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Review on the Capital One Venture Rewards Credit Card

Capital One Venture Rewards Credit Card

The card that allows you to easily earn rewards for your trips at a higher than standard rate.

This card is very popular among those who prefer having the best of the best. Actually, there aren’t many travel credit cards available today that offer such great benefits as this card. Apart from a very appealing sign-up bonus, you7’ll be able to enjoy a high rewards rate as well as lots of possibilities in terms of redemption.

General description

Advantages:

  • High rewards rate.
  • Flexibility in terms of redemption options.
  • No fee to pay for the purchases made while you’re abroad.
  • A great sign-up bonus that may be given to you.

Disadvantages:

  • There is a fee you’re expected to pay each year.
  • It’s better to redeem your rewards for travel so that to get the highest value for them.
  • Your credit score should either be good or excellent if you want to be approved for the card.
  • There are no partners. Consequently, there are no additional programs that allow you to earn higher rewards.

Capital One Venture Rewards Credit Card

Capital One® Venture® Rewards Credit Card

  • APR Special Offer: No offer for this card.
  • Standard APR from 13.99% to 23.99%. The rate can vary. Cash Advance APR amounts to 23.99%, but it’s also a subject to changes.
  • There is no fee to pay for the first 12 months, but you’ll have to pay the fee of $95 after that.
  • Special Offer: In case you spend as much as $3,000 within the first 3 months, you’ll be rewarded 50,000 miles. These miles can be converted in $500 that you’ll be able to spend on your future travels.

More information on the card:

  • You’ll get $500 bonus to spend on your future travels. Pay attention to the fact that you have to meet certain requirements to get the bonus.
  • You can get a double number of miles when making purchases with the card everyday.
  • You can use the card for booking tickets of any airline and rooms in any hotels.
  • Only you decide when you want to go travelling. There are no blackout dates.
  • You can get as many miles as you want. Besides, they won’t expire for as long as your account is active.
  • If you apply for the card immediately, there is a chance you can get a metal Venture Card.
  • No charges for foreign balance transfer operations you carry out.
  • You start paying the fee only from the 2nd year of using the card.

The best about this card:

  • You can easily get a sign-up bonus. In order to do it, you are only required to spend $3,000 within the period of the first 3 months of you using the card. In case you meet the requirement, you’ll get 50,000 miles.
  • A great rewards program. The program implies that you get 2 miles for each dollar you spend on various purchases. The number of the miles you can earn is unlimited.
  • No annual fee to pay during the 1st After that, be ready to pay $95 each year.
  • No fee for any kind of purchases you make with the card while travelling abroad.

Our opinion: If you’re the one who travels a lot and you want to earn big rewards, don’t hesitate to apply for the card.

Basic features of the card

If you’re passionate about travelling and you don ‘t want to have to choose a certain hotel or airline, the Capital One® Venture® Rewards Credit Card is your best than ideal choice. The first thing that makes it so outstanding is its very appealing bonus. 50,000 miles given to you as a bonus are equal to $500 statement credit to use for your next trip. Apart from the bonus, you’ll be able to enjoy a possibility of earning 2 miles for each dollar spent.

This card follows the same rule as all the rest Capital One cards – there is no fee that you’re expected to pay for the purchases abroad. It’s very convenient for those travelling regularly. Even though there applies an annual fee starting from the 2nd year of you using the card, it’s lower than the annual fee of other travel credit cards you can consider.

The reasons for you to consider applying for the card

Before refusing to get the card, look through the following points describing the benefits of the card:

  • High rewards. Of course, the bonus offer that comes with the card seems to be great. However, it’s not enough to make it one of the best. That’s why the card also allows you to get 2x miles for any kind of purchase you make with the card. It means that the card will be ideal for you not only while you’re travelling, but also while you’re spending time at home.
  • Flexibility in terms of redemption options. If you want, you can book anything you need for your trip via the Capitol One platform. There are lots of things for you out there. Alternatively, you can book whatever you need whenever you wish and then just use Capital One’s Purchase Eraser® to get a statement credit for your expenses.

Other travel cards also have different redemption features. The crux of the matter here that you need to pay attention to is that the Purchase Eraser® has no limitations in terms of travel statement credit redemptions. Let’s say you spend $300 on tickets. It means that you get $25 redeemed toward a partial statement credit. All in all, you earn rewards while booking on the official platform and while booking elsewhere else. Not many travel reward cards give their cardholders such freedom. It’s one of the reasons for why the card is so popular.

  • Extra travel perks. If the benefits mentioned above aren’t enough to convince you that this card is worth getting, there are some more things that are meant to be a nice surprise for you. The most important (for travelers at least) is that there are no fees for the purchases you make with the card abroad. You may buy as many things as you want, not worrying about having to pay extra money.

We believe that these benefits are enough to make the card perfect for travelling.

What does 2x rewards system mean?

We’ll provide you with a simple example that’ll help you understand the idea of the system clearly. Let’s say you spend $1,000 every month on food and any other items that you need everyday. It means that you’ll be earning 2,000 miles on an ongoing basis every month.

Once a year is over, you’ll have as much as 24,000 miles. That’s $240 you can use for your future trips. Remember that this is the reward that you get simply for using the card. This sounds just great! The system gives you an opportunity to save some money towards your future trips.

Our tip: While the rewards seem quite attractive, we recommend you sticking to a budget you usually have planned for one month. Don’t just use the card too much only to get rewards.

The reasons for you to consider applying for a different card

This card, like any other card available, has some drawbacks. They are provided below for you to think them over:

  • The rewards that the card gives you are advantageous only if you use them for your trips. The thing is that if you decide to redeem you rewards either as cash back or a statement credit that you’re not going to use for a trip ahead, you lose a half of what the earned miles are worth. This may be a very serious drawback for those who don’t travel that often as well as for those looking for a variety of ways to use the rewards.
  • It’s almost next to impossible to increase the value of the rewards you get. Some people try to do their best when it comes down to getting all there is out of the value of their rewards. With this card, there won’t be any of this. It’s simply not “preset”. There are no partners that offer loyalty programs to which you can transfer your miles. There is no any other “trick”. You just get what you get. It’s simple and straightforward.

The Capital One® Venture® Rewards Credit Card in comparison with the Chase Sapphire Preferred® Card

The Capital One® Venture® Rewards Credit Card may seem like a truly ideal credit card for you. However, we strive for providing you with as much information as needed in order for you to make the right decision. You may be interested in the following card as well:

General description

Advantages:

  • Cool design.
  • A more than just appealing bonus.
  • You can forget about paying foreign transaction fee.
  • You can earn more points for your trips and meals to have at restaurants.
  • Top-class travel protection benefits.

Disadvantages:

  • Starting from the 2nd year of you using the card, be ready to pay the annual fee of $95.

Chase Sapphire Preferred Card

Chase Sapphire Preferred® Card

  • APR Special Offer: No offer for this card.
  • Standard APR from 16.99% to 23.99%. The rate can vary. Cash Advance APR amounts to 25.99%, but it’s also a subject to changes.
  • There is no fee to pay for the first 12 months, but you’ll have to pay the fee of $95 after that.
  • Special Offer: In case you spend as much as $4,000 within the first 3 months, you’ll be rewarded $625 to spend on your future holidays.

More information on the card:

  • The reward mentioned above will be credited to your account if you redeem it through Chase Ultimate Rewards®. The reward is provided in bonus points (50,000).
  • You’ll get a double number of points for using the card when paying for your travels and dinners at any restaurants all over the world. For all the rest purchases you’ll get 1 point for every dollar spent.
  • You may be rewarded additional 5,000 bonus points. For more information you can visit the official website of the emitting bank.
  • There are no charges to pay for the transactions abroad.
  • Bonuses earned can be transferred to the most well-known loyalty programs.
  • When redeeming your rewards to pay for cruses, airlines etc., you get 25% profit.
  • You’re not bound to travel on certain dates. You can book your flight anytime you wish, provided that there are seats left.

This card has the benefits that the Capital One Venture simply doesn’t have. First of all, it should be pointed out that the card provides lots of options for those looking for every possibility to increase the value of the points they earned. If you are one of those people, you can either transfer your points at the ratio of 1:1 to partnership traveler programs or book a trip via the Chase’s Ultimate Rewards. If you choose the last option, you’ll manage to increase the value of each of your points up to 1.25 cents. If you want to redeem your points as cash back, it’s also possible. However, you’ll need one more account with Chase (savings or checking account) to be able to do it. In this case the value of 1 point amounts to 1 cent.

The Chase Sapphire Preferred® Card also has a very appealing sign-up offer for you. There is only 1 thing to be aware of – with this card, you’ll have to spend more to get the bonus than with the Capital One Venture Rewards. The ongoing rate that applies after you get the bonus is the following: you get double rewards for every dollar you spend on your trips and 1x rewards for every dollar you spend on all the rest purchases.

Overall, the Chase Sapphire Preferred® Card is a very attractive card for both those looking for a short-term value and those looking for a long-term value they can get from travelling quite often. The card also implies benefits for those who prefer dinning out. At the same time, if you’re not the one who travels that much or eats out a lot, the Capital One® Venture® Rewards Credit Card will fit your needs better.

The Capital One® Venture® Rewards Credit Card in comparison with the Discover it® Miles

General description

Advantages:

  • You lose no value whether you choose to redeem your rewards as cash back or you choose to redeem them for your future trip.
  • You’re not expected to pay any annual fee as well as any fee for the purchases made abroad.
  • You can get a great sign-up bonus.
  • You can enjoy flexibility in terms of redemption options.

Disadvantages:

  • There aren’t any luxury perks.
  • There are other cards available that offer higher rewards rates.
  • There may be problems with using the Discover cards outside of the US.
  • Your credit score should either be good or excellent if you want to be approved for the card.

Discover it Miles CardDiscover it® Miles Card

  • APR Special Offer: There is no APR for the purchases made during the first 14 month and there is an APR of 10.99% for balance transfer operations carried out within the same period of time.
  • Standard APR from 11.99% to 23.99%. The rate can vary. Cash Advance APR amounts to 25.99%, but it’s also a subject to changes.
  • There is no fee to pay for the first 12 months, but you’ll have to pay the fee of $95 after that.
  • Special Offer: At the end of the 1st year of you using the card, the miles you earned during the period will be doubled.

More information on the card:

  • The miles you earn during the 1st year will be doubled at the end of this year. Let’s say you manage to earn 40,000 Miles. It means you’ll get 80,000 Miles.
  • You can earn as many miles as you want buying things with the card everyday. You get 1.5x Miles for each dollar you spend.
  • You are free to choose when you want to fly and where you want to stay during y9our trip.
  • You’re not expected to pay any annual fee.
  • You can redeem your Miles as a statement credit to use for your trips ahead.
  • The card allows you to freeze your account in case you want to prevent any new purchases, balance transfer and cash advance operations.
  • You’re granted a free access to your FICO® Credit Score. You can see the number of recent inquiries and a lot more useful information.
  • There is a NEW FEATURE. You’ll be notified in case Di8scover finds out that you’re visiting any of suspicious websites.
  • In order to get a more detailed information on the card and conditions that come with it, click on the “APPLY NOW” button.

Even though the card has been recently introduced to the market, it’s still worth paying attention to. It’s very much like the Capital One® Venture® Rewards Credit Card since it lets you decide on how you want to redeem your rewards: whether you want to redeem them as cash back or as a statement credit that you’ll use to pay for your future trip. The thing that make the card a lot more different from its competitors is that you can keep your sign-up bonus under control – all the miles you earn during the first year will be doubled. That’s fantastic! What’s more, the card comes with no fee to pay for using it each year.

If you spend big sums of money, The Discover card will be very beneficial for you since you can get a very big sign-up bonus. At the same time, if we compare the ongoing rewards rates, the Capital One® Venture® Rewards Credit Card seems to be more advantageous for those looking for a long-term value.

The Capital One® Venture® Rewards Credit Card in comparison with the Barclaycard Arrival Plus® World Elite Mastercard®

General description

Advantages:

  • You get rewards at a high rate for absolutely all purchases you make.
  • A very appealing sign-up bonus.
  • You’re not expected to pay any fee for making purchases with the card while abroad.
  • There is no fee that you’re expected to pay for using the card during the first 12 months.

Disadvantages:

  • Your credit score should be excellent if you want to be approved for the card.
  • The card has no luxury perks to offer.
  • At the beginning of the 2nd year, the annual fee applies.

Barclaycard Arrival Plus World Elite Mastercard Credit Card

Barclaycard Arrival Plus® World Elite Mastercard® Credit Card

  • APR Special Offer: There is no fee on the balance transfer operations carried out within the first 12 months. However, only those balance transfers made within the first 45 days after you get an account won’t be charged extra fee.
  • Standard APR from 16.99% to 23.99%. The rate can vary. Cash Advance APR amounts to 26.24%, but it’s also a subject to changes.
  • There is no fee to pay for the first 12 months, but you’ll have to pay the fee of $89 after that.
  • Special Offer: In case you spend as much as $3,000 within the first 90 days, you’ll be rewarded 40,000 bonus miles to spend on your future holidays.

More information on the card:

  • The bonus miles mentioned above can be converted into $400 travel statement credit for you to use.
  • You earn twice as much rewards for any purchases made.
  • Once you redeem any number of bonuses, you’ll get additional 5% reward for your next redemption.
  • Your miles will be active for as long as you have the account.
  • You are not charged with paying extra fees when purchasing anything abroad.
  • There won’t apply any APR for the balance transfer operations made within the first 45 days. The APR that applies later on depends on your credit score.

Actually, the cards have a lot in common. They come with almost the same sign-up bonuses and rewards rates, they imply no foreign fees to be paid and they give their cardholders flexibility in terms of redemption. At the same time, there are some differences that should also be pointed out.

White the Barclaycard Arrival Plus® World Elite Mastercard® offers you an opportunity to get additional 5% bonuses when you’re redeeming, it requires you to have a minimal number of 10,000 bonuses on your account in order to be able to redeem for travelling purposes. Besides, the process of the redemption itself isn’t that much convenient due to the fact that you can’t book your trips right away on the website of the bank.

Overall, we believe that this card is a bit more advantageous from the point of view of its higher rewards rate.

Is the Capital One® Venture® Rewards Credit Card worth applying for?

The card is absolutely great for you if you love travelling a lot. It gives you freedom in terms of redemption options and doesn’t charge you any fee when you’re using it abroad. It’s definitely not worse than all the rest travel credit cards available.

Everything comes down to your needs – what exactly it is that you need during your trips. We recommend you studying information on other travel credit cards before making the final decision.

1 Star2 Stars3 Stars4 Stars5 Stars (10 votes, average: 4.50 out of 5)
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Comments: 5
  1. JillSnow

    I regularly use this card to pay form my travel expenses. The thing that I personally find to be amazing about the card is that you can redeem your rewards to offset the monthly bill for the card. For some people it doesn’t matter, but for me it’s great in case I spend a lot on my travelling during a certain period of time. Besides, since I’ve got the Mastercard version of the card, I can pay my mortgage with the card. Of course, the “plastiq” service charges you additional 2% but this is offset with the rewards you get.

  2. Tina Lee

    This card doesn’t meet our needs! Of course, it allows us to get bonus points for booking tickets with S.W. airlines. We get 2 points for each dollar spent. However, we figured out that the reward isn’t worth it. We are planning to cancel the card and get back to using the South West C.C. I regret we believed the commercial about this card. We really thought that the card is just as amazing as it was said to be.

  3. KarlJ

    I used both the Chase Sapphire Preferred and the Citi ThankYou Premier cards. On the basis of my experience with the card I can say that the Capital One Venture is the best card to have in terms of travelling and just as a credit card.
    Someone will wonder why I think the Sapphire Preferred is worse. The card offers rewards for travelling as well. It’s more than that – you can get a reward flight with the partners of the card. Well, I failed to do that. Actually, each time I got home after work and rushed to my computer to book tickets, I saw that there were no seats available either on the flights I wanted or on some specific dates.
    Actually, the 20% additional reward you get when redeeming bonus points you have with Chase is not that great in comparison with the offer the Venture card has for you. This card allows you to earn your rewards all the time you’re using it. It means that you have a chance of earning more bonuses with Venture than with Chase.
    Even though Chase has an online shopping portal where merchants offer various discounts, it won’t let you earn more rewards than when you’re using Venture. The thing is that Venture rewards you 2 bonuses/miles for any purchase you make and on everyday basis. The only thing that may seem beneficial about the Chase card may be the trip Insurance protection. For me it’s not a big deal.
    As for the Citi ThankYou Premier, it has few options when it comes down to airline transfer partners. Chase, for example, has much more options here. It’s also worth mentioning that the 25% bonus that you get for your ThankYou points only counts when you redeem your points for a flight purchase. Cruises, hotels, car rentals etc., aren’t included in the list.
    The venture is really an ideal card for me! It’s 10 out of 10! Definitely recommend.

  4. Roy

    I disagree with those who think positively about the Venture card. It’s the worst card one can ever apply for. It’s supposed to be a travel card but there are no benefits that I expected with such type of a card. There is no car rentals or baggage insurance. Worst of all, there is an annual fee of $59 to be paid! Definitely don’t recommend.

  5. SherylGT

    DO NOT bother getting the card. My international purchases get constantly declined. That’s ridiculous considering that this is a travel card. One month ago, I made a reservation that was almost immediately declined. I had to call the customer support service to fix the problem. Last week the problem occurred again. This time, when I called the customer support service, I was assured that there was an alert on my account and that the purchase would go through next time. I was booking a place to stay abroad by the way. I tried again and failed. The customer support service promised me that one of the Capitol One’s representatives would contact me soon to fix the situation. This all is extremely disappointing. Hope they’ll do all there needs to be done and I’ll go on my trip. Once I come back, I’ll cancel the card. They definitely have a service that they can’t keep under their control.

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