Contents
Capital One Venture Credit Card
$95
Pros
- Miles rate and interest rates are balanced well. With current features of the card, if you are spending much regularly for hotels, Capital One Venture Card can be very beneficial for consumers.
- There is 50000 miles bonus for $3000 bonus. See the review section below for more information.
- 10x miles on purchases from hotels.com. 2x miles for all other purchases.
- No need to pay annual fee in first year.
- No extra payments in foreign transactions.
- Cash Advance and Balance Transfer fees are very good.
- There are many good and unique benefits of the card.
Review
Capital One Venture Card is a nice miles card that you can get 2x miles on every purchases and 10x on hotels.com purchases. We are going to provide a detailed review for each features of the card on this page.
Capital One Venture Card Interest Rates
Purchase & Balance Transfer APR: 15.24%, 21.74% or 25.24%
Introductory APR: None
Cash Advance APR: 25.24%
Since you need an excellent credit score to get this card, you can pay 25.24% APR for it maximum. This is actually very high for excellent credit score. Since there is not already any introductory APR, you will feel the highness of interest rates when you receive your first bill. We will make an calculation and compare rewards and expenditure to understand if this card worth it. Let’s see.
Capital One Venture Card Worth it?
Scenario 1-)
Without Cash Advance & Balance Transfer.
My monthly overall purchase is $1200.
I go to vacation for 10 days in a year with my family to abroad. This year we are planning to go to Italy. I will pick a 4 stars hotel from Rome for 10 nights. Here: Radisson Blu es. Hotel. 2 adult and a child (2 year-old). 01.02.2018 price is $209. For ten nights I will pay $2090.
I need to pay $25 for interest every month.
I earn $24 worth miles every month from purchases.
Finally, I earn $17.5 worth monthly miles from my hotel.com purchase. (Totally $209 worth miles annually.)
$16.5 profit monthly.
With Bonus in First Year: $58.16 profit monthly.
With Annual Fee After a Year Later: $8.5 profit monthly.
(I am not using cash advance and balance transfers with Capital One Venture Card. If you will use those, you will need to add extra fees and interest rates. See below for example.)
Scenario 2-)
With Balance Transfer and Cash Advance.
Monthly Purchase: $1200 (Overall)
Monthly Cash Advance: $500 (Overall)
Hotel Purchase: $2090 (Once in a year)
Monthly Balance Transfer: $100 (Overall)
Purchase : I need to pay $25 monthly.
Cash Advance: I need to pay $10.42 interest + $15 fee monthly.
Balance Transfer: I need to pay $2 interest + $3 fee monthly.
Total extra payment: $55.42
Rewards from Purchase: $24
Monthly profit from hotels.com purchase: $17.5
Total rewards: $41.5
$13.9 loss monthly.
With Bonus in First Year: $27.75 profit monthly.
With Annual Fee After a Year Later: $21.81 loss monthly.
Result
Consumers are generally lose at all rewards and expenditure compare of course. However $21.81 maximum lose with current rates is very good. If you need a hotel card and if you spend hotels for a few times in a year, Capital One Venture Card is going to be fully profitable for consumers. If you don’t also use this card for cash advance, it is also going to be very beneficial for consumers.
Besides there is also $100 worth travel credit for you in Capital One Venture Card. We haven’t add it to our compare.
Capital One Venture Card Rewards & Bonus
You care going to earn 50000 bonus miles just after you spend $3000 in three months after account opening. 50000 miles worth $500 and it is really good bonus which will help you to book hotel rooms free.
You are going to gain 10x miles from hotels.com purchases and you can gain 2x miles from all other purchases with Capital One Venture Card.
Annual Fee
First year is waived for Capital One Venture Card. Then you will need to pay $95. This is very good for such a card which is providing high bonuses and rewards.
No Foreign Transaction Fee
If you go abroad or if you buy products from abroad with other currencies, you are not going to pay extra fees for foreign transaction. This is a very good feature for a hotel & travel card. This is also another upsides of Capital One Venture Card.
Cash Advance and Balance Transfer Fee
You are going to pay %3 maximum for your cash advance and balance transfer fee. This is also very good. These fees can be serious problem for consumers. Especially when you calculate all fees that you paid in a year. 3% is a good rate for Capital One Venture Card.
Capital One Venture Card Rates & Fees
| Interest Rate (APR) | Rewards ($1) | Annual Fee | FTF(*) | Cash Advance Fee | Cash Advance APR | Balance Transfer Fee | Balance Transfer APR |
|---|---|---|---|---|---|---|---|
| 15.24%, 21.74% or 25.24% | 10x miles on hotels.com purchases.
2x miles on purchases for all categories. 50000 bonus when you spend $3000 in first three months. |
First year is waived.
$95 |
None | 3% | 25.24% | 3% | 15.24%, 21.74% or 25.24% |
FTF: Foreign Transaction Fee
Editor Scores
| Type of Card | Editor Score | Overall Score | Total Cards |
|---|---|---|---|
| General | 250 | 200 | 100 |
| Sign-Up Bonus | 275 | 199 | 44 |
| Miles | 290 | 189 | 64 |
| Travel | 276 | 196 | 8 |
| Hotels | 426 | 356 | 5 |
| No Foreign Transaction | 220 | 178 | 40 |
Similar Credit Cards
Ratings in Credit Card Center is based on consumer reviews. If you like or dislike this card please review it, this will affect rankings of the card and also let other consumers to know how it is good/bad…
Originally posted 2019-01-02 23:39:55.