topic Re: What do you love about your venture card? in Credit Cards

What do you love about your venture card?

Anonymous — Sat, 06 Aug 2016 21:22:33 GMT

just trying to get some insight on the venture card before I apply in december(yes I am thinking ahead of time)

So for those of you that have a venture or venture one card what do you enjoy most about the card? Why did you choose the card and what benefits do you enjoy??

Re: What do you love about your venture card?

Anonymous — Sat, 06 Aug 2016 21:42:37 GMT

Went on a app spree last summer in which I applied for the Venutre. I enjoyed the sign up bonus and got a 15k SL. At the time my highest starting line which I really felt paved the way for my future cards to get higher SL. To date I was able to get the card to 19k CL

The card rarely sees much use anymore but I do like the fact that capital one sends me balance transfer offers every month for the card at 0% for 18 months if I ever need it. I think eventually I may just roll over this limit to a quicksilver card I have and call it a day.

Good luck when you apply.

Re: What do you love about your venture card?

Anonymous — Sat, 06 Aug 2016 22:08:28 GMT

@Anonymous wrote:
Went on a app spree last summer in which I applied for the Venutre. I enjoyed the sign up bonus and got a 15k SL. At the time my highest starting line which I really felt paved the way for my future cards to get higher SL. To date I was able to get the card to 19k CL

The card rarely sees much use anymore but I do like the fact that capital one sends me balance transfer offers every month for the card at 0% for 18 months if I ever need it. I think eventually I may just roll over this limit to a quicksilver card I have and call it a day.

Good luck when you apply.

Have you ever used it to travel? if so what did you benefit from it when traveling?

Re: What do you love about your venture card?

noobody — Sat, 06 Aug 2016 22:40:05 GMT

Pro: high credit line. Can get multiple bonus.
Stable lender, not easily spooked

Con: not a real travel card. 3HP for application. 59AF. Not much on going benefits

Re: What do you love about your venture card?

Anonymous — Sat, 06 Aug 2016 22:51:07 GMT

@noobody wrote:
Pro: high credit line. Can get multiple bonus.
Stable lender, not easily spooked

Con: not a real travel card. 3HP for application. 59AF. Not much on going benefits

They advertise it as a travel card but I keep hearing that its not really that great with travel. Makes me very confused.

Re: What do you love about your venture card?

pipeguy — Sun, 07 Aug 2016 00:36:48 GMT

I closed it when I closed all of my Cap-1 cards, better cards out there and you don't have to deal with Cap-1.... but that's just me

Re: What do you love about your venture card?

SouthJamaica — Sun, 07 Aug 2016 01:26:00 GMT

@karladicent wrote:
just trying to get some insight on the venture card before I apply in december(yes I am thinking ahead of time)

So for those of you that have a venture or venture one card what do you enjoy most about the card? Why did you choose the card and what benefits do you enjoy??

1. Esthetically the nicest card I have

2. Large starting limit

3. Points can be used for infinite number of discount travel options

4. Points can also be used for cash at 1:1 rather than 2:1.

5. Keep getting good balance transfer offers, choice of interest-free or fee-free.

6. No foreign transaction fee.

7. Modest annual fee.

8. No hassle company which doesn't care what you do as long as you pay your bills on time.

9. Easy to combine with other Cap One accounts.

10. Free Vantage 3.0 updated weekly provided

Re: What do you love about your venture card?

Anonymous — Sun, 07 Aug 2016 02:01:48 GMT

Large starting line. They gave me 15k when my other card was under 1k, seriously. "Miles" post very quickly. You don't have to wait till after statement cuts. And most importantly, I feel like Cap1 is fairly chill. I'm not afraid to use the card for large purchases or let a larger balance report.

Re: What do you love about your venture card?

Open123 — Sun, 07 Aug 2016 02:01:58 GMT

2%, no ftf, 100K bonus and annual fee waiver (for the past several years, anyway).

Re: What do you love about your venture card?

Anonymous — Sun, 07 Aug 2016 02:04:43 GMT

The Venture card is a "Travel card" purely in the sense that you redeem your "miles" towards the cost of tickets, hotels, car rentals, etc...

The way it works is you purchase your airline ticket (or hotel), paying for it all up front with your card. After it posts to your account, you can then apply your miles to "redeem" the purchase.

This is how they can say that there are no black out dates - Because Capital One is not the agency arranging the flights, you are.

The 40,000 points sign up bonus is roughly $400 worth of redeemable travel expenses.

And as someone else alreaedy pointed out, you can redeem the miles for cash, but only for a 1:1 rate instead of the 2:1 rate. So the 40,000 points becomes $200 redeemable cash.

Re: What do you love about your venture card?

Closingracer99 — Sun, 07 Aug 2016 02:04:52 GMT

@Open123 wrote:
2%, no ftf, 100K bonus and annual fee waiver (for the past several years, anyway).

Honestly I would rather get the QS which is 1.5% and has no AF and no FTF....

Re: What do you love about your venture card?

Closingracer99 — Sun, 07 Aug 2016 02:06:57 GMT

@Anonymous wrote:
The Venture card is a "Travel card" purely in the sense that you redeem your "miles" towards the cost of tickets, hotels, car rentals, etc...

The way it works is you purchase your airline ticket (or hotel), paying for it all up front with your card. After it posts to your account, you can then apply your miles to "redeem" the purchase.

This is how they can say that there are no black out dates - Because Capital One is not the agency arranging the flights, you are.

The 40,000 points sign up bonus is roughly $400 worth of redeemable travel expenses.

And as someone else alreaedy pointed out, you can redeem the miles for cash, but only for a 1:1 rate instead of the 2:1 rate. So the 40,000 points becomes $200 redeemable cash.

I am really tired so the math could be wrong but if you have 40,000 points a 1:1 ratio wouldn't it be $400? a 2:1 ratio would be $600 dollars or something?

Re: What do you love about your venture card?

Open123 — Sun, 07 Aug 2016 02:06:48 GMT

@Closingracer99 wrote:
@Open123 wrote:
2%, no ftf, 100K bonus and annual fee waiver (for the past several years, anyway).
Honestly I would rather get the QS which is 1.5% and has no AF and no FTF....

Sure, but QS never had a 100K points match.

Re: What do you love about your venture card?

Anonymous — Sun, 07 Aug 2016 02:10:46 GMT

Yeah - I'm not sure if that's the right math either...

I think the correct way to say it would be .5% when redeeming for cashback and 1% when redeeming for travel expenses.

Re: What do you love about your venture card?

Anonymous — Sun, 07 Aug 2016 02:13:01 GMT

@Anonymous wrote:
The Venture card is a "Travel card" purely in the sense that you redeem your "miles" towards the cost of tickets, hotels, car rentals, etc...

The way it works is you purchase your airline ticket (or hotel), paying for it all up front with your card. After it posts to your account, you can then apply your miles to "redeem" the purchase.

This is how they can say that there are no black out dates - Because Capital One is not the agency arranging the flights, you are.

The 40,000 points sign up bonus is roughly $400 worth of redeemable travel expenses.

And as someone else alreaedy pointed out, you can redeem the miles for cash, but only for a 1:1 rate instead of the 2:1 rate. So the 40,000 points becomes $200 redeemable cash.

Thank you so much, This helped me understand a lot because honestly I have been a bit lost when it comes to this card... that was super helpful, thanks so much

Re: What do you love about your venture card?

Open123 — Sun, 07 Aug 2016 02:17:29 GMT

If you want cash equivalent, just make a $25 eligible charge and redeem multiple times until your points are exhausted. Never a reason to accept the 50% cash redemption penalty.

Re: What do you love about your venture card?

Anonymous — Sun, 07 Aug 2016 02:42:51 GMT

What I loved about this card was that it is my highest CL.... Cap1 gave me a $15k CL. I really enjoyed earning the 40k bonus points which I'm holding onto to use when they are needed. Other than than... there's nothing extremely exciting about this card. I've SD'd since I earned the bonus.

I've seen many OP state it's not really a travel card. I never understood this statement until I started to learn more about "real" travel cards by reading numerous posts on MF. Real travel cards have perks and benefits like lounge access, credits for travel fees, etc.

I also have the Venture One and I love this card bc of the bonus and the 0% APR.

Re: What do you love about your venture card?

Anonymous — Sun, 07 Aug 2016 03:40:44 GMT

@Open123 wrote:
2%, no ftf, 100K bonus and annual fee waiver (for the past several years, anyway).

If you can get this, sure. Otherwise, pointless card to pay $59 for after initial bonus.

Re: What do you love about your venture card?

Anonymous — Sun, 07 Aug 2016 12:17:44 GMT

You can also get gift cards to just about any online or physical retailer or restaurant chain for full value, so yea taking half value for the miles as cash is kind of silly.

I'll keep this card because the balance transfer options with it are excellent and I love dealing with Cap One. It's essentially a 2% cash back card so it's my "all other purchases" card outside of Gas/Travel/Dining on Costco and Chase/Discover 5% categories!

It's not the best card out there, but for me it's worth the AF. If I end up not wanting the balance transfer options someday, i'll close the account into my QS.

Comparable cards are the Citi DC, which I stay away from because of the low limits, not instant redemption, and Citi sucks. Also the Fidelity card, which again I have no interest in because it's not as simple as Capital One makes it!

If I was one the MyFico'ers who have spreadsheets and spend hours each week developing a maximum strategy for those extra few cents here and there, this card would not suit me. For me, I like the ease and simplicity of Capital One's best-in-class website and mobile app, instant rewards posting, and no-hassle strategy.

Re: What do you love about your venture card?

Open123 — Sun, 07 Aug 2016 12:25:42 GMT

@Anonymous wrote:
@Open123 wrote:
2%, no ftf, 100K bonus and annual fee waiver (for the past several years, anyway).
If you can get this, sure. Otherwise, pointless card to pay $59 for after initial bonus.

Of course, the moment they say no, then it's closed immediately. Since they're so willing to waive my fee for the past several years, I assume most fee waiver requests would be successful.

The Venture is the only card I know that has matched 100K on external rewards 2 times. Far as I'm concerned, one of the best CC deals I've ever gotten. Only thing better would have been the multi browser AA 100K bonuses Citi used to hand out.