7 Reasons to Get the Capital One Venture Rewards Card

The world of points, miles and credit cards can be complicated — full of potentially confusing terminology and unfamiliar acronyms. That’s what makes a tag like that Capital One Venture Rewards Credit Card an incredibly valuable commodity, with simple miles redemption and many valuable airline and hotel shuttle partners.

While it is often so to be more advanced Capital One Venture X Rewards Credit CardVenture has a lot of unique perks. With so many ways to use rewards, booking free travel can be as complicated or easy as you want.

Here are seven reasons why Capital One Venture is one of the best rewards credit cards to have in your wallet.

The Capital One Venture Fund This card offers a welcome offer of 75,000 bonus miles after spending $4,000 on purchases within the first three months of account opening, plus a $250 Capital One Travel credit in the cardholder’s first year.

If you have plans transfer your miles For Capital One hotel or airline partners, this welcome offer is worth approximately $1,638 (when adding the value of miles and the $250 travel credit), according to our July 2024 valuationOf course, you can get even more value depending on the transfer partner you leverage and the prize you book.

However, even if you use your miles at a fixed value to buy airfare, you’ll still get $750 toward airfare, hotel stays, or car rentals.

Great for everyday spending

Many other credit cards offer rewards points for popular shopping categories like groceries, gas, or restaurants. But what about purchases that don’t fall into one of these categories, like online shopping, gym memberships, or kitchenware?

The Capital One Venture Fund Earn 2 unlimited miles per dollar on every purchase — a 3.7% return per dollar according to TPG valuations.

You’ll also earn 5 miles per dollar on hotel and car rental bookings through Capital One Travel Portal. But for everyday spending, Venture is ideal because there are no categories to track and no rewards to worry about missing out on.

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Capital One Venture allows you to Redeem your miles at a fixed value to pay for travel expensesThis means you can effectively pay for eligible travel purchases made in the last 90 days by redeeming your miles at a rate of 1 cent per mile.

There’s also no minimum redemption amount (unless you don’t have enough miles to cover the entire purchase, in which case the minimum is 2,500 miles). Say you book a one-way domestic award flight and pay $5.60 in taxes with your card. You could use 560 miles—since each mile is worth 1 cent—to cover this small purchase.

Capital One makes it easy for you redeem your miles this wayand you have two options. You can book directly through Capital One Travel Portal by selecting miles as your payment method, or you can simply purchase travel with your credit card – such as airline tickets or hotel reservations – then log into your account and select the option to redeem miles for a statement credit to cover the charge.

You can get more value from your Capital One miles by transferring them to any after 15+ travel loyalty partners. All your Capital One miles will be transferred at simple 1:1 ratioexcept for two partners (as noted below):

• Accor Live Limitless (2:1)
• Aeromexico Premier Club
• Air Canada Aeroplan
• Air France-KLM Fly Blue
• Avianca LifeMiles
• British Airways Avios
• Cathay Pacific Asia Miles
• Choice
• Emirates Skywards
• Etihad Guest
• EVA Infinity MileageLands (2:1.5)
• Finnair Plus
• Qantas Frequent Flyer Program
• Singapore KrisFlyer
• TAP Air Portugal Miles&Go
• Turkish Airlines Miles and Smiles
• Wyndham Rewards
• Pure Red

Capital One offers one of the most diverse services Transfer Point Program around. You have airlines that are part of all three major alliances, and some non-alliance airlines, such as Etihad and Emirates. Some of these options (such as Finland) is also only available at Capital One.

Related: Transfer or Not Transfer: What to Do With Capital One Miles

You can Convert Capital One Cash Back Rewards into Air Miles if you also have a Capital One miles card.

For example, you can redeem the cash you earn for Capital One Savor Cash Rewards Credit Card into miles if you have too Capital One Venture Fund or no annual fee Capital One VentureOne Rewards Credit Card (see prices and fees).

That means you can leverage Savor’s bonus categories, including dining and groceries, to accumulate additional rewards that you can convert into Capital One Venture miles and then transfer to the program’s airline and hotel partners.

The information about the Capital One Savor Cash Rewards card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

Although the Capital One Venture card does not actively compete with the benefits offered by super premium card such as Chase Sapphire Reserve® or The Platinum Card® from American ExpressIt offers some modest benefits:

*For Capital One products listed on this page, some benefits may be offered by Visa® or Mastercard® and may vary by product. See the respective Benefits Guide for details, as terms and exclusions apply.

The Capital One Venture Card charges just a $95 annual fee (see prices and fees), which is a low cost for a card with such potential value. It’s easy to justify the annual fee between the easy-to-use rewards structure, simple redemption process, diverse transfer partners, and other perks.

Be sure to crunch the numbers, though, and make sure the higher-priced Venture X card doesn’t make more sense for your situation. With a host of additional perks — like $300 annual credit on Capital One Travel purchases and 10,000 bonus miles when you renew the card — you can easily cover the additional annual fee for the premium Venture product.

Related: 8 Best Credit Cards with Annual Fees Under $100

The Capital One Venture Rewards Credit Card is a great hybrid credit card that is a strong candidate for all in one card.

Not only do you earn 2 miles per dollar on every purchase, but you can also keep things simple and flexible by redeeming your miles for travel you’ve already taken on the card. If you decide to study the award chart and look for Sweet spot Instead, you’ll have a wide variety of airline and hotel programs to choose from within Capital One’s list of transfer partners.

That’s what makes the Venture special—it lets cardholders earn miles quickly and then use them in a myriad of ways for exceptional value. All that and more is why this card deserves a spot in your wallet, especially with its valuable welcome offer.

Find out more: Capital One Venture Rewards Card