Executive Summary -
Perhaps their fiercest competitor is the Capital One VentureOne Rewards card. And it is because they allow you to earn 1.25 "miles" per dollar. But is this enough to knock Amex off? Find out in this part of our review.
Another card is really closely resembles this card is the VentureOne Rewards from Capital One. Once again, both cards allow you to redeem your points for travel and you can book them with anyone. That means you are free to find the best deals on your own. You can then redeem points to get a statement credit after you book your travel. But once again, there are a couple of differences.
What Is the Value of Points - The value of the VentureOne Rewards is 1% (10,000 points gets you $100 for travel rewards). As we have mentioned before, Amex beats them here because the value of one point is 1.33% (7,500 Blue Sky points gets you $100 in travel value).
VentureOne Rewards 1.25 miles
- Unlike most rewards cards, the Capital One VentureOne allows you to earn 1.25 miles per dollar on all expenses. In this sense, it beats all other cards.
But when you net everything out, Amex comes out ahead because 1.33% value of points beats out 1.25% in earning capacity (but only just).
But the VentureOne also has a online shopping mall called Perk Central which allows you to earn up to 10 points/$1 on select merchants.
Cap One has no foreign transaction fee
- Like Discover, all Capital One cards have no foreign transaction fee. The FX fee for Amex cards are 2.7%.
Car Rental and Travel Accident Insurance - The VentureOne is a Visa card which means that the car rental and travel benefits are from Visa. Regardless of the level of Visa card you are issued, you will get the same Visa car rental policy, which is slightly superior to the Amex policy. Firstly, the coverage is not limited to $50,000 vehicle value. Secondly, it will act as a primary coverage overseas if your auto insurance only covers you domestically. The countries that are excluded when you travel abroad are also less (Jamaica, Israel and Ireland). Amex car rental also excludes Australia and New Zealand.
If you get approved for the Visa Signature version of the VentureOne, you will get travel accident insurance for a minimum of $250,000. It covers airline flights, cruises or any travel. There is also no cost as well.
In contrast, Amex covers you for $500,000 only for airline flights. Furthermore, you have to pay $4.95 per covered person.
Once again, in terms of value of points, the Blue Sky from American Express® beats out the Cap One (only just this time). However, Cap One has some strong features like their lack of foreign transaction fee and travel benefits that make it shine.
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