More often than not, travel-focused cards offer rewards that are limited to specific airlines or hotels. That is not the case with the Capital One® VentureOne® Rewards Credit Card; it enables cardmembers to redeem the miles they earn for just about any travel service, whether it’s flight, hotel stay, train ride or taxi. It also include a sign-up bonus worth $200, has no foreign transaction fee and no annual fee. Here are the details…
- 20,000 sign-up bonus miles (worth $200 in travel)
- Unlimited 1.25x miles on all purchases
- Visa Signature travel and shopping benefits
- 0% intro APR on purchases for 12 months, after it’s 12.24% – 22.24% variable
- No foreign transaction fee
- No annual fee
How It Works?
Earn miles: Unlimited 1.25 miles per every dollar spent with the card. There is no limit to the number of miles you can earn and miles do not expire as long as the account is open.
Redeem miles: Once earned, miles can be redeemed for travel services such as car rentals, hotel stays, airfare, taxi rides, and more. There are also opportunities to redeem for cash, gift cards, and merchandise but you won’t get the same value for your miles.
Sign-up bonus: 20,000 miles which equals to $200 in travel services, after spending $1,000 on purchases within the first 3 months.
Visa Signature benefits: These would include travel upgrades and savings, as well as special shopping discounts. Also, there’s a complimentary 24-hour concierge service and 24-hour travel assistance services. In addition, users get special access and preferred seating to popular entertainment events and additional warranty protection on purchases made with the card.
APR: There is a 0% introductory APR on purchases for 12 months. After the first year, the variable APR of 12.24% – 22.24% will apply, based on your creditworthiness.
Costs
- 0% Intro APR on purchases for 12 months, after it’s 12.24% – 22.24% variable
- 0% Balance Transfer Fee
- 0% Foreign Transaction Fee
- $0 Annual Fee
Pros
- Generous bonus, worth $200, for a card that has no annual fee.
- No foreign transaction fee means that you will want to use this card while visiting other countries.
- Redeem for any travel service – there is no list of predefined/specific airlines or hotel chains; you can redeem the miles earned for just about any travel service.
Cons
- Low rewards rate of just 1.25 miles per dollar. Perhaps you are better off getting some cash back card that offers 1.5% cash back on every purchase.
- Introductory APR applies only to purchases, not balance transfers.
Is This The Card For You?
Perhaps… but you may be better off getting some other travel card that offers similar perks — including the lack of foreign transaction fee — and better rewards. We do like the fact that this card has no annual fee and that it includes a 12-month 0% introductory APR on purchases, but would love it even more if rewards ratio is at least 1.5%. Perhaps we ask too much… In any case, you can get a few additional details about this Capital One product from the link below. Check it out.