The annual charge of $95 is more than offset by the value of the benefits offered by the Capital One Venture cards, which are flexible and may be used for travel. With Capital One Travel, you'll get our lowest deals on hundreds of travel options and earn 5X mile on hotel and rental car bookings. If you spend $3,000 on purchases in the first three months of your account creation, you'll get 60,000 extra miles.
Introduction
The Capital One Venture cards are an excellent choice for travel rewards credit cards. For those who don't want to deal with activating bonus categories or keeping track of the sometimes complicated systems other cards may offer, the card makes racking up miles simple with a 5 mile per dollar rate on hotels and rental car book through Capital One Travel and an unlimited 2 mile per dollar rate on other purchases.
To get the most out of your miles, you'll need to use them for travel, either by booking a trip through the Capital One portal or by redeeming them against a travel-related transaction with the card.
One-time deal on the Capital One Venture Card
Spending $3,000 in the first three months of your new account entitles you to 60,000 extra miles. Capital One will add the incentive to your rewards account within two billing cycles. Miles and points are worth different things depending on the credit card. With this Capital One credit card, you get 1 cent for every dollar you spend on travel-related purchases.
Information on Reward Earnings
Unlimited Earn 5X miles on hotel and rental cars book via Capital One Travel, you'll get our best deals on hundreds of travel options. With this card, No matter how long you keep your account open, your rewards will always be available in your account's balance.
Reward Redemption Information
Miles earned can be exchanged for travel, cash, gift cards, or a credit to your account. They are credited to your rewards account as a statement credit. Miles may be redeemed for travel in various ways through Capital One.
First, you may use your Capital One card to pay for your journey whenever and wherever you choose, and then later utilize your points to get a refund. To redeem miles, go to capitalone.com or phone the company's reward center.
The Capital One Travel Center also allows you to book directly with miles. You can pay with miles or a combination of miles and cash if you need or prefer.
Adding or Deducting Values
Even though most of Capital One's travel partners are minor foreign carriers, you may transfer your points to any one of them for travel. Aero Mexico, Air France, Avian Life Miles, Emirates Skywards, Etihad Airways, EVA Air, Finn air, Qantas, Singapore Airlines, and others are presently participating in the programmer.
Depending on the travel partners you choose, the value of each transfer might vary. Travel partners with transfer ratios of 2:1 and 2:1.5 are more common than those with 1:1 transfer ratios.
How to Get the Most Out of Your Benefits
Using this card for as much of your everyday spending as possible is the most excellent method to get the most out of your benefits with this card. Any time-sensitive initiatives with excellent incentive rates should also be tracked and taken full advantage of.
The 60,000-mile incentive is only available if you spend at least $3,000 on the card within a year, so make the most of it while you can.
Finally, exercise caution while redeeming your miles. Only $0.005 per mile may be redeemed for cash. Transferring Capital One miles to an airline's reward programmer will often result in a return of less than one mile for every one sent.
The Typical Case
The Capital One Venture card might net you $500 in travel rewards if you're an average American family. The numbers are in.
A household's daily expenditure on food, transportation, clothes, and entertainment may be paid for by a single credit card. According to the Bureau of Labor Statistics, if you're a typical household, you'll spend around $21,500 per year on such products in 2020.
Food, clothing, transportation, and entertainment totaled a total of $28,912 (split into $7,316 for food and $1,434 for fashion). To redeem $430 worth of travel for $21,500 in expenditures, you would get 43,000 miles on the card.
Case for Aspiration
Even after factoring in the $95 annual charge, cardholders who are both high spenders at home and frequent trips might earn upwards of $4,000 in rewards per year.
When it comes to spending on food, transportation, clothes, and entertainment, let's suppose a family that spends $4,000 per month—double the average amount—and takes a $2,000 vacation twice a year—splurging $1,000 on hotels $1,000 on other travel expenditures. The Capital One Venture Card would earn 104,000 miles a year if all of the charges were made.
That's $1,040 in travel credit when you use those points. To get 60,000 bonus points for their first year of using the credit card, they would have spent almost $3,000 in the first few weeks after acquiring the card.
