Extract Maximum Value from the Capital One Venture Rewards Card

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The Capital One® Venture® Rewards Credit Card is the highlight of Capital One’s credit card portfolio.

Thanks to a huge limited-time offer, new cardmembers can now earn 100,000 miles when you spend $20,000 on purchases in the first 12 months from account opening, or still earn 50,000 miles if you spend $3000 on purchases in the first 3 months.

The card earns 2X Venture Miles per dollar on every purchase, 5X miles on hotel and rental car purchases from Capital One Travel, scores a Global Entry/TSA Pre credit, plus a host of travel and purchase protections.

Capital One® Venture® Rewards Credit Card
Capital One® Venture® Rewards Credit Card
Annual Fee$95
Welcome Offer Earn 100,000 Miles when you spend $20,000 on purchases in the first 12 months from account opening, or still earn 50,000 miles if you spend $3000 on purchases in the first 3 months
Following the revamp of Capital One's rewards program and the addition of airline transfer partners, the Capital One Venture has catapulted into our list of top travel rewards cards. The ability to earn 2X miles on every purchase and 5X points on hotels and car rentals booked through Capital One Travel provides a decent return on spending. Plus the card offers some great perks.
  • Earn 100,000 Miles when you spend $20,000 on purchases in the first 12 months from account opening, or still earn 50,000 miles if you spend $3000 on purchases in the first 3 months; worth $1000 in travel if redeemed for a fixed-value, or potentially much more when transferred to airline partners
  • 2 Miles on every purchase, plus earn 5 Miles on hotel bookings and car rentals through Capital One Travel
  • Fee credit for Global Entry or TSA Pre✔® (up to $100)
  • No foreign transaction fees
  • $95 annual fee
  • 2 Miles per dollar on every purchase, every day.
  • 5 Miles on hotels and car rentals through Capital One Travel

Following the introduction of Capital One‘s airline transfer program, you can transfer Venture Miles to more than a dozen airline programs for premium cabin redemptions, or redeem them at a fixed-rate against almost any travel purchase. This makes Capital One Rewards one of the most flexible rewards currencies available.

In this post, we’re going to dig into how you can extract maximum value from holding the Capital One Venture.

Boost Your Earnings With 2X Miles on Everyday Purchases

Unlike the majority of rewards cards that earn 1 point or less on non-bonus purchases, the Capital One Venture earns a solid 2X miles on every purchase, every day.

If you decide to transfer your Capital One miles to airline partners, the earning rate gets you up to 1.5X airline miles per dollar—without needing to think about bonus categories, spending caps, or which card to use at checkout. This makes for an easy to understand rewards strategy that earns more than one airline mile per dollar spent across all your monthly expenses.

Cardholders also earn 5X miles on hotel and rental car purchases from Capital One Travel, equal to 3.75 airline miles per dollar spent with most Capital One airline partners.

Transfer Capital One Venture Miles Between Accounts for Free

One of the truly unique features of Capital One Venture Miles is the transfer policy. Capital One now sets the standard when it comes to points and miles transfers, allowing you to transfer miles to anyone that holds a Capital One Miles earning card.

You can combine miles from Venture and Spark Miles' earning cards, transfer between business and personal accounts, or share miles with any person that holds a Capital One Miles earning card. Even better, there are no fees or limits on the number of miles you can share.

Transfer your Capital One Venture Miles to friends and family.
Transfer your Capital One Venture Miles to friends and family.

If you are looking to pool miles with friends or family for a big redemption, Capital One now provides the most generous transfer policy of all the major flexible-rewards programs.

Which Cards Earn Transferable Capital One Rewards?

Capital One issues four miles-earning rewards cards.

If you and the person you are transferring to/from holds one of these cards, you can transfer miles with no transfer limit, and no fees!

Capital One® Venture® Rewards Credit Card
Capital One® Venture® Rewards Credit Card
Annual Fee$95
Welcome Offer Earn 100,000 Miles when you spend $20,000 on purchases in the first 12 months from account opening, or still earn 50,000 miles if you spend $3000 on purchases in the first 3 months
Following the revamp of Capital One's rewards program and the addition of airline transfer partners, the Capital One Venture has catapulted into our list of top travel rewards cards. The ability to earn 2X miles on every purchase and 5X points on hotels and car rentals booked through Capital One Travel provides a decent return on spending. Plus the card offers some great perks.
  • Earn 100,000 Miles when you spend $20,000 on purchases in the first 12 months from account opening, or still earn 50,000 miles if you spend $3000 on purchases in the first 3 months; worth $1000 in travel if redeemed for a fixed-value, or potentially much more when transferred to airline partners
  • 2 Miles on every purchase, plus earn 5 Miles on hotel bookings and car rentals through Capital One Travel
  • Fee credit for Global Entry or TSA Pre✔® (up to $100)
  • No foreign transaction fees
  • $95 annual fee
  • 2 Miles per dollar on every purchase, every day.
  • 5 Miles on hotels and car rentals through Capital One Travel

Redeem Venture Miles for Free Flights, Accommodation, and Travel Purchases

The miles earned on your Capital One Venture now rank amongst the most flexible rewards available. Cardholders can redeem miles at a value of 1¢ per point towards almost any travel expense charged to the card using the Purchase Eraser feature, or transfer miles to 15 different airline partners, providing ultimate flexibility for award travelers and a legitimate alternative to the big four flexible rewards programs.

Redeem Venture Miles for Airbnb stays like The Loyik Villa in Ubud, Bali, and earn Delta miles via the Airbnb partnership
Redeem Venture Miles for Airbnb stays like The Loyik Villa in Ubud, Bali, and earn Delta miles via the Airbnb partnership

How to Redeem Venture Miles For Almost Any Travel Purchase

You can redeem miles earned on your Capital One Venture at a fixed rate of 1¢ per mile towards almost any travel expense within 90 days of purchase with a feature called Purchase Eraser.

The miles are credited towards your account as a statement credit, wiping out all or part of a travel purchase with each mile worth 1 cent, so redeeming 2,500 miles would credit $25 back to your account.

Where the Purchase Eraser truly comes into its own is when you find cheap airfare deals, error fares, mistake rates at hotels, or exclusive travel deals with OTAs. Simply charge the discounted travel purchase to your card, then, using your Capital One Venture login credentials, sign in to your account, navigate to the rewards page, and select the option to ‘Redeem Travel Purchase’. Valid travel purchases include hotels, Airbnb, airfare, train tickets, rental cars, tours, experiences, and much more.

Because you can redeem them for 1¢ per point any day of the week, Venture Miles are essentially immune to devaluations so common to frequent flyer programs. They require no specialized knowledge to use, and there are no blackout dates.

For anyone that has tried to redeem miles to Hawaii during peak season, the ability to just buy a ticket then wipe out the charge using the Purchase Eraser is immensely valuable.

Both airline tickets and hotel rooms purchased from the provider are treated as revenue purchases, so you still receive elite credits and benefits, plus you’ll earn redeemable points/miles when you complete your stay or flight.

Transfer Capital One Venture Miles to 15 Airline Partners

Introduced at the end of 2018, Capital One‘s airline transfer program has transformed Capital One Miles from an uninspiring fixed-value program to a full-fledged flexible-rewards program.

Capital One Venture Miles transfer at a rate of 1,000 Capital One Miles to 750 airline miles, or a ratio of 2:1.5 for the majority of partners, and 1,000 points to 500 miles, or 2:1 for Emirates, JetBlue, and Singapore Airlines.

As the Venture Card earns 2X miles per dollar on all purchases, you are essentially earning 1.5X airline miles in 12 of the 15 partner programs.

Transfer Partners include:

  • Aeromexico Club Premier
  • Air Canada Aeroplan
  • Air France/KLM Flying Blue
  • Alitalia MilleMiglia
  • Avianca LifeMiles
  • Cathay Pacific Asia Miles
  • Emirates Skywards
  • Etihad Guest
  • EVA Air Infinity MileageLands
  • Finnair Plus
  • Hainan Airlines Fortune Wings Club
  • JetBlue TrueBlue
  • Qantas Frequent Flyer
  • Qatar Airways Privilege Club
  • Singapore Airlines KrisFlyer

With United’s decision to abolish award charts, Capital One’s partners like Aeroplan and Avianca LifeMiles have fast become the most cost-effective way to book United and other Star Alliance flights.

Those looking to book flights with American Airlines will be well served by Capital One partners like Etihad and Cathay Pacific.

Similarly, Delta flights can be booked with Air France/KLM or Alitalia (although you aren't likely to find a lot of award availability).

The lack of a qualtity U.S.-based transfer partner is definitely a drawback. But, with so many recent devaluations by U.S. frequent-flyer programs, you're likely to find better value booking rewards on U.S. legacy carriers via overseas programs.

See our comprehensive breakdown of Capital One’s airline partners for transfer rates and the pros and cons of transferring to each partner.

Does Capital One Have a Venture Miles Redemption Chart?

No. There is no redemption chart for Capital Venture Miles as they are not traditional airline miles. Instead, they are a fusion of flexible rewards points such as Chase Ultimate Rewards and Amex Membership Rewards, and fixed-value rewards like U.S. Bank Altitude points which have a value of 1 cent per point when redeemed for travel.

The two redemption options for redeeming Venture Miles for travel are:

  • Fixed-Value: Redeem miles at 1¢ per point towards almost any travel expense
  • Flexible: Transfer miles at a ratio of 1,000:750 to airline partners (2:1 for Emirates, JetBlue, and Singapore)

Maximize Capital One Venture Card Benefits

To ensure you get the most value out of your Capital One Venture, it’s essential to utilize all the benefits the card offers, including the TSA Pre✓® / Global Entry fee credit, travel insurances, and retail benefits.

Capital One Venture Global Entry TSA Pre credit

One of the easiest ways to help offset the card’s annual fee, the Capital One Venture offers up to $100 in fee credits towards Global Entry or TSA Pre✓® enrolment. If you already have TSA Pre or Global Entry, you can use this credit to gift membership to someone else.

Capital One Venture travel insurance and retail benefits include:

  • 24-Hour Travel Assistance Services
  • Travel Accident Insurance
  • Auto Rental Collision Damage Waiver
  • Roadside Assistance
  • Extended Warranty
  • No Foreign Transaction Fees

Final Thoughts

Offering a monster limited-time bonus of up to 100,000 miles, the Capital One Venture provides incredible flexibility. You earn miles you can transfer to airline partners, or redeem for a fixed-value against almost any travel purchase.

The ability to earn 2X miles on every purchase plus 5X miles on hotels and rental cars at Capital One Travel provides plenty of scope to build a substantial balance of Capital One Miles just utilizing your everyday expenses.

And the option to transfer miles between any account with a Capital One Miles earning card makes Venture Miles an excellent choice for folks tackling the points-and-miles game with a partner or family members.

Capital One® Venture® Rewards Credit Card
Capital One® Venture® Rewards Credit Card
Annual Fee$95
Welcome Offer Earn 100,000 Miles when you spend $20,000 on purchases in the first 12 months from account opening, or still earn 50,000 miles if you spend $3000 on purchases in the first 3 months
Following the revamp of Capital One's rewards program and the addition of airline transfer partners, the Capital One Venture has catapulted into our list of top travel rewards cards. The ability to earn 2X miles on every purchase and 5X points on hotels and car rentals booked through Capital One Travel provides a decent return on spending. Plus the card offers some great perks.
  • Earn 100,000 Miles when you spend $20,000 on purchases in the first 12 months from account opening, or still earn 50,000 miles if you spend $3000 on purchases in the first 3 months; worth $1000 in travel if redeemed for a fixed-value, or potentially much more when transferred to airline partners
  • 2 Miles on every purchase, plus earn 5 Miles on hotel bookings and car rentals through Capital One Travel
  • Fee credit for Global Entry or TSA Pre✔® (up to $100)
  • No foreign transaction fees
  • $95 annual fee
  • 2 Miles per dollar on every purchase, every day.
  • 5 Miles on hotels and car rentals through Capital One Travel

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