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This Capital One Card is the Best Fixed-Value Card

October 20, 2017 by Thomas 7 Comments  Richmond Savers has partnered with CardRatings for our coverage of credit card products. Richmond Savers 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. Disclosures.

Sheriff BadgeThere’s a new sheriff in town, folks! The Capital One Venture Rewards Credit Card just took the title of “best fixed-value credit card.”

Don’t know what fixed-value cards are? Then check out our beginner’s guide.

They are perfect for beginners because the points are easy to redeem, AND they allow you to make redemptions for purchases that might not otherwise count as “travel.” This includes Disney park tickets, trips to resorts (even those with an indoor waterpark), cruises, and so on.

Be sure to check out this list of 10 creative ways to use the card.

For quite some time now, other fixed value cards outperformed the COV. But after some changes in recent years, the torch has been passed. The best fixed-value card right now is the Capital One Venture card. Here’s why…

Early Spending Bonus

Capital One VentureThe Capital One Venture bonus is 75,000 miles if you spend $4,000 on purchases in the first 3 months.

There is a $95 annual fee. So the bonus is worth $750 of free, flexible travel.

Other Card Perks

Let’s talk more about why this card is so easy-to-use and great for certain types of travel:

  • You can “erase” travel expenses by redeeming miles.
  • This generic “travel” redemption gives you lots of flexibility and allows for using points in situations where you wouldn’t be able to otherwise.
  • No minimum redemption. You can redeem for a $5 Uber ride if you want to.
  • You can partially redeem expenses. (Example: redeem $100 from a $200 hotel stay). There is a minimum for partial redemptions of $25 (2,500 miles).

As you can see, there are lots of great perks here. Again, this is great for beginners, but it’s equally great for anyone whose plans involve general travel that can’t be redeemed with other point programs. For now, this is absolutely the top fixed-value card.

Don’t Totally Forget about Other Options

Right now, the Capital One Venture is hands down the best offer on a fixed value card. But that doesn’t mean you can’t use other strategies, too. For a long time, we’ve been recommending that large families in our Disney Program open the Capital One Venture and another fixed value card if they need points for more tickets. There aren’t many fixed value options available currently, so another one to consider is the Chase Sapphire Reserve, which gives an annual travel credit in addition to many other benefits. You can also earn the big cash back bonuses to offset your expenses.

But for now, the low-hanging fruit that we think most people should start with, in terms of fixed value, is the Capital One Venture.

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Richmond Savers has partnered with CardRatings for our coverage of credit card products. Richmond Savers and CardRatings may receive a commission from card issuers.

Filed Under: Credit Cards

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Comments

  1. Kappa says

    October 20, 2017 at 4:39 pm

    Can you still retroactively apply the points and make your tickets from undercover tourist the first purchase with the chase card?

    Reply
    • Thomas says

      October 21, 2017 at 7:08 am

      With the Capital One Venture? Yes! Just remember that you have 90 days to make the redemption.

      Reply
  2. Gail says

    October 21, 2017 at 7:41 pm

    So we are heading to WDW in December and also planned to hit a couple days of Universal. The only thing I haven’t done is get a card for the tickets so I can be reimbursed as a travel expense. I am having anxiety because it is almost here and I am totally confused about which card to get and how I can buy tix now and get reinbursed. Please help!

    Reply
    • Thomas says

      October 22, 2017 at 9:32 pm

      Hi Gail! That’s exciting about your upcoming trip. To clarify, either the Capital One Venture or the Barclaycard Arrival Plus will work for buying tickets through Undercover Tourist and then redeeming them later. Right now, the Capital One Venture is a better deal. The key is to make sure that you meet the minimum spending requirement in time to get the bonus, AND that you get the points before 90 days have passed from the Disney tickets purchase.

      Put another way, you’ll want to buy the tickets and meet the total min. spend requirement in close proximity just to be sure that you get the bonus and can make the redemption in time.

      Hope this helps!

      Reply
  3. Kappa says

    October 23, 2017 at 10:46 am

    Do you recommend adding an authorized user for this card?

    Reply
    • Kappa says

      October 23, 2017 at 10:49 am

      To clarify, is there anything negative about doing this in order to accrue spending quicker? Especially if we are planning on opening an account in the other person’s name…

      Reply
      • Thomas says

        October 23, 2017 at 11:16 am

        Good question, and it’s up to your personal preference. The main reason folks hesitate to add authorized users is because it may make it harder for that user to get approved for other cards. This has become more true in recent years, as a few creditors are much more stringent about how many cards you can have opened in a certain time frame (like no more than 5 cards in the last 24 months for example). So it may just come down to whether you and the user are planning to pursue more cards soon. This quick explanation might help, too:

        https://www.richmondsavers.com/must-know-credit-card-application-rules-for-chase-amex-citi-and-capital-one/

        Reply

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