Capital One VentureOne Rewards Credit Card
- Best for: Travelers who want transferable miles and no foreign transaction fee without paying an annual fee
- What Sets It Apart: Transfers to 22 airline and hotel programs, most one to one, on a card with no annual fee
- Cost: $0 annual fee; no foreign transaction fee; 0% intro interest for 15 months, then 18.74%, 24.74%, or 28.74% variable; balance transfer fee 3% for the first 15 months
- Features: 20,000 bonus miles after $500 in purchases in 3 months; 5 miles per dollar on Capital One Travel hotels, vacation rentals, and rental cars, and 1.25 on other purchases; Hertz Five Star status
- Pros: Miles worth 1 cent each toward travel; transfers to 22 airline and hotel programs; miles don’t expire while the account is open
- Cons: Trails no-fee 2% cash back cards at home if you won’t transfer miles; flights through Capital One Travel earn only 1.25 miles per dollar; no Global Entry or TSA PreCheck credit
Get the Capital One VentureOne if you want travel miles with no annual fee and no foreign transaction fee, since its miles also transfer to airline and hotel programs. If you’ll run most of your spending through one card, look at the $95 Venture instead, which earns 2 miles per dollar.
The Capital One VentureOne Rewards Credit Card earns at least 1.25 miles per dollar on purchases. Each mile is worth 1 cent toward travel, whether you book through Capital One Travel or charge the trip elsewhere and pay it off with miles within 90 days.
Key Features
- $0 annual fee and no foreign transaction fee
- 20,000 bonus miles after you spend $500 in the first 3 months, worth $200 in travel, while a Miles Boost version on some comparison sites pays 40,000 after $1,000 in 3 months but has no 0% intro rate
- 5 miles per dollar on Capital One Travel bookings of hotels, vacation rentals, and rental cars, and on Capital One Entertainment tickets except cardholder-only presales
- Transfers to 22 airline and hotel programs, most at a one-to-one rate
- 0% interest on purchases and balance transfers for 15 months, then a variable rate of 18.74%, 24.74%, or 28.74%, set by your credit
Pros
- Transferred miles can be worth more than a cent, averaging 1.2 cents each in NerdWallet’s analysis
- Hertz Five Star status after enrolling through Capital One, so you can skip the rental counter at select locations
- Miles never expire while the account is open
Cons
- If you won’t transfer miles, a no-fee 2% cash back card earns more at home, since 1.25 miles at a cent each is 1.25 cents per dollar
- Flights booked through Capital One Travel earn just 1.25 miles per dollar
- Miles redeemed for cash are worth about half a cent each, according to NerdWallet
- No Global Entry or TSA PreCheck credit, which comes with the $95 Venture and the $395 Venture X
- The bonus and 0% intro rate need excellent credit, and the good-credit version has neither and charges a 29.24% variable rate
Start with the VentureOne for flexible miles and fee-free purchases abroad. At a cent a mile, the $95 Venture earns back its fee once you spend about $12,700 a year on purchases where it pays 2 miles per dollar and this card pays 1.25.
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