Mile High Credit

When it comes to credit cards, I prefer my rewards in sky-high miles. With each major purchase, my dreamer state of mind starts brainstorming my next major getaway. Before prospective trips can come to fruition there is just one major hurdle…deciding which travel miles credit card is best. According to Nerd Wallet, “An airline credit card won’t mean anything if you never fly. A branded hotel credit card is useful only if you’re a loyal guest. A more general travel credit card is versatile.”

After hours of research, much deliberation, and a year of personal experience, I have narrowed it down to one general travel credit card that I absolutely love: my Capital One Venture Rewards Credit Card. Here’s the quick rundown on the card that’ll take you to the airport runways:

Accolades: Seen in Money® Magazine’s “Best” issue 2010, 2011, 2012
Bonus: 10,000 miles with $1,000 spent in first 3 months (equal to $100 in travel)
Credit Level: Excellent credit
Fees: $0 introductory fee first year, $59 annual fee thereafter
Purchase APR: 13.9% – 20.9% variable APR for purchases and transfers
Rewards: 2 miles per dollar on every purchase everyday (equivalent to 2%)

What I like best about this card is the mile high earnings rate relative to the flexibility of the card. I can redeem miles for any travel-related expense, without worrying about reaching a cap on miles earned, having miles expire, or committing to a single airline. The more overlooked but equally enticing benefits include: no foreign transaction fees, retroactive Purchase Eraser feature, and Visa Signature Concierge benefits. Another fun aspect of the card is the ability to personalize it with a unique picture. When used responsibly, I believe the Capital One Venture is a solid piece of plastic for what it offers and a great addition to any credit card Rolodex. Personally, I find that this card works best in conjunction with 5% rotating category credit cards. When it comes to your travel credit card, don’t be the 1%.

Readers, what are your two cents on the best travel credit card?

Best,
Phoebe

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