Capital One® Venture® Card Review
Unless you have been living under a rock, you have seen the Jennifer Garner commercials. Capital One’s 2X “miles” Venture 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 Card Review – Welcome Offer
The current welcome offer on the Capital One Venture is:
- 50,000 bonus miles once you spend $3,000 on purchases within the first 3 months from account opening – $95 annual fee is waived the first year
Our take: As you can see, the Capital One Venture comes with a generous bonus that is the equivalent of $500 or more. Additionally, the $95 annual fee is waived the first year. Keep in mind Capital One pulls credit from all three bureaus when applying if that is something that you care about.
Overall, the Capital One Venture card is a solid sign-up considering the earning and bonus. Learn More.
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 card earns two miles per dollar spent. 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.
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 Ratio 2:1.5 (200:150 or 1,000:750)
For the following partners 2 Capital One miles equal 1.5 miles/points in the partner program:
- Aeromexico (Club Premier)
- Air Canada (Aeroplan)
- Air France/KLM (Flying Blue)
- Alitalia (MilleMiglia Program)
- Avianca (LifeMiles)
- Cathay Pacific (Asia Miles)
- Etihad Airways (Etihad Guest)
- EVA Air (Infinity MileageLands)
- Finnair (Finnair Plus)
- Hainan Airlines (Fortune Wings Club)
- Qantas (Qantas Frequent Flyer)
- Qatar Airways (Privilege Club)
Transfer Ratio 2:1 (200:100 or 1,000:500)
For the following partners 2 Capital One miles equal 1 mile/point in the partner program:
- JetBlue (TrueBlue)
- Emirates (Emirates Skywards)
- Singapore Airlines (KrisFlyer)
Capital One Venture – Cardmember Perks
This wouldn’t be a Capital One Venture 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. For example, it has a very lucrative deal with Hotels.com while also adding in some useful perks like waiving foreign transaction and Global Entry fees.
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
- 10X miles on Hotels.com
- Visa Signature perks that include extended warranty
Travel & Purchase Protections
Additionally, Capital One Venture 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 Bonus Worth?
The Capital One Venture sign-up bonus is worth at least $500 in free travel. Since the first year annual fee is waived, you receive $500 worth of miles with no cost. 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.
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 adding partners like Hotels.com and making their miles more flexible as well. The sign-up bonus for the Venture 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.
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