Why the Capital One Venture Is a Good Fit for Points Newbies

Nov 21, 2019

Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. 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’re looking for a travel rewards card that earns 2x miles on everything so you don’t have to worry about figuring out which credit card to use for each purchase, the Capital One Venture Rewards Credit Card is a good fit. Here are three reasons why travelers that are new to travel rewards cards should consider the Capital One Venture Rewards Credit Card.

Simple earning structure

If you’re just starting out with credit cards and want to accrue points you can use for any airline seat or hotel room, the Capital One Venture Rewards Credit Card is a good card to start with.

Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel.

If you don’t want to fumble through your wallet at the gas station to find a card with bonus earnings, you’re guaranteed 2x with the Capital One Venture Rewards Credit Card there and everywhere else you use it. There is a single bonus category, which is 5x miles on every dollar spent on rental cars and hotels booked through Capital One Travel.

Easy travel redemptions

You may have heard about all the free or nearly free trips that frequent flyers get to take, but you may not be loyal to a single airline or fly that much. If that’s the case, a co-branded airline card wouldn’t be a good starter card.

If your eyes glaze over when people talk about alliances and value equations, then stick to trading in your miles for travel purchases, at least for now. It keeps things simple. You can redeem miles by booking travel through the Capital One travel site or pay with the card and erase the purchase with miles. And if you do decide you want other redemption options, you can transfer miles to one of Capital One’s airline partner partners.

Other travel perks

The Capital One Venture Rewards Credit Card also comes with some useful travel perks. There are no foreign transaction fees, which is great if you plan to travel overseas.

If you book your flights through Capital One Travel, you'll also have the option to purchase Cancel for Any Reason insurance. For a small fee, you'll be able to cancel your flight up to 24 hours before your flight's departure and get back most of the ticket cost.

You’ll also get a credit of up to $100 for Global Entry or $85 toward TSA Precheck every four years, which helps you get through airport security lines faster. This is a perk of many premium credit cards, but you don’t always find it on a card with such a low annual fee: $95.

The bottom line

The Capital One Venture Rewards Credit Card is not only good for travelers new to the points and miles hobby, but it’s also popular with seasoned rewards travelers because of its easy redemption options and welcome bonus. The new airline partners have sweetened the pot for miles collectors looking to maximize their rewards.

Also good for beginners: Your miles won’t expire as long as you keep your account open. You’ll want to keep that in mind when the fee comes due on the first anniversary. Either use your miles before you cancel your card or continue to build your rewards balance for a bigger travel redemption the following year.

How to maximize your rewards

You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2022, including those best for:

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.