I received their Platinum MasterCard about a year ago and with steady increases worked up to a 6K credit limit. In-between then and now I acquired several other cards (2 AMEX, 2 Chase, 1 USAA). One day I was online checking my balance and on a whim decided to apply for Venture....and i was pleasantly surprised when I was approved for 12K!! A few weeks later I wanted to find out if I could combine both lines of credit into one card. My first attempt at doing this failed spectacularly. I received a message stating "this card (Platinum) must have a zero balance before you can transfer the line of credit to another Capitol One card". So I waited a few weeks, paid off the Platinum card, and tried again.......SUCCESS!!! The line of credit from my Platinum MasterCard was transferred over to my Venture card, which now has a credit limit of 18K, and the Platinum card was automatically closed. That was fine by me, since the Platinum card really served no purpose outside the credit line (no rewards, miles, cash); and I didn't lose that line of credit, it was just added onto my Venture. This can all be done online, there is no need to call and speak to a representative. Hope this helps!
ADDITIONAL RATINGS YOU MIGHT FIND HELPFUL
- Balance Transfer Intro APR Not Applicable
- Balance Transfer Regular APR 13.99% - 23.99%* Variable
- Annual Fee $0 intro, $59 after first year
- Purchase Intro APR Not Applicable
- Purchase Regular APR 13.99% - 23.99%* Variable
The Capital One® Venture® Rewards Credit Card offers flexible travel rewards to people with good to excellent credit.
What to Like
Cardholders get 2 miles for every dollar spent on purchases, and 40,000 bonus miles after spending $3,000 within 3 months from account opening. As long as the card is open, the rewards don’t expire for the life of the account, and miles can be used for flights, hotels, car rentals, cruises and more.
Look Out For
After the first year, the card comes with a $59 annual fee and there’s no 0% intro APR for purchases or transfers.
Most Helpful Positive Review
Most Helpful Negative Review
Upgraded to the Venture from Quicksilver last year and I recently converted my account back to Quicksilver. The main reason is although you earn double points for every purchase with the Venture, the annual fee means you need to spend at least 8,000 to break even and start earning reward dollars. Secondly, when you want to redeem the points for something other than travel (or what Capital One recognizes as travel) you only get 50% of the value on your point redemption. Example: I take a trip and want to use reward dollars towards an expensive restaurant; if I have 20,000 points, and I redeem them for the meal, they are only worth $100 instead of $200 if I redeem an airline purchase. So, if you're not smart, you could be paying the $59 fee each year, spending less than $8,000 on the card, and redeeming your points for half of their value -- essentially losing money using the card instead of making money from the bank. If you stricly redeem for airfare purchases or train tickets, and spend a great deal on other purchases, it can be very simple. As for me, I didn't like to make airline purchases using the Venture to make airline purchases because I earn more points using the Amex Premier Rewards Gold. I would rather redeem Chase Ultimate Rewards or Amex Membership rewards points because instead of 1:1 value when using points, I can earn a 2:1 or 3:1 ration when transferring to certain airlines or hotel partners.
In the end, once I had accumulated substantial rewards, I converted the account back to Quicksilver and cashed out the points for 1:1 value. So now I have no annual fee but a guaranteed earning and redemption rate on my points.
In conclusion, the Venture card is good if you want no frills and use the card exactly the way Capital One advertises, for travel,
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