Capital One Venture Card Review: Stress-Free 2% Rewards Card
on Capital One's
The benefits of the Venture Rewards:
- The Capital One® VentureSM Rewards Credit Card is a Visa card that earns you the equivalent of 2% or more in rewards on all purchases, from the first dollar you spend to the last. The Discover Escape and Starwood American Express have lower acceptance rates.
- There are no minimum spending requirements and no caps on rewards. Some cards cap rewards at a certain amount per year.
- The Venture has no foreign transaction fee.This is a charge levied on all transactions made overseas, and usually runs about 3%. If you spend, say, $2,000 abroad in a year, you’ve just saved $60, and wiped out the annual fee based on the F/X savings alone.
- No Hassle Miles are among the easiest to redeem for 1 cent per 1 mile. Miles show up electronically in your account soon after you make a purchase (no need to wait until the end of the month). You can then redeem them as a credit against travel expenses, whether that’s plane tickets, hotel rooms, gas or rental cars. Capital One is even nice enough to make suggestions as to which statement travel expenses you can offset with your miles. This makes it unlikely that you will end up with un-usuable miles.
- You can also redeem miles for more expenses than most other travel cards. If you have, say, an airline credit card and trade 15,000 miles for a domestic ticket, you’re still on your own for taxes and fees. Others will require you to fly certain airlines on certain dates, or avoid booking through discount sites like Hotels.com or Kayak. NHM have no blackout dates.
- No Hassle Miles also don’t expire, as long as your account is active.
- The Venture is the rare 2% card that has a concierge service.
While we believe the Venture Rewards card is an excellent all-around card, we should also do our due diligence and take a look at the other 2%+ rewards credit cards out there.
The Barclaycard Arrival Plus™ World Elite MasterCard® probably comes closest to edging out the Venture. Like its counterpart, it pays 2 miles per $1 and allows you to redeem for a statement credit against travel expenses. It even has an EMV chip. However, its annual fee is higher, so it’s a tradeoff you’ll have to decide for yourself.