» Capital One Venture Rewards Credit Card
Capital One Venture Rewards Credit Card Review
Offering double miles for every purchase made and no foreign transaction fees being charged, makes the Capital One Venture credit card an excellent choice for frequent travellers. Miles can be redeemed against any travel expense and new accounts even get a 0% introductory annual fee during their first year, while being able to earn 10,000 bonus miles at the same time.
The Hard Facts
The Capital One Venture reward credit card offers 2 miles per dollar spent with every purchase; a one-time bonus of 10,000 miles can be earned, once a customer has spent $1,000 in the first 3 months from the date of signing up. There is no annual fee payable in the first year, after which the fee charged is just $59 per annum.
Good news for customers wishing to transfer from another card: there is no transfer fee being charged and the transfer APR is 11.9% to 19.9%, depending on creditworthiness.
For purchases the APR applicable is 11.9% to 19.9% variable, but again, the actual rate offered depends on a customer’s creditworthiness.
The grace period is 25 days on purchases. Cash advance fees are 3% of cash advance with a minimum of $10. Cash advances come at rather a high interest rate of 24.9% variable APR, but for frequent travellers the cheery news is that there are no foreign transaction fees whatsoever.
The Venture Experience
The Capital One Venture reward credit card benefits from the Visa Signature Concierge Service, allowing cardholders to upgrade at choice hotels or get good tickets for shows or games.
On the travel side of things the card offers cardholders the chance to redeem their reward miles against any travel, gift cards, charity donations or merchandise. Travel can be booked anywhere, with any travel agent or shop or online and the miles can be redeemed before, during or after a trip.
The travel is not restricted either – it can be a cruise, an air ticket, a hotel room or rental cars, even taxi expenses are offered. There are no blackout times, no restrictions on seats or anything that would prevent a Capital One Venture cardholder to fully exploit the benefits and reward scheme on offer.
Reward miles can be redeemed up to 90 days after the purchase. All a cardholder needs to do is to go online to his or her account, find the relevant section and click Request Travel Credit and the miles are redeemed instantly.
Using the Capital One Venture reward credit card for everyday purchases like filling up at the gas station or buying groceries can soon clock up the miles, indeed 30,000 miles are not uncommon for cardholders, who spend an average of $1,250 per month on everyday things.
Capital One® Venture ® Rewards Card
- Money magazine’s “Most Rewarding Card if you crave free airline flights”
- 2 miles per dollar on every purchase, every day
- Earn 10,000 bonus miles, equal to $100 in travel
- Redeem your miles for ANY travel expense
- No limit on the miles you can earn and miles won't expire
- Fly free on any airline, any time with no blackout dates
- No foreign transaction fees
- $0 intro annual fee for the first year; $59 after that
|Intro APR||Intro APR Period||Regular APR||Annual Fee||Balance Transfers||Credit Needed|
|N/A||N/A||11.90% - 19.90% (V)*||None||$0 for first year then $59 each year after||Excellent Credit|