As an effective 1.5% card, this thing blows Venture and VentureOne out of the water. To make the Venture annual fee worth it, one would have to spend over $11800 per year on the card to match the cash back of the new Cash card.
With no foreign transaction fees, the Cash might just push my VentureOne right out of my wallet for overseas purchases. Anyone know if CapOne will convert products (I have done this with Chase numerous times), or do they typically require reapplying?