Capital One Venture: A Solid 2X Card for Simple Rewards With No BS
I get it. Not everyone spends their Friday nights taking epsom salt baths and pondering the workings of various points programs.
Lots of peeps directly asked about the Capital One Venture Rewards card: is it worth getting?
My answer’s always been: yeah, if you don’t want to deal with points programs.
The $500 sign-up bonus covers 5 years of the annual fee and is worth ~302,000 Chilean pesos (I drew that bull)
It has a $95 annual fee, though it’s waived the first year. But the ease of redemption and earning might be worth it if you like the Capital One ecosystem.
Capital One Venture Review
Link: Capital One Venture Rewards – Learn more
Link: Compare rewards cards
The sign-up bonus on the Capital One Venture Rewards is 50,000 Venture miles after spending $3,000 on purchases within 3 months from account opening, which is worth $500 toward travel. That’s a very decent sign-up bonus.
At its base, this card earns 2 “miles” per $1 spent which you redeem as credits for travel expenses. Each mile is worth 1 cent each. So if you spend $500, you’ll earn 1,000 Venture miles – which you can redeem for a $10 statement credit (2% back). And scale it up from there.
Do you spend too much shopping online? Don’t leave money on the table – get rewards toward your next trip
You need to spend $4,750 per year, or ~$396 per month, to cover the cost of the annual fee after the first year. If you use this as your go-to card, that’s fairly easy to accomplish.
Beyond that, you’re earning 2% cashback on every purchase. I firmly believe everyone should have a cashback card in your arsenal. Although I’ve been focusing on Starwood points lately.
Even still, I’m jamming on my Fidelity Visa thanks to a recent promotion (it’s also a 2% cashback card):
I do love my Fidelity Visa
Although the limitation is you can only deposit rewards into a qualifying Fidelity account. With the Capital One Venture, you won’t have those restrictions, which can be a deal-maker.
In fact, I would consider getting the Capital One Venture card if they’d have me. I recently applied for a Spark Miles business card (basically the same setup except for small businesses – learn more here) but they told me to hit the bricks because I have too many recent cards (my eternal dilemma 
