If you are new to travel and have heard about obtaining miles and want to get started, then Venture card from Capital One is worth exploring. We will be looking into the benefits and drawbacks of this card to give you a better understanding of how this card can help you during your travels.
Benefits of Capital One Venture Card
Here is an overview of the benefits you shall be entitled to if you opt for a Venture Card.
When applying for this card, you must look at the fine print to ensure you have applied while the promotional offer is valid as Capital One Venture offers a one-time bonus of 50,000 bonus miles, after you spend $3000 on purchases within the first 3 months of you opening your account.Many people are easily confused by Venture One, therefore, it is essential to note the difference as Venture One gives only 20,000 miles as a joining bonus. You wouldn’t want to miss out on those additional miles offered by the Venture card.
The miles are worth one cent when redeemed for a statement credit, but may be worth higher value when transferred to a Capital One travel partner.
Venture card offers various avenues through which you can earn rewards.Venture miles are easy to earn, you get 2x miles per dollar on all the purchases.
Capital One has a program with hotels.com until January 31, 2020, wherein if you do a booking using your venture credit card through hotels.com/venture, you can earn 10x miles per dollar.
Capital One has an enticing list of airline partners, wherein you can transfer your miles to their loyalty program and book your travel.You receive different miles rate when you transfer your venture miles to a travel partner.
Usually, 2x capital one miles when redeemed with an airline partner should get you 1.5 miles, but airlines such as Emirates and Singapore airlines may only yield you 1 mile for your 2x Capital One miles. You can get a 20% bonus miles when you transfer your venture miles to Flying Blue, this is a limited period offer which is available until June 30, 2019.
Capital One Airlines Partners
Listed below are the airline partners to whom you can transfer your miles for booking a flight.
|AirCanada (Aeroplan)||Air France/ KLM||Aeromexico||Alitalia|
|Qantas||Qatar Airways||Singapore Airlines|
Global Entry or TSA? Pre Application fee credit
If you are going to apply for Global Entry or TSA ? application, then you could receive a credit for the application fee if you pay for it using your Capital One Venture card.The payment has to be made directly using the card, usage of third-party payment medium such as PayPal would make you ineligible to receive the credit. You are eligible to receive one credit, either Global Entry or TSA. You can get one credit every four years for one of these applications.
Your travel bookings no longer need to be limited to a specific rewards portal. You can book your travel and hotel bookings through any portal and pay using the Venture card. Once the payment is completed, you can login to your account on capitalone.com and use the purchase eraser feature to get reimbursement. The purchase erase will allow you to redeem your miles for the purchase and credit the amount back to your account. You can use this feature to redeem your points for smaller transactions too, such as cab fare or car rentals.
No Foreign Transaction Fees
While we have discussed miles redemption an additional advantage of owning this card is not having to pay a foreign transaction fee for the purchases made abroad. The foreign transaction in general range between 2.7- 3.0% and are applied to each transaction after the conversion to US dollars. No foreign transaction fee is an additional saving you receive with this card.
The Venture card also offers additional benefits such as zero liability protection, extended warranty, 24/7 travel assistance services, travel accident insurance and auto rental collision damage waiver.
As a part of the welcome offer new cardholders do not get charged an annual fee for the first year. It is from the second year that a $95 fee is applied. If you are looking for a no annual fee credit card, then the annual fee may appear high, but for the benefits offered on this card, it does deliver value towards your travels.
While venture does not offer lounge access like some of the other travel cards, it is a great starter card for someone who is new to travel.