Our take: The Capital One VentureOne Rewards Credit Card is a solid choice for earning unlimited travel rewards that can transfer to partners without paying an annual fee.
Capital One VentureOne Rewards: Overview
Card type: Travel rewards, 0% APR, Balance transfer
With the Capital One VentureOne Rewards Credit Card , you'll earn unlimited rewards that you can redeem in multiple ways, including transfers to airline and hotel partners. It earns 1.25x miles on every other purchase and 5X miles when booking travel through Capital One. For new accounts, there's also a welcome bonus that's simple to earn with a low minimum spending requirement. Plus, the card includes an intro APR offer on both balance transfers and purchases for more than a year. While the card has limited benefits, it has no annual fee or foreign transaction fees, which makes it a solid card to earn flexible rewards for the long haul.
Who is Capital One VentureOne good for?
The Capital One VentureOne is a good option for consumers who want to earn flexible rewards without paying an annual fee. It earns unlimited rewards on every purchase, which can be redeemed for cash back, travel, gift cards and more. Unlike Chase Freedom cards, rewards earned from the VentureOne can be transferred to Capital One airline and hotel partners without requiring you to have a second credit card.
Consumers who need extra time to pay off their balances will also benefit from the card’s intro APR offer. It includes 0% interest for 15 months on both purchases and balance transfers. This promotion provides more than a year to pay off balances without incurring any interest charges.
Who shouldn’t get Capital One VentureOne?
Consumers who want to earn higher rewards on purchases should consider other purchases. The VentureOne’s 1.25x miles is relatively weak compared to cards like the Chase Freedom Unlimited or the Citi DoubleCash. Additionally, the VentureOne card doesn’t offer bonus categories (aside from booking hotels and rental cars through its travel portal) where you can maximize rewards on spending.
VentureOne Rewards: Rewards
There are four primary methods of earning miles with the Capital One VentureOne credit card.
Welcome bonus
When you open a new VentureOne credit card, you can earn 20,000 miles after spending $500 on purchases within 3 months from account opening.. These miles are worth $200 in travel booked through Capital One or directly with travel providers. Miles may also be transferred to more than 15 airline and hotel loyalty programs for a potentially higher value.
Everyday purchases
The Capital One VentureOne Rewards Credit Cardoffers a simple rewards structure:
- 5x miles on hotels and rental cars booked through Capital One Travel
- 1.25x miles on every other purchase
You’ll earn unlimited 1.25x miles on every purchase you make with the Capital One VentureOne Card. Although it doesn’t have bonus categories, you’ll earn 25% more rewards than other cards on everyday purchases.
Booking through Capital One Travel
Capital One incentivizes cardholders to book their trips through its travel portal by offering additional rewards on select reservations. The VentureOne earns unlimited 5x miles on hotels and rental cars through the Capital One Travel portal. All other reservations, including flights, earn the standard 1.25x miles.
Refer new applicants
If you enjoy your card and want to refer others, you'll earn miles when they get approved through your referral link. The number of miles received varies based on which card they apply for. VentureOne cardholders can earn 10,000 miles for each referral and up to 50,000 miles per year. For more information, log into your Capital One account online or through the bank’s mobile app, then select “Refer a friend” within your credit card details.
How to redeem VentureOne Miles
The VentureOne credit card earns flexible rewards with numerous redemption options. Here’s how to redeem your miles for maximum value.
Book trips through Capital One Travel
Cardholders can book travel through Capital One Travel using miles at a value of 1 cent each. Through this travel portal, you can book flights, hotel rooms, rental cars and more. Although you're using your Venture miles to book travel, you may earn rewards from the airlines, hotels and rental car companies directly.
Cover travel purchases
Customers have 90 days from the transaction date to cover eligible travel purchases made with the VentureOne credit card. This allows you to book any airline, hotel or other travel provider without worrying about blackout dates. As long as the purchase codes as travel, it can be covered with your miles. When redeeming miles for these purchases, you can choose to cover a portion of the charge or the entire amount.
Transfer miles to airline and hotel partners
Capital One partners with more than 15 airline and hotel loyalty programs where you can transfer your miles. In most cases, your miles transfer on a 1:1 basis in increments of 1,000 miles. These partners include Air Canada, Cathay Pacific, Choice Hotels, Qantas and Wyndham Hotels.
Other redemption options
Your miles can also be redeemed for cash back, gift cards, online shopping and more. However, these redemption options tend to offer lower value than the methods mentioned above. If you aren’t traveling soon, these options can help you find value with your rewards rather than allowing them to go unused.
Capital One VentureOne rates and fees
- Annual fee: None
- Foreign transaction fee: None
- Purchase APR: 19.99%, 26.24% or 29.99% variable, based on creditworthiness
Additional benefits
In addition to the ability to earn miles back on spending, the Capital One VentureOne Rewards Credit Card also offers the following perks and benefits:
- No foreign transaction fees. Avoid hidden charges of up to 3% when making purchases outside the U.S. Many cards with no annual fee do not waive this fee.
- Rental car insurance. Your rental car is covered with secondary damage or theft coverage when using your card.
- Credit report monitoring. Get free alerts when there are changes to your Transunion or Experian credit reports. These warnings can help you maintain excellent credit and minimize the impact in case of fraud.
- Authorized users. Add authorized users to your account for free to earn additional rewards and help them build credit.
- Travel accident insurance: When you use your card to purchase your fare, you get automatic insurance for a covered loss at no extra charge.
- Extended warranty: Items purchased with your card get additional warranty protection at no charge. This benefit is limited to no more than the original price of the purchased item, minus shipping and handling fees, up to a maximum of $10,000 per claim and $50,000 per cardholder.
Credit cards similar to Capital One VentureOne Rewards
The VentureOne card provides unlimited rewards without charging an annual fee. However, other cards may be a better fit based on your spending habits and how you want to redeem your rewards. Compare these no-annual-fee cards before submitting your application.
Chase Freedom Unlimited vs. Capital One VentureOne
With the Chase Freedom Unlimited, you'll earn more rewards on everyday purchases than the VentureOne card. It earns an unlimited 1.5% cash back on every purchase, which is 20% higher. Plus, the cash back increases to 3% on dining and drugstore purchases and 5% on travel booked through Chase.
Similar to the VentureOne, the Chase Freedom Unlimited card includes a $200 welcome bonus after spending $500 within three months and a 0% intro APR on purchases and balance transfers for 15 months. However, the major downside is that the Freedom Card cannot transfer to airline and hotel partners without pairing it with an eligible Chase card.
Citi Double Cash vs. Capital One VentureOne
The Citi Double Cash earns an unlimited 2% cash back on every purchase. You'll receive 1% when you make a purchase plus an additional 1% as you back off your balance. It also offers a $200 welcome bonus, but its spending requirement of $1,500 within six months is three times higher than the VentureOne card. New cardholders get a 0% intro APR on balance transfers for 18 months. However, this promotion does not include purchases in the intro rate.
Although this card has no annual fee, there are some limitations and fees to be aware of. ThankYou Points earned with the Citi Double Cash are eligible to be transferred to a limited number of partners, including Choice, JetBlue and Wyndham. When traveling outside the U.S., there is a 3% foreign transaction fee. It also does not include valuable benefits like rental car protection or an extended warranty.
Is the Capital One VentureOne Rewards Card right for you?
The CapitalOne VentureOne is an excellent choice for consumers who want an easy entry to the Venture Miles loyalty program. It has no annual fee and earns an unlimited 1.25X miles on every purchase or 5X when booking travel through Capital One. This ensures you're earning maximum rewards on every purchase without worrying about bonus categories or limited-time promotions. Plus, new cardholders can qualify for a welcome bonus and use the intro APR offer on purchases and balance transfers. Miles can be redeemed in multiple ways, including transferring to any airline or hotel loyalty program that Capital One partners with.
Frequently asked questions
Is it hard to get a Capital One VentureOne card?
The VentureOne card requires excellent credit for the best approval odds. According to Equifax, this translates into an 800 FICO score. Use the Capital One prequalification tool to see if you qualify, or take steps to boost your credit score before applying.
What kind of card is VentureOne?
The VentureOne card is a rewards credit card that earns flexible points. Capital One issues both Visa and Mastercard, and you'll be issued one or the other if you are approved.
Is VentureOne or Quicksilver better?
Both credit cards earn unlimited rewards on every purchase without charging an annual fee. The Quicksilver card earns 1.5% cash back on every purchase, which is a higher rate than the VentureOne. While the VentureOne earns just 1.25x miles, its rewards can transfer to airline and hotel partners for even higher value. If you're able to get more than 1.2 cents each when redeeming miles, the VentureOne is the better deal.
Please note that card details are accurate as of the publish date but are subject to change at any time at the issuer's discretion. Before applying, please contact the card issuer to verify rates, fees, and benefits.
