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Why the Capital One Venture Card Should Be In Your Wallet

Capital One Venture

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It’s no secret that we are huge fans of the Capital One Venture Rewards Credit Card here at Thrifty Traveler. We’ve labeled it as one of the best choices for beginners as it provides an easy, no-frills way to substantially reduce the cost of your travels.

In this post, we will break down the benefits of the Capital One Venture Rewards Credit Card and show you why it is one of the best values out there when it comes to travel rewards credit cards.

 

 

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

 

Capital One Venture Card Welcome Offer

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

Because Venture Miles can be used for travel purchases that you can’t typically cover with traditional points and miles, they make a great option for Airbnb, train travel, cruises, etc.

Thrifty Tip #1: Want to maximize the value of your Capital One Venture miles? See our guide on 5 Ways to utilize them effectively.

 

$100 Application Fee Credit for Global Entry or TSA PreCheck: 

In June 2018, Capital One added a 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 are eligible to receive this credit once every four years.

Thrifty Tip #2: Since Global Entry includes TSA PreCheck, it should be your choice. See our guide on how to sign up for the program from start to finish.

 

Earn 2x Capital One Venture Miles on All Purchases

You will earn 2x Capital One Venture Miles on all spending with no limit to the amount you can earn. Each mile can be redeemed for one cent toward the cost of travel using the Capital One Purchase Eraser.

 

10x Capital One Venture Miles on Purchases at Hotels.com

Because of Capital One’s new partnership with hotels.com, you will earn 10x miles for every dollar spent on hotel bookings through the site.

When you combine the 10x miles offered by paying with your Venture card through the Hotels.com/Venture portal with the 10% back from the hotels.com rewards program, you will effectively be getting 20% back on all hotel purchases! I don’t know of another credit card or rewards program that can offer that kind of return on your hotel spending.

 

Fly Any Airline & Stay at Any Hotel

Because of the way Capital One Venture Miles work, you are not tied down to using them with one airline or one hotel chain. You can redeem them for travel on any airline or at any hotel with no blackout dates. Even further, the miles will never expire for the life of the account and there is no limit on the amount of them you can earn.

All you need to do is use the Captial One Purchase Eraser to remove the charge from your statement. See our guide on exactly how to do this.

 

Airline Transfer Partners

In December 2018 Captial One added the ability to transfer Venture Miles to 14 different airline partners. Venture miles will transfer to 12 airlines at a ratio of 2:1.5 (2 Venture Miles equals 1.5 airline miles) and at a ratio of 2:1 (2 Venture Miles equals 1 airline mile) for Singapore Airlines and Emirates. For a full listing of the Capital One Venture transfer partners, see the table below.

 

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

Thrifty Tip: See our guide on how to actually transfer Capital One points to partner airlines.

 

Annual Fee

The Capital One Venture Card boasts an annual fee of $95 which is waived for the first year of card membership. This essentially lets you try out the credit card for a year before you have to commit to an annual fee. In that first year, you can get over $600 in value if you earn the 50,000 bonus miles and take advantage of the free Global Entry credit.

 

No Foreign Transaction Fees

The Capital One Venture Card doesn’t charge foreign transaction fees. Because of this, it is a great option for purchases during your international travels.

 

Bottom Line 

The Captial One Venture Rewards Credit Card is one of my favorite travel rewards credit cards because of how easy it is to use the Venture miles the card earns. It can substantially reduce the cost of your travels. With the new Global Entry or TSA PreCheck credit, the card is a no-brainer for only a $95 annual fee.

 

 

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

 

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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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