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6 Reasons Why the Capital One Venture Card is Great for Beginners

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We get it. Credit card points, airline miles, and big annual fees can be intimidating and downright confusing. It’s tough to know where to start.

And that’s precisely why we think the Capital One Venture Rewards Credit Card is one of the best options for those just getting started in the world of travel rewards.

The card offers a no-frills way to easily redeem miles and won’t cost you any money out of pocket in your first year of card membership. Read on as we make a case for the Capital One Venture Card being one of the best cards to get started with points and miles.


capital one beginner credit card

 

Click Here to get more information about the Capital One Venture Card. 

 

No Annual Fee For the First Year

The Capital One Venture Card has an annual fee of $95, but that is waived for the first year of card membership. That means you can essentially try out the credit card for a year before you have to commit to an annual fee in the second year.

Meanwhile, in that first year, you’ll be able to earn the 50,000-mile welcome bonus after spending $3,000 in the first the months and take advantage of some of the other benefits offered by the card.

There simply isn’t another card out there offering a better value proposition in the first year that doesn’t charge you an annual fee.

 

$100 Application Fee Credit for Global Entry or TSA PreCheck

One of the great benefits of the Capital One Venture Card is the $100 application fee credit for either Global Entry or TSA PreCheck.

If you apply for either Global Entry or TSA PreCheck and pay with the card, the application cost will be reimbursed ($100 for Global Entry and $85 for TSA PreCheck). You can use this credit once every four years, and membership in both programs is good for five years.

 

Capital One Venture

 

It’s one of the most cost-effective ways to get enrolled in either program, as you can enroll before paying the card’s annual fee! And since Global Entry includes TSA PreCheck, it should be your choice if you plan to do any international travel. See our guide on how to sign up for the program.

 

A Welcome Bonus Worth Up to $500

The Capital One Venture Card is currently offering 50,000 Venture miles after spending $3,000 in the first three months of card membership. These miles can be redeemed for 1 cent each towards travel, which makes the welcome offer alone worth $500.

And since you won’t be paying an annual fee in your first year of card membership, it will get you $500 closer to your next adventure. While other credit cards offer bigger welcome offer bonuses, none of them waive the annual fee in the first year.

 

The Freedom to Book Any and All Travel

Because of the way Capital One Venture miles work, you are not tied down to using them with one airline or one hotel chain. And if you are just getting started in the world of miles and points, that freedom is invaluable.

The Capital One Venture card allows you to keep your options open and use your points to book the cheapest or best option for your schedule. All you need to do is pay for any travel-related expense with your Capital One Venture Card, and use the Purchase Eraser feature to remove the charge from your statement using your miles. Think airfare, hotels, cruises, Uber – you name it.

Every mile you’ve got is worth 1 cent. That means if you book a $500 flight, you would need 50,000 Capital One Venture miles to remove the charge from your statement. Read up on how to use Capital One’s handy Purchase Eraser function.

There are other ways to use points and miles to squeeze out more value, but it doesn’t get more straightforward than this. This is reason enough to start with the Capital One Venture Card.

 

Learn About Airline Transfer Partners

If you want to start learning about the best ways to use points and miles, the Capital One Venture card is a great starting point.

That’s because you can now transfer Capital One miles to 15 different airline partners. These transfers are the key to unlocking maximum value from your miles with top-dollar redemptions like first or business class.

 

ProgramTypeRatioTransfer Time
AeromexicoAirline2:1.5Same day
Air Canada Aeroplan Airline2:1.5Same day
Air France/KLMAirline2:1.5Same day
AlitaliaAirline2:1.5Same day
AviancaAirline2:1.5Same day
Cathay PacificAirline2:1.5Up to five business days
Emirates Airline2:1Same day
EtihadAirline2:1.5Same day
EVA AirAirline2:1.5Up to five business days
FinnairAirline2:1.5Same day
HainanAirline2:1.5Up to five business days
JetBlueAirline2:1TBD
QantasAirline2:1.5Up to five business days
Qatar Airline2:1.5Up to five business days
SingaporeAirline2:1Up to five business days

 

Some of these partners are stronger than others – and it might make more sense in some cases to use the Purchase Eraser function rather than transfer to an airline. Aside from the occasional transfer bonus, you’ll get 1.5 miles in an airline account for every 2 Capital One miles you transfer.

Read up on some of the best ways to transfer Capital One miles to get an idea of where to start.

 

Earn 2x Miles on Every Purchase

Other credit cards offer lucrative bonuses on spending. Think 5x points per dollar spent on airfare with the American Express Platinum card or 3x points per dollar on travel and dining with the Chase Sapphire Reserve.

But the Capital One Venture card makes it simple. For every $1 you spend, you get 2 miles. No matter where, no questions asked.

That simple bonus is tough to beat.

 

Full Benefits of the Capital One Venture Rewards Credit Card

  • Earn 50,000 miles after spending $3,000 on purchases within the first three months of card membership ($500 towards travel)
  • Earn 2X miles per dollar on every purchase. There is no cap to the number of miles you can earn each year.
  • Earn 10X miles per dollar spent at hotels.com/venture
  • Up to a $100 credit for Global Entry or TSA PreCheck
  • Fly on any airline or stay in any hotel with no blackout dates
  • Capital One Venture Miles never expire
  • The card does not charge foreign transaction fees
  • 15 airline transfer partners
  • $0 intro annual fee for the first year and then $95 each year after that

 

capital one beginner credit card

 

Click Here to get more information about the Capital One Venture Card. 

 

Bottom Line 

The Captial One Venture Card is one of my favorites because of how easy it is to use the Venture miles the card earns, and how approachable they make it for beginners. It can substantially reduce the cost of your travels in both your first year and beyond. You’ll be hard-pressed to find a card offering more value that costs you less out of pocket.

 

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Editorial Note: Any opinions, analyses, reviews, or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved, or otherwise endorsed by any card issuer.

The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.

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