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CNN Underscored reviews financial products such as credit cards and bank accounts based on their overall value. We may receive a commission through The Points Guy affiliate network if you apply and are approved for a card, but our reporting is always independent and objective.

Our quick take: For a limited time from now through Sept. 30, the Capital One® Venture® Rewards Credit Card is adding the ability to redeem miles for both food delivery and streaming services, improving even further on a card that already offers a drop-dead simple 2-miles-on-everything earning rate and supports a host of redemption options.


  • Simple earning structure: 2 miles for every dollar you spend on everything.
  • Easy to redeem miles for any travel purchase at 1 cent per mile.
  • Expert users can maximize redemptions by transferring miles to 15 airline and hotel partners.
  • Up to $100 Global Entry or TSA PreCheck credit.
  • No foreign transaction fees.


  • One limited bonus category.
  • No introductory rate on balance transfers or purchases.
  • Transfer partner list doesn’t include any of the “Big 3” U.S. airlines.
  • No cell phone insurance.

Current sign-up bonus: Earn 50,000 bonus miles after you spend $3,000 on purchases within the first 3 months from account opening.

Best for: Savvy travelers who appreciate simplicity in earning and redeeming travel rewards.

Digging into the Capital One Venture

Keeping up with all the nuanced features, earning rates and redemption options on your credit cards can be exhausting. The Capital One Venture Rewards is ideal for those who appreciate a good vacation, but don’t have the time or drive to treat points and miles as a full-time hobby.

While some credit cards like the Chase Freedom allow you to earn more on certain purchases thanks to rotating bonus categories, keeping up with what’s what may feel like a job unto itself. (If you can feel that prior sentence in your bones, Capital One’s no-nonsense approach is apt to fit your style.)

That said, the Capital One Venture manages to accomplish something that few cards can. Not only does it appeal to those who appreciate simplicity — earning 2 miles for every dollar you spend on everything you buy, and allowing each mile to be redeemed for any travel purchase at a value of 1 cent per mile — but it caters to enthusiasts as well.

And for a limited time from now through Sept. 30 (extended from the original June 30 expiration), Capital One is bolstering the Venture’s lineup of redemption options by adding both food delivery and streaming services to the mix. Eligible food delivery services include DoorDash, Uber Eats, Postmates and other popular options — plus delivery ordered directly from local restaurants — while streaming services include Netflix, Hulu, Spotify, Disney+, Kindle Unlimited and more.

You’ll get the same 1 cent per mile in value when redeeming this way, and you can use the same “Purchase Eraser” feature that you already use for travel purchases on these new categories as well. Simply make an eligible purchase in one of the categories, pay for it with the Venture card, and then apply the miles you have to reduce what you owe on your statement.

Advantages of the Capital One Venture

The Capital One Venture Rewards punches well above its weight. With just a $95 annual fee, this credit card offers above-average earning, an easy-to-understand redemption policy and a growing network of transfer partners for those who enjoy the art of getting crafty with miles in order to eke every ounce of value from each one.

The Venture currently offers 50,000 bonus miles once you spend $3,000 on purchases within the first 3 months after you open the account. That’s worth $500 if you utilize those miles on travel purchases (or food delivery and streaming services from now through Sep