If you’re into fixed-value points, then the Capital One Venture One Rewards Credit Card might have crossed your path. With this card, you earn 2X miles per dollar spent on every purchase with no caps or limits, and redemptions net you 1 cent per point. It’s a simple rewards card that is popular among those who have dipped their toes into award travel but haven’t taken a full plunge into the hobby just yet.
Effective June 12, the card will offer some new benefits. As a card member, you’ll be able to receive a Global Entry/TSA PreCheck application fee credit every four years.
Sure, about a dozen other credit cards already offer this benefit. However, this is different because the Venture Card doesn’t charge a premium card fee. You’ll pay nothing for the first year and then $95 every year you keep the card. So, it is now possible to apply for TSA PreCheck ($85 for five years) or Global Entry ($100 for five years) without having to spend $450 to $550 in fees for a premium credit card that offers the same benefit.
If you already hold one of the cards that offer complimentary enrollment in one of the frequent-traveler programs, you can gift it to someone who would like to use this benefit. As a reminder, Global Entry includes participation in the TSA PreCheck program but could take significantly longer to schedule an interview.
Earlier this year, the Capital One Venture Card partnered with Hotels.com and began offering 10X miles per dollar spent on hotel bookings. All bookings made via Hotels.com/Venture earn the mega-multiplier. If you often book your stays through the online travel agency, you can stack the bonus with the website’s own rewards program. Every 10 nights you book offer you a free night based on the average cost of the 10 nights.
Although not the most rewarding card, the Capital One Venture Card has become quite a contender in the rewards card arena. It’s easy to accumulate miles, easy to redeem them, and with the newly added 10X miles at Hotels.com and a Global Entry/TSA PreCheck enrollment credit, it’s a card to consider for those who value cash back more than flexible travel rewards.
Do you have the Capital One Venture Card? What do you think of the new incentive?