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Capital One VentureSM Rewards Credit Card

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Highlights

  • Named MONEY® Magazine's "Most Rewarding card if you crave free airline flights"
  • Earn double miles on every purchase, every day
  • Redeem your miles for any travel expense
  • New accounts get a $0 intro annual fee for the first year; plus earn 10,000 bonus miles
  • No foreign transaction fee

Rates & Terms

Purchase Intro APR Regular APR Annual Fee Balance Transfer Period
N/A 13.9% – 20.9%* Variable $0 intro first year; then $59 N/A
  • Purchase Intro Period: N/A
  • Balance Transfer Intro Rate: N/A
  • Balance Transfer Rate: 13.9% – 20.9%* Variable
  • Cash Advance Rate: 24.9%* Variable
  • Late Fee: Up to $35
  • Cash advance Fee: Either $10 or 3% of the amount of each cash advance, whichever is greater
  • Balance Transfer Fee: $0
  • Cash Advance Minimum: N/A
  • Balance Transfer Minimum: N/A
  • Credit Profile: Excellent Credit Score

Capital One VentureSM Rewards Credit Card Review

The Capital One Venture Rewards card is Capital One's flagship travel credit card. Indeed, it was named Money magazine’s “Best Rewards Card” for road warriors seeking free flights.  Not to mention, the miles won’t expire, and there is no limit on how many can be earned.

This is a simple, no-frills, fast earning travel card.  You earn two miles for every dollar you spend, and then calculating how much money towards travel purchases that backs out to is easy - you divide the number of miles you have by 100.  Let's say you have 21,700 miles, that equals $217 towards a flight, hotel room, or a number of other things in their rewards categories.

Basically, you earn 2% on the dollar on all purchases to put towards Capital One's rewards category.  No restrictions.  No expiration.  Just Rewards for miles.   There is an annual fee of $59 after this introductory first year, so make sure you are going to be using the card frequently enough in order to compensate for this added cost.