Learn more about this card and find out how you can apply here.
The Capital One® VentureOne® Rewards Credit Card is a travel rewards card with no annual fee and a straightforward, easy-to-understand rewards system. Every $1 you spend with the VentureOne card earns 1.25 rewards miles, every day, no matter how much you spend or what you buy. You can redeem your accumulated miles, which are always worth the same at redemption, for virtually any travel purchase.
The Capital One VentureOne Rewards Card shares the spotlight with a number of other travel rewards credit cards. It’s closely related to its stablemate, Venture Rewards, which carries an annual fee ($59) and earns rewards at a higher rate. It has much in common with annual-fee-free competitors such as Discover it Miles, BankAmericard Travel Rewards Credit Card, and the Expedia+ Card from Citi. And, finally, it competes with general-purpose and brand-specific travel rewards cards with annual fees ranging from $50 to $100. These include Chase Sapphire Preferred, the Expedia+ Voyager Card from Citi, and Barclaycard Arrival Plus™ World Elite Mastercard®.
It’s important to note that although the VentureOne Rewards Card earns a lower baseline rewards rate than the Venture Rewards Card and doesn’t carry an annual fee, it’s not exactly an entry-level version of its Capital One stablemate. Like Venture, this card requires applicants to have excellent credit. If you have any significant blemishes on your credit, or simply haven’t really built your credit yet, you’re unlikely to qualify for this card.
- Sign-up Bonus. When you spend at least $1,000 within 3 months of opening your account, you get 20,000 bonus miles. That’s worth $200 when redeemed for travel.
- Earning and Redeeming Rewards. The Capital One VentureOne Rewards Card earns an unlimited 1.25 miles per $1 spent, every day. There are no caps or restrictions on its earning power, nor spending categories to keep track of. Accumulated miles are redeemable for virtually any type of travel purchase, including hotel stays, car rentals, airfare, ground transportation (such as trains and taxis) and more, always at a value of $0.01 per mile. To redeem, you can do one of two things. First, you can exchange miles for account statement credits (known as Purchase Eraser) by calling Capital One’s customer service hotline, or you can visit your online account and manually select the purchases for which you’d like to redeem miles. Second, Capital One allows you to book travel with miles directly through its online travel portal. In either case, if you’re redeeming for a purchase that costs more than the cash value of your miles, you can redeem the miles you do have (as long as you use at least 2,500 miles) and pay the remaining balance in cash. Although Capital One also offers the option to redeem for non-travel items, such as gift cards and statement credits, values for non-travel redemptions are highly variable, subject to change without warning, and often amount to less than $0.01 per mile.
- Introductory APR. This card comes with a 0% introductory purchase APR for 12 months.
- Important Fees. This card does not have an annual fee, foreign transaction fee, or balance transfer fee. The cash advance fee is the greater of $10 or 3%, and the late payment fee is $35.
- FICO Score and Credit Tracker. VentureOne cardholders receive a free FICO score with their monthly paper or electronic statements, and can also access their scores at any time through their online account dashboards. Additionally, Capital One offers a host of credit-monitoring and credit-building tools through the Capital One Credit Tracker suite.
- Additional Cardholder Benefits. The VentureOne card comes with a number of general cardholder benefits, including 24/7 concierge service and booking assistance, 24/7 emergency card replacement for travelers, and preferred seating and/or access to popular events, such as professional sporting events and celebrity golf outings.
- Credit Required. This card requires excellent credit.
- No Annual Fee. The CapitalOne VentureOne Rewards Card doesn’t carry an annual fee. That’s a big advantage over many competing travel rewards cards, including the Venture Rewards Card ($59 annual fee), Chase Sapphire Preferred ($95 annual fee), and Barclaycard Arrival Plus™ World Elite Mastercard® ($89).
- Flexible Rewards Program. When it comes to redeeming for travel, the VentureOne card’s rewards program is super flexible. You can redeem for virtually any travel purchase, including hotel stays and just about any type of conveyance. This is a big advantage over airline-, hotel-, or platform-specific alternatives that require you to redeem with a particular brand or brand partnership, or on a particular online platform, such as Expedia.
- Easily Attainable sign-up Bonus. This card’s 20,000-mile ($200 equivalent) sign-up bonus is easy to attain. You just have to spend $1,000 within 3 months of opening your account, likely an easy feat if you use VentureOne as your primary credit card. Discover it Miles, another no-annual-fee card, doesn’t have a sign-up bonus at all. The Expedia+ Voyager Card ($95 annual fee) requires you to spend $2,000 within 3 months to get a 25,000 point bonus (worth $350).
- No Balance Transfer Fee. The VentureOne card is one of the few travel rewards cards that doesn’t charge a balance transfer fee – just the regular balance transfer APR. This is a tremendous benefit for new cardholders who wish to transfer high-interest balances from other cards without paying upfront for the privilege.
- Nice Intro APR Promotion. This card boasts a 0% purchase APR promotion that lasts 12 months from the moment you open your account. Some competing cards, including the Citi Hilton Honors Visa Signature (no annual fee) and the regular Capital One Venture Rewards Card, don’t offer intro APRs at all.
- No Penalty APR. The VentureOne card doesn’t carry a penalty APR. That’s great news for cardholders who occasionally miss payments, and a big benefit over competing cards such as Expedia+ and BankAmericard Travel Rewards Card.
- No Confusing Spending Categories. This card’s travel rewards program is about as straightforward as can be. You never have to worry about spending categories, or any associated caps or restrictions. Every $1 you spend earns 1.25 miles, every day. By contrast, the Expedia+ Card accrues 3 points per $1 spent on Expedia purchases and 1 point per $1 spent on everything else, while the Expedia+ Voyager Card earns 4 points per $1 spent on Expedia purchases, 2 points per $1 spent on dining and entertainment, and 1 point per $1 spent on everything else.
- Moderate Miles Earning Pace. The VentureOne Card earns miles at a moderate pace: 1.25 miles per $1 spent, no matter what you buy. That’s slower than some competing no-annual-fee cards. For instance, Discover it Miles and BankAmericard Travel Rewards Card both earn unlimited 1.5 miles per $1 spent.
- No Preferred Brands or Partnerships. Since the VentureOne Rewards Card doesn’t favor any transaction types or travel brands (such as hotel families or airline partnerships), it’s basically impossible to use this card to score unpublished rates or reduce the time or points necessary to qualify for a free stay, flight, or rental. This is an important negative relative to airline- or hotel-branded cards such as the Alaska Airlines Visa Signature Card ($75 annual fee) that frequently offers great deals on long-haul flight redemptions, boosting the buying power of accumulated miles for those routes. By contrast, with the VentureOne Card, you’re always stuck redeeming miles for fares’ equivalent $1 values.
- Miles Always Have the Same Value at Redemption. The VentureOne Card’s miles are always worth $0.01 apiece at redemption. While this makes for fewer mathematical calculations – and headaches – come redemption time, it’s also not great for cardholders who wish to maximize the value of their accumulated points. When redeemed for travel purchases through Chase’s Ultimate Rewards portal, Chase Sapphire Preferred points are worth $0.0125 apiece.
- Limited Travel Benefits. Aside from complimentary upgrades and savings opportunities where available, the VentureOne Card doesn’t have much in the way of luxury perks or convenience benefits for travelers. Many branded cards, including American Express’s Gold Delta SkyMiles ($95 annual fee) and Citi Platinum Select/AAdvantage ($95 annual fee), offer perks such as in-flight discounts, priority boarding, and free checked bags.
- Requires Excellent Credit. Capital One is upfront about the fact that this card requires excellent credit. Even if you have good or very good credit, there’s a high likelihood that you won’t qualify for this card right off the bat. If you’re set on a travel rewards card, consider annual-fee-free alternatives like Expedia+ from Citi, which can build your credit and help you work up to a more generous rewards card.
The Capital One® VentureOne® Rewards Credit Card doesn’t earn miles at a breakneck pace or offer gold-plated benefits for cardholders in good standing. If you’re looking for a card that races you to free airfare or pampers you wherever you go, there are definitely better alternatives. However, there’s a lot to be said for a card with VentureOne’s simplicity and straightforwardness. With this card, you always know where you stand – and how long it’s going to take to get from there to free or reduced-price travel.
Learn more about this card and find out how you can apply here.