Unlike some other points currencies, such as Chase Ultimate Rewards, Capital One Venture Miles only transfer at a rate of 2:1 or 2:1.5 depending on the partner.
They currently include JetBlue TrueBlue, Air Canada Aeroplan, and Emirates Skywards, as well as all Accor Live Limitless, and Wyndham Rewards, among others. In addition to fixed-value travel redemptions, Capital One Venture Miles can be transferred to 15 airline mileage and hotel points programs. You get the same value of one cent per mile this way. Then you have 90 days to decide if you want to redeem miles for it by logging into your account and redeeming miles against the charge. Instead of booking through the Capital One portal, however, you can also just use your card to purchase travel, such as an airline ticket or hotel stay. Simple, right? No need to keep track of bonus spending categories like groceries or gas to make sure you’re getting the most from your card. One of the things that makes this card so popular among travelers is its easy-to-understand earning structure-it accrues two miles per dollar spent on every purchase. Keep in mind that this offer is only available to new cardholders who have not previously had a Venture account. And though this limited-time offer requires a bigger spend ($20,000) to get double the miles, it breaks down to under $1,700 per month. The Capital One Venture usually only offers new applicants up to 50,000 bonus miles after spending $3,000 on purchases within the first three months. The welcome bonus: Twice the miles as usual But the Capital One Venture is a standout product in the field-namely because it earns two miles per dollar, plus no foreign transaction fees-and offers excellent opportunities to earn and redeem miles, even if you don’t plan to book major trips anytime soon. Travel is rebounding, but there is still a long way to go, so you might be hesitant about opening a travel rewards credit card now. Here’s why it might be worth applying for the Capital One Venture right now and how to decide whether to go for it or the Chase Sapphire Preferred instead.
Which one is right for you will come down to the spending requirements of each card and how you hope to redeem your points. Folks who sign up can earn up to 80,000 points after spending $4,000 within the first three months, plus up to $50 in statement credits toward grocery purchases the first year.īoth are pretty incredible offers. The bonus miles are worth up to $1,000 when redeemed for travel, but that is just the start.īefore you apply, though, remember that the Chase Sapphire Preferred® Card, the Venture’s main competitor, also launched its highest sign-up bonus ever last week. One of the best credit card offers of the past year is back! For a limited time, the Capital One Venture Rewards Credit Card is offering new applicants up to 100,000 miles–earn 50,000 miles after spending $3,000 on purchases within the first three months of opening the account and up to 100,000 miles after spending a total of $20,000 within the first 12 months. Some of the offers mentioned below are no longer available. Opinions expressed here are entirely those of the AFAR editorial team. Our coverage is independent and objective, and has not been reviewed, approved, or endorsed by any of these entities. AFAR does not include all financial companies or all available financial offers. This compensation may impact the presentation of offers or affiliate links on this site. AFAR partners with and may receive a commission from card issuers.
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