Capital One Venture Card Review

The Capital One Venture has a $95 annual fee. Capital One Venture's $95 annual fee is higher than the average annual fee among new credit card offers right now. It's not the only fee you need to worry about with the Capital One Venture Rewards Credit Card, either.

Capital One Venture Fees

• Annual Fee: $95
• Cash Advance Fee: 3% (min $10)
• Foreign Fee: $0
• Balance Transfer Fee: $0 at this Transfer APR
• Max Late Fee: $40

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!

Your Capital One Venture approval odds are good if you have a credit score of 700+, which is considered good credit. Approval odds for the Capital One Venture will also be influenced by your annual income and existing debts. Applicants will need to be 18+ years old with a U.S. mailing address and an SSN, as well.

What You Need for Good Capital One Venture Approval Odds

• Good credit or better
• Enough income to pay credit card bills
• Low debt relative to income
• Low housing costs relative to income
• U.S. mailing address
• Age of 18+
• Social Security Number

Keep in mind that many of these are guidelines rather than requirements. For example, you may have a low annual income but no debts and still get approved.

To get a better sense of your approval odds before applying for a Capital One Venture, you can check to see if you're pre-qualified for any offers on the Capital One website. Pre-qualifying does not guarantee approval, but it does indicate that you have pretty good odds of getting approved for certain cards, and it won't affect your credit score.

If you want to enhance your application by improving your credit score, WalletHub's free credit analysis can tell you what steps to take.

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.

The Capital One Venture Card is a Visa. Capital One is the issuer of the Venture Card, which can be used anywhere Visa is accepted.

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 difference between the Capital One Venture and the Capital One VentureOne Rewards Credit Card is that the former is the premium version. It has a more generous sign-up bonus (60,000 miles for spending $3,000 in the first 3 months), a higher 2 miles per $1 earnings rate and an annual fee of $95.

Capital One VentureOne on the other hand, has a sign-up bonus of 20,000 miles once you spend $500 on purchases within 3 months from account opening and only awards you 1.25 miles per $1 on every purchase, but it has a $0 annual fee.

All in all, if you travel a lot and spend about $15,000 per year in travel, the Capital One Venture card is worth it. Otherwise, the Capital One VentureOne card might be a better option.

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.

A Capital One Venture balance transfer allows applicants and cardholders to shift existing debt to the this card and pay it down over time. Capital One Venture balance transfers do not have an introductory 0% APR. That means a balance transferred to the Capital One Venture card will accumulate interest daily at the regular APR of 15.99% - 23.99% (V) starting on the transfer approval date. Capital One Venture balance transfer fee is: $0 at this Transfer APR.

Some cardholders may receive online promotional offers for Capital One Venture balance transfers at a reduced APR. Such offers would show up through a notification banner on your account details page or in an e-mail.

If you don't have a promotional offer, you can still initiate a Capital One Venture balance transfer at any time from your online account. From the Account Services link, under the Offer and Upgrades menu, select “Transfer a Balance.” Alternatively, call (800) 227-4825 to request a balance transfer by phone. If you're applying for the Capital One Venture card, there will be a section on the application for you to request a balance transfer.

You can transfer nearly any type of debt, including student loans, auto loans, mortgages and others. Capital One does not allow you to transfer balances from other Capital One accounts.