There are no caps, and the rewards do not expire. Additionally, while the Journey Student Rewards from Capital One is not a point rewards card, you can redeem the cash back in the form of gift cards, similar to a point-based card. The services offered by a credit card for college students are just as important as the rewards. Dec 26, 2019 · The Capital One® VentureOne® Rewards Card offers a one-time bonus of 20,000 miles once you spend $1,000 on purchases within 3 months from account opening, equal to $200 in travel. You'll earn 1.25X miles on every purchase, every day and pay no annual fee. Cash advances, balance transfers, and checks used to access your account are not considered purchases and will not earn rewards. Capital One uses merchant category codes to determine if a purchase is within one of the additional cash back categories.This means that sometimes a purchase may not earn additional cash back. I’ve reviewed the latest offers and narrowed it down to Team Clark’s top picks for best travel rewards cards: PenFed Pathfinder Rewards American Express; Chase Sapphire Preferred; Capital One Venture Rewards Credit Card; Discover it Miles; Of course, you always have to look out for the pitfalls of both travel and cash back rewards credit cards.