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The Capital One Venture Rewards credit card has the highest flat rate rewards rate of any travel card on our radar. And unlike most fixed-rate credit cards, it even gives you a bonus rewards category for hotel and rental car purchases booked through Capital One’s travel portal.
The Venture Rewards card has similar cards when it comes to benefits and additional travel credits. While manyoffer some sort of insurance benefit with account ownership, Capital One goes a step further and offers a handful of benefits, including credit for TSA PreCheck or Global Entry. The problem? you will need and are on the hook for an annual fee of $95.
As far as the rewards program goes, it’s the simplest among its closest competitors, so you won’t have to do a lot of planning to reap the benefits – although some other cards may net you more value. of rewards. The welcome bonus is also comparable to other travel cards.
Read on for more information on the rewards program, booking through the Capital One portal, additional benefits, and other cards you might consider.
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Rewards and travel portal
Rewards are earned in the form of miles with the Capital One Venture Rewards credit card, as is the case with many travel credit cards. You will earn 2 miles per dollar spent on all purchases, as well as 5 miles per dollar spent onand rental cars through Capital One Travel, the issuer’s booking portal.
You can use the miles you earn for travel purchases (not just hotel and car rentals —and experiences, too) through Capital One Travel, or you can redeem the miles as statement credits for travel purchases do not booked through the portal. This gives you some flexibility. Miles are worth 1 cent each when redeemed.
The welcome bonus is in line with other travel credit cards with an annual fee of $95. You get 60,000 bonus miles after spending $3,000 on purchases within the first three months of account opening. The bonus is equivalent to $600 in travel purchases through Capital One Travel or in statement credits for other travel purchases. Not only is it competitive for its genre, but it also matches some of the offerings in our overall picks for the.
This is where the Capital One Venture Rewards card begins to diverge from its closest competitors. The Venture Card offers a host of travel-related benefits that you typically find more with premium travel cards that have annual fees in the hundreds of dollars.
Global Entry or TSA PreCheck credit: When you use your Venture card to claim, you can be reimbursed up to $100. These programs will help you avoid long queues at airports.
Hertz Five Star® Status: With this benefit, you can skip the queues at the rental car kiosk and choose from a wider selection of cars. Note that to register for this benefit, you will need to do so in your account under the Rewards tab.
Capital One Lounge: You get two free visits a year to Capital One lounges, which feature deluxe food and amenities. The problem with this benefit, however, is that this program is still in its infancy. Only one Capital One lounge is currently open – at the Dallas-Fort Worth airport. But two more are slated to open in 2022, at Denver International Airport and Dulles International Airport.
No foreign transaction fees: As with most travel cards and allyou won’t pay any additional fees when you make purchases with your Venture card outside of the United States. usually make up about 3% of the transaction, so they can add up quickly.
Capital One VentureOne Rewards Credit Card
The Capital One VentureOne Rewards credit card is theversion of the Venture card. You’ll earn 1.25 miles per dollar on every purchase, but you’ll still earn 5 miles per dollar spent on hotels and rental cars booked through Capital One Travel. The welcome bonus is also lesser – although more accessible – at 20,000 bonus miles for spending $500 in the first three months of account opening. You don’t get any of the extras (except no foreign transaction fees), but this card comes with a on purchases and for 15 months (15.24% to 25.24% variable APR after that).
Chase Sapphire Preferred® Card
The Chase Sapphire Preferred is a direct competitor to the Venture card. It also costs $95 per year and offers a very similar welcome bonus. While it doesn’t offer travel extras as nice as the Venture card, it does have a rewards program that could yield higher returns for the average cardholder – not to mention increased redemption value. on rewards when applied to trips booked on Chase’s portal, Chase Ultimate Rewards.
See more details in our full review of the.
Citi Premier® Card
The Citi Premier Card is another travel card with an annual fee of $95 and a roughly equivalent welcome bonus. Depending on your spending habits, itsmay be more lucrative than the Chase Sapphire Preferred. However, this card definitely ranks last when it comes to travel extras.
See more details in our full review of the.
How do travel credit cards work?
Travel credit cards turn purchases into points or miles that can be redeemed for travel purchases, such as flights and hotel stays. Sometimes you can redeem these points for cash or a gift card, but you usually get the best rate when you use them to book travel. The best maps have their own travel booking portals through which you can find flights, hotels and rental cars. Sometimes points are worth more when redeemed at credit card company portals.
Airline credit cards and hotel credit cards work like loyalty programs in that you stay in a closed-loop rewards system. You earn rewards when you buy flights or book hotels through the airlines of your choice, and you can use those points for benefits or future bookings through the same airline or hotel group.
How to choose the best travel credit card?
The points and travel benefits you accumulate through a travel rewards program are often redeemed through your credit card issuer’s website (or app), or they appear as credit statement reimbursing you for past purchases you have made with your credit card. Points or miles can also be transferred to travel partners – mainly hotels and airlines – at a fluctuating conversion rate, where they can then be used to book a flight or a hotel room.
To choose the best travel credit card, there are a few key factors to consider:
- Annual fees: Most travel rewards programs have annual fees, some as high as $695, but these fees are usually mitigated by monthly or annual credits.
- Exclusive Benefits: Some travel rewards card options also provide access to exclusive travel benefits, such as airline lounges, priority boarding or VIP hospitality at hotels. The value of these benefits is subjective and you will need to weigh it against your needs and wants.
- Foreign transaction fees: The best travel cards don’t require users to pay foreign transaction fees, so you don’t have to worry about that.
What additional benefits do travel credit cards typically offer?
Most travel credit cards, some of which have high annual fees, include benefits that add value to these cards, such as travel accident insurance, trip cancellation insurance, reimbursement or protection against travel delays, reimbursement for lost luggage and rental car collision damage waiver.
Our approach to credit card evaluation
We review the most popular cards with the best benefits. We go through the fine print so there are no surprises when you open an account. We find the key factors that make a card stand out and compare them to other top cards. This way, readers can opt for a different card with similar functionality if our choice doesn’t suit them. Our opinions are regularly checked and updated to incorporate new recommendations, as well as to reflect changes in offers and the market.
Editorial content on this page is based solely on objective, independent assessments by our editors and is not influenced by advertising or partnerships. It was not supplied or commissioned by a third party. However, we may receive compensation when you click on links to products or services offered by our partners.