If you're a frequent flyer, you likely know the pain of searching for and obtaining the best travel credit card for your travel habits and spending. There are points here, and miles there. Some cards work with specific hotel chains only. Others are a hassle. If you’re new to the world of travel credit cards, the array of options can be even more overwhelming.

Enter the Capital One Venture Rewards Credit Card. With at least 2x points on all spending across the board, an impressive roster of transfer partners and some new perks in the pipeline, this is a solid starter card if you’re looking for something high on value but low on complexity.

Of course, there’s the annual fee of $95 to consider.

To help you decide if the Capital One Venture Rewards Credit Card is the right card for you, we’ll take a look at whether the perks outweigh the annual fee.

The best perks of the Capital One Venture Rewards Credit Card

2x miles on every purchase, plus 5x on hotels and rental cars booked through Capital One Travel

Depending on your approach to earning miles, the Venture card’s simple-as-can-be rewards rate of 2x miles can be a big draw. You don’t need to think about where you’re doing your spending or what you’re buying.

There is just one bonus spending category where you could earn even more miles. If you book hotels or rental cars through Capital One Travel, you'll earn 5 miles on every dollar.

And these points don’t expire for the lifetime of your account.

The welcome bonus

This card comes with a nice welcome bonus: Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel.

Capital One Venture miles are worth 1.4 cents each according to NerdWallet's most recent analysis, which means the bonus is good for more than $1,050 worth of travel purchases if you use transfer partners. If you book in the Capital One Venture travel portal, points are worth 1 cent each.

Redeem miles for statement credit against travel purchases

You can redeem these miles against any travel purchases on your statement at a rate of 1 cent per mile, which gives you more flexibility to redeem points than booking through a credit card issuer’s travel portal.

Capital One's definition of a travel purchase is broad, so you could redeem miles for spending on rideshare apps, car rentals, taxi cabs and Airbnb stays.

Transfer partners

Capital One cardholders can choose to spend their miles with more than 15 different hotel and airline transfer partners. Transfers can be made in 1,000-mile increments, with a handful of 1:1 partners, including Qantas, Finnair, Wyndham and Etihad.

Though most transfers will get you either 500 or 750 airline miles for every 1,000 Venture miles, if you find the right sweet spots, you could possibly get more than the 1 cent baseline value per point out of the transfer.

TSA PreCheck or Global Entry credit

Anyone who’s ever made their way through an airport knows the ordeal of waiting in line at security. If you often find yourself muttering under your breath while the person in front of you struggles to untie their shoes, this card provides a bit of relief.

The Capital One Venture Rewards Credit Card can help you skip the line due to its $100 in statement credit toward TSA PreCheck or Global Entry application fees. Since this covers both fees in full ($78 for TSA PreCheck or $100 for Global Entry), this perk’s an easy choice at either level.

You get one statement credit per account every four years, which works out perfectly since both PreCheck and Global Entry are valid for five years. You can just keep renewing at no cost to you.

No foreign transaction fees

Like many of the more basic travel cards out there, the Capital One Venture Rewards Credit Card carries no foreign transaction fees, which can save you up to 3% on transactions abroad. This benefit is the bare minimum of what you should expect from a travel credit card, and it’s especially important for people who travel internationally.

And while the simplicity of the Capital One Venture Rewards Credit Card makes it a great choice for newcomers to the world of points and miles, there are some features (with a few exciting new ones on the way) that set it apart from those more bare-bones travel cards.

Flexible spending via PayPal Pay with Rewards and Amazon Shop with Points

Link up your Capital One Venture Rewards Credit Card with PayPal and you’ll be able to redeem your rewards at millions of online retailers through the Pay with Rewards feature.