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Capital One Venture Rewards Credit Card review: Full details – The Points Guy

July 3, 2024

The Capital One Venture Rewards Credit Card effortlessly blends fixed-value redemptions with 15-plus airline and hotel transfer partners. Its modest $95 annual fee (see rates and fees) and solid return on everyday spending make this card a keeper once you're approved for it. Card rating*: ⭐⭐⭐⭐½
The world of award travel is incredibly complex, with airline miles, hotel points and award charts to keep track of, let alone credit card programs that allow you to transfer your rewards to various partners.
But it shouldn't be challenging to earn and use credit card rewards. The Capital One Venture Rewards Credit Card is an excellent antidote to the complexity of travel rewards, offering both simple earning and redemption options for beginners and high-value transfer options for the more experienced points and miles collector. You will need good to excellent credit for this card, so TPG recommends a credit score of 670 or higher.
Here's everything you need to know about the Capital One Venture Rewards.
The Capital One Venture Rewards comes with a solid sign-up bonus of 75,000 miles after spending $4,000 on the card within the first three months of account opening. This sign-up bonus isn't the highest we've ever seen from Capital One, but it's a solid offer for the relatively low spending requirement.
Based on TPG valuations, Capital One miles are worth 1.85 cents each when transferred to the issuer's loyalty program partners, which include Air Canada Aeroplan and Air France-KLM Flying Blue. In other words, this 75,000-mile bonus can be worth around $1,388.
Related: Redeeming Capital One miles for maximum value
Venture Rewards cardholders receive some helpful travel perks, including:
These are solid perks for a card with a reasonable annual fee — though if you're looking for enhanced benefits, the Capital One Venture X Rewards Credit Card could be a better fit for your wallet (more on that later).
Earning miles on the Venture Rewards card is straightforward, making the card useful to those who don't want to spend a lot of mental energy swapping credit cards in and out for different merchants.
You'll earn 2 miles for every dollar you spend with the card on every transaction, which means you're getting a value of 2 to 3.7 cents (factoring in TPG's latest valuations) for every dollar in purchases, with no annual cap.
Plus, you'll earn an even higher 5 miles per dollar spent on hotels and car rentals booked through Capital One Travel.
It's easy to zero in on high-powered and popular bonus categories for dining or travel, but you might spend a lot of money outside of defined bonus categories. Adding a Venture Rewards card to your wallet can help you mop up all those extra miles and ensure you aren't leaving anything on the table when paying for non-bonus purchases.
You'll likely get more value out of transferring your Capital One miles than redeeming them outright, but if you prefer a more straightforward approach, there are several options available at a fixed value:
It is important to recognize that these fixed-value redemption options will result in a lower value compared to TPG's valuation of 1.85 cents per point.
Transferring your Capital One Venture miles to airline and hotel partners is often how you'll get the most value from your earnings. Under the right circumstances, you can get some phenomenal value from these rewards.
Here are some examples of how you can maximize your Capital One miles:
Even programs that fly under the radar can be a great option — as TPG director of content Nick Ewen recently found.
Now, it's worth noting that these redemptions aren't for everyone, so be sure to check out our guide to help you make the decision on whether to transfer Capital One miles. And if you're confused about the process of how to transfer miles to airline and hotel partners, here's a guide on how to do it.
No card perfectly replicates the Capital One Venture, but there are a few that offer similar benefits:
For additional options, check out our full list of the best travel cards.
Read more: Credit card showdown: Capital One Venture vs. Capital One Venture X
If you want a card that earns valuable rewards on non-bonus spending and has a reasonable annual fee, the Capital One Venture Rewards is a great option. However, those looking for premium benefits and bonus rewards in top spending categories will need to look elsewhere.
The Capital One Venture packs a lot in for a $95 annual fee (see rates and fees), and it even makes the cut as one of our best travel credit cards. It earns miles at a consistent rate and can facilitate simple, fixed-rate redemptions along with more complicated awards by transferring your miles to hotel and airline partners, making it a valuable card worth a spot in your wallet.
Apply here: Capital One Venture Rewards Credit Card with 75,000 bonus miles
For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.
The Points Guy believes that credit cards can transform lives, helping you leverage everyday spending for cash back or travel experiences that might otherwise be out of reach. That’s why we publish a variety of editorial content and card comparisons: to help you find a great card to turn your goals into reality.
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