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Apply online for Capital One® VentureOne® Rewards Credit Card
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Capital One® VentureOne® Rewards Credit Card Review

Pros & Cons

  • 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).
  • Enjoy a 0 percent intro APR on purchases for 12 months.

Top Features

Rewards
1.25 Miles per dollar on every purchase, every day.
Bonus Rewards
20,000 Miles once you spend $1,000 on purchases within 3 months from account opening
Purchase APR
12.99% - 22.99% (Variable)
Annual Fee
$0

Full Review

Brooklyn Lowery Site Editor

Capital One® VentureOne® Rewards Credit Card Essentials

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 2X-miles-per-$1 offer, but with no annual fee, the Capital One® VentureOne® Rewards Credit Card could 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.
  • Fly any airline, stay at any hotel, anytime.
  • Enjoy a 0 percent intro APR on purchases for 12 months.
  • 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.

What Our Editors Like Most About the Capital One® VentureOne® Rewards Credit Card:

When we called the 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 signup bonus of 20,000 miles after spending $1,000 in the first three months; and as an added bonus, has 0 percent interest APR for the first 12 months. These perks, along with no annual fee ever, certainly make the Capital One® VentureOne® Rewards Credit Card one to not overlook.

Plus, if you do find yourself traveling abroad, you'll save a bundle since this card doesn't charge foreign transaction fees.

Potential Downsides of the Capital One® VentureOne® Rewards Credit Card

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-dollar ratio.

How the Capital One® VentureOne® Rewards Credit Card Compares to Other Rewards Credit Cards

Capital One® VentureOne® Rewards Credit Card vs. Capital One® Venture® Rewards Credit

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.

Capital One® VentureOne® Rewards Credit Card vs. Discover it® Miles

Similar to the Capital One® VentureOne® Rewards Credit Card, the Discover it® Miles is a no-annual-fee card that has no blackout dates and allows you to travel any airline and stay anywhere at anytime.

Though similar in that aspect, these two cards differ a bit when it comes to earning miles, as well as in rewards offers.

Instead of a mile earning rate of 1.25 miles for every dollar spent like you'll get with the Capital One® VentureOne® Rewards Credit Card, with Discover it® Miles you earn a little more at 1.5 miles for every $1 spent. Additionally, with Discover it® Miles cardholders can look forward to a mile-for-mile match on all the miles earned within the first year. So say you've earned 30,000 miles with your card in the first year, at the end of that year, Discover will match that number and you'll instead have 60,000 miles to use toward your travel plans. Basically, you earn three miles per $1 spent during your first year with Discover it® Miles. Not too shabby

While this gives cardholders a great opportunity to rack up some serious miles, it might not be ideal for those wanting to cash in on rewards sooner rather than later since you have to wait until after your first year to receive the match. However, those in no hurry to redeem their miles could really benefit from this unique rewards offer.

One other thing to consider if your travel plans frequently take you abroad is that Discover is not as widely accepted overseas as is Visa, the processor behind the Capital One® card.

Capital One® VentureOne® Rewards Credit Card vs. Barclaycard Arrival Plus® World Elite Mastercard®

If you're looking for a card with a similar signup bonus, or maybe something that'll gain you miles a little faster, the Barclaycard Arrival Plus® World Elite Mastercard® might be a worthy option to consider.

Unlike the Capital One® VentureOne® Rewards Credit Card, the Barclaycard Arrival Plus® World Elite Mastercard® only features no annual fee for the first year (after that it's $89 annually); however, with this card, cardholders will earn 2 miles for every $1 spent, and will receive a 40,000-mile bonus after spending $3,000 on the card within the first 90 days of account opening. That's enough to redeem for a $400 travel statement credit.

As an added bonus, as a Barclaycard Arrival Plus® World Elite Mastercard® cardholder, you will receive 5 percent of your miles back each time you redeem to use toward your next redemption. For example, if you redeem 40,000 miles (worth a $400 credit), you will receive 2,000 miles back to put toward your next redemption.

Though it has some nice reward offers, the downside of the Barclaycard Arrival Plus® World Elite Mastercard® is that it has an $89 annual fee after the first year, which might be off-putting to some, especially when comparing it the the no-annual-fee status you'll enjoy with the Capital One® VentureOne® Rewards Credit Card.

This is again a situation where you need to understand your spending habits and break-even point to determine whether the annual fee is worth it.

Who Should Get 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.

This page was last updated on October 17, 2017

This card compared to other travel rewards cards

Rewards
1.25 Miles per dollar on every purchase, every day.
1.5x Miles per dollar on all purchases
2X points on travel and dining at restaurants & 1 point per dollar spent on all other purchases worldwide
Bonus Rewards
20,000 Miles once you spend $1,000 on purchases within 3 months from account opening
We'll match all the Miles you've earned at the end of your first year. For example, if you earn 30,000 Miles, you get 60,000 Miles.
Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards(R)
Purchase APR
12.99% - 22.99% (Variable)
11.99% - 23.99% Variable 
16.99% - 23.99% Variable 
Annual Fee
$0
$0
$0 Intro for the First Year. Then $95
CardRatings.com Editorial Staff

Capital One® VentureOne® Rewards Credit Card details

Balance Transfer Intro APR
N/A
Balance Transfer Intro Period
N/A
Purchase Intro
APR:
0% intro on purchases
Period:
for 12 months
Purchase APR
12.99% - 22.99% (Variable)
Annual Fee
$0

What Capital One says about this card

  • Enjoy a one-time 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 1.25 miles per dollar on every purchase, every day and pay no annual fee
  • Fly any airline, stay at any hotel, anytime
  • Enjoy a low intro APR on purchases for 12 months; 12.99%-22.99% variable APR after that
  • Travel when you want with no blackout dates
  • No foreign transaction fees
  • Miles won't expire for the life of the account and there's no limit to how many you can earn

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Highlighted offers
Currently available on the Capital One® VentureOne® Rewards Credit Card
20,000 Miles
Once you spend $1,000 on purchases within 3 months from account opening
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Apply online for Discover it® Miles

Discover it® Miles

  • We'll match all the Miles you've earned at the end of your first year. For example, if you earn 30,000 Miles, you get 60,000 Miles.
  • Unlimited 1.5x Miles per dollar on all purchases, every day, with no annual fee.
  • No Blackout Dates - fly any airline, stay at any hotel.
  • Redeem your Miles as a statement credit towards travel purchases.
  • Freeze your account in seconds with an on/off switch either on the mobile app or website to prevent new purchases, cash advances, and balance transfers.
  • Get your free Credit Scorecard with your FICO® Credit Score, number of recent inquiries and more.
  • New! Receive FREE Social Security number alerts-Discover will monitor thousands of risky websites when you sign up.
  • No Annual Fee.
  • Click "APPLY NOW" to see rates, rewards, FICO® Credit Score terms, Discover Match® details & other information.
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Apply online for Chase Sapphire Preferred® Card

Chase Sapphire Preferred® Card

  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
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