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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.
Plus, right now VentureOne® cardholders, just like Venture® cardholders, can earn 10 miles per $1 spent when they use their card to book a stay on Hotels.com/Venture through Jan. 31, 2020. That's in addition to the Hotels.com rewards program through which you earn a free night stay for every 10 nights booked.
Most notable features of the Capital One® VentureOne® Rewards Credit Card:
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, 13.49% - 23.49% (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® 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.
|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|
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.
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.
In many ways, these two cards are very similar. Neither charges an annual fee, they both have an introductory APR period, and they both earn miles on every purchase made. All of the details (besides for the annual fee) vary slightly though.
To start, the 0% APR introductory period for purchases is a bit longer with the Discover it® Miles card, at 14 months. After the intro period, the APR will jump to 13.49% - 24.49% Variable.
While both cards earn miles on every purchase made, the Discover it® Miles card earns just a bit more: 1.5 miles per dollar. The intro offer for new cardholders varies a bit too. Instead of a set number of miles given to you up front as a bonus, Discover will match all of the miles you've earned at the end of your first year, automatically. So, say you earn 35,000 miles your first year as a cardholder, you'll actually get 70,000 miles. That's $700 towards travel! Depending on how often you use your card, there's real potential for a huge bonus your first year as cardholder. If played right, much more than the Capital One offer of 20,000 miles. This is great offer for a card with no annual fee.
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 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.
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.