June 11, 2018
Review: Capital One Venture Credit Card
The Capital One Venture Card is an easy way to earn cash back towards free travel without having to deal with the complexities of transferring credit card points to frequent flyer programs to book award flights. You won’t get ridiculous value like you can by maximizing airline specific programs, but the Venture card’s benefit is its simplicity and ease of use.
The Capital One Venture comes with 50,000 bonus miles after spending $3,000 in the first three months of account opening.
Cardholders earn 2x Venture miles per $1 on all spending. Venture recently partnered with Hotels.com to offer cardholders 10x miles per $1 on bookings made through Hotels.com.
Venture miles can be redeemed for statement credits at a rate of 1 cent each. This means you’re essentially earning 2% back on all spending and 20% back on spending through Hotels.com. It also means the 50,000 mile sign-up bonus is worth $500.
Global Entry/TSA Pre-Check
Beginning June 12, 2018, cardholders can receive a Global Entry or TSA Pre-Check fee credit once every four years. Just charge the $100 Global Entry fee or $85 TSA Pre-Check fee to you Venture card.
The Capital One Venture Card has a $0 introductory annual fee which increases to $95 after the first year. There are no foreign transaction fees.
Should You Get It?
This can be a compelling option if you’re looking for an easy to use travel credit card. 2% cash back is solid considering there’s no foreign transaction fees and it comes with a $500 sign-up bonus.
If you’re looking to get outsized value from your points and can spend some time learning how to use a few airline frequent flyer programs, the Chase Sapphire Preferred or Chase Sapphire Reserve may be better options.
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