13 Capital One Venture Benefits – advisor – Forbes

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The Capital One Venture Rewards Credit Card offers many great additional benefits, most of which are related to traveling and shopping. A great card for those who want to earn flexible unlimited rewards and redeem them for almost anything, the Venture card charges a $95 annual fee. Whether the benefit you’ll receive will outweigh the annual cost of the card is up to you, but we’ve compiled a guide to the card’s benefits to help you figure it out. Capital One recommends applicants have an excellent credit score and suggests 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 for first-time cardholders. You can earn 75,000 miles once you spend $4,000 on purchases within 3 months from account opening. Miles can be redeemed for travel or shopping, making the welcome bonus a great start to getting the best bang for your buck.

If you previously carried a Venture card and are considering applying for it again, you may not be eligible for the welcome bonus. Contact Capital One directly to find out whether you qualify.

Capital One Venture Miles Redemption

The Capital One Venture Rewards Credit Card offers flexibility in how you may use your miles. You can redeem miles for travel, shopping, 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 after you earn 75,000 miles you’ll be able to redeem $750 towards eligible travel expenses. Other redemptions, like cash back as a statement credit may be worth less than a cent.

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 using Capital One Travel. You can pay for an entire flight using miles or partially pay for it and use the Venture card for the remaining costs.

Cardholders can even get reimbursed for 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 Venture card’s best perks are its travel benefits.

  • Complimentary Lounge Access: Cardholders receive two free lounge visits a year to 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 an up to $100 credit for either Global Entry or TSA Precheck application fees.
  • No Foreign Transaction Fees: The Venture card won’t charge any transaction fees for purchases made in foreign countries. It’s one reason you might want to make the Venture card a primary travel card.
  • Travel Insurance and Assistance: Cardholders can apply travel accident insurance to any trip booked using a Venture card. In case of emergency, use the 24-hour travel assistance service. You can also receive an emergency replacement card if you lose your Venture card during a trip.
  • Rental Car Benefits: Venture cardholders can enroll in the Hertz Five Star program and access a more extensive selection of cars. Book using your Venture card to also receive a 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 trips with Capital One Travel using your card or by redeeming miles for travel.

Capital One Venture Shopping Benefits

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

  • Exclusive Dining and Entertainment Access: Cardholders can access exclusive restaurant reservations, unique culinary events and ticket pre-sales 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 accepting Paypal.
  • Capital One Shopping: Capital One Shopping is a shopping site offering discounts on popular items. There’s also a browser extension anyone can download to find exclusive discounts when shopping on other websites from different retailers.
  • Extended Warranty Protection: Eligible purchases made using the Venture card can receive an extended warranty. Contact Capital One to find out if something you’ve been eyeing will qualify.

Other Valuable Benefits

Although the Venture card’s travel and shopping benefits may be the biggest draw, a few other benefits also allow cardholders to receive additional value from use of the card.

Zero Fraud Liability

Like many credit cards worth carrying, the Venture card offers zero fraud liability for lost or stolen credit card information. You won’t be held responsible for any fraudulent purchases if you report fraud quickly.

Credit Monitoring

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

Visa Signature Benefits

The Venture card is part of the Visa Signature program, which has its own set of benefits available to cardholders, including purchase security, lost luggage reimbursement and roadside dispatch in an emergency.

Find The Best Credit Cards For 2022

No single credit card is the best option for every family, every purchase or every budget. We’ve picked the best credit cards in a way designed to be the most helpful to the widest variety of readers.

Bottom Line

The Capital One Venture Rewards Credit Card is a great travel card that can suit anybody’s lifestyle. Remember to read the card’s terms and study the fees carefully before applying. You can see if you’re pre-approved for the Venture card by filling out the pre-approval application on Capital One’s website. Once you get the card, make sure to pay off the balance every month to avoid paying interest and fees. Interest, fees or other issuer charges can make the Venture card’s rewards much less worthwhile.

Frequently Asked Questions (FAQs)

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

Capital One suggests applicants should have an excellent credit score to qualify for the Venture Rewards card. Capital One will likely consider other factors beyond your credit score to make a credit decision. No credit score is a guarantee of approval.

How do I earn rewards?

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 dining, Amazon and more. Each mile is worth 1 cent when redeemed towards an eligible travel purchase or as a statement credit against a previous travel purchase made within 90 days. Redemptions for other purchases may be worth less than 1 cent per point.


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