Capital One Venture Card Review

The Capital One Venture Card's annual fee is $95. The Capital One Venture makes up for this steep $95 annual fee with good rewards, including 60,000 miles for spending $3,000 in the first 3 months. This bonus covers a few years of annual fees.

Another way to offset the Capital One Venture 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.

Here are the Capital One Venture fees:

• Annual fee: $95
• Foreign transaction fee: $0
• Balance transfer fee: $0 at this Transfer APR
• Cash advance fee: 3% (min $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, 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.

You can easily redeem Capital One Venture miles through the Capital One website, mobile app or customer service phone line. What's unique with this card, though, is that 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 you'll get half the value if you do that.

Here's how to redeem Capital One Venture miles online:

1. Log into your account on either Capital One's website.
2. Click on your rewards balance.
3. Choose your redemption method. The options are: “Redeem travel purchases,” “Book a trip,” “Get gift cards,” “Get an account credit,” “Get a check by mail,” and “Transfer Rewards.”
4. Follow the instructions for the option you've chosen.

So, Capital One Venture's redemption process is one of its major perks. Plus, with 2 miles per $1 spent, along with a 60,000 miles initial bonus, miles build up fast. It's also useful to note that you can redeem through the Capital One app, too. Just log in with the same user name and password, click “Redeem Rewards” at the bottom, and select one of the options.

Here are the options for redeeming Capital One Venture miles:

• Redeem travel purchases: 1 cent per mile

  Capital One shows you what travel expenses you've made in the past 90 days, and you can use your miles to “erase” some or all of the cost from your credit card statement.

• Book a trip: 1 cent per mile

  The Capital One travel booking tool is powered by Orbitz, so you should have access to most major airlines, hotels and rental car companies.

• Get gift cards: 0.5 cent per mile

  90 stores are represented, including Bed Bath & Beyond, Lowe's, AMC and Best Buy. Gift cards for as little as $10 are available for many stores. But the denominations vary by store.

• Get cash back: 0.5 cent per mile

  You can get a deposit into your checking or savings account or receive a check by mail. You can also set up automatic cash redemption when you reach a certain number of miles.

• Transfer miles: Value depends on the partner

  If you have another Capital One Venture or other travel rewards credit card account, you may be able to transfer your rewards to it.

The most convenient part about redeeming Capital One Venture miles is that you don't have to decide to use them before making a purchase. You can use the so-called purchase eraser to pay for any type of travel expense charged to your card in the last 90 days. Capital One isn't stingy about what it considers travel, either. It includes everything from hotels, airlines and cruises to Airbnb and Uber. That flexibility, combined with Capital One Venture's top-notch rewards value, makes it one of the best cards available to frequent travelers.

One mile equals 1 cent in travel, meaning 100 miles are worth $1 and 10,000 miles are worth $100. You can learn more from our Venture Card review and Capital One No Hassle Rewards Program review​​​​​​​. Hope this helps. Best of luck!

Capital One Venture approval odds are highest for applicants with a credit score above 700. The higher a person's credit score, the better chances they have of being approved. In addition, Capital One will consider an applicant's annual income, monthly housing payment, amount of debt in relation to income, and other factors when making a decision.

If you're not sure you qualify, you can assess your Capital One Venture approval odds before you apply. Check your pre-approval status by using the tool on the Capital One website. If you're pre-approved, it means there's a strong likelihood that you'd be approved if you apply.

To log in to your Capital One Venture Rewards Credit Card account, go to the login page on the Capital One website or mobile app and enter your username and password in the appropriate fields. Then, click “Sign In” to access your online account. If you don't already have an account, you will need to start by clicking “Set Up Online Access” in order to set up a username and password.

How to Log in to a Capital One Venture Credit Card Account

1. Register your Capital One Venture credit card for online account access: Click “Set Up Online Access” and enter your last name, SSN or bank account number, and date of birth to verify your credit card account.
2. Choose your Capital One Venture username and password: The username must be between 6 and 12 characters. The password must be 8 to 32 characters long, with at least one letter, number and special character.
3. Log in with your new Capital One Venture card credentials. From the login page on the Capital One website or mobile app, fill out the “Username” and “Password” fields using your new credentials, and click “Sign In” to access your account.

After you have signed up and logged in, you'll be able to manage your Capital One Venture card account online. You can pay your credit card bill, see credit card statements, monitor account activity, and change account information such as passwords and automatic payments.

If you forget your login information, click “Forgot Username or Password?” on the Capital One login page. Then, just follow the prompts to reset or retrieve your username or password.

Capital One Venture benefits include 60,000 miles for spending $3,000 in the first 3 months. It also offers 2 miles per $1 spent on all purchases, $0 foreign transaction fees, and travel insurance. Capital One Venture's annual fee is $95. But perhaps the best, most underrated Capital One Venture benefit is the fact that you can redeem miles for any travel expense.

Here are the Capital One Venture benefits:

• Initial bonus: 60,000 miles for spending $3,000 in the first 3 months.
• 2 miles per $1 spent: 2 miles per $1 spent on all purchases and 5 miles per dollar for purchases made through Capital One Travel. 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: Capital One credit cards charge $0 foreign fees.
• Annual fee: This card comes with a $95 annual fee.
• 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.

With all of the great Capital One Venture benefits, it's no surprise that Capital One Venture ranks among the best credit cards. And you only need good credit to get it.

There's no official Capital One Venture miles redemption chart. But that's because you don't need one. It's not that complicated. Capital One Venture miles are worth a penny each when redeemed for travel and half that when redeemed for gift cards or a statement credit. Since Venture gives you double miles on every purchase, that means you're getting 2% back when you redeem for travel and 1% back otherwise. 

So, it's pretty easy to make your own Capital One Venture miles redemption chart. In fact, I'll make one for you…

Here are your Capital One Venture miles redemption options:

1. Travel Purchases: 1 cent per mile. You can use Venture miles to book flights, hotels, rental cars, etc., on Capital One's travel portal. Or you can use the “purchase eraser” tool to put miles toward expenses once they show up on your monthly statement. You can also transfer miles to partner travel programs, though the value per mile differs depending on the partner.
2. Gift cards: 0.5 cent per mile. You can get gift cards from most major retailers, from Amazon to Walmart. Denominations vary by store, but you can get a gift card for as little as $10 or as much as $500.
3. Cash back: 0.5 cent per mile. You can redeem your Venture miles in the form of a statement credit or a check.
4. Share Your Rewards: You can help a friend or a family member by transferring your miles to them, if they have a Venture card, getting them closer to their destination.

As you can see, redemption is pretty simple. There's no doubt how much Capital One Venture miles are worth (1 cent each for travel, or half a cent for cash). And all you have to do to use them is log into your Capital One online account, click on your rewards balance, and choose the redemption option you want.

These are all reasons why Capital One Venture is one of the best travel rewards cards around.

Capital One Venture travel insurance covers you for serious accidents caused by a travel provider. It also covers rental cars and lost or damaged luggage. Capital One Venture's travel insurance benefits don't cost extra, either. They're covered by Venture's $95 annual fee and kick in automatically when you pay for travel with the card. You just have to submit a claim if a covered event occurs.

Here are the Capital One Venture travel insurance benefits:

• Travel Accident Insurance. Capital One will pay up to $250,000 for death or dismemberment caused by travel companies like airlines, trains and buses. Cardholders, their spouses and any dependents younger than age 18 are covered. For an incident to be eligible for coverage, you must have paid the entire fare with your Venture card or miles. There are a few exceptions to what's covered, though, so it's a good idea to read Capital One's benefit guide.
• Lost Luggage Reimbursement. If your bags are lost by a travel provider or get stolen, you can get reimbursed for up to $3,000 per trip. This applies to both you and immediate family. But you must pay for the ticket(s) and any baggage fees with Capital One Venture to be eligible. There's also a laundry list of items that are not covered, including art, animals, vehicles, sporting equipment, furniture and cell phones.
• Auto Rental Collision Damage Waiver. You're insured for collision damage and theft when you rent certain types of vehicles with your Venture card. Capital One will pay up to the cash value of the vehicle. Notable exceptions include expensive and exotic cars, vans, motorcycles, trucks and limousines.

Capital One Venture travel insurance isn't the most robust policy available from a credit card. But it's solid, doesn't cost you any extra money and isn't a reason not to get the card. After all, you get Venture for the rewards and use the travel insurance when you have to.

You don't have to do anything special to get the Capital One Venture metal card. All new cardholders who are approved for Capital One Venture will receive the metal version. This is a special promotion that's been going since February 15, 2017. Capital One has not yet announced an end date.

Here's how to get the Capital One Venture metal card:

• If you're a new applicant: Just apply for the Capital One Venture card. If you are approved, the credit card that you will receive will be metal.
• If you're an existing cardholder: Ask for a metal replacement. Call the number on the back of your card and ask if you're eligible for the metal version. Some people aren't, due to things like missed payments in the past. But if you are, you can order a replacement, which should arrive in 7-10 business days.

There's no difference in rates, fees or the way you use the metal card vs. the plastic one. But naturally, the metal one feels a bit more prestigious. Metal credit cards are typically the cards with the highest annual fees and the best benefits. That being said, don't worry too much about what your credit card is made of. It's just a tool for making purchases, and its terms are what really matter.

If you're keen on getting a metal credit card and don't want to pay hundreds of dollars in annual fees, this is a great option. Capital One Venture comes with excellent rewards: 2 miles per $1 spent, along with 60,000 miles bonus for spending $3,000 during the first 3 months your account is open.    

It's also important to note that although Capital One hasn't announced an end date for the Capital One Venture metal cards, this promotion could end at any time.   

The Capital One Venture Rewards Credit Card credit score requirement is 700 or better. That means people with good credit or better have a shot at getting approved for the Capital One Venture Card.

You should note that while your credit score is an important factor, there are plenty of other things that will impact your chances of being approved for the Capital One Venture Card, too. Some other key criteria include your income, existing debt load, number of open accounts, recent credit inquiries, employment status and housing status.

If you excel in other areas, you might be able to get approved with a slightly lower credit score in some cases. But it's best to wait to apply until you meet the Capital One Venture credit score requirement. You can check your credit score for free on WalletHub.