The Capital One Venture annual fee is $0 the first year and $95 each year after. The normal $95 Capital One Venture annual fee is a bit steep – about 6 times more than the average credit card charges. But Capital One Venture makes up for it with fantastic rewards, including 50,000 miles for spending $3,000 in the first 3 months. That’s redeemable for $500 in travel, and it covers 5+ years of annual fees.
Another way to offset the Capital One Venture card annual fee is with the card’s ongoing rewards. Venture offers 2 miles per $1 spent on all purchases. Spending $1,000 per month nets 24,000 miles per year, equal to $240 in free travel. That covers 2.5 years of Capital One Venture annual fees.
But the annual fee isn’t the only thing you have to watch out for on a Capital One Venture card. There are a few other fees you might have to pay in various situations.
Capital One Venture Fees:
Capital One Venture annual fee: $0 the first year, $95 after.
Capital One Venture foreign transaction fee: $0.
Capital One Venture balance transfer fee: $0.
Capital One Venture cash advance fee: 3% (minimum $10).
Overall, the Capital One Venture annual fee is pretty reasonable compared to the value you receive in return. But if you don’t plan on spending enough to earn Capital One Venture’s initial bonus or to justify paying its $95 annual fee from the second year on, there are plenty of rewards credit cards with no annual fee. Just make sure to consider both how much you’ll earn and how easy the rewards will be to redeem.