Capital One VentureOne Rewards Credit Card Review

Capital One VentureOne Rewards Credit Card ā€” all information about the card.

By Hanna Volkava
Updated October 12, 2023

Good Choose for Rewards, No Annual Fee, Daily use

VentureOne Rewards Capital One
Learn more
Our Rating:
4.63 out of 5
scorer
Recommended credit score
Good to Excellent (670-799)
  • Rewards Rate:
    • 5x Miles per dollar on hotels and rental cars booked through Capital One Travel.
    • 1.25x Miles per dollar on all purchases.
  • Intro Offer:
    • 20,000x Bonus miles once you spend $500 on purchases within the first 3 months from account opening.
  • Annual Fee:
    $0
  • Purchase Intro APR:
    0% Introductory APR for the first 15 months that your account is open
  • Regular APR:
    19.99% - 29.99% Variable
  • Balance Transfer APR:
    19.99% - 29.99% Variable
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Capital One VentureOne Rewards Credit Card Rewards Calculator

How do you record your expenses?
Enter your monthly spendings on:
5X
Hotels
$
5X
Car rental
$
1.25X
All purchases
$
Have you already recieved the Capital One intro bonus?
How would you like to redeem points?
Calculate
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All benefits

  • Miles
    • 5x On hotels and rental cars booked through Capital One Travel.
    • 1.25x On all purchases.
  • Travel
    • No Foreign Transaction Fees:
    • You wonā€™t pay a transaction fee when making a purchase outside of the United States.
    • Auto Rental Collision Damage Waiver:
    • Rent an eligible vehicle with your credit card and you can be covered for damage due to collision or theft.
    • Travel Accident Insurance:
    • Get automatic insurance for a covered loss at no extra charge when you use your credit card to purchase your fare.
    • Transfer Your Miles:
    • With our Venture and VentureOne miles rewards cards, transfer your rewards miles to one of our 10+ travel loyalty programs for more flexibility.

Rate and fee information

  • Purchase Intro APR
    • 0% Introductory APR for the first 15 months that your account is open
  • Purchase APR
    • 19.99% - 29.99% Variable
  • Intro Balance Transfer APR
    • 0% Introductory APR for the first 15 months that your account is open
  • Balance Transfers APR
    • 19.99% - 29.99% Variable
  • APR for Cash Advances
    • 29.99% Variable
  • How to Avoid Paying Interest
    • Your due date is at least 25 days after the close of each billing cycle. You will not be charged interest on new purchases, provided you have paid your previous balance in full by the due date each month. You will be charged interest on cash advances and transfers on the transaction date.

Fees

  • Annual Fee
    • $0
  • Fees for Balance Transfer
    • 3% of the amount of each transferred balance that posts to your account during the first 15 months that your account is open or at a promotional APR. None for transferred balances at the Purchase APR after the first 15 months that your account has been open
  • Fees for Cash Advances
    • Either $3 or 3% of the amount of each cash advance, whichever is greater
  • Late Payment
    • Up to $40
View all Rates & Fees

Pros & Cons

Pros:
  • No annual fee
  • No Foreign Transaction Fee
  • 15-month 0% APR intro offer
  • Bonus for New Members
Cons:
  • Lower Reward Rates
  • High APR

Features

Classic
Visa
  • 0% Intro APR
  • Low interest
  • No Annual Fee
  • No foreign transaction fees
  • Payment Flexibility
  • Fraud Protection
  • Rewards
  • Purchase Protection
  • Extended Warranty Protection
  • Travel
  • Airline
  • Auto Rental Insurance
  • Good Credit
  • Excellent Credit

About the issuer

Capital One has several card types depending on your needs.
Manage your Account & Pay your Bill
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  • $0
    Annual Fee
  • 26.24%
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  • 5x
    Miles on hotels and rental cars booked through Capital One Travel.
  • None
    Purchase Intro APR
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  • None
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  • $395
    Annual Fee
  • 19.99% - 29.99%
    Regular APR
  • 10,000x
    10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary.
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Capital One VentureOne Rewards Credit Card Review

VentureOne Rewards Credit Card by Capital One is designed for regular travelers. It offers 1.25x reward miles and 20,000 miles intro bonus if you spend $500 in the first three months. You will also get additional 5x reward miles on hotels and rental cars if you book them through Capital OneĀ® Travel. There is no annual fee, and miles redemption is straightforward.

Capital One VentureOne Rewards credit card offers a 0% intro APR on purchases and balance transfer for the first 15 months (19.99% - 29.99% Variable after that). There is no foreign transaction fee, and reward miles can be easily redeemed if you book your trips using Capital One Travel or make online purchases using Paypal or on Amazon. Miles can also be transferred to 15+ hotel and airline loyalty programs at varying transfer ratios. The credit score recommended for this card is good to excellent.

Capital One VentureOne Rewards: pros and cons

Pros: Cons:
No Annual Fee. The card doesnā€™t charge an annual fee; quite a unique feature among travel cards. Lower Reward Rates. There are other travel credit cards with no annual fee but with a more generous cash back rate.
No Foreign Transaction Fee. Even as you make purchases outside of the USA, the VentureOne Rewards credit card doesnā€™t charge any transaction fees. High APR. Although there is 0% intro APR during the first 15 months, a variable purchase APR of 19.99% - 29.99% will be applied later on.
15-month 0% APR intro offer. You wonā€™t have to pay interest on purchases and balance transfers within the first 15 months from account opening (19.99% - 29.99% Variable after that).
Bonus for New Members. New members get 20,000 miles if they make purchases worth $500 in the first three months from account opening.

Rewards system in a nutshell

Capital One VentureOne Rewards offers 1.25 miles for every $1 spent. In addition, you will also earn 5x miles for each dollar spent on hotel stays and car rental booked through Capital One Travel. This increased rate was added relatively recently, and it gives VentureOne a significant competitive advantage over other no-annual-fee travel credit cards.

To calculate your potential rewards earnings, simply use our VentureOne rewards calculator.

Ways to redeem Capital OneĀ® reward miles

There are several ways you can redeem your miles earned with VentureOne Credit Card:

  1. Transfer your reward miles to another CapitalOne account at a 1:1 value.
  2. Use miles with PayPal or Amazon.com. You can purchase items on Amazon or any online store that accepts PayPal using your reward miles. One mile will have a value of 0.8 cents.
  3. Transfer your reward miles to 15+ hotel and airline loyalty programs. There are three tiers of rewards miles transfer ratios: 2:1.5 for EVA Air, Air Canada, British Airways, Turkish Airlines, and Flying Blue (Air France/KLM), 2:1 for Accor Live Limitless, Emirates, Singapore, and 1:1 in all other cases, i.e., Aeromexico, Finnair, TAP Air Portugal.
  4. Redeem your reward miles in the form of cash back. In this case, 1 mile is worth from 0.5 to 1 cent.
  5. Get account credit for the sum you spent on travel purchases. To do this, you need to visit capitalone.com or call its Rewards Center. This feature is available only within the first 90 days after travel purchases are posted on your account.

Who can benefit from getting the Capital One VentureOne Rewards Credit Card?

Capital One VentureOne credit card is a good choice for people looking for travel rewards. This card is a good option for those who travel occasionally and donā€™t want to worry about an annual fee.

A sign-up bonus for new cardholders is a good incentive. By spending $500 on purchases during the first 3 months of account opening, cardholders will receive 20,000 bonus miles worth up to $200. While somebody may find this offer insignificant for a travel credit card, you must remember that you earn these miles without paying an annual fee.

However, this credit card is not for frequent travelers as the reward rate would earn them significantly less than other travel cards. Furthermore, people who travel rarely might also not benefit and hence, are more inclined towards cash back rewards credit cards instead.

Are there any other benefits?

  1. Capital One Lounge: Visit a Capital One Lounge in the airport while waiting for your flight.
  2. Travel Accident Insurance: Cover your unexpected travel costs for purchases made with Capital One VentureOne.
  3. Car Rental Insurance: In case of any theft or damages, cardholders receive secondary coverages for car rentals they booked and paid using VentureOne credit card.
  4. Virtual Card Number: Capital One increases the security of using your credit card by creating a virtual card number for your online purchases. It means you can enter a card number different from the one on your credit card, and the website where you make the purchase wonā€™t be able to access your actual card number.
  5. Extended Warranty: Cardholders can increase the warranty limit by 1 year for eligible purchases with a warranty of fewer than 3 years.
  6. Alerts from Eno about your account: In case of any unexpected fee or mistake detected by Capital One, they sent alerts via Eno right away.

Capital One VentureOne Rewards Vs. Capital One Venture Rewards Credit Card

Credit cards without an annual fee often look more attractive because there are no extra costs. However, it is possible to cover an annual fee with cash back or miles. It depends on your spending habits. Capital One offers its customers travel cards with and without an annual fee. Letā€™s look at the differences between VentureOne Rewards and Capital One Venture Rewards Credit Card credit cards.

VentureOne Rewards Capital One Venture Rewards Credit Card
Purchase APR 19.99% - 29.99% variable 19.99% - 29.99% variable
Intro APR 0% intro APR within 15 months from account opening No offer
Annual fee $0 $95
Rewards rate
  • 5x Miles per dollar on hotels and rental cars booked through Capital One Travel.
  • 1.25x Miles per dollar on all purchases.
  • 5x Miles on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options.
  • 2x Unlimited 2X miles on every purchase, every day.
  • Intro bonus
  • 20,000x Bonus miles once you spend $500 on purchases within the first 3 months from account opening.
  • 75,000x Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel.
  • Spending requirements for intro bonus $500 within the first 3 months $3,000 within the first 3 months

    As we can see, these two cards differ not only in rewards rate and annual fee. For example, VentureOne Rewards has a 15 months intro 0% intro APR bonus while Capital One Venture Rewards Credit Card does not. However, when comparing these two cards, we wonā€™t consider this fact not to make assumptions about your payout habits.

    In the table below, we calculated the rewards depending on the amount you spend. To make the calculations more straightforward, we made two assumptions:

    1. We observed only non-5x-miles purchases,
    2. The miles are worth 1 cent per mile.
    Monthly Spendings VentureOne Rewards annual earnings Capital One Venture Rewards Credit Card earnings Capital One Venture Rewards Credit Card annual earnings incl. annual fee
    100 15 24 -71
    200 30 48 -47
    500 75 120 25
    1000 150 240 145
    1055 158,2 253,2 158,2
    2000 300 480 385
    5000 750 1200 1105

    As we can see, the threshold when it is more profitable to have Venture Rewards instead of VentureOne Rewards is when your monthly spendings are more than $1,055. When we consider the intro bonus, the threshold even moves down to $1,000.

    Monthly Spendings VentureOne Rewards annual earnings Capital One Venture Rewards Credit Card annual earnings Capital One Venture Rewards Credit Card annual earnings incl. annual fee
    100 15 24 -71
    200 230 48 -47
    500 275 120 25
    1000 350 840 745
    2000 500 1080 985
    5000 950 1800 1705

    Conclusion

    Capital One VentureOne is the perfect credit card for people who travel several times a year. It has a $0 annual fee, flexible redemption options, introductory 0% purchase and balance transfer APR, and competitive APR later on. All this, combined with the wide range of additional services and security features, makes this card a compelling choice.

    However, if your monthly spendings on purchases other than hotels and car rental are more than $1,000 per month and you travel regularly, you should consider the Capital One Venture Rewards Credit Card ā€“ a $95 annual-fee analog with 2x miles on everyday purchases.

    FAQ

    What is the customer service phone number for Capital One VentureOne Rewards Credit Card?

    In case of any inquiries, you can contact a customer representative of Capital One by calling at 1-877-383-4802.

    How to check my application status for Capital One VentureOne Rewards Credit Card?

    You can call at 1-800-903-9177 to check the status of your credit card application. Capital Oneā€™s customer service usually responds within 60 seconds and emails you within 7 to 10 days from the date of your application about the final status.

    Is Capital One VentureOne a VisaĀ® or MastercardĀ®?

    The Capital One VentureOne Card is a Visa Signature credit card that includes benefits like extended warranty, travel accident insurance, and rental car insurance.

    For Capital One products listed on this page, some of the above benefits are provided by VisaĀ® or MastercardĀ® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply

    Hanna VolkavaHanna Volkava

    Financial and product expert

    hv@myfin.us
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    5 out of 5
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    • None
      Annual Fee
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