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Capital One Venture Rewards Credit Card vs. Capital One VentureOne Rewards Credit Card: What Should Be in Your Wallet?

Although the VentureOne is a solid choice for the annual fee-averse, the Venture Rewards offer enough to justify its cost.

Updated Oct. 31, 2024
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Capital One Venture Rewards Credit Card

Capital One Venture Rewards Credit Card

4.7
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    Has a generous welcome offer
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    Offers up to $120 Global Entry or TSA PreCheck® statement credit
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    Has an easy rewards program and highly flexible travel redemptions
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    Doesn’t charge foreign transaction fees
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    Offers valuable travel protections
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Capital One VentureOne Rewards Credit Card

Capital One VentureOne Rewards Credit Card

4.0
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    $0 annual fee
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    Simple and elevated rewards on every purchase
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    Flexible redemption options
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    Intro APR offers on purchases and balance transfers
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    No foreign transaction fees
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Our view

The Capital One Venture Rewards Credit Card and Capital One VentureOne Rewards Credit Card share identical rewards structures and redemption methods. The biggest difference between the two cards is how many miles you’ll earn on your purchases, and the Venture comes out well ahead of the VentureOne. It also offers several benefits that frequent travelers might enjoy, but these perks come at a higher cost.

For most travelers, the Capital One Venture presents a value proposition high enough to justify the annual fee. The VentureOne is a decent option, but there are better $0-annual-fee credit cards on the market.

How we evaluate products

Capital One Venture vs. Capital One VentureOne

Capital One is one of my favorite credit card issuers. As a cardholder of the Venture X and the VentureOne (and a former cardholder of the Venture), I have a biased opinion on which cards are worth their weight in plastic. Here’s how the two stack up.

Capital One Venture Rewards Credit Card

Capital One Venture

Capital One VentureOne Rewards Credit Card

Capital One VentureOne

FinanceBuzz star ratings
4.7
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4.0
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FinanceBuzz value calculation1 Year one earnings: $1,521

Year two earnings: $771

Year one earnings: $731

Year two earnings: $531

Annual fee $95 $0
Welcome bonus Earn 75,000 bonus 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, 5 miles per dollar on hotels, vacation rentals and rental cars booked through Capital One Travel and 5 miles per dollar on Capital One Entertainment purchases through 12/31/25 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 None 0% intro APR on new purchases for 15 months, then 19.74% - 29.74% (Variable).

0% intro APR on balance transfers for 15 months, then 19.74% - 29.74% (Variable). Balance transfer fee applies.

Notable travel benefits
  • Global Entry or TSA PreCheck credit (up to $120)
  • Hertz Five Star status
  • $50 experience credit on every Lifestyle Collection stay
None
Foreign transaction fee None None
Credit needed Excellent, Good Excellent, Good
Learn More Learn More

When to go with the Capital One Venture Rewards

The Capital One Venture might be the better option if:

  • You want to enroll in Global Entry or TSA PreCheck
  • You want a higher earning potential at the cost of an annual fee
  • You can meet the spending requirement for the welcome offer

Better earning potential

The Venture Rewards Card earns 2 miles per dollar on every purchase, every day, 5 miles per dollar on hotels, vacation rentals and rental cars booked through Capital One Travel and 5 miles per dollar on Capital One Entertainment purchases through 12/31/25; 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.

This might not seem like a huge difference, but when you’re using your card for day-to-day purchases, this can quickly add up. I prefer earning as much as possible, so I’d recommend the Venture or Capital One Venture X Rewards Credit Card over the VentureOne.

Travel benefits

Although you’re paying an annual fee, you are getting benefits with the Capital One Venture Rewards Credit Card that can make it worthwhile. Cardholders receive up to $120 as a statement credit for the application fee for Global Entry or TSA PreCheck. I recommend Global Entry more frequently than any other program. I used my old Venture Card to cover my enrollment almost five years ago and will use my Venture X to pay for my renewal.

In addition, you’ll get Hertz Five Star status, which gives you complimentary upgrades (as available) and bonus points on bookings. If you book a stay at a Lifestyle Collection property through Capital One Travel, you’ll receive a $50 experience credit and room upgrades as available.

Although minor, these perks elevate your travel experience and make Venture a better option for frequent travelers.

When to go with the Capital One VentureOne

The Capital One VentureOne might be the better option if:

  • You want to take advantage of an 0% intro APR period for purchases or balance transfers
  • You don’t want to pay an annual fee

No 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. If you have several cards with annual fees, you know how quickly they can add up.

Introductory APR

The Capital One VentureOne Rewards boasts a 0% intro APR on purchases for the first 15 months of the new account. After that, the APR is 19.74% - 29.74% (Variable). There’s also a 0% APR for balance transfers for 15 months (then 19.74% - 29.74% (Variable)). Balance transfer fee applies.

On the other hand, the Capital One Venture Rewards Card doesn’t offer an introductory APR for purchases or balance transfers. Ideally, you won’t want to carry a balance on the Venture, as you can quickly accumulate interest. If you are planning a large purchase or have a high-interest balance on another card, you may prefer the VentureOne.

A closer look at the welcome bonuses

With the Capital One Venture Rewards Card, you can earn 75,000 bonus 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 substantially less value but provides a much more attainable spending requirement.

Consider alternative options

The Venture and VentureOne are both issued by Capital One, meaning their benefits and rewards structure are similar. However, there are some places where both cards fall flat, and you might want to consider cards from other issuers to fix these issues.

Both cards require excellent credit, which can be prohibitive for many consumers, especially those who might be in the market for a no-annual-fee option. Plus, apart from Capital One Travel bookings, there aren’t any ways to maximize your earnings or bonus categories you can take advantage of.

These cards are designed to be excellent options for everyday expenses. However, if you want to earn more miles per dollar in select categories, pair your Venture or VentureOne with a card from another issuer. I love pairing my Venture X with my Chase Sapphire Preferred® Card and various hotel and airline co-branded cards. This ensures that I’m earning at least two and up to six or more points per dollar I spend.

FAQs

Can you use Capital One Venture miles on any airline?

You can transfer your Capital One Venture miles to a select number of airlines but can use them to book travel on almost any airline through Capital One Travel. If you don’t see your favorite airline in the travel portal, you can always pay for your flight using your card and redeem your miles as a statement credit for that purchase.

How much are Capital One miles worth?

Capital One miles can be worth anywhere from 0.5 to 2 cents or more, depending on the redemption method. Utilizing transfer partners is the best way to get outsized value from your points.

Do Capital One Venture Card miles expire?

Your miles will never expire as long as your Capital One Venture account is open and in good standing.

Can you combine Capital One miles?

Yes, you can combine Capital One miles between several cards. I have the Venture X and the VentureOne and can combine the miles earned between both cards into one account.

Bottom line

If you like the idea of quick mileage accrual and easy redemptions, the Venture lineup has an option for you. The best option between these cards will depend on how much you’re willing to spend and which benefits you’ll use.

Before applying, analyze your spending habits, travel goals, financial situation, and current points and miles strategy. Capital One is one of my favorite issuers for a reason — whether you apply for the Venture Rewards or VentureOne Card, you’ll get plenty of benefits and great customer service.

Author Details

Erin Hurd

Erin has spent over a decade showing readers unique ways to make the most from their investments and personal finances. She’s a writer and editor whose work has been featured in many large investment publications, including International Living and The Daily Reckoning. She's passionate about harnessing the power of credit card rewards to travel the world. When she's not writing, she's planning her next adventure for her family of four using points and miles. She helps lead a large social media group dedicated to award travel and thrives on teaching others how to use points and miles to take dream trips.

Author Details

Harrison Pierce

Born and raised in North Carolina, Harrison had the radical idea to sell all his belongings and travel the world full-time with nothing but a suitcase and his cat, Isabelle. In July 2021, he bought a one-way ticket to Italy and never looked back.