Want flexible miles with the option to redeem for cash back, travel credits, or flights? Get all the travel benefits without a steep annual fee. Unlock exclusive hotels.com discounts and earn 2x Venture miles on your everyday purchases with the Capital One® Venture® Rewards Credit Card.
Capital One® Venture® Rewards Credit Card
Annual fee: $95, waived the first year
Welcome offer: 50,000 miles after $3,000 in spend within the first 3 months of account opening
10x miles on hotels when you book and pay via hotels.com/venture through January 2020
2x miles on all other purchases
12+ Airline transfer partners
Up to $100 application fee credit for Global Entry or TSA Pre✓®
No foreign transaction fees
Welcome Offer and Eligibility
The Capital One® Venture® Rewards card has a 50,000 miles welcome offer after spending $3,000 on the card within the first 3 months of account opening.
Capital One has a few card application rules to be aware of:
You can only have two personal Capital One cards at a time
Co-branded cards are generally excluded
You can only get approved for one Capital One card, personal or business, once every 6 months
There are data points that you can receive a welcome offer multiple times for the same product if you follow the above rules and are approved. However, there is vague language in Capital One’s terms, so it might not be guaranteed if you previously opened the same card.
“The bonus may not be available for existing or previous account holders.”
Capital One® Venture® Rewards Calculator
Ask Sebby crunches the numbers for you to calculate the Expected Value of the Capital One® Venture® Rewards card. For the expected value of Venture miles, we derive the approximate dollar value based on the numbers you enter in the calculator. Scroll down to the end of the post to see our methodology.
The calculator below contains default figures and serve as an example only. Users should insert their own data for the most accurate results.
The results from the above calculator are based on your ability to reach the minimum spend requirement to earn the welcome offer, your amount of spend on different categories, how you plan to redeem Venture miles, and how much relative value you assign to the other benefits.
The “Years” referenced in the calculator refer to the cardmember year, based on when you are approved for the card.
Year 1 = first 12 months of card membership
Year 2 = the following 12 months afterward
Earn 10x miles per dollar spent on hotels.com when you pay with the Venture card, through January 2020.
To qualify for 10x miles, you must book at hotels.com/venture.
Value of Venture Miles
Venture miles are flexible and can be redeemed for flights, hotels, statement credit, and gift cards.
Capital One Venture Miles Redemption Rates
|Value Per Point|
|Cash Back via Account Credit or Check||.5 cent|
|Statement Credit for Travel||1 cent|
|Gift Cards||1 cent|
|Airline Transfer Partners||1-2 cents|
The worst way to redeem Venture miles is cash back since miles are cashed out at 50% value. Cash back is when you request for the points to be added to your account or a check via mail. Redeeming points for statement credit is different than cash back.
When you choose to redeem miles for statement credit, you can select which travel transactions on your statement to “erase” within 90 days of the transaction posting. The travel category is broad and ranges from flight and hotel bookings to Uber and Airbnb purchases.
Airline Transfer Partners
Venture miles can be transferred to 14 airline partners via the Capital One Rewards Mile portal. In most cases, miles are transferred to the airline partner at a 2 to 1.5 ratio, with a few exceptions listed below.
Capital One Airline Transfer Partners:
Aeromexico Club Premier (2 to 1.5 ratio)
Air Canada Aeroplan (2 to 1.5 ratio)
Air France/KLM Flying Blue (2 to 1.5 ratio)
Alitalia MilleMiglia (2 to 1.5 ratio)
Avianca LifeMiles (2 to 1.5 ratio)
Cathay Pacific Asia Miles (2 to 1.5 ratio)
Emirates Skywards (2 to 1 ratio)
Etihad Guest (2 to 1.5 ratio)
EVA Air Infinity MileageLands (2 to 1.5 ratio)
Finnair Plus (2 to 1.5 ratio)
Hainan Airlines Fortune Wings Club (2 to 1.5 ratio)
Qantas Frequent Flyer (2 to 1.5 ratio)
Qatar Airways Privilege Club (2 to 1.5 ratio)
Singapore Airlines KrisFlyer (2 to 1 ratio)
Important: Once you transfer miles to a partner, you cannot reverse the transfer. Airline miles cannot be transferred back to Venture miles.
Before you transfer Venture miles to a partner, be sure to check the award chart for each airline to see if it’s a good value or not. Just because you have the ability to use transfer partners doesn’t mean that you should.
Editorial Note: Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airlines or hotel chain, vendors or companies, and have not been reviewed, approved, or otherwise endorsed by any of these entities.
UGC disclosure: These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.”