Capital One® Venture® Rewards Credit Card is one of the best known air miles credit cards in the U.S., thanks to excellent marketing by Capital One, but how much is really known about the way in which this card works? If you came across Capital One® Venture® Rewards Credit Card while looking for a good credit card for travel, you may be wondering how the miles reward program works, what travel benefits come with the card, and how much you will pay to use it. While this card's approach is to keep things simple and uncomplicated, you should understand exactly what it can do for you before you apply for it.
|Credit Card||Features||Intro APR||Regular APR||Annual Fee||Why we like it||We least like||Credit Required||Related links|
Capital One® Venture® Rewards Credit Card
17.99% - 25.24% (Variable)
$0 intro for first year; $95 after that
|Related Links Read our review of Capital One® Venture® Rewards Credit Card or view more details of Capital One® Venture® Rewards Credit Card. See more Capital One credit cards.|
Here at GET.com, you can find answers to most of the questions about Capital One® Venture® Rewards Credit Card that matter most.
Questions And Answers For Capital One® Venture® Rewards Credit Card
Answer: Yes it does. You get a one-time bonus of 50,000 miles after you spend $3000 on purchases within 3 months from account opening. That bonus is equal to $500 in travel, so although the amount you have to spend to get it is fairly high, it is well worth charging a good part of your budget spending to this card during that time to earn it.
Answer: Yes, cardholders have the option to transfer the miles they earn to participating airlines. Miles can be transferred at a rate of 2 Venture miles to 1.5 airline miles to the following partners: Aeromexico, Air Canada, Air France KLM, Alitalia, Cathay Pacific, Avianca, Etihad Airways, EVA Air, Finnair, Hainan Airlines, Qantas and Qatar Airways. Venture miles can also be transferred at a rate of 2 Venture miles to 1 airline mile to Emirates and Singapore Airlines.
Answer: You earn 2X miles per dollar on every purchase, every day when you use this card to pay for purchases. You can also earn 10X miles per dollar spent on thousands of places to stay at hotels.com/venture by paying with your Capital One® Venture® Rewards Credit Card through January 2020. With this air miles credit card, miles do not expire and there is no limit to how many miles you can earn, so this is a good card to use if you like to hoard rewards towards the full cost of a trip.
Answer: You earn the above stated miles every time you make a purchase at any merchant. The only exceptions are purchases which you return or get credits for, cash advances (getting cash at an ATM, for example), checks from your card account and balance transfers.
Answer: No, Capital One® Venture® Rewards Credit Card does not have an introductory low APR period for either balance transfers or purchases. Right from the start, the standard 17.99% - 25.24% variable APR applies.
Answer: Yes. Although it has a $0 intro annual fee for the first year; $95 after that. But you get a lot of useful travel benefits in exchange, and these perks can actually save you money.
Answer: For one thing, this card has no foreign transaction fee. That means you don't pay an extra fee when you pay for purchases in foreign currencies when traveling outside of the U.S. You also get complimentary travel insurance when you use this card to pay for trips. This insurance coverage includes travel accident insurance (you or your dependents receive a one-time benefit if you are killed or permanently disabled in a common carrier accident) and auto rental insurance (covers rental cars against theft and collisions). Plus receive up to $100 application fee credit for Global Entry or TSA Pre✓®
Answer: Absolutely not. This card charges you a cash advance fee of either $10 or 3% of the amount of each cash advance (whichever is greater) every time you use it to get cash. The amounts you draw will be subject to a 25.24% variable APR and this high APR applies right from the transaction date. Use this card to pay for purchases, but when you want cash, stick to debit cards or credit cards with a low cash advance fee (like Barclaycard Ring® Mastercard®, See Terms).
Answer: Capital One® Venture® Rewards Credit Card comes with $0 fraud liability if your card is lost or stolen. You can also set up security alerts which you can receive via email or text messages. These alerts let you know if any unusual transactions occur, and can help you stay secure as you use your card, especially while traveling.
Answer: Yes, you pay up to $35 every time you make a late payment.
Answer: You may be getting this card confused with Capital One® VentureOne® Rewards Credit Card, another travel credit card from Capital One. The similarities in the names and looks of these two cards lead to a lot of confusion. But Capital One® VentureOne® Rewards Credit Card only lets you earn unlimited 1.25X miles per dollar on every purchase, every day. However, it has a $0 annual fee and comes with a 0% intro APR on purchases for 12 months (with a standard 14.24% - 24.24% variable APR after that). If you aren't a big credit card spender and feel you could benefit from a low introductory APR period, then Capital One® VentureOne® Rewards Credit Card provides an alternative to Capital One® Venture® Rewards Credit Card.
However, Capital One® Venture® Rewards Credit Card has one of the highest earning rates of travel rewards available on a U.S. credit card, and is a much more powerful travel rewards card for bigger spenders. I personally prefer getting this card.
More about Capital One® Venture® Rewards Credit Card:
Our Capital One® Venture® Rewards Credit Card Review
Air Miles Credit Cards: What Are Your Miles Worth?
Best Air Miles Credit Cards To Get This Year