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Capital One Venture Review: Good if you’ve given up on airline miles

Pros

Double miles on everything. No confusion about categories – just simple 2x miles on all your purchases.

Use your miles for any travel purchase. Just buy it with your card, then use your miles later to erase some or all of it. Even if it’s only $1. And you can book any airline you want, even Southwest. Just pay for your travel with your card wherever you normally buy flights, like the airline website and use your miles to erase the charge afterward.

Cons

Annual fee. It’s waived the first year, but after that it’s $95.

Can’t mix with airline miles. These miles can’t be mixed and combined with the airline miles you might have already earned from flying.

Overall Rating
4/5 Stars   
Key Features
  • Earn unlimited 2X miles on every purchase
  • Fly any airline, stay at any hotel, anytime
  • No blackout dates or seat restrictions
  • New accounts get a $0 intro annual fee for
  • the first year; plus earn 50,000 bonus miles
  • No foreign transaction fees
 

Chase Sapphire Preferred® Card

Miles dont expireas long as card is open
Learn more

Partner Offer

50,000 bonus points

Intro Offer

$0 introductory annual fee the first year, then $95

Annual Fee

Yes

Foreign Transaction Fee Waived

Yes - transfer to United MileagePlus, Southwest Rapid Rewards, Marriott Rewards, and more

Points Can Transfer to Airline Miles ?

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"These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered."

18 thoughts on Capital One Venture Review: Good if you’ve given up on airline miles

  1. Anaj

    We will be flying Allegiant Airlines a lot. Will I be able to use these miles towards my allegiant purchases? Or should I get the allegiant Mastercard?

    Reply
  2. David

    I’m new to the idea of miles. When do you receive them when the charge is put on the card or when you’ve made a payment to the account

    Reply
  3. Lilian

    I would like to know how many miles I will need to be able to get a round trip from St Louis mo to Brasil? And how do I do the exchange? do I cash my miles or I pay with my card and use the miles to pay balance?

    Reply
    1. MileCards.com

      @Lilian – You just buy the ticket with your card on any site or anywhere you’d like. Every 1,000 points you have is worth $10 off the cost of the flight. So if you have 50,000 points you can take $500 off the cost of the flight. It’s okay to have less points than the full cost of the flight – so if the flight costs $1,000, 100,000 points would cover the whole thing, but if you only have 40,000 points you could use those to take $400 off the cost of the flight.

      Reply
  4. Don

    I am thinking about getting the Capitol One Rewards card but I have a question about exchange value of the points. I see where the Capitol One Rewards has an exchange rate of $.01 per mile. Can you tell me if this is the same rate associated with the Delta Sky Miles card too??

    Reply
    1. MileCards.com

      @Don – The Delta miles work two ways. One way also has a fixed exchange rate of $0.01 per mile – that’s when you choose ‘pay with miles’ when you buy a Delta cash ticket. You can use miles at $0.01 each to erase some or all of the cost of any Delta ticket.

      The other way is to book an ‘award ticket.’ In that case, you’re paying for the ticket entirely with miles, and there is no set exchange rate. Sometimes it can be higher than $0.01, others less. Usually you can get between $0.01 and $0.02 in effective value booking this way.

      Reply
  5. Ed Hunter

    You compared some airlines but I need a comparison for United Airlines. Can you help me with that?

    Reply
    1. MileCards.com

      @Ed – Sure, where do you typically want to fly with your miles on United? Domestic flights? To Europe? To Hawaii? That helps inform the tradeoffs.

      Reply
    1. MileCards.com

      @Melissa – It’s like you used cash to buy the ticket. So the miles would be gone, but if the airline refunds the ticket, it will show up as statement credit on your account, which is the same value as the miles. But if the airline has a penalty or change fee, then you lose that penalty or change fee. And if it’s nonrefundable, then you just get a voucher from the airline to use for future travel.

      Reply
    1. MileCards.com

      @Bonnie – With the Capital One card you just pay for tickets using your card on any site – the airline, a travel agency, whatever you want, just like you’re using cash. So the ticket isn’t any different than one you pay in cash.

      When the ticket charge appears on your credit card statement, you then use points to remove the charge from your statement, so the airline has no idea you’ve paid yourself back with points.

      Reply
    1. MileCards.com

      @Timaney – Just pay for it with your card. Then login to your Capital One account and use your miles to request statement credit for the ticket.

      Reply

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