Is there a fee to redeem miles from my Capital One Venture credit card?

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 1 cent each when redeemed for travel. For example 10,000 Capital One VentureOne miles are worth $100 towards travel expenses that show up on your Capital One VentureOne statement or when used to book accommodations on Capital One’s travel portal.

To redeem Capital One VentureOne miles, log in to your … read full answeronline 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 partner airlines.

Ways to Use 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 15+ 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 get the Capital One Venture Card sign-up bonus, new cardholders must spend $4,000 within the first 3 months of opening an account. The Capital One Venture Card bonus is 75,000 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 5 miles per $1 spent on hotels and rental cars booked through Capital One Travel, and 2 miles per $1 on all other purchases. Its annual fee is $95, and you need good credit to get approved for the card.