How to Maximize Your Capital One Venture Rewards Credit Card

After Capital One Venture X Rewards Credit Card came into the picture, he took over much of the conversation about Capital One travel cards. However, the sister card Venture X is Capital One Venture Rewards Credit Card continues to be an attractive credit card that has something to offer everyone.

Of course, this is primarily for frequent travelers, but its rewards are flexible enough to provide benefits even if you prefer to stay at home. If you don’t book flights or hotels, you can still use your rewards for Amazon.com or Capital One Entertainment purchases such as VIP tickets and culinary events. If none of these got you excited, other options include gift cards, statement credits, or cashback.

A slight downside might be that Capital One Venture charges an annual fee of $95. However, if you use it as your primary credit card, the benefits will easily outweigh the cost, especially if you can use your Venture Rewards card to its full potential.

Earn rewards with Capital One Venture Rewards

Unlike other travel cards with bonus rates in various categories, Capital One travel cards have a fixed rate, in addition to the bonus category in Capital One Travel. Thus, the Capital One Venture Card allows you to earn 5 times more miles on hotels and car rentals booked through Capital One Travel, and 2 times more miles on all other purchases.

With these rates, you can easily earn significant rewards using this card for both general purchases and travel. At a monthly cost of $1,325, we estimate the annual cost of this card to be around $328.

If we consider other cards of the Venture family, then this is a competitive offer. For example, if you compare Venture and VentureOne, the latter does not charge an annual fee, but only offers 1.25X miles on all regular purchases, reducing the earning potential.

Overall, Capital One Venture is a great choice for earning Capital One miles.

How to maximize your reward at Capital One Venture Rewards

The first thing you need to do to maximize your Capital One Venture Rewards credit card rewards is to earn a signup bonus.

To receive the bonus, you need to spend $4,000 in the first three months after opening an account. You can earn 75,000 miles – or about $750 per trip – when you reach that threshold. Please note that only new account holders are eligible for this offer.

Keep in mind that for every purchase you make with the card, you get unlimited 2x miles. If you can use the card and still pay the balance each month, you can earn significant miles quickly.

Best Ways to Redeem Your Rewards

The best value for redeeming miles with the Capital One Venture Rewards Card is related to travel. Whether you’re paying for a travel purchase through Capital One Travel or making a purchase out of the country, your miles are basically equal to 1 cent each. In contrast, when you choose gift cards (0.8 cents each), credit statements (0.5 cents each), and checks (0.5 cents each), the reward is only a fraction of a cent.

In addition, when you redeem tickets for travel, there is no minimum number of miles you must earn before you can redeem them, no blackout dates for travel, no mileage expiration dates, and no limit on the number of miles you can use.

The Capital One Venture Rewards card also has a rare but useful redemption option – you can use any qualifying third-party travel purchase as a credit statement. While it’s a lesser-known choice, it’s quite useful, especially since Capital One defines “travel shopping” quite broadly, including Uber, taxis, and public transportation. If you’ve made a purchase within the last 90 days with a Venture Rewards card, you can “wipe” those charges.

By transferring your miles to a Capital One transfer partner, you will have access to more locations around the world than you could by flying miles alone, and at a better price. For example, if you find a partner airline that offers cheaper fares for the place you want to go, such as Air Canada’s Aeroplan, or an airline that doesn’t charge extra fees or surcharges, this is a great way to maximize the value of your trip. miles.

However, all travel partners are not created equal, depending on the speed of the transfer or the value of the miles after the transfer. Some of the best for transferring miles are Aeroplan (Air Canada), Avianca, British Airways and Etihad Airways. Do your own research on the mileage value of each travel partner before deciding if a transfer is right for you.

How to use other Capital One Venture Rewards card benefits

There are other ways to maximize this card while traveling, making it a must-have in your wallet while you’re abroad.

First, there are no overseas transaction fees for any purchase outside of the US. In addition, you can pass through airport security with a card statement of up to $100 for Global Entry or TSA PreCheck (your choice) every four years.

Meanwhile, you can be compensated up to $250,000 if you experience a covered accident during your trip if you pay for your trip with a Venture Rewards card. In addition, if you opt out of the rental car collision damage claim and take advantage of the optional car rental insurance included with this card, you will be reimbursed for the cost of the car in the event of damage or theft.

You can still redeem your Capital One Venture Rewards card even if you don’t want to travel. This provides significant shopping benefits, such as earning rewards through PayPal and Amazon.com. You also get access to Capital One Shopping, which automatically searches for coupon codes when you pay online. When shopping, keep in mind that you are also covered in case something goes wrong with the card’s extended warranty offer for one additional year for qualifying purchases.

Finally, you’ll have access to exclusive events like March Madness, artist soundchecks, and exclusive dinners with Michelin-starred chefs through Capital One Entertainment.

bottom line

The Capital One Venture Rewards Credit Card offers a flat rate of 2X Miles on all purchases with no earnings cap. And while this card is indeed best suited for those who spend $10,000 or more a year on travel, there are still plenty of perks that will make other cardholders feel like they’re still making good money for the $95 annual fee. USA.