5 Things to Do When You Get a Capital One Venture Card

Published
Profile photo of Rosemarie Clancy
Written by Rosemarie Clancy
Profile photo of Mary M. Flory
Edited by Mary M. Flory
Lead Assigning Editor
Fact Checked

Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.

If you recently added the Capital One Venture Rewards Credit Card to your wallet, you were likely motivated by countless commercials and celebrity endorsements over the years, luring you in with the promise of miles that can be used anywhere, anytime.

The opportunity to earn 2x miles on everything also sounds tempting. But the welcome bonus may have been the clincher in helping you decide to hit “apply.” Or maybe it was the 15+ airline transfer partners that put the Capital One Venture Rewards Credit Card on your radar.

Perhaps it was all of the above that got you to apply for this particular card. But now that you have it, here is a list of five things you should do with the Capital One Venture Rewards Credit Card.

1. Create an account or download the app

You should set up your Capital One account online so you can activate your new card, monitor your progress toward meeting the minimum spending requirement, track your rewards and ultimately redeem your miles.

It can also be a good idea to put your credit card account on auto-pay so you don’t miss a payment due date. We always recommend paying the full amount due each month so you don’t dilute the value of your rewards by paying interest.

2. Use the Global Entry or TSA Precheck application fee credit

This card offers a $100 Global Entry or $78 TSA PreCheck application fee credit every four years, which is pretty unique for a card with an annual fee of $95. Enrollment in these programs will help you get through airport security and immigration lines quicker. As long as you charge the application fee to this card, you will receive a statement credit.

3. Meet the minimum spending requirement to get the welcome bonus

Enjoy $250 to use on Capital One Travel in your first cardholder year, plus earn 75,000 bonus miles once you spend $4,000 on purchases within the first 3 months from account opening - that’s equal to $1,000 in travel. You should set monthly reminders for yourself so you can make sure you are on track to spending approximately $1,000 per month. If you’re not sure of your original application date, call the bank to check when the spending requirement needs to be met. You may also want to spend a bit more than the minimum, as you never know when a credit or chargeback may land on your bill and throw off your calculations.

Try to think of a few big charges, like insurance premiums, that may help you meet a chunk of the minimum spend requirement quickly. If you usually pay your utilities with a credit card, switching those payments to your Capital One Venture Rewards Credit Card will help you meet minimum spending requirements and build up your balance at 2 miles per $1 spent. Most cards only award 1 point per $1 for utility charges, so the Capital One Venture Rewards Credit Card is a great option if you want more rewards.

And don’t forget about charging car payments (if possible) and subscriptions like Amazon, streaming services, Uber and Grubhub to this card if you need help meeting the minimum spending requirement.

4. Familiarize yourself with your travel redemption options

You should know the various ways you can redeem your miles so you can take advantage of last minute deals with your miles, if an opportunity arises. The base value of a Capital One mile is 1 cent per mile when redeemed for travel booked through Capital One’s portal or for statement credits against travel purchases.

» Learn more:

Also, take a look at the Capital One transfer partners to see if transferring your miles will help you maximize value.

5. Remember your card anniversary

While you’re at it, set a calendar reminder a month in advance of your card anniversary. We know it’s a year away, but if you don’t track it somewhere, you’ll likely forget when the annual fee comes due. This is a good time to consider if the card has been worth the annual fee or not.


How to maximize your rewards

You want a travel credit card that prioritizes what’s important to you. Here are some of the best travel credit cards of 2024:

Capital One Cards from our Partners
Capital One Venture Rewards Credit Card

on Capital One's website

Capital One Venture Rewards Credit Card
4.7
NerdWallet Rating
Rewards rate

2x-5x

Earn unlimited 2X miles on every purchase, every day. Earn 5X miles on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options.

Miles

Intro offer

75,000

Enjoy $250 to use on Capital One Travel in your first cardholder year, plus earn 75,000 bonus miles once you spend $4,000 on purchases within the first 3 months from account opening - that’s equal to $1,000 in travel.

Miles
Capital One® SavorOneSM Cash Rewards Credit Card

on Capital One's website

Capital One SavorOne Cash Rewards Credit Card
5.0
NerdWallet Rating
Rewards rate

1%-10%

Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart® and Target®), plus 1% on all other purchases. Earn 8% cash back on Capital One Entertainment purchases. Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options. Earn 10% cash back on purchases made through Uber & Uber Eats, plus complimentary Uber One membership statement credits through 11/14/2024. Terms apply.

Cashback

Intro offer

$200

Earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening.

Capital One Venture X Rewards Credit Card

on Capital One's website

Capital One Venture X Rewards Credit Card
4.9
NerdWallet Rating
Rewards rate

2x-10x

Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights booked through Capital One Travel, Earn unlimited 2X miles on all other purchases.

Miles

Intro offer

75,000

Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel.

Miles
See more capital one cards
Get more smart money moves – straight to your inbox
Sign up and we’ll send you Nerdy articles about the money topics that matter most to you along with other ways to help you get more from your money.