How high are Capital One credit card annual fees?

Many of the market’s best overall credit cards charge annual fees. And while that’s counterintuitive in the sense that no one would opt for a card with a fee over a no fee card if all else were equal, you have to remember that other factors are in play. In most cases, rewards are the explanation.… read full answer

It doesn’t really make sense to pay a fee to use a 0% credit card, after all, since your goal in that situation is to reduce the cost of your debt. But paying a fee for one of the best rewards cards can help you get the most total value. It just depends on your spending habits and available options. You generally won’t qualify for rewards worth paying for until you have at least good credit.

So the moral of the story is that you can’t assume a no fee credit card is automatically better than a card with a fee. You have to compare the total package offered by each to see which is right for your particular needs.

The best Capital One travel card is the Capital One Venture Rewards Card because it offers 50,000 bonus miles for spending $3,000 in the first 3 months and gives at least 2 miles per $1 on all purchases. Bookings made on hotels.com/venture yield 10 miles per $1. Capital One Venture’s initial bonus alone is worth $500 in travel, more than covering the cost of its $95 annual fee ($0 the first year). As a result, the Venture Card is more than just the best Capital One travel card; it’s one of the best travel credit cards from any issuer.… read full answer

But in a sense, every Capital One credit card is a good travel card. Capital One is one of just a few credit card companies without foreign transaction fees on any of their cards. Plus, Capital One’s travel cards are special in the sense that cardholders can redeem rewards for statement credits to pay for any travel purchase charged to the account. This adds flexibility in travel booking without sacrificing any value.

Several of Capital One’s other offers do stand out above the rest, though. For example, the VentureOne Card is the best Capital One travel card with no annual fee. And the SavorOne Card’s dining and entertainment rewards are great for vacation fun. It just depends on what exactly you’re looking for.

Best Capital One Travel Cards:

• Capital One Venture Rewards – Best overall
• Capital One VentureOne Rewards – Best for no annual fee
• Capital One SavorOne Cash Rewards – Best for dining
• Journey Student Rewards from Capital One – Best for students

Capital One VentureOne Rewards is the best Capital One travel card for no annual fee because it combines a $0 annual fee with a sizeable bonus: 20,000 miles for spending $1,000 in the first 3 months. That’s worth $200 in travel. It also offers 1.25 miles per $1 spent on purchases (10 at hotels.com/venture). Venture One has a 0% intro APR on purchases for 12 months. The card requires good credit.

When it comes to dining, the Capital One SavorOne Cash Rewards card is the best because it gives 3% cash back at restaurants, 2% on groceries and 1% on everything else. There’s also a $150 bonus for spending $500 in the first 3 months. SavorOne has a $0 annual fee. Plus, it has a 0% intro APR on purchases and balance transfers for 9 months. SavorOne requires good credit.

Students looking for the best Capital One travel card will appreciate Journey Student Rewards. It offers 1% cash back on all purchases to students with limited or fair credit. And that increases to 1.25% if you pay your bill on time. There’s a $0 annual fee.

You’ll need good credit to take advantage of Capital One’s best travel cards. But if you currently have bad credit, you’re not out of luck. The Capital One Secured Mastercard may not have rewards, but it doesn’t have an annual fee or a foreign transaction fee, either.

Travel credit cards are worth it if they save you more than they cost you and if they provide better value than your other credit card options. In other words, the card’s rewards and benefits should outweigh the fees. And its net value – rewards and benefits, minus fees – should be higher than what other comparable cards offer. A credit card is not truly worth it if getting that card means bypassing a better deal.… read full answer

Nearly all of the best travel credit cards charge an annual fee. But there are plenty of benefits that reduce the impact of such a fee. For example, an initial bonus is one factor that can easily make a travel credit card worth getting. The best travel rewards cards offer sizeable bonuses when you meet minimum spending requirements in the first year. Top initial bonus offers cover the cost of their card’s annual fee for several years.

Typically, you can redeem a travel card’s rewards for travel-focused purchases such as airfare or hotel stays, as well as other options like gift cards, merchandise or cash. The value of those rewards varies by card. But in many cases, you’ll get the most value when you redeem for travel.

If you’re not sure what travel card would be right for you, WalletHub has picked out a few popular options for you to compare.

Travel credit cards that may be worth it:

• Capital One® Venture® Rewards Credit Card
• Chase Sapphire Preferred® Card
• Wells Fargo Propel American Express® card
• Discover it® Miles
• Hilton Honors American Express Surpass® Card
• Ink Business Preferred℠ Credit Card

People who frequent a specific hotel or airline may get the most value from co-branded travel cards that offer enhanced rewards for loyal customers. Common perks on such cards include free checked bags, seat or room upgrades and lounge access. However, you’ll lose the flexibility for earning and redeeming rewards that you would get with a general travel card. Co-branded travel cards tend to give the best rewards at their affiliated airline or hotel, and your rewards are usually tied to that company’s rewards program.

The travel credit cards that are most worth it for international travel are ones that come with no foreign transaction fee. Foreign transaction fees can be as costly as 3% of each purchase made with a foreign merchant. But luckily, most travel cards don’t have this fee.