Credit Cards
Capital One Venture Credit Card Review, Rewards and Benefits!
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With our years of experience in the finance and economy sector, we have analyzed many low-interest and balance transfer cards. In this article, we will talk about Captial One Venture Credit Card.
It is a popular travel credit card that offers a great welcome bonus, unlimited 2x miles on purchases, and various redemption options. It is a great option for travelers who are looking for simple and flexible reward cards.
Contents
Overview of Captial One Venture Credit Card
The Capital One Venture credit card is a well-known option for people who are looking for the simplest ways to earn rewards on all purchases. It is particularly suitable for travelers who may need a high reward rate on travel spending.
The Capital One Venture credit card will allow you to earn an unlimited 2x miles on all purchases. This card will stand out as many travel cards offer this rate exclusively for travel spending.
You can redeem miles for any recent travel purchases, which can include, hotel rents, flight charges, rental cars, cruises, and many more. The redemption will be in the form of a statement credit, which provides flexibility that is not found on another card.
However, the Capital One Venture credit card is best as an everyday card, it surely lacks some of the additional travel perks offered by other cards out there.
This is normal to be expected on a card with a low annual fee, so people who travel the most get more value from a card with better travel rewards.
Captial One Venture Credit Card Rewards
Get ready for some awesome perks with this credit card! Score a cool 75,000 bonus miles once you spend $4,000 on purchases in the first 3 months—that’s $750 you can use for travel.
And guess what? You’ll earn double the miles on everything you buy, every single day! Plus, snag 5X miles when you book hotels and rental cars through Capital One Travel, where you get the best prices on thousands of trips.
The best part? Your miles never expire, and there’s no limit to how many you can rack up. Oh, and if you sign up for Global Entry or TSA PreCheck®, you can get up to $100 in credits.
But wait, there’s more! Enjoy two free visits each year to Capital One Lounges or 100+ Plaza Premium Lounges. And when you stay at a hotel from the Lifestyle Collection, you’ll get a bunch of cool perks like a $50 experience credit and room upgrades.
And here’s the kicker—you can use your miles to pay for any travel expense or book a trip through Capital One Travel. Feeling fancy? You can even transfer your miles to 15+ different travel loyalty programs.
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Welcome Offer
– Earn 75,000 miles after spending $4,000 within three months, equivalent to $750 in travel
Rates and Fees
- APR: 19.99% to 29.99% (variable)
- Balance Transfer Fee: $0 at transfer APR, 3% of transferred balance at promotional APR
- Annual Fee: $95
- Cash Advance Fee: The greater of $3 or 3% of each cash advance
Why do You Need the Capital One Venture Credit Card?
The Capital One Venture credit card offers a solid, flat-rate cash back for every purchase you make, which makes it an excellent choice for you to use it everyday travel spending. It will provide you with boosted rewards for hotels and rental cars if you have booked through Capital One Travel.
You can enjoy the flexibility in redeeming points through the Capital One rewards portal. It is provided as a statement credit for current eligible travel purchases or by transferring miles to partner airline and hotel programs.
Capital One miles hold significant value, averaging around 1.7 cents each when transferred to top airline or hotel travel partners. It provides lucrative redemption options.
You can use miles to used to cover the cost of external travel purchases or redeem them as a statement credit within 90 days. Miles will never expire for the life of your account. There will not be blackout dates, which allows you to save and use them at your convenience.
The Capital One Venture card will offer you complimentary and discounted lounge access. It may include two free visits per year to Capital One Lounge.
You can even consider upgrading to the Venture X for additional benefits. This will include Priority Pass Select, Plaza Premium Lounge memberships, and complimentary Capital One Lounge access with two guest visits per year.
Why do you Need Another Travel Card?
You need a travel card because you will get lots of perks and rewards for your travel spending. The Capital One Venture Credit card provides welcome offers of 75,000 miles after spending $4,000 within three months.
Other cards like cards with a $95 annual fee may offer the same or better rewards with more favorable spending conditions. Capital One Venture credit card provides consistent value with its flat-rate rewards. It will lack annual bonus points or credits that other cards offer.
Cards like the Chase Sapphire Preferred come with perks such as a $50 annual hotel stay credit and 10% anniversary points.
The baseline value of Capital One Miles is 1 cent per mile, which is normal. While these miles can be worth up to 1.7 cents each when transferred to partner airlines and hotels, this process can be complex. If you prefer a simple reward program with a higher baseline point value you can consider other cards such as Chase Ultimate Rewards.
Capital One VentureOne Rewards Credit Card vs. Capital One Venture Rewards Credit Card
It depends upon you whether to choose between an entry-level Capital One Venture One reward card and a mid-level Capital One Venture rewards card. While the Venture reward card comes with a 95$ annual fee, the VentureOne card has no annual fee.
This makes it a budget-friendly option. The VentureOne card offers intro APR offers on both balance transfers and purchases along with the potential for a lower ongoing APR.
This will make a perfect choice for occasional travelers who are looking for a card with interest-free payment flexibility.
However, VentureOne earns only 1.25x miles on all purchases, which has a smaller sign-up bonus, and lacks up to $100 TSA PreCheck and Global Entry application fee credit.
If your priority is not interest-free payment and you expect around $396 monthly, the Venture card will be the best option for you.
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Chase Sapphire Preferred Card Vs. Capital One Venture Rewards Credit Card
When you compare these two credit cards, the flat rate rewards offered by the Venture card can be an attractive option. But it is important for you to understand the overall value provided by these cards.
Both cards have the same sign-up bonuses, the Chase Sapphire Prefered card holds a higher base redemption value. When you book travel through a Chase card, it gives you a 25% boost to your reward points, which makes them worth 1.23 cents each.
Chase card’s annual fee can be offset by its benefits, which include a yearly point bonus and hotel stay credit, which offers more value in the long term.
Compared to Capital One, miles are valued at 1 cent per mile, which means you would need to transfer Venture miles to a travel partner for a more favorable redemption rate.
If you have multiple Chase credit cards you can leverage the Chase trifecta to maximize your reward potential by combining bonus categories. If you pair it with a premium travel card, it will provide the Sapphire Preferred a lasting advantage based on your personal goals and spending habits.
| Credit Card | Capital One Venture Rewards Credit Card | Chase Sapphire Preferred® Card | Capital One VentureOne Rewards Credit Card |
|---|---|---|---|
| Apply Now | Apply on Capital One’s Secure Site | Apply on Chase’s Secure Site | Apply on Capital One’s Secure Site |
| Annual Fee | $95 | $95 | $0 |
| Intro Offer | 75,000 miles | 60,000 bonus points | 20,000 miles |
| Rewards Rate | 2 Miles – 5 Miles | 2x – 5x | 1.25 Miles – 5 Miles |
| Recommended Credit Score | Good to Excellent (670 – 850) | Good to Excellent (670 – 850) | Good to Excellent (670 – 850) |
Pros and Cons of Capital One Venture Credit Card
| Pros | Cons |
|---|---|
| Earns unlimited, flat-rate travel miles on all purchases, setting it apart from other travel rewards cards that restrict earnings to specific flight and hotel bookings. | Miles are valued at 1 cent or less unless utilizing select airline transfer programs, potentially limiting overall earning potential. |
| Ideal for purchases overseas, making it a reliable choice for international travelers. | Annual fee cannot be offset with annual travel credits or bonus miles, unlike the Capital One Venture X card. |
| Offers up to $100 credit for Global Entry or TSA PreCheck application fee, a valuable perk not available with the Capital One VentureOne Rewards Credit Card. | The sign-up bonus comes with a high spending requirement, potentially making it challenging for some cardholders to qualify. |
Is Captial One Venture Credit Card Worth for You?
The Capital One Venture Credit Card is a convenient option if you are looking for simple flat-rate rewards and do not travel much to justify a bonus category card.
However, it is important for you to note that the rewards and benefits of the Capital One Venture card may not provide specialized features offered by other cards.
If your travel spending is more than $300 on Capital One annually, you can upgrade to the Venture X card. The Venture X card will provide additional benefits and rewards that may surpass the benefits offered by the Venture Card.
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Conclusion
The Capital One Venture Credit card offers value plus convenience, and may not be an ideal choice for everyone. Factors such as welcome offers, yearly perks, and baseline value of rewards should be considered when you compare this card with other travel cards.
If you are looking for benefits and reward programs, you can look for other travel cards to suit your preferences and needs. Make your decision after comparing features and benefits that are available on other credit cards in the market.
Take note of your spending habits, travel goals, and budget to make the best financial decision. We hope that this article has given you enough insight about the Capital One Venture Credit Card. You will find other related articles on this website so take a look at it.
Nicole Hughes is a credit card and loan expert content writer based in New York. With a knack for simplifying financial jargon, she creates informative and reader-friendly content. Her work empowers individuals to make informed decisions regarding credit and loans, ensuring financial well-being.
FAQs of Capital One Venture Credit Card
Is it possible to use my Capital One credit card before it’s delivered? Absolutely! With many Capital One credit cards, there’s a handy feature called Eno that allows you to request virtual card numbers. You can start using these right away, even before your physical card arrives.
Well, sometimes they say yes on the spot. But there are also moments when it might take a few days for them to decide.
