Capital One Venture Rewards credit card offers solid privileges for an annual fee of $95.
If you decide to apply for a joint venture award, you need to first check the eligibility criteria, especially if you have previously carried another Capital One card.
Here’s everything you need to know.
Capital One Venture Rewards Details
Let’s check out Venture Rewards’ products, from their popular bonuses to their ongoing allowances.
Current welcome bonus
New applicants can make 75,000 miles after spending $4,000 in the first three months after opening.
TPG’s July 2025 valuation sets the total value of this bonus at $1,388. This is the standard welcome quote we usually see on this card.
There are two main ways to utilize these miles. One option is to convert your capital into one mile to cover any travel-related expenses in your statement. This includes Uber or Lyft rides through the Capital One Travel platform, tolls, parking, car rental or future bookings. This method of redemption has a uniform rate of 1 cent per mile.
A more favorable alternative may involve transferring your mileage to more than 15 transfer partners in Capital One. Most partners offer direct transfer rates of 1:1. By transferring your mileage to high-profit partners like Air Canada Aeroplan or France-klm Flying Blue, you can easily get great value from your mileage.
The best way to get the most value from your Capital One travel credit is to use it for hotel accommodation, vacation rentals or car rentals.
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Annual fee
The annual fee for the risk reward is $95, which feels reasonable given the privileges of this card.
Earn
The income rate of joint venture awards is simple and meaningful. You will earn:
This card is a good choice for those who don’t want to deal with multiple reward categories, but prefer to win a uniform reward rate on most purchases.
Other benefits
In addition to popular bonuses, this is the ongoing benefit of venture capital rewards:
Are you eligible to apply for a Capital One Venture Rewards card?
If you decide to apply for a joint venture award, you must know the eligibility requirements for the card before applying.
What credit score do I need to get a joint venture reward?
TPG recommends a minimum score of 670 for joint venture awards to be approved, although those with lower scores have also been approved.
Capital One specifically mentions that you should have a good reputation to meet the criteria. Despite this, despite a credit score below 670, we have seen many people approved reports. So it may be worth applying even if you are below that mark.
If your credit rate is unusually low or has no credit, it is best to wait and apply for a credit card.
Capital application rules
Every six months, you will only get approval for one card by one, so please put your application within scope accordingly. If you are not sure why you are rejected for the rewards from a joint venture, this may be the reason.
We also see reports from Reddit users, with many credit cards indicating that they are working to get approved risk cards despite qualifying. While this is not a difficult rule, it may be a good idea to apply for a joint venture award in time during your credit card journey.
What if I have received a risk reward welcome bonus in the past?
These are the limitations expressly set forth in the terms and conditions of Venture Rewards:
“If a new card member bonus has been received for this product over the past 48 months, then existing or previous card members are not eligible for this product.”
What if I already have a Venture X or Ventureone card?
If you carry a sister card with a venture capital reward (Capital One Venture X Reward Credit Card and Capital One Ventureone Reward Credit Card), you are still eligible to carry the venture capital reward and receive the welcome bonus for the card.
The only caveat is that you need to keep an eye on the timing of your app.
Despite the lack of overall rules, Capital One does not always approve people who already have risk cards, even if they meet all eligibility criteria. TPG senior points and Miles writer Ben Smithson was denied for the joint venture award while holding the Venture X.
Some anecdotal evidence from TPGERS suggests that the timing of your application is crucial when determining whether you approve a second joint venture card. If venture capital rewards your interests, make sure it has been at least six months since opening a different risk card.
Related: Credit Card Showdown: Capital One Venture Rewards vs. Capital One Venture X
Bottom line
Venture Rewards offers great value to travelers of all kinds. Fortunately, there are only a few restrictions on the card’s welcome bonus eligibility. As long as you carefully calculate your app and the TPG steals credit score is at least 670, then this reliable reward card may be yours.
To learn more, read our full review of Capital One Venture Rewards.
Learn more: Capital One Venture Rewards Credit Card
For Capital One products listed on this page, Visa® or MasterCard® can offer some benefits and may vary from product to product. For more information, see the respective welfare guidelines to the applicable terms and exclusions.
