Transferable points and miles are among the most valuable currencies for travel rewards due to their flexibility and anti-devaluation. ability transfer rewards to multiple loyalty program partners reducing the impact of devaluation on any given program.
Some popular transferable currencies include American Express Membership Rewards and Chase the ultimate reward. The problem for some is that getting and using these rewards requires a card with an annual fee, such as Platinum® Card from American Express (see rates and fees) or Chase Sapphire Reserverespectively (however, keep in mind that Not all annual fees are bad).
In Capital One’s portfolio of cards, there’s an often overlooked card that doesn’t charge an annual fee and still has transferable rewards: the card. Capital One VentureOne Rewards Credit Card.
Free annual fee Capital One SavorOne Cash Rewards Credit Card is the ideal addition to VentureOne because when you have both travel rewards and cashback cards from Capital One, you can move rewards between cards at the rate of 1 cent per mile. This means you can benefit from great cashback potential while still being transferable to partners.
This is why Capital One risk a and enjoy a The combined rewards card is one of the best annual free duos for travel rewards.
Earn miles
The risk a Card income is very simple. It earns 1.25 miles per dollar unlimited on every purchase and increases 5 miles per dollar on hotels and rental cars booked through Capital tourism.
Spend on popular restaurants, groceries, entertainment and streaming services, earn 3% cash back with enjoy a cards, is where this duo really begins to shine. This equates to 3 miles per dollar when the rewards go to VentureOne.
Plus, through November 14, 2024, cardholders get 10% cash back (10 miles per dollar) on Uber or Uber Eats Purchase.
Related: Best credit cards for dining
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Redeem flight miles
One of the biggest perks of free yearly risk a is the possibility transfer to a partner as an alternative to cash out by check or statement credit with enjoy a. This allows you to transfer miles or earn cash back when one presents a better value Than the other.
TPG values One Mile Capital at 1.85 every penny thanks to its valuable transfer partners, including Singapore Airlines KrisFlyer and British Airways Executive Club. The latter can be used to fly to and from London in style or for American Airlines domestic flights.
In addition, you can transfer miles to its hotel partners, including Accor live unlimited and Wyndham Rewards. Overall, this means you can use your rewards from these two cards to redeem flights and hotel stays, then pay any remaining taxes or fees with cashback.
Related: Why Wyndham is now my new favorite Capital One transfer partner
Welcome bonus without charge
The risk a The card’s sign-up bonus is 20,000 miles after you spend $500 on purchases in the first three months of account opening.
Sign up bonus for enjoy a the card gets $200 cash back after you spend $500 in the first three months of account opening. When you transfer the cash back to the VentureOne fund, you’ll earn the same 20,000 miles on both cards.
Upon fulfilling the minimum spend requirement for both cards, the combined bonus will result in 40,000 Capital One miles, worth $740 at TPG . valuation.
Aside from the welcome bonus, VentureOne and SavorOne do not charge an annual fee. Furthermore, none of the cards have foreign transaction fees. To help earn more rewards, there is no fee to add authorized users to the account.
Related: Best Free Annual Credit Cards
alternative option
Capital One offers a similar service card duo with two of its more advanced cards: the card Capital One Venture Rewards Credit Card X and Capital One Savor Cash Rewards Credit Card. And while both of these cards have annual fees, it can be easy to pay those fees in exchange for additional perks compared to options that don’t charge an annual fee.
When risk a comes with a welcome offer of 20,000 miles after spending $500 in the first three months, adventure X offers 75,000 miles after spending $4,000 within the first three months of account opening. This is almost four times more mileage than the welcome offer alone and can easily help fly home instead than an individual, or it may allow you to fly in business class rather than economy class.
The same is true for enjoy a vs Savor, earn $300 welcome bonus after spending $3,000 within the first three months instead of $200 bonus for spending $500 within the same timeframe. While both the Venture X and Savor cards have significantly higher minimum spending requirements than their respective cards, the increase can be worth it if you can get it right.
The Venture X has an annual fee of $395 while Savor’s annual fee is $95. However, by not paying the annual fee, you’re missing out on some perks with just the VentureOne and SavorOne cards.
For example, the adventure X only one $300 annual travel credit and the annual 10,000-mile anniversary bonus, which alone makes up for the annual fee. Additionally, an extra 2 miles per purchase instead of 1.25 miles on VentureOne will result in more miles.
This is in addition to the more luxurious perks of Venture X, such as lounge access worldwide and up to $100 in statement credits for TSA PreCheck or Global Entry.
Savor works similarly, offering 4 miles per dollar spent on restaurants and entertainment, compared to SavorOne’s 3 miles per dollar.
Information about the Capital One Savor Cash card has been independently collected by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.
Related: 12 ways to meet spending requirements and earn bonuses on new cards
bottom line
While the signup bonus and gross return on purchases are lower than their premium counterparts, the Capital One VentureOne and SavorOne Rewards cards still do not charge foreign transaction fees and the ability to combine and transfer miles to the same great partner.
For those looking for a no-frills card that allows them to travel inexpensively, the VentureOne and SavorOne duo are a great option for accessing transferable rewards.
