Last Updated: 10/4/20 | October 4th, 2020
They say you can’t teach an old dog new tricks.
I don’t have a dog, so I don’t know if that’s true.
But I do know that an old travel writer can change his mind.
Years ago, I wrote about why I hated the Capital One Venture Card.
While it had a simple points structure and no overseas fees, it wasn’t really good for travel hacking because you couldn’t transfer points anywhere and it didn’t have a great catagory spend bonus structure. You simply got two points per dollar spent, which you could be used as a statement credit – and that was it.
If you spent $100,000 USD on your card, you got 200,000 points, worth $2,000 USD.
With that many points, I can redeem for tons of flights worth way more than $2,000 USD if used them directly with airlines (and, unlike with Chase and American Express, I couldn’t transfer the points to do that).
Moreover, many other travel credit cards came with perks that also had some value too, like free checked bags, priority boarding, lounge access, or internet at hotels (just to name a few). Capital One gave you nothing.
Capital One was essentially a 2% cash-back card ($50,000 USD = 100,000 points = $1,000 USD = 2% of $50K).
With so many other no-fee cards with better ways to earn points, why would I want that one?
I was not a fan of the card.
The redemption value of Capital One made it a horrible card for a travel hacker.
But, over the years, Capital One has improved the card’s features to the point where now, even I must admit, this card is actually quite good.
First, you get a $100 Global Entry/TSA Precheck credit, which means that if you use the card to apply for the service, they will cover the cost of signing up. Tons of cards have this feature, but the fact this one has it too is a nice addition.
Second (and what really won me over, they added 13 airline transfer partners:
- Aeromexico Club Premier
- Air Canada Aeroplan
- Air France/KLM Flying Blue
- Alitalia MilleMiglia
- Avianca LifeMiles
- Cathay Pacific Asia Miles
- Emirates Skywards
- Etihad Airways Guest
- EVA Air Infinity MileageLands
- Finnair Plus
- JetBlue TrueBlue
- Qantas Frequent Flyer
- Singapore Airlines Krisflyer
Sure, many of those are terrible partners, but Aeroplan, Flying Blue, Krisflyer, and LifeMiles are great programs.
The ability to transfer your Capital One points to them makes this card a no-brainer now.
Sure, the earnings structure hasn’t changed. You’re still only getting two points per dollar spent, which is still only 2% cashback when used as a statement credit, but now that you can transfer the points, those points become a lot more valuable.
With a current 100,000-point welcome offer, a yearly fee of $95, 2x points on all spending, and these new transfer partners, the card is a super good deal right now.
In travel, the one thing you can always count is that everything is constantly changing. Good becomes bad and bad can become great (or worse). You never know what’s next in such a changing and competitive industry.
This is one instance when we can say something bad became something great.
Therefore, I rescind my old review.
Capital One’s Venture Card doesn’t suck.
It’s pretty great.
And it’s worth getting if you’re looking for a new card.
Here’s a (non-affiliate) link to help you sign up for this awesome card!
If you want to apply via an affiliate link, you can click on this one. (We get a small commission if you’re approved. I included a non-affiliate link in here to show that I really do like the card and it’s not just about the commission!)
Book Your Trip: Logistical Tips and Tricks
Book Your Flight
Find a cheap flight by using Skyscanner or Momondo. They are my two favorite search engines because they search websites and airlines around the globe so you always know no stone is left unturned.
Book Your Accommodation
You can book your hostel with Hostelworld. If you want to stay somewhere other than a hostel, use Booking.com as they consistently return the cheapest rates for guesthouses and cheap hotels.
Don’t Forget Travel Insurance
Travel insurance will protect you against illness, injury, theft, and cancellations. It’s comprehensive protection in case anything goes wrong. I never go on a trip without it as I’ve had to use it many times in the past. I’ve been using World Nomads for ten years. My favorite companies that offer the best service and value are:
- World Nomads (for everyone below 70)
- Insure My Trip (for those over 70)
- Medjet (for additional repatriation coverage)
Ready to Book Your Trip?
Check out my resource page for the best companies to use when you travel. I list all the ones I use when I travel. They are the best in class and you can’t go wrong using them on your trip.