The Capital One Venture Rewards Card has doubled its sign up bonus from 20,000 to 40,000 bonus miles after $3,000 in spend within the first 3 months and the $59 annual fee is waived the first year.
Capital One Venture Rewards miles cannot be transferred to other rewards programs. However you can use them to directly purchase hotels and flights through their site. Because you are purchasing your hotels and flights you also receive reward points or miles for any programs in which you are a member. For instance, if you use 30,000 Venture Rewards miles to purchase a $300 flight with American Airlines you will earn Advantage miles on that flight even though you purchased the flight with reward miles.
The Venture card earns 2 miles for each dollar spent in all spending categories.
Summary of Key Benefits:
• Earn unlimited 2X miles on every purchase
• New accounts get a $0 intro annual fee for the first year; plus earn 40,000 bonus miles
• Fly any airline, stay at any hotel, anytime
• No blackout dates or seat restrictions
• No foreign transaction fees
Purchase APR: 13.9%-20.9% variable APR
Transfer APR: 13.9%-20.9% variable APR
Cash Advance APR: 24.9% variable APR
Grace Period: 25 days on purchases
Annual Fee: $0 intro for the first year; $59 after that
Transfer Fee: $0
Foreign Transaction Fee: $0
Cash Advance Fee: 3% of cash advance; not less than $10
Penalty Rates and Fees:
Returned Payment Fee: Up to $35
Late Payment Fee: Up to $35
Over-the-Credit-Limit Fee: None
Penalty APR: 29.4% variable APR