Venture vs Quicksilver

[Drew]

Hello All -

Which of these two cards do you think offers the better rewards for everyday purchases?

[Stralem]

The Venture probably isn't of much use if you aren't doing a lot of traveling.

[CreditJim]

The only point I'd make is that you can redeem your Venture 'miles' for gift cards too. So if they offer gift cards in any places that you shop in anyway, it's effectively 2% cashback - that's what I used my 'miles' for.

[Drew]

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@CreditJim wrote:

The only point I'd make is that you can redeem your Venture 'miles' for gift cards too. So if they offer gift cards in any places that you shop in anyway, it's effectively 2% cashback - that's what I used my 'miles' for.

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That makes sense, however, I thought you could also redeem miles for cash.  Was I wrong in that assumption?

[CreditJim]

You can, but not at a good rate. I'm not certain but I think you only get half by redeeming for cash, so it becomes a 1% cashback card, worse than the Quicksilver. The good thing with redeeming for gift cards is they occasionally run specials, where it's less miles for the same dollar amount gift card, so you're then getting even better than 2% back. Of course, only useful if there's somewhere you'd shop anyway. I recently redeemed 90k miles for $900 Lowe's cards when I knew I needed to make a large purchase there.

[Open123]

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@CreditJim wrote:

The only point I'd make is that you can redeem your Venture 'miles' for gift cards too. So if they offer gift cards in any places that you shop in anyway, it's effectively 2% cashback - that's what I used my 'miles' for.

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+1

If travel related expenses aren't available for redemption, GCs are the next best option.  Under no circumstances should one redeem for cash at 0.50 cents per point.  Also, one can purchase hotel GCs, and sell them.  The end result would be a coversion of approximately 1.85% cash equivalents.

However, if cash is the preferred method of redemption, the Quicksilver is better, in my estimation.

[Stralem]

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@CreditJim wrote:

You can, but not at a good rate. I'm not certain but I think you only get half by redeeming for cash, so it becomes a 1% cashback card, worse than the Quicksilver. The good thing with redeeming for gift cards is they occasionally run specials, where it's less miles for the same dollar amount gift card, so you're then getting even better than 2% back. Of course, only useful if there's somewhere you'd shop anyway. I recently redeemed 90k miles for $900 Lowe's cards when I knew I needed to make a large purchase there.

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Interesting.

I finally got Cap One to change my Journey into a Quicksilver after like five months of trying. Do you think it would be worth it to PC to a Venture, or even a Venture One?

[longtimelurker]

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@Stralem wrote:

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@CreditJim wrote:

You can, but not at a good rate. I'm not certain but I think you only get half by redeeming for cash, so it becomes a 1% cashback card, worse than the Quicksilver. The good thing with redeeming for gift cards is they occasionally run specials, where it's less miles for the same dollar amount gift card, so you're then getting even better than 2% back. Of course, only useful if there's somewhere you'd shop anyway. I recently redeemed 90k miles for $900 Lowe's cards when I knew I needed to make a large purchase there.

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Interesting.

I finally got Cap One to change my Journey into a Quicksilver after like five months of trying. Do you think it would be worth it to PC to a Venture, or even a Venture One?

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There is NO point in changing a QS into a Venture One!   Venture One has a lower redemption rate than QS and less convenient redemption.

Exception is if the QS has an AF (Quicksilver One?) but then I would work on getting the AF dropped rather than convert.

Venture has an AF, and by PCing you lose the sign up bonus, but see if your spend is enough.

[CreditJim]

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@Stralem wrote:

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@CreditJim wrote:

You can, but not at a good rate. I'm not certain but I think you only get half by redeeming for cash, so it becomes a 1% cashback card, worse than the Quicksilver. The good thing with redeeming for gift cards is they occasionally run specials, where it's less miles for the same dollar amount gift card, so you're then getting even better than 2% back. Of course, only useful if there's somewhere you'd shop anyway. I recently redeemed 90k miles for $900 Lowe's cards when I knew I needed to make a large purchase there.

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Interesting.

I finally got Cap One to change my Journey into a Quicksilver after like five months of trying. Do you think it would be worth it to PC to a Venture, or even a Venture One?

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There is absolutely no point in PC'ing to the Venture One from a Quicksilver as it's the worst rewards rate of the bunch at only 1.25%. The extra 0.5% you'd gain by PC'ing to the Venture would only be worth it if you spend enough on the card to justify the AF AND there's giftcard options you like IMHO.

Edit to add - Or of course, it could be worth it if you do actually travel and have costs that could be erased using the Venture 'miles'.

[Stralem]

Thanks guys. I honestly have no desire for a Venture of any variety, nor do I travel (that changes next year, though). Just never considered the gift card angle.