Capital One® VentureOne® Rewards Credit Card review

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Claire Dickey @ClaireDickey  in  No Annual Fee How we rate our cards  |  Advertiser Disclosure
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Recommended Credit Score

Good to Excellent (670 - 850)

A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.

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Best for foreign travel beginners

Annual Fee:
$0
Purchase Intro APR:
0% intro on purchases for 12 months
Balance Transfer Intro APR:
N/A
Regular APR:
13.74% - 23.74% (Variable)
Terms and Restrictions Apply

Bankrate Rating

Commonly used for: 0% Introductory APR, Airline, Dining, Miles, Rewards, Travel.

Score Breakdown

Bankrate Rating

Perks
Rewards
Annual Fee
Intro Bonus
Foreign Transaction Fee

Capital One® VentureOne® Rewards Credit Card: Details and benefits

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 (13.74-23.74% variable APR after), no annual fee and no foreign 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.

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.

Is the Capital One VentureOne worth it 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 flexibility, 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.

Get the most value from the Capital One VentureOne

You’ll have the ability to use “Purchase Eraser” for travel credit, a tool that allows you to redeem miles for statement credit within 90 days of an eligible travel purchase. Further information on how to maximize the miles potential of the VentureOne can be found in our Capital One Miles guide.

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

How much are the Capital One VentureOne rewards worth?

The VentureOne’s 20,000-mile welcome bonus for spending $1,000 in the first 3 months is valued at around $200 in travel (enough to purchase a domestic round-trip ticket, depending on seasonality). After the first year, you’ll have to spend $4,750 just to earn enough miles to offset the Venture Rewards annual fee.

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 to redeem rewards

Redeem your airline miles by logging into your online Capital One account and clicking “rewards balance” or by calling a Capital One representative.