The Capital One Venture Card is an elite travel rewards credit card for people with 700+ credit scores who don't want to be tied down to a single travel provider. With an initial bonus worth $500 in travel and double miles on all purchases, it’s really no wonder why the Venture Card is so popular. In fact, Capital One Venture has been among WalletHub’s picks for the best overall credit cards each year since 2008.
Capital One Venture does charge an annual fee of $95, but there’s no foreign transaction fee. Plus, you can use Venture miles to pay for any travel-related charges once they post to your account, which is great for people who like to shop around for the best deals on travel comparison sites. That policy gives you a lot of booking freedom relative to most travel rewards cards, especially when you consider how broad of a definition Capital One uses for Venture Card travel charges.
You can learn more about Capital One Venture’s unique benefits below, in our summary of the key things you should know if you’re thinking about applying for the Venture Card.
Capital One Venture Card Review Highlights:
- $500 initial bonus. That’s how much Capital One Venture’s 50,000 miles are worth when redeemed for any travel-related purchase that appears on your statement. All you have to do to earn this bounty is spend at least $3,000 within three months of account opening.
- Up to 2% back on all purchases. The Capital One Venture Card gives you 2 miles per $1 spent on most purchases, which equates to 2% cash back when you redeem for travel. Miles are worth half as much when redeemed for anything else.
- Travel-booking flexibility. Unlike many other rewards cards, the Venture Credit Card doesn’t force you to book rewards travel through Capital One. Instead, you can book wherever you want and then simply use your miles to pay for the purchase when it appears on your statement.
- Generous ‘travel’ definition. The fact that Venture rewards are worth half as much if you don’t redeem for travel could be a major drawback, depending on how “travel” is defined. Fortunately, Venture views the term pretty broadly. You’ll get full value for your miles by redeeming them for any of the following types of travel expenses:
- Hotel reservations
- Cruise reservations
- Train tickets
- Taxi, bus or limo fare
- Travel agent fees
- Time shares
- Reasonable annual fee. The Capital One Venture Rewards Credit Card's $95 annual fee might scare some applicants off, but it’s a bargain when you consider the card’s rewards. The initial bonus alone covers more than five years of annual fees.
- No foreign fee. None of Capital One’s credit cards charge foreign-transaction fees. And it is one of only two major issuers to take that step. This will save you 1.45% on all purchases processed outside the U.S., whether you’re traveling or simply buying something from an international merchant.
- Built to be paid in full. Like most rewards cards, Capital One Venture sports a rather high APR. In fact, you’re likely to receive an above-average rate for your credit standing. So it’s best not to carry a balance from month to month with this particular plastic.
It’s fair to say that the Capital One Venture Card is an elite option for anyone with even a bit of travel on their itinerary. You just need to make sure you have the good or excellent credit needed to qualify. You can check your latest credit score for free
on WalletHub to find out.
Learn More About the Capital One Venture Card:
The Capital One Venture credit score requirement is 700 or higher for good approval odds. That means applicants generally need good credit or better for Capital One Venture Card approval.
The Capital One Venture annual fee is $95.
Credit Limit Capital One assigns Venture Card credit limits based on each applicant’s credit history and ability to pay.