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Wellness Rewards Card

Posted in Uncategorized | August 27th, 2011

Capital One Venture Card Rewards Deal Question?

I noticed that there are some limited-time offers in my area that I can use my Venture Card for. One of these says 10 bonus miles on purchases of $50 or more. It’s quite easy to purchase that much at this store because it’s a health and wellness store, and I tend to buy at least $80 worth of protein powder there at a time. Anyway, will I get 12 miles (2 + 10 bonus miles) for every dollar spent, or just for every dollar over $50 dollars?

Getting 960 miles for $80 seems too good to be true.
I understand the monetary value. I also understand that most people likely will never redeem the mileage considering you need 100 x (the price of the ticket) to get a ticket. Yet, I travel often for my job, hence I rack up mileage much faster than most people, given the cost of round trip tickets, rental car, hotel, etc.(which I expense). This is why I go for mileage opposed to cash back rewards. I do believe Capital One will credit your mileage back in the form of cash if you want though.

960 miles equals about $9.60
Note about these airlines miles.
They are extremely hard to redeem.
Most people never use them in a lifetime.
Why not get one of their cards that gives you 1% cash back?
Article after article states that you are better off with this