You can easily redeem Capital One Venture miles for free, through the Capital One website, mobile app or customer service phone line. Plus, you can redeem miles either before or after you pay for your travel expenses. You can also redeem miles for gift cards and other non-travel rewards, but they will be less valuable if you do that.
Your Capital One VentureOne credit limit will be at least $2,000. That’s the bare minimum, but it could be more. Capital One VentureOne has no disclosed maximum credit limit. How much you’re approved for will depend on a combination of your credit history, income, and existing financial obligations.
You aren’t necessarily locked into your first Capital One VentureOne credit limit forever. Three months after opening your account, you could be eligible to request a credit line increase if you’ve paid on time so far. But there are no guarantees. There is, however, a bit more information you should know.… read full answer
Capital One VentureOne Credit Limit Info:
All approved applicants for VentureOne get a credit limit of at least $2,000.
Some online posts from users have claimed they were approved for limits of $20k and above.
To be approved for Capital One VentureOne, you need good-to-excellent credit. That means a credit score of 700 or above.
Capital One recommends that VentureOne applicants never have defaulted on a loan or been more than 60 days late in the past year. You should also have an existing credit card with a limit of $5,000+ that’s been open for at least three years.
You can request a credit limit increase when your Capital One VentureOne account has been open for three months. After that, you can request an increase every six months.
To be approved for a VentureOne credit limit increase, you need to make on-time monthly payments to all your creditors. You should also be paying more than the minimum with VentureOne.
The $2,000+ that you’ll get as your Capital One VentureOne credit limit compares decently well to other popular credit cards for people with good credit. For example, the Capital One Venture credit limit is $5,000+, the Citi Double Cash limit is $500+, and the Chase Freedom credit limit is $500+.
The Capital One VentureOne miles are worth at least 1 cent each when redeemed for travel and 0.5 cents when redeemed for cash back. That means 10,000 Capital One VentureOne miles are worth $100 in travel or $50 in cash back. It is also worth noting that with Capital One VentureOne, you get 1.25 miles per $1 spent on every purchase.… read full answer
You can apply miles toward prior travel expenses on your Capital One VentureOne statement or you can use them to book airfare, hotel stays and other travel-related purchases on Capital One’s travel portal.
Here’s how you can redeem Capital One VentureOne miles:
If you wish to cover past travel expenses, you can redeem your miles to cover any travel purchase made with your Capital One VentureOne within 90 days of the purchase.
You can also transfer miles to one of Capital One’s 10+ airline loyalty programs such as those from Air Canada and Air France KLM and receive up to over a penny per mile, depending on the airline, but keep in mind that transfer rates are subject to change.
If you choose to redeem miles for cash back, either as a statement credit or a check, Capital One VentureOne miles are worth half a cent each. You’ll also get around 1 cent per mile when you redeem for gift cards, but values will vary depending on the gift card.
To redeem Capital One VentureOne miles, log in to your online account or use the Capital One mobile app. There, you’ll be able to redeem your earned miles for travel expenses (either past travel purchases made within 90 days of redemption or future bookings), cash back (either through statement credits or checks), gift cards or transfers to Capital One partnered airlines.
To get the Capital One Venture Card sign-up bonus, new cardholders must spend $3,000 within the first 3 months of opening an account. The Capital One Venture Card bonus is 60,000 miles.
Keep in mind, however, that you will not be eligible for this introductory bonus if you currently have the Capital One Venture Card, regardless of whether you previously received the bonus. You also may not be eligible if you recently earned the bonus.… read full answer
In addition to the sign-up bonus, the Capital One Venture Card offers 2 miles per $1 on purchases. Its annual fee is $95, and you need good credit to get approved for the card.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. This question was posted by WalletHub.
Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.