Capital One Venture Rewards Credit Card
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Put simply, the Capital One Venture Rewards Credit Card is one of the best travel rewards credit cards on the market today. It’s made better by its modest annual fee, which the issuer will waive during the first year of card ownership.
This is a suitable card for the frequent traveler who doesn’t consider him or herself a road warrior. (There are other, better cards for this group.)
If you’re looking at a travel rewards credit card and it doesn’t come with a generous sign-up bonus, look elsewhere. That’s not a problem here, as the Venture Rewards card offers a huge mileage bonus equal to $500 in benefits if you spend enough within the first three months.
But the plusses don’t stop there, as cardholders will earn 2 miles for every dollar spent on anything. And redemption is a snap as there are no blackout dates or restrictions; miles can be redeemed for any travel expense.
The issuer recently boosted the annual fee from $59 to $95 (waived the first year), but also increased the sign-up bonus. Even with the increased annual fee, this card has tremendous value.
Who should get this card
The Capital One Venture rewards card is a great addition to any frequent traveler’s credit card collection. At a rate of 2 rewards points for every dollar spent — with no cap on earnings, this card could be a good choice for earning travel rewards.
Fees and APR
- The annual fee is $95, waived the first year.
- This card carries no foreign transaction fee, a must for any cardholder who plans to travel overseas.
- The annual percentage rate is either 13.99%, 18.99% or 23.99%, based on your creditworthiness.
Extras, perks and using points
You can redeem your awards miles by booking your travel directly through a Capital One representative over the phone or through its website. The other way is to use the “Purchase Eraser” to receive a credit for travel you booked another way. Once you’ve paid for your travel with your Capital One Venture card, you can redeem your miles for a statement credit.
There is no fee to redeem your miles.
Other perks of the card include Visa Signature benefits like travel upgrades and savings, car rental collision insurance, extended warranty protection and concierge services.
How this card compares
The Capital One Quicksilver Cash Rewards Credit Card is simple. And that’s a good thing.
The card’s rewards program is structured so you don’t have to think about whether this is the month that gas station spending pays more or that it’s time to take advantage of warehouse club spending. There’s also no annual fee, so you don’t have to do the math about how much you’ll have to spend to make the card worth it.
The Barclaycard Arrival Plus World Elite MasterCard has a ton of flexibility. You can use your rewards to book travel on any airline, hotel or cruise ship. You can even take a taxi. Discount travel sites are covered, as well, letting you book your trip your preferred way.
If you’re a globetrotter, road-tripper or wanderer of any type, this card should be in your wallet.
Opinions expressed here are author's alone, not those of any bank, credit card issuer, airlines, or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.