How to Redeem Rewards With the Capital One Venture Rewards Credit Card
Cardholders have multiple options when using their miles for travel. You can use your miles to book a trip directly through the Capital One Rewards Center, but keep in mind that this option may not allow you to easily compare prices because you’re limited to the pricing the portal offers. You may be better off using the card to book travel directly and getting a statement credit.
If you want to potentially get more value out of your miles, consider transferring them to one of Capital One’s transfer partners. Values vary depending on the partner and how you redeem your miles.
Airline transfer partners include:
- Aeromexico Club Premier. (Miles can be transferred at a 1-to-1 value)
- Air France KLM Flying Blue. (1-to-1 transfer value)
- Air Canada Aeroplan. (1-to-1 transfer value)
- British Airways Avios. (1-to-1 transfer value)
- Cathay Pacific Asia Miles. (1-to-1 transfer value)
- Avianca LifeMiles. (1-to-1 transfer value)
- Emirates Skywards. (1-to-1 transfer value)
- Etihad Airways Etihad Guest. (1-to-1 transfer value)
- EVA Air Infinity MileageLands. (Miles can be transferred at a rate of 2 to 1.5 airline miles or hotel points)
- Finnair Plus. (1-to-1 transfer value)
- Qantas Frequent Flyer. (1-to-1 transfer value)
- Singapore Airlines KrisFlyer. (1-to-1 transfer value)
- TAP Air Portugal TAP Miles&Go. (1-to-1 transfer value)
- Turkish Airlines Miles&Smiles. (1-to-1 transfer value)
- Virgin Air. (1-to-1 transfer value)
Hotel transfer partners include:
- Choice Hotels Choice Privileges. (1-to-1 transfer value)
- Wyndham Hotels & Resorts Wyndham Rewards. (1-to-1 transfer value)
- ALL – Accor Live Limitless. (Miles can be transferred at a rate of 2 to 1 loyalty point)
You can also redeem your miles for cash back, gift cards and more, but the redemption values vary for these options, and they may not be as valuable as using your rewards for travel.
What Is the Capital One Venture Rewards Credit Card’s APR?
The Capital One Venture Rewards Credit Card offers high value through its rewards program. But if you carry a balance from month to month, the interest charges will eat into and potentially neutralize that value.
The card doesn’t offer an introductory 0% APR promotion, so any balance you carry will cost you. The interest rate is also slightly above average compared with other travel credit cards, according to U.S. News research, with a 20.24% – 28.24% (Variable) APR.
What are the Fees Associated With the Capital One Venture Rewards Credit Card?
- Annual fee: The Capital One Venture Rewards Credit Card charges a $95 annual fee.
- Foreign transaction fee: None.
- Balance transfer fee: $0 at this Transfer APR.
- Cash advance fee: The cash advance fee is 3% of the amount of the cash advance, but not less than $3.
- Late payment fee: The Capital One Venture Rewards Credit Card has a late payment fee up to $40.
How Do You Get Approved for the Capital One Venture Rewards Credit Card?
You’ll need at least good credit for approval, but having excellent credit can improve your likelihood of getting the Capital One Venture Rewards Credit Card. Be sure to fill out the application completely and accurately, and contact Capital One for reconsideration if you’re not initially approved.
- Spend enough to offset the annual fee.
- Plan to redeem your rewards for travel.
- Desire flexible travel redemption options.
- Want an application fee credit for TSA PreCheck or Global Entry, and don’t want foreign transaction fees.
Questions About the Capital One Venture Rewards Credit Card
Q: Is the Capital One Venture Rewards Credit Card a good card?
The Capital One Venture Rewards Credit Card is a leading travel credit card with a two miles per dollar rewards rate, plus five miles per dollar on rental cars and hotels booked through Capital One Travel, and easy redemption options. The annual fee is $95. It can be a good card for consumers who spend enough to offset the annual fee and who use the miles earned for travel.
Q: What credit score do you need to get the Capital One Venture Rewards Credit Card?
Good to excellent credit is needed for the Capital One Venture Rewards Credit Card. You should have a FICO credit score of at least 670.
Q: How much are Capital One Venture miles worth?
Miles are worth 1 cent each, but their value varies depending on how you use them.
For Capital One products listed on this page, some of the above benefits are provided by Visa(R) or Mastercard(R) and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.