Capital One Venture Rewards Credit Card (See rates and fees.)

The card currently offers a one-time bonus of 75,000 miles once you spend $4,000 on purchases within the first 3 months of account opening, plus receive a one-time $250 Capital One Travel credit in your first cardholder year – that’s equal to $1,000 in travel

Earning Miles With Capital One Venture

You earn 2 miles per dollar on purchases. That’s the rate I like for all of my spending that doesn’t earn a bigger bonus with other cards, which means the bulk of my spending. I use Capital One for spending because they reward me more. The Venture card has the same primary earn rate and redemption options as the premium Venture X card, but with a lower $95 annual fee.

In addition you earn 5 miles per dollar on hotels, vacation rentals and car rentals booked through Capital One Travel and 5 miles per dollar on Capital One Entertainment purchases through 12/31/25.

Redeeming Capital One Venture Miles

I prefer transferring points to airlines over using points at fixed value against travel expenses.

Capital One’s points do let you buy any flight without worrying about restricted award availability. This is most useful for people who use their rewards for domestic economy flights, and can be especially valuable over peak travel dates. This is done at a value of 1 cent apiece against travel purchases in the form of a statement credit.

The travel category also goes beyond flights to “rail lines, car rental agencies, limousine services, bus lines, cruise lines, taxi cabs, travel agents and time shares.” There’s no minimum points required when redeeming for a statement credit against travel spend.

Here are the partners for points transfers.

• Star Alliance: Air Canada Aeroplan, Avianca LifeMiles, Singapore Airlines KrisFlyer, TAP Miles&Go, Turkish Airlines Miles&Smiles, EVA Air Infinity MileageLands

• oneworld: Cathay Pacific Asia Miles, British Airways Executive Club, Finnair Plus, Qantas Frequent Flyer

• SkyTeam: Aeromexico Club Premier, Air France KLM Flying Blue, Virgin Red

• Non-alliance: Emirates Skywards, Etihad Guest, JetBlue

• Hotels: Choice Privileges, Wyndham Rewards, Accor Live Limitless

I value Singapore Airlines KrisFlyer for booking Singapore’s own premium cabins (availability is better than with partners – indeed, many partners lack access to premium cabin long haul seats entirely).

Singapore Airlines Airbus A350

I find EVA Air to offer good availability to program members using their own miles. And TAP does a good job of making space available at greater than the lowest award price, making them an option when little else is available.

EVA Air Hello Kitty Business Class

Now that many Avios program make better award space available using a program’s own miles, Finnair and British Airways are quite useful. The same applies to Qantas for travel to and from Australia. And Cathay Pacific’s Asia Miles get access to more premium cabin award seats on that airline than oneworld partner programs do.

Cathay Pacific First Class

Cathay Pacific First Class

I’m on record that Air France KLM’s Flying Blue is the best program in SkyTeam. I’ve used their miles frequently for my own business class travels between the U.S. and Europe.

KLM Business Class

KLM Business Class Departure Gift, Delft Houses

Now that Virgin makes some awards available much cheaper both in points and money, I see them as a fantastic path to premium cabin travel to London. And there are few better deals than using Emirates miles to upgrade from business class to first class.

Emirates Airbus A380 Shower Spa

Benefits And Credits

Capital One’s Venture Rewards Credit Card offers a credit of up to $120 for the Global Entry or TSA PreCheck application fee when you pay with the card.

While many card issuers have moved away from premium protections, Venture includes trip cancellation/interruption coverage, rental car coverage, and coverage for lost or damaged baggage as well as extended warranty and purchase assurance on eligible items. Terms apply.

Capital One Venture Rewards Credit Card