The Capital One Venture Rewards Credit Card earns 2x miles everywhere and offers valuable benefits such as no foreign transaction fees, a Global Entry credit, purchase protection, and rental car insurance.
This article will cover everything you need to know about this card to determine if you should add this card or a different card to your wallet. Let’s dive right in.
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- 5x Miles on Hotels and Rental Cars via Capital One Travel
- 2x Miles Everywhere Else
- 2 Free Visits to Capital One Lounges Each Year
- Global Entry or TSA Pre-Check Credit
- Hertz 5-Star Elite Status
- Rental Car Insurance and Extended Warranty
- $95 Annual Fee
Welcome Bonus
The Venture Rewards currently offers the following welcome bonus:
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Earning Miles
The Venture Rewards earns miles at the following rates:
- 5 miles per dollar on hotels and rental cars booked through Capital One Travel.
- 2 miles per dollar on every purchase.
Annual Fee
The Venture Rewards card has a $95 annual fee, which you can offset by using the two annual airport lounge passes, Hertz Five-Star status, and travel and purchase protections.
Venture Card Benefits and Perks
The Capital One Venture offers the following benefits and perks:
2 Free Airport Lounge Visits Each Year
The Venture Rewards card gets you access to two free visits per year to Capital One lounges or via Capital One’s Partner Lounge Network.
If you want unlimited access, the best option is to get the Capital One Venture X Rewards Credit Card (review), which is one of my favorite credit cards.
Global Entry / TSA Pre-Check Credit
This card offers a Global Entry or TSA PreCheck fee credit like many other travel cards.
TSA PreCheck is a membership program offering dedicated airport security lines and faster security screening (typically 5 minutes or less) at more than 200 airports across the United States and includes over 81 airlines.
Global Entry includes TSA PreCheck and expedited immigration upon arrival from an international trip back to the United States.
No Foreign Transaction Fees
This card has no foreign transaction fees on purchases outside the U.S., which is helpful if you travel internationally to help you avoid paying a 3% fee on those international purchases.
Extended Warranty
Credit card extended warranty protection adds up to an additional year of coverage for eligible purchases on manufacturer’s warranties up to 3 years.
Coverage matches the protection provided by the original warranty so that damage or defect would have to be covered by the original warranty for extended warranty coverage.
Purchase Protection for 90 Days
Purchase protection can save you a lot of money if you bought an eligible item that is damaged or stolen within 90-days.
For example, if accidentally dropped your new phone or laptop and broke the screen, you could file a claim to get it replaced if it was purchased within the last 90 days.
Secondary Rental Car Insurance
Secondary rental car insurance covers any damage to or theft of a rental car not covered by your primary insurance when you pay for the rental using this card.
Other credit cards offer primary rental car insurance, which pays before your insurance and saves you the hassle of filing multiple insurance claims.
You still need to maintain liability car insurance to cover damage to another person or property.
Hertz 5-Star Elite Status
The Capital One Venture gives you Hertz 5-Star Elite status after linking your account, which gives members:
- A 25% Points Bonus
- Upgrades (if available) or at Ultimate Choice locations, you can choose a car from the 5-Star Aisle when you book an intermediate car or higher
- Free additional driver for spouse of domestic partner
Lost Luggage Reimbursement
Baggage insurance covers the cost to repair or replace your luggage and the contents inside if your bag is lost or damaged during a covered trip.
You must purchase the trip with this card, and it will also cover immediate family members traveling with you.
Pros and Cons of the Capital One Venture Rewards
Here’s a quick overview of this card’s advantages and disadvantages:
Pros:
- 2x miles everywhere makes this a great option for everyday spending.
- 2 free airport lounge passes each year.
Cons:
- The Capital One Venture X Rewards Credit Card (review) is a better deal despite its much larger annual fee.
Alternatives to the Venture Rewards Card
Now that you know about this credit card’s various benefits and pros and cons, it’s time to see its alternatives.
Capital One Venture X Rewards Credit Card
The Capital One Venture X Rewards Credit Card (review) is a premium travel rewards card that’s perfect for travelers who want outstanding travel perks like annual travel credits, worldwide airport lounge access, and travel and purchase protections.
The Venture X earns 2x miles on all purchases helping you maximize every dollar of your spending. Plus, you can earn 10x miles on hotels and rental cars, and 5x miles on flights booked through Capital One.
The card has a $395 annual fee, completely offset by a $300 annual credit for bookings through Capital One Travel, and 10,000 points (worth at least $100) for each account anniversary.
Plus, you get airport lounge access via Priority Pass, Capital One, and Plaza Premium Lounges, Hertz President’s Circle elite status, Global Entry or TSA PreCheck credit, rental car insurance, trip and luggage insurance, cell phone insurance, and purchase protection.
Chase Sapphire Preferred® Card
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- 5x Points on Travel Booked Via Chase
- 3x Points on Dining and Eligible Delivery Services
- 2x Points on All Other Travel Purchases
- 10% Anniversary Points Boost
- Trip Delay and Trip Cancellation Insurance
- Primary Rental Car Insurance
- $95 Annual Fee
The Chase Sapphire Preferred® Card (review) is one of the best rewards cards for travelers who want solid earning rates for travel and dining expenses.
For only $95 per year, this card earns 5x Chase Ultimate Rewards points on travel booked through the Chase Ultimate Rewards portal, 3x points on dining, online groceries, and streaming services, and 2x on all other travel purchases.
Cardholders will also get a 10% anniversary points bonus, a 12-month DoorDash DashPass subscription when activated by December 31, 2024, and a $50 anniversary hotel statement credit.
Plus, it provides extensive travel protections, including trip delay, primary rental car, baggage, and purchase protection plans.
Citi Premier® Card
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- 3x Points at Restaurants, Supermarkets, Gas Stations, Air Travel, and Other Hotels.
- $100 Off a Single $500 Hotel Stay Per Year
- Extended Warranty and Purchase Protections
- $95 Annual Fee
The Citi Premier® Card is the best card for earning points because it offers 3x points at:
The Premier card also comes with no foreign transaction fees, purchase protection, and an extended warranty for items purchased, adding an additional 24 months to the manufacturer’s warranty.
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- 5x Miles on Hotels and Rental Cars via Capital One Travel
- 2x Miles Everywhere Else
- 2 Free Visits to Capital One Lounges Each Year
- Global Entry or TSA Pre-Check Credit
- Hertz 5-Star Elite Status
- Rental Car Insurance and Extended Warranty
- $95 Annual Fee
