Capital One Venture credit card: Is this a good deal?

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Ykcor
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Capital One Venture credit card: Is this a good deal?

Post by Ykcor »

100,000 bonus points ($1000) that requires spend $3K first 3 months and $20K first year. Wife will gladly help.

2 points for each dollar on all purchases

$95 annual fee

I would sign up keep year and drop, if approved.
dollarsansense
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Re: Capital One Venture credit card: Is this a good deal?

Post by dollarsansense »

Not particularly unless you are running out of card bonuses. Currently, CSP and CFF are the best plays.
Topic Author
Ykcor
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Re: Capital One Venture credit card: Is this a good deal?

Post by Ykcor »

dollarsansense wrote: Wed Sep 23, 2020 5:55 pm Not particularly unless you are running out of card bonuses. Currently, CSP and CFF are the best plays.
What does CSP and CFF stand for?
Trism
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Re: Capital One Venture credit card: Is this a good deal

Post by Trism »

We got the card for the SUB. There isn't much other reason to have it.

They recently added the ability to transfer points to airlines, but the transfer ratio is 2:1 or 2:1.5, which isn't competitive with Amex MRs or Chase URs.

So you're left with -- at best -- a 2% back card (if you redeem points in the right categories) with a $95 annual fee.

It's worth a churn, but it's no keeper.
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whodidntante
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Re: Capital One Venture credit card: Is this a good deal?

Post by whodidntante »

If you can get $1,000 in value, it's a great sign up bonus and I would do it, now. However, I can throw a rock and hit a better card for after the sign up bonus has been earned.

Capital One will not open accounts for you once get a good churn going. They are as restrictive as Chase, but without the clearly spelled out rules.
bob60014
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Re: Capital One Venture credit card: Is this a good deal?

Post by bob60014 »

A $1000 bonus for a $20k spend is horrible and the 2pt per purchase are ho hum.

From the Cap One site..."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."
cheesepep
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Re: Capital One Venture credit card: Is this a good deal?

Post by cheesepep »

That is worth $2,000 in travel expenses, so I would gladly do this. People don't know about Capitalone but if you spend $5 on Uber and as soon as the expense posts (1-2 days later), you can redeem it right then. Also, you can use the same $5 expense as many times as you want (400 times in this case). Totally worth it for me. This is in contrast to UR points where you can only use the expense once and once only.

My Capitalone membership fee is $59 because I've been a member for a number of years. I tried calling to Capitalone and get the membership fee waived and was declined (called the retention dept). Oh, well. Worth a shot.

edit: I didn't read about the $20,000 that you need to spend. I would get the lower tier bonus still in this case. Still worth $900 (500*2-$100 annual fee).
brad.clarkston
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Re: Capital One Venture credit card: Is this a good deal?

Post by brad.clarkston »

Ykcor wrote: Wed Sep 23, 2020 5:59 pm
dollarsansense wrote: Wed Sep 23, 2020 5:55 pm Not particularly unless you are running out of card bonuses. Currently, CSP and CFF are the best plays.
What does CSP and CFF stand for?
Chase Sapphire Preferred and Chase Freedom Flex.

I agree with dollarsansense.
JBTX
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Re: Capital One Venture credit card: Is this a good deal?

Post by JBTX »

$500 for the first $3000 is a good deal. Using the points on travel is pretty easy to do. Just put the travel on the card and apply the bonus against it. When I did it years ago it was an easy offset on a hotel bill.

An additional $500 for $17000 additional spend, not so much. That is about 3%, plus whatever base rewards. I suppose if you have exhausted all other easy credit card options (like I have) it could be worth it, but I doubt I'd bother.
JBTX
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Re: Capital One Venture credit card: Is this a good deal?

Post by JBTX »

cheesepep wrote: Wed Sep 23, 2020 6:51 pm That is worth $2,000 in travel expenses, so I would gladly do this. People don't know about Capitalone but if you spend $5 on Uber and as soon as the expense posts (1-2 days later), you can redeem it right then. Also, you can use the same $5 expense as many times as you want (400 times in this case). Totally worth it for me. This is in contrast to UR points where you can only use the expense once and once only.

My Capitalone membership fee is $59 because I've been a member for a number of years. I tried calling to Capitalone and get the membership fee waived and was declined (called the retention dept). Oh, well. Worth a shot.

edit: I didn't read about the $20,000 that you need to spend. I would get the lower tier bonus still in this case. Still worth $900 (500*2-$100 annual fee).
Not sure how you get $2000. The $1000 is $1000 in travel credits. Probably would be $500 straight up cash.

My wife was able to get her savor card annual fee waived year 2. Not sure if that will keep happening. Years ago I converted my venture to savor when it was no fee. Bad news is I missed out on the up front bonus given later. Good news is that they grandfathered in the no fee, but now I get 4% dining/entertainment as everybody else does, which works well for us given we eat out a lot.
student
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Re: Capital One Venture credit card: Is this a good deal?

Post by student »

dollarsansense wrote: Wed Sep 23, 2020 5:55 pm Not particularly unless you are running out of card bonuses. Currently, CSP and CFF are the best plays.
I agree with this assessment.
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ohboy!
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Re: Capital One Venture credit card: Is this a good deal?

Post by ohboy! »

Chase has the best signup bonuses. The Sapphire Preferred is good at 80k points right now. Chase rewards are arguably the best. Only $4k spend in 3 months.

This cap one deal is ok for the 50k points. The bigger spend to get the other 50k sucks. Cap one also slams credit inquiries if that concerns you. I’ve had 5 new cards this year so for me that’s obnoxious.
Topic Author
Ykcor
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Re: Capital One Venture credit card: Is this a good deal?

Post by Ykcor »

Welp! Moot point. Turned down by Cap One for the credit card, anyway. Guess I’ve churned too many cards over past 2-3 years. Will close my saving account with them as soon as I get the bonus bucks for adding an additional $50K to my account.
TechieTechie
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Re: Capital One Venture credit card: Is this a good deal?

Post by TechieTechie »

I'm part of Flyertalkers, a website devoted to frequent flyers. And there is a whole forum devoted to cards (and probably thousands of threads). They agree Chase Sapphire is one of the best. But you all should venture over there. Mind boggling how much folks will do to gather points.
Trism
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Re: Capital One Venture credit card: Is this a good deal?

Post by Trism »

bob60014 wrote: Wed Sep 23, 2020 6:45 pm A $1000 bonus for a $20k spend is horrible and the 2pt per purchase are ho hum.

From the Cap One site..."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."
If you spend $20,000 on the card at 2% back on travel, that's $400 in rewards just for the spending itself, plus the 100,000-point bonus, which is worth $1,000.

So that's $1,400 back on the first $20,000 in spending, or 7% back.

I wouldn't describe that as "horrible."
Trism
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Re: Capital One Venture credit card: Is this a good deal?

Post by Trism »

TechieTechie wrote: Sat Sep 26, 2020 6:10 am I'm part of Flyertalkers
Do you mean flyertalk?
bob60014
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Re: Capital One Venture credit card: Is this a good deal?

Post by bob60014 »

Trism wrote: Sat Sep 26, 2020 8:11 am
bob60014 wrote: Wed Sep 23, 2020 6:45 pm A $1000 bonus for a $20k spend is horrible and the 2pt per purchase are ho hum.

From the Cap One site..."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."
If you spend $20,000 on the card at 2% back on travel, that's $400 in rewards just for the spending itself, plus the 100,000-point bonus, which is worth $1,000.

So that's $1,400 back on the first $20,000 in spending, or 7% back.

I wouldn't describe that as "horrible."
Who's traveling? :)
Trism
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Re: Capital One Venture credit card: Is this a good deal?

Post by Trism »

bob60014 wrote: Sat Sep 26, 2020 10:24 am
Trism wrote: Sat Sep 26, 2020 8:11 am
bob60014 wrote: Wed Sep 23, 2020 6:45 pm A $1000 bonus for a $20k spend is horrible and the 2pt per purchase are ho hum.

From the Cap One site..."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."
If you spend $20,000 on the card at 2% back on travel, that's $400 in rewards just for the spending itself, plus the 100,000-point bonus, which is worth $1,000.

So that's $1,400 back on the first $20,000 in spending, or 7% back.

I wouldn't describe that as "horrible."
Who's traveling? :)
I am just shy of 50,000 miles in the air YTD.

So, for one, me. :D
softwaregeek
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Re: Capital One Venture credit card: Is this a good deal?

Post by softwaregeek »

It's harder to churn than it used to be.

I personally use Chase Sapphire Reserve and BofA Preferred Rewards (5.25% on online purchases, 3.5% at grocery and warehouse) as my go-to. I also have a couple of other Chase cards, one with rotating bonuses and one for United, since that was what I tended to fly in the 'before times'. Next up is BofA premium rewards card.
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