If a credit card rewards points or miles that can be used for free lodging, transportation, and other travel-related charges, then it may be a useful tool for saving money. According to a Harris Poll conducted in 2021, an estimated 28 percent of American respondents said they intend to utilize travel miles or points for scheduling their subsequent excursion. One of the available options for earning travel rewards is via Capital One Venture Rewards. This program is specifically geared toward vacationers who would rather earn miles on their expenditures than points or cash back on those transactions.

Understanding

It is a rewards platform exclusive to specific travel rewards credit cards issued by Capital One. Through participation in this program, travelers have the opportunity to earn miles on certain purchases. After that, those miles may be cashed in for reimbursement of travel costs. It is possible for the number of miles gained for each dollar spent to vary depending on the card that the user has. Currently, four personal credit cards offered by Capital One are eligible to earn miles with the Capital One Venture Rewards program.

Card from Capital One that offers Venture Rewards

It provides unrestricted access to a mileage bonus of two miles for every qualified dollar spent. Therefore, a traveler who uses their card to make purchases totaling $25,000 per year has the potential to earn 50,000 miles. In addition, new cardholders can receive an initial bonus of 60,000 bonus miles by completing the requirements for a minimum spending amount. This card comes with several useful travel perks, including the following:

• Credit toward the application fee for Global Entry or TSA PreCheck
• Travel accident insurance
• Help for travelers available around the clock

VentureOne Rewards Credit Card

It provides an infinite 1.25 miles for qualified dollar spent on transactions made with the card. With that in mind, a person who spends $25,000 yearly and uses this card might earn 31,250 miles annually. In addition, new cardholders that satisfy the specified minimum spending amount are also eligible for an initial bonus of 25,000 bonus miles. The following are some of the characteristics and benefits of using this card:

• Travel accident insurance
• Collision damage waiver for rental cars and other vehicles
• Protection against extended warranty obligations

VentureOne Rewards for Good Credit

Capital One offers a credit card known as the VentureOne Rewards for Excellent Credit to customers who have good credit but who, depending on their credit score, may not be eligible for credit cards. This card does not have an annual fee and offers an unlimited 1.25 miles per dollar earned. The standard card features and redemption choices are still available to you. However, there is no sign-up incentive, and cardholders who are approved for this card will not be able to take advantage of any promotional annual percentage rates on balance transfers or purchases.

How To Earn Miles

Making a transaction with a credit card qualified for Venture Rewards is all required to start collecting miles toward a free trip. Four different cards are available, and the primary distinctions between them are the number of miles gained for each dollar spent and the presence or absence of an annual fee. Let's say you have a Venture Rewards card, which allows you to earn double miles on any purchases at no additional cost.

According to the measurements taken by the Bureau of Labor Statistics, they are the yearly expenditures typical for a household. Let's imagine that in addition to this, your annual travel expenses total $10,000. The sum of all your annual expenditures amounts to 24,784 dollars. Based on this, assuming that you would be able to charge all those charges to your card, you would rack up a total of 49,568 miles over the year.

Earn More Venture Miles With Introductory Bonuses

Venture Rewards is one of the many travel rewards programs that provide qualified new cardholders with initial sign-up benefits as an incentive to join the program. This is a short glance at how the bonus for each card compares to one another. The Venture Rewards and Venture X Rewards cards come with the most generous sign-up incentives, but to qualify for one, you'll need to rack up a far higher spending total than you would with a VentureOne Rewards card. When determining whether or not the bonus is within reach for you, it is essential to consider how you typically spend money.