Capital One Venture Rewards Credit CardAttention frequent travelers: the Capital One Venture Rewards Credit Card may be the perfect addition to your wallet. That’s because this card earns unlimited 2X miles on all purchases, offers an intro bonus worth $400 in travel, has a reasonable annual fee that’s waived for the first year and more. On top of that, the Capital One Venture Rewards Credit Card holds the No. 2 spot in our Travel Rewards Credit Card Analysis, as its miles have an average flight and hotel redemption value of $2.00 for every $100 spent. Think the Capital One Venture Rewards Credit Card might be your perfect travel companion? We detail the basics in the table below and explain everything you need to know about the top-rated travel rewards credit card under that.

Capital One Venture Rewards Credit Card
  • Unlimited 2X miles on all purchases
  • 40,000-mile intro bonus (worth $400 in travel) after spending $4,000 on purchases in the first 3 months from account opening
  • $0 annual fee for the first year (then it’s $59)
  • No foreign transaction fees
  • No blackout dates — travel when you want

What does the Capital One Venture Rewards Credit Card offer?

Before we break down this card’s benefits and perks, it should be noted that the Capital One Venture Rewards Credit Card is available to those with good to excellent credit (usually considered a credit score of 700 or higher). Keep reading to learn all about what this card has to offer.

Intro bonus

Cardholders who spend $3,000 on purchases within the first 3 months from account opening will earn 40,000 bonus miles — that’s equal to $400 in travel!

Ongoing rewards

As mentioned earlier, the Capital One Venture Rewards Credit Card makes earning travel rewards easy because it earns an unlimited 2X miles per $1 spent on every purchase.

Redemption options

Capital One Venture Rewards Credit Card holders can use their miles a number of ways. First, cardholders can redeem miles for travel with no travel restrictions or blackout dates using Capital One’s Purchase Eraser, which allows them to book travel with their preferred travel website, travel agent or other travel resources, then redeem earned miles for account credit to cover the cost of their travel purchase, or they can use their miles to book flights, car rentals or hotel stays through Capital One’s Rewards Center. On top of that, cardholders can redeem their miles for cash (in the form of a check or account credit), gift cards, brand-name merchandise and more.

Annual fee

The Capital One Venture Rewards Credit Card has no annual fee for the first year. After that, cardholders are charged $59/year, which is a reasonably priced annual fee when compared to the other travel rewards credit cards we review.

Foreign transaction fees

Like most travel rewards credit cards, the Capital One Venture Rewards Credit Card has no foreign transaction fees, which means it’s not only a great card to use when you cross state borders, but it’s also one that you can take globe-trotting.

Added perks

The Capital One Venture Rewards Credit Card comes with Visa Signature benefits, which include complimentary upgrades and special savings at hotels, resorts and spas; auto rental collision damage waiver at no additional cost; extended warranty protection at no charge on items purchased with the card; access to a 24-7 complimentary concierge service; an emergency card replacement service that a cardholder can take advantage of if their card is lost or stolen and more.

Are there any downsides to this card?

As you can see from the details above, the Capital One Venture Rewards Credit Card is one well-rounded travel rewards credit card. In fact, the only aspects that we believe someone can see as downsides are the $59 annual fee, which is waived for the first year, and the lack of a 0% intro APR period, something that’s not very common with travel rewards credit cards in general. Still, if you can’t get over these downsides, you may want to consider Venture’s sister card, the Capital One VentureOne Rewards Credit Card. While this card’s miles hold a lesser flight and hotel redemption value of $1.25 per $100 spent, according to our Travel Rewards Credit Card Analysis, the VentureOne Rewards Credit Card has no annual fee and offers a 12-month 0% intro APR on purchases. In terms of rewards, the VentureOne Rewards Credit Card an unlimited 1.25 miles per $1 spent on all purchases and offers a 20,000-mile intro bonus — worth $200 in travel — that you can earn after spending $1,000 on purchases within the first 3 months from account opening. The VentureOne Rewards Credit Card also has the same redemption options and Visa Signature benefits as its higher-earning sister card.

Should you apply for the Capital One Venture Rewards Credit Card?

The Capital One Venture Rewards Credit Card is one of our top-rated travel rewards credit cards for a reason, so if you’re looking for a strong travel card with generous rewards and a reasonable annual fee — remember that you don’t pay it for the first year — the Capital One Venture Rewards Credit Card is for you. Visit our Capital One Venture Rewards Credit Card review to learn more about the card and apply online. Also, check out our reviews of the best travel credit cards to see how the Venture card compares to its competitors.

Disclaimer: This content is not provided or commissioned by the credit card issuer. Opinions expressed here are author’s alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. This content was accurate at the time of this post, but card terms and conditions may change at any time. This site may be compensated through the credit card issuer Affiliate Program.