maine with his wife and two children.