![]() If you’re strategic about using the card to book travel and car rentals through Capital One Travel, you can earn 5 miles for every dollar spent, which is about as generous a rate as you are likely to find among similar cards. Those rewards have a value of roughly a penny a mile if you redeem them in the issuer’s proprietary Capital One Travel program, but less if converted to cash by using the miles for a statement credit or gift cards. And that’s without having to think about which categories earn more. This card’s generous reward rate of 2 miles per spent on everyday purchases means a household that charges $3,000 a month-in-line with spending for Wall Street Journal subscribers-will earn at least 147,000 miles in the first year (calculated with a 75,000 intro bonus), and 72,000 miles in subsequent years. Bottom line: This might be the only credit card you need in your wallet, making it ideal for someone that wants to earn rewards but isn’t a credit card obsessive. Most competitors offer just 1 mile per dollar spent. The 2 miles per dollar earned on general spending is also convenient for those who want to rack up rewards without juggling multiple credit cards. Alternatively, you can transfer them to 18 different airline and hotel loyalty programs to make them go even further. The rewards are very flexible too-you can redeem them at a rate of 1 cent per mile towards any travel purchase. While there is a $95 annual fee, that is much smaller than fees you will find on may top travel cards. The Capital One Venture Rewards Credit Card is our pick for best overall travel rewards card because it checks all the boxes: It has a substantial sign-up bonus, generous ongoing rewards, plus a good amount of extras.
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