Venture card

[Stonemanmv]

Wow if you were denied then I don't have a chance

[jsucool76]

I really think that the cash rewards card is a better deal than the venture. $59 for .5% more rewards seems a little crazy, especially since they can only be used towards travel (at that redemption rate at least) 

[red259]

Its marketed more for travel than straight cash back. I plan on using my rewards on rental cars, hotels,etc. However, travel can even include cab rides and for those of us in cities even things like metrocards. Although I don't care for the annual fee and down the line when I get some other travel cards I will probably downgrade to a ventureone. 

[Anonymous]

Isn't the Venture One at 1.25% inferior to the Cash Rewards (1.5% after bonus)?

[Open123]

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@Anonymous wrote:

Isn't the Venture One at 1.25% inferior to the Cash Rewards (1.5% after bonus)?

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+1

What would be the rational to opt for the Venture One over the Cash Rewards, especially since it's *only* 1.25% if applied to travel?

[jsucool76]

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@Open123 wrote:

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@Anonymous wrote:

Isn't the Venture One at 1.25% inferior to the Cash Rewards (1.5% after bonus)?

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+1

What would be the rational to opt for the Venture One over the Cash Rewards, especially since it's *only* 1.25% if applied to travel?

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Instant gratification rather than waiting a year for your bonus. For some people, 0.25% is worth losing if you don't have to wait an entire year to get it. 

[CreditScholar]

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@Anonymous wrote:

I don't get the love for the Venture card.   It's one advantage that I see is no FTF.  Other than that it is 2% card where redemptions have to be used against travel charges (albeit interpreted liberally).  It's not really a travel card, it's a pseudo-cash-back card, which isn't necessarily bad, but it has an AF unlike Fidelity Amex (and the former priceline 2%) and restricts what you can redeem against.

So yes for FTF, but if you do a lot of foreign travel, a real miles earning card might be more useful, and if you don't, Fidelity Amex seems better.

Correct me if I am missing something about this card, which really does get great press!

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+1. It's not really a travel or mileage card, but instead just a disguised cash back card. The only thing that makes it travel-ish is no forex.

[Open123]

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@jsucool76 wrote:

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@Open123 wrote:

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@Anonymous wrote:

Isn't the Venture One at 1.25% inferior to the Cash Rewards (1.5% after bonus)?

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+1

What would be the rational to opt for the Venture One over the Cash Rewards, especially since it's *only* 1.25% if applied to travel?

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Instant gratification rather than waiting a year for your bonus. For some people, 0.25% is worth losing if you don't have to wait an entire year to get it. 

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Makes perfect sense!  

One hen in the cage is worth more than 2 eggs that will hatch a year later.

[Open123]

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@CreditScholar wrote:

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@Anonymous wrote:

I don't get the love for the Venture card.   It's one advantage that I see is no FTF.  Other than that it is 2% card where redemptions have to be used against travel charges (albeit interpreted liberally).  It's not really a travel card, it's a pseudo-cash-back card, which isn't necessarily bad, but it has an AF unlike Fidelity Amex (and the former priceline 2%) and restricts what you can redeem against.

So yes for FTF, but if you do a lot of foreign travel, a real miles earning card might be more useful, and if you don't, Fidelity Amex seems better.

Correct me if I am missing something about this card, which really does get great press!

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+1. It's not really a travel or mileage card, but instead just a disguised cash back card. The only thing that makes it travel-ish is no forex.

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This card keeps winning "travel card of the year" from several periodicals.  I can only assume this is because of the following:  (1) these sources received some kind of monetary benefit, either directly or indirectly; (2) appealing to the lowest common denominator assuming the "spatial" valuation of awards miles too dynamic a concept for people to understand; (3) or, they themselves are too obtuse to understand fully the valuation of miles.

Ever read a magazine article on a subject in which you're an expert?  This is like a finance professional reading Suze Orman, Dave Ramsey and financial advice from Dr. Phil.

PS - I'm hoping it's reason #1, since it's very difficult for me to accept these sources truly believe what their espousing when it comes to this card being the "best" travel card.

[Anonymous]

Yes, but since the press is SO positive, just wanted to make sure I wasn't missing something! ("And on your anniversary date we will give you $20M + 10% of your annual purchases")