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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
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Current Offer
Earn a bonus of 20,000 miles once you spend $500 on purchases within 3 months from account opening
Annual Fee
$0
Rewards Rate
1.25X miles per dollar on every purchase, every day and 5X miles on hotels and rental cars booked through Capital One Travel
Benefits
- Earn a bonus of 20,000 miles once you spend $500 on purchases within 3 months from account opening
- 0% intro APR for 15 months on purchases and balance transfers, then 17.99% - 27.99% (variable) APR; 3% fee on balances transferred within the first 15 months
- 1.25X miles on every purchase, every day
- No foreign transaction fees
- No annual fee
Drawbacks
- Other cards may offer higher rewards rate
- $0 annual fee and no foreign transaction fees
- Earn a bonus of 20,000 miles once you spend $500 on purchases within 3 months from account opening, equal to $200 in travel
- Earn unlimited 1.25X miles on every purchase, every day
- Miles won't expire for the life of the account and there's no limit to how many you can earn
- Earn 5X miles on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options
- Use your miles to get reimbursed for any travel purchase—or redeem by booking a trip through Capital One Travel
- Transfer your miles to your choice of 15 travel loyalty programs
- Enjoy 0% intro APR on purchases and balance transfers for 15 months; 17.99% - 27.99% variable APR after that; 3% fee on the amounts transferred within the first 15 months
- 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 1.25X miles per dollar on every purchase, every day and 5X miles on hotels and rental cars booked through Capital One Travel.
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 balance transfers (then 17.99% - 27.99% (variable) APR). 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. There is a balance transfer fee of 3% fee on balances transferred within the first 15 months.
Card basics
| Card type | Travel |
| Credit card issuer | Capital One |
| Credit card network | Mastercard |
| Annual fee | $0 |
| Early spend bonus | Earn a bonus of 20,000 miles once you spend $500 on purchases within 3 months from account opening |
| Rewards rate | 1.25X miles per dollar on every purchase, every day and 5X miles on hotels and rental cars booked through Capital One Travel |
| Recommended credit score | Excellent, Good |
| Intro APR | 0% intro APR on purchases for 15 months, then 17.99% - 27.99% (variable) APR 0% intro APR on balance transfers for 15 months, then 17.99% - 27.99% (variable) APR; 3% fee on balances transferred within the first 15 months |
| Foreign transaction fee | None |
Capital One VentureOne Rewards Credit Card benefits and perks
- Early spend bonus: Earn a bonus of 20,000 miles once you spend $500 on purchases within 3 months from account opening.
- $0 annual fee: Spend and earn however you want without being charged for it.
- Earn easy miles on every purchase: Earn 1.25X miles per dollar on every purchase, every day and 5X miles on hotels and rental cars booked through Capital One Travel.
- 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 that may protect you against damage due to collision or theft.
- Capital One Entertainment: Receive special access to a variety of music, sporting, and dining events through the Capital One Entertainment portal. You have the option to use your rewards, your card, or a combination of the two to pay for tickets.
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 2X miles per dollar on every purchase, every day; 5X miles on hotels and rental cars booked through Capital One Travel and 5X miles per dollar when you book on Turo through May 16, 2023.
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 1.25X miles per dollar on every purchase, every day and 5X miles on hotels and rental cars booked through Capital One Travel — and the miles you earn never expire as long as your account remains open.
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 |
| AeroMexico | SkyTeam | 1:1 |
| Air Canada | Star Alliance | 1:1 |
| Air France | SkyTeam | 1:1 |
| Avianca | Star Alliance | 1:1 |
| British Airways | Oneworld | 1:1 |
| Cathay Pacific | Oneworld | 1:1 |
| Emirates | N/A | 1:1 |
| Etihad Airways | N/A | 1:1 |
| EVA Air | Star Alliance | 2:1.5 |
| Finnair | Oneworld | 1:1 |
| Qantas | Oneworld | 1:1 |
| Singapore Airlines | Star Alliance | 1:1 |
| TAP | Star Alliance | 1:1 |
| Turkish Airlines | Star Alliance | 1:1 |
| Virgin Atlantic (through Virgin Red) | N/A | 1:1 |
Capital One also has three hotel partners, Accor Live Limitless (ALL), Choice Privileges, and Wyndham Rewards. Your Capital One Venture miles will transfer to Accor at a 2:1 ratio, though it's 1:1 for Choice and 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 (then 17.99% - 27.99% (variable) APR), 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 17.99% - 27.99% (variable) APR. There is a 3% fee on balances transferred within the first 15 months.
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 Rewards Credit Card, for instance, offers a higher 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. This credit card also offers 2X miles per dollar on every purchase, every day; 5X miles on hotels and rental cars booked through Capital One Travel and 5X miles per dollar when you book on Turo through May 16, 2023, 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® Card, 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 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
Why We Like It
Earn a bonus of 20,000 miles once you spend $500 on purchases within 3 months from account opening
See how these cards compare:
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Capital One Venture Rewards Credit Card
- Earn a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening
- 2X miles on every purchase, every day
- Up to $100 Global Entry or TSA PreCheck® credit
- No foreign transaction fees
- 18.99% - 26.99% (variable) purchase APR
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Chase Sapphire Preferred® Card
- Earn 60,000 points after spending $4,000 on purchases in the first 3 months
- 5X points on Lyft rides and 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
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