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Perhaps you’ve seen the Capital One television commercials over the past few years that feature celebrities like Samuel L. Jackson and Jennifer Garner extolling the virtues of the Capital One® Venture® Rewards Credit Card. Then they ask: “What’s in your wallet?”
The Capital One® Venture® Rewards Credit Card, which lets you collect points that are not affiliated with any airline programs, is great for people who are new to rewards travel because of its simple earning scheme and flexible redemption options. You can use the miles for any travel purchase, including with any airline or hotel.
Now that Capital One also has airline partners that you can transfer miles to, this card has become increasingly popular with miles and points collectors. The welcome bonus and annual fee of $95, make it a serious contender for anyone who wants to travel on rewards, and the card’s benefits are solid, too. Here are five reasons this card could be a good fit for you.
1. Access to a big welcome bonus
Enjoy a one-time bonus of 50,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $500 in travel. You can either redeem miles by booking through the Capital One website or get a statement credit applied to travel charges made on your card. Alternately, you can transfer miles to one of 15 airline partners.
2. Earn 2x miles on everything
Cardholders earn 2 miles per $1 spent on everything. That means no bonus categories to keep track of or rotating categories to sign up for every quarter.
3. No annual fee the first year
The annual fee is $95.
4. Global Entry or TSA Precheck fee credit
Holders of the Capital One® Venture® Rewards Credit Card can choose between a $100 Global Entry or $85 TSA Precheck fee credit. Global Entry and TSA Precheck membership are good for five years, and this benefit is available every four years, so you can easily get used to shorter lines and keep this perk if you keep the card.
» Learn more: TSA Precheck vs. Global Entry: Which is right for you?
5. No foreign transaction fees
There are no foreign transaction fees when you use the card overseas or make a purchase with a foreign vendor. Those fees can cost up to 3% of the purchase amount, making this a great cost-saving perk for travelers.
The bottom line
If you’re new to the miles and points hobby, the Capital One® Venture® Rewards Credit Card is a great starter card. The 2x miles on everything add up quickly. Even if you only spend $1,000 a month on the card, you’ll earn 24,000 miles a year, which is worth $240 towards travel. Best of all? You can earn unlimited miles that won’t expire as long as you have the card. Add that to the welcome bonus and you’ll have plenty of points at your disposal.
How to Maximize Your Rewards
You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2020, including those best for:
Airline miles and a large bonus: Chase Sapphire Preferred® Card
No annual fee: Wells Fargo Propel American Express® card
Flat-rate rewards with no annual fee: Bank of America® Travel Rewards credit card
Premium travel rewards: Chase Sapphire Reserve®
Luxury perks: The Platinum Card® from American Express
Business travelers: Ink Business Preferred® Credit Card