Description: The author mainly mentions the big changes and development about the Capital One Venture card, we may learn something about its benefits if we use it and the ways to activate the card.
If you are someone who doesn’t travel that often, it’s not going to give you as much value we covered in the capital 1 video, the idea is aggregating 1 cents per point only.
When you redeem it towards travel for the most parts, I think most people watching these videos are likely to redeem it towards travel, but I’ll create a separate video in the future, running through a bunch of different use cases and then comparing it to different cards given the changing landscape.
Another big consideration is that if you’re someone who has status at a big hotel chain, you might not want to use hotels, when I went to the Marriott in Calgary even though I booked through hotels, they still ended up giving me all of the benefits.
When I checked in, if you are someone who has status and you have to weigh it to see whether it makes sense especially if your status gives you something like lounge access.
The final thing to consider is that you can technically get a bigger benefit than 20% by using different methods, but those typically require a lot more work and you have to time a lot of things and stack a lot of different benefits a few weeks ago.
I did a video talking about how I’m getting effectively 30% off hotels, using hotels comm, discover a card in its first year as well as a target promotion.
It’s a lot easier to use one final benefit that I thought of, since this venture system for 20% is using a credit card, you’re going to get the benefits related to credit cards, but a lot of other methods that we talked about in the past, you are typically using gift cards, so you’re buying gift cards at a discounted rate, so you don’t have those protections.
We’ll talk about these benefits in a future deep-dive video, but I think it’s something to consider it was someone who has a venture one card and I definitely think it’s worth keeping, because first off, there’s no annual fee and second off because of this benefit.
I still think it might make sense for you to downgrade this card to that venture one card to avoid the annual fee, because the main difference is an extra 0.75 X points and that’s not that material with this.
As was most other things though your mileage is going to vary, so run the numbers and see what makes sense for you, if it was me, though I’d probably downgrade the venture card to the venture one card specifically for hotels.
There’s a bunch of different choices depending on what you’re looking to optimize towards, if I was someone who did not have either of these cards and was looking to get one of them, I’d get the venture card first, because it has a higher sign-up bonus.
You’re going to get 50,000 points instead of 20,000 points, 50,000 points is going to be worth five hundred dollars in travel and again the minimum spends three thousand dollars, making the return on spent 16.7%.
The venture card are getting twenty thousand points which is 20 or two hundred dollars and a minimum spends only one thousand, so you’re getting 20% return on spend.
Even though that’s higher, if you have the capacity to hit the three thousand dollars minimum spend in the first three months, you’re getting more absolute value.
The minimum spend is close enough to assume, venture cards, the annual fee is waived in the first year, you have to run the numbers to see whether you’re still getting positive expected value for that card.
If you are looking to apply for either of these cards, you want to support our channel, an easy way would be using the links on our site overall, I think this is amazing news. Capital One is viable to me, there’s going to be more competition from other issuers.
We’re going to talk about a huge upgrade to capital 1 cards specifically the venture card as well to venture one card, so this applies to hotel start tom where you’re effectively going to get 20% off hotels.
This new partnership was announced and it’s going to go until January 2020, the venture card is going to earn 10x miles back on hotels, in order to do this, you’re going to go through a specific URL, you get from the venture card, this means that when you use these cards to book at hotels, you’re effectively getting 12x back and 11.2 5x back.
The reason why I mentioned them so often is that they have this program where you effectively get 10% back after doing 10 stays, you’re going to get a free night, that’s equal to the average price of those tens days.