Verdict: For travelers with excellent credit, Capital One’s Venture card provides first class service with a much lower annual fee than the American Express Platinum card. With no foreign transaction fees, this card is also an excellent choice for frequent international travelers.
The Rewards system with Capital One Venture is easy-to-understand, and cardholders have multiple options to use rewards points, including redeeming them for a statement credit or donating the cash value to a favorite charity.
Like any Rewards card, you earn points for your purchases. There are no restrictions on what you purchase with your card to earn points. Every dollar spent earns at least 2 miles. You can redeem your miles for travel (through any website or travel agency), merchandise, or a statement credit.
There is a 25-day grace period for new purchases and a $59 annual fee, which is waived the first year. As with any Capital One card, you can choose a card design or upload a photo for your card and you can easily pay your bills online.
To find the dollar value of your accrued miles, drop the last two zeros. So if you’ve earned 10,900 miles, you can get a $109 hotel room by redeeming those miles.
You will earn 10,000 bonus miles to get you started when you spend $1,000 in the first three months.
You can use your miles on:
- Travel-related purchases, including hotels, airline tickets and rental cars, purchased through any travel website or agency
- Charitable donations
- A credit on your Capital One card statement
As a Visa Signature card, the Capital One Venture Rewards card provides tons of benefits. Some are pretty typical to any travel rewards card, such as:
- $0 Fraud Liability
- 24-hour travel and emergency assistance (including card replacement)
- 24-hour roadside assistance
- Extended warranty on purchases
- Travel accident insurance
- Rental car insurance
You’ll also get other convenient and money-saving benefits, including: complimentary travel upgrades and special savings, 24-hour concierge service to help you secure hard-to-get tickets to events, make restaurant reservations, and even select the perfect gifts for friends, family members and business associates. Other rewards include special access and preferred seating to events and shopping discounts.
This card has no annual fee in the first year and $59 thereafter. It also has no balance transfer or foreign transaction fees. For updated interest rates and fees check the issuers website before applying.
Capital One Venture Rewards Card vs American Express Gold Card
The American Express Gold card offers slightly better rewards in terms of events than the Capital One Venture Rewards card. They’ll help cover the cost of your ticket to an event if an emergency prevents you from going to it. Also, you’ll have access to thousands of events around the world prior to tickets being offered to the general public. Additionally, seats are reserved exclusively for American Express Gold card customers.
Despite it’s better event rewards, the American Express Gold card offers less in terms of points than the Capital One Venture Rewards card. There is no upfront bonus with this card, while Capital One offers 10,000 bonus miles . Also, customers will earn 1 point per dollar spent on most purchases as compared to the 2 miles per dollar spent with Capital One. While you can get up to 10 points per dollar spent through Earn Hub with American Express’s offer, you’ll get up to 15 miles per dollar spent when shopping through Capital One’s Perks Central retailer network.
The American Express Gold card has no annual fee in the first year and a $125 fee thereafter. It is a charge card, so there is no APR. The foreign transaction fee is 2.7 percent. With better rewards, a lower annual fee and no foreign transaction fees, the Capital One Venture Rewards card is a better bet than the American Express Gold card.
Capital One Venture Rewards Card vs American Express Platinum Card
The American Express Platinum card offers 25,000 bonus points after $1,000 is spent within the first 3 months. Capital One Venture Rewards offers 10,000 bonus points after $1000 in purchases within the first three months, but has a much lower annual fee. It is a charge card, so you won’t have to pay an APR with it. However, it has an annual fee of $450, meaning that you’ll shell out $450 more in the first year and $391 each year thereafter in that regard than you will with the Capital One Venture Rewards card.
With the American Express Platinum card, customers will earn 1 point per dollar spent on most purchases. Additionally, up to 10 points per dollar spent can be earned on purchases from over 300 brands through American Express’ website. These are both less than the offers of 2 points per dollar spent and up to 15 points per dollar spent that Capital One offers.
Other than points, the rewards that are offered by American Express are significantly better than those in Capital One’s offer. Platinum card holders may receive up to $450 in complimentary benefits with each stay at over 700 hotels. Travel consultants are also available with this card. If you travel internationally, you can expedite your arrival by using the Global Entry program, which allows travelers to bypass arrival lines at most major US airports – and American Express will credit the fee for your 5 year participation in this program. There are also benefits for traveling in limousines and private jets as well as many other travel benefits, so this card wins by a landslide in terms of travel.
Although it has a much higher annual fee, the travel rewards and the potential savings on interest fees that customers will get with the American Express Platinum card make it well worth it. This card is the clear winner over the Capital One Venture Rewards card. After all, just 1 hotel stay could more than offset the difference in annual fees among the 2 cards, as up to $450 in complementary benefits are available.
Capital One Venture Rewards Card vs Chase Sapphire Card
The Chase Sapphire card offers 25,000 bonus points after $3,000 is spent within the first 3 months. This is not quite as good as Capital One’s offer, as customers have to spend $1,000 instead of $3,000 with that card. It offers 2 points per dollar spent on dining and 1 point per dollar spent on everything else, making Capital One’s offer of 2 points per dollar spent on most purchases a better deal.
The fees are very similar between the Chase Sapphire card and the Capital One Venture Rewards card. However, a 3 percent foreign transaction fee is levied with Chase’s offer, while Capital One has no foreign transaction fee. That will be a big difference for customers who travel abroad frequently. With lower fees and better rewards, go with the Capital One Venture Rewards card if you are choosing between these two cards.