Over the past few weeks I’ve written about both the Barclaycard Arrival World Mastercard and the Capital One Venture credit card. Both are very similar in that you earn 2 points per dollar spent and there is a fixed redemption. But which one is better? I am going to write this post not taking into consideration the sign up offer as those offers change from time to time and it is a one time bonus.
The point of the post is to go over which card is better for every day spend, assuming you like the fixed redemption route. Of course many people will find a better value in the points and miles specific credit cards, but for the average person who is not looking to stay at a $1,000/night hotel in the Maldives or to fly business class, a fixed redemption can sometimes have a better value.
- Earning structure:
- Barclaycard Arrival: Earn 2 points per dollar spent
- Capital One Venture: Earn 2 points per dollar spent
- Barclaycard Arrival: 1 point = 1 cent, but if redeeming on travel you’ll get 5% back
- Capital One Venture: 1 point = 1 cent
- Annual fee:
- Barclaycard Arrival: $89/year, first year fee waived
- Capital One Venture: $59/year, first year fee waived
So which one will give you more points? If you plan on redeeming for travel, then it all comes down to how much you will spend on the card in a year. While the Barclaycard essentially gives you 2.1% back (which is higher than Capital One Venture’s 2% back), it has a higher fee by $30 a year.
Of course the first year with no annual fee, the Barclaycard is by far better regardless of how much you spend. Once the annual fee kicks in that is when things could potentially change. Once you start having to pay an annual fee, you need to spend at least $15,00 on your card over the course of the year to make the Barclarycard Arrival card worth it over the Capital One Venture card.
To avoid the annual fee overall though, you can get the Barclaycard Arrival World Mastercard and when the annual fee is about to hit you can downgrade to the no annual fee version of the card. With the no annual fee version you will still get the 5% back when you redeem your points for travel, but you will only earn 1 point1 on travel and dinning (whereas the fee version of the card you earn 2 point per dollar spent on all purchases).
If you are interested in one of these two cards (or both) solely based on the sign up offer, as of today the Barclaycard Arrival World Mastercard is offering 40,000 points after meeting the minimum spend requirements, while the Capital One Venture card is only offering 20,000 points. This means you will get a flat $440 towards travel with the Barclaycard Arrival and $200 with the Capital One Venture.
- Barclaycard Arrival World Mastercard – Earn 40,000 points after you spend $3,000 within the first 90 days; $89 annual fee waived the first year; Blog Post
- Capital One Venture – Earn 20,000 points after you spend $2,000 within the first three months; $59 annual fee waived the first year; Blog Post
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