Is the Capital One Venture Card worth it?

Capital One Venture Rewards Credit Card It was my first foray Travel credit cards The scenery, and I am still happy with it in a few years. When I first signed up, I knew little about credit cards. For example, the $95 annual fee at the time seemed difficult, but it was easy to get more than the value of the annual fee from the venture card I own every year.

I love having a flexible Miles card that earns a flat rate of rewards on every purchase. Additionally, the card offers a 75,000-mile welcome bonus when you spend $4,000 on a purchase in the first three months of opening an account. Welcome bonus size (approximately $750 for travel) is usually only available The most expensive luxury card At the market. In addition, you can also obtain a one-time, $250 capital credit in your first year as a cardholder in a limited amount of time.

So is the Capital One Venture card worth it? I think so, but that’s not for everyone. This is the breakdown that will help you decide this Capital 1 Credit Card They fit you like a glove.

Capital One Venture Rewards Credit Card: Overview

Pros and cons of venture cards

Let’s break down the pros and cons to get a better understanding of whether venture cards are right for you.

Why Venture Cards Are Valued for Annual Fees

The Capital One Venture Card has several benefits and a relatively low annual fee. Here are some reasons why this card might be worth it to you.

Welcome bonus is top notch

Venture Cards currently offers 75,000 miles to spend $4,000 in the first three months of opening an account. Additionally, for a limited time, you can also take advantage of a one-time $250 Capital One Travel Credit in the first year you have a card.

For some cardholders, the $4,000 spending threshold may be too high to meet, but the value of this bonus is incredible Entry-level travel cards. If you redeem your travel purchase, 75,000 miles of miles will earn you $750 worth of flights, hotels, car rentals and more when you redeem them for statement credits for your travel purchase.

You can also transfer your miles to one of the capital’s high value travel partners. According to Bank rate evaluation,If you choose this type of redemption, each miles is worth around 1.7 cents.

You will get a solid flat rate of miles on every purchase

It’s different from the others Rewards your credit card This will provide more rewards in certain spending categories, and venture cards will offer the same 2 miles per 2 miles on almost every purchase. This simple framework removes all plans and applicable things from winning on cards. You don’t need to withdraw it just for your spending or worry in a particular category Merchant Category Code;Swipe through the Capital 1 Venture Card with every purchase and watch the rewards accumulate.

The great thing about flat rate reward cards that offer high rates of return is that they are suitable for multiple types of cardholders. For every purchase, those who like to keep things simple with go-to cards can rely on competitive rates no matter what they buy.

Again, there’s a lot to gain, even cardholders like me who prefer to juggle multiple credit cards and earn more in a particular category. This is because the double miles per dollar earned from a typical venture purchase is higher than the standard mile/point for cards with tiered revenue categories.

for example, American Express Blue Cash Preferred® Card It’s one of my favorite credit cards thanks to a 6% cashback on US supermarket purchases (up to $6,000 a year, then 1%). However, they only earn 1% cashback when they make purchases, such as air tickets and online shopping. I use a venture card for my blue cash and new clothes I want for my groceries so I can get the best possible return on my spending.

Global Entry/TSA Precheck Credit covers first year annual fees

In addition to excellent reward rates, Capital One Venture Card covers up to $120 (as a statement credit) for application fee Global Entries or TSA Precheck Every four years. Maximizing this offer means there is more than paying an annual fee for the first year and renewals every four years.

Needless to say, these programs can save a lot of time for frequent travelers at airports.

Point redemption is flexible

The miles you earn with the Capital One Venture Card are also extremely flexible, offering the same per cent value, whether you book a Travel One Portal or Shird-Party site. This is because Capital One Venture Cardholder can make eligible travel purchases with your card along with any site or travel vendor and redeem miles as statement credits to cover your purchase.

Many travel credit cards only offer full points value when booking an issuer, so this is a great perk for cardholders who want to budget their hunts on multiple platforms.

Furthermore, as already mentioned, transferring miles to one of the capital partners could potentially provide optimal value for redemption.

I feel the cards are luxurious

Capital One Venture Card is a Metal Credit Cardand while this is clearly not a make-up or break feature, it adds a certain sense of luxury when you pull it out of your wallet. In fact, this venture is one of the heaviest metal credit cards on the market. This is heavier than some cards that require an annual fee of $400 or more.

learn more: Capital One Venture Card Benefit Guide

Why a Venture Card may not be worth it to you

The Capital One Venture Rewards card is a solid travel card for many, but it’s not the best for everyone. Below are a few reasons why you might want to consider finding another reward card to place at the top of your wallet.

Sub-star travel transfer partner

Savvy Points and Miles Collectors know that a great list of transfer partners is the best way to get the most value from credit card rewards. Capital One Partner Do not measure thoroughly to the American Express or Chase list. In fact, there are no US-based airlines on the list. That said, if you are often on international flights and are willing to try to understand, you will find plenty of value. Frequent flyer programs and airline partnerships.

Non-travel miles redemptions are not worth it

Venture cards are first and foremost travel cards, and this is evident in their reward redemption structure. Redemption of travel purchases is extremely flexible and gives you a stable value, but trying to spend miles on options other than travel is less advantageous. For example, you get only 0.5 cents per mile of cashback, and 0.8 cents on Amazon purchases.

This means you will need to travel at least semi-regularly to actually take advantage of the venture card rewards.

Are the Capital One Venture Cards worth the annual fee?

With welcome bonuses, global entry application credit or TSA pre-check, and flexible redemption options for travel purchases, the venture card is definitely worth the annual fee.

However, if you don’t spend too much on your trip and prefer rewards that can be leveraged to cashback, we recommend choosing a different card. City Double Cash® CardFor example, you earn up to 2% cashback per purchase. Add 1% at the time of purchase and 1% at the time of repayment of purchase. There aren’t many flashy perks, but you don’t even charge an annual fee, and cashback rewards are much easier.

How to offset the annual fee?

If you hang up to see if you can offset the annual fee and whether it’s possible to do so, consider the following example:

Let’s say you’re spending $24,000 a year on your card by disassemblying it like this:

These 47,800 miles are worth $478 on a trip if you pass through the Capital 1 portal or for a statement credit to cover eligible travel purchases. Transferring to a high-value transfer partner can be even more valuable.

Here’s how to offset your annual fee on a first year and ongoing basis, based on a 1 cent per cent rating:

Conclusion

At the end of the day, the Capital One Venture Card offers an easy way to earn solid rewards. Travel buffs who want to earn as much reward as possible will feel that their spending can go further with other travel reward card issues that offer a step-by-step reward structure and a more robust transfer partner program.

Still, the Capital One Venture Rewards card is not leaning forward. If you’re looking for an easy way to earn miles and enjoy some card holder perks, the Capital One Venture card keeps things simple. It offers an easy way to earn many valuable travel miles with your daily purchases.

Frequently Asked Questions (FAQ) about Capital One Venture Cards