Capital One Venture Card vs. Capital One VentureOne Card [Detailed Comparison]

Key Takeaways

• The Capital One Venture Rewards Credit Card earns 2x miles on every purchase, while the Capital One VentureOne Rewards Credit Card earns 1.25x miles per dollar.
• The Capital One Venture card has an annual fee (rates & fees) but also offers reimbursement for the Global Entry or TSA PreCheck application fee.
• Both the Capital One Venture card and Capital One VentureOne card have the option of transferring miles to travel partners for great redemptions.

Capital One has done a good job of advertising its credit card products. Many people are familiar with those commercials featuring a celebrity spokesperson where you’re promised the ability to earn “unlimited double miles on every purchase, everywhere, every day.”

Then you hear that your Capital One miles are not like other airlines’ miles and that you’ll be able to redeem them for “any flight, on any airline, at any time, with no blackout periods.” Then, in closing, you hear the popular Capital One slogan “What’s in your wallet?”

While you won’t find all the bells and whistles of airport lounge access, elite status, or shopping statement credits with most of Capital One’s travel cards, you will find a solid, straightforward collection of rewards-earning cards that are great for everyday spending.

Let’s look at 2 of the issuer’s most popular rewards cards, the Capital One Venture Rewards Credit Card and the Capital One VentureOne Rewards Credit Card.

Don’t be fooled by their similar names as these 2 cards have significant differences. We’ll explain how each card earns rewards, look at redemption options available, and check out any benefits that come complimentary with the cards.

So, hold on, as we’re about to find out if either of these Capital One cards should be in your wallet.

Summary

While these 2 cards are similar overall, they do have distinct differences when it comes to earnings, travel benefits, and the annual fee.

Let’s take a side-by-side look at what the 2 cards have to offer.

Welcome Offers

Welcome bonuses vary but you can expect to receive a valuable bonus. It is possible to receive even greater value for your welcome bonus miles by transferring to travel partners.

In general, you can expect the welcome bonus on the Capital One Venture card to be significantly larger than the welcome bonus on the Capital One VentureOne card.

Here is a snapshot of current welcome offers:

Capital One Venture Card

Terms Apply / Rates & Fees

Capital One Venture Rewards Credit Card

U.P. Rating 

The rating for this card has been determined by our own industry experts who know the ins and outs 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.

Get 2x miles plus some of the most flexible redemptions offered by a travel credit card!

Apply Now(at Capital One's secure site)

Capital One Venture Rewards Credit Card

Get 2x miles plus some of the most flexible redemptions offered by a travel credit card!

Welcome Offer

Earn 75,000 miles once you spend $4,000 on purchases within the first 3 months from account opening, equal to $750 in travel.

75,000 miles

UP's Offer Valuation*:

$1,350

Annual Fee

$95

APR

Purchases: 19.99% - 29.24% (Variable)

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 Credit (670-850)

Why We Like This Card

The Capital One Venture Rewards Credit Card is one of the most popular rewards cards on the market. It’s perfect for anyone in search of a great welcome offer, high rewards rates, and flexible redemption options.

Frequent travelers with excellent credit may benefit from this credit card that offers a lot of bells and whistles. And it offers easy-to-understand rewards earning and redemption.

Pros & Cons

Pros

• 5x miles per $1 on hotels, vacation rentals, and rental cars booked through Capital One Travel
• 2x miles per $1 on all other purchases
• Up to a $120 Global Entry or TSA PreCheck application fee credit

Cons

• $95 annual fee (rates & fees)
• Limited elite benefits

Read Full Review

Card Highlights

• 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
• Earn 5X miles on hotels, vacation rentals and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options
• 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 $120 credit for Global Entry or TSA PreCheck^®
• Use your miles to get reimbursed for any travel purchase—or redeem by booking a trip through Capital One Travel
• Enjoy a $50 experience credit and other premium benefits with every hotel and vacation rental booked from the Lifestyle Collection
• Transfer your miles to your choice of 15+ travel loyalty programs

Financial Snapshot

• APR: Purchases: 19.99% - 29.24% (Variable)
• Foreign Transaction Fees: None

Rewards Center

Capital One Miles

Capital One VentureOne Card

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 ins and outs 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.

Apply Now(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 Offer Valuation*:

$360

Annual Fee

$0

APR

Purchases: 0% intro APR on purchases for 15 months; variable 19.24% - 29.24% thereafter

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; 19.24% - 29.24% variable APR after that; balance transfer fee applies

Financial Snapshot

• APR: Purchases: 0% intro APR on purchases for 15 months; variable 19.24% - 29.24% thereafter
• Foreign Transaction Fees: None

Rewards Center

Capital One Miles

Earning Rewards

We mentioned earlier that Capital One cards are known for their simplicity. This statement holds true when it comes to earning rewards on our 2 featured cards — unless you’re booking specific travel using your card, you’ll be focusing on earning a fixed number of Capital One miles for every dollar you spend on either card.

With this simple earning structure, you can just use your card, earn Capital One miles, and not worry about keeping track of any complicated bonus-earning categories.

Here’s how earnings compare between the 2 cards:

Bottom Line: Earning rewards on our featured cards is pretty straightforward. The Capital One Venture card earns at least 2x miles on every purchase and the Capital One VentureOne card earns at least 1.25x miles. 

Redeeming Rewards

You’ll have several options for redeeming Capital One miles earned on either card. Both cards have the exact same redemption options.

Transfer to Travel Partners

One of the best potential redemption options is to transfer your Capital One miles to one of the many travel partner loyalty programs. Once your Capital One miles are turned into frequent flyer miles or hotel loyalty points you can then use those miles and points to purchase flights or hotel nights.

Capital One has more than 15 airline and hotel transfer partners, making it a versatile currency to possess if your objective is to book award travel. For this reason, we value Capital One miles at around 1.8 cents per mile.

When you transfer Capital One miles to travel partners like Singapore Airlines KrisFlyer or Emirates Skywards, you can book luxury first class plane tickets that’ll get you upwards of 10 cents per mile worth of value!

Statement Credits for Travel Purchases

Use your Capital One miles to get reimbursed (as a statement credit) for past travel purchases made with your Capital One Venture card or Capital One VentureOne card at a rate of 1 cent per mile. For example, if you paid for an Uber or booked a night directly with a hotel, you can effectively wipe away these travel charges from your balance.

Travel via Capital One Travel

Another redemption option that yields 1 cent in value for each Capital One mile is purchasing travel through the Capital One Travel booking portal in your online account. However, be sure to check prices elsewhere as Capital One Travel may not always have the best prices.

Additional Redemption Options

• Redeem for Gift Cards — redeem for gift cards for up to 1 cent in value per mile
• Shop at Amazon — using your miles to shop at Amazon is generally not good value at 0.8 cents per mile
• Redeem for Statement Credits — also not good value at 0.5 cents per mile

Hot Tip: The best potential value for your Capital One miles may be transferring those miles to frequent flyer or hotel loyalty programs. 

Travel Benefits and Protections

The following benefits are available on both cards:

• Travel assistance services

The following benefits are only available on the Capital One Venture X card:

• Global Entry or TSA PreCheck Credit — Receive up to $120 for Global Entry or TSA PreCheck fee reimbursement
• Lost luggage reimbursement

Shopping Benefits and Protections

Both the Capital One Venture card and Capital One VentureOne card offer:

• Purchase security (VentureOne) and Purchase assurance (Venture)
• Extended warranty
• Search through available Capital One Offers to earn a fixed amount or percentage of your online shopping trip back in the form of a statement credit

Annual Fees

The annual fee on the Capital One Venture card is $95 per year (rates & fees).

The Capital One VentureOne card does not charge an annual fee (rates & fees).

Which Card Is Better for You?

So which card is the better card for you? The answer will really depend on your level of spending. If you spend an average of $1,056 or more each month, you’ll fare better with the Capital One Venture card. By spending at least this much you’ll earn enough rewards to outweigh the $95 annual fee, and any spending beyond that beats out the Capital One VentureOne card.

Here’s a breakdown of the math:

• Capital One Venture card — $1,056 x 12 = $12,672 x 2 miles = $253.44 – the $95 annual fee = $158.44 (rates & fees)
• Capital One VentureOne card — $1,056 x 12 = $12,672 x 1.25 miles = $158.40

You’ll also want to include the size of the welcome offers in your calculations, as the Capital One Venture will have a much more valuable bonus than the Capital One VentureOne. Plus, consider that the Capital One Venture offers more perks, like the Global Entry or TSA PreCheck credit, which can also help offset the annual fee.

For even more about these cards, explore the Capital One Venture card’s benefits, Capital One Venture card’s FAQs, and VentureOne’s benefits.

Finding Risk-free Capital One Card Offers

Capital One offers a way to find out if you have an offer for a Capital One credit card available to you before you apply for a card. Its pre-qualification inquiry tool is not a credit card application so there is no hard pull on your credit report.

The tool is not a guarantee that you will be approved for a card but it does give you an idea of which cards you’re most likely to be approved for.

You can also use the CardMatch tool without any inquiry on your credit report for a risk-free way to find out if you have any pending Capital One credit card offers.

Learn more about finding pre-qualified and pre-approved card offers.

Final Thoughts

The Capital One Venture card and Capital One VentureOne card both make earning rewards simple, plus the cards offer flexible redemption options that allow you to leverage your miles with travel partners for much greater value.

Which card is best for you will depend on your spending level and what perks you desire. If your spending exceeds $12,672 a year, the Capital One Venture card will suit you well, even with the annual fee. However, it’s also important to take the size of a card’s welcome offer into consideration when making your final decision.

If you’re a frequent traveler, you may also benefit from a travel rewards credit card. You can learn more about the best travel rewards cards and our recommendations in our comprehensive article.