Capital One Venture Review: Easy Earnings, Effortless Redemptions

Earn 2 miles per dollar spent on everything. Redeem miles (at 1 cent apiece) for credit on your statement against any travel purchase, with none of the restrictions of airline cards.
Sara RathnerAug 17, 2021

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Our Take

5.0

NerdWallet rating 

The bottom line: A big sign-up bonus, high rewards and flexible redemption make this card worth the annual fee.

Best Flat-Rate Travel Credit Card

Capital One Venture Rewards Credit Card

on Capital One's website

Annual fee

$95

Regular APR

15.99% - 23.99% Variable APR

Intro APR

N/A

Recommended Credit Score

Quick Facts

Pros & Cons

Pros

  • High rewards rate
  • Flexible rewards redemption

Cons

  • High annual fee
  • Rewards have limited flexibility
  • Requires good/excellent credit

Alternate Pick: No Annual Fee

Bank of America Travel Rewards® Credit Card
NerdWallet rating 

Bank of America® Travel Rewards credit card

A great travel rewards card with no annual fee

With no annual fee, this card gives you 1.5 points for every $1 you spend. It comes with a sign-up bonus and points are redeemable for statement credit against any travel expense.

Read our review

Compare to Other Cards

NerdWallet rating 
NerdWallet rating 
NerdWallet rating 
Annual fee

$95

Annual fee

$95

Annual fee

$0

Regular APR

15.99% - 23.99% Variable APR

Regular APR

15.99% - 22.99% Variable APR

Regular APR

11.99% - 22.99% Variable APR

Rates & Fees

Intro APR

N/A

Intro APR

N/A

Intro APR

0% intro APR on Purchases for 14 months and 10.99% intro APR on Balance Transfers for 14 months

Recommended Credit Score
Recommended Credit Score
Recommended Credit Score

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Full Review

The  is one of the most popular credit cards on the market — and not just because it's one of the most heavily advertised. Unlike the airline-branded cards it was designed to compete against, it pays a high rewards rate on every purchase (not just on travel spending), and you can use its rewards to pay for any travel expense, without any restrictions on when you travel, which airline you fly or which hotel you stay at. Throw in a big bonus for new cardholders, and it's no wonder this card is a favorite of so many people.

If you want travel rewards that are easy to earn, easy to understand and nearly effortless to redeem, you aren't going to find many travel credit cards better than this one.

Card type: .

Annual fee: .

Sign-up bonus: .

Rewards: Unlimited 2 miles per $1 spent on all purchases.

Redemption options:

Interest rate: .

Foreign transaction fees: None.

Other benefits:

(Note: Benefits may change over time.)

While most branded airline cards earn only 1 point per dollar on most purchases other than those you make with the airline, the keeps it simple. You’ll earn an unlimited 2 miles per dollar on all purchases.

The gives you a head start on your next trip with its bonus offer for new cardholders: .

Capital One's rewards program gives you several ways to use your miles for travel:

The offers additional benefits frequent travelers will enjoy:

(Note: Benefits may change over time.)

» MORE: 

For travelers who like to squeeze every last drop of value out of loyalty programs, the straightforward rewards of the aren't conducive to "hacking." You can to more than a dozen airline partners, but all except JetBlue are non-U.S. carriers, and the exchange rate is fairly low — one Venture mile is worth less than 1 cent in all cases, though exchange rates vary by airline.

The is a better choice for travel hackers. First, there's an option to transfer points to participating frequent traveler programs at a 1:1 ratio and those programs include domestic carriers United, Southwest and JetBlue, as well as the Marriott, Hyatt and IHG hotels programs. You can also use your points to book a trip directly with Chase's travel tool. If you choose this route, your points rise in value from 1 cent apiece to 1.25 cents.

The also offers a great sign-up bonus:  It earns bonus rewards in a variety of popular spending categories, including dining and travel. The annual fee is .

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 don’t travel often and want to turn your rewards into money in your pocket. You may get greater value out of a cash-back card like the , which offers 2% cash back on all purchases (1% as you spend and 1% as you pay off your balance). A downside is the lack of a sign-up bonus, but the annual fee is .

The has an annual fee of . While this is typical of travel rewards cards, that’s not comforting news to anyone trying to keep credit card costs down. The -annual-fee earns unlimited 1.5 points per dollar spent on all purchases. New card holders can earn .

Use our calculator to see whether the rewards you would earn with the will cover the fee:

If you're serious about travel, the should be on your radar. With one of the highest sign-up bonuses and best ongoing rewards rates on the market, it can go toe to toe with any other travel card. It's especially a good option if you want travel rewards without the need to navigate a complicated redemption system.

Still unsure about whether this card, or any travel card, is what you need? Peruse our page for options across categories.

Frequently asked questions