Why You Should Never a Capital One card

Why You Should Never a Capital One card - Get

Capital One Venture the card - that advertised "no problems" credit card on TV - save big street, right? Many people - including me - recommend this card, but it's actually the worst travel rewards credit card that you can use. I receive many emails about this card to ask, and I chastised recently two friends for them to gain as their primary credit card for points and miles.

Wait, you just said you recommend it. How can it be that be bad, then

Capital One gets a few things right: the simple rewards structure of their no-fee Venture card is ideal for people who do not spend a lot of money or who do t want to worry about points. They sell simplicity, and they do it well. I think if you are a Low Travel Low-expenditure person, this card might be worth your time (see comment below where I tell people not to move to another card).

But it's not even close even a mediocre Travel Hacking card to be rewarded. I think it's probably the worst card for a trip hackers.

And it's time I explain why so people will make the same mistakes made not to my friends!

While it is true that you can earn two points per dollar spent, not all points are equal. It is not how many points you earn, but how you can redeem the points.

Let me explain why Capital One the Venture card is not good for those who want to get the most for your travel hacking money and actually clear your flights and hotel rooms:

The card with a after three months in sign-up bonus 40,000-point is $ 3,000 USD. This is 46,000 points, worth $ 460 USD. I think the card is worth the sign-up bonus? - I'm going every day to take $ 460 USD, but what happens after

Let us say that you are in your second year and plan to spend at $ 100,000 USD you your card for 0,000 points, $ 2,000 USD worth. ( NOTE : .. I use $ 100,000 as it I is a nice easy round number most people do not know that much money to spend per year)

For as much can be much get more.

, for example, 100,000 American Airlines points issued when you earn one mile per dollar (no category bonuses assuming as in the airline booking) you can get a round-trip seat in Economy Class to Europe twice , a first-class ticket to Europe, or a business class ticket to Asia, which costs on JAL $ 6,00 USD:

In this scenario, your 100,000 AA miles are worth almost seven times the value of your capital One points! To redeem this same flight with Capital One, you would need to have 60,000 points, or spend $ 345,000 USD!

And here is another example. Suppose you want to Emirates First Class from Los Angeles flying to Dubai:

The ticket costs $ 25,000 USD! Or you could 0.000 Alaska Air redeem miles for the flight. But if you wanted to redeem Capital One points, you would need 2.5 million points!

"OK, but when I get an American Airlines, Starwood, or large card, I'm just getting a point per dollar. One Capital gives me two!"

This is true, but when you spend $ 50,000 USD to AA card, these 50,000 points can be redeemed of dollars for a one-way business class flight to Japan worth thousands! If you spend the same on Capital One, it's worth $ 1,000 USD. Capital One points have little value.

In addition, there are cards that give big bonuses category, such as multiple points for travel, shopping, food, gas and food, so it is not always one to one. One Capital is always the same :. 2 miles per dollar spent

In addition, many other credit cards come with perks that something worth of free checked baggage, priority boarding, lounge access, Internet in hotels, and much more. Capital One gives nothing. In addition, there are dozens of other cards that offer no foreign transaction fees.

The redemption value of Capital One makes it a terrible card for a trip hackers to obtain.

Capital One is essentially a 2% cash back card ($ 50,000 USD = 100,000 points = $ 1000 USD = 2% of the 50k USD $), but there are much better cards. The Citi Double Cash Card gives you 2% cash back no annual fee and rewards can be used for any purchase, not just travel. The American Express Blue Preferred You get 6% cash in supermarkets, namely 3% at gas stations and department stores and 1% everywhere else, so if are heavily used on food and shopping, you can earn more than 2% on average.

If you do not want to be down flexible point credit cards like the Chase Sapphire Preferred, Premier or Citi American Express Gold card attached, can be much more valuable than Capital One.

[1945001zueinerFluggesellschaftbieten], the Capital One card is good for low consumer spending, those who buy the absolute cheapest tickets, or as a way to wipe from non-airline or hotel fees on your monthly bill (although I like the Barclaycard arrival plus much better!). But if you look even remotely us to earn points and miles for free travel for first class flights or have benefits when you are traveling, this is not a card that you should ever get.

Note: applies to these posts on the Venture card, which comes with a $ 59 USD annual fee. The VentureOne has no annual fee, but earned only 1.25 miles per dollar spent, to make it worse! do not get in any case, that one!

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