Is this the best travel rewards card?
By Maria Mercedes Galuppo, Buzz60
With the holiday season just around the corner there will be plenty of time to travel for lots of folks.
Want to do it on the cheap or cheaper? You can with the help of your credit card.
Make the best out of your everyday shopping with what seems to be one of the ultra-high paying travel rewards card.
See more related to this story:
LendingTree Credit Cards Reviews studied credit cards information and asked themselves the question "is Capital One's Venture Rewards the besttravel card on the market?"
The answer was "a short and strong yes, but you need to have excellent credit to qualify for the card.
When it comes to how much rewards you earn per dollar spent, the Venture card led with 2 miles per dollar spent in comparison with other cards that only give you on and apply certain restrictions.
Venture card's annual fee is $59 and the fee is waived the first year, compared to Chase's Sapphire $95 annual fee or The Barclaycard Arrival Plus card with $89.
New card holders will earn a bonus 40,000 miles, valued in $400, if $3,000 are spent in the first 3 months. Compared to other rewards card like Blue Cash Preferred Card from American Express that offers $350 or Chase's Freedom which only offers $150 in bonus value
Some cards have restrictions when it comes to claiming rewards, the Venture allows you to redeem them at any airline, any hotel, without blackout dates.
A lot of high rewards card charge transaction fees when traveling, you won't be paying foreign transaction fees with this card.
Interest rate is 13.24% compared to similar cards with a 15 percent plus rate.