Capital One Venture review: easy earning, effortless redemption

Capital one is a credit card is a good flat-rate card for travel rewards and can be used in booking airlines, making purchases like every other credit card even with more rewards, with a simple 5 miles per dollar spent on hotels and rental cars booked through Capital One Travel and an unlimited 2 miles per dollar spent on all other purchases, the card makes racking up miles simple for those who don’t want to deal with bonus categories or complicated systems that other card.

You can go wherever you choose with your travel credit card miles. You can earn unlimited miles on every purchase you make with Capital One’s travel rewards cards. With no seat limits or blackout periods, you may use your travel rewards credit card to book any airline, anytime, anywhere. Your travel credits can also be used to book car rentals, hotels, ride-sharing apps, cruises, and more. Miles do not expire during the account’s lifetime

This card is worth the annual fee because of the large sign-up bonus, substantial rewards, and flexible redemption options.

Quick Fact

• The card comes with a welcome bonus of 60,000 miles once you spend $3,000 on purchases within three months of creating your account.
• Cardholders will earn 10 miles for every dollar spent on hotels and rental vehicles, 5 miles for every dollar spent on flights booked, and 2 miles for every dollar spent on all other purchases.
• Miles will not expire over the account’s lifetime, and there is no limit to how many you can earn.

Pros and Cons

Pros

• The reward rate is high
• The redemption rate is flexible

Cons 

• The annual price is quite high. 
• The flexibility of rewards is limited. 
• Good/excellent credit is required.

Full Review

The Capital One Venture Rewards Credit Card is one of the most popular credit cards available, and not just because it’s well-publicized. Unlike the airline-branded cards it was created to compete with, it offers a high rewards rate on all purchases (not just travel spending), and you may use your points to pay for any travel bill, regardless of when you travel, which airline you fly, or which hotel you stay at. With a generous welcome bonus for new cardholders, it’s easy to see why this card is so popular.

There aren’t many travel credit cards better than this one if you want easy-to-earn, easy-to-understand, and nearly-impossible-to-redeem travel benefits.

Capital One Venture Rewards Credit Card: Basics

Card Type: Travel

Annual fee: $95

Sign-up bonus: Spend $3,000 on purchases within 3 months of account opening to receive a one-time bonus of 60,000 miles, which is equal to $600 in travel.

Rewards: Earn 2 miles for every $1 you spend on purchases. Plus, every $1 spent on hotels and auto rentals with Capital One Travel earns you 5 miles. 

Redemption options: 

• Capital One offers 1 cent per mile miles that can be used to book trips. 
• Miles are worth one penny each and can be redeemed for a statement credit for travel purchases. 
• Transfer miles to over 15 airline and hotel partner programs. The value of a mile depends on the transfer partner and how the miles are redeemed. 
• Miles can be redeemed for gift cards. The redemption value ranges from 1 to 1.25 miles per dollar.

Interest rate: The variable APR is 15.99 percent -23.99 percent continuingly.

Benefits of the Capital One Venture Rewards Credit Card

• Reward rate is high: The Capital One Venture Rewards Credit Card, unlike most branded airline cards, earns 1 point per dollar on most purchases other than those made with the airline. When you book hotels and car rentals with Capital One Travel, you’ll get 5 miles for every dollar spent, and you’ll get an unlimited 2 miles per dollar spent on anything else.
• Huge sign-up bonus: Spend $3,000 on purchases within 3 months of account opening to receive a one-time bonus of 60,000 miles, which is equal to $600 in travel.
• No foreign transaction fee: When you buy something outside of the US, you won’t have to pay a transaction fee.
• Lounge access: Two complimentary visits to Capital One Lounge locations are included with the Capital One Venture Rewards Credit Card. Following that, cardholders are entitled to a special entry rate of $45 per visit.
• Travel insurance: When you pay for your ticket with a credit card, you’ll automatically be covered in the event of a covered loss.
• The several redemption options either using the Capital One purchase eraser, booking through the issuer’s travel center, or transferring miles to partners are flexible.
• Easy card replacement: You can get your card replaced easily if your credit card is lost or stolen.

Needs a credit card that will make transactions cheaper (money-saving) due to interests and rewards and easier (transaction is faster) with a simple reward structure and can be used for everyday purchases? Why not choose Capital One Venture today.