Great Benefits for Travelers
The Capital One Venture card is a great credit card, not only for travel, but also for everyday use. The annual fee is low ($0 for the first year, $59/year after that) and there is no limit to the rewards you can earn. You earn 2 miles for every dollar you spend. Those miles can be translated into cash toward any travel purchase you’ve made on the card. So, it’s basically a 2% cash back card if you travel. Plus, you have the added travel benefit of no foreign transaction fees.
Some examples of the travel that can be reimbursed are: hotels, rental cars, cruises, and airline/train/metro tickets. If you don’t travel, you can still redeem for things like gift cards or other non-travel charges, but those are only at a 1% reimbursement. Since the miles don’t expire, it makes sense to save them up for travel, even if you only travel occasionally.
The online redemption site is quick and easy to use. You simply click the link to the rewards page, click Redeem Now and the website will list the eligible travel expenses from your last 90 days that you can redeem your miles for. Reimbursement usually occurs within a couple of days as a credit to your statement.