Capital One® VentureOne® Rewards Credit Card

Robin Saks Frankel  in  0% APR Advertising Disclosure
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Recommended Credit Score

Good to Excellent (670 - 850)

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Best for low APR

Annual Fee:
$0
Purchase Intro APR:
0% intro on purchases for 12 months
Balance Transfer Intro APR:
N/A
Regular APR:
14.24% - 24.24% (Variable)
Terms and Restrictions Apply
Bankrate Score: 80 out of 100

Commonly used for: 0% APR, Excellent Credit, No Annual Fee, No Foreign Transaction Fees, Rewards, Sign-up Bonus, Travel.

Editor’s Note: Some of the offers on this page are no longer available. 

The Capital One® VentureOne® Rewards Credit Card offers the same fixed category rewards system as its well-known sibling – the Capital One® Venture Rewards Credit Card. Beginner travelers looking for a no annual fee credit card will enjoy some of the same perks as the Venture without the $95 annual fee.

Here are the details

Cardholders earn 1.25x miles on every purchase, plus 10x miles on eligible hotel purchases made through January 2020. There’s no limit on how many miles you can earn, and your rewards will never expire.

The VentureOne card also offers a modest welcome bonus of 20,000 miles after spending $1,000 in the first three months. Additionally, you’ll earn 1.25 miles per dollar compared to the Venture Reward’s 2 miles per dollar and have access to perks like Travel Accident Insurance, 24-Hour Travel Assistance Services, Extended Warranty protection on eligible purchases and more.

Perhaps one of the greatest perks of owning the VentureOne is its $0 annual fee — perfect for those opposed to that pesky, yearly charge. Between the card’s 0% introductory APR for 12 months (14.24-24.24% variable APR after), no annual fee and no transaction fees, this card is a low-maintenance option for those looking to earn travel rewards. Furthermore, Capital One has been steadily growing their transfer partner list, meaning redeeming travel rewards is now easier than ever.

Is it right for you?

When comparing the Capital One VentureOne and Capital One Venture Rewards, it all comes down to how you define your spending habits. If you’re new to the points and miles world and don’t want to spend a lot annually, the VentureOne may suit you well. On the other hand, if you have the financial security to play the pairing game, the Venture Card is probably a better fit.

The VentureOne can help you earn travel-based rewards without paying an annual fee. Plus, the card gives you the flexibility to book the airlines and hotels of your choice through any website. International travelers can enjoy no foreign transaction fees or blackout dates, meaning you’ll be able to travel with ease throughout the year.

If you’re willing to spend more than a couple thousand each year, there are better travel rewards cards than the VentureOne. But you do have the ability to upgrade to the Venture after owning the VentureOne for some time.

Advantages
  • The 20,000 mileage bonus for spending $1,000 within the first three months is a nice perk and attainable for many. That's worth about $200 in travel.
  • Cardholders earn at 1.25 miles per dollar on all spending and miles never expire. Every 100 miles can be redeemed for $1 worth of rewards.
  • Rewards are flexible and can be redeemed at any airline, hotel or rental car -- and that includes travel discount sites.
  • 10x miles on purchases made with the card at Hotels.com/Venture (through January 2020).
Disadvantages
  • If you plan on using your miles to pay for travel booked outside of the Capital One website, the mileage credits have to be redeemed within 90 days of making your travel purchase.
  • Other cards offer more lucrative sign-up bonuses and greater everyday rewards.

How much are your rewards worth?

The VentureOne’s 20,000-mile welcome bonus for spending $1,000 in the first 3 months is valued at around $200 (enough to purchase a domestic round-trip ticket, depending on seasonality). After the first year, you’ll have to spend $6,350 just to earn enough miles to offset the Venture Rewards annual fee. But if you spend that much on the Venture Rewards card, you’ll have already earned $79 in travel rewards.

The break-even point of the VentureOne card is about $13,000 in spending per year. So, if you plan to spend more than $13,000 with your card, the Venture Rewards leans more in your favor. Otherwise, the VentureOne is a solid selection.

How this card compares

Capital One VentureOne vs. Captial One Venture Rewards

One of the key differences between the Capital One Venture Rewards card and the VentureOne is the Venture Rewards’ $95 annual fee (which is waived for the first 12 months). Additionally, the Venture Rewards card offers 2 miles per dollar on purchases compared to the VentureOne’s 1.25 miles per dollar. Either way, both cards have fixed spending categories, meaning you won’t need to keep track of when to optimally use your miles (such as with rotating category cards).

Capital One VentureOne vs. Capital One® Quicksilver®

The Capital One Quicksilver Cash Rewards card offers a fixed category rewards program and 1.5 miles per dollar compared to VentureOne’s 1.25 miles. Both cards offer no annual fee, so either way, you won’t need to bother calculating the card’s worth based on your spending habits.

Capital One VentureOne vs. Barclaycard Arrival Plus® World Elite Mastercard®

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. Discount travel sites are also covered, allowing you to book your trip however you’d like. If you’re a globetrotter, road-tripper or wanderer of any type, this card should be in your wallet.

Read the full Barclaycard Arrival Plus World Elite card review here.

How to maximize your rewards with this card

Redeem your airfare miles by logging into your online Capital One account and clicking “rewards balance” or by calling a Capital One representative. Additionally, you’ll have the ability to use “Purchase Eraser” for travel credit. This tool allows you to redeem miles for statement credit within 90 days of an eligible travel purchase.

Make sure to utilize VentureOne’s built-in access to Visa Signature benefits. You’ll be able to utilize perks like travel upgrades, car rental collision insurance, lost luggage compensation and concierge services.

The bottom line

The VentureOne card allows you to book travel in a variety of ways, and on any site — this makes it a more flexible option than similar travel cards. And with no annual fee, no foreign transaction fees and a 0% introductory APR for 12 months (14.24%- 24.24% variable APR thereafter), the VentureOne is a decent choice for busy travelers looking for a simple way to earn rewards.