Can somebody explain why Venture is better than airline cards?

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Can somebody explain why Venture is better than airline cards?

Postby ironpaul » Wed Feb 13, 2013 7:20 pm

The VentureOne card does not have annual fee, and gives 1.25 miles for every dollar spent. It is often ranked #1 among the credit cards with air rewards.

Can somebody explain to me why this is so obvious? Let's say I fly to Europe once a year, in the summer: $1300 roundtrip. To cover this cost, with Capital One Venture card I need 130,000 miles, which is equivalent to 130/1.25= $104,000 in purchases.

If I fly with US Airways, I can easily find a roundtrip ticket for 60,000 miles which, with the US Airways card, would be equivalent to $60,000 in purchases. In other words, I need to spend $44,000 more with Capital One to get the same ticket. What am I missing?

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Postby cashback » Thu Feb 14, 2013 6:03 pm

The card is terrible. Chase UR points are the most flexible.
Credit Cards
Amex BCE 25K ---- PenFed Platinum Rewards 15.5K --- US Bank Cash+ 12K --- Discover IT 6K --- Citi Dividend 5K --- Chase Freedom 12.5K --- Amex SPG 6K --- Citi Thank You Preferred 15K

Not Used
Citi Simplicity - 5K, Sam's Club Discover - 10K

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Sallie Mae World Mastercard

Exp 772 - TU 781 - Equ 781

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Postby ironpaul » Thu Feb 14, 2013 8:26 pm

I'm not interested in redeeming points for things other than plane tickets.

Also, I often fly with USAirways. What I am saying is that, if flying with USairways, a roundtrip to Europe costs 60,000 miles if USAirways miles are used (regardless of its actual cost in $), which is equivalent to 60,000=60,000$ since with that card 1$=1mile. Instead, in Capital1 miles, it costs the actual cost in $ times 100. In my example, 1300$x100=130,000 Capital1 miles, which is equivalent to 130,000/1.25=104,000$ in purchases.

Of course there may be other reasons that penalize the USairways card, such as blackout dates, poor customer service, annual fee, etc, but the cost difference I mentioned above seems quite significant to me.

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Postby swipe_masta » Wed Feb 20, 2013 4:08 pm

I don't know if this helps answer your question, but the card you're talking about is Venture One (gold color; no annual fee) whereas what you might be thinking of is the regular Venture (blue color; annual fee:$59) that has 2x per $ spent, so there is a significant difference. Also, all Capital One cards carry no foreign transaction fees, which saves you a chunk of change when traveling abroad! I know that you mentioned you don't redeem pts for anything else but plane tickets, but they do have a nice rewards system. So in the respect, it would be considered one of the best.

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