To Travelers: Time to Make Room in Your Wallet

Capital One has recently launched a new travel rewards credit card, as you might have already heard from its many TV commercials.  If you like to travel, Capital One’s Venture Rewards credit card could be your match made in heaven.

• Dollars to Miles - You earn 2 points for each dollar you spend.  And there is no limit or expiration on the points.  Further, every 100 points can be redeemed for $1 (essentially a 2% back rate).  So if you have 20,000 points, you are eligible to redeem a flight that costs up to $200.
• Easy Redemption - There are no blackout dates and no restrictions on where you want to go or which airline you want to use.  The only downside is that you cannot cannot earn frequent flier miles on the flight paid through your Capital One points.  You can also redeem your rewards for other travel-related purchases, such as hotels and car rentals.  To redeem, simply make your purchase with your Capital One Venture credit card and then flag the charge for reimbursement from your accumulated miles.
• No foreign transaction fees – This is a huge plus for international travelers, because you can collect points as you travel without extra fees.
• Bonus rewards – Capital One currently has a promotion where you can earn 10,000 in bonus points if you spend $1,000 in the first 3 months.  Further, it is also waiving the $59 annual fee for the first year.

Without a doubt, this is great credit card for avid travelers.  But even if you are not, this could still be a great way to earn a cool vacation.