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Why people like the Capital One Venture Card
The Capital One Venture Rewards Credit Card is popular because it has a simple and generous rewards structure. The card has a $95 annual fee that’s waived for the first year, and offers a welcome bonus of 50,000 miles after spending $3,000 within the first three months.
The card offers double miles on all spend, and each mile can be redeemed for one cent towards the cost of a travel purchase (either directly, or in the form of a statement credit). This means that the card offers the equivalent of a 2% return that can be redeemed towards travel purchases, and a welcome bonus that will get you $500 worth of travel. That’s a pretty well rounded card.
Capital One Venture Card now offers Global Entry/TSA Pre-Check credit
Lately we’ve seen some premium travel rewards cards make some cuts, though Capital One is going the opposite direction.
As of tomorrow, June 12, 2018, the Capital One® Venture® Rewards Credit Card will offer a Global Entry or TSA Pre-Check credit once every four years. Just charge the $85-100 membership fee to your Capital One Venture Card, and it will automatically be reimbursed. It doesn’t matter who the fee is being paid for, as long as you charge it to your eligible card.
Admittedly this is a benefit offered on many premium credit cards, though it’s a nice addition nonetheless.
Why you should register for Global Entry over TSA Pre-Check
If you are going to take advantage of this perk, I’d highly recommend registering for Global Entry over TSA Pre-Check. For those of you not familiar, TSA Pre-Check gets you expedited US security screening, while Global Entry gets you expedited US immigration clearance.
So why should you register for Global Entry and not Pre-Check? Because Global Entry also comes with TSA Pre-Check, while the inverse isn’t true (signing up for TSA Pre-Check doesn’t get you Global Entry).
It’s great to see the Capital One continue to add benefits to the Venture Rewards Card, while other issuers are largely cutting back. For many of us this benefit will be redundant, as I have more of these credits than I know what to do with. At the same time, it’s always nice to see benefits added to a card.
This is the second major benefit added to this card in 2018. Earlier this year the card started awarding 10x miles for hotels.com spend, when making your booking through hotels.com/venture.
The Venture Card continues to be a well rounded option for anyone who values cashback towards travel. The card has a big welcome bonus, a solid return on spend, and good perks.