How to Use Your Capital One Venture Rewards Card to Its Fullest Potential

Triston Martin

Feb 19, 2023

Because of the simpler structure of its rewards program, the Capital One Venture Rewards Credit Card makes it simple to rack up miles. This card grants you the ability to earn an unlimited 2 miles for every $1 spent on purchases, in contrast, to travel rewards cards that include tiered reward schemes or spending limitations. The cost for one year is $95.

Redeeming miles

Spending money on activities such as traveling, eating out, or even buying groceries contributes to your mileage total in a straightforward and uncomplicated manner, thanks to this perk. Redeeming miles is equally as simple because there are no ban periods or other restrictions that apply when using them to plan travel. There is no room for speculation on the value of a mile because each mile is worth exactly one penny.

Grab the bonus miles for signing up.

If you are a new cardholder, you can increase the miles you earn by meeting the requirements for an introductory welcome bonus. The following are some of the current welcome bonuses that may be achieved with the Capital One Venture Rewards Credit Card: After making purchases totaling $4,000 within the first three months after creating your account, you will be eligible for a one-time bonus of 75,000 miles, which is equivalent to $750 in travel.

Even if you don't have any travel plans shortly, you can still earn the bonus by charging your regular purchases to your credit card, and you can save those miles for when you are ready to take a trip.

Paying for Global Entry or TSA PreCheck with your card is required.

You can get through airport security checks more quickly if you have Global Entry or TSA PreCheck. Use your Capital One Venture Rewards Credit Card to pay the enrollment fee, and you'll be eligible for a credit of up to $100 to offset the cost of the application fee for one of these alternatives.

You can transfer miles to other reward partners, including hotels and airlines.

Even though you can utilize the miles you earn with your Capital One Venture Rewards Credit Card to get a statement credit for travel purchases, that's not the only way you can put those miles to use. You can also transfer miles to several hotel and airline travel partners, such as Aeromexico, Air Canada, Avianca, Cathay Pacific, Etihad, Finnair, and Qantas.

Wyndham Hotels and Resorts is the company name.

Pay attention to the transfer ratio when transferring miles earned with the Capital One Venture Rewards Credit Card to airline and hotel partners to ensure that you are getting the most value out of your miles.

Internet Retailer

When you redeem your miles through Amazon, you will receive a value of approximately 0.8 cents per mile. This is significantly less than the value of 1 cent you would receive if you redeemed your miles for travel. If you save them for cash, you will get less weight than buying them from an online shop and using them there.

Combine it with a card that gives you cash back.

Regarding earning miles, the Capital One Venture Rewards Credit Card keeps things straightforward for cardholders. However, if you combine it with a cash-back card that offers a high cash-back rate for spending in certain areas, such as grocery stores, you may maximize your rewards. If you want to get the most out of every dollar you spend, use each card for the purchases that will earn you the most rewards points or cash back.

The bare essentials

You could earn more value if you use your Capital One Venture Rewards Credit Card thoughtfully. Earn the sign-up bonus, determine which airline and hotel partners provide the best returns on mile transfers, and think about using the Capital One Venture Rewards Credit Card and a cash-back card to maximize the number of rewards you receive for every purchase made.

How to get the most out of your incentives.

Looking for a travel credit card that puts your priorities ahead of everyone else's would be best. The following is a list of our recommendations for the best travel credit cards for the year 2023, including those that are the best for Adaptability, the ability to transfer points, and a substantial reward: This card is known as the Chase Sapphire Preferred® Card. Cost-free maintenance: Credit card from Bank of America® that offers travel rewards. The Capital One Venture Rewards Credit Card offers a flat rate for its travel rewards. Chase Sapphire Reserve® cardholders are eligible for additional luxury benefits and travel rewards.