March 8th, 2010
REVIEW: Newest Additions To Capital One’s Credit Card Family – Venture and VentureOne

Capital One recently rebranded two great travel rewards credit cards, the Capital One’s No Hassle Miles Excellent and No Hassle Miles Ultra for Professionals, into the new benefits and sleek look of the Venture Rewards Card and VentureOne Rewards Card.
The Venture Rewards Credit Card is replacing the No Hassle Miles Ultra for Professional while the VenureOne Credit Card replaces the No Hassle Miles Excellent. The two preceding No Hassle cards that have long been one of the best value travel rewards cards, so what can we expect with its chic changes?
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The VentureOne Card offers 1.25 miles per dollar on every purchase with no limit to miles you earn, an upgrade from the No Hassle Mile’s 1 mile per dollar earning power and the biggest change from the old card. The card also maintains the same great travel rewards and generous terms as its predecessor, with no black-out dates, any airline choice, and no expiration date on miles, and best of all, no annual fee. Also, take advantage of the intro promotion of 0% APR until February 2011.
The Venture Rewards Card offers 2 miles per dollar on every purchase, same as the No Hassle Miles Ultra, but includes the luxury upgrade of 10,000 bonus miles when you spend $1,000 in the first 3 months. Cap One also improved customer service benefits with new exclusive award-winning customer service and Visa Signature benefits like complimentary concierge and travel upgrades. However, there is an annual fee of $59, a bit steeper than the No Hassle Miles Ultra’s $39 fee. Cap One will waive the annual fee for your first year, and with better customer service and bonus miles, you might find its worth its price.
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If you are willing to splurge extra for the Venture Rewards Card, the better mileage earning power and customer service upgrades may appeal to those who travel often and in luxury. But if the price tag is too steep, the VentureOne card is still a great alternative with no annual fee and a better mile-to-dollar ratio than its predecessor.
One thing to keep in mind is that both cards require excellent credit, especially with these excellent travel benefits and rewards redemption. While there aren’t huge changes to the new Venture line, the two new cards are still a welcome step up in luxury, value, and mileage earning power than the No Hassle line. These credit cards are designed with jet-setters in mind, who will love earning miles faster and at a better redemption rate with these two new cards. We definitely can’t complain about better cards and better customer service. While it’s R.I.P to No Hassle Excellent and Ultra, Venture and VentureOne are poised to take their place as our favorite travel reward cards.
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