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The Capital One Venture Rewards Credit Card is a travel credit card that offers unlimited 2X miles on all purchases and a 75,000 bonus after spending $4,000 within the first 3 months from account opening. It also offers no foreign transaction fees and 5X miles on hotels and rental cars booked through Capital One Travel. With an annual fee of $95 and variable APR of 19.99% to 29.99%, it provides flexibility and value for travelers.

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Benefits of the Card

The Capital One Venture Rewards Credit Card stands out as a versatile financial tool for individuals who prioritize earning travel rewards on their everyday spending. This card is designed to cater to a broad spectrum of consumers, especially those with a need for travel, by offering a range of benefits that enhance the travel experience while also providing value on everyday purchases.

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Unlimited 2X Miles on Every Purchase

For every dollar spent on purchases, cardholders earn 2X miles without any restrictions. This straightforward rewards structure ensures that users accumulate miles at a steady rate, regardless of the spending category. This benefit is particularly appealing for those who prefer a simple, yet effective way to earn travel rewards without having to navigate complex bonus categories.

75,000 Bonus Miles New Cardmember Offer

New cardmembers have the opportunity to earn 75,000 bonus miles after spending $4,000 on purchases within the first 3 months from account opening. This substantial bonus can significantly offset travel costs, making it an attractive offer for new users looking to maximize their rewards early on.

5X Miles on Hotels and Rental Cars

When booking hotels and rental cars through Capital One Travel, Venture Rewards cardholders earn an impressive 5X miles. This elevated earning rate encourages users to book their travel through Capital One, offering a more rewarding experience for accommodations and transportation rentals.

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Global Entry or TSA PreCheck Credit

Cardholders receive up to a $100 credit for Global Entry or TSA PreCheck fees, making airport security screening faster and more convenient. This feature is a boon for frequent travelers, reducing wait times and enhancing the overall travel experience.

No Foreign Transaction Fees

The Capital One Venture Rewards Card eliminates foreign transaction fees, allowing cardholders to make purchases abroad without incurring additional charges. This feature is particularly valuable for international travelers, ensuring that every dollar spent overseas goes further.

Transfer Your Miles to Over 15+ Travel Loyalty Programs

Capital One offers the flexibility to transfer miles to a choice of 15+ travel loyalty programs. This benefit allows cardholders to maximize the value of their miles by taking advantage of the redemption options and perks available through various airline and hotel loyalty programs.

Prerequisites to obtain the Capital One Venture Rewards Credit Card

To apply for the Capital One Venture Rewards Credit Card, applicants must meet certain prerequisites that align with the card’s positioning as a product for individuals with excellent credit.

General Requirements for Application

  • Credit Level: The card is marketed towards individuals with an excellent credit (usually scores 690 and above.)
  • Age: Applicants must be at least 18 years old in most states, but it can vary according to the state of residence.
  • U.S. Citizenship or Residency: Applicants need to be U.S. citizens or have a valid U.S. residency status.
  • Financial Information: Potential cardholders will need to provide comprehensive financial information, including income and employment status, during the application process. 
  • Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN): A SSN or ITIN is required to process the credit card application.

Additional Considerations

  • Previous Capital One Cards: The offer for the new cardmember bonus is not available to existing or previous cardmembers of this product if they have received a new cardmember bonus for this product in the past 48 months. This indicates that Capital One looks at the applicant’s history with this specific product when considering eligibility for the bonus.
  • Application Process: Applicants can check if they’re pre-approved for the card without impacting their credit score through Capital One’s website. This pre-approval process gives potential applicants an indication of their eligibility before they officially apply, which would involve a hard inquiry into their credit report.

About Capital One Financial Institution

Capital One, a leading banking brand, has revolutionized the credit card industry by leveraging data analytics and technology to offer personalized credit solutions. The company has expanded its portfolio to include checking, savings accounts, auto loans, and business banking solutions. Capital One is committed to financial inclusion, aiming to make financial services accessible to all through its product offerings, community partnerships, and philanthropic activities. The company is also known for its commitment to technological innovation, integrating technology to make banking simpler and more accessible. By continuously evolving and adapting to the changing financial landscape, Capital One has established itself as a leader in the banking industry.

Who is this Card for?

The Capital One Venture Rewards Credit Card is designed for those with an excellent credit score and frequent travelers who want to maximize their travel rewards. It offers unlimited 2X miles per dollar on purchases and 5X miles on hotels and rental cars booked through Capital One Travel. The card offers flexible redemption options, no foreign transaction fees, and Global Entry or TSA PreCheck credit, making it a great choice for international travelers.

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Step by Step to Apply for the Capital One Venture Rewards Credit Card

Here’s a step-by-step guide to help you through the application process:

  1. Visit the Official Capital One Venture Card Page: Start by going to the official Capital One Venture Rewards Credit Card page 
  2. Check for Pre-Approval: Before applying, you can check if you’re pre-approved for the card by clicking on the “See If I’m Pre-Approved” button. This step involves a soft credit check that won’t impact your credit score.
  3. Click on ‘Apply Now’: If you decide to proceed with the application, press the “Apply Now” button found on the card’s page.
  4. Fill Out the Application Form: Complete the application form with your personal, financial and employment information. This will include details such as your name, address, income, and Social Security Number.
  5. Review and Submit: Review your application to ensure all the information is correct. Once you’re ready, submit your application for review.
  6. Wait for a Decision: After submitting your application, you will typically receive a decision within a few minutes.

Pros and Cons of the Card

Here’s a summary of the key positives and negatives for the Capital One Venture Rewards Credit Card:

Pros

  • Generous Sign-Up Bonus: The card offers a substantial sign-up bonus of 75,000 miles after spending $4,000 on purchases within the first 3 months from account opening, which can be a significant boon for travelers.
  • Unlimited 2X Miles on Every Purchase: Cardholders earn 2X miles per dollar on every purchase, making it easy to accumulate rewards without tracking specific categories.
  • 5X Miles on Hotels and Rental Cars: This higher rewards rate on travel bookings through Capital One adds extra value for frequent travelers.
  • No Foreign Transaction Fees: Making purchases abroad won’t incur additional fees, which is ideal for international travelers.
  • Global Entry or TSA PreCheck Credit: The card offers up to a $100 credit for Global Entry or TSA PreCheck fees, enhancing the cardholder’s travel experience.
  • Flexible Redemption Options: Miles can be redeemed for travel, gift cards, or transferred to over 15+ travel loyalty programs, providing flexibility in how rewards are used.

Cons

  • Annual Fee: There’s a $95 annual fee, which might be a load for some users, especially if they don’t travel enough to offset this cost through rewards.
  • Variable APR: The card’s variable APR ranges from 19.99% – 29.99%, which could be costly for cardholders who carry a balance.
  • Excellent Credit Requirement: The card is targeted at individuals with an excellent credit, potentially limiting accessibility for those with lower credit scores.
  • Low Value for non-travelers: While the card is rich in travel benefits, those who don’t travel frequently may find it challenging to maximize the card’s value compared to other rewards cards with no annual fee.

How to Activate the Card?

Here’s how you can activate your card upon receiving it:

  1. Online Activation: Visit the Capital One activation website provided in your card’s welcome package or go to Capital One’s official website. Look for the “Activate Your Card” option, which is typically found under the “Credit Cards” menu or within your online account dashboard if you’re already a Capital One customer.

  2. Capital One Mobile App: Download the Capital One Mobile app, available for both Android and iOS devices. Once installed, you can log in or set up a new account to activate your card. The app also allows for easy management of your account once your card is active.

  3. Phone Activation: You can also activate your card by calling the phone number provided in your welcome package. This number is specific to card activation and will connect you with Capital One’s automated system or a customer service representative who can assist with the activation process.

During activation, you’ll be asked to provide information to verify your identity, such as your card number, Social Security Number, and possibly other personal details. Once verified, your card will be activated and ready for use.

Fees and Tariffs

Here’s a summary of the main fees and tariffs associated with the card:

  • Annual Fee: The card has an annual fee of $95
  • Purchase APR: The card offers a variable APR for purchases ranging from 19.99% to 29.99%, based on your creditworthiness. 
  • Balance Transfer APR: The APR for balance transfers is also variable, ranging from 19.99% to 29.99%, similar to the purchase APR.
  • Cash Advance APR: 29.99%, it will vary based on the market Prime Rate.
  • Foreign Transaction Fees: $0
  • Late Payment Fee: If you miss a payment, you could be subject to a late payment fee. Capital One may charge up to $40 for late payments.

Customer Service

To have assistance for the Capital One Venture Rewards Credit Card or any inquiries, Capital One offers several customer support channels. See below:

Phone Support

  • General Customer Service: 1-877-383-4802 (for directing your call to the appropriate service)
  • Credit Card Customer Service (Existing Accounts): 1-800-CAPITAL (227-4825)
  • Credit Card Support Outside the US (Collect Calls): 1-804-934-2001
  • Online Account Support: 1-866-750-0873
  • Credit Card Fraud Protection: 1-800-427-9428

Digital Assistance

  • Chat with Eno: Capital One’s digital assistant, Eno, is available in the app or via text message for fast answers and support.

Online Support

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