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In Search For A Good Travel Rewards Credit Card

Good travel rewards credit card, Hawaii
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With my new goal of traveling at least 10 weeks a year, I’ve come to the realization it’s wise to get a good travel rewards credit card. They are primarily designed to help you rack up maximum travel rewards points. Then you can use your rewards points or miles to travel even more!

Let’s take a look at a good travel rewards credit card for 2021 and beyond, the Capital One VentureOne Rewards Credit Card. It has really grown in popularity and has a lot to offer.



Disclosure: ONIG Financial Blog has partnered with CardRatings for our coverage of credit card products. ONIG Financial Blog and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

I love to use my Capital One VentureOne credit card for all my business and travel spending. It provides me with points for more free travel, insurance in case my bags are lost or my flight is stuck, and more insurance for defective products I buy and want to return.

Everybody should have a credit card for the free 30 day credit. Just make sure to pay off your credit card every month in full!

A Good Travel Rewards Credit Card Has A Ton Of Benefits

Check out some of the benefits of the Capital One VentureOne Rewards credit card:



  • Enjoy $0 annual fee 
  • No foreign transaction fees when you travel abroad.
  • Receive a bonus of 20,000 miles after you spend $500 on purchases within three months of opening an account. The 20,000 miles equals $200 in travel rewards, which is like getting 40% cash back.  
  • Get unlimited 1.25X miles on every purchase you make, every single day.
  • Utilize the flexibility of transferring rewards miles to over 10 leading travel loyalty programs. 
  • Travel when you want where you want. No blackout dates, fly any airline, stay at any hotel, whenever you want.
  • 0% intro APR on purchases for 12 months. This is a great introductory period for those of you who plan to make big purchases and want some extra time to pay them off. 
  • Earn unlimited miles that won’t expire as long as you are an active cardholder.
  • Enjoy great travel protection, including travel accidental insurance, rental car coverage, and extended warranty on eligible items. 
Capital One VentureOne Credit Card

I highly recommend the Capital One VentureOne Rewards credit card.

You can click here to compare other great travel rewards cards as well. There are some other good travel rewards credit card choices to explore. Here are some of my in depth travel credit card reviews:

Why Travelers Should Have A Good Travel Rewards Credit Card

If you love to travel, it really is a no brainer to have a good travel rewards credit card. Many countries around the world are moving towards cashless infrastructures. It’s always good to carry some cash just in case. But the convenience and benefits of a good travel rewards credit card really surpass cash.

1) Flexibility



A typical good travel reward credit card partners with dozens of the best airlines and hotels making it easy to book travel arrangements through the card’s rewards portal.

You can redeem your points or miles to “pay” for flights and lodging. Often, you can even book cruises and sight seeing activities with a good travel rewards credit card. Select the airline, cruise company, hotel, activity you would like, etc. and pay for your travel arrangements on your credit card.

Good travel rewards credit cards like The Capital One VentureOne Rewards Credit card don’t confine you with blackout dates. This is the ultimate in flexibility. Plus, you can easily transfer rewards miles to over 10 leading travel loyalty programs. 

VentureOne lets you travel when you want where you want. There are no blackout dates. And you can fly any airline and stay at any hotel, whenever you want.

2) Bonus Miles And Everyday Rewards Miles



Any good travel rewards credit card will offer bonus miles or rewards to new card holders. In addition, it should also offer miles for every purchase you make beyond the introductory offer.

With the VentureOne card, you can receive a bonus of 20,000 miles after you spend just $500 on purchases within three months of opening an account.

The 20,000 miles equals $200 in travel rewards, which is like getting 40% cash back. Then, every purchase you make after the signup bonus earns 1.25x miles.

3) No Limit

When you are looking for one of the best travel rewards credit cards, make sure it has unlimited miles or unlimited rewards points.

With the VentureOne card, there’s no limit on the number of miles you can accrue, and they don’t expire. Of course, your account must be in good standing and active.

4) Insurance



It’s important to get a good travel rewards credit card that comes with free insurance protections.

For example, the Capital One VentureOne Rewards Credit card offers automatic travel accident insurance, rental car coverage, extended warranty on eligible items, and $0 fraud liability.

How Much Are The Fees On A Good Travel Rewards Credit Card?

If you are looking for a good travel rewards credit card, get one without a lot of fees. Otherwise, credit card fees can really cost you a lot of money and time.

For example, there are minimal fees with The Capital One VentureOne Rewards credit card. You just have to use your credit card responsibly and pay it off each month, which we all do.

Let’s review the fee structure of the VentureOne card.

What You’ll Love – No Foreign Transaction Fees

As I mentioned before, there are no foreign transaction fees when you make a purchase in another country. While the friends you are traveling with use a different card and pay a 3 or 4% transaction fee on each purchase, you can use VentureOne and pay no fees.



This why it’s important to research good travel rewards credit cards before signing up. Choosing the right card makes a difference.

No Annual Fee

Some good travel rewards credit cards have an annual fee. That isn’t the end of the world if the benefits more than cover the cost of the fee.

But with the VentureOne card, there is no annual fee to worry about ever! That can easily save you hundreds of dollars over time.

0% Introductory APR For 12 Months

The Capital One VentureOne Rewards credit card has a great 0% introductory APR offer for the first 12 months. This is a great feature if you have any large purchases to make. Just be sure to pay them off in full before the 12 months are up.

It continues to amaze me how much credit card companies can charge consumers. Don’t let them take advantage of you.

Hopefully nobody reading this post ever carries a revolving credit card balance. Use a credit card to your advantage. Don’t let credit card companies earn money off you because you are spending more than you can afford.

Adding VentureOne To My Wallet



Based on my renewed desire to travel for 10 weeks a year with a travel budget of $2,500 each week, I should be able to rack up around 31,250 miles a year just on travel if I use my VentureOne credit card.

I will easily spend another $1,000-$2,000 a month on expenses on the card, providing a total of over 60,000 rewards points every year thanks to earning 1.25X points for every dollar spent.

I plan to use them to buy at least two round-trip tickets to Honolulu or NYC from SF every single year. Flying for free, perfect!

Recommendations To Build Wealth

Learn More, Make More Money

Here are some additional resources I’ve put together that will help you on your financial journey to earn more, save more, and hopefully double or triple your income!

Manage Your Money In One Place

Sign up for Personal Capital, the web’s #1 free wealth management tool to get a better handle on your finances. You can use Personal Capital to help monitor illegal use of your credit cards and other accounts with their tracking software.

In addition to better money oversight, run your investments through their award-winning Investment Checkup tool to see exactly how much you are paying in fees. I was paying $1,700 a year in fees I had no idea I was paying.



After you link all your accounts, use their Retirement Planning calculator that pulls your real data to give you as pure an estimation of your financial future as possible using Monte Carlo simulation algorithms.

Definitely run your numbers to see how you’re doing. I’ve been using Personal Capital since 2012 and have seen my net worth skyrocket during this time thanks to better money management.

Regards,

Sam

Disclosure: ONIG Financial Blog has partnered with CardRatings for our coverage of credit card products. ONIG Financial Blog and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.

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