2 Capital One cashback cards: Business 2%, Personal 1.5% [Card names change]
Nov 18, 2011, 12:40 pm
#63
Join Date: Oct 2007
Location: L.A.
Programs: WN A-list & CP, Delta GM
Posts: 448
But you only need to redeem 10K miles to cover a portion of your travel expense. According to FAQ:
Also there is a small advantage of keeping the cash in your pocket: you lose the 2% cash back on your redemption. Say if you redeem 10K miles for $100 travel expense, you won't get the cash back on this $100.
* Can I redeem a portion of my No Hassle Rewards and keep adding to the remaining balance?
# Yes, you can redeem any or all of your available rewards whenever you'd like, provided your account is open and in good standing.
# Yes, you can redeem any or all of your available rewards whenever you'd like, provided your account is open and in good standing.
Nov 18, 2011, 12:43 pm
#64
Join Date: Aug 2004
Location: YYZ
Programs: AA LT Plat, AC 25K, Marriott Plat, Hilton Diamond
Posts: 1,137
EDIT: Just went through my Personal Venture card. You can only redeem for the entire travel charge (with the exception of airfare I believe, but I don't have any such transaction to test). And you still earn the 2 miles on the travel purchase that you redeem miles for.
Last edited by nabeelj; Nov 18, 2011 at 12:48 pm
Nov 20, 2011, 1:29 pm
#66
Join Date: Aug 2010
Location: West Africa
Programs: Flying Blue, Mileage Plus
Posts: 204
So we get the card (since we are cancelling the old Schwab 2% card soon). We tell them husband travels for a living - pilot. I charge here in the US while he charges one day in Paris, next in Dubai etc etc. The CSR wants us to list countries and dates for all trip. are u kidding!!!!
Hope this helps. I've been very pleased the first year using a Cap1 card, and for places that don't take my Penfed Amex overseas, it is my primary card now.
Nov 20, 2011, 7:49 pm
#67
Original Poster
Join Date: May 2011
Location: ORD
Programs: AA LTG, Marriott LTP. 50% Delta LTS, Working on Hyatt LTD
Posts: 676
I just applied for it and got approved. Giving Cap one another chance. Keep in mind their no hassle rewards are horrible!! Make sure you get the CASH card with Cap one otherwise you better goto Citi or Chase if you want points programs.
FYI - I plan on using the Sparks business card 2% until the annual fee kicks in then going to the 1% plus 50% bonus card which has no annual fee.
FYI - I plan on using the Sparks business card 2% until the annual fee kicks in then going to the 1% plus 50% bonus card which has no annual fee.
/uponsoapbox
I am continually surprised by the generally intelligent people on this board who are scared to death of paying an annual fee, even if it's in their best interests. Annual fee is simply another aspect of the ROI calculation.
Personally, I keep 4 cards, all of which have annual fees, and I spend over $1,000 / year in fees. Totally worth it for the cash value rewards I receive, strictly on an ROI basis. Benefits like lounge access are just icing on the cake and come along for the ride.
Would be more than happy to pay $2,000/year for a centurion too. All depends on the value the cards provide.
/downfromsoapbox
Separately, I don't see why there is any reason to go with a miles over cash card. As I read them they are identical, with the caveat that the miles card can only be redeemed for travel purchases, where the cash can (effectively) be redeemed for any purchase (since it's a statement credit)...
Am I missing something?
Nov 21, 2011, 1:07 am
#68
Original Poster
Join Date: May 2011
Location: ORD
Programs: AA LTG, Marriott LTP. 50% Delta LTS, Working on Hyatt LTD
Posts: 676
Nov 21, 2011, 1:07 am
#69
Original Poster
Join Date: May 2011
Location: ORD
Programs: AA LTG, Marriott LTP. 50% Delta LTS, Working on Hyatt LTD
Posts: 676
I got turned down for the card. I have 800 credit score. But a lot of open credit, and that is why they declined me. I pay off all my cards on time. But it seems with the current state of the credit market they don't want to take risks.
Also I have a captial one card the Sony rewards one that just got moved from chase to capt one. So that might of also affected me getting approved for this.
Too bad for them decling me, as use a lot of credit cards for my business.
Also I have a captial one card the Sony rewards one that just got moved from chase to capt one. So that might of also affected me getting approved for this.
Too bad for them decling me, as use a lot of credit cards for my business.
Nov 21, 2011, 1:10 am
#70
Original Poster
Join Date: May 2011
Location: ORD
Programs: AA LTG, Marriott LTP. 50% Delta LTS, Working on Hyatt LTD
Posts: 676
your joking correct ? the cash back card is like a Discover more or American express blue cash card, while the Capital1 venture is a card that business travlers and vice presidents use. 1.25 miles per dollar spent.
what I'm trying to say is the cash card doesn't have a concierge, it's not the card the venture 1 is. Please it doesn't beat the Venture.
it's a card meant for shopping.
what I'm trying to say is the cash card doesn't have a concierge, it's not the card the venture 1 is. Please it doesn't beat the Venture.
it's a card meant for shopping.
Concierge is pretty commonplace on all cards with annual fees over $95 nowadays anyway; it's a standard Visa Signature perk.
Just comparing maximum cash back card in the world when travelling (and spending, given the zero FX and not being AMEX), which is this to others.
Nov 21, 2011, 1:11 am
#71
Original Poster
Join Date: May 2011
Location: ORD
Programs: AA LTG, Marriott LTP. 50% Delta LTS, Working on Hyatt LTD
Posts: 676
The CSR is nuts, and Cap1 isn't the only company to have this 'feature.' The fraud alert algorithm is looking for anything that breaks a pattern. Once you establish a pattern of travel, it's no longer an issue. I only told Cap1 about my first 2-3 trips (online with the travel notification form), and have used the card all over the world since without any further notifications or issues.
Hope this helps. I've been very pleased the first year using a Cap1 card, and for places that don't take my Penfed Amex overseas, it is my primary card now.
Hope this helps. I've been very pleased the first year using a Cap1 card, and for places that don't take my Penfed Amex overseas, it is my primary card now.
I had this problem when I first moved to China and traveled in AP. Recently was in China for a week, Chicago for a week, Detroit for a week, and Dallas for a week and zero rejections / problems. I must have passed the hurdle.
Aug 25, 2013, 1:22 am
#74
Original Poster
Join Date: May 2011
Location: ORD
Programs: AA LTG, Marriott LTP. 50% Delta LTS, Working on Hyatt LTD
Posts: 676
Depends on your credit and prior relationship. My wife got a line with them which was aligned with her other cards. I had an issue with them back in college so they usually don't give me a line anywhere near what other banks do.
