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Why we like this card: If you don’t want to deal with rotating categories and high spending requirements, the Capital One VentureOne Rewards Credit Card offers an uncomplicated rewards structure with no annual fee.
Pros
- 0% intro APR on purchases for 15 months (after that, the variable APR will be 19.99%–29.99%)
- $0 annual fee
- 0% foreign transaction fee
Cons
- Underwhelming base rewards rate
- Few perks compared to comparable cards on the market
Capital One VentureOne Rewards: Overview
APR:
- Intro: 0% intro APR on purchases for 15 months (after that, the variable APR will be 19.99%–29.99%)
- Purchase: 0% intro APR on purchases for 15 months (after that, the variable APR will be 19.99%–29.99%), based on creditworthiness
- Balance transfer: 0% intro APR on balance transfers for 15 months (after that, the variable APR will be 19.99%–29.99%)
- Cash advance: 29.99%, plus a fee of $3 or 3% of the amount of each cash advance, whichever is greater
Annual fee: $0
Foreign transaction fee: 0%
Late payment: Up to $40
The Capital One VentureOne Rewards Credit Card—not to be confused with the Capital One Venture Rewards Credit Card, which is another card entirely—is designed for those who want a straightforward travel rewards card. VentureOne offers 1.25x miles per dollar on every other purchase, which you can redeem for travel expenses such as hotels and car rentals. The card also comes with a sign-up bonus of 20,000 miles once you spend $500 on purchases within 3 months from account opening. Other features include 0% introductory APR on purchases and balance transfers for 15 months, no foreign transaction fees, and various travel protections, including travel accident insurance.
If you want to earn travel rewards without committing to a card with a high annual fee, you might find the VentureOne card particularly appealing. The card’s simple rewards structure makes earning miles on all purchases easy, not just in specific categories. The lack of foreign transaction fees also makes it an attractive option for international travel. Additionally, the card’s introductory APR offer can be beneficial if you’re planning a large purchase in the near future—with 0% APR for 15 months, you can pay it off over time without incurring interest.
Overall, it’s a versatile card that offers a simple and cost-effective way to earn travel rewards.
VentureOne Rewards: Rewards
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 per dollar on every other purchase
New cardholders can earn 20,000 miles once you spend $500 on purchases within 3 months from account opening.
How to redeem VentureOne miles
If you’re looking to get the most value for your miles, booking travel through the Capital One Travel portal is the best way to do it. You can redeem miles for flights, hotels, rental cars, and more. However, there are plenty of other ways to redeem miles beyond bookings.
Erase your travel purchases
You can use miles to “erase” travel purchases made within the last 90 days using the Purchase Eraser tool, effectively reimbursing yourself for travel costs. With this method, you redeem miles at a 1 mile-to-$1 value.
Transfer miles to partners
You can also transfer your miles to one of Capital One’s travel partners, including Air Canada, British Airways, Qantas, and Wyndham. Currently, there are 15 different loyalty programs available. Miles generally transfer at a 1:1 rate, though certain partners and deals may increase the value of your rewards.
Share your miles with others
If one of your friends or family members also has a VentureOne or Venture card and is planning a trip, you can transfer your miles to them. You’re able to choose how many of your miles you want to send.
Buy gift cards
Miles don’t have to be used for travel. You can also redeem miles for gift cards from retailers such as iTunes, Barnes & Noble, Best Buy, and others.
Get cash back
If you prefer to turn your miles into cash, you can redeem them for a statement credit to offset your bill. Statement credits show up on your account in as little as two to three business days. You can also request to receive a check, which is typically mailed within three business days and arrives two to three weeks later.
Redeem for entertainment
Capital One Entertainment gives eligible cardholders exclusive access to more than 500,000 events and experiences. You can redeem your miles for sporting events, concerts, VIP packages, and more.
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:
- Travel accident insurance: When you use your card to purchase your fare, you get automatic insurance for a covered loss at no extra charge.
- Emergency card replacement: If your card is lost or stolen, you can request an emergency replacement card, even if you’re abroad.
- 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.
- Collision damage waiver on car rentals: You’ll be covered for damage due to collision or theft when you rent an eligible vehicle with your card.
Is the Capital One VentureOne Rewards Card right for you?
The Capital One VentureOne card is designed for those who do moderate spending and don’t want to spend time and effort tracking rewards categories to maximize their miles. The VentureOne also appeals to those seeking a travel card with no annual fee.
Credit cards similar to Capital One VentureOne Rewards
Before you commit to the VentureOne rewards card, it’s a good idea to compare other cards on the market with similar rewards and benefits to see which fits your spending habits and needs best.
Bank of America Travel Rewards credit card vs. Capital One VentureOne
Another card similar to the VentureOne by Capital One is Bank of America’s Travel Rewards card. This card also boasts no annual or foreign transaction fees, plus a 15-month 0% introductory APR. It also offers a sign-up bonus of 25,000 points to new customers.
However, while the Bank of America card offers a no-frills rewards structure, it falls short compared to the VentureOne. At just 1.5 points for each dollar spent across the board, cardholders can’t boost their rewards by making travel purchases.
Discover it Miles card vs. Capital One VentureOne
Another comparable travel rewards card is the Discover it Miles credit card. This card has no annual fee but lacks a signup bonus and promotional APR. The reward structure is straightforward, with 1.5 miles earned on every dollar spent. Discover also matches all your miles earned within the first year. However, earnings from the Discover it Miles card aren’t quite as lucrative as the Capital One VentureOne since it lacks a higher rewards tier for travel-related purchases.
Frequently asked questions
What is the difference between Venture Rewards and VentureOne Rewards cards?
Both the Capital One Venture Rewards Credit Card and VentureOne Rewards card from Capital One have flat-rate rewards programs. The VentureOne card earns 1.25 miles per dollar on every dollar spent, while the Venture card earns a higher rate of 2 miles per dollar spent. Both cards earn 5X miles on bookings through the Capital One Travel portal.
Can you convert Capital One Venture miles to cash?
Yes, you can redeem rewards miles for a statement credit—the equivalent of cash back—or for cash via a mailed check.
Do Capital One Venture miles ever expire?
No, your miles never expire as long as your card remains open.
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.
