Capital One Venture Credit Card | 2024

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The Capital One Venture credit card is suited for frequent travelers. For every dollar spent on a purchase in an online or offline store, the cardholder receives 1.25 bonus miles, which they can use to purchase travel tickets; plus, five miles per dollar spent on hotels and car rentals booked through Capital One Travel. New clients get 20,000 bonus miles if they spend more than $500 within 3 months. The card allows you to book premium seats in restaurants worldwide as well as receive exclusive offers for first-class entertainment programs. The card also has many advantages in terms of financial management. For example, there are no fees for domestic and international transfers. Capital One Venture cards can be managed through a mobile app that meets the standards of modern banking.

Additional information about the Capital One Venture credit card

The Capital One Venture credit card has fairly high-interest rates from 17.99% to 27.99%, depending on the client's credit score. However, it does not charge subscription fees and offers fair conditions on bonus miles. The coefficient x5 is applied to all transactions conducted through the Capital One Travel system. For example, when spending $1,000 per month, the cardholder receives 5,000 bonus miles. Moreover, if they spend at least $500 in the first three months of using the card, they earn an additional 20,000 extra miles on the bonus account.

During the first 15 months of using the Capital One Venture card, clients get a 0% credit rate, which is standard practice for modern banks. What makes this card unique is the complete absence of fees for transactions that lead to a change in the balance. There are no fees for transfers within the cardholder’s country, as well as for international transfers. However, the client pays 3% (or $10) for the cash advance and 3% of the amount of each transferred balance, which is credited to the card during the first 15 months.

Capital One Venture offers many other benefits. For example, earned miles can be converted into loyalty points that can be used on most online platforms, including Amazon. Also, eligible products purchased using this card are covered by an extended warranty. The card’s Capital One Shopping program makes online shopping more profitable thanks to discount vouchers. However, the main part of the card's benefits is still focused on travel, which includes life and car insurance on rented cars, reduced prices for hotels, and refunds for price changes.

Main features of the Capital One Venture credit card

To evaluate the convenience and profitability of a credit card, you need to start with its basic features and conditions of use. This category includes, for example, its interest rate and subscription fee (which is zero in most modern banks). You can see the most up-to-date details on the Capital One Venture credit card in the table below.

Parameter Platinum Edition Visa

Subscription fee

$0

Standard APR

17.99%-27.99%

Rate for new clients

0% in the first 15 months

Recommended credit score

850 (Excellent)

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Pros and Cons of the Capital One Venture credit card

Each card has its pros and cons. However, some aspects are not always obvious to a prospective client. That is why the Traders Union experts analyzed the features of this card and identified its significant advantages and disadvantages. They are listed in the comparative table below.

👍 Pros

No subscription (service) fee

During the first 15 months, the client gets a rate of 0%

Bonus miles are awarded for all purchases

Miles multiplier x5 for orders paid using Capital One Travel

No fee for domestic and international payments

Discounts in stores provided under the Capital One Shopping program

👎 Cons

You must have an excellent credit score to apply for the card.

The minimum rate is 17.99%, which is higher than most of its competitors

In the first 15 months, there is a fee of 3% of the amount of each transferred balance

Benefits of Capital One Venture credit card

Most credit cards issued by American banks offer benefits that mostly focus on cash back (in cash or points) programs. The Venture card from Capital One Bank does not have a cash back feature, but there are bonus miles that can be applied when buying travel tickets. Moreover, through its reimbursement policy, the client can even partially pay for trips already made. Plus, there are other beneficial conditions for booking hotels and restaurants, bonuses on Amazon, and from other bank partners.

Bonus miles

For any purchase using a Capital One Venture credit card, the bank's client receives miles in the ratio of "1 dollar = 1.25 miles". The bank has a Capital One Travel service that allows you to book hotels, and restaurants, buy travel tickets, and rent a car under favorable conditions. For all spending done by the client through this service, they earn bonuses in the ratio of "1 dollar = 5 miles". In a typical circumstance, when you spend $2,000 per month, you receive 30,000 bonus miles per year. No other bank offers similar conditions.

Travel benefits

When the bank's client saves on booking a ticket by using the accumulated miles, they also receive other benefits. For example, free life and car rental insurance in case of an accident or theft. Furthermore, the client can rent cars under favorable conditions. Capital One has a network of partner restaurants in many countries where Venture card holders are provided with priority bookings and special menus. The Venture card is perfect for travelers who can pay with the card abroad without incurring additional fees.

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Loyalty programs

Capital One Bank has many partners and most allow you to exchange Venture miles for points from their loyalty programs. This is convenient when a bank client has a lot of bonus miles and, at the moment, it is more profitable for them to reduce the cost of staying in a hotel or, say, to rent a car at a lower price. The same applies to Amazon's online store, where the holder of a Capital One Venture credit card can use their bonus miles instead of cash. In this way, you can even cover the entire cost of the goods or services.

Capital One Venture credit card fees

Fees are considered by many users to be the main concern when choosing a credit card. Indeed, if the fees are unreasonably high, it will not be possible to compensate users with bonuses. Many banks don't always transparently indicate all the types of fees that are charged to cardholders. Experts at the Traders Union examined the fees and penalties for Capital One Venture cardholders:

The APR for all cash advances is on average 27.99%, but the indicator will vary depending on the client's credit score.

The payment period is 25 days after the closing of the previous billing cycle, and during this period, no fees are charged.

In the first 15 months, the bank charges 3% of the amount of each transferred balance, which is credited to the credit card.

After 15 months from the date of issuing the card, the above 3% fee is no longer charged, and you are relieved from any extra fees.

For each cash advance, you are charged 3% of the amount or $10, whichever is greater.

For late payment, the bank charges the client a penalty of $40, while there are no other fines.

When compared with its competitors, the Capital One Venture credit card has only a few fees and they are transparent. However, the bank requires perfect creditworthiness from the client, so you will not be approved for a card application if your credit score is below 850 points.

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How the Capital One Venture credit card compares with its competitors

To fairly evaluate the perks of the Capital One Venture credit card, it is necessary to compare it with the cards of its competitors. To do this, you will have to spend a lot of time exploring the official websites of various banks. But the Traders Union has made it easy for you with the comparative table below. The data in the table is regularly updated.

Capital One Venture Chase Freedom Unlimited Citi Double Cash Card Discover it Cash Back Bank of America Travel Rewards credit card

Maintenance fee

$0

$0

$0

$0

$0

Standard APR

17.99%-27.99%

17.24-25.99%

16.24%-26.24%

14.24%-25.24%

16.24%-26.24%

Interest rate for new clients

0% in the first 15 months

0% in the first 15 months

0% on money transfers for 18 months

0% on purchases and money transfers for 15 months

0% on purchases for 18 payment cycles, 0% on money transfers for 2 months

Recommended credit score

850 (Excellent)

690-850 (Excellent)

690-850 (Excellent)

690-850 (Excellent)

690-850 (Excellent)

Who can use a Capital One Venture credit card

Based on the advantages of bonus miles and exclusive opportunities from the bank's partners, the Capital One Venture credit card is optimal for frequent travelers (both for travels within their own country and to other regions). The client receives bonus miles for all purchases, and if they use them when purchasing travel tickets, they can save a lot. The exact amount of savings depends on the client's activities. The more they spend, the more bonus miles they get, and the less their ticket booking costs.

With a Capital One Venture credit card, there is no need to trouble yourself about additional local or international fees. This makes the card perfect for those who constantly travel and for those who have to make and accept regular transfers from residents of other countries. Given its partnership with Amazon, as well as the opportunity to exchange miles for loyalty points for various services, many of the advantages of Capital One Bank's Venture card can be called versatile. Moreover, with the Capital One Shopping program, online purchases become even more profitable due to the use of discount vouchers and codes.

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Conclusion

The Capital One Venture credit card is useful for everyone because it provides an extensive list of benefits to the cardholder. With this card, any order in an online store (in particular, on Amazon) can be made more profitable. On the other hand, the cardholder receives exclusive bonuses only when traveling. This includes health, life, and car insurance, discounted prices for booking hotels and cars, and unique offers from restaurants and entertainment venues. Conveniently, bonus miles can be exchanged for loyalty points from the bank's partners. Of course, the Venture credit card from Capital One also has a few disadvantages. For example, a high loan rate, an additional fee of 3% in the first 15 months, and the need to maintain an excellent credit score of 850 points.

FAQ

How is the Capital One Venture credit card beneficial for me as a typical client?

Each purchase brings you bonus miles. You can buy products on Amazon at discounted prices. Bonus miles can be exchanged for loyalty points in various online stores. Plus, the Capital One Shopping program provides exclusive codes and discount vouchers.

What advantages does the Capital One Venture credit card give me if I travel often?

It is beneficial because you earn bonus miles for purchases in the ratio of "$1 = 1.25 miles" or "$1 = 5 miles" when you book hotels or rent a car through the Capital One Travel service. You get discounts and exclusive offers at hotels, restaurants, and entertainment venues globally.

What is unique about the fee policy for the Venture credit card?

It is special in that the bank does not charge fees for domestic and international transfers. There is also no fee for conversion, so it is carried out at the market rate. There is only a fee for a cash advance which is 3% or $10, plus a fee of 3% of the amount of each transferred balance in the first 15 months.

Does the Capital One Venture credit card meet modern online banking standards?

Yes. The client can manage the card using a mobile app that offers all the necessary features. There is a dashboard that shows financial activity, an auto payment function, and notification settings. Also, technical support works 24/7.

Team that worked on the article

Mikhail Vnuchkov
Author at Traders Union

Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.

The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.

Mikhail’s motto: Learn something new and share your experience – never stop!

Dr. BJ Johnson
Dr. BJ Johnson
Developmental English Editor

Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.

The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options. He has also worked on the ratings of brokers and many other materials.

Dr. BJ Johnson’s motto: It always seems impossible until it’s done. You can do it.