Venture Rewards from Capital One

Venture Rewards from Capital One Review

This is a rewards card issued by Capital One. If you're wondering whether Capital One Venture Rewards is the right card for you, read on.

Key Takeaways

• Generous reward rate. You can get a rewards rate of up to 10 miles per dollar spent.
• Signup bonus. Offers a signup bonus of 60000 points after spending $3,000 within 3 months that can be redeemed for travel, gifts, or other perks.
• High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR that ranges from 17.49% up to 25.49%.
• Annual fee waived the first year. Venture Rewards from Capital One gives you the chance to have the card for a year without paying the $95 annual fee.
• 3% Balance transfer fee. Venture Rewards from Capital One charges a fee of 3% on balance transfers. For example, a balance of $1,000 could cost $30 in transfer fees.
• No foreign transaction fee. This card does not charge a fee when you make a purchase that passes through a foreign bank, or is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when traveling abroad.
• Multiple credit card benefits. Includes generous credit card perks, such as Auto Rental Collision Damage Waiver, emergency support, extended warranty protection on purchases, identity theft protection, travel accident insurance, travel assistance, and fraud protection.
• Good or better credit required. You will have low approval odds if your credit score is below 700.

Pros & Cons of Capital One Venture Rewards

The Good

The Bad

$0 annual fee for the first year, $95 thereafter. Annual fee waived during the first year. Multiple credit card perks. Offers Auto Rental Collision Damage Waiver. Extended warranty on purchases. Identity Theft Protection. Travel accident and travel assistance insurance. No foreign transaction fee. Cardholders can earn rewards on purchases everywhere Venture Rewards from Capital One is accepted. Venture Rewards from Capital One reports to multiple credit bureaus.

Higher than average purchase APRs. You need good credit to qualify. Charges an annual fee of $95 Charges a 3% balance transfer fee

Capital One Venture Rewards FAQ

Does Capital One Venture Rewards have a cash back or rewards program?

Capital One Venture Rewards is a travel rewards card.

Capital One Venture Rewards Rewards

Minimum rewards rate	2x
Max rewards rate	10x
Annual rewards limit	N/A
Signup Bonus (Points/Miles)	60000
Signup Bonus Spend Requirement	$3000
Signup Bonus Spend Period (months)	3 months

What are the Capital One Venture Rewards benefits?

It provides the following benefits:

• Auto Rental Collision Damage Waiver
• Emergency Support
• Extended Warranty Protection
• Zero fraud liability
• Travel Accident Insurance
• Travel Assistance
• Reports to major credit bureaus

What are the relevant APRs for Capital One Venture Rewards?

According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance. This card has higher than average regular APRs.

Venture Rewards from Capital One has a variable purchase APR that ranges from 17.49% up to 25.49%. The card has a variable balance transfer APR that ranges from 17.49% up to 25.49%. It also has a variable cash advance APR of 25.49% .

What are the fees for Capital One Venture Rewards?

The following fees apply:

Venture Rewards from Capital One Fees

Description
Cash Advance Fee Minimum	$10
Cash Advance Fee (%)	Starting at 3%
Minimum Cash Advance Fee ($)	Starting at $10
Foreign Currency Transaction Fee	0%
No Foreign Transaction Fee?
No Annual Fee First Year?
Annual Fee	$95
No Interest Grace Period for Late Payment	25 days
Late Fee Amount	Up to $40

This card charges a $95 annual fee.

Does Venture Rewards from Capital One report your account activity to credit bureaus?

Yes, Venture Rewards from Capital One reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply for Capital One Venture Rewards

• Visit the Capital One Venture Rewards website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.