Capital One VentureOne Rewards Credit Card: Review
Is the Capital One VentureOne Rewards Credit Card worth it?
The Capital One VentureOne Rewards Credit Card is potentially worth it if you don’t have other rewards cards, you want to maximize value by booking travel through Capital One Travel, or you want a travel rewards card without an annual fee.
Capital One VentureOne: Highlights
- No annual fee
- Earn 1.25 miles per dollar on all purchases and 5 miles per dollar on hotel and rental car bookings through Capital One Travel
- You can earn a one-time welcome bonus of 20,000 Miles once you spend $500 on purchases within 3 months from account opening.
- No credit card foreign transaction fees
Who is the Capital One VentureOne Rewards Credit Card best for?
This card is best for casual or beginner travelers who want an easy way to earn travel rewards on everyday purchases without paying an annual fee. It’s also good for those who are willing to book travel through a travel portal and want flexibility in redeeming miles.
Capital One VentureOne: Rewards
Earning rewards
Capital One VentureOne cardholders earn 1.25 miles per dollar on all purchases and 5 miles per dollar on hotel and rental car bookings made through Capital One Travel. There’s no limit to how many miles you can earn and miles don’t expire for the life of your account.
Redeeming rewards
Miles can be redeemed for travel through Capital One Travel, statement credits for travel purchases, Amazon or PayPal purchases, gift cards, and merchandise. You can also transfer miles to over 15 airline and hotel loyalty programs.
▶︎ Learn more: Capital One Rewards Program Guide
Welcome offer
New cardholders can earn 20,000 Miles once they spend $500 on purchases within 3 months from account opening. This is a far easier bonus to earn than many travel credit cards but still provides a solid boost to your overall rewards bank.
▶︎ See our picks: Best credit card welcome bonuses
VentureOne Credit Card: Benefits
Travel benefits
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Travel accident insurance: If you pay for travel with your credit card, you may be eligible for accident coverage at no additional charge.
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24-hour travel assistance services: Customer service representatives are available 24/7.
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Auto rental insurance: Save on rental car insurance when you book and pay with your card.
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Capital One Travel: Access to discounts, deals, and other perks on travel.
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No foreign transaction fees: Avoid extra charges when using your card outside the U.S.
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Capital One Shopping: A browser extension that finds and applies coupon codes automatically.
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Extended warranty: Additional warranty coverage on purchases.
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0% Fraud liability: Protection against unauthorized charges.
Other perks
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Capital One Entertainment and Dining: Exclusive ticket and reservation options.
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Eno virtual assistant: Alerts for potential fraud, bill reminders, and account information. Access to virtual card numbers for safer online shopping.
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CreditWise credit monitoring: Free monthly credit score, credit report access, and notifications about changes to your credit history.
Capital One VentureOne Card: The fine print
Fees
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Annual fee: $0
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Foreign transaction fee: $0
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Late payment fee: Up to $40
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Cash advance fee: $5 or 5% of the withdrawal, whichever is greater
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Balance transfer fee: If you make a balance transfer within the introductory APR period, which is the first 15 months, you’ll pay a fee of 3% of the balance. transferred. There isn’t a fee for transferring balances outside of a promotional period. If Capital One offers a promotional period at some point in the future, it will charge 4% of the balance transferred during that period.
Interest Rates
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Regular APR: reg_apr,reg_apr_type
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Cash advance APR: 29.99% variable
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Intro APR offer: 0% intro APR for the first 15 months on purchases and balance transfers, then the regular APR applies
Credit Limit
Your credit limit on this card depends on your credit score, income and other factors. The minimum credit limit seems to be $5,000 based on reports from cardholders. Often, VentureOne cardholders with excellent credit are approved for $10,000 or more in initial credit limit, and some card members have reported much higher credit limits.
Capital One VentureOne Card: Drawbacks
Limited earning potential
While the earning rates of the Capital One VentureOne Rewards Credit Card are decent, earning 5 miles per dollar spent on hotels and rental cars booked through Capital One Travel, there are cards with higher earning potential for frequent travelers. The 1.25x mile rate on non-bonus purchases is also sub-par compared to some travel cards, especially considering the low redemption rate outside of travel.
Minimal travel perks
Compared to other travel cards, the VentureOne offers fewer travel perks and protections. For example, some cards offer the benefit of a fee credit to cover the application cost for TSA PreCheck® or Global Entry. Other cards may offer perks like airport lounge access, partner benefits, or annual travel credits.
How the Capital One VentureOne Card compares
Capital One VentureOne Rewards Credit Card vs. Capital One Venture Rewards Credit Card
The Capital One Venture Rewards Credit Card offers more rewards and travel perks than the Capital One VentureOne Rewards Credit Card, including 2 miles per dollar on all purchases. Additionally, cardholders can earn a generous welcome offer of 75,000 miles after spending $4,000 in the first three months after account opening— worth $750 in travel!
This card also comes with up to a $120 credit for TSA PreCheck or Global Entry and a $50 hotel experience credit. However, these perks come at a cost, as this card has a $95 annual fee.
▶︎ Read more: Capital One Venture Rewards Credit Card review
Capital One VentureOne Rewards Credit Card vs. Capital One VentureOne Rewards for Good Credit
The Capital One VentureOne Rewards Credit Card for excellent credit and the VentureOne Rewards for Good Credit share many similarities, including no annual fee and the ability to earn 5 miles per dollar on hotels and rental cars through Capital One Travel and 1.25 miles per dollar on all other purchases.
However, the two differ in some significant ways. The regular VentureOne requires excellent credit to qualify for while VentureOne for Good Credit only requires a good credit score, making it easier for the average consumer to get approved. Additionally, VentureOne for Good Credit offers no welcome bonus for new cardholders.
Should you get the Capital One VentureOne Rewards Credit Card?
The Capital One VentureOne Rewards Credit Card is a good option for casual travelers and those new to travel cards as it offers flexibility in earning and redeeming miles without charging an annual fee. If you have excellent credit and prefer a simple rewards-earning program, this card is worth considering. For those looking for more robust travel perks and higher rewards rates, the Capital One Venture Rewards Credit Card or other travel cards with annual fees may be more suitable.
