If you're looking for a low-cost travel card, the Capital One VentureOne Rewards Credit Card is a decent choice. But overall, other no-annual-fee cards can offer more upfront and ongoing value.
You need 100 Capital One miles for every dollar that a flight costs. Each mile is worth one cent when spent on travel. So, if your flight costs $200, you'll need 20,000 miles. That's a pretty standard rate for reward redemption.
For most consumers cash back credit cards will provide more value than a standard airline miles credit card. ... Airline credit cards, on average, provide much better short-term value, while cash back cards are better long-term.
You should only apply when your credit score is at least 700, but preferably 750 or higher. Once you qualify for the Capital One Venture Card, you'll begin earning 2x rewards miles on every purchase.
Capital One Venture Rewards Credit Card
Highest reported credit limit: $50,000, according to a post on the myFICO Forums. This is another Visa Signature card, so the minimum credit limit is $5,000.
Is there a way to get the Capital One Venture annual fee waived? You won't be able to get the first year's annual fee waived, but you can always ask to get subsequent annual fees waived. In fact, I just did this when my Venture card annual fee came due last month.
On average, 40,000 miles are worth about $400. But it can vary widely. For example, 40,000 AAdvantage miles are worth roughly $456 in American Airlines airfare. With United, 40k miles get you $416 in flights.
In other words, if you have 50,000 Capital One miles and you purchase a $350 hotel stay, you can completely redeem that transaction for 35,000 Capital One miles. Or, if you make a $600 hotel stay, you'll have enough miles to wipe $500 off of your bill — you can just pay the rest with cash.
Your travel credit card miles can take you wherever you want to go. With Capital One's travel rewards cards, you'll earn unlimited miles on every purchase you make. You can use your Venture or VentureOne miles rewards credit card to book any airline, anytime, anywhere with no seat restrictions or blackout dates.
Cash back is flexible and easy to redeem. Points or miles dangle the possibility of a paid-for vacation and, sometimes, a higher reward value per dollar spent. Nowadays, some cards let you redeem rewards for cash or travel at the same value. ... “If you don't want to work at it, cash back is the easy decision.
DO NOT redeem your ever-so-valuable Chase Ultimate Rewards for cash back, gift cards, or through Amazon.
Look at your mileage balance. If you have more than the required miles for your award, you can cash them in immediately. If you are within a few thousand miles, there are ways to make up the difference.
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