Capital One Venture Rewards Card Review
Unless you have been living under a rock, you have seen the Jennifer Garner commercials. The Capital One Venture Rewards card is one of the most popular travel rewards cards around and for good reason. It has a very solid earning structure, some unique and interesting perks and a very attractive welcome offer. Here is our review.
Capital One has long been one of the biggest banks in the credit card space, however they are often overshadowed by Chase, American Express and Citi in the coverage they get. Venture is Capital One’s mainstream travel card, a competitor to Chase Sapphire Preferred. We think it is definitely worth considering. Let’s take a look!
Capital One Venture Rewards Card Review – Welcome Offer
The current welcome offer on the Capital One Venture Rewards card is:
- 75,000 bonus miles once you spend $4,000 on purchases within the first 3 months from account opening.
- The $95 annual fee is NOT waived the first year
Our take: As you can see, the Capital One Venture comes with a generous welcome offer that is the equivalent of $750 or more. Keep in mind Capital One pulls credit from all three bureaus when applying if that is something that you care about. It is also a difficult card to get if you have had more than a few applications in the last 24 months.
Overall, the Capital One Venture Rewards card is a solid welcome offer considering the earning and bonus.
Capital One Venture – Bonus Restrictions
Capital One has implemented anti-churning language on many of their cards including Venture. Applicants can only get one card every six months plus there are additional restrictions as well.
When digging through the Capital One Venture application, you will find the following bonus terms:
Existing or previous Account holders may not be eligible for this one-time bonus.
In the past Capital One has enforced this restriction loosely. Generally people have received the bonus if they had the card before, but were not current cardholders. This practice could always change based on the terms above.
How Does Capital One Venture Earn Miles
The Capital One Venture Rewards card earns 2X miles per dollar spent on all charges. It does earn an increased rate of 5X on hotels and rental cars booked via the Capital One travel portal. The miles earned are worth 1 cent each when redeemed for travel or gift cards. In 2018 Capital One introduced transfer partners as well in an effort to compete with Chase Ultimate Rewards, American Express Membership Rewards and Citi ThankYou points.
Capital One Venture Transfer Partners
Capital One miles transfer to partners at a couple of different rates depending on the partner. Here is a list of Capital One Venture transfer partners along with the transfer ratio.
Transfer Partners (Transfer Rate) – Unique Partners Are In Bold
- Aeromexico Club Premier (1:1)
- Air Canada Aeroplan (1:1)
- Air France/KLM Flying Blue (1:1)
- Avianca LifeMiles (1:1)
- British Airways Avios (1:1)
- Cathay Pacific Asia Miles (1:1)
- Emirates Skywards (1:1)
- Etihad Guest (1:1)
- EVA Infinity MileageLands (2:1.5)
- Finnair Plus (1:1)
- Qantas Frequent Flyer (1:1)
- Singapore Airlines KrisFlyer (1:1)
- TAP Portugal (1:1)
- Turkish Airlines Miles & Smiles (1:1)
- Virgin Red (1:1)
Hotel Transfer Partners
- Accor Live Limitless (2:1)
- Choice Privileges (1:1)
- Wyndham Rewards (1:1)
Capital One Venture – Cardmember Perks
This wouldn’t be a Capital One Venture Rewards card review without talking about all of the cool perks the card gets you. It even has some unique perks that you won’t find on many other cards. It often adds limited time partnership perks like the previous Hotels.com offer. Capital One also added in some useful perks like waiving foreign transaction and Global Entry fees a few years ago.
The Capital One Venture card comes with the following perks and benefits:
- No foreign transaction fees
- Rewards don’t expire
- Up to $100 Global Entry or TSA Precheck credit
- Visa Signature perks that include extended warranty
Travel & Purchase Protections
Additionally, Capital One Venture Rewards card has some travel and purchase protections built in for cardholders.
- Travel accident insurance – Get automatic insurance for a covered loss at no extra charge when you purchase the entire fare with your credit card.
- Auto Rental Collision Damage Waiver – Secondary coverage for your rental vehicle in case of damage
- Extended Warranty – Purchase an item with your Venture and you will get additional warranty protections
How Much Is the Capital One Venture Rewards Welcome Offer Worth?
The Capital One Venture Rewards card welcome offer is worth at least $750 in free travel. After accounting for the $95 annual fee you are left with $655 in net value. Additionally, since Capital One now has transfer partners with their new program, you can get even additional value in some cases by transferring to travel partners. This does not include the Global Entry credit or any other money saving perks that comes with the card.
Keep Long Term?
The Capital One Venture card earns 2 miles per dollar spent and comes with some unique features and perks plus travel partners. In the old days it made sense to say this card was a “cancel” after one year in favor of a 2% cash back card, however Capital One has changed that calculation a bit with the addition of transfer partners and other benefits. This card won’t be a “keep” for everyone, but for the right person this is a great card to get and keep.
Capital One Venture Card Review – Bottom Line
We give Capital One a lot of credit for all of the changes and additions they have made over the past couple of years to their credit card lineup. Over time they have made the Venture card more attractive by constantly adding limited time partnerships and making their miles more flexible as well. The welcome offer for the Capital One Venture Rewards card is quite attractive as well, meaning it is a great card to get so you can see how well it works with your situation.
Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.