Transferable factors and miles are among the many most precious currencies for journey rewards resulting from their versatility and resistance to devaluation. The flexibility to transfer rewards to a number of loyalty program companions reduces the influence of anybody program’s devaluation.
Some standard transferable currencies embody American Express Membership Rewards and Chase Ultimate Rewards. The difficulty for some is that getting and utilizing these rewards requires holding a card with an annual price, corresponding to The Platinum® Card from American Express (see rates and fees) or Chase Sapphire Reserve, respectively (take into account, although, that not all annual fees are bad).
In Capital One’s portfolio of playing cards, there’s an usually missed card with no annual price that also has transferable rewards: the Capital One VentureOne Rewards Credit Card.
The no-annual-fee Capital One SavorOne Cash Rewards Credit Card is a perfect complement to the VentureOne as a result of when you could have each journey rewards and cash-back playing cards from Capital One, you’ll be able to move rewards between the cards at a ratio of 1 cent to 1 mile. This implies that you may profit from wonderful cash-back incomes potential whereas nonetheless having the ability to switch to companions.
Right here’s why the Capital One VentureOne and SavorOne rewards playing cards coupled collectively are the most effective no-annual-fee duos for journey rewards.
The VentureOne card’s earnings are easy. It earns a vast 1.25 miles per greenback on each buy and an elevated 5 miles per greenback on lodges and rental vehicles booked by means of Capital One Travel.
Spending on eating places, grocery shops, leisure and standard streaming companies, which earn 3% money again with the SavorOne card, is the place this duo actually begins to shine. This equates to three miles per greenback when the rewards are transferred to the VentureOne.
Moreover, by means of Nov. 14, 2024, cardholders earn 10% money again (10 miles per greenback) on Uber or Uber Eats purchases.
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One of many largest perks of the no-annual-fee VentureOne is the flexibility to transfer to partners as a substitute for cashing out through verify or assertion credit with the SavorOne. This lets you both switch miles or earn money again when one presents a better value than the opposite.
TPG values Capital One miles at 1.85 cents every because of its worthwhile switch companions, together with Singapore Airlines KrisFlyer and British Airways Executive Club. The latter can be utilized to fly to and from London in model or for American Airlines domestic flights.
Moreover, you’ll be able to switch miles to its lodge companions, together with Accor Live Limitless and Wyndham Rewards. General, which means that you should utilize your rewards from these two playing cards to redeem for flights and lodge stays after which cowl any remaining taxes or charges with the cash back.
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Welcome bonuses with out the charges
The VentureOne card’s sign-up bonus is 20,000 miles after you spend $500 on purchases within the first three months from account opening.
The sign-up bonus for the SavorOne card is $200 money again after you spend $500 within the first three months from account opening. When transferring the money again to VentureOne miles, you earn the identical 20,000 miles on each playing cards.
After finishing the minimal spending requirement for each playing cards, the mixed bonuses will yield 40,000 Capital One miles, worth $740 by TPG’s valuations.
Along with the welcome bonus, the VentureOne and SavorOne don’t have any annual charges. Moreover, neither card has foreign transaction fees. To assist earn extra rewards, there is no such thing as a price so as to add approved customers to the account.
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Capital One does provide the same card duo with two of its extra premium playing cards: the Capital One Venture X Rewards Credit Card and the Capital One Savor Cash Rewards Credit Card. And whereas these two playing cards each have annual charges, it may simply make sense to pay these charges in alternate for the extra perks in comparison with the no-annual-fee choices.
Whereas the VentureOne comes with a welcome provide of 20,000 miles after spending $500 within the first three months, the Venture X affords 75,000 miles after spending $4,000 throughout the first three months from account opening. That is nearly 4 occasions as many miles from the welcome provide alone and may simply assist to fly a family rather than a person, or it may allow you to fly in enterprise class somewhat than economic system.
The identical is true for the SavorOne versus the Savor, which earns a $300 welcome bonus after spending $3,000 throughout the first three months somewhat than a $200 bonus for spending $500 in the identical timeframe. Though each the Enterprise X and Savor playing cards have considerably increased minimal spending necessities than their counterparts, the rise may be worthwhile if you happen to can full it.
The Enterprise X has an annual price of $395 whereas the Savor’s annual price is $95. However, by not paying for the annual charges, you’re lacking out on some perks with solely the VentureOne and SavorOne playing cards.
For instance, the Venture X has a $300 annual travel credit and a ten,000-mile yearly anniversary bonus, which alone make up for the annual price. Alternatively, the elevated spending multiplier of two miles on each buy as an alternative of 1.25 miles on the VentureOne will assist accrue many extra miles.
That is along with the extra luxurious perks of the Enterprise X, corresponding to lounge access around the globe and as much as $100 in assertion credit for TSA PreCheck or Global Entry.
The Savor operates equally, providing 4 miles for each greenback spent at eating places and on leisure, in comparison with the three miles per greenback with the SavorOne.
The knowledge for the Capital One Savor Money card has been collected independently by The Factors Man. The cardboard particulars on this web page haven’t been reviewed or offered by the cardboard issuer.
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Although the sign-up bonuses and total earnings on purchases are lower than their premium counterparts, the Capital One VentureOne and SavorOne Rewards playing cards nonetheless provide no international transaction charges and the flexibility to mix and transfer miles to the same amazing partners.
For these on the lookout for no-frills playing cards that can permit them to journey inexpensively, the VentureOne and SavorOne duo is a good choice to entry transferable rewards.