Capital One Venture Rewards Card Review – A Great Traveler’s Companion?


Traveling can really be costly, but wouldn’t it be nice to earn travel by doing things you already do every day? Having a friend like the Capital One Venture Rewards Card in your wallet that can help you out would be pretty awesome. Free flights, hotel stays or car rentals are always a blessing when faced with the ever-rising costs of vacationing, so why not keep that little friend with you to give you that extra assistance? Make travel-planning less stressful with no restrictions on where you go or how you get there, or having to go only within a certain timeframe. Few cards can give you all these benefits and more.

Finding the right credit card that enables you to gain rewards faster is really important if you have dreams to see the world. You want to be able to spend more time jetsetting rather than figuring out how to actually redeem your rewards. The Capital One Venture Rewards Card is one of the better credit cards for those who want to take trips on their own schedule and go more often. Unlike other cards that give you a different amount of miles on certain purchases, you earn double miles on every single purchase that never expire as long as your account is active. So you never have to hurry to redeem your miles, meaning you can wait until you have enough miles for the trips you have always wanted to take. You can also gain a large bonus for purchases made in the first three months of use.

The Capital One Venture Rewards Card has appeared in Money Magazine’s “Best” issue three years in a row as the most rewarding card for airline flights in 2010, 2011 and 2012. Miles are easy to redeem, with no blackout dates or restrictions. You find your travel deals, purchase them on your Venture Card and get reimbursed by Capital One based on how many points you have.

Benefits of the Capital One Venture Rewards Card

  • While the card does have a $59 yearly fee, enjoy a fee-free first year. This fee can be offset when you redeem rewards each year.
  • Spend $2,000 in the first three months and earn a bonus 20,000 miles.
  • 0% foreign transaction fees, which is fantastic for those who travel internationally, as this is generally 3% of your purchase. Some cards charge up to 5%. You’ll also get competitive exchange rates.
  • 0% balance transfer fees for the first year.
  • $0 fraud liability that completely covers purchases made if your card is ever lost or stolen.
  • There is no limit to how many miles you can accrue.
  • You don’t have to redeem your miles for travel, but you can also use them on gift cards and merchandise.

Make travel easier and more affordable by using your Capital One Venture Rewards Card

Not only can you book any flights, hotel rooms or rental cars that you want on your Capital One Venture Rewards Card, you are not limited to available reward seats on any airlines and receive free upgrades as well. Get 24-hour travel assistance that will help you at home or on vacation. If your card is ever lost or stolen, you’ll be able to get a quick replacement and cash advance if needed. Any travel you book on your card will be covered by travel accident insurance at no charge.  And if your luggage gets sent off course and doesn’t make it to your destination with you, you’ll be covered – up to $3,000 – for replacement clothing and necessities.

If you’ll be renting a car on your trip, rental insurance will be automatically included when you’ve used your Capital One Venture Rewards Card to pay for it. When driving your own car, never worry about breaking down, because your card covers you with 24-hour roadside assistance. Help is on the way if you get a flat tire, lock yourself out or need a tow. By not having to have a separate motor club membership, you have practically paid for the annual fee right there.

Shop at top retailers and online merchants with your Capital One Venture Rewards Card for special discounts, saving you even more on your trip or for clothing and travel gear before you go. All purchases are protected by an extended warranty. Make your trip even more memorable with access to great seats to special events, concerts and other activities that can be hard to get tickets to otherwise.

Each mile is worth one cent, making it easy to calculate your rewards. Got 50,000 miles in your account? You’ve earned a $500 plane ticket, hotel room or rental car. The more money you save on your travel bookings, the further your miles stretch. If you’re a budget-minded traveler, this card is greatly valuable for you.

Details of the Capital One Venture Rewards Card

  • Based on your credit rating, the rate on both purchases and balance transfers is 13.9%-20.9% variable APR.
  • Cash advances have a fee of 3% or $10 (whichever is greater) and 24.9% variable APR.

Though the Capital One Venture Rewards Card is one of the hardest credit cards to get, if you have excellent credit, it is also one of the most beneficial. Travel the globe much more and for much cheaper. It is one of the rare 2% cards that includes concierge service and lets you plan your own travel on your own schedule. If you spend a large amount each month on your credit cards, this could be the card for you, especially if you don’t normally carry a balance.

There are very few cards that give you a true 2% on all purchases, so if you are approved for the Capital One Venture Rewards Card, not only will you have one of the best cards on the market, but you’ll also find yourself flying more frequently to visit all those places you have on your travel wish list.

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