Capital One® Venture® Awards credit card launched a new introductory offer this week - 40,000 bonus miles when you spend $ 3,000 in the first 3 months. The bonus is generous, equal to $ 400 travel , and is complemented by unlimited gains of 2x reward miles Venture on every purchase. The miles you earn are easy to use too, just book your travel as you like with what airline / hotel / etc you prefer and redeem your miles as a statement credit against the charges. There are also no foreign transaction fees on purchases made outside the United States, which is a nice perk for international travelers. Venture fact have an annual fee of $ 59, but he waived the first year.
The Bonus Card Venture is very similar to the introduction of the premium Barclay Arrival World Elite Plus® MasterCard® offers (40,000 bonus miles after spending $ 3,000 within the first 90 days), making both cards great choices. The cards also earn the same number of miles (2x on all purchases) and the miles are redeemed from the exact same way. You can think of the miles 2x as an effective 2% cash back on every dollar you spend, as long as you redeem than 2% on travel. So what are the differences Cards?
In favor of the Venture card, anyone with a good, not only an excellent credit can be approved. Good credit is generally considered a FICO® Score in the range of 660-759. Contrast that with the fact that the arrival Barclay more World Elite MasterCard requires excellent credit, often considered a FICO® score above 760. In addition, an annual fee of the Venture card is $ 30 less than Barclay Check more World Elite MasterCard.
However, the arrival Barclay more World Elite MasterCard comes out on top in the category mile gain. The card offers a 5% bonus on the miles used for travel. This means that if you redeem 1,000 miles for travel, you get an extra 50 miles deposited into your account. Not a bad deal! This additional bonus of 5% to the card # 1 rated travel in our analysis of annual credit card travel rewards.
annual fee ofBarclay Arrival World Elite MasterCard is more slightly higher than the Venture card of $ 89 per year, with earnings in the first year waived as the Venture card. To make up the difference of $ 30 of costs between the two cards you would have to spend at least $ 30,000 a year, during which 5% Barclay point being bonus Arrival more World Elite MasterCard earn $ 30. Of course, in the first year, you would not pay a fee on each card.
Both the Venture card and Barclay arrival more World Elite MasterCard have chip technology (sometimes called EMV) integrated into their card. EMV is a method of providing secure transactions by credit card which is frequently used outside the United States, and may still be required by some non-U.S. Sellers to process a credit card transaction. The fact that these cards offer this technology means you can use the international map without worrying whether a seller will accept.
Overall, it is a question of the card you feel you are no longer eligible. If you have excellent credit and are confident that you will spend more than $ 30,000 on your card each year, the arrival Barclay more World Elite MasterCard will probably be the best choice. If your credit is in "good" or you can not charge you more than $ 30,000 per year on the card, the Capital One Venture Rewards credit card might be a better fit.
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