One of the first things I learned as I became interested in rewards credit cards was the value of having an everyday spending card that earns more than just 1 point, 1 mile or 1% cash back per dollar spent on all purchases.
Many credit cards offer higher earning rates on popular spending categories such as gas, travel, dining and groceries. However, I end up having a decent amount of spending that doesn’t fall into standard bonus categories.
You can redeem Capital One miles for 1 cent each toward travel, which would give you a 2% return on your purchases. But TPG’s valuations expect you can get 1.85 cents per mile (giving you a 3.7% return on your purchases) when you redeem your miles with high-value Capital One transfer partners.
If you are currently earning 1 point or mile per dollar spent on some purchases — and you aren’t currently working toward earning a welcome bonus or reaching a spending threshold on that card — it’s worth considering whether to add the Venture or Venture X to your wallet. Both cards currently have a welcome offer of 75,000 bonus miles after you spend $4,000 on purchases in the first three months from account opening, but the Venture Rewards is also offering a $250 Capital One Travel credit in the first cardholder year — making that offer worth up to $1,000.
To learn more about these cards, check out the following stories:
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