The Points Mom

About Capital One Venture Rewards Card

Apply for the Capital One Venture Rewards Card Here

Card Highlights

Capital One Venture Rewards Card is a Credit Card

With a credit card, you can carry a balance and accrue interest if necessary. Note this is not advised by me. The points game does not work well, if you are carrying a balance and accruing interest. See #4 in Let’s Get Started To Earning Free Travel.

Card Rewards

Earn Venture Rewards miles with the card. Learn about Capital One Venture Rewards here.

Sign-up Bonus

Before you apply, make sure you are not limited by any of the Capital One application rules. 

Annual Fee

$95

No Additional Cardholder Fees

There are no additional cardholder fees.

Earn Miles on Spending

Earn unlimited 2X miles on every purchase and 5 miles per dollar on hotels and rental cars booked through Capital One Travel.

No Foreign Transaction Fees

Pay no foreign transaction fees when you use your card on purchases made outside the United States.

Fee Credit for Global Entry or TSA Pre✓

Receive one Global Entry ($100) statement credit or one TSA Pre✓ ($85) statement credit every 4 years for an application fee charged to your card.

Capital One Lounge Access

Get 2 free visits per year to the new Capital One Lounges. You can pass these 2 annual visits to your authorized users or account managers. You can use both at the same time if you want to bring in a guest with you for free.

Plaza Premium Lounge Access

OR, you receive two complimentary visits per year to Plaza Premium Lounges. You can pass these 2 annual visits to your authorized users or account managers. You can also use both at the same time if you want to bring in a guest with you for free.

After your 2 free annual visits, you can purchase lounge passes at a discounted rate of $45 (for all other people it is $65).

Redeem Your Miles Three Ways

You have three ways to redeem your miles for travel

1) Redeem for past travel purchases using Purchase Eraser

You can book your travel and pay using your card. You then need to go online at capitalone.com or call the Rewards Center to use the Purchase Eraser feature to redeem your miles and receive an account credit for the cost of your travel purchase. Note, purchase Eraser redemptions must be made within 90 days from the date your travel purchase posts to your account. Your account credit is usually applied to your balance within 2 to 3 business days after the redemption. Redemptions for a portion of a purchase amount (partial redemptions) are available.

2) Book new travel reservations
Go online to capitalone.com or contact the Cap One Rewards Center to book your travel.  You can then use your miles to pay for your travel. The number of miles needed is based upon the cost of the travel purchase.

Here is how it works with either method:

Simply multiply the cost of your travel purchase by 100. For example, if your travel purchase costs $200, you would multiply that by 100 to determine you need 20,000 miles to redeem.

Note, no matter how you redeem, you can only redeem your miles against travel purchases.  Capital One generally defines travel as purchases made from airlines, hotels, rail lines, car rental agencies, limousine services, bus lines, cruise lines, taxi cabs, travel agents and time shares.

The Points Mom And The Capital One Venture Rewards Card

Read here about why I want this card.

More About The Card

Apply For The Card Here

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Learn More About Capital One Venture Rewards Here