Capital One VentureOne Card review: No annual fees, generous welcome bonus, and easy-to-earn rewards
Capital One VentureOne Rewards Credit Card
CardRatings Editor's Analysis: Pros & Cons
- A travel rewards card with an intro 0% APR offer?! You read that right: This card offers an introductory 0% APR on purchases and balance transfers for 15 months from account opening (then, 15.24% - 25.24% (Variable)).
- All of the flexibility of the Capital One Venture Rewards Credit Card without the annual fee.
- Opportunity to earn a great early spend bonus of 20,000 miles (equal to $200 in travel credit) after spending $500 in the first three months.
- If you plan to spend $10,000 or more annually, the Capital One Venture Rewards Credit Card may be a better choice to earn greater rewards.
TABLE OF CONTENTS
- Capital One VentureOne Rewards
- Capital One VentureOne Card Benefits
- Capital One VentureOne Rewards Credit Score Needed
- Potential Downsides of the Capital One VentureOne Card
- Capital One VentureOne Cardholder Scores
- How the Capital One VentureOne Compares to Other Rewards Cards
- Is Capital One VentureOne a Good Card?
The Capital One VentureOne Rewards Credit Card rarely gets much attention outside of its own website since the big brother Capital One Venture Rewards Credit Card has stolen the spotlight through national ad campaigns. But the Capital One VentureOne Rewards Credit Card holds its own thanks to word-of-mouth and a not-ungenerous 1.25 miles per $1 spent on all your purchases. Sure, that's less than the better-known sibling's two-miles-per-$1 offer, but with no annual fee, the Capital One VentureOne Rewards Credit Card could be just the right "no-strings-attached" fit for a rewards-card seeker who just doesn't travel enough or spend enough on credit cards to justify an annual fee.
Most notable features of the Capital One VentureOne Rewards Credit Card:
- Enjoy a one-time bonus of 20,000 miles once you spend $500 on purchases within three months from account opening, equal to $200 in travel.
- Earn unlimited 1.25 miles per $1 on every purchase, every day, and pay no annual fee.
- Earn 5X miles on hotels and car rentals booked through Capital One Travel.
- Transfer your miles to multiple leading travel loyalty programs.
- Fly any airline, stay at any hotel, anytime.
- Enjoy a 0% intro APR on purchases and balance transfers for 15 months (then, 15.24% - 25.24% (Variable)).
- Travel when you want with no blackout dates.
- Pay no foreign transaction fees.
- Miles won't expire for the life of the account and there's no limit to how many miles you can earn.
- 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
- Earn unlimited 2X miles on every purchase, every day
- Miles won't expire for the life of the account and there's no limit to how many you can earn
- Receive up to a $100 credit for Global Entry or TSA PreCheck®
- Earn 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
- Use your miles to get reimbursed for any travel purchase-or redeem by booking a trip through Capital One Travel
- Transfer your miles to your choice of 15+ travel loyalty programs
- No foreign transaction fees
When we called the Capital One VentureOne Rewards Credit Card a "no strings attached" card above, we meant it.
While some rewards credit cards, particularly travel rewards cards, have an introductory no-annual-fee offer for the first year, many expect you to pay a fee every year after that. With the Capital One VentureOne Rewards Credit Card, this is something you'll never have to worry about, which means you don't need to work through the math of whether you'll earn enough rewards in a given year to offset the fee.
And though you might not earn as many miles per purchase as with the $95-per-year Capital One Venture Rewards Credit Card, the Capital One VentureOne Rewards Credit Card does still allow you to rack up 1.25 miles for every $1 spent; offers a nice welcome offer of 20,000 miles after spending $500 in the first three months; and as an added bonus, has introductory 0% interest APR on purchases and balance transfers for the first 15 months (then, 15.24% - 25.24% (Variable)). These perks, along with no annual fee ever, certainly make the Capital One VentureOne Rewards Credit Card one to not overlook.
There are a also a number of travel benefits offered with this card. Capital One VentureOne Rewards Credit Card holders have access to travel accident insurance, 24-hour travel assistant services, auto rental collision damage waiver, and more. There are also no foreign transaction fees associated with this card, making it a great international companion as well.
Capital One VentureOne Rewards Credit Card offers lucrative rewards, but you'll need solid credit in order to access them. Capital One notes that it is looking for applicants who haven't declared bankruptcy or defaulted on a loan, have had a credit card or loan with at least a $5,000 limit for three years or more and who haven't been more than 60 days late on a payment. Their website also states that "these are only guidelines to help you narrow your selection, and additional factors from your application and credit history will also be considered. You may meet these criteria and still be declined."
In terms of actual numbers, the credit bureau Experian says those with excellent credit usually have FICO scores of at least 800. Please note, however, that this number can vary between different bureaus.
No annual fee is great, but those looking for a rewards card that will gain miles quickly might become frustrated with the 1.25 mile per $1 ratio. While the no annual fee perk makes the Capital One VentureOne Rewards Credit Card a great option for those who have time to work on their mile accumulation, those wanting to gain miles fast might want to consider a card with a higher mile-to-$1 ratio.
CardRatings conducts a survey annually to learn what actual cardholders think of their cards. Here are the results:
|Current Scores||Past Scores (avg.)|
|Rewards Program Satisfaction||8.3||8.2|
|Likelihood of Continuing to Use||8.7||8.6|
|Recommend to a Friend/Colleague||8.1||8.1|
Capital One VentureOne vs. Citi® Double Cash Card
The Citi® Double Cash Card - 18 month BT offer earns cash back instead of miles, but the nice thing about that is you can put your rewards towards anything, including travel. Plus, this no-annual-fee card earns just a bit more than the VentureOne card, that is, if you pay your monthly bill on time. With the Citi® Double Cash Card you'll earn 1% cash back when you make your purchases and then another 1% when you pay for your purchases. Just make sure you pay at least the minimum due on time.
There isn't a traditional welcome bonus offered with this card, but it does offer intro 0% APR on balance transfers for 18 months, which is a nice bonus in and of itself. After the intro period expires, 14.74% - 24.74% (Variable) will apply.
If you're looking for a card to travel internationally with, this might not be your best option as it charges a 3% fee on all foreign transactions.
Capital One VentureOne vs. Capital One Quicksilver Cash Rewards Credit Card
The Capital One Quicksilver Cash Rewards Credit Card is yet another very similar card to the Capital One VentureOne Rewards Credit Card. The Capital One Quicksilver Cash Rewards Credit Card has no annual fees, no foreign transaction fees, a 0% intro APR period on purchases and balance transfers (for 15 months, then 15.24% - 25.24% (Variable) after that), has a decent signup bonus ($200 cash back after spending $500 on purchases within the first three months from account opening), and earns rewards on every purchase made.
One big difference though is that like the Citi® Double Cash card, the Capital One Quicksilver Cash Rewards Credit Card earns cash back instead of miles, and the earning rate is a bit higher, at 1.5% per dollar spent, versus the 1.25 you get with the Capital One VentureOne Rewards Credit Card.
Capital One VentureOne vs. Capital One Venture Rewards Credit Card
Do you and your family only have a couple long weekends on the horizon, or are you dreaming of a year of jetsetting? Choosing between the Capital One VentureOne Rewards Credit Card and the Capital One Venture Rewards Credit Card just requires you to know your annual "break-even" point.
Both the Capital One VentureOne Rewards Credit Card and Capital One Venture Rewards Credit Card feature one-time bonus offers for new cardholders. The Capital One VentureOne Rewards Credit Card offers a one-time bonus of 20,000 miles once you spend $500 on purchases within the first three months, equal to $200 in travel, and the Capital One Venture Rewards Credit Card offers a bonus of 75,000 bonus miles when you spend $4,000 on purchases in the first three months from account opening.
If you are looking at bonus offers alone, the Capital One Venture Rewards Credit Card is a clear front-runner for the slot in your wallet reserved for a travel rewards card; however, if you don't spend very much on credit cards or don't travel that often, the Capital One VentureOne Rewards Credit Card becomes a better deal as the years pass.
Quick math estimates that, with the Capital One Venture Rewards Credit Card annual fee, you'll have to spend about $5,000 on the card every year to break even, if you don't earn the welcome bonuses. If you're funneling every monthly expense, vacation charge and supermarket purchase to your travel rewards card, you'll hit that mark pretty quickly each year. If that's not for you, the Capital One VentureOne Rewards Credit Card gives you the ability to earn rewards for travel without spending a dime on annual fees.
The Capital One VentureOne Rewards Credit Card is a great no annual fee credit card option for those who are in no hurry to cash in on their miles, and who have some time to work on their mile accumulation. Plus, if you're just looking for a card that earns miles in the background while you go about your daily spending, this one won't disappoint thanks to its simple, flat-rate earning structure.
Survey Methodology: CardRatings commissioned Op4G in September and October 2021 to conduct surveys among 1,524 cardholders nationwide. CardRatings website analytics from Jan. 1, 2021-Aug. 31, 2021 were used to determine a selection of the most popular cards and additional cards were included to add survey breadth. Responses to each of nine questions were given on a scale of 1-10 and respondents' scores were then averaged under broad topics. To determine the overall score, responses from questions 1-8 were summed and the answer to "How likely are you to recommend this card to a friend, coworker or family member?" was double weighted. "Current Scores" reflect scores from the most recent survey; "Past Scores (avg.)" are the scores averaged over each prior year the card has been surveyed. "Past Scores" indicates a card has only been surveyed in one prior year.
Capital One VentureOne Rewards Credit Card Compared to Other Travel rewards Cards
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