Transferring miles to partners has its own set of advantages and disadvantages. The downside is that your redemption is capped at one cent per mile, which isn't ideal for those of us who like to score aspirational premium-cabin award tickets, even if they require a little extra legwork. Plus, there is a much larger breadth of travel purchases you can then use your miles on than standard airfare or hotel redemptions you get from transferring. On the one hand, redeeming your miles at a fixed value of one cent each to redeem miles for recent travel on your statement takes away the hassle of searching for award space and understanding complex networks of transfer partners. Both earn Capital One miles, which can be redeemed at a fixed-rate for travel (and temporarily some non-travel) purchases or transferred to partners. Redemption options is the area where the two cards really converge. Redeem your Venture or VentureOne miles to book a business class seat on partner airline Cathay Pacific. Even after accounting for the $95 annual fee, the full-fledged Venture Rewards card pays for itself for the first couple of years on the strength of its sign-up bonus alone. As a result, if you're looking solely at the value you'd get from the first year of card membership, the Venture Rewards Card comes out ahead. On the other hand, the VentureOne Rewards Card will only award 20,000 bonus miles once you spend $500 on purchases within the first three months from account opening, worth a minimum of $200 through fixed-value redemptions or closer to $280 if you transfer to partner airlines or hotels. This haul is worth up to $1,000 if you redeem your miles for travel purchases, or potentially worth up to $1,400 or more according to TPG valuations (not provided by the issuer) if you leverage Capital One's suite of airline and hotel transfer partners. If you open the Venture Rewards Card, you'll take home up to 100,000 bonus miles when you spend $20,000 on purchases in the first 12 months from account opening, or still earn 50,000 miles if you spend $3,000 on purchases in the first three months of account opening. One of the most important considerations when opening a new card is the sign-up bonus you stand to earn. The first major difference applies to new cardholders. Visa Signature benefits including purchase security and lost luggage reimbursementĪs you can see, there are some notable differences between the two, so let's take a deeper dive into each category: Sign-up bonus Up to $100 in statement credits for Global Entry/TSA PreCheck application fee Miles also transfer to 15 airlines at ratios of 2:1 or 2:1.5 Redeem miles as a statement credit to cover the cost of eligible purchases or redeem miles directly for new travel through Capital One. Comparison overviewĬapital One VentureOne Rewards Credit CardĮarn up to 100,000 bonus miles when you spend $20,000 on purchases in the first 12 months from account opening, or still earn 50,000 miles if you spend $3,000 on purchases in the first 3 months of account opening.Įarn 20,000 bonus miles once you spend $500 on purchases within the first three months from account openingĢ miles per dollar spent on every purchaseġ.25 miles per dollar spent on every purchase Yet despite the similar names and the identical redemption options, these two cards are geared toward different types of travelers. New to The Points Guy? Sign up for our daily newsletter and check out our updated beginner's guide. At the end of the year, Capital One added more than a dozen new and valuable transfer partners, making the Venture and VentureOne two of the most flexible rewards cards in the points-and-miles game. But you may not realize that this popular card also has a no-annual-fee sister card: the Capital One VentureOne Rewards Credit Card.īoth of these Venture-family cards got two major upgrades in 2018. The Capital One Venture Rewards Credit Card has long been a top travel rewards credit card with a manageable annual fee, a solid sign-up bonus and a strong flat-rate earning structure. View the current offers here.Įditor's note: This is a recurring post, regularly updated with new information and card details. Update: Some offers mentioned below are no longer available.
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