Why the Capital One Venture card is perfect for weddings and honeymoons
This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.
Editor’s note: This post has been updated with new information.
When two of my college friends were getting married, they lamented that their wedding expenses were a lot to handle — even before considering their honeymoon expenses. I asked what card they were using for these expenses, and was saddened to learn they were mostly using checks and a card that earned no rewards. TPG readers know that’s just leaving money on the table.
TPG has plenty of useful resources for maximizing points and miles when planning your wedding and honeymoon. But if you want a straightforward card that doesn’t have complicated bonus categories — or you simply want to book your honeymoon travel using rewards from your wedding spending, but know that most of the charges won’t post until close to your wedding day — the Capital One Venture Rewards Credit Card may be the right choice for you.
Capital One Venture Card overview
Sign-up bonus: Earn 100,000 bonus miles when you spend $20,000 on purchases in the first 12 months from account opening, or still earn 50,000 miles if you spend $3,000 on purchases in the first 3 months.
Earning rate: 2x miles per dollar spent on everything
Annual fee: $95
TPG CEO and founder Brian Kelly recently surprised many staffers and readers when he said if he had to choose just one card to have in his wallet, the Capital One Venture would be it. In explaining his decision, he said:
It allows me to earn rewards on any and every purchase, and the redemption process is super simple. I use my Venture miles to wipe out travel purchases such as Blade rides or hotel suites so that I’m paying zero dollars out of pocket.
Indeed, earning 2x miles per dollar spent on every purchase is appealing. And, as we’ll discuss later in this guide, the Capital One Venture Card offers various redemption options including the ability to redeem miles for travel and transfer miles to airline and hotel partners.
Cardholders also have access to a Global Entry or TSA PreCheck application fee credit (up to $100) every four years. You won’t pay any foreign transaction fees and can add your soon-to-be-spouse as an authorized user without any additional fees. And, you’ll have access to benefits such as extended warranty protection, auto rental collision damage waiver and travel accident insurance when you use your card.
Earning miles on wedding expenses
Once you open your Capital One Venture Rewards Credit Card, the clock starts ticking to earn the up to 100,000-mile sign-up bonus. To earn the bonus, you’ll need to spend $20,000 on purchases within the first 12 months from account opening. Or still earn 50,000 bonus miles after you spend $3,000 on purchases in the first three months. If you’re planning a wedding and honeymoon, this may be a relatively easy task — but be sure to track your spending to ensure you reach the minimum spending goal on time.
Since the Capital One Venture Card earns 2x miles on all purchases, you can use it without worrying about how each purchase will code. If you are hosting your wedding or reception at a restaurant or hotel — and know the changes will post as dining or lodging — you may want to use a card for those expenses that earns more rewards for those specific categories. But, if you’re going for straightforward, no-stress earning, then you may just want to put everything on your Capital One Venture card.
Redeeming miles for your honeymoon
You likely want to plan and book your honeymoon well before your wedding day arrives. But, if you’re looking to pay for your trip with credit card rewards earned on wedding expenses, you may have a problem. This is because you aren’t given credit card rewards until after purchases post, and many wedding purchases won’t post until long after you’ll likely want to book your honeymoon.
You could delay your honeymoon, book a last-minute honeymoon trip, pay for the trip outright or use rewards you’ve accumulated through other spending, flights or stays. But a better option for many couples — especially those that are new to points, miles and credit cards — lies with the Capital One Venture Card.
This is because you can redeem miles earned by the Capital One Venture Card for 1 cent each to offset travel expenses that posted on the card within the last 90 days. This means you can make honeymoon arrangements on your card, accrue miles on wedding expenses with your card and then use those miles to offset your honeymoon expenses that posted to the card within the last 90 days.
There are other options for redeeming your Capital One miles though, and some can provide greater value. For example, you can also transfer your Capital One miles to select airline and hotel partners, and then redeem for flights or stays through these programs. Based on the value you can get redeeming in these partner programs, TPG’s latest valuations peg the value of Capital One miles at 1.4 cents each.
This means you may not be maximizing your Capital One miles if you use them for 1 cent each to offset recent travel expenses. Other cards also may provide a greater return on dining, hotels and non-bonus purchases. But if you’re just looking for a way to offset honeymoon expenses using rewards earned while paying for your wedding, the Capital One Venture Rewards Credit Card is one of the best ways to do so.
- Maximizing points and miles when planning your wedding and honeymoon
- TPG beginner’s guide to planning a honeymoon of a lifetime
- How to plan your luxury honeymoon on miles and points
- Why the Capital One Venture Rewards Card now has a front spot in our wallets
- Starter card showdown: Chase Sapphire Preferred vs. Capital One Venture
- Things to consider when choosing a credit card for large purchases
- The best cash-back credit cards
- A 7-step guide to planning a perfect destination wedding
- Two-player mode: Credit card strategies for couples
- How to have a splurge-worthy Maldives honeymoon on a budget
- Financially-feasible Fiji: How to plan a trip to Fiji without breaking the bank
Additional reporting by Benét J. Wilson
Featured photo by Alexi Rosenfeld/Getty Images
Welcome to The Points Guy!
WELCOME OFFER: 80,000 Points
TPG'S BONUS VALUATION*: $1,650
CARD HIGHLIGHTS: 2X points on all travel and dining, points transferrable to over a dozen travel partners
*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.
- Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 when you redeem through Chase Ultimate Rewards®. Plus earn up to $50 in statement credits towards grocery store purchases within your first year of account opening.
- Earn 2X points on dining including eligible delivery services, takeout and dining out and travel. Plus, earn 1 point per dollar spent on all other purchases.
- Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 80,000 points are worth $1,000 toward travel.
- With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
- Get unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one year with DashPass, DoorDash's subscription service. Activate by 12/31/21.
- Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
- Get up to $60 back on an eligible Peloton Digital or All-Access Membership through 12/31/2021, and get full access to their workout library through the Peloton app, including cardio, running, strength, yoga, and more. Take classes using a phone, tablet, or TV. No fitness equipment is required.