Capital One Venture Rewards full review

Discover the Capital One Venture Rewards Card

Capital One Financial Corporation is an American bank holding company that specializes in credit cards, auto loans, banking, and savings accounts. Headquartered in McLean, Virginia, it operates primarily in the United States and has established itself as a technology-focused bank.

Capital One is known for revolutionizing the credit card industry over 25 years ago with its emphasis on data and technology. Today, it is the sixth-largest bank in the United States.

The bank operates 755 branches and conducts business in the United States, Canada, and the United Kingdom. It ranks as the fifth-largest credit card issuer by purchase volume in 2016, following American Express, JPMorgan Chase, Bank of America, and Citigroup.[8] Additionally, Capital One holds a 5% market share, making it the second-largest auto finance company in the United States.

Capital One’s expertise and reputation in finance are behind the Capital One Venture Rewards credit card. Continue reading to learn more about this product.

How Does the Capital One Venture Rewards Card Work?

As a Capital One Venture Rewards cardholder, you will earn unlimited 2 miles per dollar on every purchase and 5 miles per dollar on hotels and rental cars booked through Capital One Travel. In addition, new cardmembers can take advantage of an offer to earn 75,000 bonus miles once they spend $4,000 on purchases within the first 3 months of account opening.

The Capital One Venture Rewards card has an annual fee of $95, which is slightly above the market average.

Now, let’s address some common questions:

Will the rewards ever expire?

Your rewards will not expire as long as your account is active. However, if you close your account, any unredeemed rewards will be forfeited.

Is there a limit to the amount of rewards I can earn?

There is no cap on the amount of rewards you can earn on purchases.

How can I redeem my rewards for travel?

You have two options for redeeming your miles for travel. You can either redeem them for past travel purchases or book new travel reservations.

Can I redeem my rewards for non-travel items?

You can also redeem your miles for cash in the form of a check or account credit, gift cards, and more. The rates for these redemption options may vary and are subject to change.

Enjoy the Benefits of the Capital One Venture Rewards Card

The benefits of the Capital One Venture Rewards card can be categorized into four main areas:

Travel & Shop

The list of benefits in this category includes:

• No Foreign Transaction Fees.
• 24-Hour Travel Assistance Services.
• Auto Rental Collision Damage Waiver.
• Capital One Shopping (online shopping tool that automatically applies available coupon codes to your order).
• Redeem your rewards with PayPal.
• Capital One Lounge.
• Travel Accident Insurance.
• Extended Warranty.
• Transfer your miles.
• Shop with your rewards at Amazon.com.
• Capital One Travel.
• Partner Lounge Network.

Access

The Capital One Venture Rewards card offers exclusive access to:

• Capital One Dining: Access cardholder-only reservations at award-winning restaurants and tickets to curated culinary events.
• Capital One Entertainment: Enjoy access to can’t-miss events across music, sports, and dining with exclusive pre-sales, tickets, suite experiences, and more.

Protection

Cardholders benefit from the following protection features:

• Security Alerts.
• $0 Fraud Liability.
• Virtual Card Numbers from Eno.
• Card Lock (in case of loss or theft).
• Account Alerts from Eno.
• CreditWise (alerts when your TransUnion® or Experian® credit report changes).

Management

Cardholders can manage their account effectively with these management features:

• Add an authorized user to your account and track spending by user.
• 24/7 Customer Service.
• Manage your account anywhere, anytime via the Capital One Mobile app.
• Autopay.
• Chat with Eno (Capital One Assistant, to manage your account on the go).
• Balance Transfer.
• See Recurring Merchants.

Are There Any Downsides to the Capital One Venture Rewards Card?

The Capital One Venture Rewards card requires a good to excellent credit score. If you are still establishing your financial foundation, this card may not be suitable for you at present. Additionally, the card has a high annual fee of $95.

Interested in Applying for the Capital One Venture Rewards Card?

If you’re interested in applying for the Capital One Venture Rewards card, you’ll need a credit score ranging from good to excellent. Otherwise, the fees associated with the card may not be advantageous for you.

Ready to apply? Click the green button below to learn how to apply for your Capital One Venture Rewards card.

Written by

Claire Harrison