Credit Cards » Credit Card Reviews » Capital One VentureOne Rewards Card Review (2023)
Advertiser Disclosure This website is an independent, advertising-supported comparison service. The product offers that appear on this site are from companies from which this website receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This website does not include all card companies or all card offers available in the marketplace. This website may use other proprietary factors to impact card offer listings on the website such as consumer selection or the likelihood of the applicant’s credit approval. This allows us to maintain a full-time, editorial staff and work with finance experts you know and trust. The compensation we receive from advertisers does not influence the recommendations or advice our editorial team provides in our articles or otherwise impacts any of the editorial content on The Smart Investor. While we work hard to provide accurate and up to date information that we think you will find relevant, The Smart Investor does not and cannot guarantee that any information provided is complete and makes no representations or warranties in connection thereto, nor to the accuracy or applicability thereof. Learn more about how we review products and read our advertiser disclosure for how we make money. All products are presented without warranty.

Capital One VentureOne Rewards Card Review (2023)

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: September 20, 2023
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: November 1, 2023

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

Credit Rating

Good – Excellent

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

0% Intro

18 months on purchases and balance transfers

PROS

CONS

APR

19.99% - 29.99% variable

Annual Fee

$0

Balance Transfer Fee

$3 or 3%, whichever is greater

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.

However, while the Capital One VentureOne Rewards Credit Card is a strong contender in the no-annual-fee category, there are other cards in the same category that may offer additional benefits.  Overall, the Capital One VentureOne Rewards card is a good choice for those looking to earn rewards on their everyday purchases without paying an annual fee.

  • Rewards And Welcome Bonus
  • Airlines And Hotels Transfer Partners
  • Unlimited Miles With No Expiration
  • 0% Intro APR
  • Protection
  • No Special Travel Benefits
  • Low Rewards Rate

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.

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.

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.

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.