Capital One® Venture® Rewards Credit Card Review: Most Versatile Travel Rewards Card

Capital One Venture Rewards Credit Card Review: Most Versatile Travel Rewards Card
ChooseFI has partnered with CardRatings for our coverage of credit card products. ChooseFI and CardRatings may receive a commission from card issuers.
Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.  See our disclosures for more info.

In the world of credit cards, there are generally two attributes that stand out for travel rewards fans: value and versatility.

Most of our favorite travel rewards cards rank well in both, but when it comes to versatility, the Capital One® Venture® Rewards Credit Card is the undisputed champion in our books.

Here’s why.

Flexible Fixed Value Miles

Sometimes, no amount of travel rewards wizardry is going to get you a decent redemption. This is where the versatility of fixed value miles comes in handy, where you “erase” your travel expenses when a normal redemption is just not possible.

These would be things like tickets to Disney through Undercover Tourist, or airlines or hotels where you do not have miles saved up, or where it is a peak travel period and a free award redemption is just not possible.

Anything that “codes” as travel on the credit card can be “erased” with miles. Each mile is worth 1 cent for these redemptions. Period.

In a pinch, you could even pay for a travel expense before you have completely earned your bonus, then redeem it later after your trip, and after the bonus has landed in your account.

Learn more about this card here

Transferable Miles

You can now transfer Capital One Venture miles to several airlines. Some of these airlines with great redemption values include Air Canada and Singapore Airlines, which allow you to redeem domestic flights on United at a solid value.

Capital One Venture Rewards Credit Card Sign-Up Bonus

With the Capital One Venture Rewards Credit Card, you earn 50,000 bonus miles once you spend $3,000 on purchases within the first three months from account opening. With 2x miles on every dollar spent, you earn 6,000 miles for the $3,000 spending requirement for a total of 56,000 Capital One miles, or $560 in travel expenses!

After that, you earn two miles on every dollar you spend on the card. This is a higher, across the board earn than even our beloved Chase Sapphire Preferred Card.

Earn Even More When You Book Through Hotels.com/venture

Your ability to earn points gets a huge bump to 10x per dollar through January 2020 if you use your Capital One Venture Rewards Credit Card to book your accommodations on Hotels.com/venture.

It gets even better.

You get your 11th night free with Hotels.com, so you could potentially get tremendous value here, especially if you consider yourself a free agent and choose not to accumulate points or elite status with any hotel particular loyalty program.

Compare this card with other travel rewards cards here

Combine Miles With Any Friend Or Family

One of the standout benefits of Capital One Venture Rewards Credit Card is the ease of transferring your Capital One Venture miles to family and friends, making it easy to pool bonus points for big international redemptions.

Other Capital One Venture Rewards Credit Card Features

Annual Fee

The Capital One Venture Rewards Credit Card has a $95 annual fee that is waived the first year. As annual fees go, this is very reasonable. If you spend more than $5,000 on this card per year you will come out ahead (10,000 miles earned on the $5,000 spend = $100 flexible travel redemption).

However, if you use it to cover to your cost of Global Entry, you’ve made back your annual fee right there!

Up To $100 For TSA Pre-Check Or Global Entry

The Capital One Venture Rewards Credit Card is one of a few non-ultra premium credit card that gives you up to a $100 a statement credit when you use the card to apply for either TSA Pre-Check or Global Entry.

TSA Pre-Check crushes your wait time at TSA security, while Global Entry expedites your reentry into the USA when you travel internationally. TSA Pre-Check comes free with Global Entry, so you’re better off just getting Global Entry.

This is usually a perk that comes with premium cards that have a far higher annual fee. For instance, this is a perk that is excluded from even the Chase Sapphire Preferred Card, which is our all-time favorite travel rewards card.

Learn more about this card here.

Pairs Well With The Chase Sapphire Preferred Card

While we are discussing the Chase Sapphire Preferred Card, we should note that the Capital One Venture Rewards Credit Card actually pairs really well with the Chase Sapphire Preferred Card because each card has benefits and advantages that covers what is missing from the other.

Together, the two cards cover just about all the most common features prized by travel rewards nerds.

Check out our full review of the Chase Sapphire Preferred Card.

 Capital One Venture Rewards Credit CardChase Sapphire Preferred Credit Card
Annual Fee$95, waived the first year$95
Airline Transfer PartnersSingapore, JetBlue, and othersSingapore, JetBlue, and others
Hotel Transfer PartnersEarns 10X miles through hotels.com/ventureCan transfer points to Hyatt and Marriott
Earning Rate2 miles per dollar spent2 points per dollar spent on travel and dining. 1 point per dollar spent on everything else
Ease Of Pooling Miles & PointsLet's you transfer your miles to anyoneLet's you transfer your points to household members
Speed Of Earning Bonus And Miles & PointsMiles are credited to your account within days of earning themPoints are transferred to your account at the end of the statement period
Flexible Fixed ValueCapital One Miles can be used to cover any travel purchase at one cent per mile.Chase Sapphire Preferred Card gives a 25% discount through the Chase Travel Portal.
TSA Precheck And Global Entry CreditYesNo
Auto Rental CoverageSecondaryPrimary
Learn more hereLearn more here

Airline Transfer Partners

The Chase Sapphire Preferred Card has among its transfer partners domestic carriers like United and Southwest, as well as British Airways. But for a few airlines like Singapore Airlines and JetBlue, both the Chase Sapphire Preferred Card and the Capital One Venture Rewards Credit Card transfer, which means you can build up more points even quicker.

Having both these cards in your wallet gives you access to a variety of airlines. However, if you want to fly Singapore Airlines or JetBlue you can earn miles in double time since they both transfer there.

Hotel Transfer Partners

The Chase Sapphire Preferred Card lets you transfer points to the Hyatt and Marriott groups. On the other hand, through January 2020, the Capital One Venture Rewards Credit Card gives you 10x points plus the 11th night free with Hotels.com if you prefer to be a free agent and value flexibility more.

These cards work together as a team because if you are able to get a great deal on Hyatt or Marriott with the Chase Sapphire Preferred Card you can use that. If not, then you can use hotels.com/venture to book for 10 miles per dollar spent, plus an 11th night free. With these two cards in your pocket, you should be able to get a good deal anywhere you want to stay.

Earning Rate

The Capital One Venture Rewards Credit Card lets you earn 2x per $1 on all spend. The Chase Sapphire Preferred Card provides that same earning rate only for travel and dining, and only 1x for all other expenses.

So use your Chase Sapphire Preferred Card on travel and dining and use your Capital One Venture Rewards Credit Card on everything else. That way are you earning 2X on both cards for all your purchases.

Compare this card with other travel rewards cards here.

Ease Of Pooling Points

The Capital One Venture Rewards Credit Card lets you transfer points to anyone. The Chase Sapphire Preferred Card lets you transfer only to other members of the same household.

If you are traveling with friends and want to share points the Capital One Venture Rewards Credit Card is your better bet, but either card will allow you to pool points with members of your household.

Speed Of Earning Bonus And Points And Miles

The Capital One Venture Rewards Credit Card posts bonus and miles earned within days of you earning them. The Chase Sapphire Preferred Card, like all Chase cards, do not post points earned until the end of the statement cycle. If you need points in a pinch to top off a redemption to Singapore Airlines or JetBlue, this is a perfect way forward.

Flexible Fixed Value

The Capital One Venture Rewards Credit Card gives you great flexibility with redemptions on any travel paid with the card and gives you a 1 cent per mile redemption. The Chase Sapphire Preferred Card does something similar with flexible travel booked through their Travel Portal: you can redeem at 1.25 cents per point, so a $250 flight will only cost 20,000 Ultimate Rewards points.

This gives you access to two ways to get a great deal. Book through Chase Travel Portal when possible, but you can always use your Capital One Venture Miles to cover your costs anytime you find a good deal outside of the Chase portal.

TSA Pre-Check/Global Entry:

Like we discussed earlier, the Capital One Venture Rewards Credit Card provides a statement credit up to $100 (they allow this once every four years you have the account!), so you should get the more valuable Global Entry since it will be covered when you pay the application fee using the Capital One Venture Rewards credit card.

Learn more about this card here.

Primary Auto Rental Coverage:

Here the Chase Sapphire Preferred Card is the top dog because it provides primary Loss or Collision Damage Waiver coverage. The Capital One Venture Rewards only provides secondary coverage, which means your personal automobile insurance policy would still bear the brunt of repair costs should there be an accident.

Bottom Line

The Capital One Travel Rewards Credit Card is an extremely flexible travel rewards card. Earn two miles per dollar spent and ten miles per dollar spent at hotels.com/venture. Each point is worth one cent and can be used to “erase” travel expenses from your account.

When paired with the Chase Sapphire Preferred Card, your options are almost unlimited.  For these reasons, we highly recommend the Capital One Venture Rewards Credit Card, especially after you have completed your 5/24 cards.

Learn more and see if this card is right for you.

Related Articles

ChooseFI has partnered with CardRatings for our coverage of credit card products. ChooseFI and CardRatings may receive a commission from card issuers.
Share on facebook
Facebook
Share on google
Google+
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on pinterest
Pinterest

Comment Disclaimer: 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.

Leave a Comment