dcsimg
As the COVID-19 pandemic continues to affect your life and finances, CardRatings will remain committed to providing timely information related to credit cards and personal finance topics via our coronovirus financial services resource page. Email editor@cardratings.com with specific questions.
This card is not currently available here, but you can browse reviews for other credit cards.
This card is no longer available.

Capital One VentureOne® Card review: No annual fees, generous welcome bonus, and easy-to-earn rewards

Excellent, Good

Our credit card articles, reviews and ratings maintain strict editorial integrity; however we may be compensated when you click on or are approved for offers (terms apply) from our partners. How we make money.

What Capital One says about this card

This card is no longer available.
  • $0 annual fee and no foreign transaction fees
  • Earn a bonus of 20,000 miles once you spend $1,000 on purchases within 3 months from account opening, equal to $200 in travel
  • Earn unlimited 1.25X miles on every purchase, every day
  • Travel when you want with no blackout dates and fly any airline, stay at any hotel, anytime
  • Miles won't expire for the life of the account and there's no limit to how many you can earn
  • Transfer your miles to over 15+ leading travel loyalty programs
  • Enjoy 0% intro APR on purchases for 12 months; 14.49% - 24.49% variable APR after that

CAPITAL ONE® VENTUREONE® REWARDS

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 $1,000 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.
  • Transfer your miles to multiple leading travel loyalty programs.
  • Fly any airline, stay at any hotel, anytime.
  • Enjoy a 0% intro APR on purchases for 12 months (then, 14.49% - 24.49% (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.

CardRatings Editor's Analysis: Pros & Cons

  • Earn 1.25 miles per $1 spent on all your purchases, every day.
  • 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).

CAPITAL ONE® VENTUREONE® BENEFITS

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 (fee is waived for the first 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 $1,000 in the first three months; and as an added bonus, has introductory 0% interest APR on purchases for the first 12 months (then, 14.49% - 24.49% (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® CREDIT SCORE

Capital One® VentureOne® Rewards Credit Card offers lucrative rewards, but you'll need excellent 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.

Top Features

Rewards Bonus Rewards Annual Fee
1.25 Miles per dollar on every purchase, every day. 20,000 Miles once you spend $1,000 on purchases within 3 months from account opening $0

POTENTIAL DOWNSIDES OF CAPITAL ONE® VENTUREONE®

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.

HOW CAPITAL ONE® VENTUREONE® COMPARES TO OTHER REWARDS CREDIT CARDS

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, 13.99% – 23.99% (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

(This card is not currently available on CardRatings)

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 15.49% - 25.49% (Variable) after that), has a decent signup bonus ($150 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

(This card is not currently available on CardRatings)

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 $1,000 on purchases within the first three months, equal to $200 in travel, and the Capital One® Venture® Rewards Credit Card offers a one-time bonus of 50,000 miles once you spend $3,000 on purchases within the first three months, equal to $500 in travel.

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, after the Capital One® Venture® Rewards Credit Card annual fee kicks in (it's $95 after the first year), you'll have to spend about $8,000 on the card every year to break even. 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.

IS CAPITAL ONE® VENTUREONE® A GOOD CARD?

The Capital One® VentureOne® Rewards Credit Card is a great 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 while enjoying no annual fee. 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.

Capital One® VentureOne® Rewards Credit Card compared to other travel rewards cards

Card Name
Rewards
Bonus Rewards
Annual Fee
Ratings/Apply
1.25 Miles per dollar on every purchase, every day.
20,000 Miles once you spend $1,000 on purchases within 3 months from account opening
$0
Earn 2 AAdvantage® miles per $1 spent on eligible American Airlines purchases. Earn 2 AAdvantage® miles for every $1 spent on purchases at telecommunications merchants, cable and satellite providers, car rental merchants and at gas stations. Earn 1 AAdvantage® mile per $1 spent on other purchases.
Earn 65,000 American Airlines AAdvantage® bonus miles after spending $4,000 in purchases within the first 4 months of account opening.
$99, waived for first 12 months
Earn 2 AAdvantage® miles for every $1 spent at gas stations and restaurants. Earn 2 AAdvantage® miles for every $1 spent on eligible American Airlines purchases
Earn 50,000 American Airlines AAdvantage® bonus miles after $2,500 in purchases within the first 3 months of account opening
$99, waived for first 12 months
3X points on travel immediately after earning your $300 travel credit. 3X points on dining at restaurants & 1 point per $1 spent on all other purchases. $0 foreign transaction fees.
Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
$550
Earn 2 AAdvantage® miles for each $1 spent at grocery stores, including grocery delivery services. Earn 2 AAdvantage® miles for every $1 spent on eligible American Airlines purchases. Earn 1 AAdvantage® mile for every $1 spent on other purchases
Earn 10,000 American Airlines AAdvantage® bonus miles and receive a $50 statement credit after making $500 in purchases within the first 3 months of account opening.
$0

Credit Card Consumer Reviews:

  1. No reviews available for this card.



E-Mail will not be published








 
  How is your credit?
Oops! Your credit does not qualify you for this card. Applying and being rejected for this card could possibly hurt your credit
We are redirecting you to offers you are qualified for based on your credit.
720-850
Excellent
660-719
Good
600-659
Fair
350-599
Poor