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The VentureOne® Rewards from Capital One® is a decent option among credit cards with no annual fee. The ability to transfer miles to travel partners—both airlines and hotels—is arguably the most attractive feature of this travel card. The 0% introductory APR for 15 months and sign-up bonus of 20,000 miles give the card added value as well.
Secure application on issuer’s website.
Annual Fee: $0
Bonus: 20,000 Miles
APR: Variable APR After Intro 0% APR Period
Rewards Rate: 1.25X Miles
Details: Full Review
Terms and restrictions apply
Annual Fee: $0
Intro APR: The card offers an introductory 0% APR for the first 15 months from account opening on purchases. The VentureOne Rewards Card charges a 3% balance transfer fee for transferred balances during the 15-month promotion.
APR: After the intro 0% APR offer concludes, a variable APR will apply.
Rewards Rate: The card offers unlimited 1.25x miles per dollar on every purchase you make, giving cardholders predictability and simplicity.
Sign-Up Bonus: New cardholders can earn 20,000 bonus miles after spending $500 with the card during the first three months of account opening.
Who Should Use This Credit Card? Travel rewards enthusiasts who want simplicity in credit card rewards and benefits without paying an annual fee.
Why We Like the Capital One® VentureOne® Rewards Credit Card
The Capital One VentureOne Rewards Credit Card features several standout benefits. The introductory, 15-month APR of 0% is notable, and so is the 20,000 bonus mile opportunity with a low $500 spending requirement.
But perhaps the most appealing feature of this travel credit card is the ability to transfer miles to Capital One travel partners—an uncommon feature on a card with no annual fee.Plus, the ability to transfer miles to travel partners—both airlines and hotels—is arguably the most attractive feature of this travel card.
Capital One VentureOne Rewards Credit Card Review
The Capital One VentureOne Rewards Credit Card may work well for travel credit card users who want to earn rewards without the cost of an annual fee. The lack of foreign transaction fees makes it a good fit for frequent international travelers as well.
Currently, the VentureOne Card comes with an introductory APR of 0% for the first 15 months after you open your account. If you can meet the minimum spending criteria of $500 on purchases within the first three months from account opening, you can earn 20,000 bonus miles.
The VentureOne Card also gives you the opportunity to earn 1.25x miles per dollar on every purchase you make. The card doesn’t offer bonus spending categories (except for hotel and rental car purchases you make through the Capital One Travel). So, it’s simple to earn miles and track your rewards.
At the same time, the regular 1.25x rewards rate is limited compared with several other no-annual-fee card offers that are currently available. If your credit is in good shape, you may be able to qualify for a card with a higher rewards rate—even on accounts that don’t charge annual fees.
When you open a new Capital One VentureOne Rewards Credit Card, you have the opportunity to earn 20,000 bonus miles. To qualify for the one-time new cardholder offer, you must spend at least $500 on purchases within the first three months from account opening.
The Capital One VentureOne does not charge cardholders an annual fee. As long as you pay off your statement balance in full every month, it may be possible to enjoy the card (and any miles you earn while using it) at zero cost.
Cardholders can earn 1.25x miles per dollar spent on every purchase they make using the Capital One VentureOne Rewards Credit Card. There’s no limit on the amount of rewards you can earn. Your rewards never expire as long as your account is open and in good standing.
Travel Rewards Rate
You do have the opportunity to earn 5x miles per dollar you spend on certain purchases from the card issuer’s secure website—Capital One Travel. These travel purchases must be for hotel and rental car costs only to be eligible for the higher rewards rate. Also, if you use your VentureOne Card to pay for add-on travel costs outside of the Capital One Travel portal (i.e. upgrades, hotel incidental fees, etc.), those other purchases will earn the standard 1.25x rewards rate.
Introductory Annual Percentage Rate (APR)
New cardholders can enjoy 0% APR on purchases and balance transfers for the first 15 months their accounts are open. The VentureOne Rewards Card charges a 3% balance transfer fee for transferred balances during the 15-month promotion.
Once the 0% introductory APR period expires, the card’s regular annual percentage rate will kick in for purchases. The APR on your account is based on your creditworthiness.
Whichever APR the issuer offers you, it will be variable. A variable APR means that your interest rate may adjust up or down periodically with the Prime Rate.
To qualify for a new VentureOne account with all the bells and whistles, Capital One requires you to have excellent credit. Unfortunately, the card issuer doesn’t disclose a recommended credit score. So it’s tough to know the exact minimum credit score you need before you apply.
According to FICO, a FICO Score of 800 or higher is exceptional. A FICO Score between 740-799 is very good. So, there’s a good chance you may qualify if your FICO Score is 740 or above.
In addition to a credit score review, Capital One says that your credit report should show that you have never:
- Filed bankruptcy
- Defaulted on a loan
- Paid a credit obligation 90 days late (or worse) in the last 12 months
Your credit report also needs a credit card or loan that’s at least three years old. And the account should have a credit limit that’s higher than $5,000.
There is card option available for consumers with good credit instead of excellent (VentureOne Rewards for Good Credit). FICO considers a score of 670-739 to be good. But, each card issuer or lender sets its own approval criteria.
If you qualify for the VentureOne Rewards for Good Credit account (instead of the excellent credit offer), your APR will be slightly higher. You can still earn 1.25x travel rewards, but the account won’t be a Visa Signature Card nor will you be able to use those benefits. You’ll also miss out on the 0% introductory APR offer and the sign-up bonus.
Capital One VentureOne Benefits
On top of the rewards and new cardholder bonus offer detailed above, the VentureOne Card comes with several other benefits worth mentioning.
No Foreign Transaction Fees
The VentureOne may be a good choice of payment when you’re traveling abroad. The card does not feature added foreign transaction fees—an attractive benefit for a card without an annual fee.
Emergency Card Replacement
You can request an emergency replacement from your card issuer if your Capital One VentureOne Rewards Credit Card is ever lost or stolen.
Auto Rental Collision Damage Waiver
When you pay for a car rental with your Capital One VentureOne Card, the vehicle may be covered for collision and theft-related damages if something goes wrong. Again, this benefit is only available if you qualify for the Visa Signature version of the card.
Purchase eligible products with your VentureOne Card (Visa Signature version only), and those items may receive extra warranty protection. The benefit doubles the time period of the original manufacturer’s warranty up to one additional year.
Free Credit Score
You can check your credit score (VantageScore 3.0 based on your TransUnion credit report) through CreditWise® from Capital One. This benefit is available to anyone—cardholders and non-cardholders alike.
When you’re ready to cash in the rewards you’ve earned on your CapitalOne VentureOne Card, there are several ways to do so.
When you make eligible travel purchases using your VentureOne Card, you can redeem your rewards as a statement credit. Be sure to request the credit within 90 days from the date the travel purchase posts to your account. Otherwise, this option may not be available.
You can transfer the miles you earn to 17 transfer partners —14 airlines and three hotel loyalty programs— allowing you flexibility with your Capital One miles and book directly with your favorite loyalty program. This is an unusual feature to find in a no-fee rewards credit card.
Capital One airline transfer partners list:
- Aeromexico Club Premier
- Air France/KLM Flying Blue
- Air Canada Aeroplan
- Asia Miles
- Avianca LifeMiles
- British Airways
- Emirates Skywards
- Etihad Guest
- EVA Air Infinity MileageLands
- Finnair Plus
- Qantas Frequent Flyer
- Singapore Airlines
- TAP Air Portugal Miles&Go
- Turkish Airlines
Capital One hotel transfer partners include:
- Accor Live Limitless
- Choice Privileges
- Wyndham Rewards
Another way to tap into the rewards on your VentureOne Card is to redeem them via PayPal (travel-related or non-travel purchases). Through your PayPal account, you can apply Capital One rewards toward online purchases from third-party merchants that accept PayPal payments.
You can link your Capital One VentureOne Card to your Amazon account. By doing so, you will be given the option to pay with rewards when you check out at Amazon.com.
Since the VentureOne Card does not require an annual fee, it’s possible to open and use the account without any extra cost to you. To avoid interest, simply pay your full statement balance by the due date—just as with most other credit cards.
Below are some additional fees you could potentially pay the card issuer, depending on how you use and manage your account.
Balance Transfer Fee
Some balance transfers on your VentureOne Card may include an additional balance transfer fee while others do not. For balance transfers that feature your regular account APR, no balance transfer fee will apply. On the other hand, if Capital One offers you the chance to transfer a balance at a promotional APR, the card issuer may charge you a 3% transfer fee if you take advantage of the offer.
If you don’t pay at least the minimum payment by the due date on your statement, Capital One may charge you up to $40.
Cash Advance Fee
You’ll pay either a flat-rate transaction fee of $10 or 3% for each cash advance you take on your account, whichever is greater. The 3% fee is based on the amount of the cash advance.
Capital One VentureOne vs. Capital One® Venture® Rewards Credit Card
Are you debating between the VentureOne Card and the Capital One Venture Rewards Credit Card? Both cards share many similar benefits, such as unlimited reward earning potential and the ability to transfer miles to Capital One’s travel partners. But there are some key differences as well.
|Capital One VentureOne Rewards Credit Card||Capital One Venture Rewards Credit Card|
|Sign-Up Bonus||20,000 bonus miles when you spend $500 on purchases within the first 3 months from account opening||60,000 bonus miles after spending $3,000 in the first 3 months from account opening|
|Rewards Rate||1.25X miles||2X miles|
|Annual Percentage Rate||0% for the first 15 months, then variable APR based on creditworthiness||variable APR based on creditworthiness|
|Redeeming Rewards||Transfer Capital One miles to airline and hotel loyalty programs, redeem miles as a statement credit (for eligible purchases), pay for Amazon.com purchases and more||Transfer Capital One miles to airline and hotel loyalty programs, redeem miles as a statement credit (for eligible purchases), pay for Amazon.com purchases and more|
|Credit Requirements||Good to excellent credit score and credit history (good credit version of the card comes with fewer benefits)||Excellent credit score and credit history|
|Other Benefits|| || |
In the end, deciding between these two cards should generally come down to your spending habits. If you plan to use the card for $1,056 (or more) in purchases each month, the Venture Card gives you the bigger bang for your buck in terms of travel rewards. Even after you factor in the Venture card’s $95 annual fee, you should come out ahead in overall value. But if you don’t believe you’ll spend $1,056 or more on your new account each month, the VentureOne Card is probably the better fit.
Is the Capital One VentureOne Credit Card Right for You?
My first experience with rewards credit cards happened at a young age. I was 18 years old and still in college. As a financially strapped college student, the idea of earning credit card rewards on my spending appealed to me. But I wasn’t a fan of the annual fee.
Fast forward a few years and I began to learn how to earn and leverage credit card rewards better. Eventually,my opinions about annual fee credit cards changed. I now hold several premium travel cards in my wallet—several which come with a hefty annual fee. I get much more value from these cards than I pay out in yearly fees.
Still, I understand that annual fee cards aren’t for everyone. Some people dislike annual fees on principle. Others may feel that they don’t have room for another fee-heavy card in addition to the accounts they already have open. If you fit into either of these categories and you’re looking for an affordable travel credit card, the VentureOne Rewards Card is worth a look.
Before you start an application on the card issuer’s secure website, it’s worth noting that you may be able to find a travel credit cardthat offers higher rewards or better perks. This is especially true if you have a good to excellent credit score and you don’t mind paying an annual fee for some added value.
Some cash-back credit cards(like the Citi Double Cash Card) offer higher rewards, which you could spend on travel purchases or anything else. Better deals on balance transfers may be available too. If you’re a fan of a particular airline or hotel brand, a co-branded credit card (like something from the Marriott Bonvoy or IHG Rewards collection) might also be worth considering.
The bottom line is that you should take your time and shop around before you choose a credit card. It’s important to find the card that best fits your spending habits and offers rewards and benefits that give you the best value.