![]() ![]() How to use the Capital One Venture Rewards Card’s other perks Do your own research on the mile value of each travel partner before deciding if transferring is right for you. Some of the best ones to transfer your miles to include Aeroplan (Air Canada), Avianca, British Airways and Etihad Airways. However, all travel partners aren’t created equal, depending on the transfer rate or the value of the miles after the transfer. For example, if you find an airline partner that offers a cheaper rate for where you want to go, like Aeroplan from Air Canada, or one that doesn’t tack on additional fees and surcharges, it’s a great way to maximize the value of your miles. Transferring your miles to a Capital One transfer partner can give you access to more places around the world than you might get to by flying on miles alone - and for a better deal. As long as you made the purchase within the last 90 days using your Venture Rewards Card, you can “erase” that expense. Though a less well-known choice, it’s quite a useful one, especially because Capital One defines “travel purchase” quite liberally, including Uber, taxis and public transit. The Capital One Venture Rewards Card also has a rare but useful redemption option - you can redeem any eligible travel purchase on a third-party site as statement credit. In addition, when you redeem for travel purchases, there is no minimum number of miles you have to accumulate before you can redeem, no blackout dates for travel, no expiration dates for miles and no limits on the number of miles you can use. In contrast, when you opt for gift cards (0.8 cents each), statement credits (0.5 cents each) and checks (0.5 cent each), rewards equal only a fraction of a cent. ![]() Whether you redeem a travel purchase through Capital One Travel or make an outside travel purchase, your miles basically equal 1 cent each. The best value for redeeming miles on the Capital One Venture Rewards Card comes from travel. You’ll quickly rack up miles while also building credit,” said Bryce Welker, CPA and owner of CPA Exam Guy, in a previous interview. If you travel a lot as I do, use the card to pay your bills and then pay it off each month. Tip: “I use this card and one of the most attractive features is that you get two times miles for every dollar spent. If you can use the card and still pay the balance off every month, you should be able to rack up significant miles in no time. Keep in mind that every purchase you make on the card earns you an unlimited 2X miles. Note, only new account holders are eligible for the offer. You can earn 75,000 miles - or about $750 in travel - when you meet this threshold. To earn the bonus, you’ll need to spend $4,000 in the first three months after account opening. The first thing you need to do to maximize your rewards on the Capital One Venture Rewards Credit Card is earn the sign-up bonus. How to maximize rewards on the Capital One Venture Rewards If you compare the Venture and the VentureOne, for example, the latter doesn’t charge an annual fee, but only offers 1.25X miles on all general purchases, decreasing the earning potential.Īll in all, the Capital One Venture is a solid choice for earning Capital One miles. If we look at other cards in the Venture family, this is a competitive offer. With a $1,325 monthly spend, we estimate this card’s annual value to be around $328. With these rates, it can be easy to rack up significant rewards by using this card on both general and travel purchases. As such, the Capital One Venture Card earns 5X miles on hotels and rental cars booked through Capital One Travel and 2X miles on all other purchases. Unlike other travel cards with bonus rates across various categories, Capital One travel cards maintain a flat rate, besides its bonus category on Capital One Travel. ![]() Earning rewards with the Capital One Venture Rewards ![]() Still, if you use it as your primary credit card, its benefits will easily outweigh that cost, especially if you’re able to utilize your Venture Rewards Card to its fullest extent. It might be a slight drawback that the Capital One Venture carries a $95 annual fee. If neither of those gets you excited, gift cards, statement credits or cash back are among other options. If you’re not booking flights or hotels, you can still redeem your rewards toward purchases or Capital One Entertainment like VIP tickets and culinary events. Sure, it’s primarily for frequent travelers, but its rewards are flexible enough to provide a benefit even if you’d rather stay at home. However, the Venture X’s sister card - the Capital One Venture Rewards Credit Card continues to be an attractive rewards credit card that can offer something to everyone. After the Capital One Venture X Rewards Credit Card entered the picture, it has taken up much of the conversation surrounding Capital One travel cards. ![]()
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