Capital One Venture Credit Card Review

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The Capital One Venture Rewards Credit Card is one of the most well-known rewards cards of its kind for a couple of reasons. One, it’s been around for some time; and two, it’s very heavily advertised. There’s a lot of hype surrounding this card, but it’s undeniable that its popularity is also earned to a substantial degree. To put it simply, it may be the most useful travel credit card out there and works for the largest number of people compared to any other. Chances are good, if you’re in the market for a travel rewards card, this one is probably your best bet.

Capital One Venture Rewards Card Benefits

  • You get a one-time 50,000-mile bonus after spending $3000 in one month’s time.
  • You receive 2 miles for every dollar spent on any purchase. Miles can be redeemed for one cent each.
  • There is no annual fee for the first year.
  • There is no foreign transaction fee.

Who Should Get this Card?

The Capital One Venture Rewards Card is ideal for anyone who flies frequently and wants to get the most out of their investment in air travel. Capital One wasn’t fooling around when they decided to put together a travel rewards program that would actually make life better for those who use it.

They do this primarily in two simple, but robust ways. First, they give you two miles for every dollar you spend. You are not going to find a deal like that anywhere else. Second, the ability to redeem miles for credit which can be applied to purchases makes the card extremely versatile and powerful. If you’re a business person who spends a lot of time in airports, the utility of this should be immediately apparent.

Why Choose Capital One Venture Rewards?

In addition to the enormous benefits for prolific fliers, there are some other benefits that might give the card a broader appeal in certain cases. There’s the sign-up bonus, which is simply tremendous- especially if you’re the proprietor of a startup business- with frequent travel needs- and are looking for a way to mitigate some of your initial start-up capital expenses.

Then, there’s the unusually high rewards rate. One air mile for every dollar spent is a rewards rate like nothing else you’re likely to find. It’s so good, in fact, that we’d almost recommend it just to lock the rate in- because honestly, it’s hard to imagine that rate lasting for much longer.

Let’s not forget about the flexible redemption possibilities. Most rewards programs try to limit you to certain vendors in order to appease some business partner of the issuer. Not Venture Rewards. You can redeem limes for use at hotels, rental cars, additional flights, and even all-inclusive vacation packages.

Is it the Right Choice for You?

The only drawback to the card it that it is optimized for those who travel, a lot. If you’re not on a plane at least every other month, it might not be the best choice for you. But if you’re a frequent farer of the airways, the question is- how can you afford not to have it?