@Anonymous wrote:
@Anonymous wrote:
@Hex wrote:
I just noticed that the Cap1 Venture Card offered on the capital one site offers 50,000 bonus miles for $3K spend in the first 90 days with AF of $95. I was just pre-qualified and approved for 40,000 bonus miles with the same spending requirement and AF of $59. I didn't realized that there is more than one offer out there and wanted to share the info with everyone.
What justifies the annual fee increase? An extra $100 on the signup bonus which is limited to travel isn't worth it IMO.
They literally added $36 to the annual fee to give you... Nothing.
For $95 a year I can get the Citi TY Premier, Chase Sapphire Preferred, AMEX Blue Cash Preferred, or Everyday Preferred... All of which are way better than Capital One's offering and can transfer to partner programs. Capital One, instead of improving their weak, outdated offerings (1.5% QS, 2x $95 with no transfer partners Venture) they're making them worse.
The Amex Blue Cash Preferred and Everday Preffered give you membership points. I would take the 500 dollar travel reimbursement credit over 25k MR any day of the week. Also you would have to get both to get 50k in sign up bonuses. And Every day Preffered doesn't waive fee first year. But as you can get a 2 percent cash back card over this card with no annual fee I think it makes zero sense to keep this card past year one.
I'll take the 15,000 MR points plus 4.5x, 3x, 1.5x on all purchases rather than 2x fake miles per purchase.
I'd also rather have 6%, 3%, 3%, 1% over 2x fake miles any day.
@For those who want to keep a card for more than one year (most people) these two AMEX cards make more sense than the Venture @ $95/year.
The Citi TY Premier squashes this card with it's no first year AF, and esentially 3.75x, 2.50x, and 1.25x categories when redeeming travel through Citi's portal, or you can transfer them out at 3x, 2x, 1x and it's still likely a better deal with the 30,000 to 50,000 points sign up bonus.
The 50,000 miles I bet is a temporary sign up bonus that'll go back to 40,000 after the dust settles from everyone being angry about the AF hike. Raising the AF is going to do nothing for them other than encourage more chruning, make them experience more AF waiver requests, and that's about it... It doesn't make the card seem more desirable for the average card holder. My boss has had this card for years and he said he's dropping it when I told him about the AF hike, and I bet others who know credit cards will follow suit.
