Capitol One Venture Credit Card Review
I wanted to review the Capital One Venture Card to see if it lives up to the hype. This card is heavily advertised in the media so most people are at least somewhat familiar.
I do like this card but I don’t think it’s the best card if you are just starting out or if you’re just looking to only have one card. I would recommend this card after you hit your 5/24 from Chase. if you don’t know what the 5/24 from Chase’s then definitely check this out first before you apply to this card.
Capitol One Venture card does have some nice benefits, mostly being the ultra flexible redemptions that I will cover a bit later. The redemption is really where this card shines, however this card does not have the total value as some of the other similar cards such as a Chase Sapphire Preferred or The Bank of America Premium Card.
Capitol One Venture Card Highlights
• Double miles on all purchases, which is really nice
• 50,000 point signup bonus after (3k minimum spend)
• No annual fee
• Flexible redemption on any travel purchase
• No foreign transaction fees
The current sign-up bonus is 50,000 points, which is above the normal 40,000 point sign up bonus. If you are considering this card, now is a good time to apply. If the sign-up bonus is not 50,000+ you might want to hold off till the 50k sign up bonus is available (several times per year).
There is no annual fee the first year which is awesome, and then it’s only $95 dollars a year after that.
Once you get once you hit your minimum spend you’re going to be sitting with
56,000 capital one points in your pocket equaling about $560 dollars in travel. Points are worth one cent each so it’s just easy to determine how much your points are worth. $560 x .01 points = $560.
Really what’s nice about this card is how easy it is to use. There’s no worry of transfer partner’s blackouts or anything like that. Basically, just make a purchase on this card under one of the travel categories (pretty much anything you can imagine travel related such as hotel, flights, Airbnb, Uber, Taxi, Train, etc.)
After you make a travel related purchase on the card, just go inside the system and select that purchase (within the 90-day period of sale) and click the button to erase the charge for points. The points redemption will erase the charge, free of any fees.
Due to the simplicity of the card, It’s a nice beginner card but again I believe. there are better cards that offer a little bit more value. This card offers $560 in value after minimum spend but with a different card you might be able to stretch that out to a $1000+.
How I Use The Capitol One Venture Card
I use this card for pretty much 3 reasons:
1. Airbnb is my favorite way to redeem this card because it’s my favorite way to travel.
2. Small hotels / airlines that are usually more difficult to use points for.
3. Using to erase airline booking fee (when redeeming for points).
The flexible 1 penny per point redemption is easy to understand and doesn’t matter what if uses for a flight a hotel a car rental. The redemption is the same value so spend as you see fit.
I’m not real big on hotels, I prefer the Airbnb experience whenever possible. With other Airbnb partners such as Chase or Amex (only sometimes an Airbnb partner) you can usually stretch your points out a lot further than a penny per mile, hence why this card is perfect for an Airbnb redemption.
When redeeming points directly with an airline points there is often a small fee between $5-$50 and its great to use the Venture card to erase this fee.
Capitol One Venture is a nice card to have the first year but after that it doesn’t offer a lot of value and isn’t a great “keeper card”. The flexible redemptions (for pretty much any travel expense) is nice and it serves it purpose.
It’s a very easy to use card for beginners but there are many other cards I would recommend over Capitol One Venture such as the Chase Sapphire Preferred or the the Bank of America Premium card. I would only apply to this card when you are over your Chase 5/24.
I do have this card but It was pretty far down my wish list before I got it. I recommend the same strategy as well for you. If you do decide to pull the trigger and apply be sure the sign up bonus is 50k or higher. Good luck!
Chase Sapphire Preferred® Card
With great travel benefits, 2x points on travel & dining and a 50,000 point sign up bonus, the Chase Sapphire Preferred is a great card for those looking to get into the points and miles game.
More Things to Know About CHASE SAPPHIRE PREFERRED® CARD
<li>Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®</li>
<li>2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.</li>
<li>Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening</li>
<li>No foreign transaction fees</li>
<li>1:1 point transfer to leading airline and hotel loyalty programs</li>
<li>Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel</li>
<li>No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards</li>