Review of Capital One Venture Rewards Card

For those travel frequently and with more flexibility, and wish to earn rewards faster, Capital One Venture Rewards Card is a good choice. This is a card that is named MONEY Magazine's Most Rewarding Card if you crave free airline flights. It offers one of the best travel reward program designed for the frequent travelers who has excellent credit. This is the only credit card in the current market that gives card holders double miles on every purchase, every day while you don't need to set up any investment account or bank account. New card holders get $0 intro annual fee first year plus earn 10,000 bonus miles. This card has no foreign transaction fee, a 3% savings on the international travels. Travelers that use the Capital One Venture Rewards Card will find they earn miles quickly and the miles can be redeemed for not only airline travel and hotel stays, but also car rentals and cruises. This is a great card for those that travel extensively.

Capital One® VentureSM Rewards Credit Card 2 miles per dollar on every purchase, every day Money® Magazine's "Most Rewarding Card if you crave free airline flights" – Money Magazine, May 2011 Earn 10,000 bonus miles when you spend $1,000 within the first 3 months, equal to $100 in travel Redeem your miles for any travel expense No limit on the miles you can earn and miles don't expire Fly on any airline, any time with no blackout dates No foreign transaction fees $0 intro annual fee for the first year; $59 after that Visa Signature(R) benefits like complimentary concierge and travel upgrades Receive complimentary upgrades and special savings at hotels, resorts and spas with your Visa Signature card Click here for official application, terms, and details

Intro APR Intro APR Period Regular APR Annual Fee N/A N/A 13.9% - 20.9% variable $0 intro for first year; $59 after that

When customers are deciding between travel credit cards, there are several factors to consider. One of those is how quickly points can be earned. With the Capital One Venture Rewards Card, two points are earned for every purchase made. Cardholders do not have to make purchases in specific categories for the double point benefits, every single purchase earns the two points per dollar spent. Every 100 points earned equals $1 in travel benefits. This means for every $50 in purchases cardholders earn a travel dollar, which is a bonus of 2 percent. As an added bonus, new cardholders that spend $1,000 on their card in the first three months of card ownership will get a bonus 25,000 points, which is worth $250 in travel benefits. That's a 25 percent bonus. Shopping through the card's website at partner companies allows cardholders to earn up to 15 points per dollar spent as a bonus. Points can be redeemed not only for airfare and hotels, but also for rental cars and gift cards. The Capital One Venture Rewards Card is a Visa Signature Card and that carries special benefits as well. When traveling, cardholders can receive complimentary airline and hotel upgrades during special promotion events. The card features roadside assistance service if your car happens to break down during your travels.

Earn Rewards

One-time bonus of 10,000 miles once you spend $1000 in the first 3 months
Earn 2 miles per dollar on every purchases
Get up to 15 more miles per dollar when you shop Capital One's Perk Central retail network
Earn unlimited miles that don't expire

Redeem Miles at Anytime, to Anywhere

You can redeem miles for flights, hotel rooms, car rentals, gift cards and more. To see how many miles you need to cover a travel expense, just add two zeros to the cost. For example, if you booked a $217 flight, you'll need 21,700 miles to cover it; a $109 hotel room, you'll need 10900 miles, $300 car rental = 30000 miles. Fly free on any airline, anytime. When you redeem for travel expenses, just follow 3 easy steps: 1. Shop around for your best travel deals and use your card to book it. 2. Redeem your miles online or by phone to get reimbursed for your purchase. 3. Your account will be credited for the purchase, and you will see it on the statement.

Visa Signature Benefits

The Capital One VentureOne Rewards Card also comes with all the benefits that Visa Signature provides.

Travel upgrades and savings
Receive complimentary upgrades and special savings at hotels, resorts and spas with your Visa Signature card.

Complimentary concierge service
Enjoy personal assistance 24 hours a day, from home and when you travel, with Visa Signature Concierge.

Special access to events
Your Visa Signature card gets you special access and preferred seating at events like the Super Bowl^TM and Olympic Games^TM.

Shopping discounts
Take advantage of special discounts at top retailers and online merchants with your Visa Signature card.

$0 Fraud Liability
If your card is lost or stolen and used without your authorization, you will not be liable for those charges.

24-hour travel assistance services
If your credit card is lost or stolen, you can get an emergency card replacement and a cash advance.

24-hour roadside assistance
If your car breaks down or you get locked out, call us and we'll send someone to the rescue.

Extended warranty program
You'll get additional warranty protection at no charge on items that are purchased with your credit card.

Travel accident insurance
Get automatic travel insurance at no extra charge when you use your credit card to purchase your fare.

Auto rental insurance
Rent a car with your credit card and you can get collision, damage and loss insurance.

Summary

Benefits and rewards are great but, in the end, the card must be competitive with other rewards cards in the industry. Capital One features an interest rate between 11.9 and 19.9 percent depending on the applicant's credit rating. There is an annual fee of $59, but that fee is waived for new card holders in the first year of owning the Capital One Venture Rewards Card. This card has no foreign transaction fee. Transferring balances from other credit cards to this card is completely free, with no service charges.