The Venture Rewards card is the younger sibling to Capital One’s Venture X rewards card. The card offers a limited set of travel insurance protections, lounge passes and the opportunity to earn generous rewards through the Capital One Travel portal, and might be a good option for an occasional traveler. The Venture Rewards card carries an annual fee of $95.
Use this card for:
- General spending
- Travel spending
- Purchases through Capital One Travel
- Durable goods purchases
Don’t use this card for:
- Purchases in categories where you have another card that earns greater rewards (gas, groceries, dining, etc.)
Bonus spending categories
- 5x – Hotels booked through Capital One Travel
- 5x – Rental cars booked through Capital One Travel
- Extended warranty benefit
- Trusted traveler program reimbursement
- 2 Airport lounge access passes
Welcome offers (First year value: $655)
The Capital One Venture Rewards welcome offer is a good welcome bonus that requires an average spending of $1,333 per month.
What you earn: 75,000 Capital One miles
What you do: Spend $4,000 on the card
When you do it: Within the first 3 months from account opening
About our first year value
Because Capital One miles can be redeemed to offset travel purchases at 1 cent per point, we value them at 1 cent per point; you can get additional value out of your miles through some redemption options.
In addition to the welcome bonus, we factor the following benefits and fees into this card’s first year value:
- Annual Fee – $95
The Capital One Venture Rewards card offers increased earnings for select travel bookings through Capital One Travel, listed below.
Hotels booked through Capital One Travel: 5 miles per dollar
Rental cars booked through Capital One Travel: 5 miles per dollar
All other purchases: 2 miles per dollar
How to use Capital One miles
You can get maximum cash back from Capital One miles by redeeming them as cash back credits that offset travel purchases charged to your card. If you want to increase the value of your miles, you can. All the details on the best uses of Capital One miles are in our Guide to Capital One Miles.
How to apply:
To apply for the Capital One Venture Rewards card, visit the Capital One website.
Should you keep the card after the first year?
The Capital One Venture Rewards card has a $95 annual fee. You should only keep a card after the first year if you receive ongoing value in excess of the card’s annual fee. Here are the benefits that might make this card worth keeping after the first year.
- Airport lounge access passes
- Access to airline and hotel transfer partners
In addition to earning generous rewards on everyday spending, the Capital One Venture card comes with a handful of benefits that will be useful to many cardmembers. Here are the benefit highlights of this card.
Benefits most will use
Airport Lounge Access – Capital One offers 2 free lounge visits per year with the Venture card. Complimentary lounge access passes may be used at a Capital One lounge or at a lounge within the Plaza Premium lounge network.
Trusted Traveler Program Fee Reimbursement: Capital One will reimburse up to $100 for Global Entry or $85 for TSA PreCheck membership when you charge your program application fee to your card. This benefit is limited to one statement credit every 4 years.
Extended Warranty – Extended warranty protection extends your original manufacturer’s warranty of items you purchase with the card and can provide for repair or replacement of an item. Capital One’s extended warranty protection offered on this card doubles the manufacturer’s warranty, up to 1 additional year, for manufacturer’s warranties 3 years or less. Your item may be purchased inside or outside the U.S. but it must include a U.S. warranty.
Secondary Car Rental Loss and Damage Insurance – Car rental loss and damage insurance typically covers theft, damage, loss-of-use and towing of your rental car. Secondary coverage means your personal car insurance or other insurances will pay for damages before your credit card coverage kicks in. You must charge your car rental to your credit card and waive any collision/loss damage waiver offered by your car rental agency. Capital One provides car rental coverage worldwide, with the exception of rentals in Israel, Jamaica, the Republic of Ireland or Northern Ireland. Coverage is provided on rentals of 15 days or less in your country of residence or 31 days or less outside your country of residence.
No Foreign Transaction Fees – This card does not charge a foreign transaction fee for purchases made outside the United States.
Benefits some will use
Purchase Security – Purchase security covers new purchases against damage and theft, up to the limits of coverage. Capital One purchase security covers new purchases for 90 days, up to $500 per claim and up to $50,000 per cardholder.
Lost Luggage Reimbursement – Lost luggage reimbursement provides reimbursement for the value of luggage lost or stolen when being transported by a common carrier. Typically, you must charge your common carrier (e.g. airline, train, bus, etc.) tickets to your account. Capital One provides lost luggage reimbursement of up to $3,000 per trip, or $2,000 per trip for New York residents.