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For many, managing multiple credit cards with varying bonus categories can be daunting. However, fixed-rate rewards credit cards offer a straightforward solution by providing a consistent rate on all purchases. These cards simplify the process of earning points and miles without the need to track spending categories.
The Capital One Venture Rewards Credit Card is one such option. It offers a welcome bonus of 75,000 miles after spending $4,000 within three months. According to The Points Guy's January 2025 valuations, these miles are valued at 1.85 cents each, making the bonus worth $1,388. The card has an annual fee of $95 and earns five miles per dollar on travel booked through Capital One Travel and two miles per dollar on other purchases.
Redemption options for Capital One miles include travel at one cent per mile, gift cards between 0.8 and one cent per mile, online shopping at 0.8 cents per mile, and cash back at 0.5 cents per mile. For those willing to transfer their miles to airline and hotel partners, the value increases to approximately 1.85 cents each.
