Capital One VentureOne Rewards Credit Card Review

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 One® 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

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 One® 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 don’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 won’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. Let’s look at the differences between VentureOne Rewards and Capital One Venture Rewards Credit Card credit cards.

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 won’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.

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.

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 – a $95 annual-fee analog with 2x miles on everyday purchases.

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