Compare Best Credit Cards Offers

Verdict: The Capital One Venture One Rewards card is beautiful in its simplicity. Get a zero % APR until April 2011, no annual fee, and 1.25 X miles per dollar on all purchases. This card for people with excellent credit is definitely worth looking into.

Overview: The little brother to Capital One’s new “luxury” travel rewards card, the Venture, the Venture One offers slightly fewer miles per purchase (1.25 miles for each dollar, rather than 2), but carries a slightly lower interest rate and no annual fee. As with the Venture card, you can redeem your points for travel (through any website or travel agency), merchandise, or a statement credit. You’ll have no foreign transaction fees when traveling abroad, and can choose your own card design online.

I have a Capital One card, and the company’s customer service by phone has always been stellar. You’ll enjoy great service and easy online bill pay with the Venture One rewards card.

How This Card Works: The Capital One Venture One card is a Signature Visa card, accepted anywhere Visa is accepted. Since Visa is commonly accepted worldwide and this card offers no foreign transaction fees, it’s a great card for international travel.

Capital One provides easy online bill paying and money management tools at its website. It’s easy to cash in your rewards online, or you can use your rewards for travel, booked through any travel website or travel agency, and then get reimbursed by phone or online through Capital One.

There’s a 25-day grace period on new purchases. There is no balance transfer fee, and you’ll get a 13.9 % variable APR on balance transfers, too. Cash advances carry a 3% fee and 24.9% APR. The default APR is 29.4 %.

Rewards: It’s easy. Earn 1.25 miles for every dollar you spend. To find out how much all those points are worth in real dollars, just drop the last two zeroes. So if you’ve earned 20,100 miles, you can get a $201 airline ticket by redeeming those miles.

You can cash in miles for:

• Travel-related purchases, including hotels, airline tickets and rental cars, purchased through any travel website or agency
• Merchandise
• Charitable donations
• A credit on your Capital One card statement

Benefits:
Like the Vantage Rewards card, the Vantage One is a Signature Visa card, entitling card holders to benefits similar to an American Express platinum card, including:

• Complimentary travel upgrades and special savings on hotels and more
• 24-hour concierge service
• Special access and preferred seating to special events
• Shopping discounts

You’ll also get these money- and time-saving benefits to provide peace of mind at home or when you travel.

• $0 Fraud Liability (if your card is lost or stolen or you are a victim of identity theft, you are not liable for charges to your Vantage One Visa Signature card)
• 24-hour travel and emergency assistance (including card replacement)
• 24-hour roadside assistance
• Extended warranty on purchases
• Travel accident insurance
• Rental car insurance

Pros

• Miles never expire
• Easy-to-use rewards system
• No blackout dates for travel
• No restrictions on travel
• No foreign transaction fees
• Complimentary concierge service, travel insurance and other benefits
• Can cash in miles for a statement credit
• No annual fee

Cons:

• Only 1.25 miles earned on each dollar — Discover and American Express travel rewards cards offer more
• No opportunities to earn bonus miles on purchases
• Only for people with excellent credit

Similar Posts:

• Factors to Consider to Secure a Low APR
• The True Performing Best Rewards Credit Card
• Best MasterCard Credit Cards
• Shell Credit Card
• The Many Forms of Reward Credit Cards
•