Capital One VentureOne Rewards

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Features

Annual fee: None

Earning: 1.25 points per dollar

Intro bonus: None

Foreign exchange transaction fee: None

Miles can be used for travel with: Any airline, hotel, or car rental

Our review: Keep as a backup for when you travel abroad

This card doesn’t have very compelling earning power — it essentially gives you $1.25 in value for ever $100 you spend. That is decent, but most native airline miles and hotel points programs can offer you higher returns. For example, a $450 airline ticket costs 25,000 miles with a typical airline miles program, but will cost you 45,000 points with the VentureOne. The difference is the VentureOne will always be available for booking, while airline miles have some capacity restrictions.

The real value of this card is as a backup to use while you’re traveling abroad. It has no foreign transaction fee, while most cards from other companies charge a 3% fee on every international purchase. With no annual fee, you can use a card with more valuable points like the Starwood American Express for your domestic purchases, and save this card for your international purchases.