Capital One VentureOne Rewards Credit Card
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The Capital One VentureOne Rewards Credit Card is the baby brother to the bigger Capital One Venture Rewards Credit Card — and it shows. The VentureOne has a smaller sign-up bonus and a less robust rewards program. It also comes with no annual fee, a point in this card’s favor that could make the VentureOne a more attractive choice for some consumers.
The best travel rewards credit cards offer 2X rewards or better on everyday spending. Some offer even higher returns on specific categories of spending, like travel or restaurants. The VentureOne can’t compete with these cards.
Even though it charges no annual fee, VentureOne also fares pretty poorly against some no-fee cash-back cards, some of which now offer 2% cash back on all purchases. VentureOne pays 1.25 miles for every dollar you spend.
In a head-to-head matchup between Capital One VentureOne and Capital One Venture Rewards (which pays 2X miles on every purchase, but also has a $95 annual fee), the winner depends on your spending habits. After the first year, you’ll have to spend $6,350 just to earn enough points to offset the Venture Rewards annual fee. Spend that much on the Venture and you’ll have already earned $79 in travel rewards.
Your break-even point is about $13,000 in spending annually. If you plan to charge more than this on your Capital One card, Venture Rewards should be your choice. Otherwise, the VentureOne is a worthy selection.
Who should get this card
This is a fine card if you primarily want to earn travel-based rewards — and you loathe the idea of paying an annual fee. VentureOne gives you the flexibility to book the airline or hotel of your choice with those rewards.
There’s also a nice sign-up bonus of 20,000 miles after a qualifying spend, giving this piece of plastic a travel card trifecta of no fee, sign-up bonus and decent travel rewards.
This card is also good for international travelers because there are no foreign transaction fees.
Fees and APR
- This card has no annual fee.
- You’ll pay no foreign transaction fee if you use this card overseas.
- Enjoy an introductory 12-month 0% APR on purchases, then 12.99% to 22.99% variable APR thereafter.
Extras, perks and using points
You can redeem your awards miles by booking your travel directly through a Capital One representative over the phone or through its website. The other way is to use the issuer’s “Purchase Eraser” to receive a credit for travel you booked another way. Once you’ve paid for your travel with your Capital One VentureOne card, you can redeem your miles for a statement credit.
There is no fee to redeem your miles.
Other perks include Visa Signature benefits like travel upgrades and savings, car rental collision insurance, extended warranty protection and concierge services.
How this card compares
The Capital One Quicksilver Cash Rewards Credit Card is simple. And that’s a good thing.
The card’s rewards program is structured so you don’t have to think about whether this is the month that gas station spending pays more or that it’s time to take advantage of warehouse club spending. There’s also no annual fee, so you don’t have to do the math about how much you’ll have to spend to make the card worth it.
The Barclaycard Arrival Plus World Elite MasterCard has a ton of flexibility. You can use your rewards to book travel on any airline, hotel or cruise ship. You can even take a taxi. Discount travel sites are covered, as well, letting you book your trip your preferred way.
If you’re a globetrotter, road-tripper or wanderer of any type, this card should be in your wallet.
Opinions expressed here are author's alone, not those of any bank, credit card issuer, airlines, or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.