Our credit cards articles, reviews and ratings maintain strict editorial integrity and are independent of whether a card is an advertiser (they are neither commissioned by nor reviewed, approved or endorsed by issuers); however we may receive compensation through the issuers' affiliate programs when you click on links to products from our partners and get approved. See details on how we make money here.
Love to travel frequently? The Capital One® Venture® Rewards Credit Cardis an attractive option for the serial wanderluster.
It recently won the 2017 CardRating's Editor's Choice Award for Travel Rewards Card Most Worth the Annual Fee (and it's a modest annual fee at that). The Capital One® Venture® Rewards Credit Card will waive the annual fee of $59 as the introductory first-year promotion. In addition to waiving the fee, the sign-up bonus includes:
Miles aren’t the only reward this card offers: Points can also be used for travel expenses, such as hotel accommodations and auto rentals, or turned into cash and merchandise credit if you don’t intend to travel.
Additionally, through January 2017 Capital One® Venture® Rewards Credit Card cardholders can receive 10 percent off hotel stays booked with a Venture® card on the HotelTonight® app. Just enter VENTURE as a promo code and enjoy the 10 percent off. There's no limit to how often you can take advantage of the deal.
All this said, the real star power of the Capital One® Venture® Rewards Credit Card lies in the 40,000 miles bonus offer. All that fanfare aside, the Capital One® Venture® Rewards Credit Card remains one of the most compelling rewards cards on the market, enabling you to earn 2x the miles per dollar spent on every purchase, with no cap and no expiration on miles earned.
Since you’re earning two miles for every dollar you spend on the card, you’re essentially claiming a 2 percent rebate. That’s better than many cash-back credit cards on the market. And because you control your own travel bookings, you’re not subject to the whims of airline restrictions and blackout dates.
Added bonus: the Capital One® website and mobile banking application let you track your rewards in real time, without the need to convert earning into category codes.
Capital One® Venture® Rewards Credit Card has all the bells and whistles you’d want in a travel rewards card. Rewards can be accumulated quickly, the APR is relatively low, you have easy visibility into your credit score, and the introductory offer is worthwhile.
Capital One® does not charge foreign transaction fees. This is an incentive because after all, if you are using a travel reward card, you’ll likely not want to deal with foreign transaction fees. Average foreign transaction fees reach around 3 percent, which can really add up as a frequent traveler.
Capital One® offers flexible redemption for travel at a high rate. In fact, this may be the biggest selling point. You can redeem points with any airline, any hotel, and there are no blackout dates.
Even with the annual fee getting waived as an introductory bonus, the annual fee moving forward ($59) can be a turnoff -- cardholders need to be consistent travelers and card users to redeem enough points to offset the annual fee.
Because this card is not a cash-back reward program, the perks lie within its travel benefits and not its cash-back features. If a cardholder redeems his or her points for something other than travel perks, options and rates are subject to change without notice – meaning you may not get the same dollar for dollar value as with redeeming points for travel.
Another consumer concern may be the way points are redeemed. You cannot use points to offset the cost of a ticket. You must have the entire amount of points that will cover the totality of the purchase you are making. To find out the value of miles accumulated, simply multiply your travel purchase by 100. For instance, if your travel purchase costs $400 use this formula: 400 X 100 = you need 40,000 miles to redeem your travel purchase.
Capital One® Venture® vs. Chase Sapphire Preferred® Card. While both cards offer features, such as no foreign transaction fees and chip-enabled technology, there are some notable differences between the two cards. Chase Sapphire Preferred® Card charges an annual fee $40 more expensive than Capital One® Venture®. In order to qualify for the sign-up bonus, as a Sapphire holder, you can expect to spend $4,000 on purchases within the first 3 months from account opening as opposed to $3,000 with the Capital One® Venture®.
Capital One® Venture® vs. Discover it® Miles - Unlimited 1.5x Rewards Card. Discover it® Miles - Unlimited 1.5x Rewards Card has some interesting perks like: $30 toward in-flight wi-fi and a match of all miles earned in the first year. But the traditional 1.5 points for every $1 just barely follows behind Capital One® Venture®’s high reward turnaround; however, either card caps the amount of rewards a cardholder can redeem. Discover it® Miles - Unlimited 1.5x Rewards Card does not have an annual fee, though, which may make it slightly more attractive than the Venture®. Both cards require excellent credit to qualify.
Capital One® Venture® vs. BankAmericard Travel Rewards® Credit Card. Bank of America’s spin on a travel reward card offers an enticing perk: no annual fee, which is a $59 savings compared to the Capital One® Venture®. The downside to the BankAmericard Travel Rewards® Credit Card is the 1.5 points for $1 spent as opposed to Capital One® Venture® 2 points for $1. The long-term reward for using Capital One® Venture will prove to be monetarily greater if you’re a consistent card user; if you aren’t, skip the annual fee with BankAmericard.
The program allows points to be earned anywhere, so it’s also perfect for someone who uses their credit for everything (of course paying off the balance each month.)
Capital One® Venture® Rewards Credit Card is also great for avid travelers.