Why the Capital One Venture Card Should Be in Your Wallet
Capital One Venture

Why the Capital One Venture Card Should Be in Your Wallet

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The Capital One Venture Rewards Credit Card is easily one of the best credit cards for beginners, thanks to how easy it is to both earn and redeem miles towards travel. For just a $95 annual fee, it offers some of the easiest points there are to redeem, period. Plus, you’ll get up to a $100 credit once every 4 years to redeem for either Global Entry or TSA PreCheck.

The large welcome offer bonus of 60,000 miles after spending $3,000 in the first 3 months just adds to the Capital One Venture Rewards Credit Card’s tremendous value. Keep reading for a breakdown of all the card’s benefits – and why it’s such a strong option for beginners.

 

venture card

 

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 now offering 60,000 Venture miles after spending $3,000 in the first 3 months of card membership.

So what does 60,000 Venture miles get you? A lot of travel.

Capital One has one of the easiest ways to use these miles toward travel. It’s called the Purchase Eraser, and it works like this: Just put any travel expense on your Venture card, log into your account, and use Venture miles to cover your expenses.

Every mile is worth one cent, so that means 60,000 miles are worth $600 in flights, hotels, and more. But you can also use these miles to cover travel expenses that you can’t typically cover with points and miles, like Airbnb, train travel, cruises, etc.

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

 

A Reasonable Annual Fee

The Capital One Venture Card carries an annual fee of $95. Unfortunately, Capital One no longer waives this fee for the first year.

But with at least $600 toward travel and other benefits you’ll see below, it’s easily worth that price tag.

 

$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 (currently $100 for Global Entry and $85 for TSA PreCheck). You are eligible to receive this credit once every four years, and membership in both programs lasts a full five 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.

Already have Global Entry or TSA PreCheck? You can use this credit to cover the application for a friend or family member! Just pay for their application with your Venture card and you’re set!

 

Earn 2x Capital One Venture Miles on All Purchases

One of the best perks of the Venture card is how easy it is to rack up miles.

You will earn 2x Capital One Venture Miles on all spending, with no limit on how much you can earn. That makes the Venture card a great card for your everyday expenses. Keep in mind, each mile can be redeemed for one cent toward the cost of travel using the Capital One Purchase Eraser.

That’s an unbeatable return, as few credit cards offer more than 1x points on all spending. But Capital One has recently added new bonus categories to the Venture card.

 

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. When you use your Venture miles to cover airfare, you won’t get stuck paying additional taxes or fees – those are included, as you’re simply buying flights and wiping the cost from your statement with your miles. And yes, you’ll even earn airline miles on your free flight!

Better yet, 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. Read our guide on exactly how to do it!

 

Airline Transfer Partners

Back in December 2018, Captial One added the ability to transfer Venture Miles to different airline partners. And more recently, Capital One added some hotel transfer partners, too.

Venture miles will transfer to 11 airlines and two hotel chains 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. Here’s the full listing of the Capital One Venture transfer partners.

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
JetBlueAirline2:1.5TBD
QantasAirline2:1.5Up to five business days
SingaporeAirline2:1Up to five business days
AccorHotel2:1TBD
WyndhamHotel2:1.5TBD

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

These transfer partners are a great way to potentially get even more value out of your Venture miles bonus.

 

No Foreign Transaction Fees

The Capital One Venture Card doesn’t charge foreign transaction fees. That makes it is a great option for purchases during your international travels – whenever international travel resumes, anyway.

 

Bottom Line

The Captial One Venture Rewards Credit Card is already one of the best travel rewards credit cards for beginners because of how easy it is to use the Venture miles the card earns. But to earn a stash of 60,000 miles for your future travels? That’s tough to beat.

Add in the Global Entry or TSA PreCheck Credit and other perks at a $95 annual fee, and it’s an amazing option for anyone looking to get started in the world of points and miles.

 

capital one venture

 

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

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: 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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