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Are you interested in the Capital One Venture Rewards card and don’t know what it offers you? Then you are in the right place, where you will know all the details about it.
The Capital One Venture Rewards card can help you a lot, especially if you travel frequently. In fact, this is the audience of this card.
Throughout this article, you will learn what it offers, what its strengths and weaknesses are, how Capital One’s reputation works and, above all, if this card is for you. In short, you will know everything you need to decide whether or not to apply for the Capital One Venture Rewards card.
How did Capital One come about?
Few people know, but Capital One was founded in 1994, when Signet Bank’s card division spun off.
The founders, Richard Fairbank and Nigel Morris, wanted to use data to offer more personalized cards. What seemed daring at the time became the rule in setor.Com time, the company expanded into car loans and then traditional banks.
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Today, it is among the largest credit card issuers in the US, UK, and Canada.
Benefits of the Capital One Venture Rewards Card
Let’s start analyzing the card for the benefits it will have when using it.
1. Welcome Bonus: 75,000 miles right off the bat (Capital One Venture Rewards card)
One of the biggest draws of the Capital One Venture Rewards card is the initial bonus.
When you spend $4,000 in up to three months, you receive 75,000 miles, which is equivalent to about $750 in travel credits.
This advantage is so attractive that it is like winning an international ticket just for using the card in your daily life.
The cool thing is that there are no hidden tricks: bought, paid with the card, counted for the bonus.
However, this spending goal is high for some people, but very feasible if you use the card for normal expenses such as rent, groceries, or larger bills during this period.
The best thing is that, unlike other cards that restrict where you can spend to reach the bonus, here it goes for any category.
In short, if you plan your initial purchases well, this bonus already pays the card’s annual fee and still has an advantage for your next trip.
2. 2X miles on every purchase: no headache
In addition, on the Capital One Venture Rewards card Venture Rewards card, you earn 2 miles for every dollar spent on any purchase, with no limit.
It doesn’t matter if it’s a supermarket, gasoline, transportation app or even streaming like Netflix and Spotify.
Thus, the confusion disappears from other cards that require calculating categories, dates or monthly ceilings. It’s straightforward and easy to understand.
This makes a difference for those who don’t have time to think about which card to use for each purchase.
Throughout the year, the accumulation is significant, an average spend of $2,000 per month generates 48,000 miles, not counting additional bonuses.
That means about $480 worth of travel with no extra effort.
3. 5X miles on hotels and cars rented by Capital One Travel
If you usually book trips, this card will undoubtedly interest you. Because, in it, you earn 5 miles per dollar in hotels, vacation homes and rental cars booked through the Capital One Travel portal.
This portal works like other booking sites, but with two advantages:
- Protection against falling prices;
- Best rates guaranteed.
In addition, if the daily rate or rent drops after your purchase, you can ask for the difference back.
In addition, accumulating 5X miles in expenses that are usually high makes the benefit even more attractive.
A $1,000 hotel stay, for example, earns you 5,000 miles. Something like US$ 50 in travel credits.
4. Annuity and APR are reasonable (Capital One Venture Rewards card)
Venture Rewards charges an annual fee of $95.00.
Compared to premium cards that cost upwards of $600 per year, it’s relatively affordable.
Even so, this amount must be taken into account, especially if you do not travel frequently.
The good news is that, with the welcome bonus and travel benefits, the annuity pays for itself in the first year.
As for interest, the card has a variable APR between 19.99% and 29.24%. This is high but common among American cards.
Therefore, you should always pay the invoice on time. If you leave a revolving balance, the cost can cancel out any advantage of the miles.
In summary, this is a card that is worth a lot to those who have financial control. For those who delay payments, it can become an expensive headache.
Are you the second type of person? Know that the card can still help you, but you need tools like the best personal finance software.
5. No foreign transaction fee: advantage for travelers
Many cards charge up to 3% fee on purchases made outside the US.
It seems little, but on an international trip of US$ 5,000, for example, there are US$ 150 thrown away.
Venture Rewards completely eliminates this fee.
This makes it a great companion for those traveling for leisure or business. In fact, you can use the card in restaurants, hotels, stores or even in emergency withdrawals abroad without fear of seeing the invoice inflated by hidden fees.
This benefit also applies to online purchases on foreign websites.
So, even if you don’t travel every year, you can save money by buying imported products or subscribing to services from abroad.
And the reputation? The side that few talk about
Here we have a delicate point. On Trustpilot, Capital One US has a 1.5/5 rating. Yes, terrible.
The main complaints are the slow service. And the difficulty in solving problems. But it’s fair to separate the company as a whole from Venture Rewards.No Capital One’s own website, the card has a 4.6/5 rating, based on more than 10 reviews, and 77% are maximum marks.
Is the Capital One Venture Rewards card worth it?
At first, the Venture is not for those looking for luxury. It is also not ideal for those who only want cashback.
But for someone who spends regularly and travels at least once a year, it’s one of the best deals.
Conclusion (Capital One Venture Rewards card)
In the end, the Capital One Venture Rewards card is a very interesting card, delivering everything it promises, that is:
- Accumulate miles in a simple way;
- Offer travel benefits that really matter.
It may not have the prestige of an Amex Platinum, but it conquers by being affordable, straightforward and efficient.
Now it’s up to you to decide whether it’s worth it or not, considering your everyday needs.