Capital One Venture Rewards Credit Card

Note: Capital One is a Frequent Miler advertiser, but we always show the best public offer even when we don't earn a commission. Please see our Advertiser Disclosure.

Card Details and Application Link
Capital One Venture Rewards Credit Card
75K Miles + up to $200 in statement credits ⓘ Non-Affiliate
Earn 75,000 bonus miles after $4K spend in 3 months + up to $200 in statement credits when you make an Avelo purchase in your first year + priority boarding on Avelo flights for the first year. (Rates & Fees)
$95 Annual Fee

Click Here to Apply
This is NOT an affiliate offer. We always present the best offer even when it means less revenue for Frequent Miler
Alternate Offer: Airport Kiosk offer of 80K miles after $4K spend in the first 3 months See this post for details.
Information about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy.
FM Mini Review: This card earns 2 "miles" per dollar, which are worth exactly 1 cent each toward travel. This makes the return on spend similar to a 2% cash back card (though in this case you must redeem your miles to offset travel in order to get 1 cent per mile). One big advantage over cash back: Capital One allows transfering their "miles" to airline miles & hotel points. Click here for our complete card review
Earning rate: 2X miles everywhere ✦ 5X miles on hotels and rental cars booked via Capital One Travel
Base: 2X (2.9%)
Other: 5X (7.25%)
Card Info: Mastercard issued by CapOne. This card has no foreign currency conversion fees.
Noteworthy perks: Receive up to $100 application fee credit for Global Entry or TSA PreCheck® ✦ Redeem miles for travel at value of 1 cent per mile ✦ Convert "miles" to airline miles & hotel points ✦ No foreign transaction fees

The Capital One Venture Rewards Credit Card makes for a unique one-card solution in that it offers the best of both worlds: earn 2x “miles” on all purchases and then redeem those “miles” for paid travel at a reasonable rate of return or transfer those “miles” to airline partners. While there are credit card combinations from other issuers that can offer greater returns, the Capital One Venture card likely appeals the most to those looking for one card to keep on hand for all purchases. In fact, the simplicity of being able to use one card to earn rewards and travel any time is why this card (along with its business twin: Spark Miles for Business) topped the list in our post answering the question: What is the best credit card?. This guide contains everything you need to know about the Capital One Venture Rewards credit card.

Capital One Venture Application Tips

Capital One Application Tips


  • Velocity Limit on consumer cards: Existing or previous cardholders are not eligible for the same card if they have received a new cardmember bonus for the same product within the last 48 months.

  • Hard inquiries usually get issued through all 3 credit bureaus


To check application status, call (800) 903-9177 or (877) 277-5901
If denied, call reconsideration here: (800) 625-7866

Should you apply?

This is a decent travel rewards credit card with good “everywhere” rewards. Earn 2 miles per dollar for all spend. Miles are worth 1 cent each when redeemed for travel. Simply use the card to pay for any travel expenses, and then log onto your account and apply miles to offset your statement charges.

Things get more interesting now that Capital One Miles are transferable to airline miles. The ability to earn the equivalent of 2 airline miles everywhere is excellent.

It is worth noting that Capital One is known to pull from all three bureaus for new applications, resulting in hard inquiries on all of them. Anecdotally, some have reported being approved with a single report frozen.

Are you eligible?

Capital One allows at most 2 Capital One consumer cards and you must wait six months before applying for another card.

Existing or previous cardholders are not eligible if they have received a new cardmember bonus for a Venture X card within the last 48 months.

However, beyond those rules, Capital One also tends to be less likely to approve those who have opened many credit cards with other issuers. There is no known rule as to how many is too many, but those who regularly open rewards credit cards are likely to have difficulty being approved.

How to apply

You can find the current best welcome bonus offer and application link at the top of this page: Capital One® Venture® Rewards Credit Card.

Application status

After you apply, call (800) 903-9177 or (877) 277-5901 to check your application status.

Reconsideration

If your application is denied, we recommend calling for reconsideration (800) 625-7866. It’s surprising how often denials can be changed to approvals just by asking, though note that Capital One is unlikely to approve those with many open credit cards.

Capital One Venture Rewards Credit Card Perks

Capital One “Miles”

Capital One calls its rewards currency “miles”, though really it is like other transferable currencies in that it offers the ability to redeem towards travel or to transfer to airline miles as follows:

  • Redeem Points $0.01 each toward travel: Points are worth 1 cent each toward travel and can be used to reimburse a broad range of travel purchases (including flights, lodging, ride shares, cruises, and more) within 90 days of purchase.
  • Transfer Points to Partners: Points can be transferred to a number of airline and hotel loyalty programs.  It’s possible to get much better than 1 cent per “mile” value via high value airline or hotel awards.  See Capital One Transfer Partners for details.

Travel Protections

  • Auto Rental Coverage: Capital One offers secondary auto rental CDW (collision damage waiver), which means that it acts as supplemental insurance to your personal car insurance if you have any (if you do not have car insurance, it acts as primary CDW). Here’s the description directly from Capital One: “Rent an eligible vehicle with your credit card and you can be covered for damage due to collision or theft.”
  • Travel Accident Insurance: When you charge the entire cost of the passenger fare(s) to your card, you, your spouse and unmarried dependent children will be automatically insured up to $250,000 against accidental loss of life, limb, sight, speech or hearing while riding as a passenger in, entering or exiting any licensed common carrier.

Global Entry or TSA PreCheck® credit

  • Receive up to $100 credit for Global Entry or TSA PreCheck® when you use your Venture card. Get one statement credit every four years.

Purchase Protection

  • Extended Warranty: “Doubles the time period of the original manufacturer’s written U.S. repair warranty up to one (1) additional year on eligible warranties of three (3) years or less for items purchased entirely with your eligible Visa Signature card.”

Capital One® Venture® Rewards Credit Card Earn Points

Welcome Bonus

This card earns Capital One “miles”. Here’s the current welcome offer:

Card Offer
75K Miles + up to $200 in statement credits ⓘ Non-Affiliate
Earn 75,000 bonus miles after $4K spend in 3 months + up to $200 in statement credits when you make an Avelo purchase in your first year + priority boarding on Avelo flights for the first year. (Rates & Fees)
$95 Annual Fee
Alternate Offer: Airport Kiosk offer of 80K miles after $4K spend in the first 3 months See this post for details.
Information about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy.

Refer Friends

Capital One occasionally sends out targeted email offers to refer friends and receive a bonus for each referral.

Bonus Spend

Card Info Name and Earning Rate (no offer)
Earning rate: 2X miles everywhere ✦ 5X miles on hotels and rental cars booked via Capital One Travel
Base: 2X (2.9%)
Other: 5X (7.25%)

Capital One® Venture® Rewards Credit Card offers 2X everywhere with no permanent bonus categories.

Capital One® Venture® Rewards Credit Card Redeem Points

Cash Back

Cash back is the poorest use of Capital One “miles”. This is because if you redeem for cash back, whether as a statement credit or via check, you’ll only receive half the value of travel redemptions: just 0.5 cents per “mile”. If you are looking for cash back rewards, there are much better options on the market.

Travel

Redeem points for paid travel: 1 cent per “mile”

Capital One "miles" can be redeemed for paid travel at a rate of 1 cent per "mile". Travel purchases can be reimbursed by redeeming miles within 90 days of purchase. Note that Capital One keeps a fairly broad definition of travel, with things like flights, hotels, Airbnb, ride shares, cruises, and more qualifying. There is no minimum redemption if you are covering the charge completely with your "miles". If you are redeeming for a partial credit toward a travel purchase, the minimum is 2,500 miles. Also keep in mind that Capital One allows you to combine miles earned on each of their miles-earning cards as well as transfer to other cardholders with eligible miles-earning cards.

Some customers get “special hotel offers”

Capital One "miles" can be redeemed for gift cards for many popular merchants. Some cardholders with older Capital One miles-earning cards may additionally have the ability "Get Special Hotel Offers". If you happen to have a card with this option, you can redeem 64,250 Capital One "miles" for a $900 gift card with select hotel chains. See this post for more detail.

Transfer points

Capital One miles are transferable to a number of airline and hotel partners. Capital One plans to add more transfers partners on an ongoing basis.

Transfer to another Capital One miles-earning card

Capital One allows you to combine miles earned from all of your Capital One miles-earning credit cards. Additionally, Capital One allows transfers to any other cardholder who has a miles-earning Capital One card. This makes it very easy to combine miles to redeem for a valuable award.

Transfer Partners

Rewards ProgramCapital One Transfer RatioBest Uses
Accor Live Limitless1000 to 500Use to pay hotel bill with value of 2 Euro cents per point. In some cases (such as hotel to airline transfer bonuses) it may make sense to convert Accor points to the following airline miles at a 1 to 1 ratio: Finnair, Iberia, Qantas, or Virgin Australia
Aer Lingus Avios1 to 1 via BAFuel surcharges are sometimes lower when booking with Aer Lingus (Avios.com) rather than British Airways, Qatar, or Iberia. It's possible to move points (Avios) between Iberia, British Airways, Aer Lingus, and Qatar.  See also: Avios Sweet Spots for Award Tickets.
AeroMexico ClubPremier1 to 1AeroMexico is a SkyTeam partner. Club Premier points can be used to book flights on AeroMexico, SkyTeam alliance members (such as Delta or Korean Air), or on select partner airlines. Unfortunately many have reported that awards are extremely difficult to book through AeroMexico so we do not recommend transferring points to this program. If you want to fly AeroMexico, look to transfer points to another SkyTeam partner (such as Air France) and then book AeroMexico with that program.
Air Canada Aeroplan1 to 1Redeem for Star Alliance flights and/or flights with Air Canada partners (such as Etihad). No fuel surcharges; $39 CAD award booking fee; 5,000 points to add stopover on one-way award. See: Air Canada Aeroplan: Everything you need to know.
Air France KLM Flying Blue1 to 1Monthly Air France Promo Awards often represent very good value. Air France miles can be used to book Sky Team awards, including Delta awards. Air France often offers very good business class award pricing between the US and Europe & Israel.
Avianca LifeMiles1 to 1Avianca LifeMiles can be great for Star Alliance awards. They offer reasonable award prices and no fuel surcharges on awards. They also offer shorthaul awards within the US (for flying United, for example) for as few as 7,500 miles one-way. Best of all, their mixed-cabin pricing can lead to fantastic first-class award prices. See this post for details.
British Airways Avios1 to 1While flights on British Airways itself often incur outrageously high fuel surcharges, many BA partners charge low or no fuel surcharges. Excellent value can be had in redeeming BA points for short distance flights. It's possible to move points (Avios) between Iberia, British Airways, Aer Lingus, and Qatar. See also: Avios Sweet Spots for Award Tickets.
Cathay Pacific Asia Miles1 to 1Cathay Pacific has a decent distance based award chart, but they no longer allow stopovers longer than 24 hours. Cathay Pacific Asia Miles can be a good option for booking American Airlines flights with a distance based award chart, especially if other OneWorld Alliance miles aren't available. For long distance flights, it is possible to reduce the cost of a premium cabin award by adding on a lower cabin segment. See this post for details.
Choice1 to 1Choice Privileges points seem to be randomly valuable within the US, but dependably valuable internationally in expensive locations such as Scandinavia and Japan. Points can sometimes offer great value when used towards participating Preferred Hotels of the World.
Emirates Skywards1 to 1The best use of Emirates miles has been to fly Emirates itself. Unfortunately fuel surcharges can be steep. See: Emirates Sweet Spot Awards - First class from 30K miles round trip.
Etihad Guest1 to 1Etihad offers a distance based award chart for flying Etihad and another for its partners. Points may offer good value for expensive but short-distance flights.
EVA Air Infinity MileageLands1000 to 750If you want to fly one of the best business class products in the sky, the best way to snag EVA flights is with their own miles since they release more award space to their own members. One-way business class flights from the US to Taipei cost 75K to 80K miles. Fuel surcharges are very low on these routes.
Finnair Plus+1 to 1Award prices are quite high compared to competing programs. Interestingly, miles can be exchanged for tier points (towards elite status).
Iberia Avios1 to 1 via BAOn their own flights, Iberia offers low award prices and a very reasonable 25 Euro cancellation fee. Partner awards can offer good value under some circumstances as well, but these are usually nonrefundable. Fuel surcharges are sometimes lower when booking with Iberia rather than British Airways, Aer Lingus, or Qatar. It's possible to move points (Avios) between Iberia, British Airways, Aer Lingus, and Qatar. See also: Avios Sweet Spots for Award Tickets.
Qantas Frequent Flyer1 to 1Best use is probably for flights on El Al with no fuel surcharges. Also useful for short AA flights. Qantas offers distance based award charts similar to Cathay Pacific. Both are OneWorld Alliance members. I recommend comparing award prices across both programs before transferring to either. Qantas offers round the world business class awards for only 280,000 points (but with many restrictions)
Qatar Privilege Club Avios1 to 1 via BAQatar has reasonable award prices for flying Qatar itself. Points are now transferable 1 to 1 to British Airways (and from there to Aer Lingus or Iberia). It is now also possible to book JetBlue flights with Qatar Avios.
Singapore Airlines KrisFlyer1 to 1Use to book Singapore Airlines First Class awards (generally reserved for their own members), Alaska Airlines economy awards, or for Star Alliance awards (including United Airlines).
TAP Air Portugal1 to 1
Turkish Airlines Miles & Smiles1 to 1Miles & Smiles offers a number of awesome sweet-spot awards including 7.5K one-way anywhere within the US, even to Hawaii. Many awards cannot be booked online but can be booked via phone or email. See: Turkish Miles & Smiles Complete Guide and Turkish business class sweet spots from the US.
Virgin Atlantic Flying Club1 to 1Virgin Atlantic offers a few great sweet spot awards including US to Europe on Delta One business class for 50K points one-way. See: Best uses for Virgin Atlantic points (Sweet Spot Spotlight).
Wyndham1 to 1Wyndham often allows booking multi-room suites for the same price as a standard room. It's sometimes possible to get great value from points in that way. Bonus: award nights are not subject to resort fees. Additionally, you can book Vacasa vacation rentals for only 15K points per room per night. Wyndham Earner cards offer automatic 10% discount on award stays.

Other ways to redeem points

Capital One "miles" can be redeemed to reimburse travel purchases or transferred to airline partners. Additionally, they can be redeemed for gift cards or travel booked through the Capital One travel portal.  You'll usually get 1 cent per point value when redeeming for gift cards or travel booked through Capital One, but you'll only get half a cent per point in value when redeeming for cash back as a statement credit or via check.
You can also use points to pay some merchants directly (for example: Amazon.com).  Don't do this.  These options offer poor value. Further, they may compromise the security of your account (i.e. if someone hacks into your Amazon account, they might spend your Capital One "miles" - causing you a headache in getting your points reinstated).

Capital One® Venture® Rewards Credit Card Manage Points

Combine Points Across Cards

If you have multiple cards that earn Capital One "miles", you can freely combine those miles via your online account. This can be useful when you want to put together the miles for a valuable redemption in a single account.

Share Points Across Cardholders

Capital One allows cardholders to share points with any other customer who has a credit card that earns Capital One miles. There are no annual caps or limitations. To share points with another cardholder, you will need that person's credit card number. Simply call the number on the back of your card to initiate the transfer. Capital One miles transfer to other customers instantly.

How to Keep Points Alive

Thankfully, it is very easy to keep Capital One "miles" alive: simply keep the miles in an open Capital One miles-earning account and they will not expire. Note that if you close a Capital One miles-earning card, you will lose any miles associated with that card. You should either redeem your miles or move them to another card that will remain open as per the sharing section above before canceling.

Capital One® Venture® Rewards Credit Card Lifecycle

How to meet minimum spend requirements

Once you are approved for a Capital One card, you have three months to meet the required spend in order to get the welcome bonus. If your usual spend isn’t enough, check out this resource to find many more options for increasing credit card spend.

Keep, cancel, or product change?

Is this card worth keeping in the long run? If you are looking for a simple one-card solution that offers a reasonable return on everyday purchases, it might be. With a baseline redemption of 2 cents per dollar spent and the ability to also transfer to airline partners, this card offers just enough flexibility to make it worth considering as a lone card solution. However, keep in mind that there are long-term options on the market to earn 2% cash back with no annual fee and several cards that are even better in the first year. There are alternatively cards that offer bonus categories for more miles per dollar. The Venture card’s strength is in offering a combination that is less common in a single card.

Subscribe
Notify of
guest

This site uses Akismet to reduce spam. Learn how your comment data is processed.

21 Comments
newest
oldest most voted
Inline Feedbacks
View all comments
Chase

Any tips on how to use $200 avelo credit if there is no avelo airport nearby? Would be a hassle to use, but would love to not let it waste.

Anshul Goel

Looks like previous card holder have a 48month cool down period.

How does my spend bonus work?
You will earn 75,000 bonus miles if you spend at least $4,000 within 3 months of your rewards membership enrollment date. Once you qualify for this bonus, we will apply it to your rewards balance within two billing cycles. Existing or previous cardmembers are not eligible for this product if they have received a new cardmember bonus for this product in the past 48 months.

usernamechuck

No dice – rejected 🙁 I haven’t applied for many (personal) cards this year, but I have a number of cards open.

chris

Thanks, going to go apply with P2 as aveloair is not to far from us and with a $200 credit, we can use it for a long weekend away.

[…] Capital One® Venture® Rewards Credit Card: Good beginner card overall for solid rewards for all spend, plus the ability to transfer rewards to airline miles. The Capital One® Spark® Miles for Business is virtually identical and so would be a good alternative.  Unfortunately, Capital One business cards do not have the same advantages of other banks’ business cards.  Specifically, Capital One does report the new accounts and spend activity to the personal credit bureaus and so the Capital One business cards act just like personal cards and do count towards 5/24. […]

[…] Capital One Venture Rewards Credit Card Perks […]

[…] You can find a link to sign up, as well as much more information about the Capital One Venture Rewards card here: Capital One Venture Rewards. […]

[…] that make the program more confusing than its competitors. On the one hand, these ratios mean that Capital One® Venture® Rewards Credit Card and Capital One® Spark® Miles for Business cardholders will earn decent value for points in both […]

[…] Capital One® Venture® Rewards Credit Card: Great card overall for solid rewards for all spend, plus the ability to transfer rewards to airline miles. […]

[…] of transfer partners in late 2018. These days, Capital One “Miles” (earned via the Capital One Venture card or Capital One Spark Miles for Business card) have many valuable uses in addition to the […]

[…] the Venture and Spark Miles cards each earn two Capital One Miles per dollar spent, this bonus gives […]

[…] One’s recent transfer bonus to Air France has me thinking more about the Venture card (and it’s business twin: Spark Miles for Business).  The ability to earn 2 […]

[…] covered it. Through June 30, 2019, you can get a 20% point transfer bonus when transferring Capital One Venture or Spark Miles to Air France / KLM Flying Blue. That means the current bonus brings the ratio up […]

CaveDweller

Good Post once again . The Capital One Venture card that will be me in March. I need affordable stays in BA. .I hope it gos back to I think it was a 75K sign up awhile back
CHEERs

Owanzer Stafford

Link goes to 50K rewards offer instead of 75K.

Nick Reyes

Try clearing your cookies or opening it in a different browser. I had the same problem when I first changed the link here. I see the 75k offer when I click on it now.