Capital one venture card is for all the travel reward seekers who love to have a stylish metal card in their collection.
Features And Applications Of Capital One Venture Card
If you want to earn easy-to-manage travel rewards on all purchases, this card is a great option. Even if you’re not traveling, the boosted miles on all spending can easily earn 1:1 value through most of the transfer partners available.
Introduction To Capital One Venture Card
Flat-rate travel rewards cards are a widely known option for people who want to earn rewards on all of their purchases in one place. Moreover, despite its $95 yearly fee, the Capital One Venture Credit Card is an outstanding example.
On all purchases, you can earn an unlimited number of 2X miles. When compared to many other travel rewards cards, which typically only earn rewards for travel spending, this is a valuable perk for people who want to maximize the number of rewards they earn.
The Advantages Of The Card
When compared to other travel rewards cards that only earn miles for specific flight and hotel bookings, the card offers unlimited, flat-rate travel miles on all purchases.
It has no foreign transaction fees, so you won’t have to worry about them if you use the card abroad.
It provides numerous benefits, including a $100 credit toward the application fee for Global Entry or TSA PreCheck (unlike the Capital One Venture One Rewards Card)
Read also: 5 Best Chase Business Credit Card
The Disadvantages Of The Card
Unlike the Capital One Venture X card, the $95 annual fee isn’t entirely offset by yearly benefits, so look elsewhere if you want to completely offset yearly fees with rewards or prefer a low-cost travel rewards card with no annual fee.
Unless you use certain airline transfer programs, miles are worth 1 cent or less, which can limit your overall earning potential.
This card has a high spending requirement to earn the full sign-up bonus, so if you’re currently budgeting your travel expenses or don’t travel frequently enough to spend $4,000 within three months, this card (and possibly its sibling cards) may not be the best fit for you.
Other Benefits Of The Card
A high rewards rate
While most branded airline credit cards earn only one point for every dollar spent on purchases other than those made with the airline, the Capital One Venture Credit Card keeps things simple. You’ll get 5 miles for every dollar spent on hotels and car rentals booked through Capital One Travel, and an unlimited 2 miles for every dollar spent on everything else.
A sizable sign-up bonus
With its bonus offer for new cardholders, the Venture Credit Card gives you a head start on your next trip: Enjoy a one-time bonus of 75,000 miles after spending $4,000 on items purchased in less than three months of account opening, equivalent to $750 in travel.
The Capital One Venture Rewards Credit Card includes two complimentary visits to Capital One Lounge locations or a partnering Plaza Premium Lounge per year. Following that, cardholders have access to a special entry rate of $45 per visit.
Capital One Venture Credit Card Rewards
The venture card earns 5 miles per dollar spent on hotels and rental cars booked through Capital One Travel and an unlimited 2 miles per dollar spent on other purchases, putting it near the top of the flat-rate reward card rankings. Aside from the welcome bonus, it has no categories or other earning benefits.
The card comes with a welcome bonus of 75,000 miles after spending $4,000 on purchases within three months of account opening, which is equivalent to $750 in travel.
Most customers’ reward redemption options with the Venture card will be limited to travel rewards. Miles can be redeemed for purchases on Paypal.com or Amazon.com, but these will generally not earn the best value. Miles redemptions for purchases on these sites typically earn only 0.8 cents per dollar more than the 1 cent per dollar value for eligible travel redemptions.
The ability to transfer miles to travel partners is a great feature of Capital One Miles. Although these redemptions may necessitate more effort than redeeming points for previous travel, transferring miles to travel partners may provide the best value per point.
Tip: Buying travel with the card and then redeeming miles to cover the cost is a better financial move than booking through Capital One Travel with miles. You’ll earn miles on the reservation and be able to use your accumulated earnings to offset the purchase this way.
To determine the Venture card rewards potential, we look at bonus categories and calculate how much an average American household would spend in those categories.
We use data from various government agencies to calculate baseline income and spending averages across a variety of categories. We base our spending on the 70th percentile of wage-earning households, which earn $107,908 per year.
According to the data, the household has $32,072 in expenses that can be charged to a credit card, including $1,100 in hotel and $1,100 in rental car purchases. In addition to the first-year welcome bonus, the Venture would earn 70,744 miles per year at 5 miles per dollar spent on hotels and rental cars booked through Capital One Travel and an infinite 2 miles for every dollar spent on other items purchased.
These miles can be redeemed for $707 in value toward eligible travel purchases or transferred to Capital One’s travel partners for potentially greater value.
Frequently Asked Questions
What credit score do I need to qualify for the card?
Capital One advertises a credit score requirement of “excellent.” Experian defines an exceptional FICO score as one that exceeds 800, and an excellent VantageScore as one that exceeds 781.
What time does it take to redeem Capital One Venture Rewards?
Redemption times differ depending on the method of redemption. Redeeming miles for previously made purchases on your card removes them from your statement, but you must do so within 90 days of the purchase.
Is the Capital Venture a metal credit card?
Because of its slick metal finish, the Capital One Venture is a good item if you want your credit cards to not only withstand travel but also have a stylish veneer. In fact, it’s one of the best metal credit cards if you want a rewards programme that works as well as its look.