Venture Card Invitations

March 29, 2020

By Martin Norris

The Capital One Venture Card decent overall. It's not a standout, but for anyone interested in a card that earns 2x miles, it's worth considering. Not only that but if you have a large enough family, the TSA Pre-Check and Global Entry credits alone could make this card worth having. That is a great incentive to responding to a Venture preapproved letter as it’s a very nice perk.

However, the Venture Card has some stiff competition, not least of all the very similar Venture One version of this card. This is, in part, beacause this card requires such a high credit score. It also has something to do with the annual fee and lack of obvious travel-related perks beyond basic statement credits.

Who is the target demographic for Venture Cards?

The Capital One Venture Card is for the people who need a card that earns at least 2x points, miles, or 2% cashback. It's also for those who plan to spend more than $3375 on their new travel card each year. This ensures you're getting at least the minimum out of this card after you pay the annual fee.

This is also the type of card that requires excellent credit and has several restrictions for applicants, including how many Capital One cards you could have applied for in the recent past. So, ideally, if you want the Venture card in the traditional form or as the Venture One, you will have a credit score over 700 and have no more than one Capital One credit card application for the past year.

The APR for purchases and balance transfers ranges from 12.49% to 19.74% plus the prime rate. The prime rate is updated quarterly and that's what makes this variable rate interest. APR for a cash advance is 24.49% for all customers at present, though it, too, can vary based on the prime rate. There is a 25 day grace period before your due date each billing cycle.


  • Annual Fee – There is no annual fee for the first year you have your Capital One Venture card. For every subsequent year, however, you will be billed $95 just for having the Venture card.
  • Cash Advance Fee – The cash advance fee for the Venture Card is $10 or 3% of the total cash advance, whichever is greater.
  • Foreign Transaction Fee – The Capital One Venture card has no foreign transaction fee.
  • Late Payment Fee – The late payment fee for the Capital One Venture credit card is up to $39.
  • Return Payment Fee -  there is no posted return payment fee for the Capital One Venture Card.
  • Authorized User Fees – There is no authorized user fee for the Capital One Venture card.
  • Balance Transfer Fee – The balance transfer fee is 3% with no minimum for the Capital One Venture credit card.

The Venture Rewards Perk

The Venture Card by Capital One earns 2x miles on all qualifying purchases. Every mile is the cash equivalent to 1 cent or 1%. Qualifying purchases include nearly everything that's not a cash equivalent.

Rewards points can be redeemed for travel offers, special offers within the Capital One Venture marketplace or equivalent, Purchase Eraser, or cash back. Keep in mind that after your first year, to cover the annual fee you'll need to spend $3375. After that, the 2x miles kick in.

If you don't plan to spend that much on this card in a year, you may want to consider the Venture One card. It has nearly all the same perks, just with no annual fee or TSA Pre-Check/Global Entry credit. It also earns 1.25x miles.

Introductory Offer and Bonus

There is no strong introductory offer, though the annual fee for the Capital One Venture card is waived for the first year. Beyond that, you could get 50,000 bonus miles for spending $3,000 in the first 3 months of your account opening, if you qualify.

Those 50,000 bonus points can be redeemed for $500 in Purchase Eraser or cash back in most cases. They may also be used to pay for travel and other offers at a similar exchange rate.

Pros – Advantages of the Capital One Venture Credit Card

There are several perks you get when you own the Capital One Venture card. Whether these are worth the cost will depend on what you decide to spend in a year.

  • Credit for Global Entry and TSA Pre-Check – If you use your Venture card to pay the application fee for these programs, you will be reimbursed. (I mentioned this earlier about the Venture above) Keep in mind that both of these programs last for five years after approval. However, it may be possible to apply this credit toward the applications of people other than yourself to make the most of this credit. The total cost of both programs is around $185, not including travel costs or fees for expedited shipping.
  • Rental Coverage – The Venture Card by Capital One provides some additional coverage if you used it to rent a vehicle.
  • Extended Warranty – For qualifying purchases, you will get an extended warranty. To learn exactly what qualifies, you may need to call the 24/7 helpline.
  • $0 Fraud Liability – You won't have to pay a dime for unauthorized purchases as long as they are reported promptly.
  • Upgrade Possible – Do you already have a Capital One card or two but think you would like the benefits of the Venture Card more? Don't want to apply again? It may be possible to upgrade by calling and speaking with a Capital One customer service agent.

Cons – Disadvantages of the Capital One Venture Credit Card

There are a few things that you must consider when you're trying to decide if the Venture card is the right fit for your financial lifestyle.

  • Annual Fee – It takes $3375 to cover the annual fee for the Venture card, compared to the cash back you would earn with the Venture One. If you aren't sure if you would put more than that on this card every single year, the Venture card may not be worth your time. However, the zero annual fee Venture One by Capital One might be what you're looking for.
  • High Credit Score Required – You need at least a score of 700 to qualify, though upgrading from an existing Capital One card in good standing may be a way around this for some. A score of 750 or higher gives you the best odds. While this is true, many of the other invitations have similar credit requirements, including both the Quicksilver preapproved card and the SavorOne Rewards prequalified offer.

The Capital One Venture Card is not a bad card by any stretch. However, it's not the best travel card for people serious about travel and their credit health. This is the kind of travel card people should come back to if nothing else with a similar fee, or no fee, fits their lifestyle and needs.

To sum up, this card has a $95 annual fee and relatively low APR for purchases and balance transfers. There are very few obvious or travel-related perks not offered on cards with zero fees and much lower credit score requirements. You can earn up to 2x miles on all qualifying purchases and these miles are worth about a penny a piece.

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