Capital One Venture card benefits include 50,000 bonus miles for spending $3,000 in the first 3 months, 2+ miles per $1 spent on all purchases, a $0 foreign transaction fee, and travel insurance. Venture’s $0 annual fee the first year ($95 after) has to be considered a perk, too. But perhaps the best, most underrated Capital One Venture card benefit is the fact that you can redeem miles for any travel expense – future or past.
Capital One Venture Card Benefits List:
Initial bonus: 50,000 miles for spending $3,000 in the first 3 months.
2-10 miles per $1 spent: 2 miles per $1 spent on all purchases and 10 at hotels.com/venture. Miles are worth 1 cent each toward travel.
Travel booking flexibility: Book new travel with your points or get a statement credit after you travel using the Purchase Eraser.
No foreign transaction fees. No Capital One credit card charges foreign fees.
No annual fee the first year. That’s a $95 value, considering the cost of each year after.
24/7 concierge: Personal assistant that can help with travel issues, restaurant reservations, etc.
Travel accident insurance: Covers death or dismemberment caused by travel providers, up to $250,000 for you, your spouse and any dependent children.
Insurance for lost or damaged luggage: Can reimburse you up to $3,000 per trip, but certain items like phones and art aren’t covered.
Auto rental insurance: Covers collision damage and theft up to the cash value of most vehicles. Certain types of cars are restricted.
Extended warranty: One extra year of warranty for eligible purchases.
$100 application fee credit: Reimburses you once every four years for the Global Entry or TSA Pre Check application fee.
Card loss protection: Get an emergency card replacement and cash advances if you lose your card or it’s stolen, at home or abroad.
With all of the great Capital One Venture card benefits, it’s no surprise that Venture ranks among the best credit cards. And you only need good credit to get it.
Your card comes with a sign-up bonus of 50,000 miles after you spend $3,000 in purchases within the first 3 months from account opening. That's $500 in travel. You also earn 2 miles for every dollar you spend. Some other perks include travel accident insurance, lost luggage reimbursement, and auto rental coverage.
The Capital One Venture Card’s rewards program is one of the simplest and most flexible available to travel credit card applicants. You’ve probably seen Jennifer Garner explain how it works on the TV commercials. But let’s take a closer look, anyway, starting with the basics.
Capital One Venture Rewards works by giving you two miles for every dollar that you charge to your Venture Card. You can then redeem those miles for gift cards, cash back or travel expenses – with no blackout dates or restrictions. Although it’s nice to have options, there’s a catch hiding here. Venture’s double miles are worth half as much when redeemed for gift cards or cash.… read full answer
Each Venture mile is worth a penny when redeemed for travel. That gives you what amounts to 2% cash back on all the purchases you made to earn them. But they’re worth half a cent each, otherwise, leaving you with just 1% back.
That makes sense, considering how travel-oriented the Venture Card is. But it’s certainly something to be aware of going in. On that note, there are a few other details that you should probably know about before submitting an application. They’re listed below.
Here’s how Capital One Venture Rewards works:
Initial bonus. When you spend $3,000 within the first 3 months of account opening, you’ll earn 50,000 bonus Venture miles. That’s the equivalent of $500 in travel expenses.
Double miles on everything. The Capital One Venture Rewards Card rewards you with 2 miles per dollar on every purchase. That equals 2% “cash” back when you redeem for travel.
Lots of flexibility. Many credit cards have blackout dates, seating restrictions and other limitations that block you from booking travel with points or miles. Capital One Venture doesn’t. You can pay for any travel-related purchase charged to your Venture Card with miles. You can also book travel through Capital One‘s Rewards Center, if you’re interested.
Travel redemption is the way to go. Your miles are worth 1 cent apiece when used to pay for travel but only half a cent each when cashed in for a gift card or cash back.
Annual fee. Venture costs $0 for 1st yr, $95 after. If you use it regularly, that shouldn’t be an issue.
Prompt payment requirement. You absolutely must pay on time with this card. If you don’t, you lose all the rewards that you earned the month you were late. Plus, there’s a high APR to contend with.
In conclusion, Capital One Venture Rewards offers plenty of spoils. But it requires responsibility on your part, too.
You've got a whole lot of them. The sign up bonus, lack of FTF's, extended warranty, coverage for lost luggage, and a lot more. It's a very good card in that respect.
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