You just got your shiny new Capital One Venture Card (non-affiliate link) …now what?
Like the Barclays Arrival® Premier World Elite Mastercard®, I love the Venture card for its easily-redeemable and flexible redemption system. If you aren’t familiar with how this system works, all you need to do to use your points is make a travel purchase with the Venture card and “erase” the charge on your statement. I love this feature because it makes being restricted by blackout dates virtually impossible.
Unlike other credit cards with flexible currencies like the Chase Sapphire Preferred and the Amex Platinum Card where you’ll to either book using a portal or transfer to a partner, having the ability to “wipe away” a transaction is so much fun.
The Capital One Venture card comes with a 50,000 sign-up bonus after spending $3,000 in the first 90 days. Here are some ways you can put these miles to good use!
Disney World and Universal Studios tickets
If you’ve been to Disney or Universal Studios you understand how expensive tickets are. Currently, a one day ticket to Disney Orlando will run you a whopping $102 for a value ticket!
Disney/Universal tickets are a great candidate for Venture miles.
IMPORTANT: In order for your purchase to qualify as travel related, it has to be coded as travel by the merchant. Neither Disney nor Universal code its theme park tickets as travel. A great way to get around this is by hopping over to Undercover Tourist and buying your tickets through them! They are verified to code theme park tickets as travel, thus allowing you to use your Venture miles.
Let’s face it, most of us aren’t truly diligent when it comes to accruing loyalty points for car rentals. Hertz, National, and Avis are almost an afterthought at this point, and for good reason. Car rentals can be expensive, but we don’t always need a car when traveling.
If you find yourself needing a car for an upcoming trip, you should think about applying for the Venture card and deploying your Venture miles to erase the charges.
Uber and Lyft rides
One of the best parts about the Venture card is the ability to redeem miles at any amount. For example, if you charge a $7 Uber ride, you can use your miles to wipe away that charge. This is contrary to the Barclays Arrival® Premier World Elite Mastercard® which only allows you to redeem miles against charges with a $100 minimum.
Offsetting flight upgrade costs
If you’re thinking of upgrading your paid economy ticket using miles, there is often a co-payment attached. Using your Venture miles, you could buy that upgrade using your Capital One Venture card and offset the co-pay using your Venture miles.
All you have to do is wait until the charge posts to your statement and use the Capital One Purchase Eraser to wipe it away.
As you can see, you can certainly get creative with your Venture miles, which is the main reason why I love this card. Even better is that this card has a $95 annual fee that is waived for the first year and you can earn 2X miles on every purchase.
Even if you don’t have a use for Venture miles right now, it’s worth it to stash them in your back pocket as you’ll never know when you’ll find yourself needing them.
Do you like or dislike the Venture card? Why?