Travel rewards credit cards can save money by earning points or miles to pay for free flights, hotels, and other travel expenses. According to the 2021 Harris Poll, an estimated 28% of Americans say they want to use travel miles or points to book their next adventure. Capital One Venture Rewards is a travel reward earning option. The program is specifically aimed at travelers who prefer to earn miles through shopping rather than points or cash back.
Central thesis
- Capital One Venture Rewards is a rewards program that provides travel miles for purchases made with select Capital One credit cards.
- Venture Miles can be used to book flights, hotels, car rentals or other travel.
- Travelers can also transfer Venture Miles to over 15 travel partners.
- Capital One Venture Rewards Miles are worth about 1 cent each.
Learn about Capital One’s Risk Rewards
Capital One Venture Rewards is a rewards program for certain Capital One travel rewards credit cards. The program allows travelers to earn miles on eligible purchases. These miles can be redeemed for travel expenses. The number of miles earned per dollar spent may depend on which card the user has. There are currently four personal credit cards available to earn Capital One Venture Rewards miles:
Capital One Startup Rewards Card
The Capital One Venture Rewards Credit Card offers unlimited 2 miles for every $1 you spend on eligible purchases. So a traveler who spends $25,000 a year on a credit card can get 50,000 miles. New cardholders also have the opportunity to earn an introductory bonus of 60,000 miles by meeting minimum spend requirements.
This card offers some valuable travel benefits, including:
- Global Entry or TSA PreCheck Fee Credit
- Travel accident insurance
- 24-hour travel assistance service
There are no international transaction fees on this card, but there is a $95 annual fee.
Capital One VentureOne Rewards Credit Card
The Capital One VentureOne Rewards Credit Card offers unlimited 1.25 miles per dollar on eligible purchases. So, someone who spends $25,000 a year can earn 31,250 miles a year with this card. New cardholders who meet certain spending requirements also receive an introductory bonus of 25,000 miles.
Features and benefits of this card include:
- Travel accident insurance
- Comprehensive car rental insurance
- Extended Warranty Protection
With this card, there are neither foreign transaction fees nor annual fees.
Capital One Venture X Rewards Credit Card
Launched in November 2021, the Capital One Venture X Rewards Credit Card is a premium travel card with an annual fee of $395. Among other risk card benefits, it offers 10 miles per dollar on hotels and rental cars booked through Capital One Travel, 5 miles per dollar on flights booked through Capital One Travel, and 2 miles per dollar on other purchases. It also offers the chance to earn an introductory bonus of 75,000 miles and an annual anniversary bonus of 10,000 miles.
Capital One VentureOne Credit Rewards
The Capital One VentureOne Rewards for Good credit card is for people who have good credit but may not be eligible for a Venture Rewards, VentureOne Rewards or Venture X Rewards card due to their credit history. This card earns 1.25 unlimited miles per dollar with no annual fee.
The same basic card benefits and redemption options apply. However, there is no introductory bonus, and cardholders who qualify for this card cannot use the introductory APR on purchases or balance transfers.
How to Earn Capital One Venture Rewards Miles
Earning Venture Rewards miles is as easy as shopping with an eligible Venture Rewards credit card. The main differences between the four cards available are the number of miles you earn per dollar spent and whether you pay an annual fee.
Assuming you have a Venture Rewards card, you can pay unlimited double miles on every purchase. Your typical annual expenses are as follows:
- Groceries: $4,942
- Gasoline: $1,568
- Clothing: $1,434
- Dining out: $2,375
- Entertainment: $2,912
- Personal Care: $646
- Other: $907
The numbers reflect the average annual spending per household as measured by the Bureau of Labor Statistics. 6 Now suppose you charge an additional $10,000 per year for travel. Her total spending this year is $24,784. Based on that, assuming you can write all of these charges to your card, you’ll accumulate 49,568 miles for the year.
Earn more risk miles with introductory bonuses
Venture Rewards is one of many travel rewards programs that offer introductory sign-up bonuses to eligible new cardholders. The Venture Rewards, VentureOne Rewards and Venture X Rewards cards all offer bonuses, while the VentureOne Rewards for Good Credit card does not. Here’s a quick look at each card’s bonus comparison.
| Capital One Venture Rewards Introductory Miles Bonus | |||
|---|---|---|---|
| Capital One Venture Rewards | Capital One VentureOne Rewards | Capital One Venture X Rewards | |
| Bonus miles | 60,000 | 25,000 | 75,000 |
| Minimum spending requirement | $3,000 in first three months | $500 in first three months | $4,000 in first three months |
The Venture Rewards and Venture X Rewards cards offer the biggest bonuses, but you have to spend more than you would with the VentureOne Rewards card to get one. Therefore, it’s important to consider your typical spending habits to determine whether bonuses are within your reach.
How to redeem Capital One Venture Miles
There are several ways to redeem Venture Miles. This includes:
- Travel (hotels, flights, rental cars, etc.)
- Bank statements
- Pay for purchases with PayPal
- Shop on Amazon.com
- gift card
Rewards do not expire as long as your account remains open and in good standing. There is no limit to the number of rewards you can earn, and no minimum redemption requirements. 7
What is the value of Capital One Venture Miles?
Miles earned through the Capital One Venture Rewards program are worth about 1.02 cents when redeemed for travel, according to Investopedia calculations. For example, 50,000 miles are worth about $510.
However, this is an average and you may get slightly less reward if you use them for other purposes, such as: B. For gift cards or purchases from Amazon.com.
Capital One Venture Mileage Transfer Partner
Capital One offers the ability to transfer Venture Miles to over 15 travel partners. The travel partners are:
- Accor Live Limitless
- Air France KLM
- Aeromexico
- Air Canada
- Avianca LifeMiles
- Asia Miles
- British Airways
- Etihad Airways
- Emirates Skywards
- EVA Air
- Qantas
- Finnair
- Singapore Airlines
- Turkish Airlines
- TAP Air Portugal.
Miles can also be transferred to selected hotel partners. Typically, miles are transferred on a 1:1 basis, although some travel partners may offer more or less per-mile value. Therefore, if you plan to transfer miles, be sure to calculate the potential value of your miles between different travel partners to avoid losing value.
Frequently Asked Questions
What is the Capital One Risk Reward?
Capital One Venture Rewards is a travel mileage program offered using the Capital One Venture Rewards credit card. Through this program, cardholders can earn unlimited travel miles on purchases and redeem those miles for flights, hotels, and more.
What is the value of Capital One Venture Miles?
A mile earned in the Capital One Venture Rewards program is worth about 1 cent when redeemed for travel. When miles are used for gift cards, purchases, or other off-trip redemption options, the redemption value may be lower.
Can Capital One Venture Miles transfer to other travel programs?
Yes, Capital One Venture Miles are transferable to 15+ travel partners, including airlines and hotels. Some of these travel plans offer 1:1 point transfers, but not all.
Final result
Capital One Venture Rewards is a rewards program that provides travel miles for purchases made with select Capital One credit cards. Mileage varies by card. Miles can be redeemed for flights, hotels, rental cars and other expenses.
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