Credit Cards » Credit Card Reviews » Capital One VentureOne Rewards Card Review (2024)
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Capital One VentureOne Rewards Card Review (2024)

The Capital One VentureOne card is be a suitable option for those seeking a travel credit card without an annual fee and 0% intro APR
Author: Lorraine Smithills
Lorraine Smithills

Writer, Contributor

Experience

Lorraine is a freelance finance writer with years of experience in the banking sector and after a successful career in one of the largest retail and commercial financial services providers. She has a passion for helping people with less financial confidence to get control of their money through budgeting, saving, and responsible credit practices.
Interest Rates Last Update: June 3, 2024
The banking product interest rates, including savings, CDs, and money market, are accurate as of this date.
Author: Lorraine Smithills
Lorraine Smithills

Writer, Contributor

Experience

Lorraine is a freelance finance writer with years of experience in the banking sector and after a successful career in one of the largest retail and commercial financial services providers. She has a passion for helping people with less financial confidence to get control of their money through budgeting, saving, and responsible credit practices.
Interest Rates Last Update: June 3, 2024

The banking product interest rates, including savings, CDs, and money market, are accurate as of this date.

We earn a commission from our partner links on this page. It doesn't affect the integrity of our unbiased, independent editorial staff. Transparency is a core value for us, read our advertiser disclosure and how we make money.

Capital One VentureOne Rewards Credit Card

Capital one Ventureone Rewards Credit Card

Rewards Plan

1.25X – 5X unlimited 5X miles on hotels and rental cars booked through Capital One Travel and 1.25X miles on all other purchases

Welcome Bonus

20,000 miles 20,000 bonus miles once you spend $500 on purchases within the first 3 months from account opening

Our Rating

4.3
4.3/5

0% Intro

18 months on purchases and balance transfers

Annual Fee

$0

APR

19.99% – 29.99% variable
Capital One VentureOne Rewards Credit Card

Capital one Ventureone Rewards Credit Card

Rewards Plan

1.25X – 5X


unlimited 5X miles on hotels and rental cars booked through Capital One Travel and 1.25X miles on all other purchases

Welcome Bonus

20,000 miles 20,000 bonus miles once you spend $500 on purchases within the first 3 months from account opening

Our Rating

4.3
4.3/5

PROS

CONS

APR

19.99% - 29.99% variable

Annual Fee

$0

0% Intro

18 months on purchases and balance transfers

Credit Requirements

Good - Excellent

The Capital One VentureOne Rewards Credit Card may be a suitable option for those seeking a credit card without an annual fee and offering unlimited rewards on spending. Additionally, this card offers a welcome bonus, 0% introductory APR, and an extensive range of transfer partners, making it a compelling choice for those interested in travel rewards credit cards.

In terms of miles rewards, the card offers unlimited 5X miles on hotels and rental cars booked through Capital One Travel and 1.25X miles on all other purchases.

However, while the Capital One VentureOne Rewards Credit Card is a strong contender in the no-annual-fee category, it lacks extensive perks and bonus categories beyond Capital One Travel, has limited transfer partners based outside North America, lacks cell phone insurance, and has an uninspiring flat-rate rewards system.

Overall, for those who want to earn travel rewards without the burden of a hefty annual fee, the VentureOne stands out. However, if you prioritize luxury and premium features, you might want to explore other options with higher annual fees.

Does the card offer any travel insurance benefits?

While it lacks premium travel insurances, the card does provide some basic travel protections.

Can I transfer miles to other loyalty programs?

Yes, the VentureOne allows miles to be transferred to 18 airline and hotel partners.

What credit score is required for approval?

Applicants typically need a good to excellent credit score, ranging from 670 to 850.

Can I earn miles on everyday purchases beyond travel?

Yes, the card's unlimited flat rewards rate allows you to earn travel miles on all types of everyday spending.

What sets the VentureOne apart from the Venture Rewards card?

The VentureOne has no annual fee, whereas the Venture Rewards card offers higher rewards but comes with a $95 annual fee.

Are there restrictions on how I can redeem my miles?

The miles can be redeemed to cover any travel purchase at a value of 1 cent per mile.

In this Review

Estimating Your Rewards: A Practical Simulation

The following table showcases a rewards simulation highlighting the benefits of using the Capital One VentureOne Rewards Credit Card. It provides an approximate calculation of the rewards you could earn using the card for your expenses across various categories.

Capital one Ventureone Rewards Credit Card

Spend Per Category
Capital One VentureOne Rewards Credit Card
$10,000 – U.S Supermarkets
12,500
$3,000 – Restaurants
3,750
$5,000 – Airline
6,250
$3,000 – Hotels
15,000
$4,000 – Gas
5,000
Estimated Annual Miles
42,500 miles

Pros and Cons

Just like any other credit card, the Capital One VentureOne Rewards has some advantages and disadvantages:

Pros
Cons
Rewards And Welcome Bonus
No Special Travel Benefits
Airlines And Hotels Transfer Partners
Low Rewards Rate
Unlimited Miles With No Expiration
Redemption Flexibility
Protection

New VentureOne cardholders earn a signup bonus of 20,000 bonus miles once you spend $500 on purchases within the first 3 months from account opening.

In addition, cardholders accumulate unlimited 5X miles on hotels and rental cars booked through Capital One Travel and 1.25X miles on all other purchases.

With the Capital One VentureOne Rewards Credit Card, you get access to transferring your miles to over 15 airline and hotel partners. This is a great benefit since you can transfer points and book with the transfer partners.

For example, with Emirates Airline, you can transfer your miles at a ratio of 1:1.

The card offers one of the longest intro APR in the market – 18 months on purchases and balance transfers, the longest between Capital One cards.

There is no cap on earning rewards on spending with this credit card. Also, when your miles have no expiration date, you have the independence to decide how and when to redeem them. 

With Capital One VentureOne Rewards Credit Card Miles can be redeemed for a variety of rewards, including travel, cash back, gift cards, and more. For example, you can use your miles to book travel through Capital One's travel platform.

Unlike other no-annual-fee travel cards, such the Hilton Honors American Express Card or the American Airlines AAdvantage® MileUp® which offer specific hotel or airline benefits, this card is general and doesn't offer it.

Also, other premium travel card rewards such as TSA precheck reimbursement or annual travel credit are not available.

The Rewards rate is quite low, even compared to other cards with no annual fee. 

For example, with the Wells Fargo Autograph℠ Card, you can get 3X points on restaurants, travel, gas stations, transit, popular streaming services, and phone plans. Also, earn 1X points on other purchases.

Cardholders get protection services from Eno like Security Alerts, $0 Fraud Liability, Virtual Card Numbers, etc.

This can save you from any kind of fraudulent activity, and it also provides CreditWise with alerts when your TransUnion® or Experian® credit report changes.

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Rewards Plan:
1X – 5X 5X points on up to $500,000 spent on directly-booked airfare and flights and prepaid hotels booked through American Express Travel (per calendar year), 2X points on prepaid car rentals through American Express Travel and 1X points on all other purchases
Welcome Bonus:
80,000 points 80,000 Membership Rewards® points after you spend $8,000 on purchases on your new Card in your first 6 months of Card Membership

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Rewards Plan:
2X – 6X 6 Marriott Bonvoy points for each dollar of eligible purchases at hotels participating in the Marriott Bonvoy™ program, 3 points at Worldwide restaurants and on flights booked directly with airlines and 2 points on all other eligible purchases
Welcome Bonus:
95,000 points 95,000 Marriott Bonvoy bonus points after you use your new Card to make $6,000 in purchases within the first 6 months of Card Membership

Amex Delta SkyMiles Platinum card

Rewards Plan:
1X – 3X 3X Miles on Delta purchases and purchases made directly with hotels, 2X Miles at restaurants worldwide including takeout and delivery in the U.S., and at U.S. supermarkets and 1X Miles on all other eligible purchases
Welcome Bonus:
85,000 miles 85,000 bonus miles after you spend $4,000 in your first six months
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.
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amex platinum

Rewards Plan:
1X – 5X 5X points on up to $500,000 spent on directly-booked airfare and flights and prepaid hotels booked through American Express Travel (per calendar year), 2X points on prepaid car rentals through American Express Travel and 1X points on all other purchases
Welcome Bonus:
80,000 points 80,000 Membership Rewards® points after you spend $8,000 on purchases on your new Card in your first 6 months of Card Membership

amex brilliant

Rewards Plan:
2X – 6X 6 Marriott Bonvoy points for each dollar of eligible purchases at hotels participating in the Marriott Bonvoy™ program, 3 points at Worldwide restaurants and on flights booked directly with airlines and 2 points on all other eligible purchases
Welcome Bonus:
95,000 points 95,000 Marriott Bonvoy bonus points after you use your new Card to make $6,000 in purchases within the first 6 months of Card Membership

Amex Delta SkyMiles Platinum card

Rewards Plan:
Up to 3x miles 3 miles per $1 spent on United purchases immediately after earning your $125 annual United purchase credit, 2 miles on all other travel and select streaming services, 1 mile on all other purchases
Welcome Bonus:
60,000 miles 60,000 bonus miles + 500 Premier qualifying points (PQP) after you spend $4,000 on purchases in the first 3 months your account is open.
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.
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amex platinum

Rewards Plan:
1X – 5X 5X points on up to $500,000 spent on directly-booked airfare and flights and prepaid hotels booked through American Express Travel (per calendar year), 2X points on prepaid car rentals through American Express Travel and 1X points on all other purchases
Welcome Bonus:
80,000 points 80,000 Membership Rewards® points after you spend $8,000 on purchases on your new Card in your first 6 months of Card Membership

amex brilliant

Rewards Plan:
2X – 6X 6 Marriott Bonvoy points for each dollar of eligible purchases at hotels participating in the Marriott Bonvoy™ program, 3 points at Worldwide restaurants and on flights booked directly with airlines and 2 points on all other eligible purchases
Welcome Bonus:
95,000 points 95,000 Marriott Bonvoy bonus points after you use your new Card to make $6,000 in purchases within the first 6 months of Card Membership

Amex Delta SkyMiles Platinum card

Rewards Plan:
1X – 3X 3X Miles on Delta purchases and purchases made directly with hotels, 2X Miles at restaurants worldwide including takeout and delivery in the U.S., and at U.S. supermarkets and 1X Miles on all other eligible purchases
Welcome Bonus:
85,000 miles 85,000 bonus miles after you spend $4,000 in your first six months
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.

How It Compared To Other Capital One Cards?

The Capital One VentureOne Rewards Credit Card, while a solid choice for entry-level travelers, has notable distinctions when compared to other Capital One cards. In contrast to its siblings, the Capital One Venture or Venture X Rewards, which carries an annual fee, the VentureOne stands out for its no-annual-fee structure. Hoever, these cards offer a more robust rewards rate and better travel perks.

Although the VentureOne doesn't feature in this analysis, the Capital One Savor Rewards Credit Card, geared towards dining and entertainment enthusiasts, and the Capital One Quicksilver Cash Rewards Credit Card, emphasizing simplicity with a flat 1.5% cash back on all purchases, represent alternative options with distinct focuses.

How It Compared To Other Travel Cards With No Annual Fee?

When evaluating the Capital One VentureOne Rewards Credit Card against other travel cards with no annual fee, the rewards ratio is lower – but it has other advantages, such as the welcome bonus or 0% intro.

Compared to the Bank of America Travel Rewards Credit Card or Discover it miles, the VentureOne boasts a lower flat-rate rewards system, earning 1.25 miles per dollar on all purchases compared to Bank of America or Discover's 1.5 miles per dollar.

Wells Fargo Autograph Card, another no-annual-fee travel card, boasts a broader range of bonus categories with 3X points on dining, gas stations, and travel. Contrasting with the Delta SkyMiles Blue American Express Car targetings Delta loyalists, the VentureOne offers more flexibility in earning and redeeming rewards on various travel expenses beyond airline-specific perks.

Is It The Right Card For You?

The Capital One VentureOne Rewards Credit Card is well-suited for beginners who desire a card without an annual fee. It is a suitable starting point for individuals who unfamiliar with how travel miles and points work.

Although the reward rate is relatively low, the card offers several transfer partners that one can take advantage of. Moreover, the card may be attractive to individuals who wish to earn rewards without the added burden of tracking rotating bonus categories or spending caps.

Furthermore, for individuals who are new to the credit card scene and are looking to establish their credit score, starting with a basic credit card is advisable. By using the card responsibly and making timely payments, one can effectively improve their credit score.

If you would like to access to better travel rewards with Capital One, you can consider the Venture Rewards card or Venture X card, which is the most premium travel card Capital One offers.

How To Maximize Card Benefits?

Here are some tips that will help you to maximize the benefits of VentureOne Rewards Credit Card:

If you are about to make a big purchase and want to pay it overtime Capital One VentureOne Rewards Credit Card offers an intro APR for the first 18 months on purchases and balance transfers. 

It may be a good option if you want to consolidate your debt into one credit card or use the new card for your next vacation.

There are more than 15 transfer partners to whom you can transfer your miles, but to whom should you transfer to maximise your redemption? So here is the list of some of the best return partners of the capital one:

  • Turkish Airlines Miles&Smiles: This is a great option for domestic flights, with a value of around 1.4 cents per mile.
  •  Air France/KLM Flying Blue: If you want a great redemption option with your miles while travelling from the US to Europe, Flying Blue could be a great option.
  • Air Canada Aeroplan: The value of this Air Canada Aeroplane is around 1.9 cents per point, so it's a great redemption option.

As previously mentioned, there is no limit to the rewards that can be earned with this card. To fully benefit from it and maximize its advantages, it is recommended to use the card for all purchases. This will enable you to accumulate more miles that can be redeemed for rewards.

 

How To Apply?

It's easy and quick to apply for the VentureOne Card:

Step 1: Visit the Capital One VentureOne Credit Card page and click “Apply Now”.

Step 2: After you click on apply now, you will be directed to the pages where you have to fill out your personal information like name, email, occupation, etc.

Capital One VentureOne review
(screenshot from capitalone.com)

Step 3: You will be shown a preview page to ensure that the information you entered is valid. Finally, make sure you read the key disclosure page to learn about your eligibility, fees, expenses, rates, and so on. Then, to finish the process, click “submit.”

FAQs

The redemption value of Capital One VentureOne Rewards miles is one cent per mile.

Yes, Capital One VentureOne Rewards miles can be transferred to various transfer partners such as airlines and hotels.

Yes, the Capital One VentureOne Rewards Credit Card can be used outside of the United States with no foreign transaction fees.

Yes, you can add an authorized user to your Capital One VentureOne Rewards Credit Card.

Compare Capital One VentureOne Card

The Venture card offers better travel perks and rewards ratio than the VentureOne, but lacks 0% intro APR. Here's our side-by-side comparison

Capital One Venture vs. VentureOne: How They Compare?

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Picture of Lorraine Smithills

Lorraine Smithills

Lorraine is a freelance finance writer with years of experience in the banking sector and after a successful career in one of the largest retail and commercial financial services providers. She has a passion for helping people with less financial confidence to get control of their money through budgeting, saving, and responsible credit practices.
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Rewards Plan:
1X – 5X 5X points on up to $500,000 spent on directly-booked airfare and flights and prepaid hotels booked through American Express Travel (per calendar year), 2X points on prepaid car rentals through American Express Travel and 1X points on all other purchases
Welcome Bonus:
80,000 points 80,000 Membership Rewards® points after you spend $8,000 on purchases on your new Card in your first 6 months of Card Membership

amex brilliant

Rewards Plan:
2X – 6X 6 Marriott Bonvoy points for each dollar of eligible purchases at hotels participating in the Marriott Bonvoy™ program, 3 points at Worldwide restaurants and on flights booked directly with airlines and 2 points on all other eligible purchases
Welcome Bonus:
95,000 points 95,000 Marriott Bonvoy bonus points after you use your new Card to make $6,000 in purchases within the first 6 months of Card Membership

Amex Delta SkyMiles Platinum card

Rewards Plan:
1X – 3X 3X Miles on Delta purchases and purchases made directly with hotels, 2X Miles at restaurants worldwide including takeout and delivery in the U.S., and at U.S. supermarkets and 1X Miles on all other eligible purchases
Welcome Bonus:
85,000 miles 85,000 bonus miles after you spend $4,000 in your first six months
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.
Top Offers From Our Partners

amex platinum

Rewards Plan:
1X – 5X 5X points on up to $500,000 spent on directly-booked airfare and flights and prepaid hotels booked through American Express Travel (per calendar year), 2X points on prepaid car rentals through American Express Travel and 1X points on all other purchases
Welcome Bonus:
80,000 points 80,000 Membership Rewards® points after you spend $8,000 on purchases on your new Card in your first 6 months of Card Membership

amex brilliant

Rewards Plan:
2X – 6X 6 Marriott Bonvoy points for each dollar of eligible purchases at hotels participating in the Marriott Bonvoy™ program, 3 points at Worldwide restaurants and on flights booked directly with airlines and 2 points on all other eligible purchases
Welcome Bonus:
95,000 points 95,000 Marriott Bonvoy bonus points after you use your new Card to make $6,000 in purchases within the first 6 months of Card Membership

Amex Delta SkyMiles Platinum card

Rewards Plan:
Up to 3x miles 3 miles per $1 spent on United purchases immediately after earning your $125 annual United purchase credit, 2 miles on all other travel and select streaming services, 1 mile on all other purchases
Welcome Bonus:
60,000 miles 60,000 bonus miles + 500 Premier qualifying points (PQP) after you spend $4,000 on purchases in the first 3 months your account is open.
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.

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Editorial Note: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.

Credit Card Reviews Methodology

In order to determine the best possible credit cards, we look at things like fees, interest rates and rewards. We do this with companies that are associated with us as partners as well as other offerings. From there, we make a decision about what the best card is related to different categories and needs. We focus on interest rate cost & fees, especially the cost of carrying a balance, rewards – cards accumulate rewards in different currencies—points, miles, cash back—and their values vary widely usability – cards that accept a wide range of credit profiles and offer simple solutions for things like checking your credit score or contacting. We also consider customer reviews.

We look at cards related to good or excellent credit ratings that will then provide a range of different benefits and improvements for someone who has these scores. We also look at low fees when it comes to those who have lower credit scores.