Very Impressed with the Venture X

[Patient957]

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@pinkandgrey wrote:

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@ptatohed wrote:

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@pinkandgrey wrote:

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@ptatohed wrote:

What do you guys value a 'mile' to be, in cash equivalent?  

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It seems that - in general - about 125 miles equals one dollar? I guess that would be a value of about $0.80.

The app tells you what your redemption value options are, which is nice. Also, Amazon will show you what your miles can amount to if you redeem them at checkout. 

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TY! 

I'm assuming you mean .8c, not $.8 (80c)?  Please correct me if I am wrong?   Is that including all perks like lounges, Global Entry, etc?  

So, let's call the $395 annual fee a wash with the $300 credit and the 10,000 miles per year.  Then, you are left with a card that earns 2x = 2 x .8c = 1.6cpp.  Is that better than, say, a straight 3% card and use your 3% earned for travel?  

Please help me see the math.  

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Yeah, sorry; my wording was wrong there lol. I meant that 100 miles was roughly equal to 80 cents. For travel purposes, 100 miles would be equal to at least one whole dollar. 

A straight 3% card would be much better for non-travel purchases! 

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The Venture X is a travel rewards card.  Yes, for cash back a 3% catch all would be better than a  Venture X.  But that's not what travel rewards cards are for.  Travel rewards cards offer things you can't get with your 3% cash back card.  

If the OP is planning to redeem venture miles for less than 1 CPP, then VX may not be the best option.

Note: Edited post, as @bs1234 has helped me see the light.  

[Patient957]

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@Mervin wrote:

Will your tune change when the next annual fee rolls around? That’s the question.

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You clearly don't understand the value proposition here.  The card offers a $300 travel credit and 10K Venture miles annually, which more than covers the $395 annual fee.  I get at least $400 value there each year, usually more because Venture miles are so valuable to me.  So if my tune changes, it only improves every year when the AF hits.  

If one can't easily use the annual credit and miles, this card is not right for them.  Travel rewards cards like the VX are not appropriate for everyone.

[bs1234]

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@Patient957 wrote:

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@Mervin wrote:

Will your tune change when the next annual fee rolls around? That’s the question.

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You clearly don't understand the value proposition here.  The card offers a $300 travel credit and 10K Venture miles annually, which more than covers the $395 annual fee.  I get at least $400 value there each year, usually more because Venture miles are so valuable to me.  So if my tune changes, it only improves every year when the AF hits.  

If one can't easily use the annual credit and miles, this card is not right for them.  Travel rewards cards like the VX are not appropriate for everyone.

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To be fair, it does work both ways.   I think there are people who keep travel cards without doing the math and looking at alternatives.   If you can always get great partner redemptions, then you are going to come out ahead.   But if you rarely redeem, or only get low values, it MIGHT make sense to consider some cashback, especially for infrequent travelers.

Comments about annual credit and bonus covering the annual fee always make me nervous, e.g. my recent comment in the SoFi thread.

[Patient957]

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@bs1234 wrote:

To be fair, it does work both ways.   I think there are people who keep travel cards without doing the math and looking at alternatives.  

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For sure.  There are tons of people holding high-AF travel cards who would be far better off using the top cash back cards.  Of this there is no doubt.  A lot people just don't know better or don't care because they like prestige of that $895 Platinum.

So if the OP is really planning to redeem venture miles for less than 1 CPP, then my apologies to @ptatohed, as their line of questioning the value is entirely appropriate in that case.

[ElvisCaprice]

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@pinkandgrey wrote:

I got the Venture X just a couple months ago and I have to say that I'm loving it and I'm very impressed with many things. 

First off, the bonus miles for using Capital One Offers post very quickly. 

But the main thing is the SUB, which posted literally the same day I hit the spend threshold.

Not long after getting the 75,000 miles, I used the Capital One Travel site to book an international flight. I compared pricing to Priceline and it was all the same, so that was good to know. But it was so easy to redeem my miles and then pay the small remaining balance with the card. I had never used the C1 Travel portal before but it was seamless. I'm a fan! 

If y'all have one of the Venture cards, do you like it? Or is there another travel card you reach for more? 

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      Glad you finding value.  I just don't see it for myself even as a casual traveler.  Get far more value from an airline CC SUB for a churn and cash back credit cards with no FTF or AF.  I also get free Priority Pass lounge for 4 passes a year with my USB Cash + (carried over from a PC), which I never use.     

     For instance, AA offers 80,000 miles for 1k spend and no AF 1st year, a great churn.    Have solid choices of cash back, no AF, no FTF cards from 3% to 5.25%.  No need to use any portal other than AA for their miles.  Global entry, everybody is giving this away or it's lesser brother.

   For a churn, Venture X, maybe, if I already exhuasted better options.  Definitely never past the first year.

[ptatohed]

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@Patient957 wrote:

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@pinkandgrey wrote:

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@ptatohed wrote:

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@pinkandgrey wrote:

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@ptatohed wrote:

What do you guys value a 'mile' to be, in cash equivalent?  

---

It seems that - in general - about 125 miles equals one dollar? I guess that would be a value of about $0.80.

The app tells you what your redemption value options are, which is nice. Also, Amazon will show you what your miles can amount to if you redeem them at checkout. 

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TY! 

I'm assuming you mean .8c, not $.8 (80c)?  Please correct me if I am wrong?   Is that including all perks like lounges, Global Entry, etc?  

So, let's call the $395 annual fee a wash with the $300 credit and the 10,000 miles per year.  Then, you are left with a card that earns 2x = 2 x .8c = 1.6cpp.  Is that better than, say, a straight 3% card and use your 3% earned for travel?  

Please help me see the math.  

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Yeah, sorry; my wording was wrong there lol.n.   I meant that 100 miles was roughly equal to 80 cents. For travel purposes, 100 miles would be equal to at least one whole dollar. 

A straight 3% card would be much better for non-travel purchases! 

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The Venture X is a travel rewards card.  Yes, for cash back a 3% catch all would be better than a  Venture X.  But that's not what travel rewards cards are for.  Travel rewards cards offer things you can't get with your 3% cash back card.  

If the OP is planning to redeem venture miles for less than 1 CPP, then VX may not be the best option.

Note: Edited post, as @bs1234 has helped me see the light.  

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My question is a completely valid question.  It has nothing to do with whether the VX is a travel card or not.  I know it's a travel card.  If it was a cash back card, I wouldn't have had to ask what the value of a Mile is worth to the OP.  At the end of the day, travel or CB, it all comes down to value  in US currency (money saved or earned).  Period.  

I asked how much a Mile is worth in cash equivalency (after using the points to save money and/or using the points to obtain things that are worth money).  I'm still not sure I received an answer but I think I was told .8c per Mile?  But then corrected to 1.0c?  I'm still not clear.  

If a Mile is worth 1c in saved/earned value after all perks are calculated in, then this 2x card would still be subpar to earning 3% CB and drawing from that cash as you travel.  If a Mile is worth more than 3, 4, 5%+, great.  I'm just asking because I don't know.  

Again, I'm not asking how much a Mile is if redeemed for straight cash, I'm asking how much a Mile is worth to the user after all benefits are calculated in.  How much is a Mile worth to you @Patient957 ?   

I did do a quick online search and I am seeing redemption values for Venture Miles of 1.0 up to 1.7cpp.  Not sure if that is a fair range or not.  

[ElvisCaprice]

    The problem with finding an equivalent cash value is that it is a moving target.  These points, just as miles, are for a service that is constantly changing in price or points/miles and not necessarily in equivalence.  Then you throw in the need to use a certain portal and it becomes even more skewed to value.  

      Thus different parties depending upon their personal spend/flexability/travel needs/abilities, will find different value for each on those points/miles versus cash.    

     Everyone has to decide for themselves if these travel cards give value to their particular needs/abilities.  Unfortunately for the uninformed and the savy advertisements of the issuers,  difficulty of drawing true value and peer pressure,  most folks, unknowingly against their interest, become members of these CC's when Cash Back cards would serve them best, in my opinion.

[Patient957]

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@ptatohed wrote:

My  question is a completely valid question.  It has nothing to do with whether the VX is a travel card or not.  I know it's a travel card.  If it was a cash back card, I wouldn't have had to ask what the value of a Mile is worth to the OP.  At the end of the day, travel or CB, it all comes down to value  in US currency (money saved or earned).  Period.  

I asked how much a Mile is worth in cash equivalency (after using the points to save money and/or using the points to obtain things that are worth money).  I'm still not sure I received an answer but I think I was told .8c per Mile?  But then corrected to 1.0c?  I'm still not clear.  

If a Mile is worth 1c in saved/earned value after all perks are calculated in, then this 2x card would still be subpar to earning 3% CB and drawing from that cash as you travel.  If a Mile is worth more than 3, 4, 5%+, great.  I'm just asking because I don't know.  

Again, I'm not asking how much a Mile is if redeemed for straight cash, I'm asking how much a Mile is worth to the user after all benefits are calculated in.  How much is a Mile worth to you @Patient957 ?   

I did do a quick online search and I am seeing redemption values for Venture Miles of 1.0 up to 1.7cpp.  Not sure if that is a fair range or not.  

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I have a flight on Singapore Airlines booked this summer in business class to Asia for vacation.  I booked it through Air Canada using Venture miles and MR points.  The cash price of the flight if I buy it today is $4201 all in.  I transferred 87,500 points for this flight and paid $69 in taxes and fees.  

So the math goes:

(4201-69)/87,500 = 4.72 CPP

I earned the Venture miles at 2x, so that's 9.4% return on spend.

I'm returning home on EVA airlines with similar return on spend.

This is why people like these miles and points.

Some people get great value booking fancy hotels.  I save mine for business class international flights. 

[ptatohed]

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@Patient957 wrote:

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@ptatohed wrote:

My  question is a completely valid question.  It has nothing to do with whether the VX is a travel card or not.  I know it's a travel card.  If it was a cash back card, I wouldn't have had to ask what the value of a Mile is worth to the OP.  At the end of the day, travel or CB, it all comes down to value  in US currency (money saved or earned).  Period.  

I asked how much a Mile is worth in cash equivalency (after using the points to save money and/or using the points to obtain things that are worth money).  I'm still not sure I received an answer but I think I was told .8c per Mile?  But then corrected to 1.0c?  I'm still not clear.  

If a Mile is worth 1c in saved/earned value after all perks are calculated in, then this 2x card would still be subpar to earning 3% CB and drawing from that cash as you travel.  If a Mile is worth more than 3, 4, 5%+, great.  I'm just asking because I don't know.  

Again, I'm not asking how much a Mile is if redeemed for straight cash, I'm asking how much a Mile is worth to the user after all benefits are calculated in.  How much is a Mile worth to you @Patient957 ?   

I did do a quick online search and I am seeing redemption values for Venture Miles of 1.0 up to 1.7cpp.  Not sure if that is a fair range or not.  

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I have a flight on Singapore Airlines booked this summer in business class to Asia for vacation.  I booked it through Air Canada using Venture miles and MR points.  The cash price of the flight if I buy it today is $4201 all in.  I transferred 87,500 points for this flight and paid $69 in taxes and fees.  

So the math goes:

(4201-69)/87,500 = 4.72 CPP

I earned the Venture miles at 2x, so that's 9.4% return on spend.

I'm returning home on EVA airlines with similar return on spend.

This is why people like these miles and points.

Some people get great value booking fancy hotels.  I save mine for business class international flights. 

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This is exactly what I wanted to know, thank you.  And I suspect you could value that 9.4% as even higher if you add in the value (to you, if any) of lounges, Global Entry, etc.?   

[Patient957]

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@ptatohed wrote:

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@Patient957 wrote:

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@ptatohed wrote:

My  question is a completely valid question.  It has nothing to do with whether the VX is a travel card or not.  I know it's a travel card.  If it was a cash back card, I wouldn't have had to ask what the value of a Mile is worth to the OP.  At the end of the day, travel or CB, it all comes down to value  in US currency (money saved or earned).  Period.  

I asked how much a Mile is worth in cash equivalency (after using the points to save money and/or using the points to obtain things that are worth money).  I'm still not sure I received an answer but I think I was told .8c per Mile?  But then corrected to 1.0c?  I'm still not clear.  

If a Mile is worth 1c in saved/earned value after all perks are calculated in, then this 2x card would still be subpar to earning 3% CB and drawing from that cash as you travel.  If a Mile is worth more than 3, 4, 5%+, great.  I'm just asking because I don't know.  

Again, I'm not asking how much a Mile is if redeemed for straight cash, I'm asking how much a Mile is worth to the user after all benefits are calculated in.  How much is a Mile worth to you @Patient957 ?   

I did do a quick online search and I am seeing redemption values for Venture Miles of 1.0 up to 1.7cpp.  Not sure if that is a fair range or not.  

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I have a flight on Singapore Airlines booked this summer in business class to Asia for vacation.  I booked it through Air Canada using Venture miles and MR points.  The cash price of the flight if I buy it today is $4201 all in.  I transferred 87,500 points for this flight and paid $69 in taxes and fees.  

So the math goes:

(4201-69)/87,500 = 4.72 CPP

I earned the Venture miles at 2x, so that's 9.4% return on spend.

I'm returning home on EVA airlines with similar return on spend.

This is why people like these miles and points.

Some people get great value booking fancy hotels.  I save mine for business class international flights. 

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This is exactly what I wanted to know, thank you.  And I suspect you could value that 9.4% as even higher if you add in the value (to you, if any) of lounges, Global Entry, etc.?   

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I just consider that stuff as icing on the cake.  Keep in mind the $395 annual fee comes right back to me as a $300 annual travel credit and 10K venture miles.

Also worth noting that cash back and travel aren't mutually exclusive.  For various reasons I earned WAY more Amex MR last year than expected.  Therefore I'm pretty flush with points and am currently pivoting back to cash back.  I do have some okay cash back cards but will be looking to build a better cash back setup in 2026.