The Capital One VentureOne Rewards Credit Card rarely gets much attention considering the size of the shadow cast by its big brother, the Capital One Venture Rewards Credit Card, and its national ad campaigns.
Although the latter gets much of the spotlight, the Capital One VentureOne Rewards Credit Card may be an enticing alternative if you can’t quite justify paying an annual fee.
Before jumping in with both feet and applying, it’s best to take a close look at everything this card has to offer. This Capital One VentureOne Rewards Credit Card review will help you decide whether or not this card is a good option for you.
Long 0% Intro APR Offer
Up to 5X miles
- 20,000 bonus mile welcome offer
- 0% introductory APR on purchases and balance transfers for 15 months
- 1.25X miles on every purchase, every day
- No foreign transaction fees
- No annual fee
- Other cards may offer higher rewards rate
- No intro APR for balance transfers
- Earn 20,000 bonus miles after spending $500 in the first 3 months
- 5X miles on hotels and rental cars booked through Capital One Travel and 1.25X miles on all other purchases
- Intro purchase 0% offer: 0% for 15 months then 14.99% to 24.99% (variable)
- Who should get the Capital One VentureOne Rewards Card?
- Card basics
- Capital One VentureOne Rewards Credit Card benefits and perks
- Drawbacks to the Capital One VentureOne Rewards Card
- Earning & redeeming Capital One Venture Rewards
- Capital One VentureOne Rewards Credit Card FAQs
- Other cards to consider
Who should get the Capital One VentureOne Rewards Card?
The Capital One VentureOne Rewards Credit Card has a few attractive benefits. Infrequent travelers and frequent flyers alike might appreciate the card's no-fuss rewards, with 5X miles on hotels and rental cars booked through Capital One Travel and 1.25X miles on all other purchases.
While there is a hefty bonus for travel booked through Capital One, your everyday purchases won't earn the highest rate around, so that's something to keep in mind. However, it's not completely ungenerous — especially considering the fact that there's a $0 annual fee.
If you're planning to make a large purchase or have debt to pay off, the card also offers a 0% intro APR for the first 15 months on purchases and a 0% intro APR on balance transfers for 15 months then 14.99% to 24.99% (variable), which allows you to take your time paying it off. This could be a low-cost way to fund a major expense, so long as you pay off the balance before the intro APR expires.
It's also important to note that there are two versions of this card, the Visa Platinum and the Visa Signature. Your creditworthiness will likely factor into which version you're approved for. Though both are similar, though the Visa Signature version offers a few added benefits. Generally, you'll need an excellent credit score to get approved for the Visa Signature card.
|Credit card issuer||Capital One|
|Credit card network||Visa|
|Early spend bonus||Earn 20,000 bonus miles after spending $500 in the first 3 months|
|Rewards rate||5X miles on hotels and rental cars booked through Capital One Travel and 1.25X miles on all other purchases|
|Recommended credit score||Excellent, Good|
|Intro APR||0% on purchases for 15 months then 14.99% to 24.99% (variable)
0% on balance transfers for 15 months then 14.99% to 24.99% (variable)
|Foreign transaction fee||None|
Capital One VentureOne Rewards Credit Card benefits and perks
- Early spend bonus: Earn 20,000 bonus miles after spending $500 in the first 3 months.
- $0 annual fee: Spend and earn however you want without being charged for it.
- Earn easy miles on every purchase: Earn 5X miles on hotels and rental cars booked through Capital One Travel and 1.25X miles on all other purchases.
- Intro APR on purchases: The long intro APR period gives you time to pay off big purchases before you incur interest.
- Intro APR on balance transfers: You could transfer your balance from a high interest credit card and work to pay it off without worrying about interest.
- No foreign transaction fees: It’s not much of a travel credit card if you have to pay a fee for every purchase made abroad. With this card, you don’t.
- Flexible travel redemption: How you fly and where you stay is up to you, as Venture miles aren’t tied to a specific airline or hotel. You can also transfer your miles to one of Capital One’s airline or hotel partners to help offset the cost of travel expenses.
- Car rental collision damage waiver: Put your next eligible auto rental on your Capital One VentureOne Rewards Credit Card and you’ll get secondary coverage to protect you against damage due to collision or theft.
- Travel accident insurance: Cardholders with the Visa Signature version of the VentureOne get travel accident coverage at no cost when they use their card to book trips.
Drawbacks to the Capital One VentureOne Rewards Card
- Lower earning rate: The Capital One VentureOne Rewards Credit Card offers a slightly lower earnings rate than its sister card, the Capital One Venture Rewards Credit Card. Venture cardholders earn 5X miles on hotels and rental cars booked through Capital One Travel and 2X miles on all other purchases.
Earning & redeeming Capital One Venture Rewards
Potential earnings in years one and two
Here's a look at how your miles can add up with the Capital One VentureOne Rewards Card. To calculate these values, we used a point valuation of 1.7 cents.
Remember, this is an estimation. The actual value will be determined by how much you spend and in which categories you spend.
Year one earnings: $1,052
Year two earnings: $712
These values are based on the FinanceBuzz Credit Card Rewards Valuation Model which takes a look at points earned via spending, the welcome bonus, and the annual fee.
Best ways to earn
The Capital One VentureOne Rewards Credit Card is a strong choice if you’re looking for a straightforward rewards credit card and have no desire to pay an annual fee while you build up your rewards.
You don't have to worry about tracking lots of complicated spending categories or juggling multiple credit cards to max out your rewards. The VentureOne card earns 5X miles on hotels and rental cars booked through Capital One Travel and 1.25X miles on all other purchases — and the miles you earn never expire.
Maximizing your redemptions
Redemption rates vary depending on how you choose to redeem your miles but generally range between 0.5 cents to 1.7 cents each. When you book travel through Capital One Travel, you get a fixed one cent per mile, flexible redemptions, and no blackout dates. In addition to travel, you can also redeem your miles for statement credits, cash back, or gift cards; however, those redemption options might offer less value.
When you transfer your miles to an airline partner, two of your miles might get you 1.5 partner miles — though this varies by airline, with some offering lower or higher transfer rates.
Capital One transfer partners
Capital One cardholders have the option to transfer their travel rewards to over 15 airline and hotel partners. The transfer ratio for your miles varies based on the loyalty program.
These ratios can also change over time, and it's important to be aware that not all transfers are instant. With certain programs, you can transfer miles immediately, but other transfers can take up to a few business days.
|Airline||Airline alliance||Transfer ratio|
|Air Canada||Star Alliance||1:1|
|EVA Air||Star Alliance||2:1.5|
|Singapore Airlines||Star Alliance||1:1|
|Turkish Airlines||Star Alliance||1:1|
Capital One also has two hotel partners, Accor Live Limitless (ALL) and Wyndham. Your Capital One Venture miles will transfer to Accor at a 2:1 ratio, though it's 1:1 for Wyndham.
Capital One VentureOne Rewards Credit Card FAQs
Is the Capital One VentureOne Credit Card worth it?
If you prefer a straightforward rewards program, not to mention a 0% intro APR on purchases for 15 months, this card could be a good fit. Plus, if you find yourself traveling abroad, you won’t be dinged each time you swipe your card, as there are no foreign transaction fees.
Whether the VentureOne is worth it or not really depends on how much traveling and spending you plan to do and how quickly you want to rack up miles.
How much are Capital One reward miles worth?
The value of your Capital One miles varies depending on the redemption option you choose. Redeeming for airfare, hotels, and other travel expenses will generally get you the most value, while redeeming for cash back will typically decrease the value of your miles.
What credit score do you need for the Capital One VentureOne Card?
To get approved for the Capital One VentureOne Card, you'll generally need good to excellent credit.
Does the Capital One VentureOne offer a 0% intro APR on balance transfers?
Yes, it offers a 0% intro APR on balance transfers for 15 months. After the intro period, the rate is 14.99% to 24.99% (variable).
What does it mean if I’m approved for the Visa Platinum version of the Capital One VentureOne?
Depending on your credit limit when approved, you’ll get one of two versions of the card — Visa Platinum or Visa Signature.
The Visa Platinum version of the card comes with basic protections and is for anyone approved with a credit line below $5,000. The Visa Signature version, on the other hand, is for those approved with limits of $5,000 or above. It comes with better perks, such as discounts, better protections, and premium benefits at the Visa Signature Luxury Hotel Collection.
Other cards to consider
The $0 annual fee of the Capital One VentureOne Rewards Credit Card definitely jumps out as a major selling point, but it might not be the best credit card for everyone.
The Capital One Venture Card, for instance, offers a higher early spend bonus: Earn 60,000 bonus miles after spending $3,000 in the first 3 months. This credit card also offers 5X miles on hotels and rental cars booked through Capital One Travel and 2X miles on all other purchases, and a $100 credit for Global Entry or TSA PreCheck application fees. It does come with an annual fee of $95, though. You can compare the Capital One Venture vs. Capital One VentureOne cards directly to see which better fits your needs.
Read our full Capital One Venture Rewards Credit Card review.
Another travel rewards credit card worth considering is the Chase Sapphire Preferred, which has a $95 annual fee. It offers a high-value sign-up bonus: Earn 60,000 points after spending $4,000 on purchases in the first 3 months. The bonus offer alone is worth $750 when you redeem for travel through Chase Ultimate Rewards. Cardmembers also get 5X points on Lyft rides (through March 2022) and travel booked through Chase Ultimate Rewards; 3X points on eligible dining, select streaming services, and online grocery purchases; 2X points on travel; and 1X points per $1 on all other eligible purchases.
Read our full Chase Sapphire Preferred review.
Long 0% Intro APR Offer
Earn 20,000 bonus miles after spending $500 in the first 3 months
See how these cards compare:
Capital One Venture Rewards Credit Card
- 60,000 bonus mile welcome offer
- 2X miles on every purchase, every day
- Up to $100 Global Entry or TSA PreCheck credit
- No foreign transaction fees
Chase Sapphire Preferred
- 60,000 point sign-up bonus
- 5X points on travel booked through Chase Ultimate Rewards
- 25% more value when redeeming rewards for travel through Chase Ultimate Rewards
- 10% anniversary point bonus each year
- $50 annual credit on hotel stays booked through Ultimate Rewards
- Premium travel protection benefits