If you are a travel lover and always try to get the best redeeming mile that you can earn, how can it be possible that your travel plans are just to get more rewards? But many crowds may do that with the help of a Venture card. But What is this card? How can we get the rewards from this card? Is this really help to get it? Let’s find it.
Table of Contents
Overview
You are planning travel for only redeeming the rewards. So the Captial One Venture cards let you earn unlimited double miles per dollar on every purchase, and on the hotel you get five miles per dollar, and you can also book a rental car by Capital One Travel.
Well, you have the flexible redemption option, that’s why you choose to use your rewards mile but how? But this is just a start because we will discuss all the ways that Venture can Upgrade your Travel Experience.
What is a Capital One Venture Card?
This is a capital card that is very popular for the travel rewards card due to its annual fee which is $95 (that is on the low end of the fee, and as far as travel credit cards go), and also gives valuable perks and flexible rewards. So you have to make sure about getting enough travel each year to maximize the card benefit so spend enough to get it.
So the Venture cardholders earn unlimited double mile on every purchase as we already discussed. You are a new cardholder so you can earn only a signup bonus of 75000 miles by only spending $4000 on purchases within the first 3rd month of the account opening.
This card has an option for flexible redemption which allows cardholders to use rewards to cover the travel purchase and also transfer the mile to the loyalty programs.
You can also book a ticket by Capital One Travel, including the Lifestyle Collection hotel stay and many more. With this card, you can enjoy benefits such as credits for global entry, 24-in-7-hour travel assistance, and many more.
How Does The Capital One Venture Rewards Card Work?
These rewards can make earning and redeeming the mile simple, such as earning unlimited double miles on every purchase before, during, and after your vacation. And as we also mentioned before, on the hotel you get five miles per dollar, and you can also book a rental car by Capital One Travel.
So there is no limit on the mile that you earn, and the mile will not expire for the life of the account. As we already mentioned before this you also earn the 75000 bonus if you will spend the $4000 on the purchase within the first three months from the account opening as this is a sign-up bonus.
How to redeem Capital One Venture miles: is there any way?
As this makes earning and using your capital one mile seamless, so when you are ready for the vacation of a lifetime, a wedding popup, or a family reunion, then you are all set. So here are a few ways which redeem your rewards miles:
- Transfer your Miles: As we already mentioned you can transfer your miles to the loyalty programs but it will be more than 15 travels.
- Get Gift cards: You will redeem your mile for gift cards that are from more than 90 brands, and it’s included retailers, popular restaurants, and many more.
- Redeem for exclusive Tickets, event access, and perks: Cardholders are eligible to redeem the mile for more than 500,000 events with Capital One entertainment.
- Cover travel purchase: In this, they cover the cost of the travel purchase made with your card within 90 days of the purchase, and this may include car rentals, vacation rentals, airlines hotels, and many more.
- Redeem for cash: You can redeem your miles form of a statement credit or check.
- Book through Capital One Travel: Well, you have to feel confident as you are getting great prices on flights, rental cars, and hotels when you can use your mile to book through Capital One Travel. It predicts the flight price and also alerts you when the best time to book so you don’t overpay. So they proactively adjust the hotel prices to guarantee they match and also beat the other travel site, it also helps you to save an average of 15% on flights.
- Shop with your mile: Here you can use the rewards for the purchase at Amazon.com or at an online store by PayPal.
What credit card score do you need for the Capital One Venture Card?
Well, this card is geared towards applicants with good credit scores as there is only one way to check your credit score which is CreditWise from Capital One. And with this, you can access your TransUnion credit report and can also access your VantageScore 3.0 credit score without hurting it.
And the most interesting part is this, it is free for everyone, and not just only for the Capital One cardholders. This also scans the dark web for your personal information, like compromised email addresses or Social Security numbers, and then they will send you an alert if anything is detected.
Things to know before getting the know before he Capital One Venture Card?
But before applying this we have to know about this card, as you all want to be sure that it’s a good fit for your financial situation and lifestyle. So here we have outlined the most important things to know before getting this Venture card.
The annual fee
If you are applying for this Capital One Venture Rewards Credit Card then before this you have to make sure that you can afford to pay $95 yearly as a fee.
Your Purchase plan
This Capital One Venture Rewards Credit Card is very easy to use and also earning rewards is straightforward. When you are using your card to make a purchase then you will earn 2 miles per $1 spent on all the purchases, but there are no spending categories to track, and earning is unlimited. But with this card, you earn 5 miles per $1 spent on the rental car and hotel reservation made through this Capital One Travel portal.
Whether you qualify for the welcome bonus
This card has a fairly generous welcome bonus, and already mentioned that enjoy is a one-time bonus of 75,000 miles once you spend $4000 on the purchase of the first 3 months of the account opening, which is equal to $750 in travel.
However according to Capital One, if you have had this card in the past, or if you have this one card now, then you may be ineligible for this offer as this offer is a welcome bonus.
Your credit score and financial situation
So your credit score is one of the most important factors that determine whether or not you will be approved for your new credit card. If you have good credit typically increase your approval odds. So we recommend that anyone for the Capital One Venture Rewards Credit Card have a FICO score of at least 960.
But keep in your that credit scores alone are not the only important factor, your income, credit history, current debt, and usage may be considered. But you need more time to improve your credit score and also want to improve your financial situation then first you have to improve and then apply for it.
Whether you can afford the minimum spend requirement for the bonus mile offer
Well, let me tell you if you are planning to apply for this car and want to take advantage of the bonus miles offer then you have to make sure that you can afford the minimum spending required.
Like, enjoy the one-time bonus of 75,000 miles once you spend $4000 on the purchase of the first 3 months of the account opening, which is equal to $750 in travel. Well, you should only apply for this card when you can comfortably afford the spending that they require ( like if you have one of the large purchases then planned it anyway).
So we suggest you try to pay your card balance in full to avoid accruing interest charges if the interest charge can quickly add up to more the value of the bonuses mile in this card, do it responsibly.
Wrapping up
Thus, we have tried our best to convey here all the information about this topic in which we were talked about. In fact, we tried to give the all related information too, we thought it would be very interesting for you all to know about this card information and details. And we hope you will share this information with your friends and family. Well, it’s very interesting to know about How to get My EBT card number without the card.
As if you ask me then, I love to know some interesting information which will help me to grow my knowledge. However, we hope you like our article on the Venture Card: a Travel Plan to Get Great Rewards. We expect that you would like this article and also enjoy this information about this specific topic about how we can get rewards by just planning the travel.