Capital One Venture Rewards
Features
Annual fee: $59, waived first year
Miles per dollar: 2 miles per dollar on every purchase, every day
Intro bonus: 25,000 bonus miles when you spend $1,000 in your first 3 months for new account holders
Miles can be used on: Fly free on any airline, any time with no blackout dates
Foreign Transaction Fee: No foreign transaction fees
Our review: Simple, generous rewards, no foreign fees
Capital One’s points program is simple — 100 miles are worth about $1. With the double miles on every purchase on the Venture Rewards card, every $100 in purchases is worth $2 in travel rewards, or a 2% return. That compares to a 1% return for typical travel rebate credit cards. You can use your points for travel purchases with any airline, hotel, or car rental agency.
While we generally find more powerful redemption value when you use native airline miles or hotel points rather than a generic points program, the Venture Rewards program’s double miles offer helps offset some of the gap and offers the value of simplicity. There are no restrictions on the flights or hotels you book — simply book it, then ask for your points to be applied as credit agaist the travel charge. It’s that easy, with every point worth $0.01 toward eligible travel purchases, gift cards, and more.
If you travel overseas, the Venture Card doesn’t charge a fee on foreign purchaes – which is often 3% with other companies.
Other features
- 2 miles per dollar on every purchase
- One-time bonus of 25,000 miles once you spend $1,000 in the first 3 months
- Get up to 15 more miles per dollar when you shop our Perk CentralSM retail network
- Earn unlimited miles that don’t expire
- Redeem miles for flights, hotel rooms, car rentals, gift cards and more
I am considering the Capital One Venture card and the Chase Sapphire Preferred. Ideally I would like to find a card that my wife and I could share. Are there any restrictions on getting a card your spouse can use with either of these cards?
Thanks for the help.
@DanO – No restrictions, you can get a free spouse card for both.
can the currency for this card be euro?
Peter- They can’t bill you in Euros, but any charges you make in Euros won’t incur a separate foreign transaction fee. You’ll just be charged their market exchange rate.
I am very interested on a mile credit card, but I am not sure between this Capital once venture or Chase Sapphire. Please give me a light about the different between both of them and give me what do you think is the best one. Thank you very much.
@Marly- For simplicity and a decent value, the Capital One Venture is a good choice. You earn a 2x points per dollar you spend which you can apply toward the purchase of any travel. Every point is worth $0.01 so you get a 2% cash value return on your spending.
The Sapphire Preferred is for somewhat more advanced users — think of it as a Swiss Army knife for miles. There are options to transfer to hotel and airline partners that can earn you higher than 2% cash value for your points. For example, many Hyatt hotel rewards and United Airlines mileage rewards, especially for international travel can offer a better than 2% value.
That said, it might be worth it to consider both — the Sapphire Preferred has a large 50,000 point bonus with $625 toward any travel that in itself more than pays for the card’s annual fee. Then use the Venture for your normal spending to earn points over time.
Is the 10,000 mile signing bonus an annual event?
@John – Yes the signing bonus is a one time event.
I would say the Venture card since there is no fee on charges made in foreign currencies. Both let you use your points for any hotel you’d like and the Venture card earns 2 points per dollar spent.