Okay so you're researching capital one venture card. Duane here with how to
build credit TV and in this video we're gonna have a look at the capital one
venture card. And if this card is a good card for you if you're interested in
getting this particular card the capital one venture card. But before we get
started I have a quick message.
Once again my name is Duane with how to build credit TV. And on this channel we
talk about everything you need to know about credit. Whether you're looking to
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score and how it is comprised so you can increase your credit score. We also
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a thing. Okay so Capital One actually has two
different types of venture cards. There's the capital one venture rewards and
there's a Capital One venture one rewards. So for this portion of the
video we're gonna go ahead and have a look at the website so that you guys can
know exactly what to expect if you're interested in getting this particular
travel card from Capital One the Capital One venture card. So give me one second
and I'll see you over on my laptop. Okay so we're at the website to have a look
at the Capital One venture card and as you can see there are two different
venture cards that capital one offers. So we're gonna have a look at both of
them so that you can know what to expect if you're interested in getting this
particular credit card from Capital One. So here you go as you can see there's
the venture rewards and there is the venture one rewards. The credit level
that's needed for both of these cards is excellent credit. So that's something
that you should keep in mind before you apply for this card. This is a travel
rewards card, so if you travel a lot this may be something that's good for you or
if you're looking to start traveling a lot this may be a good card to get so
that you can rack up some miles that you can redeem towards traveling. So let's
take a look here like I said there are two different capital one venture cards
there's the venture rewards and the venture one rewards. So on the left as
you can see here it says rewards info earn unlimited two times miles per
dollar on every purchase every day that's the venture rewards on the left.
And then on the right you can see it says earn unlimited 1.25
miles per dollar on every purchase every day. So that's kind of the difference you
get two times the points for the venture rewards and you get 1.25
miles for the venture one rewards. And then of course there's different sign up
bonuses for different cards right so on the Left where it has venture rewards
it says new Cardmember offer earned 50,000 bonus miles once you spend $3,000
on purchases within the first three months from opening the account. And then
the venture one rewards on the right it says new card members offer earn 20,000
bonus miles once you spend one thousand on purchases within the first
three months from opening the account. So the spending requirement is clearly a
little different just as well as the actual bonus so the capital one venture
rewards has a 50,000 points or miles bonus that you're gonna get when you
spent three thousand dollars with the first three months. And then the capital
one venture one rewards you you're gonna get twenty thousand bonus miles once you
spend $1,000 in the first three months. So like I said the spending requirements
a little bit different and as well as a sign-up bonus. So it says travel credit
you're gonna receive on the left-hand side here you're gonna receive up to
$100 credit for Global Entry or TSA pre fee. So that's the capital one venture
rewards on the left and of course on the right the capital one venture venture
one rewards there is no travel credit. Okay so once again that's the main
difference between the two so far and then of course the purchase rate is on
the left you see14.74% to 24.74 %
variable APR. on the right it says purchase rate you have a zero
percent introductory rate for twelve months and then after that it's gonna be
between 13. 74% to 23.74%
variable APR the 12-month introductory rate of 0% So that's kind of good
especially if you're just trying to get your feet wet initially then you may
want to consider the capital one venture one rewards on the right-hand side. And
here we go this may be a deal breaker for some people.
The main difference so far as you can see when it comes to annual fees there
is no angle fee for the capital one venture one rewards which is on the
right hand side and there is a annual fee for the capital one venture rewards
on the left hand side. So for the capital one venture rewards there's going to be
no annual fee for the first year and then $95 after that. That's kind of
similar to the Chase Sapphire Preferred where there is no annual fee for the
first year and then there's $95 of annual fee for the second year. So that's
something that you definitely want to keep in mind so just a real quick
overview between the two cards. The main difference is the signup bonus of course
the capital one venture rewards you get two x miles per dollar on every purchase
every day. And the capital one venture one rewards on the right-hand side you
get unlimited one point two five miles per dollar on every purchase. And then of
course the signup bonuses are different on the left with the capital one venture
rewards you get 50,000 miles once you spend $3,000 on your purchases within
the first three months. And then on the right hand side the capital one venture
one rewards you get 20,000 bonus miles once you spend 1,000 on purchases within
the first 3 months. So once again that's something you definitely want to
keep in mind if you're trying to decide which one of these two cards you're
gonna get. So the next thing here that I think is really cool is you get to earn
ten times mile at hotels.com/venture so if you're going to be
going out of it going out of town vacation or maybe stay in town and you
just want to get a hotel room somewhere. You definitely want to make sure that if
you have this capital one venture card that you take advantage of this and you
book your hotel through hotels.com and you're gonna get ten times the miles
which makes perfect sense for every dollar that's spent. So that's a lot of
value there as far as I'm concerned. So of course there's the typical card
benefits that you get when you have a Capital One credit card. It talks about
travel and retail then there's security of course and then there's account
management there's apps and digital services. So you guys can click on these
and kind of read in more detail if you're interested in that. But you know
just a typical stuff right here it talks about no foreign transaction fees. You
won't pay a transaction fee when you're making a purchase outside of the USA.
That's very important that's very cool the next one beneath that talks about
24-hour travel assistance services if your credit card is lost or stolen you
can get an emergency replacement card and a cash advance. I wouldn't do the
cash events but I guess depending on the situation you may need cash quickly
but cash advance of course there's gonna be a lot of interest on that as opposed to
having the credit card and just using the credit card. Then the next thing here
talks about auto rental collision damage waiver. Rent and eligible vehicle with
your credit card and you can be covered for damage due to collision or theft. So
that's always good to know. There's travel accident insurance. Get automatic
insurance for a covered loss at no extra charge when you use your credit card to
purchase your fare. So that's pretty good and then of course there's the extended
warranty you'll get an additional warranty protection at no cost on
eligible items that are purchased with your credit card. So once again guys
these these two cards from Capital One the capital one venture rewards & the
capital one venture one rewards pretty much the same thing except the amount of
miles that you earn per dollar. Whether it's two times the points or one point
two five and then of course the initial sign up bonus that you get. You get fifty
thousand bonus miles with the capital one venture rewards and you get twenty
thousand bonus miles with the capital one venture one rewards. And then of
course you have a different spending limit the capital one venture rewards
requires three thousand dollars within the first two months in order for you to
get the fifty thousand bonus miles and the capital one venture one rewards
requires that you spend $1,000 within the first three months to get 20,000
bonus miles. And of course there's the annual fee differences but that's pretty
much it if like I said if you're gonna be traveling this is probably something
that you definitely want to do and definitely want to consider so thanks
for watching this portion of the video I'll see you guys back in the video just
one second. Thanks for watching this video about the capital one venture card.
Let me know the comments below this video which one of the cards you're
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this channel we talk about everything you need to know about credit. Whether
you're looking to establish credit, build credit, rebuild credit or learn more
about the FICO score and how it is comprised so you can increase your
credit score. We also talked about ways to get cash back actual cash
using credit cards and we also do credit card reviews. So if this sounds like
something in which you're interested be sure to subscribe to the channel and
click that notification bell so you don't miss a thing. Once again my name is
Duane with how to build credit TV and I approve this video. Thanks again for
watching and I'll see you in another video.
Until next time take care and be blessed. Peace!