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 good card for you if you’re a frequent traveler, but not necessarily a road warrior (there are other cards that are better 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. The Capital One Venture just announced a new offer allowing cardholders to earn a 50,000-mile bonus after spending $3,000 in the first three months of account opening. Capital One is also forming new partnerships with multiple airline travel loyalty programs. Coming soon, cardholders will be able to transfer miles at favorable rates to their favorite airline, which makes your miles go further.
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 15.24% to 25.24% Variable
How to use points and get perks
Redeeming your reward miles is simple and doesn’t cost a thing. If you book your travel through Capital One, you can redeem miles automatically. Otherwise, a travel credit can be earned by using the “Purchase Eraser” to reward travel expenses made outside of the Capital One portal.
If you enjoy the VIP treatment, this card has your leisure time covered. You can qualify for premium travel upgrades and trip packages– cardholders get pre-sale offers to major sporting and entertainment events, and exclusive offers to tickets to Capital One sponsored dining experiences.
For peace of mind, Capital One offers travel accident insurance and auto rental collision insurance during your trip, and fraud protection and mobile security alerts just in case anything threatens to ruin your vacation.
How this card compares
The Capital One Quicksilver Cash Rewards Credit Card is a very simple rewards structure that leaves out all the guesswork. Unlimited 1.5% cash back on every purchase plus no annual fee makes it a great option for everyday spending. If you like flexibility with your rewards, this option may be the one for you.
The Barclaycard Arrival Plus World Elite Mastercard offers 2X miles on every purchase, allowing you to rack up miles quickly. The annual fee runs a bit cheaper than the Capital One Venture (though both cards waive this fee for the first year), and your introductory bonus gives you 10,000 more points, but you’ll miss out on the 10X miles on hotel stays.