Why You Might Want To Jump On This Capital One Offer

 

You may have seen this offer announced this week for the Capital One Venture card. 100,000 points with a $20,000 minimum spend or 50,000 points with a $3,000 minimum spend. I have to admit I got this card several years ago because you can use the points to erase any travel purchase. That means that instead of transferring points to an airline or hotel, you simply use your Capital One Venture card to pay for the purchase and then use the points for a statement credit. Easy. 

Now Capital One has added transfer partners too. And during the last year, it added a benefit so you could use your points as statement credits for takeout, steaming, Amazon and Paypal since not many people were traveling. 

I actually got this card when we were going on a family trip to Costa Rica. By family, I mean extended family trip, you know, like a group of 20 people. The deal was everyone had to pay for their own airfare, but then once in Costa Rica, the trip would be a gift. Pretty sweet! The only other catch is we all had to fly on the same Delta flight. Since I didn't have enough Delta miles for 5 round trip airline tickets, my husband and I each applied for the Capital One Venture card. We charged the plane tickets and everything else to those cards to meet the minimum spend and we ended up getting three of the tickets FREE. 

Now I still like this card, however, I like the Chase Sapphire Preferred and Reserve cards better. Here's why:

• Capital One every purchase earns 2 points per dollar
• Chase Sapphire Preferred and Reserve - most purchases earn 1:1, but dining and travel earn 2:1 and there are categories where you can earn 5:1 if you have Chase FREEDOM, FLEX or INK cards. 
• Capital One points value are 1:1 when you use them to erase purchases
• Chase Sapphire Preferred values points at 1:1.25 if you use them in the travel portal or as a statement credit
• Chase Sapphire Reserve values points at 1:1.5 if you use them in the travel portal or as a statement credit 
• Capital One and Chase offer 1:1 transfer values to airline miles, but Chase offers way more partner airlines and hotels. 

I still think the Chase Sapphire Preferred and Reserve offer more flexibility than the Capital One. Now, all that being said, I have NOT canceled my Capital One and have no intention to do so. You can only get this card once in a lifetime and I'm not ready to give it up. 

If you decide to give this one a go, consider using my referral link. You get the same great bonus offer and I get a little something for referring you and can use it to bring you more great ideas on how to travel for Almost FREE. 

https://capital.one/3dMOtkP