How to use and maximize your miles for your travels with Capital One Venture Card? This is a timely question since a lot of ads for credit cards pop up on Facebook and Instagram this time of year.
I honestly fell in love with this card since I started working in 2015. Since I first applied with Capital One on my own I had to get the Capital One Venture One Card instead of the Capital One Venture card. I loved my Capital One Venture One but it only gave me 1.25% back from other purchases other than travel and that did not add up to much. Capital One Venture card, however, gives 2% back on every purchase. My husband was a die-hard fan of the Capital One Quicksilver card which gave him 1.5% cashback on every dollar he spends. It took me many years to prove my point to him that the Capital One Venture Card would be better. This year I won! LOL, We finally got the Capital One Venture Card.
What makes me excited about this Capital One Venture Card is their partnership with Cathay Pacific and Singapore Airlines. This means we can use our miles every time we go home to the Philippines. You can book through Capital One’s travel portal. Their website is so easy to use. For people like me who are not very tech-savvy, the website is easy to figure out. Trust me, you’ll like it!
Why I love Capital One Venture Card?
- It gives you 2% miles in every $ you spend on any purchases.
- I love to travel and go home to the Philippines every few years and this will help us with our travel expenses.
- Having a travel general card is a great option. It gives you flexibility in managing your budget. You can book directly to their Capital One Travel portal for airline tickets, hotel stays, transfer your miles to their airline’s partners and/ or convert your miles into cash to help pay your current Capital One Venture One/Capital One Venture Card.
- If you spend $3,000 in the first 3 months on your card Capital One will give you 50, 000 miles bonus which is equivalent to $500 in cash. That’s a big amount to use for your travels or use to pay your current bill. I have used the money in the past to pay my bill, but honestly, I wouldn’t recommend it as it is not the best value.
- Capital One waives the $95 annual fee for the first year. You have the option to cancel the card the following year if you want to. Take note that the 50,000 miles which are equivalent to $500 already pays for your five years annual fee.
- One thing to consider: if you spend more than $1,055 per month on your daily expenses it justifies the amount you pay for the annual fee on this card.
- You received $100 Global Entry or TSA PreCheck if you use your venture card.
How to maximize your miles with Capital One Venture Card?
A. Cover Your Travel Purchases between Booking A Trip
It is better to use your point through Cover Your Travel Purchases than using it to Booking A Trip through Capital One travel because some of the things you’ll book the cost of the hotels, car rental or airline tickets is more higher in booking through their portal it means you’ll use more of your points. The price difference in each business differs from $1- $38 or even more but try to check the pictures below. It is the comparison between Hotels.com and Capital One Travel portal. While in booking through Cover Your Travel Purchases the numbers of miles are fixed. By seeing this comparison I would rather find a great deal in other websites and purchase it with my Capital One Venture card and used the Cover Your Travel Purchase eraser after to maximize the miles I earned.
The pictures below are a comparison of the Cambria Hotel In Nashville. I put the same dates and that’s the price difference between the two sites. Booking a trip through Capital One Venture Travel costs $335 while if you book it in Hotels.com the price is $297. That’s a big difference!
Answer: Cover your travel purchases is better!
B. Cover Your Travel Purchases between Amazon
I tried to look for a similar price in Amazon and tried it out in my card and see how many miles they will get for a similar amount. As you noticed above if I’ll try to use my miles to redeem my travel purchase of $160.42 it will cost me 16, 042 miles while if I buy something in Amazon for $161.76 it will cost me 20, 220 rewards. The total price isn’t exactly the same but the $1.34 difference with the total price and the total number of miles difference is 4, 178 miles. That’s a lot of miles wasted.
Answer: Cover Your Travel Purchases still is the best way to go.
Advantages Of Having A Capital One Venture Card
- Having the flexibility on how to use the card is the number one advantage.
- The 2% miles in other purchases is a great deal compared to other cards.
- The $95 annual fee is waived for the first year which is great.
- The Capital One Venture can now be transferred to 15 travel partners.
- Their partnership with Jetblue got better this year 2020.
- As long as your venture card is open your miles will always be there and no limit of how much you can earn.
- New partnership with Accor Live Limitless and Wyndham Hotel partners this year 2020. Check their site for more information about the partnership.
- The money you spend for the first 3 months justifies the amount of the total bonus miles they will give you back.
- No foreign transaction fees are one of the perks you want to have in your credit card for international travel.
- The benefits of Global Entry worth $100 and or TSA Precheck worth $85 good for five years and you can get and renew the statement again within four years. Having this opportunity to speed up the security and immigration process for having a venture card is another good perks.
- Your miles can be used in shopping through Amazon.com
No wonder they named Capital One Venture Card as the overall winner for this year’s travel card because of the many benefits that come with this card including the freedom to use it on any purchases and still earn 2% back. After their partnership with Hotels.com, they got better this year 2020 by stepping up for their travel rewards with Jetblue which is a 2:1.5 ratio. Their new partnership with Accor Live Limitless and Wyndham rewards who have thousands of properties around the USA and in other countries is another addition.
The 2% miles back on all purchases is already a big bonus to have compared to the other cards. After all, it will be based on how we spend our money and our lifestyle.
The following are some of my articles on how to save money or budget for travels
Disclaimer: This article is all my opinion based on my own research and understanding. If you have any other questions please contact the bank for further details. Some links in this article are affiliate links, which means that if you purchase through them I receive a small commission, at no extra cost to you. This helps cover the cost of running this blog. Thanks for your support!