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Capital One Venture Rewards Card Review: How to Make the Most of Your Miles

capital one venture rewards card

This post was created in partnership with Capital One. As always, I only work with brands that I genuinely love!

Many of my followers and readers know that I’m obsessed with credit card points and miles. I’ve used them to travel around the world, stay in fancy hotels, rent cars, attend cool events, and so much more. I’ve also used them to book awesome vacation rentals (like this Airbnb I am currently staying in as I type this!)

Over the years, Matt & I have both tested out different cards to see which work best for us (in terms of perks, mileage earnings, redemptions, annual fees, etc.)

After hearing great things about the Capital One Venture rewards card from fellow points-obsessed friends, I decided to open one last year, and it has become the card that I find myself reaching for most often.

Soooo, needless to say, when I had the opportunity to partner with Capital One and share more about the Venture card, it was a no-brainer. (Thank you to Capital One for sponsoring this post!)

I know we all have very short attention spans—and rather than writing a huge essay on why I love my Venture card, I figured I’d put together a quick hit-list of things that make it an awesome choice.

Without further ado, I present to you:

10 Reasons Why the Capital One Venture Rewards Card is Awesome

capital one venture card review

1. You earn unlimited 2X miles per dollar on every purchase, every day.

This is an amazing aspect of the card that can sometimes get overlooked. Earning 2X on every purchase is incredible.

By comparison, some of our other cards (even the ones with much higher annual fees!) only offer 1 point per dollar on everyday purchases.

2. The limited-time offer of 100,000 bonus miles.

Capital One currently has a limited-time offer where you can earn 100,000 bonus miles when you spend $20,000 on purchases in the first 12 months from account opening.

And that $20k threshold isn’t as scary as it sounds—it’s roughly $1,700 a month over a 12-month period.

If you don’t think you’ll hit the $20k threshold, not to worry: you’ll still earn 50,000 miles if you spend $3,000 on purchases in the first 3 months. You have to hurry, though—this 100,000 mile sign-up bonus offer is only available until December 14, 2020.

In my experience, opening a card during one of these limited-time bonus offer periods is a smart miles-earning strategy. (I opened my Venture card during a similar offer last year!)

There’s a LOT you can do with 100,000 (or even 50,000!) miles. More on that below…

3. Flexibility with how you use your miles. (Five nights in St Barths? Don’t mind if I do…)

So that 100k sign-up bonus I mentioned? You’d be able to put it toward a TON of things—like, for example, the Airbnb we’re currently staying at in St. Barths.

100,000 miles would cover the cost of 3 nights here (insane). And the other (slightly cheaper) Airbnb we booked earlier in the trip? It would cover the cost of 5 nights there. That’s about $1,000 towards any travel purchase.

Our gorgeous villa that we found on Airbnb!

Because we paid for the Airbnb on our Venture card, we now have the option to use our miles and “erase” the purchase. You can also do this for flights with any airline or any hotel, since Venture miles can be redeemed for any recent travel purchase that you make with your card!

4. Prefer a road trip instead? You can use your miles for it!

Traveling local? Great! Your miles can be redeemed for any car rental, vacation rental, or hotel.

The nice thing is that it’s also insanely easy and straight-forward to do on the Capital One website.

You just click on “View Rewards,” select “cover purchases,” and then you get the below pop-up. Three steps! That’s it.

5. Not traveling right now? Use your miles for an Apple gift card.

And then buy yourself the new iPhone 12. (I’m about to do this!)

6. Or better yet—use them for a gift card to Nordstrom or Sephora.

You can also turn your miles into gift cards from a ton of other retailers on Capital One’s website: Nordstrom, Saks, Sephora, Starbucks, Bloomingdales, Whole Foods, etc. (There are A LOT more, head to Capital One’s website for the full list!)

7. You can use your rewards directly at Amazon.com.

If you’re like me, you likely spend a lot of money at Amazon.com. You can use your rewards for your purchases. Who knew?!

8. Earn unlimited 5X miles on all food delivery and pickup orders with Uber Eats through January 31, 2021.

I personally have been ordering Uber Eats an aggressive amount over the past few months, so this has been a MUCH appreciated perk.

9. The reasonable annual fee.

The Venture card comes with a $95 annual fee, which is significantly lower than some of the other cards I’ve had over the years.

Between all of the perks listed above (and the fact that you’ll get a $100 credit for either Global Entry or TSA PreCheck) the annual fee, in my opinion, pays for itself and then some.

10. You can transfer miles to 15 different travel loyalty programs.

As a Venture cardholder, I can choose to transfer my miles to 15 different loyalty programs (including JetBlue, Emirates, Singapore Airlines, Wyndham hotels and more). This is a great perk because I don’t feel locked in to using my miles to one specific airline or hotel program.

Flexibility, know what I’m sayin’?!

Using this miles transfer benefit, I can book airline award tickets (including first and business class, if it’s avail!) and hotel award nights.

I can also top off my mileage accounts to maximize redemptions, upgrade existing bookings, and more. The options are pretty endless!

So….what are you waiting for? Click here to learn more about the Capital One Venture Rewards card and take advantage of the 100,000 mile bonus offer before it expires on December 14, 2020!

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