Capital One Venture Card Review 2019- Pro’s & Con’s

Introduction to Capital One Venture Card

The Capital One Venture card is a good example of the proliferation of travel reward-based cards. Is it the best one in the bunch? As you will find with some basic Venture reviews, a lot of people have been raving about this card since its debut a little while ago.

Travel rewards are one of the biggest motivators to get a new credit card. This is not a particularly new concept within credit cards, but it has seemingly become even more desired and popular in recent years. There is no question that the Venture card from Capital One is a good example of what we are talking about. The more you learn about this card, the easier it will be to see why a lot of people are quite fond of what it brings to the table.

Is it perfect? Absolutely not. Nonetheless, this is one of the best travel rewards credit cards you are likely to come across. There are several reasons as to why that is the case.

Capital One Venture Overview

One of the first things to keep in mind with this card is that the rewards go beyond travel. At the same time, it can be argued that the best rewards come down to those who will use specific benefit on a consistent basis. To be more specific, the Capital one Venture card is particularly useful to those who travel overseas on a regular basis. Domestic air travelers may want to look into a different card, although this one is still pretty good for individuals of virtually all imaginable backgrounds.

One thing we do need to discuss with this card in greater detail is its flexibility. This is in regards to how the card shakes out for rewards. There are a lot of different ways in which to use this card to your advantage.

As it turns out, there are actually a ton of great benefits to this card. From the rewards options, to the signup bonus, this is a rewards credit card that is at least worth a look on your part.

Capital One Venture Card Venture Benefits

It is reasonable to say that when it comes to the Capital One Venture credit card, the benefits outweigh the negatives. You can start with the impressive ease-of-use that accompanies this card. From the range of places in which you can use the card to gain points, to understanding and using your accumulated points, this is one of the most refreshingly straightforward credit cards to come down the pike in a good while.

The signup bonus is one of the first things we want to discuss in greater detail. Simply by spending $3000 on the card within three months, you will be given 50, 000 bonus miles for your troubles. That comes out to roughly $500 that you can spend on airfare and the like. This is a good example of a card you can build some vacation plans around. All in all, this is one of the strongest signup bonuses we have ever seen for a card. It’s one thing to promise a big bucket of points. It is something else entirely to actually put some value behind those points. From top to bottom, the points you will earn on this card have viable uses.

The rewards rate in general is exceptional with this card. Being able to earn 2X miles with every single purchase means you should be able to accumulate these meaningful points at a pretty steady rate. Furthermore, there are NO exceptions to the 2X miles rule. It also never expires.  You should also keep in mind that until January 31st 2020, you can earn 10X miles for any purchase you make through Hotels.com/Venture. This is a strong rewards card on a variety of different levels. There are no expiration dates or earning/spending caps to worry about. You also don’t need to deal with rotating categories, in terms of what you can do with those bonuses. As we said before, this is a very straightforward card. You can opt for gift cards, account credits for future travel purchases, checks, credits for your balances, or even charitable donations.

The presence of both a website and app is another thing we like about the Venture card. If you are the kind of person who prefers to have a good app to help you manage your card, you will be pleased to find that Capital One has a fantastic app to that end. Their website is also quite useful, in addition to being easy to use.

In addition to not having to worry about foreign transaction fees, which is great in the sense that this card is particularly useful to international travelers, you also get to take advantage of Capital One’s CreditWise program. This useful service gives you a range of tools to help you keep tabs on your credit score. There is no question that if you are an international traveler and a moderate spender, this is one of the top credit cards to consider.

Drawbacks

Not surprisingly, this is not a credit card for those who have no credit, or perhaps have poor credit. The only people who seem to be approved for the Capital One Venture credit card are those who have very good credit to begin with. If that doesn’t apply to you, then it might be a good idea to just look for a different card to use.

Furthermore, you should also note that this card does come with an annual fee. This comes out to $95 per year. Capital One waves that fee for the first year, but it will kick in after that. One could make the case that the 50, 000 points (valued at roughly $500) covers five years’ worth of those fees. At the same time, some may not see in that light. The annual fee is prevalent among most credit cards, but there are a number of examples of cards that skip such fees entirely. Of course, that usually comes with a trade-off, and the rewards associated with the Capital One Venture card are some of the best to be found anywhere.

Finally, we do want to mention that the cashback option for this card is a little on the lackluster side. The travel benefits associated with this card is far and away the best way to optimize your experience with this card. For those who want cashback rewards or statement credits, it is possible that you will be a little disappointed. For either of those options, the points will only be about half as valuable as they would be when you have them applied to traveling.

Capital One Venture Rewards

As we have pointed out, this is one of the best rewards cards available for travelers. Not only do they benefit from the travel-focus of the rewards themselves, but the additional points they can earn on other purchases comes out to a card with a lot to offer.

Overall, this is a card marked by a high rate of meaningful rewards, combined with a good signup reward bonus. As long as you plan to use this card primarily for travel, it is reasonable to imagine that the rewards will keep you around for at least a little while.

Costs

The $95 annual fee for this card is a little frustrating, but at least you won’t have to worry about it for the first year. Even after that, the rewards are such that you can theoretically cancel out that annual fee with the rewards you unlock. When compared to similar credit cards that come with annual fees, you will find the Capital One Venture card to be about average.

The regular variable APR for this credit card will fall somewhere between 17.99% and 25.24%. This is obviously something that will be dependent upon your credit score when applying. The APR for this card is pretty good when compared to other options, especially if you can hit that 17.99% mark.

Conclusion

The fact that we can earn 2X points on everyday spending is a nice feature for a card that benefits travelers above all others. The points can still be beneficial to those who do not travel, but at that point, you may as well just look for a better card for someone who doesn’t spend a lot of time going from one place to another. The Capital One Venture card is very straightforward, and that includes who they aspire to appeal to with its benefits and features.

At the end of the day, a frequent flyer will probably want to keep this card handy. Even if you plan just a few international trips over a single year, regardless of the reason why, you are going to be able to accumulate some considerable points. If you need to continue traveling, and you use your Venture points to that end, this is a card that can make it easy to cut down on your general travel expenses to a very significant degree.

This is a card with more good points than negative.

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