Who is Capital One Venture Rewards Designed For?
The Capital One Venture Rewards one of the best travel cards currently available. It is designed for people with excellent credit who want a card with a simple yet generous rewards program. Frequent travelers will love the travel benefits included in the card and the stellar signup bonus makes it an attractive card for credit card churners looking for easy points.
What are the Interest Rates for Capital One Venture Rewards?
- Capital One Venture Rewards' interest rates for purchases and balance transfers range from 12.99% to 22.99% APR, depending on creditworthiness. There is no introductory rate for new customers. Cash advances have an APR of 24.9% and cardholders who are late on a payment could receive a 24.9% penalty rate.
What Are the Fees for Capital One Venture Rewards Credit Card?
- The Capital One Venture Rewards has an annual fee of $59, which is low for a prime travel rewards card. The fee is waived the first year. There are no transfer fees, foreign transaction fees or over-the-credit-limit fees, but there is a $35 fee on late and returned payments. Cash advances come with a $10 or 3% fee of the total amount, whichever is greater.
What Is Capital One Venture Rewards's Rewards Program Like?
Capital One Venture Rewards gives cardholders 2 points for every $1 spent. Period. There are no revolving categories or earning limits. Redeeming points is just as easy, with no blackout dates or restrictions to worry about. Simply make your travel purchases with the card and then redeem your points for a statement credit to pay for all or a portion of your travel purchases.
What about Capital One Venture Rewards's Signup Bonus?
Capital One Venture Rewards has a 40,000 signup bonus for cardholders who spend $3,000 in the first three months. Each point is worth one cent, so 40,000 can be redeemed for a $400 statement credit on travel purchases.
Does Capital One Venture Rewards Have Any Other Benefits?
Capital One gives Venture Rewards all the rewards that come with Visa Signature, which includes travel upgrades, complimentary concierge service, VIP access, extended warranty and 24/7 travel assistance services. These are generous benefits for a card that already gives 2X points on all purchases.
It also provides $0 fraud liability, unlimited access to your credit score and other useful credit management tools.
How Is Capital One Venture Rewards Better Than Other Credit Cards?
The Capital One Venture Rewards has an annual fee of just $59, which is low for a travel rewards card, particularly one with such a generous signup bonus. The reward points program gives double points for every $1 spent and makes it easy to redeem points.
The card doesn't have an intro rate on purchases or balance transfers, but at least it doesn't charge a balance transfer fee and the interest rates are competitive for this type of card.