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Reviews

American Express Gold Card vs Capital One Venture Rewards Credit Card: Which is the best for your needs?

The American Express Gold Card and Capital One Venture Rewards Credit Card rank as our top two travel and rewards cards. Here's a side by side comparison of the card offerings.

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The American Express® Gold Card and Capital One Venture Rewards Credit Card rank as our top two cards for travel and rewards. Both cards offer competitive rewards programs that can add up to over an estimated $2,500 in rewards over five years. (Calculated using a sample annual spending budget of $21,852 provided by location intelligence firm Esri.)

If you're looking to earn rewards and benefit from numerous perks, such as Global Entry and TSA PreCheck credits, up to $120 annual dining credit and generous welcome bonuses, one of these cards can be a great addition to your wallet.

Below, Select reviews both cards, so you can choose the one that provides the most benefit for your spending habits.

American Express Gold Card vs Capital One Venture Rewards Credit Card

Annual fee $250 $0 for the first year
Variable APRSee Pay Over Time APR17.49% to 24.74%
Intro APRNot applicableNone
RewardsEarn 4X Membership Rewards® points when you dine at restaurants and shop at U.S. supermarkets (on up to $25000 per year in purchases then 1X); 3X points on flights booked directly with airlines or on amextravel.com; 1X points on all other purchasesEarn 5X miles on hotel and rental cars booked through Capital One Travel℠; unlimited 2X miles per dollar on all other purchases
Welcome bonusEarn 60,000 Membership Rewards points after you spend $4000 on eligible purchases within the first 6 months from account openingEarn 60,000 bonus miles once you spend $3,000 on purchases within the first 3 months from account opening
Credits$120 annual dining credit ($10 a month) at participating restaurants like The Cheesecake FactoryReceive up to $100 credit for Global Entry or TSA PreCheck fee every four years

Annual fee

The American Express® Gold Card has a higher $250 annual fee compared to the Capital One Venture Rewards Credit Card, which is $95 annually. (See rates and fees)

Paying a $250 annual fee may seem like a lot, but if you look at all the benefits offered by the American Express® Gold Card, such as annual statement credits and shopping discounts (both discussed more below), you can recoup the annual fee. If you're not taking full advantage of the benefits, you need to spend approximately $11,000 a year to earn enough rewards to break even on the $250 annual fee.

Capital One Venture Rewards Credit Card holders need to spend approximately $4,750 a year (after the first year) to earn enough rewards to break even on the $95 annual fee. That said, the annual fee is effectively offset once every four years if you take advantage of the $100 credit for a Global Entry application.

Winner: Capital One Venture Rewards Credit Card since the annual fee is $95 versus the American Express® Gold Card's $250 annual fee.

Rewards

These two cards have rewards programs geared toward very different consumers. If you're looking for a simple rewards program, the Capital One Venture Rewards Credit Card has you covered with 2X miles on all purchases. Plus, you earn more rewards on eligible travel: 5X miles on hotel and rental cars booked through Capital One Travel℠.

The American Express® Gold Card is more geared toward foodies and grocery shoppers: Earn 4X Membership Rewards® points when you dine at restaurants and shop at U.S. supermarkets (on up to $25,000 per year in purchases, then 1X), 3X points on flights booked directly with airlines or on amextravel.com, 1X points on all other purchases.

Select worked with the location intelligence firm Esri, who provided us with a sample annual spending budget of $22,126. We used this sample budget to break down how much money you could earn (less than annual fee) if you optimized using each card over the course of five years.

The budget includes six main categories: groceries ($5,174), gas ($2,218), dining out ($3,675), travel ($2,244), utilities ($4,862) and general purchases ($3,953).

We found you could earn an estimated $2,531 after five years with the Capital One Venture Rewards Credit Card. With the American Express® Gold Card you can earn $2,719 after five years. (This is after the annual fee and assumes you earn the welcome bonus.)

While the estimates we included are derived from a budget similar to the average American's spending, you may earn a higher or lower return depending on your consumer habits.

Winner: Amex Gold, since you earn $188 more in rewards over the course of five years.

Redemption

Both cards allow you to redeem rewards in several ways, from travel to statement credit to gift cards. You can also transfer rewards to participating airline and hotel partners. Both cards allow you to transfer points or miles to the following partners: AeroMexico, Air France KLM, Alitalia, Asia Miles, Avianca LifeMiles, Emirates, Etihad Airways, Hawaiian Airlines, JetBlue, Qantas and Singapore Airlines.

Additionally, Capital One Venture Rewards Credit Card holders can transfer miles to Air Canada, EVA Air, Finnair and Qatar Airways.

American Express® Gold Card members also have access to more travel partners. They can also transfer miles to Aer Lingus, Aeroplan, All Nippon Airways, British Airways, Delta Air Lines, El Al Israel Airlines, Iberia Plus, Virgin Atlantic Airways, Choice Privileges, Hilton Honors and Marriott Bonvoy.

The amount of points or miles needed to redeem for rewards varies based on the redemption you choose. For example, 1 mile is worth a penny toward travel redemptions (such as airfare and hotels) with the Capital One Venture Rewards Credit Card. With the American Express® Gold Card, 1 point is worth a penny for flights booked through American Express Travel, but 1 point is only worth $0.007 for Amex Travel hotel redemptions.

Winner: Tie. Both cards offer similar redemption options. However, if you prefer to transfer miles to a participating travel program, American Express provides more options. It's a good idea to review the eligible transfer partners before choosing a card.

Welcome bonus

Capital One Venture Rewards Credit Card offers 60,000 bonus miles once you spend $3,000 on purchases within the first 3 months from account opening.

The American Express® Gold Card offers 60,000 Membership Rewards® points after you spend $4,000 on eligible purchases within the first six months from account opening.

Winner: Tie. The cards offer the same welcome bonus, though you have a slightly higher spend requirement for the Amex Gold.

Added perks

Both cards offer some of the same travel and purchase related perks, but also a variety of other unique benefits. Here's a breakdown of the perks offered by both cards:

Consumers with either card can benefit from:

  • No foreign transaction fees
  • 24-hour travel assistance services
  • Car rental collision damage insurance
  • Purchase protection
  • Extended warranty protection

Capital One Venture Rewards Credit Card holders enjoy these added perks:

  • Up to $100 credit for Global Entry or TSA PreCheck application fee every four years
  • Trip cancellation/interruption insurance
  • Travel accident insurance
  • Roadside assistance
  • Exclusive access to premier culinary, music and sports events

American Express® Gold Card holders enjoy these added perks:

  • Amex Offers, where you can earn statement credits or bonus Membership Rewards® points at select retailers
  • Free 2-day shipping on eligible items at over 100 online stores with ShopRunner (one-time enrollment required)
  • Entertainment access to exclusive presales and premium seating at concerts, plays, sporting events and more
  • Up to $120 to cover restaurant charges ($10 per month) at Grubhub, Seamless, The Cheesecake Factory, Ruth's Chris Steak House, Boxed and participating Shake Shack locations
  • Up to $100 in hotel credits when you book rooms through The Hotel Collection with American Express Travel
  • Travel discounts and amenities for those who enroll with The Travel Collection by Travel Leaders Group at no extra cost
  • Baggage insurance plan covers up to $1,250 for carry-on baggage and up to $500 for checked baggage that is damaged, lost or stolen

Winner: American Express® Gold Card with over a dozen perks.

Bottom line

The Capital One Venture Rewards Credit Card and American Express® Gold Card are two competitive rewards cards that provide premium benefits for cardholders. Whether you're looking to earn flat-rate rewards on everyday spending or higher rewards in bonus categories, one of these cards can be a great fit.

If you're looking for high travel rewards, the Capital One Venture Rewards Credit Card is the best option with 5X miles on hotel and rental cars booked through Capital One Travel℠.

However, if you rather earn more rewards on restaurants and groceries at U.S. supermarkets, the American Express® Gold Card can be a great asset with its 4X Membership Rewards® points at restaurants and U.S. supermarkets (on up to $25,000 per year in purchases, then 1X).

Beyond rewards, the American Express® Gold Card offers more premium perks and annual statement credits than the Capital One Venture Rewards Credit Card, which can be helpful to offset the card's higher $250 annual fee.

While both of these cards are good options for travelers, there are alternative options that may be a better fit for your needs. Check out Select's round up of the best travel credit cards. If travel isn't one of your major expenses, you might want to consider our lists of the best cash-back credit cards and best rewards credit cards.

American Express® Gold Card

On the American Express secure site
  • Rewards

    4X Membership Rewards® points on restaurants (including takeout and delivery, plus, Uber Eats purchases) and at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X), 3X points on flights booked directly with airlines or on amextravel.com, 1X points on all other purchases

  • Welcome bonus

    60,000 Membership Rewards® points after you spend $4,000 on eligible purchases within the first 6 months from account opening

  • Annual fee

    $250

  • Intro APR

    Not applicable

  • Regular APR

    See Pay Over Time APR

  • Balance transfer fee

    N/A

  • Foreign transaction fee

    None

  • Credit needed

    Excellent/Good

See rates and fees, terms apply.

 

Capital One Venture Rewards Credit Card

Information about the Capital One Venture Rewards Credit Card has been collected independently by Select and has not been reviewed or provided by the issuer of the card prior to publication.
  • Rewards

    5X miles on hotel and rental cars booked through Capital One Travel℠, 2X miles per dollar on every other purchase

  • Welcome bonus

    Earn 60,000 bonus miles once you spend $3,000 on purchases within the first 3 months from account opening

  • Annual fee

    $95

  • Intro APR

    N/A for purchases and balance transfers

  • Regular APR

    17.24% to 24.49% variable on purchases and balance transfers

  • Balance transfer fee

    3% for promotional APR offers; none for balances transferred at regular APR

  • Foreign transaction fee

    None

  • Credit needed

    Excellent/Good

Terms apply.

 

For rates and fees of the American Express® Gold Card, click here.

Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.