The Capital One VentureOne Rewards Credit Card is one of the best travel credit cards available with no annual fee. While it might seem that a no-annual-fee card will offer fewer worthwhile benefits than an annual-fee card, Capital One VentureOne cardholders aren’t missing out—the card includes many valuable benefits, which we’ll outline below.
Main Capital One VentureOne Card rewards and benefits
The Capital One VentureOne Card includes impressive rewards rates for a card with no annual fee:
- 5X miles per dollar on hotels and rental cars booked through Capital One Travel
- 1.25X miles per dollar spent on all purchases
As for the welcome bonus, new cardholders earn 20,000 bonus miles after using their card to spend $500 within three months of account opening. Additionally, new cardholders receive a 0 percent intro APR on purchases and balance transfers for 15 months (15.24 percent to 25.24 percent variable APR after that), making this card a solid choice to consider if you’re looking to finance a large purchase or transfer a balance.
Capital One VentureOne Card travel benefits
Auto rental insurance
When traveling, Capital One VentureOne cardholders have access to several travel insurance policies. One of the most valuable is auto rental insurance coverage, which allows you to decline the expensive optional insurance offered by rental car companies when you use your VentureOne card to pay for the rental.
Travel accident insurance
Another benefit is travel accident insurance. When you use your card to pay for your ticket, you will be covered for up to $250,000 in the event of accidental loss of life, limb, sight, speech or hearing while riding as a passenger.
Visa Signature Luxury Hotel Collection
Your Capital One VentureOne also includes access to the Visa Signature Luxury Hotel Collection, which offers discounts and amenities at more than 900 properties around the world.
Travel assistance services
You also can receive up to $3,000 worth of lost luggage reimbursement compensation when traveling, as well as access to a travel and emergency services hotline and roadside assistance.
No foreign transaction fees
There are no foreign transaction fees on purchases made outside of the U.S., making this card a great choice for traveling abroad.
Capital One Travel
In partnership with Hopper, Capital One Travel uses technology to help improve the travel booking experience. Features include:
- AI-powered price prediction, price watch and price match guarantee
- More flexible booking options
- More earning potential: Earn 5X miles per dollar on hotels and rental cars booked through Capital One Travel
Capital One Lounges
Last year, Capital One announced the opening of Capital One Lounges, which include restaurant-quality dining, exercise facilities and family-friendly features. The first lounge opened at the Dallas/Fort Worth airport, and two more lounges are expected to open in 2022, one at the Denver International Airport and the other at Dulles International Airport outside of Washington, D.C.
However, it’s important to note that only select Capital One customers have complimentary or specially-priced access to Capital One Lounges. Pricing and access are as follows:
- Capital One Venture X Rewards Credit Card: Complimentary access; additional terms apply
- Capital One Venture Rewards Credit Card: Two free visits per year, then $45; additional terms apply
- Capital One Spark Miles for Business: Two free visits per year, then $45; additional terms apply
- All other cardholders: $65 per visit; kids under two are free
This means that Capital One VentureOne cardholders would need to pay $65 for every visit to Capital One Lounges. If lounge access is important to you, you may want to consider one of Capital One’s other cards, as mentioned above.
Other VentureOne Card benefits
Beyond its travel rewards program and benefits, VentureOne cardholders have access to numerous other cardholder benefits.
Eno, a virtual assistant
Capital One offers a virtual assistant, Eno, in its mobile app. Eno can create a virtual card number for when you shop online. By using a virtual card number, you can conceal your actual card number and minimize the risk of fraud. Eno can also be configured to offer account alerts that can notify you of potential mistakes, duplicate purchases or recurring bill increases.
CreditWise credit monitoring
Capital One also offers its CreditWise service for credit monitoring, which provides alerts when there’s a change to your TransUnion or Experian credit report, among other services.
Capital One Experiences
Capital One has also partnered with some leading brands to offer VentureOne cardholders special access to dining, entertainment and sports experiences. For example, Capital One Experiences may include things like Michelin-rated dining experiences, first access to major concerts, exclusive ticket packages for sporting events and cardholder-only events.
Capital One Shopping
Capital One offers a free browser extension that will automatically apply the best coupon codes at checkout, in addition to letting you know when prices drop on products you’ve viewed and purchased.
- Extended warranties: When you make a purchase with your Capital One VentureOne Card, you’ll get additional warranty protection on eligible items
- Fraud protection: You’ll receive $0 fraud liability to protect you from being held responsible for unauthorized charges
- Purchase security: Eligible items will be replaced, repaired or reimbursed, up to $500 per claim and within 90 days of purchase
See your card’s guide to benefits for complete terms and restrictions.
How to maximize Capital One VentureOne Card benefits
You can maximize the VentureOne Card’s benefits in several ways. First, if you plan on taking advantage of the 15 months of interest-free financing, make sure you avoid interest charges by paying off your balance before the promotional period ends. And when traveling outside the U.S. or making a charge to a foreign company, be sure to use your Capital One card to avoid the 3 percent foreign transaction fee that many other credit cards charge.
Additionally, while you can redeem your Capital One reward miles at Amazon.com and PayPal, you should make sure you’re getting the most value when redeeming your rewards. You may receive less value than you would receive when redeeming your miles for statement credits toward travel purchases. It’s also potentially much less than your miles could be worth when strategically transferred to travel partners and redeemed for high-value airline or hotel reservations. While some Capital One miles transfer at the 1:1 ratio, others are at a 2:1.5 or 2:1 ratio.
The bottom line
The Capital One VentureOne Rewards card has no annual fee, but that doesn’t stop it from offering many of the same features found on premium travel rewards cards with a high annual fee. The most important feature is its robust rewards program that allows you to either redeem your reward miles for statement credits toward travel purchases or transfer your rewards to an expanded list of airline and hotel partners.
Beyond rewards, important Capital One VentureOne benefits include numerous shopping, security, travel and purchase protection features. If you’re looking for a travel card with no annual fee and numerous benefits, the Capital One VentureOne card is certainly worth consideration.