You’ve seen Jennifer Garner on your small screen touting the benefits of the Capital One Venture Rewards Credit Card for years. If you’re looking for an easy-to-use travel rewards credit card, it could be a great choice.
But did you know that the Capital One Venture Rewards has an alternative version? The Capital One VentureOne Rewards Credit Card is a bit of a mouthful, but for casual travelers who don’t want to pay an annual fee, this lesser-known card may be the best option.
Both the Venture and VentureOne Rewards cards are straightforward options that allow you to redeem your miles on almost any airline without any blackout dates or restrictions.
It’s important to know the key differences between the two before you decide which one is right for you. Let’s take a deeper look at the benefits of both of these Capital One credit cards.
Capital One Venture vs. Capital One VentureOne
Capital One Venture
Capital One VentureOne
|Early spend bonus||Earn a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening||Earn a bonus of 20,000 miles once you spend $500 on purchases within 3 months from account opening|
|Earning rate||2 miles per dollar on every purchase, every day and 5 miles per dollar on hotels and rental cars booked through Capital One Travel||1.25 miles per dollar on every purchase, every day and 5 miles per dollar on hotels and rental cars booked through Capital One Travel|
|Intro APR||N/A||0% intro APR on new purchases for 15 months then 19.99% - 29.99% (Variable)
0% intro APR on balance transfers for 15 months, then 19.99% - 29.99% (Variable), 3% fee on the amounts transferred within the first 15 months (or at a promotional APR that Capital One may offer you at any other time; No fee for amounts transferred at the Transfer APR)
|Foreign transaction fee||None||None|
|Credit needed||Excellent, Good||Excellent, Good|
|Learn More||Learn More|
What do the Capital One Venture and Capital One VentureOne Rewards have in common?
As their nearly-identical names would suggest, the Capital One Venture and VentureOne Rewards cards are close cousins and share several great benefits.
Both cards earn flat rates for everyday spending, which makes it easy to track. You won't have to juggle multiple credit cards to max out your earnings in certain spending categories, since you'll earn the same amount on every type of purchase.
The Capital One Venture Rewards and the Capital One VentureOne Rewards cards do earn different rates for everyday spending, with the Venture card earning a higher rate. If earning the max amount of rewards is your goal, the Venture card would be the better choice of the two — but don't forget to consider the card's annual fee before making your final decision.
Both versions earn miles from everyday spending that are very easy to redeem. There are no seat restrictions, no worry about award availability on certain dates, and no special partner portal to navigate. Just log into your account, click on your miles balance, and redeem right there.
Popular ways to redeem miles on both the Venture and VentureOne Rewards cards include “erasing” travel purchases with statement credits, booking new travel directly through Capital One, or cashing out miles for gift cards. All of these redemption options give you the ability to lock in a fixed value of one cent per mile.
Venture and VentureOne Rewards both also offer the ability to redeem miles for cash back. But since you’ll only get a cash value of 0.5 cents per mile this way, it’s usually not the best choice.
Another option to redeem miles with both the Capital One Venture Rewards and the Capital One VentureOne cards is to transfer miles directly to more than a dozen different airline partners’ loyalty programs, including:
|Aeromexico (Club Premier)||Cathay Pacific (Asia Miles)||Qantas (Frequent Flyer)
|Air Canada (Aeroplan)||Emirates (Skywards)||Singapore Airlines (KrisFlyer)|
|Air France-KLM (Flying Blue)||Etihad Airways (Etihad Guest)||TAP Air Portugal (Miles&Go)
|Avianca (LifeMiles)||EVA Air (Infinity MileageLands)||Turkish Airlines (Miles&Smiles)
|British Airways (Executive Club)||Finnair (Finnair Plus)||Virgin Red (Virgin Points)|
All Capital One miles transfer to airline partners at a ratio of 1:1 — with the exception of EVA Air, which transfers at a 2:1.5 ratio.
If you’re looking to book a low-priced economy ticket, the travel reimbursement option is usually the best way to redeem.
But in many cases, transferring Capital One Venture miles directly to a partner airline can unlock much higher value for them. If you’re willing to spend a little time learning how to navigate the award charts of some of these foreign airline carriers, you could redeem your Capital One miles for double (or even triple!) the fixed one-cent per mile value.
Watch out for special bonus transfer offers where you can get up to a 30% bonus on specific airline partners.
Capital One also has three hotel transfer partners: Accor Live Limitless, Choice Privileges, and Wyndham Rewards.
4 important ways the Capital One Venture and VentureOne Rewards are different
While these two cards are very similar on the redemption side, the Venture Rewards and the VentureOne Rewards have notable differences when it comes to earning miles. Considering these differences is important when you’re deciding which one is right for you.
1. Annual fee
The first important difference is the annual fee. The Capital One Venture Rewards carries an annual fee of $95. The VentureOne Card, however, has a $0 annual fee for as long as you have it.
2. Early spend bonus
There’s a big difference in bonus miles earned between the two cards, as well as in the amount of minimum spend required to earn the bonus.
The Capital One Venture Rewards will earn a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening. On the other hand, the Capital One VentureOne Rewards will earn a bonus of 20,000 miles once you spend $500 on purchases within 3 months from account opening.
The VentureOne Rewards Card offers less value in this category but also requires a much lower minimum spend; those with lower budgets may still get great use from the smaller bonus.
3. How much it earns
The Venture Rewards Card earns 2 miles per dollar on every purchase, every day and 5 miles per dollar on hotels and rental cars booked through Capital One Travel; the VentureOne Rewards Card earns 1.25 miles per dollar on every purchase, every day and 5 miles per dollar on hotels and rental cars booked through Capital One Travel.
That means for every $1,000 you spend on the Venture for general purchases, you’ll score 2,000 miles, while the same amount spent on the VentureOne would earn 1,250 miles.
4. Introductory APR
Here’s where the VentureOne may come out on top for some people. The Capital One VentureOne Rewards boasts a 0% intro APR (annual percentage rate) on purchases and balance transfers for the first 15 months of the new account. After that, the APR is 19.99% - 29.99% (Variable). There is a 3% fee on the amounts transferred within the first 15 months (or at a promotional APR that Capital One may offer you at any other time; No fee for amounts transferred at the Transfer APR).
The Capital One Venture Rewards, on the other hand, doesn’t offer an introductory APR.
Those who are planning a large purchase or have a high-interest balance on another card may find the VentureOne’s offer particularly attractive.
Which card is right for you?
If you like the idea of travel rewards that are easy to earn and redeem, both Capital One credit cards in the Venture family are good choices.
The Capital One Venture Rewards and Capital One VentureOne Rewards cards share identical options to redeem miles in simple, straightforward ways. You won’t have to worry about rotating bonus categories to earn extra miles, and you won’t be faced with any blackout dates or travel restrictions when you use the travel portal to redeem.
The biggest difference between the two cards lies in how many miles you’ll earn. With its 75,000 miles early spend bonus, the Venture Card comes out well ahead of the VentureOne in the first year, depending on how you redeem your miles. Those extra miles could go a long way toward your next trip.
The Capital One Venture Rewards also offers up to a $100 application fee credit for Global Entry or TSA PreCheck. These are great programs for domestic and international travelqw and can save you a lot of time at the airport. If you’re looking to sign up for one of these services, the Venture Card could be the right choice for you.
Annual fee is the other key distinction between the two Venture versions. If you’re strongly opposed to paying any annual fees, you may be happier with the Capital One VentureOne Rewards Card for the long term.
How much will you spend?
After the first year, here’s an easy way to know if the Capital One Venture Rewards or the Capital One VentureOne Rewards is best for you.
Will you spend at least $1,056 per month on the card? If the answer is yes, earning at least 2 miles per dollar on every purchase, every day with the Venture Rewards should offer enough value to outweigh the $95 annual fee.
Here’s how: If you spend $1,056 per month on the Venture Card, you’d earn 25,344 Capital One miles per year. That’s equal to $253 in travel credit. Once you subtract the $95 annual fee, you’re sitting on a net gain of $158.
That same $1,056 amount spent on the VentureOne Card would earn $158 in travel credits. So if you spend more than $1,056 each month, the larger earning power of the Capital One Venture Rewards should outweigh the annual fee.
If you won’t spend that much on the card but still want to enjoy a solid 1.25 miles per dollar earnings rate on every purchase, every day with an easy-to-use rewards program, the Capital One VentureOne Rewards Card is a safe bet.
Can you use Capital One Venture miles on any airline?
Yes! The great thing about Capital One miles is that they’re very versatile. You can either purchase your airline tickets directly on your Venture Card and then choose the "cover your travel purchases" option to be reimbursed, or you can book travel through the Capital One portal.
How much are Capital One miles worth?
Capital One miles have a fixed value of one cent per mile, as long as you redeem them for a statement credit, gift cards, or booking travel directly through Capital One. If you choose to redeem them for cash back, they’ll be worth only 0.5 cents each. And if you transfer your miles to an airline to cover the cost of airfare, the exact value of your miles will vary.
Do Capital One Venture Card miles expire?
As long as your Capital One Venture account is still open and in good standing, your miles will never expire. Plus, there’s no limit on the amount of miles you can earn.
Can you combine Capital One miles?
You can transfer your miles to a friend or family member with a Capital One miles-earning account easily. There’s no cost, and there’s no limit to how many miles you can transfer. Other major travel rewards programs may have stricter restrictions, if they allow sharing at all.
You can also transfer Capital One miles directly to your accounts with more than 15 different transfer partners.
The bottom line
The Capital One Venture and Capital One VentureOne could be good options if you are interested in a new travel credit card. Or you could consider one of the best travel credit cards for beginners. However, if these don't have the benefits you're looking for, you may want to consider an alternative such as the Chase Sapphire Preferred® Card or the American Express® Gold Card.
Similar to the Venture Card, the Chase Sapphire Preferred offers a generous sign-up bonus: Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. However, with the Sapphire Preferred, you can also earn 5X points on travel purchased through Chase Ultimate Rewards®; 3X points on dining, select streaming services, and eligible online grocery purchases; 2X points on all other travel purchases, and 1X points per $1 on all other eligible purchases points. Your points are also worth 25% more when you redeem them for travel through the Chase Ultimate Rewards portal.
While its $250 annual fee is relatively high, the American Express Gold Card is also a solid option with some benefits that you won't get with either the Venture or VentureOne cards. New Amex Gold cardholders can earn 60,000 Membership Rewards points after spending $6,000 in the first 6 months of account opening.
Additionally, this credit card offers generous rewards rates on popular spending categories, including 4X Membership Rewards points at U.S. supermarkets (up to $25,000 per year, after that 1X) and at restaurants, plus takeout and delivery in the U.S., 3X on flights booked directly with airlines or on Amextravel.com, and 1X on all other eligible purchases. You can also receive up to $120 in annual dining credits and up to $100 in annual hotel credits. If you can take advantage of these, it effectively reduces the card's annual fee to just $30 a year. Select benefits require enrollment.
If you're interested in comparing cards from different issuers, check out our picks for the best travel credit cards.
Easy-to-Earn Unlimited Rewards
- Earn 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases
- Earn 1.5 points per $1 spent on all purchases
- Longer intro APR on qualifying purchases and balance transfers
- No foreign transaction fees
- Apply Now
- Earn unlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees and your points don't expire.
- 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases.
- Use your card to book your trip how and where you want - you're not limited to specific websites with blackout dates or restrictions.
- Redeem points for a statement credit to pay for travel or dining purchases, such as flights, hotel stays, car and vacation rentals, baggage fees, and also at restaurants including takeout.
- 0% Introductory APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 18.24% - 28.24% Variable APR will apply. A 3% fee applies to all balance transfers.
- If you're a Preferred Rewards member, you can earn 25%-75% more points on every purchase. That means instead of earning an unlimited 1.5 points for every $1, you could earn 1.87-2.62 points for every $1 you spend on purchases.
- Contactless Cards - The security of a chip card, with the convenience of a tap.
- This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.
Earn 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases
Why we like it