The breakeven point for the Capital One Venture card's annual fee - Business Insider

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The Venture card from Capital One is the easiest way to earn and redeem miles for travel, and it's not hard to break even on its $95 annual fee

that you can transfer miles to, sometimes for an even bigger value than 1 cent per mile. The Points Guy values Capital One miles at 1.4 cents apiece when factoring in the ability to transfer to partners.

Moving miles to partners takes a bit more work and research than simply redeeming through the Capital One website or app. The value of your miles will vary depending on how you use them, but as a guideline you should never redeem for less than 1 cent apiece, since that's how much they're worth with the Purchase Eraser or toward travel booked through Capital One.

If you take advantage of Capital One's airline transfer partners and get that 1.4-cent value per mile, your spending requirement to break even is even lower. You would earn an equivalent of 2.8 cents back per dollar at that rate and need to spend just $2,293 per year — that's $283 per month — to break even.

Just using the card for groceries and utilities should cover the annual fee and a lot more for most households. Any miles you earn above the break-even point are profit back in your account that you can use toward travel.There are a ton of excellent travel rewards cards to chose from, but the Venture card is one of the easiest options for earning and redeeming.

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