Capital One Venture Card Review: Stress-Free 2% Rewards Card - NerdWallet
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Capital One Venture Card Review: Stress-Free 2% Rewards Card

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Capital One Venture Card Review: Stress-Free 2% Rewards Card

Capital One® Venture® Rewards Credit Card Editor's Rating: 4.5 / 5

If you’re the type of person who wants to have the best of everything, you might want to consider keeping the Capital One® Venture® Rewards Credit Card in your wallet.

With a huge sign-up bonus, a high ongoing rewards rate and flexible redemption options, you aren’t going to find many travel credit cards better than this one.

At a glance
Sign-up bonus Enjoy a one-time bonus of 40,000 miles once you spend $3,000 on purchases within the first 3 months, equal to $400 in travel
Rewards program Unlimited 2x miles per dollar on all purchases
Annual fee $0 intro for first year; $59 after that
Foreign transaction fee None
Verdict: If you love to travel and want big rewards, this one’s for you.
Good for:
  • Someone who travels internationally
  • Someone who wants flexible travel rewards
  • Someone who is looking for a large sign-up bonus
Bad for:
  • Someone who is interested in cash-back rewards.
  • Someone who doesn’t like to travel
  • Someone who does travel hacking

In this article

Capital One® Venture® Rewards Credit Card: The basics
Where the Capital One® Venture® Rewards Credit Card shines
What 2X earnings means for you
Where the Capital One® Venture® Rewards Credit Card falls short
The Capital One® Venture® Rewards Credit Card versus the competition
Is the Capital One® Venture® Rewards Credit Card right for you?

Capital One® Venture® Rewards Credit Card: The basics

If you have an incurable case of wanderlust and don’t want to be tied down to a specific airline or hotel brand, the Capital One® Venture® Rewards Credit Card has what you’re looking for. First, it gives you a nice kickstart with its sign-up bonus: Enjoy a one-time bonus of 40,000 miles once you spend $3,000 on purchases within the first 3 months, equal to $400 in travel. After that, you earn unlimited 2x miles per dollar you spend on purchases.

Capital One® Venture® Rewards Credit Card

Apply Now on Capital One's secure website

Pros

  • High rewards rate
  • No foreign transaction fee
  • Flexible redemption for travel

Cons

  • Has annual fee

Bonus Offer

Enjoy a one-time bonus of 40,000 miles once you spend $3,000 on purchases within the first 3 months, equal to $400 in travel

Annual Fee

$0 intro for first year; $59 after that

Intro APR Promotions

None

APR

  • APR: 13.24% - 23.24% (Variable)

Card Details

  • Enjoy a one-time bonus of 40,000 miles once you spend $3,000 on purchases within the first 3 months, equal to $400 in travel
  • Earn unlimited 2X miles per dollar on every purchase, every day
  • Fly any airline, stay at any hotel, anytime
  • Travel when you want with no blackout dates
  • Miles don't expire and there’s no limit to how many you can earn
  • No foreign transaction fees
  • $0 intro annual fee for the first year; $59 after that

Like all Capital One credit cards, there are no foreign transaction fees, making international travel a little less expensive. Also, its annual fee — $0 intro for first year; $59 after that — is low compared with most travel credit cards.

Where the Capital One® Venture® Rewards Credit Card shines

The Capital One® Venture® Rewards Credit Card offers a few features that make it a Nerd favorite:

High-rolling rewards: On its own, the sign-up bonus is enough to make the Capital One® Venture® Rewards Credit Card attractive. When you add unlimited 2x miles per dollar spent and a 1 cent per mile value when redeemed for travel, you can see why this card is among the elite. Whether you want to travel the world or visit family halfway across the country, the Capital One® Venture® Rewards Credit Card’s high rewards rate will get you there faster than most travel credit cards.

Flexibility: Capital One’s Rewards program gives you two choices for travel redemption. First, you can use its platform to find deals on flights, hotels, rental cars or all-inclusive vacation packages. The other option is to book your travel elsewhere and use Capital One’s Purchase Eraser® to get a statement credit for your flight or hotel spend.

What sets the Purchase Eraser® apart from other travel redemption features on other travel cards is that there is no minimum for full travel statement credit redemptions, and only a 2,500 mile minimum for partial travel credit redemptions. For example, if you buy a plane ticket for $300, you can redeem as little as $2.50 worth of miles toward a partial statement credit. Whether you choose to book through the rewards travel platform or get a statement credit, you have the freedom to choose your own travel plan and aren’t restricted to using your rewards with just one airline or hotel chain.

Major travel perks: If the rewards and flexibility aren’t enough for you, the Capital One® Venture® Rewards Credit Card’s extra travel perks should sweeten the pot. Most importantly, the card has no foreign transaction fees, which will come as a relief to international globetrotters. Plus, you could get additional travel benefits that come with Visa Signature cards. If you qualify, these include 24/7 concierge service, complimentary upgrades, travel accident insurance, rental car insurance, lost luggage reimbursement and roadside assistance.

These advantages make the Capital One® Venture® Rewards Credit Card a great travel companion.

What 2x earnings means for you

It’s easy to throw out the 2x figure and move on, but let’s take a look at what it means for you. Let’s say you use your Capital One® Venture® Rewards Credit Card for groceries, gas and fun to the tune of $1,000 a month. Because you’re earning 2x miles per dollar spent — regardless of where you’re dropping your coin — you’ll earn 2,000 miles every month.

That’s 24,000 miles every year for a total of $240 in travel rewards, just for using the Capital One® Venture® Rewards Credit Card instead of cash or a debit card. That amount could be enough to pay for a roundtrip flight, or a weekend stay at a hotel. The more purchases you make with your card, the higher your potential annual rewards.

Nerd note: We know how exciting it is to see the potential rewards from using your credit card, but the Nerds recommend keeping a monthly budget and sticking to it. Overspending for the sake of rewards will likely negate the benefits of the points or miles you’re earning.

Where the Capital One® Venture® Rewards Credit Card falls short

Even champions can’t be perfect. The Capital One® Venture® Rewards Credit Card lacks in a couple areas:

Poor cash-back rewards: The Capital One® Venture® Rewards Credit Card’s strength lies in its travel benefits. If you want to use your miles for cash back or a statement credit for non-travel purchases, your miles are worth only half as much as if you were to redeem them for travel. This can be an issue if you’re not too keen on travel or you would like to diversify your rewards.

Difficult to “hack”: For sophisticated travel hackers trying to squeeze every last drop of value out of a frequent flier program, the Capital One® Venture® Rewards Credit Card’s straightforward rewards isn’t conducive to the hacking strategy. It doesn’t allow you to transfer your miles to a travel partner or have any other loopholes to multiply your rewards. In short, what you see is what you get.

The Capital One® Venture® Rewards Credit Card vs. the competition

Though not without flaws, the Capital One® Venture® Rewards Credit Card stands tall among travel credit cards. However, you may find another card that suits you better, such as one of these:

Capital One® Venture® Rewards Credit Card vs. Chase Sapphire Preferred®

Chase Sapphire Preferred®

Apply Now on Chase's secure website

Pros

  • A large bonus
  • No foreign transaction fee
  • Cool factor - metal card
  • Rewards redemption bonus through Ultimate Rewards

Cons

  • Has annual fee
  • Best for savvy travelers

Bonus Offer

Earn 50,000 bonus points when you spend $4,000 on purchases in the first 3 months from account opening

Annual Fee

Introductory Annual Fee of $0 the first year, then $95

Intro APR Promotions

None

APR

  • APR: 16.24%-23.24% Variable
  • Cash Advance APR: 25.24%, Variable

Card Details

  • Earn 50,000 bonus points when you spend $4,000 on purchases in the first 3 months from account opening. That's $625 in travel when you redeem through Chase Ultimate Rewards®
  • Named a 'Best Credit Card' for Travel Rewards by MONEY Magazine
  • 2X points on travel and dining at restaurants & 1 point per dollar spent on all other purchases
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • $0 foreign transaction fees, plus chip-enabled for enhanced security and wider acceptance when used at a chip card reader
  • 1:1 point transfer to leading frequent travel programs at full value - that means 1,000 Chase Ultimate Rewards points equal 1,000 partner miles/points
  • Travel and shop with confidence with premium Travel and Purchase Protection Benefits, including Trip Cancellation/Trip Interruption Insurance, Auto Rental Collision Damage Waiver, Purchase Protection and more
  • Introductory Annual Fee of $0 the first year, then $95

One card usually has strengths that tackle another’s weaknesses, and the Chase Sapphire Preferred® does just that. For starters, experienced hackers can work their magic because of the option to transfer points to participating frequent traveler programs at a 1:1 ratio. But you can also use your points to book a trip directly with Chase’s Ultimate Rewards travel tool. If you choose this route, your points will rise in value from 1 cent to 1.25 cents apiece. For those looking for more non-travel flexibility, you can redeem points as cash back to your Chase checking or savings account (each point will be worth 1 cent).

The Chase Sapphire Preferred® also offers a nifty sign-up bonus: Earn 50,000 bonus points when you spend $4,000 on purchases in the first 3 months from account opening, which could be worth $625 in travel purchases if you book through the Ultimate Rewards portal. The ongoing rewards rate is 2X points on travel and dining and 1X point on all other purchases.

Between the rewards and the Chase Sapphire Preferred®’s Introductory Annual Fee of $0 the first year, then $95, the Chase Sapphire Preferred® has a better short-term value proposition, even for people who aren’t interested in hacking. Also, if you spend a lot on travel and dining, the Chase Sapphire Preferred® is compelling for the long term. But if you don’t travel or eat out often, you may be better off with Capital One® Venture® Rewards Credit Card because of its higher everyday purchase rewards rate.

Capital One® Venture® Rewards Credit Card vs. Discover it® Miles-Double Miles your first year

Discover it® Miles-Double Miles your first year

Apply Now on Discover's secure website

Pros

  • High rewards rate
  • No annual fee
  • 10.99% for 12 mos on transfers
  • No foreign transaction fee

Bonus Offer

We'll DOUBLE all the Miles you've earned at the end of your first year. So if you've earned 20,000 Miles, we'll double it to 40,000 Miles - Automatically. Only for new cardmembers.*

Annual Fee

$0

Intro APR Promotions

0% on purchases for 12 months and 10.99% on balance transfers for 12 months

APR

  • APR: 11.24% – 23.24% Variable*
  • Cash Advance APR: 25.24%, Variable

Card Details

  • We'll DOUBLE all the Miles you've earned at the end of your first year. So if you've earned 20,000 Miles, we'll double it to 40,000 Miles - Automatically. Only for new cardmembers.*
  • No annual fee* & unlimited 1.5x Miles on every dollar you spend on purchases. 0% intro APR* on purchases for 12 months—then a variable purchase APR applies, currently 11.24% – 23.24%.
  • Discover pays you back for your in-flight Wi-Fi fees—up to $30 a year—with an automatic statement credit.*
  • 100 Miles = $1 value. Redeem Miles in any amount toward travel purchases on your statement. Or get cash as a direct deposit to your bank account.*
  • Freeze It℠ on/off switch lets you prevent new purchases, cash advances & balance transfers on misplaced cards in seconds by mobile app & online.* Plus get 100% U.S.-based service.
  • Track your recent FICO® Credit Scores for free in one easy-to-read chart on monthly statements & online.*
  • Free overnight shipping of replacement cards to any U.S. street address at your request.* And you’re never responsible for unauthorized purchases on your Discover card.
  • Click "Apply Now". *See rates, rewards, FICO® Credit Score terms & other information.

Although the Discover it® Miles-Double Miles your first year is new to the travel rewards game, it’s still a force to be reckoned with. Like the Capital One® Venture® Rewards Credit Card, you redeem rewards in the form of a statement credit for travel-related purchases. The biggest difference is the Discover it® Miles-Double Miles your first year’ sign-up bonus: We'll DOUBLE all the Miles you've earned at the end of your first year. So if you've earned 20,000 Miles, we'll double it to 40,000 Miles - Automatically. Only for new cardmembers.* That’s a virtually unlimited sign-up bonus. Also, the Discover it® Miles-Double Miles your first year’ annual fee is $0, which is impressive for a card of this caliber and attractive to the fee-averse.

The Capital One® Venture® Rewards Credit Card outshines the Discover it® Miles-Double Miles your first year in its ongoing rewards rate. The Discover it® Miles-Double Miles your first year offers unlimited 1.5x miles on every purchase, which is high, but not as high as the Capital One® Venture® Rewards Credit Card’s 2x miles rate.

If you’re a heavy spender, you’ll likely get a bigger sign-up bonus with the Discover it® Miles-Double Miles your first year. But the Capital One® Venture® Rewards Credit Card’s higher ongoing rewards rate might be more interesting if you’re keeping the card for the long run.

Capital One® Venture® Rewards Credit Card vs. Barclaycard Arrival Plus™ World Elite MasterCard®

Barclaycard Arrival Plus™ World Elite MasterCard®

Apply Now on Barclaycard's secure website

Pros

  • High rewards rate
  • 0% on balance transfers for 12 months (must be completed within first forty-five days of account opening)
  • No foreign transaction fee

Cons

  • Has annual fee

Bonus Offer

Earn 40,000 bonus miles when you spend $3,000 or more on purchases in the first 90 days from account opening.

Annual Fee

$89 - Waived first year

Intro APR Promotions

0% on balance transfers for 12 months (must be completed within first forty-five days of account opening)

APR

  • APR: 16.24% or 20.24%* Variable
  • Cash Advance APR: 25.49%, Variable

Card Details

  • Earn 40,000 bonus miles after you spend $3,000 on purchases in the first 90 days — that's enough to redeem for a $400 travel statement credit
  • Earn 2X miles on all purchases
  • Get 5% miles back to use toward your next redemption, every time you redeem
  • Chip card technology, so paying for your purchases is more secure at chip-card terminals in the U.S. and abroad
  • No foreign transaction fees on anything you buy while in another country
  • 0% introductory APR for 12 months for each Balance Transfer made within 45 days of account opening. After that, a variable APR will apply, currently 16.24% or 20.24%, depending on your creditworthiness.
  • Complimentary online FICO® Credit Score access for Barclaycard Arrival cardmembers

These two cards are similar in almost every way. Both have comparable sign-up bonuses and rewards rates, no foreign transaction fees and flexible redemption options. However, there are a couple differences worth noting.

With the Barclaycard Arrival Plus™ World Elite MasterCard®, you get 5% back on all miles you redeem. However, you must have at least 10,000 miles to start redeeming with the Barclaycard Arrival Plus™ World Elite MasterCard®. It also doesn’t allow you to book travel through its site, making redemption less convenient.

Fee-conscious people will be interested to know that Barclaycard Arrival Plus™ World Elite MasterCard® has an annual fee of $89 - Waived first year, making the Capital One® Venture® Rewards Credit Card a little more appealing on that front. But overall, we’d give the Barclaycard Arrival Plus™ World Elite MasterCard® a slight edge due to the higher rewards rate.

Is the Capital One® Venture® Rewards Credit Card right for you?

If you’re serious about travel, the Capital One® Venture® Rewards Credit Card should be on your radar. With one of the highest sign-up bonuses and ongoing rewards rates on the market, it can go toe to toe with any other travel card on the market. It’s especially a good option if you want flexibility or if you travel internationally. Plus, its low annual fee should appeal to the frugal crowd.

But depending on your needs, other travel credit cards may be a better choice. The Nerds recommend you explore all your options before applying.

Ben Luthi is a staff writer covering personal finance for NerdWallet. Follow him on Twitter @benluthi and on Google+.


Image via iStock.

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  • standardcake

    How come the Chase AARP card is never mentioned in NerdWallet’s travel categories? It offers 3% cash back on all travel-related purchases: flights, hotels, car-rental, etc.

  • KC

    Miles are worth between 1/2 and 3/4 of a cent now a days. Fidelity Rewards (visa = 1.5% or amex=2%) wins.

  • http://www.facebook.com/josh.i.williams Josh IceCream Williams

    Does anyone at NerdWallet know if there’s going to be a better signup bonus for the Venture Rewards some time during 2013 than the one that currently stands? I know it’s been better in years past.

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  • S. Brown

    Do you have any advice on a card with 2% rewards for someone with excellent credit that also waives the foreign transaction fee and has no annual fee? I have never had a credit card before, using only a credit union debit card as a means of managing my finances (you can’t spend what you don’t have that way, right?). However, I would like to get a credit card to use for international travel, to avoid the foreign transaction fee. I would also like a card with a great rewards system and no annual fee/low annual fee (I think). I have excellent credit. I would love to go with the Fidelity Visa card, with 2% rewards, but they don’t waive the foreign transaction fees. The only other option seems to be the CapitalOne cards, but I’m hoping for something better/with no fee. Also, should I be looking for a card with EMV chip-and-sign compatibility? Can you help? Thank you!!

  • Loïc Pavard

    Hi There, I am french and I was wondering the following about the Capital One Venture card :

    1. Being fiscally resident in France, am I available to apply for this card ?

    2. Is this card ncessarly associated to a Capital One Bank account or can you apply for this card to be associated to a foreign bank account (in France for example)

    I just can’t figure it out by my own with the available info on their website.

    Thank you

  • Dan Roberts

    PenFed Platinum Rewards is the best rewards card if you can qualify for it. 5% on gas, 3% on groceries 1% on everything else. No annual and no foreign transaction fees.

    • http://www.nerdwallet.com/ NerdWallet

      Great point, Dan! Anecdotally we’ve heard that it’s nigh impossible to qualify for, requiring beyond-excellent credit.

    • http://www.nerdwallet.com/ NerdWallet

      Great point, Dan! Anecdotally we’ve heard that it’s nigh impossible to qualify for, requiring beyond-excellent credit.

    • Cash

      How do you feel now about your PenFed crap card?

  • Dan Roberts

    PenFed Platinum Rewards is the best rewards card if you can qualify for it. 5% on gas, 3% on groceries 1% on everything else. No annual and no foreign transaction fees.

  • Cash

    2% Priceline Visa is the King of all 2% rewards cards (for those who have it). Not offered anymore. 2% straight cashback or up to 3% cash back if redeemet for name your own price purchases.

  • http://www.nerdwallet.com/ NerdWallet

    It’s definitely worth a shot! Different issuer, but I got the Chase Freedom when it had a $200 signup bonus and they upped it to $300 a week later. I called and asked for the $300 bonus, and they said yes.

  • Joseph Lee

    I keep seeing recommendations like this but I’m pretty sure the Barclays doesn’t work on business purchases. Can you confirm?

  • Shelby Hilliard

    Wondering what the best card for me is. I am ultimately looking fr something to help with flight costs and have been debating Venture rewards versus Sapphire. Im not sure I will be able to spend 3K in 3 months so I wonder if either is really good for me anyway. Thoughts?

    • CJ Pellerano

      Hey Shelby, a great way to get around the spending limit is to paypal yourself using the card through a friend, you’ll pay a small fee (a few extra dollars) but you’ll have no problem getting the big bonus

  • Shelby Hilliard

    Wondering what the best card for me is. I am ultimately looking fr something to help with flight costs and have been debating Venture rewards versus Sapphire. Im not sure I will be able to spend 3K in 3 months so I wonder if either is really good for me anyway. Thoughts?

  • Americanitis

    The Capital One Venture card now comes with a EMV chip I just got my renewed card in the mail today.

  • John Curry

    I currently have an Alaska Airlines card and charge about everything I can to it. I get double miles on Alaska purchases but only single (1 to 1) on everything else. I’ve been accumulating over 60K miles per year as such. Although with the Alaska card I do get an annual companion fare coupon (a little over $100 each which saves a lot…@ $300-$500 a year) getting double miles on ALL purchases likely makes more sense. Also, as I understand it, I could use miles earned with the Venture card on any airline. And that is my question: currently my miles are Alaska miles and it is easy to redeem when flying Alaska of any of their partner airlines and making reservations on Alaska’s website How does one use/transfer the Venture miles when making airline reservations? Thanks in advance!

    • Chris Dante

      John, that’s a great question. I am in the same boat and would like to figure this out before applying. What I found on their web page sounds a little bit convoluted – maybe someone how actually owns the card could shine some more light on this.
      Here is the info I got:

      “(…)You have two ways to redeem your miles for travel:

      Redeem for past travel purchases using Purchase Eraser®

      Simply book your travel through your favorite travel website, travel
      agent, or other travel resource using your No Hassle Rewards card. Then,
      go online at capitalone.com or call our Rewards Center to use our
      Purchase Eraser feature to redeem your miles and receive an account
      credit for the cost of your travel purchase.

      Purchase Eraser redemptions must be made within 90 days from the date
      your travel purchase posts to your account. Your account credit is
      usually applied to your balance within 2 to 3 business days after the
      redemption.

      Book new travel reservations

      Go online to capitalone.com or contact our Rewards Center to book your
      flight, car rental or hotel and use your miles to pay for your travel.

      The number of miles needed for travel redemption varies and is based upon the cost of the travel purchase. Here is how it works:

      Simply multiply the cost of your travel purchase by 100. For example, if
      your travel purchase costs $200, you would multiply that by 100 to
      determine you need 20,000 miles to redeem.

      If your travel transaction includes taxes, surcharges, and fees, these
      expenses will be included in the overall calculation to determine how
      many miles are required for redemption. Separately itemized travel
      transactions on your statement cannot be combined for a single
      redemption. Please note that Capital One has no control over how
      merchants itemize and charge related transactions. (…)”

  • John Curry

    I currently have an Alaska Airlines card and charge about everything I can to it. I get double miles on Alaska purchases but only single (1 to 1) on everything else. I’ve been accumulating over 60K miles per year as such. Although with the Alaska card I do get an annual companion fare coupon (a little over $100 each which saves a lot…@ $300-$500 a year) getting double miles on ALL purchases likely makes more sense. Also, as I understand it, I could use miles earned with the Venture card on any airline. And that is my question: currently my miles are Alaska miles and it is easy to redeem when flying Alaska of any of their partner airlines and making reservations on Alaska’s website How does one use/transfer the Venture miles when making airline reservations? Thanks in advance!

  • Albanian

    I travel every year to Europe,and always paid cash,which is pretty hard because i am a midd class,work in a factory 55-65 Hrs per Week,just so i can meet ends. Can someone please explain to me:
    1)would it be better for me to get one of this Travel cards and pay with it with card(instead cash)
    2)which card would be the best.
    Thank you,it would be a big relief for me,cuz my family lives in Kosovo so i need to go see them every year. Thank you

  • erikjohnnn

    I just received this card in the mail yesterday, less than a week after being accepted. The card has the EMV chip and works with Apple Pay which is cool to use. Some specifics about miles and redemption that I had and thought I’d share after asking their customer service rep: Any travel-related expense made on the card can be paid off with miles in your account until 90 days from the purchase date. They have a travel booking site where you can pay directly with miles, but you don’t have to use it. You do need to have enough miles to cover the entire purchase in order to redeem. The purchases that qualify as “travel” seem to be pretty broad: airfare, hotel, train tickets, rapid transit cards, any taxi or Uber ride, and more that I haven’t thought of to ask their reps… BTW, it’s easy to chat to a rep through the web site if you have questions about any of this. If purchases are really as easy to cover with miles as people say, I will be very happy with this card!

  • MM

    not sure which airline do you fly with but this and barclays would be one of the better ones. If you fly BA take a look at the BA card too. Yes its better to get the card because you get 2% back (only like $20 on $1000 ticket) but it adds up if you use it everywhere.

  • bvaccaro781

    What are the explicit advantages of using this card over something like the Citi doublecash?–with the same rewards rate. More flexible redemption options, and no annual fee, am I missing something?

    No transaction fees is great, but if you spend anything less than 10% of your time stateside, it seems like going with the free option here (CapitalOne VentureOne) while abroad and sticking with doublecash during your daily use, you will come out ahead.

  • Will

    I applied for the Capital One Venture card and was accepted for it but after making two purchases my card was put on hold for “suspicious activity” and upon calling Capital One they told me I had to either send them copies of my identification or go to a local bank and have the bank call them to confirm my identity which I was told would only take five minutes. Because the process was supposed to be so quick I went to a bank where I’m not a customer at since it was the closest one and the identification process took 20 minutes which is ridiculous since Capital One was using the bank’s resources and making other customers wait just so they can try to increase their bottom line.

    Capital One must place a ton of trust in bankers since after they were finally able to look up my account they had the banker read off the personal information on my license, including my social security number which wasn’t on my card thankfully, and then they called the bank and had a teller tell my banker to answer the phone to ensure they were in fact speaking to someone at the bank. Making customers and banks play games like this so a card issuer can get free fraud protection is wrong and something the banker had never encountered in her years of experience. Because of this invasive verification technique I will be very reluctant to get another Capital One card and will be cancelling this one after I take advantage of my welcome offer since they violated my relationship with them almost immediately by treating me much more like an identity thief than a valued cardholder.

  • Ibrahim DC

    I have a question! If I convert Venture to VentureOne to avoid annual fee, do the miles carry over? That is if I get the sign up bonus of 40,000 miles and say earn another 20,000 from spending over an year, would that 60k miles carry over to the VentureOne or would I lose that ?I have a question! If I convert Venture to VentureOne to avoid annual fee, do the miles carry over? That is if I get the sign up bonus of 40,000 miles and say earn another 20,000 from spending over an year, would that 60k miles carry over to the VentureOne or would I lose that?

  • KG

    I called Capital One and they told me that the Venture card is only for individuals, not used as a corporate card for all staffers. Is this true? We are in serach of a better corporate card for staffers in a small business that gets better reward points for travel, ect. Any suggestions?

  • Davewise

    Does anyone know if the “travel expenses” which the rewards can be redeemed against include purchases on travel sites such as Expedia, Orbitz, Travelocity, etc?

  • Micaela H

    I’m debating whether or not to get this card. I don’t travel for work, but I don’t live near my family anymore and don’t the money to visit them frequently. I’m able to work remotely on occasion and would love to start taking advantage of that. I also love to travel abroad when I’m able to, which is about once a year. I think this card would be great because I can get lots of rewards miles, but I’m wondering what the downsides are for my specific situation?

  • margarethenney

    I’m planning on spending a year abroad traveling to a variety of different countries and wondering if this is the best card for me. It’s important for me to have a card with no international fees, but I do worry about spending the $3k in the first three months. Also – this may be a silly question – but can I use the card at banks/ATMs to get cash out? Or would I need to use a bank/debit card for that? If I can use it to get cash out, does that mean the ATM fees are waived as well? Thanks for your help!

  • Syeb

    One point strongly in favor of the Venture vs. the Barclays Arrival+ is that Venture points are easily and instantly transferrable. So my wife and I can use our individual cards and combine them to pay for a big air ticket, hotel room, etc.

    Barclays is not transferable.

  • JCD

    Hi, the review says you can redeem partial credits but your comment says you do need enough miles to cover the entire purchase. Can anyone confirm which one is it?

  • Michelle Vona

    Do any of these cards offer “rewards” if you transfer balances upon signing up?

    • Berneigh

      No cards offer rewards on balance transfers

  • brooke

    BEWARE if you are signing up hoping to receive the bonus miles for spending $3,000 in three months. They start your “three months” once you have been approved not once you receive and activate the card. Which means you lose out days to actually accrue spending dollars because you do not have the card in your possession to actually spend. I got approved February 28th, however did not receive my card until March 11th. I lost eleven days to spend due to the fact that they start your 90 days once you been approved NOT once you can actually spend. This is FALSE ADVERTISING. I did not get 90 days to spend, I got 79 days. When I called to explain the issue to customer service they were rude and said there was nothing they could do because I do not spend enough money with this company. I then asked to speak to a manager who did not even look into my account because he stated I wasn’t even close to hitting that mark. He stated I had only spent $1,200- which I informed him was false. He then proceeded to be condescending and informed me I “better start spending” and he could put a claim in but from what he has seen “these kind of claims are always denied”. I will not recommend this card to anyone
    in the future.

    • Jacqueline

      When you were approved, did they send you the card number immediately so you could make online purchases? I find their “90 day” lie of a policy annoying, but I still think it’s the best card for me, so I’m trying to be strategic about when I apply. Thanks for the warning!

    • Berneigh

      That’s the case with every card.

  • Stacey W.

    If you typically like to use miles to fly in Business Class, it seems this redemption is not greatest. For example, Biz class ticket to London is going to be about $7000.00 which would require 700,000 miles with Cap One if I’m understanding correctly. But, if you tx miles to FF program, it would take about 120,000 miles for a free round trip ticket. A free coach ticket would be about 60,000 miles vs about 120,000 with Cap One based on $1200 London ticket. Granted, you have to deal with crazy limited availability of tickets using mileage, but that’s a huge difference in miles. So NerdWallet, which card do you think is best for transferring to FF miles on most number of airlines?

    • ThatOneGuy

      They are essentially giving you 1.25% cash back and calling it miles.

  • Desdemona3

    Do NOT get this card!!! They use a ridiculous fraud prevention algorithm that keeps declining my purchases and it’s incredibly frustrating! It’s a travel card, for pete’s sake, and they freak out when they see international purchases! They had declined some reservation I made in Peru like a month ago, and I had to call to get that straightened out, but then they declined a reservation for Machu PIcchu tickets last night. I called and they assured me there was now an alert on my account and that it would go through next time. So I tried again, maybe an hour after I spoke with them, and it was declined again!!! I called back and at first they tried to deny it, but you know they decline it because they send an email immediately. So she finally admitted they declined it a second time and she admitted that it’s all automatic? But she had me try again while I was on the phone with her, and it was declined a third time. This time she said it wasn’t on their end and that the company was probably declining it due to too many attempts!!! I suspect she is right because I did not get an email from Capitol One the third time around. So now I have contacted the company and am waiting to hear back. But still, if the company agrees to accept the payment next time, how do I know Capitol One won’t decline it again?!?! It’s an algorithm that is clearly out of control! So don’t do it–it’s not worth it!!! They also put a stop on my husband’s card after he made two purchases at the same store in the same day. It’s ridiculous!

  • phonebanshee

    Ignore everything they say about “miles” – think of them as “pennies.” There are some tiny hoops you need to jump through to actually turn them into pennies, but they really are tiny.

  • wokkawokka

    I have the Chase Sapphire card and the Capital One Venture card (not the Discover it card) I think the Chase Sapphire card is hands down a better card. First off, the car rental insurance is way better than what capital one offers. Chase offers unlimited insurance (no matter how many days rented) in every country. Capital one is limited to 2 weeks and blackouts many countries. The Chase Sapphire also has many perks, such as every Friday of the month, movie tickets and the 3rd one is free

  • Karel Camacho

    Coming from someone who has used both the Chase Sapphire Preferred and the Citi ThankYou Premier cards, I can easily say the Capital One Venture is BY FAR the best travel card I have used and best credit card I have ever owned.

    Why do I put it above the Sapphire Preferred?….Many will say a great benefit from the CSP is the transfer partners and bargain on using the UR points for booking airline award seats…..well……COUNTLESS times I have tried booking a reward flight with my Sapphire Preferred and its transfer partners on specific dates I was able to take off from my job and those award seats were not available on the flights I wanted and the dates I wanted. I got SICK and tired of that.

    Second, the 20% bonus on points when redeeming for trips with Chase is absolutely useless because:
    1-20% bonus is not more than the flat 2x points you get with the Venture all year round. You will earn way more miles/points with the Venture. Yes Chase has a shopping portal with specific merchants to choose from, but in the end you will not earn more than the Venture in one full year because again, the Venture is 2x points/miles for EVERY and ANY purchase made.

    2-Chase shopping portal does NOT combine Hotels+Flights as package deals like Expedia/Orbitz/Travelocity etc. etc. Quick example, I just booked a flight and hotel package to Iceland with Expedia. The total trip cost was $2100…..Chase shopping portal does NOT have hotel+flight package. You must book flight and then hotel separately. If I would have done it this way, the cost with Chase would be $2900.
    That is a $800 difference that no 20% bonus can justify.

    The only category the CSP beats the Venture is Trip Insurance protection, but personally I don’t see it as a big deal.

    When compared to the Citi ThankYou Premier, it has pretty bad airline transfer partners. Noticeably worse than Chase which has a nice lineup of partners. Plus, the 25% bonus for ThankYou points only counts when you redeem for a flight purchase, not cruises, hotels, car rentals, etc.

    With my Venture, I earn miles/points as I use the card. I do not have to wait for a statement to close for me to earn them, so this makes it easy to instantly earn miles for a trip you book, and then use the 2% miles of that trip cost to offset the trip charge using the Purchase eraser.

    I no longer have to shop around and look for award seats for specific dates and flights. I just book whatever I want, wherever I want, whenever I want…..and best of all….still earn specific airline miles/hotel points on flights/hotels I purchase.

    Last, a great feature: their fraud prevention. I made a $3200 purchase for a TV in Best Buy a few days ago, about 10 min later I get an email from Capital One confirming if I made that purchase? I just click the OK button in the e-mail and I am all set. It lets Capital One know it was me and my account is taken care of.

    I give this card a perfect 10.