Transferable miles with no annual charges: The Capital One SavorOne and VentureOne duo

Transferable factors and miles are among the many most beneficial currencies for journey rewards because of their versatility and resistance to devaluation. The means to switch rewards to a number of loyalty program companions reduces the influence of anybody program’s devaluation.

Some fashionable transferable currencies embody American Express Membership Rewards and Chase Ultimate Rewards. The challenge for some is that getting and utilizing these rewards requires holding a card with an annual price, comparable to The Platinum® Card from American Express (see charges and charges) or Chase Sapphire Reserve, respectively (take into accout, although, that not all annual charges are dangerous).

In Capital One’s portfolio of playing cards, there’s an typically neglected card with no annual price that also has transferable rewards: the Capital One VentureOne Rewards Credit Card.

The no-annual-fee Capital One SavorOne Cash Rewards Credit Card is a perfect complement to the VentureOne as a result of when you’ve got each journey rewards and cash-back playing cards from Capital One, you’ll be able to transfer rewards between the playing cards at a ratio of 1 cent to 1 mile. This means you could profit from glorious cash-back incomes potential whereas nonetheless with the ability to switch to companions.

Here’s why the Capital One VentureOne and SavorOne rewards playing cards coupled collectively are top-of-the-line no-annual-fee duos for journey rewards.

The VentureOne card’s earnings are easy. It earns a vast 1.25 miles per greenback on each buy and an elevated 5 miles per greenback on resorts and rental automobiles booked via Capital One Travel.

Spending on eating places, grocery shops, leisure and fashionable streaming providers, which earn 3% money again with the SavorOne card, is the place this duo actually begins to shine. This equates to three miles per greenback when the rewards are transferred to the VentureOne.

Additionally, via Nov. 14, 2024, cardholders earn 10% money again (10 miles per greenback) on Uber or Uber Eats purchases.

Related: The finest bank cards for eating

Redeeming miles

One of the largest perks of the no-annual-fee VentureOne is the flexibility to switch to companions as an alternative choice to cashing out through test or assertion credit with the SavorOne. This means that you can both switch miles or earn money again when one presents a greater worth than the opposite.

TPG values Capital One miles at 1.85 cents every due to its beneficial switch companions, together with Singapore Airlines KrisFlyer and British Airways Executive Club. The latter can be utilized to fly to and from London in model or for American Airlines home flights.

Additionally, you’ll be able to switch miles to its lodge companions, together with Accor Live Limitless and Wyndham Rewards. Overall, which means you need to use your rewards from these two playing cards to redeem for flights and lodge stays after which cowl any remaining taxes or charges with the money again.

Related: Why Wyndham is now my new favourite Capital One switch accomplice

The VentureOne card’s sign-up bonus is 20,000 miles after you spend $500 on purchases within the first three months from account opening.

The sign-up bonus for the SavorOne card is $200 money again after you spend $500 within the first three months from account opening. When transferring the money again to VentureOne miles, you earn the identical 20,000 miles on each playing cards.

After finishing the minimal spending requirement for each playing cards, the mixed bonuses will yield 40,000 Capital One miles, price $740 by TPG’s valuations.

In addition to the welcome bonus, the VentureOne and SavorOne don’t have any annual charges. Furthermore, neither card has international transaction charges. To assist earn extra rewards, there isn’t any price so as to add licensed customers to the account.

Related: The finest no-annual-fee bank cards

Alternative choices

Capital One does supply an analogous card duo with two of its extra premium playing cards: the Capital One Venture X Rewards Credit Card and the Capital One Savor Cash Rewards Credit Card. And whereas these two playing cards each have annual charges, it may simply make sense to pay these charges in trade for the extra perks in comparison with the no-annual-fee choices.

While the VentureOne comes with a welcome supply of 20,000 miles after spending $500 within the first three months, the Venture X presents 75,000 miles after spending $4,000 inside the first three months from account opening. This is nearly 4 instances as many miles from the welcome supply alone and might simply assist to fly a household somewhat than a person, or it may allow you to fly in enterprise class somewhat than economic system.

The identical is true for the SavorOne versus the Savor, which earns a $300 welcome bonus after spending $3,000 inside the first three months somewhat than a $200 bonus for spending $500 in the identical timeframe. Although each the Venture X and Savor playing cards have considerably greater minimal spending necessities than their counterparts, the rise might be worthwhile if you happen to can full it.

The Venture X has an annual price of $395 whereas the Savor’s annual price is $95. But, by not paying for the annual charges, you might be lacking out on some perks with solely the VentureOne and SavorOne playing cards.

For instance, the Venture X has a $300 annual journey credit score and a ten,000-mile yearly anniversary bonus, which alone make up for the annual price. Alternatively, the elevated spending multiplier of two miles on each buy as a substitute of 1.25 miles on the VentureOne will assist accrue many extra miles.

This is along with the extra luxurious perks of the Venture X, comparable to lounge entry world wide and as much as $100 in assertion credit for TSA PreCheck or Global Entry.

The Savor operates equally, providing 4 miles for each greenback spent at eating places and on leisure, in comparison with the three miles per greenback with the SavorOne.

The info for the Capital One Savor Cash card has been collected independently by The Points Guy. The card particulars on this web page haven’t been reviewed or offered by the cardboard issuer.

Related: 12 methods to fulfill the spending necessities and earn the bonus on a brand new card

Though the sign-up bonuses and general earnings on purchases are lower than their premium counterparts, the Capital One VentureOne and SavorOne Rewards playing cards nonetheless supply no international transaction charges and the flexibility to mix and switch miles to the identical wonderful companions.

For these searching for no-frills playing cards that can permit them to journey inexpensively, the VentureOne and SavorOne duo is a superb choice to entry transferable rewards.