Capital One Wants To Reward Customers For Staying At A Hotel Of Their Choice

Here’s one way companies are competing for your loyalty: acknowledging that consumers are more fickle than ever. Typically, those cards offer just twice the miles on purchases. The offer applies to Capital One Venture or Venture One cards. The partnership targets consumers who don’t want to be tied to a particular hotel brand, said Lauren Liss, Capital One’s digital partnerships and rewards lead.

Consumers can also still participate in Hotels.com’s loyalty program, while getting the benefits of the increased credit-card rewards. But even if the rewards seem generous, experts warn that consumers should be sure they can pay their credit-card bills in full each month. Paying interest on credit cards can quickly outweigh any rewards earned through spending.

95 fee after that. 1 spent on Expedia purchases. 1.27% rewards card. It offers 5% cash back on Orbitz bookings. Priceline US:PCLN also offers a Visa card with 5x points on purchases through that site. Credit card companies have long partnered with hotel chains, rewarding customers for staying loyal to just one brand. 0.85% Starwood Preferred Guest card is a popular option.

And you’ll pay no fee on foreign transactions. There’s another card in Capital One’s Venture line, with different card terms and rewards. It might be a better option for you, depending on what you’re looking for in a travel credit card. Both of these cards are designed for excellent credit.

The benefits begin with a generous sign-up bonus (see card summary table for current offer). You must spend the required amount in the allotted time to qualify. 1 you spend on purchases, you’ll earn 2 miles. That’s 2x the miles on purchases, and there’s no limit to how many you can earn! 59, but it is waived in the first year.

59 annual fee, waived in the first year. As a travel rewards card, it earns points that can be redeemed as statement credit for travel-related purchases. 1 in travel rewards. The card is so flexible that you can make travel purchases with any airline, hotel, etc. via any app or website, and then apply your miles as statement credit.

You aren’t limited to any particular airline or hotel chain. It even includes international travel, which is terrific because you won’t have any foreign transaction fees when you make purchases with the card. Bottom Line: You can earn miles for all purchases and use miles with any travel purchase you want. 59 per year, but this fee is waived the first year. The Capital One Venture Rewards Credit Card gives you 2 ways to redeem miles for travel: using Purchase Eraser, or making new reservations.

With Purchase Eraser, you can redeem your miles via statement credit for a wide range of travel purchases. In addition to airline tickets and hotel stays, you can use miles for car rentals, railway tickets, cruises, timeshares, and much more. Make the purchase, and then apply your miles for statement credit. You can even get partial credit if you don’t have enough miles to cover entire cost.

Purchases can be “erased” up to 90 days from the date the charge posts to your account. Then simply book your new reservations using your miles to pay. 300, multiply it by 100 to see that you’ll need to redeem 30,000 miles. Miles can also be redeemed for statement credit or gift cards for those cardmembers who don’t travel as much.

However, because that reduces the value of your miles considerably, we don’t recommend it. Bottom Line: Award miles earned with the Capital One Venture Rewards Credit Card are best used as statement credit toward existing travel purchases (Purchase Eraser) or to book a new reservation through Capital One. The card also provides exclusive benefits due to the fact that it is a Visa Signature.

Enjoy Visa Concierge Service 24 hours a day, both from home and away. Also, get premium benefits at over 900 luxury properties, plus shopping discounts at top retailers and online merchants. Benefits also include special access and preferred seating at sporting events, discounts to movie showings, and much more. Find a complete list of Visa Signature benefits here. When you use Purchase Eraser to redeem your miles for statement credit, you can still collect loyalty points from your favorite loyalty programs. In fact, it’s a super way to maximize your benefits.

Remember, with Purchase Eraser, you can use your card to purchase travel at any website. This means you’re able to provide the account numbers for your loyalty programs while accruing points on the Capital One Venture Rewards Credit Card to use later. The Citi Double Cash Card also offers a 2% rewards rate, and it doesn’t carry an annual fee. On the other hand, this card’s points can only be used for statement credit, and there is a minimum redemption amount and a 3% foreign transaction fee.

The Barclaycard Arrival Plus World Elite MasterCard earns 2.1x points (when including the 5% rebate), which is just slightly more than the Capital One Venture Rewards Credit Card. Earn an unlimited 2x miles on every single purchase you make with no limit. If you redeem miles for travel purchases, there is tremendous value potential in the Capital One Venture Rewards Credit Card.

Black Friday and Cyber Monday are days I like to avoid. They're busy in store and online. But every year, I usually find an alluring ad and get involved. And I use a credit card. So, which are the cards that offer the best rewards or lowest rates, They didn't compare exactly the same cards. But I did find what they considered the best in 3 categories. First, best cash back reward: the Citi Double Cash card is recommended on all 3 sites.