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Monday, 6 January 2020

Capital One Venture Rewards Credit Card Review - 50,000 Points Bonus, $500 Referral Program

Capital One Venture Rewards Credit Card Review


I love the concept of earning air miles every time I spend money on my credit card. If like me, you enjoy travelling using a air miles reward card you will love the Capital One Venture Rewards Credit Card. 

In this Capital One Venture Rewards Credit Card Review, I will be looking at all the bonuses and features of this exceptional rewards credit card, I will discuss the FICO requirements, as well as how to maximize the benefits from the Capital One Venture Rewards credit card and finish off with some FAQs. 





Capital One Venture Rewards Credit Card Features


OK, so I'm in love with this card. I love to travel all around the world and having the Capital One Venture Rewards Credit Card has taken me to some far flung and exotic destination. These places would have been beyond my affordability but was made possible by the air miles reward program.

The features of the Capital One Venture Rewards Credit Card are amazing. There is a annual fee of $95 applicable in the second year, but the rewards more than make up for this annoying fee.

Feature 1: Until the 31st of January 2020, you can earn 10X miles through Hotels.com. You can also transfer these points to partner airlines to maximize your air travel. This is one of the most lucrative air miles offer so be sure to take advantage.

Feature 2: Spend $3000 on purchases in the first 3 months of account opening and receive 50,000 miles! This represents a $500 in travel. You can also convert these points through Airline Partner Programs and convert 50,000 miles to $700!

Feature 3: For every dollar you spend you get 2X miles. There are no limitations to this and it is applicable on every purchase every day.

Feature 4: Another very useful feature of the Capital One Venture Rewards Credit Card is you can receive up to $100 application fee credit for every Global Entry of TSA Pre. No matter how many times you use this feature you will receive a $100 credit. You can also gift this feature to someone. 

Feature 5: The Capital One Venture Rewards Credit Card does not discriminate. You can use the points any time, there are no blackout dates, you can stay at any hotel or fly any airline. You can also transfer your air miles to over 12 leading loyalty programs.

Feature 6: The air miles generated by the Capital One Venture Rewards Credit card will never expire as long as you have your credit account open. I've lost many air miles previously, so this feature offers peace of mind. 


Capital One Venture Rewards Credit Card FICO Score


The Capital One Venture Rewards Credit Card has some incredible benefits. Even when you take into account the $95 annual fee in the 2nd year you're still quids in with all the air miles reward. 

This is a highly sought after card so you need to have a strategy when you apply for the Venture Rewards card to maximize the chances of getting approved.

FICO Score Insights: To be approved for the Capital One Venture Rewards Credit Card you will need a GOOD or EXCELLENT credit score. A FICO score of 700 or higher is required. 

You must also have a credit history between 3 to 5 years and there must be no missed payments or nasty fraud markers on your credit report. You should also wait at least 6 months since your last credit application as the Venture Rewards Credit Card is very sensitive to recent credit inquiries.

The Capital One Venture Rewards Credit Card can really change your life for the better. You can jet off on a new adventure as soon as you've collected enough air miles. Don't let this opportunity pass by by making a speculative application for this wonderful credit card.

Take it slow, check your credit report and your FICO score and make sure you are in the best place possible to get approved for the Capital One Venture Rewards credit card. Make sure your credit score is over 700, make sure you have at least 3 years of payment history and check to see your credit utilisation ratio is 30% or below.


Maximize Capital One Venture Rewards Credit Card


I like to make every penny I spend go further when it comes to collecting air miles reward. By spending some time looking at the small details you could boost your air miles by 20%. This means you can go 20% further when it comes to air travel which is worth the effort. 

Here are some crazy strategies being used by people over at Reddit to make their air miles go further.

Strategy 1: Always take advantage of the bonus offer. Spend $3000 in the first 3 months and get 50,000 air miles which represents $500 in travel. You can then transfer these points to partner airlines to boost it to 70,000 air miles or $700 in travel. 

Strategy 2: You can earn 10X air miles with Hotels.com. You need to rinse this special offer with your Capital One Venture Rewards Credit Card. This offer is only available until 31st January 2020, I'm keeping my fingers crossed that they will extend it because it is one of the most lucrative air miles offer ever.

Strategy 3: Make a list of all the Partner Airlines you can transfer your Capital One Venture Rewards air miles to. With some clever transfers you can boost your air miles by 20 to 50%. 

Strategy 4: Whenever anyone needs to apply for a Global Entry or TSA put it on the Capital One Venture Rewards Credit Card, you will receive a $100 credit. Offer this service to your travel companions and your $100 credits will soon add up.

Strategy 5: You should also take advantage of the Capital One Venture Rewards Credit Card referral program. You can refer up to 5 people a year and generate $100 per person if they are successfully approved. Play your cards right and you could easily generate $500!


Capital One Venture Rewards Credit Card FAQs


The Capital One Venture Rewards Credit Card is one of the best rewards credit card when it comes to air miles. You can simply travel further for every dollar you spend. by being clever and paying attention to details you can boost the air miles and go to far flung locations just for spending money on your credit cards.

The Capital One Venture Rewards Credit Card is highly sought after, this is the credit card I get asked the most about. I thought it would be useful to answer some of the most frequently asked questions about the Venture Rewards.

Q1: When does the Hotels.com 10X offer expire for Capital One Venture Rewards Credit Card?

The current Hotels.com 10X Air Miles offer will expire on the 31st of January 2020. Take advantage of this offer before then by making all your bookings for the year with the Capital One Venture Rewards Credit Card to earn 10 air miles for every dollar spent. 

Suppose you spend $2000 on hotel bookings in advance you will generate 20,000 air miles which equates to $200 in travel which can easily be boosted to $300 by transferring to airline partner programs.

Q2: Will the Hotels.com 10X Air miles bonus be extended for Capital One Venture Rewards Credit Card?

There is a lot of chatter around whether Hotels.com will extend their lucrative 10X Air Miles Bonus, so far Hotels.com have not made a statement to extend the offer however, a lot of credit card experts and insiders are saying it is possible as the offer has been incredibly successful. 

Q3: How many air mile points do you earn for every dollar you spend on the Capital One Venture Rewards Credit Card?

You earn 2X points (air miles) for every dollar your spend on your Capital One Venture Rewards Credit Card. There is an introductory bonus of 50,000 points when your first take out the card. This bonus can be boosted to 70,000 points by transferring points through Airline Partner Programs.

Q4: Is there an annual fee for the Capital One Venture Rewards Credit Card?

The fee for the first year is waived. From the second year you will pay a $95 yearly fee. Most credit card experts will tell you that the benefits collected using the Venture Rewards more than compensates for this annoying yearly fee.

Q5: Does Capital One Venture Rewards Credit Card have foreign transaction fees?

There are no Foreign Transaction fees when you spend the Venture Rewards Credit Card abroad.

Q6: What is the application credit for TSA and PRE when you use the Capital One Venture Rewards Credit Card?

You will receive an application credit of $100 every time your pay using the Venture Rewards Credit Card.

Q7: What are the VISA Signature Benefits when using the Capital One Venture Rewards Credit Card?

You will be eligible for the following Visa Signature Perks...

1. Travel Accident Insurance up to $250,000
2. Lost luggage reimbursement of up to $3000
3. Secondary Auto Rental Coverage
4. Extended Warranty Protection for 1 year when existing warranty is less than 3 years. Maximum $10,000 per claim, $50,000 per cardholder.
5. Purchase security in event of theft or damage within 90 days of purchase. $500 per claim, $50,000 per cardholder.

Q8: How can you redeem points/air miles on the Capital One Venture Rewards Credit Card?

You can redeem your Venture Rewards Air Miles using the Purchase Eraser Option which allows your to redeem the points for travel purchase. You can also transfer your points to airline partners which are listed below.

1. Aeromexico Club Premier
2. Air Canada Aeroplan
3. Air France-KLM Flying Blue
4. Alitalia MilleMiglia
5. Avianca LifeMiles
6. Cathay Pacific Asia Miles
7. Emirates Skywards
8. Etihad Guest
9. EVA Infinity Mileage Lands
10. Finnair Plus
11. Hainan Fortune Wings Club
12. JetBlue TrueBlue
13. Qantas Frequent Flyer
14. Qatar Airways Privilege Club
15. Singapore Airlines KrisFlyer

Q9: What credit score do you need for a Capital One Venture Card?

You will need a FICO credit score of 700+ and at least 3 years of credit history. Make sure you wait at least 6 months since your last credit application and go through your credit report to see if there is anything adverse or fraudulent.

Q10: How many miles do you need to get a free flight using the Capital One Venture Rewards Credit Card?

Suppose you travel using economy seats, you will pay 15,000 miles for a one-way ticket to nearby destinations. You will need 30,000 air miles to travel to Europe or Asia. For 1ST Class and Business Class you will need at least 60,000 bonus points.

Q11: Can you use the Capital One Venture Rewards Miles on any airlines?

You can redeem your air miles and points to partner programs and use Travel Eraser to pay for any travel purchase, however, Capital One Venture Miles can't be transferred to any airline or hotel programs.

Q12: What Airlines can you use the Capital One Venture Rewards on?

When you log into your Capital One Rewards Page you will see all the redeemable travel purchases. The purchases made for airline tickets, hotels, trains, car rentals, limo, bus, cruise, taxi, travel agents and even time shares are redeemable.

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