Capital One Venture vs. VentureOne Card Comparison [2024]

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.

Capital One Venture Card vs. Capital One VentureOne Card — Summary

Amtrak Train Lounge — Image Credit: Ideal Photographer via Shutterstock

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.

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Benefit or Feature	Capital One Venture Rewards Credit Card	Capital One VentureOne Rewards Credit Card
Welcome Bonus	Earn 75,000 miles when you spend $4,000 on purchases in the first 3 months.	Earn 20,000 miles when you spend $500 on purchases in the first 3 months.
Annual Fee	$95 (rates & fees)	$0 (rates & fees)
Earning Rewards	5x miles on hotels and rental cars booked through Capital One Travel 2x miles on all other purchases	5x miles on hotels and rental cars booked through Capital One Travel 1.25x miles on all other purchases
Redeeming Rewards	Transfer miles to 15+ different travel partner loyalty programs Purchase travel through Capital One at 1 cent per mile Redeem for gift cards, shop at Amazon, redeem for statement credits
Travel Benefits and Protections	Global Entry or TSA PreCheck fee reimbursement Auto Rental Collision Damage Waiver, lost luggage benefit, roadside Assistance No foreign transaction fees (rates & fees)	Auto Rental Collision Damage Waiver, lost luggage benefit, roadside Assistance No foreign transaction fees (rates & fees)
Shopping Benefits and Protections	Extended warranty protection, purchase assurance Capital One Offers

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

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

Learn More(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 OfferEnjoy 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.
75,000 miles

UP's Bonus Valuation*:
$1,350

Annual Fee

$95

APR

19.99% - 29.99% (Variable)

Credit Recommended

Good to Excellent Credit (670-850)

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

5x miles per $1 on hotels and rental cars booked through Capital One Travel
2x miles per $1 on all other purchases
Global Entry or TSA PreCheck application fee credit
No foreign transaction fees (rates & fees)
Access to Capital One transfer partners

Cons

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

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 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 $100 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
Enrich every hotel stay from the Lifestyle Collection with a suite of cardholder benefits, like a $50 experience credit, room upgrades, and more
Transfer your miles to your choice of 15+ travel loyalty programs

Financial Snapshot

APR: 19.99% - 29.99% (Variable)
Foreign Transaction Fees: None

Card Categories

Rewards Center

Capital One Miles

Capital One VentureOne Card

Terms Apply / Rates & Fees

Capital One VentureOne Rewards Credit Card

U.P. Rating

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 OfferEarn 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

APR

19.99% - 29.99% (Variable),0% intro on purchases for 15 months

Credit Recommended

Good to Excellent (670-850)

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

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

Cons

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

$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; 19.99% - 29.99% variable APR after that; balance transfer fee applies

Financial Snapshot

APR: 19.99% - 29.99% (Variable),0% intro on purchases for 15 months
Foreign Transaction Fees: None

Card Categories

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:

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Spending Category	Capital One Venture Card	Capital One VentureOne Card
Hotels and Rental Cars Booked Through Capital One Travel	5x miles	5x miles
All Purchases	2x miles	1.25x miles

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

United Polaris Middle Seats — Transferring your Capital One miles to travel partners can yield great value, such as flying United Polaris class using Avianca LifeMiles. Image Credit: United

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.

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).

Travel Benefits and Protections

Cardholders enjoy special perks when staying at Luxury Hotel Collection properties. Acqualina Resort Miami. Image Credit: The Luxury Hotel Collection

The following benefits are available on both cards:

Travel assistance services
Roadside dispatch, and specifically for the Venture Rewards, Master RoadAssist

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

Global Entry or TSA PreCheck Credit — Receive up to $100 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

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.

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.

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

Enrollment required through Capital One website or mobile app. Upon enrollment, eligible cardholders will remain at upgraded status level through December 31, 2024. Please note, enrolling through the normal Hertz Gold Plus Rewards enrollment process (e.g. at Hertz.com) will not automatically detect a cardholder as being eligible for the program and cardholders will not be automatically upgraded to the applicable status tier. Additional terms apply.

Featured Image Credit: Upgraded Points

Frequently Asked Questions

Which card is better, the Capital One Venture card or the Capital One VentureOne card?

The better card for you will likely depend on your level of spending. Although the Capital One Venture card has an annual fee, with its higher earning rate of 2x miles on all purchases, you’ll do well with the card if you spend more than $1,056 each month.

If you spend less, you have a large purchase(s) coming up that you’d like to carry a balance on, or if you’d like to consolidate high interest credit card debt, the Capital One VentureOne card with no annual fee could be the better choice.

How do Capital One miles work?

Every dollar you spend on either of these featured Capital One credit card earns a specific number of miles. After each statement period closes, those miles are available for redemption. It’s important to note that Capital One miles earned on these cards are not the same as frequent flyer miles.

The miles are really reward points that may be transferred to travel partners and converted into frequent flyer miles or hotel loyalty points that can then be redeemed for award flights and free hotel nights, respectively. You can also redeem miles to cover travel purchases made with your card, with miles being worth 1 cent each.

Additionally, you can redeem miles for gift cards at up to 1 cent per mile in value, redeem on Amazon for 0.8 cents per mile, and for general statement credits for an even lesser value.

Can I downgrade my Capital One Venture card to a Capital One VentureOne card?

Reports indicate that you can downgrade the Capital One Venture card to a Capital One VentureOne card after you have had the card for 12 months.

Do Capital One miles expire?

Capital One miles do not expire as long as you have an active card open. If you close your account, any unused miles will be forfeited.

Can I transfer Capital One miles to another account?

As long as the account you’re transferring to is a Capital One miles-earning account, you can transfer your miles.

Eligible accounts include any account, not just those of family members. You can also transfer miles between your own Capital One miles accounts.

There is no limit on the number of miles you can transfer and there is no fee for doing so.

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About Christine Krzyszton

Christine ran her own business developing and managing insurance and financial services. This stoked a passion for points and miles and she now has over 2 dozen credit cards and creates in-depth, detailed content for UP.

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