If you’re in the market for a top-notch travel credit card, now is the right time to take a good hard look at the Capital One Venture Rewards Credit Card. It’s currently offering an increased welcome offer that includes a $250 credit to use for Capital One Travel bookings in your first year.
That’s on top of the standard 75,000 bonus miles you’ll earn after spending $4,000 on purchases within the first three months from account opening. You can use Capital One miles to offset travel purchases at one cent per point, which makes this limited-time deal worth at least $1,000 in travel.
The Capital One Venture Rewards Credit Card has a reasonable annual fee and earns flexible travel rewards, which makes it a great travel card for beginners or heavy travelers.
- Valuable welcome offer worth at least $750 in travel
- You can transfer miles to over 15 Capital One partners, including Emirates Skywards, Choice Privileges and Singapore Airlines KrisFlyer
- No foreign transaction fees
- Lacks ongoing travel benefits such as statement credits or lounge access
- Limited bonus spending category that only applies to certain Capital One Travel bookings
Highlights
Highlights shown here are provided by the issuer and have not been reviewed by CNBC Select’s editorial staff.
- Enjoy $250 to use on Capital One Travel in your first cardholder year, plus earn 75,000 bonus miles once you spend $4,000 on purchases within the first 3 months from account opening – that’s equal to $1,000 in travel
- Earn unlimited 2X miles on every purchase, every day
- Earn 5X miles on hotels, vacation rentals and rental cars booked through Capital One Travel, where you’ll get Capital One’s best prices on thousands of trip options
- Miles won’t expire for the life of the account and there’s no limit to how many you can earn
- Receive up to a $120 credit for Global Entry or TSA PreCheck®
- Use your miles to get reimbursed for any travel purchase or redeem by booking a trip through Capital One Travel
- Enjoy a $50 experience credit and other premium benefits with every hotel and vacation rental booked from the Lifestyle Collection
- Transfer your miles to your choice of 15+ travel loyalty programs
Balance transfer fee
$0Â at the Transfer APR, 4% of the amount of each transferred balance that posts to your account at a promotional APR that Capital One may offer to you
Foreign transaction fee
Maximizing the Capital One Venture Rewards Card’s new welcome bonus
You can redeem Capital One miles for one cent each toward Capital One Travel bookings. This allows you to easily combine the $250 travel credit and your bonus miles to pay for $1,000 in travel. You can book all sorts of travel through Capital One, including flights, hotels, rental cars and vacation rentals.
You can also transfer Capital One miles to a long list of partner airline and hotel loyalty programs. This includes Turkish Airlines Miles&Smiles, Emirates Skywards, Flying Blue (KLM/Air France), Singapore KrisFlyer, Avianca LifeMiles and many more. By taking advantage of the best deals offered by these partners, you can greatly expand what you do with your miles.
For example, if you want to book a one-way Star Alliance business class flight from the U.S. to Europe, you could book directly through Capital One Travel and use the Venture Rewards welcome bonus to cover $1,000 of the cost. Depending on the route and airline, a one-way business-class flight to Europe can easily cost $3,000 or more, which leaves you paying $2,000+ out of pocket.
Instead of booking through Capital One Travel, you could transfer 65,000 miles to Turkish Airlines Miles&Smiles and book a one-way Star Alliance business-class flight. Even after accounting for the taxes and fees (typically $200+ for business class awards), you’re paying far less than you would by booking directly through Capital One.
Compare offers to find the right savings account
Alternative card if you can’t qualify for the Capital One Venture Rewards
The Discover it® Secured Credit Card is one of the best options for earning rewards while you build your credit.
- Unusually rewarding for a secured credit card
- Unique welcome bonus matches the cash back you earn for the first year
- No annual fee
- Credit limit is based on your security deposit
- Gas station and restaurant bonus cash back is capped each quarter, then you’ll earn 1% back
Highlights shown here are provided by the issuer and have not been reviewed by CNBC Select’s editorial staff.
Highlights
- No credit score required to apply. No Annual Fee.
- Your secured credit card requires a refundable security deposit, and your credit line will equal your deposit amount, starting at $200. Bank information must be provided when submitting your deposit.
- Raise your credit score by 30+ points.
- Automatic reviews starting at 7 months to see if we can transition you to an unsecured line of credit and return your deposit.
- Earn 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter, automatically. Plus earn unlimited 1% cash back on all other purchases.
- Discover could help you reduce exposure of your personal information online by helping you remove it from select people-search sites that could sell your data. Activate by mobile app for free.
- Get an alert if we find your Social Security number on any of thousands of Dark Web sites. Activate for free.
- Terms and conditions apply.
Balance transfer fee
3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*
Subscribe to the CNBC Select Newsletter!
Money matters — so make the most of it. Get expert tips, strategies, news and everything else you need to maximize your money, right to your inbox. Sign up here.
Why trust CNBC Select?
At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every personal finance article is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of financial products. While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics.
Catch up on CNBC Select’s in-depth coverage of credit cards, banking and money, and follow us on TikTok, Facebook, Instagram and Twitter to stay up to date.
For rates and fees of the Discover it® Secured Credit Card, click here.
Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.
