Source: Business Insider

Capital One: The Capital One Venture card has a $95 annual fee, but it's not hard to break even thanks to 2x miles on every purchase

Crystal Cox/Business InsiderThe Capital One® Venture® Rewards Credit Card earns 2 miles per dollar on every purchase with no limits.There's an annual fee of $95 that's waived the first year, but your miles could be worth a lot more than if you use the card regularly and enjoy travel.If you spend $4,750 on the card in a year, you'll break even on the annual fee. New customers start with 50,000 bonus miles after spending $3,000 on purchases in the first three months.See Business Insider's list of the best travel rewards credit cards »There's little more exciting than jetting off into the sunset. One way to make it even more enjoyable is booking that flight (or other travel) with miles rather than cash. The Venture card from Capital One is the easiest way to earn and redeem miles for travel.Today we are going to take a look at exactly what you need to spend with the Venture card every year to break even on the $95 annual fee. By the end, you'll know if that fee is worth it for you or if you would be better off with a no-annual-fee rewards card instead.See the rest of the story at Business InsiderNOW WATCH: On Giving Tuesday, see how Bill Gates and Warren Buffett are changing the world like no other humans in historySee Also:We compared the Chase Sapphire Reserve and Amex Gold to determine the ultimate dining rewards card8 things I do with my credit cards now so I'm not sorry in JanuaryIf you overspent on holiday shopping, a balance transfer credit card can help you get back on track with a lower interest rate

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Based on data from Capital One's latest SEC filings

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Based on data from Capital One's latest SEC filings


Richard D. Fairbank's photo - Chairman & CEO of Capital One

Chairman & CEO

Richard D. Fairbank

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Capital One is a bank holding company that specializes in credit cards, home loans, auto loans, banking and savings prod... Read more