Capital One Financial Corporation

Capital One Financial Corporation is an American bank holding company specializing in credit cards, auto loans, banking, and savings accounts, headquartered in McLean, Virginia with operations primarily in the United States. It is on the list of largest banks in the United States and has developed a reputation for being a technology-focused bank.

The bank has 755 branches including 30 café style locations and 2,000 ATMs. It is ranked 97th on the Fortune 500,  9th on Fortune's 100 Best Companies to Work For list, and conducts business in the United States, Canada, and the United Kingdom. The company helped pioneer the mass marketing of credit cards in the 1990s. In 2016, it was the 5th largest credit card issuer by purchase volume, after American Express, JPMorgan Chase, Bank of America, and Citigroup. 

With a market share of 5%, Capital One is also the second largest auto finance company in the United States, following Ally Financial. 
The company's three divisions are credit cards, consumer banking and commercial banking. In the fourth quarter of 2018, 75% of the company's revenues were from credit cards, 14% were from consumer banking, and 11% were from commercial banking. Capital One has consistently ranked as one of the best places to work for, appearing in multiple Glassdoor's Best Places To Work reports.[  In 2020, Fortune magazine ranked Capital One at number 24 on their Fortune List of the Top 100 Companies to Work For in 2020 based on an employee survey of satisfaction, rising to 9 on the 2021 list. 

Benefits of Using the Capital One Venture Rewards Credit Card
If you haven’t checked out any personal Capital One credit cards lately, you may be surprised at some of the positive enhancements.

You still won’t find a lot of bells and whistles or luxury travel perks with Capital One credit cards, but there’s enough value now to merit consideration. Having the ability to transfer Capital One Miles to airline programs adds additional value when it comes to redemption time.

We’re focusing on the Capital One Venture Rewards Credit Card today because the card stands out as the Capital One flagship credit card. It’s the card that fostered the marketing phrase, “What’s in your wallet?” because it earns double miles on every purchase.

Initial Benefits and Lower Annual Fee

The Venture Card charges a $95 annual fee yet comes with unlimited earnings. Before you apply, check the latest offer as previous offers have included a waived annual fee the first year.

Generous Sign-up Bonus

Sign-up bonuses vary, but you can typically count on hundreds of dollars worth of Capital One Miles when you’re approved for the Venture Card.

Earning Rewards and Earn on Every Purchase

With the Venture Card, there are no complicated bonus categories or earning structures to navigate. You simply earn 2 miles per dollar on every purchase you make.

Using your card for all your everyday spending, travel, and miscellaneous expenses can really add up. $25,000 per year would equal $500 or more in travel value toward that family vacation you’ve been dreaming of.

Unlimited Earnings

No matter how you earn Capital One Miles, there’s no limit on how many you can earn.

For additional information on earning Capital One rewards on all Capital One credit cards, check out our list of the best ways to earn lots of Capital One rewards.

Use Capital One Miles to Pay for Experiences

Whether it’s a foodie tour of New Orleans, an island cruise to the Bahamas, or a hike up the Eiffel Tower, you can use your Capital One Miles to erase the travel purchase from your statement.

Since the Capital One Purchase Eraser wipes out travel expenses with a statement credit, any purchase that codes as travel can be covered with your Capital One Miles.

For an in-depth look at how to use credit card rewards to book experiences, our complete guide to booking experiences with credit card rewards has some surprising ideas!

Redeem for Gift Cards

It’s possible to receive more than the standard 1 cent per mile when you redeem your Capital One Miles for gift cards. Compare redemption prices and look for specials to receive the best value for your miles.

Redeem for Cash-back

Redeeming your Capital One Miles for cash is not good value, but it is an option. You’ll only receive half a cent in value per mile redeemed.

Donate Your Rewards

Capital One Miles can no longer be redeemed for charitable donations via the Capital One Giving Site as it has been discontinued.

You can, however, transfer your Capital One Miles to one of the airline partner programs and donate your miles through the airline’s donation program.