- Best for those with good and excellent credit: This card is offered to those with 700 and higher credit scores.
- Unlimited rewards: Earn unlimited 2x miles on every purchase.
- Introductory offer: The Capital One Venture Rewards Credit Card provides 60,000 bonus miles once you have spent $3,000 within the first three months.
- APR: Rates for purchases vary at 17.24% – 24.49% (Variable) APR.
- Annual fee: Capital One Venture Rewards Credit Card comes with an annual fee of $95.
- Travel perks: You’ll have no foreign transaction fees with this card.
- Auto assistance: Cardholders receive roadside assistance for emergencies, such as tire changing, and are covered when renting a car.
- Use points for shopping: Cardholders can use points to make purchases on Amazon.com, perhaps one of the easiest ways to make use of your points.
How many miles can I earn?
In order to receive the 60,000 miles signup bonus, you’ll have to spend $3,000 in the first three months. That means a mile is earned at .06. Not bad.
Now, let’s say you spend $2,000 per month. You’ll earn 4,000 miles each month along with the signup bonus, giving you 108,000 miles for the first year you have your Capital One Venture Rewards Credit Card. That’s a big number for award travel. The following year, the same spending will earn you 48,000 miles, which is still a hefty amount of miles!
|Earnings during year one||Earnings in subsequent years|
|Sign-up bonus||60,000 miles after spending $3,000 in the first 3 months||N/A|
|2x rewards for spending $2,000 per month||48,000 miles||48,000 miles|
|Total rewards earnings||108,000 miles||54,000 miles|
Just how good are the miles you’ll earn with the Capital One Venture Rewards Credit Card? You could fly partner JetBlue from JFK in New York City to LAX in Los Angeles roundtrip for 29,500.
This means for just $11.20 in fees you could fly cross country after your first year three times, and still have miles left in your account. The second year, with your 48,000 miles earned, you’ll still bang out a free flight.
The current loyalty partners are:
- Air France KLM.
- Air Canada.
- Asia Miles.
- Etihad Airways.
- Eva Air.
- Singapore Airlines.
Fly any of those often?
If you don’t, you aren’t entirely out of luck, as some of the airlines are part of alliances with airlines you may use. For example, AeroMexico and Air France are in the SkyTeam alliance with Delta Airlines. This means you can transfer your miles, although it is sometimes tricky and a bit of a pain.
Is it worth it to pay a $95 fee to have your Capital One Venture Rewards Credit Card? Consider this: Capital One® gives you $100 to enroll in Global Entry and TSA PreCheck. Not only does that mean your fee paid for Global Entry, you’ll skip the lines at security in U.S. airports and customs.
In 2020, the Capital One Venture Rewards Credit Card did lose some of its best offers, including 10x the miles through bookings with Hotels.com. These make the card more beneficial beyond the first-year bonus and payout for Global Entry. But it does offer its Capital One® Travel, where you can earn 5x the miles if you book your hotel or rental car through the service. This means if you spend $100 for a hotel night, you’ll earn 500 miles versus the 200 miles you’d earn if you booked on your own — that can add up quickly.
The Capital One Venture Rewards Credit Card provides 2x the rewards for every dollar you spend – rewards you can actually use. There are no catches: rewards never expire and there isn’t a cap on how many rewards you can earn, so you can take your time saving up miles to cash in for an expensive flight or upgrades.
You’ll be able to earn over 100,000 miles the first year you have your card, and nearly half that every subsequent year. When coupled with some of the additional benefits offered up, the annual fee just may be worth it.
Money Under 30 makes every effort to maintain accurate information. Opinions expressed are the author’s alone and have not been approved or endorsed by the credit card issuer.