What's so good about the Venture?

Can someone help me to understand this?  Lately around here I've been hearing a lot of talk about people applying for or wanting the Venture.  I'm just now starting to do my research and it's going to take me several days to get through all the recent threads.  I'm going to read all of them but I may get antsy and apply for something before then. I understand that your venture miles can be redeemed for statement credits on travel.  You get 2x miles on all purchases.  But wouldn't 2% from Citi DC or Fidelity Amex be the same thing but way better?  Even if you travel all the time, having the option to spend your points elsewhere can't be a bad thing right?  Plus the Venture has an AF.   So from where I'm sitting, the Venture looks way worse than Citi DC or Fido Amex even if you travel.  What am I missing here?
The signup bonus makes it worth the triple pull just barely, so I may apply if I can think of a good reason.  Convince me to apply for this card!  I don't care about a high limit on a card that won't be my main spender and has a high APR... I have 0% util so padding limits isn't useful to me.  Is that the only reason people are going nuts over this card? 

Revelate wrote:
core wrote:
Can someone help me to understand this?  Lately around here I've been hearing a lot of talk about people applying for or wanting the Venture.  I'm just now starting to do my research and it's going to take me several days to get through all the recent threads.  I'm going to read all of them but I may get antsy and apply for something before then. I understand that your venture miles can be redeemed for statement credits on travel.  You get 2x miles on all purchases.  But wouldn't 2% from Citi DC or Fidelity Amex be the same thing but way better?  Even if you travel all the time, having the option to spend your points elsewhere can't be a bad thing right?  Plus the Venture has an AF.   So from where I'm sitting, the Venture looks way worse than Citi DC or Fido Amex even if you travel.  What am I missing here?
The signup bonus makes it worth the triple pull just barely, so I may apply if I can think of a good reason.  Convince me to apply for this card!  I don't care about a high limit on a card that won't be my main spender and has a high APR... I have 0% util so padding limits isn't useful to me.  Is that the only reason people are going nuts over this card? Historically this forum goes all starry-eyed when creditors start handing out outsized limits. To be brutally honest, my Venture app - I don't care about the bonus, I do care about the limit not on that card, but when I go apply for a couple of cards I do care about (non-trivial lines on balance carrying cards just in case I need them to float in times of financial stress rather than just filing a BK and being done with it, even 3 months either way is enough time for me to get something to start paying down my debt). Beyond that don't need it, sitting on a CSP pre-approval which will be my long-term travel card, and I have a Fidelity Amex already though I wouldn't mind a CLI on that someday and for acceptance and online transaction fee reasons I'd rather have a Citi DC, but end of the day we've seen far too often that current limits beget future limits, and my limits are incredibly low compared to most people on this forum but now it's time to do something about that as I get close to credit card portfolio completion.  I don't need 200K limits, I do need more than the 34K I'm on now and I do need lower APR's than what I have access to now for financial defense reasons. Venture is part of the two step process to that for me, nothing more.My thought pattern exactly.

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    Tutorial DVDs:
    http://www.amazon.com/Final-Cut-Pro-Training-Tutorials/dp/B0024610ZC/ref=sr115?ie=UTF8&s=software&qid=1241043298&sr=8-15
    Shane

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