Transferable points and miles are one of the most valuable currencies for travel rewards due to their versatility and resistance to devaluation. Rewards can be transferred to multiple loyalty program partners, reducing the impact if one program loses value.
Popular remittance currencies include American Express Membership Rewards and Chase Ultimate Rewards. Part of the problem is that in order to get and use these perks, you have to hold a card with an annual fee such as: American Express Platinum® Card (see Fees and Fees) or Chase Sapphire Reserverespectively (but note that not all annual fees are bad).
Capital One has an often overlooked no annual fee card in its portfolio of cards. Capital One VentureOne Rewards Credit Card.
No annual fee Capital One SavorOne Cash Rewards Credit Card If you have both a Capital One Travel Rewards card and a cashback card, it’s an ideal complement to VentureOne as you can transfer rewards between cards at a 1-cent to 1-mile ratio. This means you can enjoy excellent cashback earning potential while sending money to your partners.
Here’s why the combined Capital One VentureOne and SavorOne Rewards Card is one of the best no annual fee travel rewards cards.
of Venture One Card earnings are simple. Earn 1.25 miles per dollar spent on unlimited purchases and earn 5 miles per dollar spent on hotel and rental car bookings through Capital One Travel.
3% cash back on purchases at restaurants, grocery stores, entertainment and popular streaming services Savor One Card, this is where this duo really starts to shine. Once the rewards are transferred to her VentureOne, this equates to 3 miles per dollar.
Plus, through November 14, 2024, cardholders can earn 10% cash back (10 miles per dollar spent) on purchases made with Uber or Uber Eats.
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The biggest advantage of no annual fee Venture One Ability to send money to partners instead of cashing via check or statement credit. Savor OneThis allows you to transfer miles or earn cash back when one shows better value than the other.
TPG rates Capital One Mile at 1.85 cents per mile, thanks to valuable transfer partners such as Singapore Airlines’ KrisFlyer and British Airways Executive Club. The latter can be used in style to/from London or for American Airlines domestic flights.
Additionally, you can transfer your miles to hotel partners such as Accor Live Limitless and Wyndham Rewards. All in all, this means you can use the rewards from these two cards to redeem them for flights and hotel stays, with cashback covering the remaining taxes and fees.
RELATED: Why Wyndham Is My New Favorite Capital One Transfer Partner
no commission welcome bonus
of Venture One The card sign-up bonus is 20,000 miles for every $500 purchase made within 3 months of opening the account.
sign up bonus Savor One The card offers $200 cash back for spending $500 in the first 3 months of account opening. Transfer cash back to his VentureOne miles and both cards get the same 20,000 miles.
If you meet the minimum redemption requirements for both cards, you’ll earn a combined bonus of 40,000 Capital One Miles (equivalent to $740 TPG valuation).
In addition to the welcome bonus, VentureOne and SavorOne have no annual fee. Additionally, there are no foreign transaction fees on either card. There is no charge to add authorized users to your account to earn more rewards.
Related: Best credit cards with no annual fee
Capital One offers a similar card duo with a more premium 2 card. Capital One Venture X Rewards credit card Capital One Savor Cash Rewards credit card. And while both of these cards have an annual fee, it easily makes sense to pay an annual fee in exchange for additional perks compared to the no annual fee option.
on the other hand, Venture One Comes with a welcome offer of 20,000 miles when you spend $500 in the first 3 months. Venture X offers 75,000 miles if you spend $4,000 within the first three months of account opening. That’s almost four times the miles for the welcome offer alone, and easily helps families fly instead of individuals. Or you can fly business class instead of economy.
the same thing Savor One Savor gets a $300 welcome bonus for spending $3,000 within the first three months, instead of a $200 bonus for spending $500 in the same period. Both the Venture X and Savor cards have significantly higher minimum spend requirements than their counterparts, but if you can complete that, the increase is worth it.
Venture X has an annual fee of $395, while Savor has an annual fee of $95. However, by not paying the annual fee, you lose access to some benefits with just the VentureOne and SavorOne cards.
for example, Venture X With $300 in annual travel credits and a 10,000 mile anniversary bonus, this alone is enough to cover the annual fee. Or you can get more miles by increasing the payment multiplier of 2 miles per purchase instead of his 1.25 miles on VentureOne.
This is in addition to Venture X’s more luxurious perks, including lounge access worldwide and up to $100 in TSA PreCheck or Global Entry statement credits.
Savor works similarly, offering 4 miles for every dollar spent at restaurants and entertainment compared to 3 miles per dollar for SavorOne.
The information on the Capital One Savor Cash card has been independently collected by Points Guy. Card details on this page are not verified or provided by the card issuer.
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Sign-up bonuses and overall earnings on purchases are lower than premium cards, but Capital One VentureOne and SavorOne Rewards cards still have no foreign transaction fees and offer the ability to combine and transfer miles to the same great partners .
For those looking for a no-frills card to travel on the cheap, the VentureOne/SavorOne duo is a great option for accessing transferable benefits.