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

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 54 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Best card offers in December 2019: Amex Green, United, and more - Business InsiderIf you want to earn points and miles, there's no quicker route than signing up for a rewards credit card and earning its sign-up bonus
Source: BusinessInsider - 🏆 729. / 51 Read more »

I don't have a debit card and I'm convinced I don't need one - Business InsiderI find using a credit card instead of a debit card is safer, more convenient, and helps me earn rewards I wouldn't otherwise earn. Cash is king 👑 Cash me outside. Ser, fulfill my dream for Christmas: - give life to my brother, he needs REMEDIES FOR PAYMENT TO PAY A MEDICAL BILL $ 500,000 неI'm very ashamed! I beg you.
Source: BusinessInsider - 🏆 729. / 51 Read more »

I don't have a debit card and I'm convinced I don't need one - Business InsiderI find using a credit card instead of a debit card is safer, more convenient, and helps me earn rewards I wouldn't otherwise earn. Imagine thinking anyone uses cash anymore... No a mN some day and see what real intelecual love and excitement is all about look
Source: BusinessInsider - 🏆 729. / 51 Read more »

These are the digital health predictions we got right in 2019 - Business InsiderBusiness Insider Intelligence takes a look back on our 2019 digital health predictions and highlight which of our forecasts rang true.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Business Insider ranks the 11 best movies of 2019 - Business InsiderFrom 'The Irishman' to 'Knives Out,' here is a look back on the movies that we found to be the best of the year. The Irishman sucked. Full stop 🛑 No Endgame, yikes. Joker isn't in the list? Ok..
Source: BusinessInsider - 🏆 729. / 51 Read more »

TripActions' first CFO reflects on his stint as Snowflake's first CFO - Business InsiderThis veteran CFO moved from hot $3.9 billion startup Snowflake to hot $4 billion startup TripActions, and it taught him the importance of having the CEO set a corporate culture
Source: BusinessInsider - 🏆 729. / 51 Read more »