Venture points are worth $.01 for travel related expenses. You can apply for a credit after you have made a purchase on the card or use their service to purchase travel using points. The fee based venture earns 2x each dollar - not sure what your offer is. so, if you have a $400 airfare that you want to get credit for, then you have to spend $20,000 to get there (ignoring the sign up bonus). essentially, they are giving you a $500 travel credit as a sign up bonus.