Capital One Venture Rewards Credit Card Review

The Capital One Venture Rewards Card is packed with features that provide exceptional flexibility and value to travelers.

The Capital One Venture Rewards Credit Card is a travel rewards card designed around this very principle. It liberates you from the restrictive rules of single-airline or hotel-specific cards, offering a brilliantly simple and powerful way to earn rewards on your terms. The card’s philosophy is straightforward: earn a high, flat rate of miles on every single purchase, then redeem those miles for virtually any travel expense, with no blackout dates.

If you are a U.S. resident with excellent credit who wants to turn your everyday spending into your next vacation without needing a complex spreadsheet to track it all, this card is your perfect companion.

CREDIT CARD

Capital One Venture Rewards

Unlimited 5X miles 75,000 miles welcome bonus

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A Suite of Benefits Designed for Your Freedom

• A Simple and Powerful Earning Structure: The card’s core is its simplicity. You will earn an unlimited 2 miles for every dollar you spend on every purchase, every day. There are no rotating categories to activate or bonus tiers to remember. Additionally, you will earn an accelerated 5 miles per dollar on hotels and rental cars booked through the Capital One Travel portal.
• A Large Welcome Bonus to Start Your Travels: New cardholders can earn 75,000 bonus miles after spending $4,000 on purchases within the first three months of account opening. This bonus is equivalent to $750 when redeemed to cover travel purchases, a substantial contribution to your first trip.
• Redeem Your Way with Ultimate Flexibility: This is where the card truly shines. Capital One gives you two main ways to use your miles:
  1. The Purchase Eraser®: This is the simplest method. Book any flight on any airline, stay at any hotel, or rent any car using your Venture Card. Then, within 90 days, you can log in to your account and apply your miles as a statement credit to “erase” the cost of that travel purchase.
  2. Transfer to Travel Partners: For those who want to get even more value, you can transfer your miles to over 15 airline and hotel loyalty programs, including partners like Air Canada Aeroplan, British Airways Avios, and Wyndham Rewards.
• Credit for Global Entry or TSA PreCheck®: Enjoy a faster and more convenient airport experience. You will receive a statement credit of up to $100 for the application fee for either Global Entry or TSA PreCheck once every four years.
• Complimentary Airport Lounge Visits: You receive two free visits per year to the luxurious Capital One Lounges or to partner Plaza Premium Lounges. This is a great perk for relaxing before your flight.
• No Foreign Transaction Fees: A must-have for any traveler. The Venture Card charges no foreign transaction fees on purchases made outside of the United States, saving you the typical 3% surcharge on all your international spending.
• Hertz Five Star® Status: As a cardholder, you receive complimentary Five Star elite status with Hertz, which provides benefits like car upgrades and a wider selection of vehicles.

Who Can Apply: Eligibility Criteria

This is a premium travel card designed for applicants with a strong credit history.

• Credit Score: It is recommended that applicants have excellent credit (typically a FICO score of 700 or higher).
• Age: You must be at least 18 years of age.
• Residency: You must be a U.S. resident with a valid physical U.S. address.
• Identification: A valid Social Security Number is required for the application.
• Income: You must have a stable source of income.

How to Apply: The Application Process

Applying for the Capital One Venture Rewards Card is a straightforward online process.

1. Check for Pre-Approval First: Capital One offers a pre-approval tool on its website. This allows you to see if you are likely to be approved for card offers without impacting your credit score. This is a highly recommended, risk-free first step.
2. Visit the Capital One Website: Navigate to the official application page for the Venture Rewards Credit Card.
3. Complete the Secure Application: Fill out the online application with your required personal, contact, and financial information.
4. Review the Terms and Conditions: Before submitting, carefully read and agree to the card’s terms, rates, and its $95 annual fee.
5. Submit and Receive a Decision: After you submit your application, Capital One often provides an instant decision.

Frequently Asked Questions

• Do I have to use a special website like the Capital One Travel portal to book my travel?
  No, you do not have to. That is the primary flexibility of this card. You can book your flight on Google Flights, your hotel directly on Marriott’s website, or your tour through a local travel agent. As long as the purchase codes as “travel,” you can use the Purchase Eraser® to get a statement credit for it. You only need to use the portal if you want to earn the higher 5x miles rate on hotels and rental cars.
• Are there any blackout dates or airline restrictions when I redeem my miles?
  No. When using the Purchase Eraser® feature, there are absolutely no blackout dates or airline restrictions. If you can buy a ticket or book a room with your card, you can use your miles to get a credit for it.
• Is this card good for someone who isn’t an expert at travel points?
  Yes, it is arguably the best travel card for that person. The simple “earn 2x, redeem for 1 cent per mile” system is incredibly easy to understand and use. The more advanced option to transfer to partners is there if you want to learn, but it is not required to get great value from the card.
• How does the Global Entry/TSA PreCheck credit work?
  It’s simple. You just pay the application fee for either Global Entry ($100) or TSA PreCheck ($78) with your Capital One Venture card. Capital One will then automatically apply a statement credit to your account for the amount of the fee, up to $100.

CREDIT CARD

Capital One Venture Rewards

Unlimited 5X miles 75,000 miles welcome bonus

APPLY NOW You will be redirected