Benefits of Capital One Venture – Forbes Advisor


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The Capital One Venture Rewards credit card offers many additional benefits, most of which are related to travel and shopping. A great card for those who want to earn flexible unlimited rewards and redeem them for almost anything, the Venture Card charges an annual fee of $95. Whether the benefit you get will outweigh the annual cost of the card is up to you, but we’ve compiled a card benefit guide to help you figure it out. Capital One recommends applicants have an excellent credit rating and suggests that these borrowers are most likely to qualify for the Venture card.

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Capital One Venture welcome bonus

Capital One Venture offers a nice welcome bonus to new cardholders. You can earn 75,000 miles once you spend $4,000 on purchases within 3 months of account opening. Miles can be redeemed for travel or purchases, making the welcome bonus a great start to getting the best value.

If you previously had a Venture Card and are considering reapplying for it, you may not be eligible for the welcome bonus. Contact Capital One directly to find out if you qualify.

Redeeming Capital One Venture Miles

The Capital One Venture Rewards credit card offers flexibility in the use of your miles. You can redeem miles for travel, purchases, statement credits, gift cards and more. With the Venture Rewards card, miles are worth 1 cent each when redeemed for eligible travel expenses. This means that after earning 75,000 miles, you can redeem $750 for qualifying travel expenses. Other redemptions, like cash back in the form of a statement credit, can be worth less than a penny.

Cardholders earn 5 miles per dollar on hotels and rental cars booked through Capital One Travel and an unlimited 2 miles per dollar spent on other purchases.

Cardholders can redeem miles for travel with Capital One Travel. You can pay for an entire flight with miles or partially pay for it and use the Venture card for the remaining charges.

Cardholders can even redeem past trips booked elsewhere using miles. Miles can also be transferred to more than a dozen different travel loyalty programs, mostly with hotel chains or airlines such as Choice Hotels and British Airways.

Capital One Venture Travel Benefits

Among the best advantages of the Venture card are its travel benefits.

  • Free lounge access: Cardholders receive two complimentary lounge visits per year at Capital One lounges and over 100 other lounges through the Partner Lounge Network.
  • Global Entry and TSA PreCheck credit: Frequent travelers will want to take advantage of a credit of up to $100 towards the Global Entry or TSA Precheck application fee.
  • No foreign transaction fees: The Venture card will not charge any transaction fees for purchases made abroad. This is one of the reasons why you might want to make the Venture card a primary travel card.
  • Travel insurance and assistance: Cardholders may purchase travel accident insurance for any trip booked using a Venture card. In an emergency, use the 24-hour travel assistance service. You can also receive an emergency replacement card if you lose your Venture card while travelling.
  • Advantages of rental cars: Venture cardholders can enroll in the Hertz Five Star program and access a wider selection of cars. Book using your Venture card to also receive free collision damage waiver. Cardholders also earn 5 miles per dollar spent on a rental car from Turo through May 16, 2023.

Cardholders should make sure to book travel using a Venture card to receive the most benefits possible. Book travel with Capital One Travel using your card or by redeeming miles for travel.

Benefits of Capital One Venture Shopping

Capital One Venture miles can also be redeemed for purchases. Various purchase and additional purchase benefits apply to purchases made with the card.

  • Exclusive access to restaurants and entertainment: Cardholders can access exclusive dining reservations, unique dining events, and pre-sale tickets to concerts and sports games.
  • Connect to Amazon and Paypal: Cardholders can link a card to Amazon or Paypal accounts to redeem miles for purchases made on or with these platforms. Make a purchase on Amazon using miles or use your Paypal account to buy something from any online store that accepts Paypal.
  • Shopping in the capital: Capital One Shopping is a shopping site offering discounts on popular items. There is also a browser extension that anyone can download to find exclusive discounts when shopping on other websites from different retailers.
  • Extended warranty: Eligible purchases made with the Venture card are eligible for an extended warranty. Contact Capital One to find out if something you are considering qualifies.

Other Valuable Benefits

While the Venture card’s travel and shopping benefits may be the biggest perk, there are a few other benefits that allow cardholders to receive additional value from using the card as well.

Zero Fraud Liability

Like many credit cards worth carrying, the Venture Card offers zero fraud liability for lost or stolen credit card information. You will not be held responsible for fraudulent purchases if you report fraud promptly.

Credit monitoring

Capital One cardholders can quickly access and monitor a credit report using an app called CreditWise. Knowing your credit history is helpful when you’re ready to apply for another credit card or take out a larger loan or mortgage.

Visa Signature Benefits

The Venture card is part of the Visa Signature program, which offers its own set of benefits for cardholders, including purchase security, reimbursement for lost luggage and emergency ground shipping.

Find the best credit cards for 2022

No credit card is the best option for every family, every purchase or every budget. We have selected the best credit cards so as to be the most useful for the greatest number of readers.

bottom line

The Capital One Venture Rewards credit card is a great travel card that can suit anyone’s lifestyle. Remember to read the terms of the card and study the fees carefully before applying. You can see if you are pre-approved for the Venture card by completing the pre-approval application on the Capital One website. Once you get the card, be sure to pay off the balance each month to avoid paying interest and fees. Interest, fees or other charges from the issuer can make Venture card rewards much less attractive.

Frequently Asked Questions (FAQ)

What credit score do I need to qualify for the Venture card?

Capital One suggests that applicants have an excellent credit rating to qualify for the Venture Rewards card. Capital One will likely consider factors other than your credit score when making a credit decision. No credit rating is a guarantee of approval.

You can earn rewards with your Venture card by using the card to make regular purchases. Cardholders earn 5 miles per dollar on hotels and rental cars booked through Capital One Travel and an unlimited 2 miles per dollar spent on other purchases.

What can I redeem my rewards for?

Venture miles can be redeemed for travel purchases or regular retail purchases like restaurants, Amazon and more. Each mile is worth 1 cent when redeemed for an eligible travel purchase or as statement credit for a previous travel purchase made within 90 days. Refunds for other purchases may be worth less than 1 cent per point.


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