Capital One® Venture® Rewards Credit Card Review
Capital One® Venture® Rewards Credit Card:
Bonus: 40,000 Venture® miles when you spend $3,000 in the first 3 months. $59 annual fee waived the first year.
Analysis: This bonus has held steady for many months with no indication this will increase. 40,000 miles plus 6,000 for $3,000 spend (2 points per $1) = 46,000 worth $460 of statement credits for completely flexible travel.
- 2x miles on every purchase
- Use this card to pay for your “travel” expense and log into your online account after the fact (up to 90 days later) to redeem your miles for a statement credit.
- Travel expenses defined by Capital One: “Purchases made from airlines, hotels, rail lines, car rental agencies, limousine services, bus lines, cruise lines, taxi cabs, travel agents and time shares are generally considered to be travel purchases and availability for redemption is based on the merchant category code assigned to them by the merchant.”
- No foreign transaction fees
- Miles don’t expire while your account is open
- $59 annual fee is waived the first year
- These miles are not transferable and they reside in your credit card account. They don’t expire while your account is open, but if you go to close your account in the future, be aware that you can lose your miles if not redeemed.
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Capital One® Venture® Rewards Credit Card
- Miles won't expire for the life of the account and there's no limit to how many you can earn
- No foreign transaction fees
- $0 intro annual fee for the first year; $59 after that
- Get a metal Venture Card when you apply today
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Capital One Venture Rewards Credit Card
If you like to travel, then the Capital Once Venture Rewards Credit Card is a great option for you. You can earn an unlimited amount of miles, which never expire. This makes it easy to save up for that big trip you’ve been thinking about. For every dollar that you spend on any purchase any day, you will earn 2 miles. This makes it quick and easy to rack them up.
You will also receive a one-time bonus of 40,000 for signing up. That is equal to a $400 bonus. All you have to do is spend $3,000 on purchases within the first three months, and those bonus miles are yours.
This card gives you the freedom to spend your miles how and when you want to. You can fly on any airline and stay at any hotel. Travel whenever you want to without any blackout dates. And there are no foreign transaction fees, so you can safely use your card for purchasing while you travel abroad.
The downside of this card is that there is an annual fee of $59. However, that fee is waived the first year. The flexibility of the rewards and the high rate in which you earn them make up for the annual fee. Most rewards cards have some sort of annual fee anyway, and many of them cost more than the fee for this card.
In addition to the great travel rewards, you will also receive free access to the Capital One Credit Tracker. This allows you to view your monthly credit score anytime and even set up automatic alerts.
The Capital One Venture Rewards Credit Card is definitely a great option for those who like to travel. The flexibility of the rewards, quick mileage earning rate, and sweet sign-up bonus all contribute to making this card one of the best options available. And without any foreign transaction fees, you don’t have to worry about using your card while in another country. So while you are traveling around the world, you can use your card to earn more miles for your next trip.
All in all, this rewards credit card is a solid choice to go with. But you should consider both the pros and the cons before you sign up. The pros include the rate of earning miles, their flexibility, and the sign-up bonus. The only real con is the annual fee. Choose wisely and happy traveling.
Capital One ® Venture ® Rewards Credit Card
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in 2011 and 2012 one of the most popular rewards card sign-up bonuses was the 100,000 “mile” sign-up bonus from the Capital One Venture Rewards Card. They would give you up to 100,000 “miles” as a sign-up bonus if you showed you had that many in another program (which wasn’t that hard). They didn’t run that program in 2013, and we haven’t seen a big sign-up bonus for this card since that time, at least not publicly. However, the sign-up bonus has now increased from 20,000 to 50,000 “miles” after spending $3,000 on the card in the first three months! These points/miles are essentially worth one cent per point toward travel, so that is $500 to use toward things like airfare, hotels, car rentals, and more. It has a $0 intro fee for the first year, and $59 thereafter.
One potential downside to be aware of is the history Capital One has of pulling from all three credit bureaus, so if credit inquiries are an issue for you then keep that in mind. This is not an offer that is available through the affiliate network, so I have no more info than you on how long it might stick around. I’m pretty tempted by it myself as I don’t have any credit cards currently with Capital One.
If you got this one and the similar Barclaycard Arrival Plus™ World Elite MasterCard® you could have over $900 in (almost) free travel to use however you want for your family vacations (after hitting the spending requirements)! That is pretty great for those who like to travel domestically, to relatively inexpensive destinations, or have little to no date flexibility due to school schedules.
In terms of daily spending, the Capital One Venture Rewards Card awards two Venture “miles” per dollar spent on the card (though they are really fixed value points, not miles). The competitor, Barclay Arrival Card, also awards two points per dollar spent, but since it gives a 10% rebate on points redeemed, it come out ahead in the daily spending category.
Good luck if you decide to go for one or both of these cards. It’s hard to argue with money to use toward almost free travel!
Thanks to Million Mile Secrets for sharing info about the offer!
Disclosure: I do receive a commission if you are approved for a credit card using my affiliate links. The Capital One offer is not mine, though the Arrival Card offer is. Both are to the best available offer for those cards I am aware of.