26 Benefits of the Capital One VentureOne Credit Card

Capital One likes to keep things simple. As a result, their collection of credit card offerings tend to fall short of being exciting.

Sure, if you have bad credit or no credit, you’ll find cards that can help you build or rebuild your credit history. And if you’re a foodie, you’ll find they have a card that caters perfectly to your tastes.

But what you won’t find with Capital One credit cards are luxury travel benefits or a long list of bonus earning categories. Simplicity has always been a priority for Capital One. That is, until now.

Capital One has recently improved earning and redemption options on their miles-earning credit cards.

With sweetened earnings on hotel purchases and the added ability to transfer miles to airline partners, Capital One has now created some modest excitement for their travel rewards cards.

Today we’re going to focus on the Capital One VentureOne Rewards Credit Card and how it treads water respectively in a crowded sea of rewards-earning credit cards.

Initial Benefits

Welcome Bonus

Welcome bonus offers vary depending on when you’re approved, but one thing you can count on is a jump start in earnings that will contribute nicely to your travel fund!

Once you’ve been approved for the card, you’ll need to complete the minimum spending requirement within the specified time period from the date of card approval to qualify for the bonus.

Terms Apply / Rates & Fees

Capital One VentureOne Rewards Credit Card

U.P. Rating 

The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

The card offers unlimited miles at 1.25x per $1 and no annual fee. When you consider the flexible rewards, frequent travelers come out on top.

Learn More(at Capital One's secure site)

Capital One VentureOne Rewards Credit Card

The card offers unlimited miles at 1.25x per $1 and no annual fee. When you consider the flexible rewards, frequent travelers come out on top.

Welcome Offer

Earn a bonus of 20,000 miles once you spend $500 on purchases within 3 months from account opening, equal to $200 in travel.

20,000 miles

UP's Bonus Valuation*:

$360

Annual Fee

$0

APR

19.74% - 29.74% (Variable),0% intro on purchases for 15 months

Credit Recommended

Upgraded Points credit ranges are a variation of FICO^®Score 8, one of many types of credit scores lenders may use when considering your credit cardapplication.

Good to Excellent (670-850)

Why We Like This Card

Interested in a travel rewards credit card without one of those pesky annual fees? Then say hello to the Capital One VentureOne Rewards Credit Card.

In addition to no annual fee, the Capital One VentureOne card offers no foreign transaction fees.

But is this card worth its salt, or is it merely a shell of the more popular Capital One Venture card?

Pros & Cons

Pros

• No annual fee (rates & fees)
• No foreign transaction fees (rates & fees)
• Ability to use transfer partners

Cons

• Weak earn rate at 1.25x miles per $1 spent on all purchases
• No luxury travel or elite benefits

Read Full Review

Card Highlights

• $0 annual fee and no foreign transaction fees
• Earn a bonus of 20,000 miles once you spend $500 on purchases within 3 months from account opening, equal to $200 in travel
• Earn unlimited 1.25X 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
• 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
• Enjoy 0% intro APR on purchases and balance transfers for 15 months; 19.74% - 29.74% variable APR after that; balance transfer fee applies

Financial Snapshot

• APR: 19.74% - 29.74% (Variable),0% intro on purchases for 15 months
• Foreign Transaction Fees: None

Rewards Center

Capital One Miles

No Annual Fee

The VentureOne Card doesn’t charge an annual fee (rates & fees).

Earning Capital One Miles

Earn Miles on Every Purchase

Every purchase you make on the VentureOne Card is going to earn 1.25 miles for every dollar spent. You’ll want to keep the card in your wallet for those everyday expenses so the earnings can add up quickly.

Miles Don’t Expire

As long as you have an open, active account, your miles will not expire. Should your account be closed, any miles that have not been redeemed will be forfeited.

No Limit on Earning

There’s no limit to the amount of Capital One miles you can earn with the card.

Redeeming Capital One Miles

Capital One has several flexible options for redeeming your miles.

The best value, in general, is to redeem your Capital One miles for travel, where you have several options. You can book travel with any hotel or airline you wish, book travel directly through Capital One, or utilize airline transfer partners.

You’ll never have to worry about redeeming your Capital One miles for good value.

Book Travel Directly with Capital One

You can book travel via the Capital One website by logging in to your account and selecting “book a trip” from the redemption options. Your miles will be worth 1 cent when used for travel.

Be sure to compare prices with other travel providers to receive the best deal and to utilize other travel rewards programs.

For example, you might be able to earn additional perks on your travel purchase with online travel agencies such as Expedia or Orbitz.

Transfer Your Miles to Airline Partners

Capital One miles can easily be turned into airline miles. Airline miles can then be used to purchase award flights.

This option offers the possibility of greater value for your Capital One miles than the standard 1 cent per mile.

Currently, there are more than a dozen airline transfer partners, but more are being added.

If you’re looking to book a trip with miles, be sure to read our guide: The Best Ways to Redeem Capital One Miles.

Redeem for Gift Cards

You can still receive 1 cent per mile in value (or better) when redeeming your Capital One miles for gift cards. Look for discounts and specials offered on the Capital One website.

Redeem for Cash

While transferring your Capital One miles to airline partners or redeeming for travel may give you the most value for your miles, there are other options.

You can redeem miles for previous purchases or a check. The value you receive will be poor, about one-half of a cent per mile.

No Minimum Redemption Amount

No need to accumulate a certain level of miles, you can redeem as few or as many as you want, anytime you want.

0% Introductory APR Period for Purchases

Have a large purchase or multiple purchases coming up that you’d like to pay for over time? How about without interest?

Taking advantage of a 0% APR period on purchases can really help ensure that you don’t overpay in fees and interest, and still allow you to buy those unexpected big purchases.

Here’s the current APR offer: 0% intro APR on purchases and balance transfers for 15 months; 19.74% - 29.74% variable APR after that; balance transfer fee applies (rates & fees).

It’s important to pay off your balance before the end of the promotional period to avoid incurring interest charges.

Transfer Miles to Other Accounts

There’s no cost to transfer Capital One miles from one Capital One account to another. Both accounts must be in good standing and be miles-earning accounts.

Finding Your Capital One Offers

You can find out if you have Capital One credit card offers waiting for you by using these risk-free tools that don’t affect your credit score.

See if You’re Pre-Qualified

Capital One has a great tool for determining if you’re already pre-qualified or pre-approved for one of their credit cards.

They’ve established a special website for you to enter your basic information and find out if you have credit card offers available.

If you do have Capital One personalized offers, it doesn’t mean you are guaranteed to be approved for a credit card, but the tool does give you an idea of which cards are best suited for you. Applying for the cards that fit your lifestyle can raise your chances of being approved.

To learn more about pre-qualifying and getting pre-approved for credit cards, we’ve put together a complete pre-qualification guide to walk you through the process.

Capital One and the Card Match Tool

Capital One participates in the Card Match Tool.

The tool works similarly to the pre-qualification tool. Simply complete and submit some basic information to find if you have existing credit card offers.

Bottom Line: Neither the Card Match Tool nor Capital One pre-qualification can guarantee you’ll be approved for a particular credit card. You will, however, have a much better idea of which cards you’re likely to get approved for by using these no-risk tools. 

Travel Protection and Benefits

The VentureOne Card provides you with certain travel protections and benefits, making travel not only affordable but also easy.

No Foreign Transaction Fees

This card also serves you well while traveling overseas as no fees are charged on your foreign purchases (rates & fees).

Auto Rental Collision Damage Waiver

Use your VentureOne Card to reserve and pay for your rental and refuse the rental car agency’s CDW coverage.

You will receive coverage for damage, theft, loss of use, and towing on your rental car for rentals 31 days or less outside your country of residence. Rentals of 15 days or less are covered within your country of residence.

Coverage is subject to terms and conditions found in your specific card’s benefits guide.

Hot Tip: If car rental insurance is an important factor for you, see our post on the best credit cards for car rental insurance.

Travel Assistance Services

Receive 24/7 referral assistance for services such as an English-speaking doctor, emergency transportation, and legal help.

The cardholder is responsible for the actual cost of the provided services.

Hot Tip: If you own a business, check out some of the business credit cards offered by Capital One.

Shopping Protections and Benefits

Extended Warranty

Purchase an eligible item with your card and receive an extension on the term of the manufacturer’s warranty.

Account Management and Security Features

Easy Authorized User Management

Add an additional user to your credit card and track their spending with the VentureOne Card

Customized Alerts

Set up personalized payment reminders and alerts to be notified of specific activity on your account.

Manage Your Account on the Go

Manage transactions, make a payment, or view your balance with the convenient Capital One Mobile App.

CreditWise

Access and monitor your credit risk-free with the CreditWise tool from Capital One. The tool is available free to non-cardholders as well.

Eno Assistant

Eno is your virtual assistant who watches over your account, alerts you to unusual activity, and answers your questions 24/7.

Final Thoughts

As you can see, the Capital One VentureOne card is a solid card with many perks and benefits. Depending on what your main spending categories are, how much you travel, and what you’re looking to get out of a card, the VentureOne could be a nice option if it meets your needs.

For Capital One products listed on this page, some of the benefits may be provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.