Disclosure: Basic Travel Couple, LLC has partnered with CardRatings for our coverage of credit card products. Basic Travel Couple, LLC and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
I’m sure you’ve all heard of the coveted Capital One® Venture® Rewards Credit Card. The card that gets you 2 miles per dollar on ALL purchases, and the famous ‘what’s in your wallet’ slogan. What we love about the Capital One Venture Card is that it is super easy to earn miles, AND you can redeem them on ANY hotel, airline, rental car or other forms of “Travel”! You essentially ‘erase’ any eligible travel purchases on your statement within the last 90 days with your miles! This is a great perk and there are no limitations to how many miles you can earn!
How it Works:
Earn bonus miles once you spend a certain amount in purchases within the first 3 months of your account opening. An example is that 50,000 miles are worth $500 in travel rewards, and the possibilities are endless as to what you can use to ‘erase’ fees for your travel purchases!
Another great perk is that Capital One® just teamed up with Hotels.com, which means instead of the typical 2 miles per dollar when you book a hotel, you will actually get 10 miles per dollar! This promotion lasts through 2020 and is a great way to rack up tons of travel points by booking your hotels on hotels.com through the link hotels.com/Venture. If you’ve ever booked through Hotels.com, then you also know for every 10 hotels you book, you get 1 free hotel night stay! This essentially goes from getting 10% on the Capital One® Venture® Rewards Credit Card, to getting 20% back with booking through Hotels.com and on your Capital One Venture card!
The hotels.com partnership and Capital One Venture Miles expired on January 31st, 2020.
Other great perks:
No foreign transaction fees!
When you are traveling overseas, you can now travel with ease of not being charged any annoying foreign transaction fees!
Travel Accident Insurance up to $250,000
Get automatic insurance for a covered loss at no extra charge when you use your credit card to purchase your fare.
Lost Luggage reimbursement up to $3,000
Secondary Auto Rental Coverage
Rent an eligible vehicle with your Venture card and you can be covered for damage due to collision or theft.
Up to $100 credit for Global Entry or TSA Pre✓®
When you use your Venture Card to get a fee rebate! Global Entry or TSA Pre✓® will help you breeze through airport security. I must say the TSA Pre✓® might be one of my favorite travel perks and saves us a LOT Of time each airport trip!
Extended Warranty Protection
Doubles the manufacturer’s warranty up to one extra year for warranties of three years or less. Maximum of $10,000 per claim and $50,000 per cardholder.
How to Redeem:
Redemptions are easily done through your Venture Rewards Online Account. Once you log in, eligible travel purchases made within the last 90 days are able to be ‘erased’ at a rate of 1 cent per mile. So if you have a $60 travel charge, 6,000 miles will credit your account the purchase price and ‘erase’ the travel purchase! This works for any Hotel, Airline, or even a rental car!
The miles you earn with your Venture card also do not expire for the life of the account, so as long as your card remains active, your points will also be useable! This means you can stack up your miles for a big purchase if you so choose! The only downside of this is that Venture Miles will always only be worth 1 cent per mile, whereas other cards may be worth more cents per point/mile. However, if you are looking for simple, easy to use and a lot of flexibility, then this is your card!
Some examples of how you can use these points:
1. Round trip flight to Jamaica for free after redeeming 45,590 Venture Miles:
2. If there are two of you, you can both open the card. Then you can go to London for 9 days for $206 for flights & hotels after using 100,000 Venture Miles to reimburse fees from Delta Flights and Hotels.com booking! (Plus earn $40 back for the 10x hotels.com rewards! )
3. Take a weekend trip with a friend to Iceland for FREE using Hotels.com Package & Flights! You will get 10x the points for booking this too, so you will actually get $50 back each!
4. Live in cold weather? Get out to a week vacation at an ALL INCLUSIVE! Including flights, it’s $1500 for 2 people. Using your Venture Miles, you can pay only $350 (after getting your 10x miles for booking through hotels.com and redeeming 2 50,000 mile bonuses! Check out these amazing deals on hotels.com!
We absolutely love the Capital One Venture Rewards Card for the simplicity of redeeming Venture Miles. You can learn more about this card below.
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Disclosure: Basic Travel Couple, LLC has partnered with CardRatings for our coverage of credit card products. Basic Travel Couple, LLC and CardRatings may receive a commission from card issuers.Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.