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Capital One Venture Rewards Credit Card Rating:

 

Rewards Program (30 points)

  • Points, Miles, or Cash Back Rates (15 points):
    The Capital One Venture Rewards card offers 2x miles on every purchase. This is a solid earning rate for a travel rewards card, making it easy to accumulate miles across all spending categories.
    Score: 10 points (Moderate earning rates)

  • Redemption Flexibility (10 points):
    Venture miles can be redeemed for travel expenses, statement credits, and can also be transferred to over 15 travel partners, which provides excellent flexibility.
    Score: 10 points (Multiple redemption options)

  • Rewards Expiration and Transfer Options (5 points):
    Venture miles do not expire as long as the account is open and in good standing, and they can be transferred to various airline partners.
    Score: 5 points (Points or rewards never expire and can be transferred)

 

Total for Rewards Program: 25 points

 

Welcome Offer (20 points)

  • Value (15 points):
    The card typically offers a welcome offer of 75,000 miles after spending $4,000 in the first three months, which is worth about $750 towards travel.
    Score: 15 points (High-value welcome offer)

  • Ease of Earning (5 points):
    The spending threshold to earn the welcome offer is reasonable for a card of this caliber.
    Score: 5 points (Easily attainable)

 

Total for Welcome Offer: 20 points

 

Fees (10 points)

  • Annual Fee (6 points):
    The Capital One Venture Rewards card has a $95 annual fee, which is considered moderate but can be justified by the rewards and benefits offered.
    Score: 4 points (Low annual fee)

  • Foreign Transaction Fees (4 points):
    There are no foreign transaction fees, making it a good option for international travelers.
    Score: 4 points (No foreign transaction fees)

 

Total for Fees: 8 points

 

APR and Financing Options (15 points)

  • Introductory APR (5 points):
    There is no introductory APR offer for purchases or balance transfers.
    Score: 0 points (No introductory APR)

  • Standard APR (5 points):
    The standard APR for the card varies, typically around 20.99% to 28.24%, depending on creditworthiness, which is moderate to high.
    Score: 3 points (Moderate standard APR)

  • Balance Transfer Options (5 points):
    The card does charge a balance transfer fee (3%), so it doesn’t excel in this area.
    Score: 3 points (Standard balance transfer fee)

 

Total for APR and Financing Options: 6 points

 

Cardholder Benefits (15 points)

  • Travel Benefits (5 points):
    The card offers great travel benefits, including travel accident insurance, rental car insurance, and no foreign transaction fees. However, it does not include features like lounge access.
    Score: 4 points (Moderate benefits)

  • Purchase Protection and Insurance (5 points):
    It provides purchase protection and extended warranty coverage, but lacks some of the more comprehensive protections found in premium cards.
    Score: 3 points (Limited protection)

  • Other Perks (5 points):
    The card offers a Global Entry or TSA PreCheck fee credit, enhancing its travel appeal, along with access to exclusive offers.
    Score: 4 points (Some additional perks)

 

Total for Cardholder Benefits: 11 points

 

Subjective Prestige (10 points)

  • Perceived Status and Exclusivity (10 points):
    The Capital One Venture Rewards card is well-recognized in the travel rewards space and holds a good reputation. However, it’s not as exclusive as some premium cards.
    Score: 5 points (Moderately prestigious)

 

Total for Subjective Prestige: 5 points

 

Total Score Calculation:

  • Rewards Program: 25 points
  • Welcome Offer: 20 points
  • Fees: 8 points
  • APR and Financing Options: 6 points
  • Cardholder Benefits: 11 points
  • Subjective Prestige: 5 points

 

Total Score: 75 points

 

Recommendation Based on Score:

 

Recommended with reservations. The Capital One Venture Rewards credit card offers good value, particularly for those who prioritize earning travel rewards with flexibility. However, users should consider the card’s standard APR, lack of introductory offers, and moderate annual fee when determining if it fits their financial strategy. It is a solid choice for frequent travelers looking for a straightforward rewards program but may not suit everyone, especially those seeking extensive benefits or low-cost financing options.

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At Credit Mileage, we believe smart credit management is one of the key cornerstones for sound personal finance. Using credit from an educated point of view so that you don’t accumulate debt while swiping to maximize and best utilize the points and rewards programs that different credit cards offer is at the heart of what Credit Mileage aims to educate consumers about.

That’s why we offer a wide array of educational and editorial content and credit card reviews so that you can choose the best card to achieve your goals, depending on which type of points/rewards programs you like.

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