Capital one credit card login venture1/17/2024 Moreover, many other credit cards come with perks that are also worth something, from free checked bags, priority boarding, lounge access, Internet at hotels, and much more. Capital One is always the same: two miles per dollar spent. Capital One points have little value.Īdditionally, there are cards that give great category bonuses, such as multiple points for travel, shopping, food, gas, and groceries, so it’s not always one for one. That’s true, but if you spend $50,000 USD on your AA card, those 50,000 points can be redeemed for a one-way business-class flight to Japan worth thousands of dollars! If you spend the same on Capital One, it’s worth $1,000 USD. “OK, but if I get an American Airlines, Starwood, or United card, I’m only getting one point per dollar. But if you wanted to redeem Capital One points, you would need 2.5 million points! That ticket costs $25,000 USD! Or, you could redeem 90,000 Alaska Air miles for the flight. Let’s say you want to fly Emirates first-class from Los Angeles to Dubai: In this scenario, your 100,000 AA miles are worth close to seven times the value of your Capital One points! To redeem that same flight with Capital One, you would need to have 690,000 points or spend $345,000 USD!Īnd here is another example. I know most people won’t spend that much per year.)įor example, 100,000 American Airlines points when earning 1 mile per dollar spent (assuming no category bonuses like booking with the airline) could get you a round-trip seat in coach class to Europe twice, a first-class ticket to Europe, or a business-class ticket to Asia, which on JAL costs $6,900 USD: ( NOTE: I use $100,000 since it’s a nice simple round number. Let’s say you’re in your second year and plan to spend $100,000 USD on your card for 200,000 points, worth $2,000 USD. I think the card is worth the sign-up bonus – I’ll take $460 USD any day, but what happens after that? The card comes with a 40,000-point sign-up bonus after spending $3,000 USD in three months. Let me explain why Capital One’s Venture Card is not good for those wanting to get the most bang for their travel hacking buck and actually get free flights and hotel rooms: It’s not how many points you earn, but how you can redeem those points. While it is true you earn two points per dollar spent, not all points are equal. I think it’s probably the worst card for a travel hacker.Īnd it’s time I explain why so people won’t make the same mistakes my friends made! I think if you’re a low-spending, low-traveling person, this card could be worth your time (see comments below where I tell people not to move to a different card).īut it’s not even close to being even a mediocre travel hacking rewards card. They are selling simplicity and they do it well. How can it be that be bad, then?Ĭapital One gets a few things right: the simple rewards structure of their no-fee Venture Card is perfect for people who don’t spend much money or who don’t want to worry about points. I get a lot of emails asking about this card, and I recently chastised two friends for using it as their primary credit card for gaining points and miles. You can read about it here.Ĭapital One’s Venture Card - that “no hassles” credit card advertised on TV - will save you big on the road, right? Many people - even me - recommend this card but it is actually the WORST travel rewards credit card you can use. NOTE: Capital One’s Venture Card has improved a lot since this post was originally published in 2015.
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