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Capital One VentureOne Rewards Credit Card – Full Review [2024]

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Jarrod West
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Jarrod West

Senior Content Contributor

496 Published Articles 1 Edited Article

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Boasting a portfolio of over 20 cards, Jarrod has been an expert in the points and miles space for over 6 years. He earns and redeems over 1 million points per year and his work has been featured in o...
Edited by: Stella Shon
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Stella Shon

Senior Features Editor

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With a degree in media and journalism, Stella has been in the points and miles game for more than 6 years. She most recently worked as a Corporate Communications Analyst for JetBlue. Find her work in ...
& Kellie Jez
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Kellie Jez

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Kellie’s professional experience has led her to a deep passion for compliance, data reporting, and process improvement. Kellie’s learned the ins and outs of the points and miles world and leads UP’s c...

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Capital One VentureOne Rewards Credit 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 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.
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Apply Now(at Capital One's secure site)
  • 20,000 miles

  • $0

  • 19.49% - 29.49% (Variable),0% intro on purchases for 15 months

  • Good to Excellent (670-850)

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.

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.
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Apply Now(at Capital One's secure site)
Summary

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?

Card Details

Card Snapshot

Welcome Bonus & Info

  • $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; 19.49% - 29.49% variable APR after that; balance transfer fee applies

Rewards Center

Capital One Miles

Customer Service Number

800-227-4825

Pros & Cons

Pros

Cons

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

  • You want a travel rewards card with no annual fee (rates & fees)
  • You want a card with flexible redemption options, including transfer partners

Don’t Get If

  • You want a card with a stronger earning rate than 1.25x miles per $1
  • You want a card with multiple bonus categories
  • You want a card that features luxury travel benefits like airport lounge access or hotel elite status
  • You prefer a cash-back card

Capital One VentureOne Card — Is It Worth It?

If you don’t consider yourself a frequent traveler but enjoy the occasional trip and prefer a rewards card with no annual fee, the Capital One VentureOne card might be a good option for you (rates & fees).

With no foreign transaction fees, there’s no need to fear extra charges when using your card overseas (rates & fees).

The card also offers flexible redemption options for those who value choice when it comes to how they redeem their hard-earned miles.

Capital One VentureOne Card Top Benefits

Access to Capital One Transfer Partners

One of the best perks about the Capital One VentureOne card is that it earns Capital One miles that can be transferred to multiple great airline and hotel transfer partners to give you fantastic value.

Card Protections

Your Capital One VentureOne card gives you the following protections:

  • Rental Car Insurance — Receive secondary coverage for collision damage and theft on domestic rentals and primary coverage for international rentals.
  • Extended Warranty Coverage — When purchasing an item with your Capital One VentureOne card, you will receive a term extension of the manufacturer’s warranty.

How To Earn and Redeem Your Capital One Miles

As mentioned, you’re obviously going to earn an uncapped 1.25x miles per $1 for every purchase you make with the card, but what else can you do to earn yourself more miles? Well, our guide on the top ways to earn as many Capital One miles as possible shows you how to do just that.

Since your Capital One miles are transferable, there are many great ways to redeem Capital One miles for huge value like first and business class flights and 5-star hotel stays.

Alternative Card to the Capital One VentureOne Card

Chase Sapphire Preferred® Card

BEST BEGINNER CARD
Chase Sapphire Preferred® Card
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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.

A fantastic travel card with a great welcome offer, good benefits, and perks for a moderate annual fee.

Apply Now(at Chase's secure site)
A fantastic travel card with a great welcome offer, good benefits, and perks for a moderate annual fee.
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
60,000 bonus points
$1,200
$95
20.74% - 27.74% Variable
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

The Chase Sapphire Preferred® card is one of the best travel rewards cards on the market. Its bonus categories include travel, dining, online grocery purchases, and streaming services, which gives you the opportunity to earn lots of bonus points on these purchases.

Additionally, it offers flexible point redemption options, no foreign transaction fees, and excellent travel insurance coverage including primary car rental insurance. With benefits like these, it’s easy to see why this card is an excellent choice for any traveler.

Pros & Cons
Pros
  • 5x points on all travel booked via the Chase Travel portal
  • 5x points on select Peloton purchases over $150 (through March 31, 2025)
  • 5x points on Lyft purchases (through March 31, 2025)
Cons
  • $95 annual fee
  • No elite benefits like airport lounge access or hotel elite status
Card Highlights
  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
  • Enjoy benefits such as 5x on travel purchased through Chase Travel℠, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases, $50 Annual Chase Travel Hotel Credit, plus more.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Travel℠. For example, 60,000 points are worth $750 toward travel.
  • Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
  • Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2027.
  • Member FDIC
Financial Snapshot
  • APR: 20.74% - 27.74% Variable
  • Foreign Transaction Fees: None
Rewards Center

Chase Ultimate Rewards

If you want a great travel rewards card and are willing to fork over an annual fee to get one, the Chase Sapphire Preferred card is an excellent option.

The Chase Sapphire Preferred card earns 5x points per $1 for travel purchases through the Chase Travel portal, 3x points per $1 on dining, online grocery, and select streaming purchases, and 2x points per $1 spent on all other travel purchases. Plus, it features no foreign transaction fees and flexible redemption options — including transfer partners!

In fact, Chase Ultimate Rewards points are some of the most valuable loyalty currencies out there and can be redeemed for huge value. The card packs a ton of benefits for a moderate annual fee, and for many, it is worth every penny.


Check out our comparisons of the Capital One VentureOne card and a number of popular cards:


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.

The information regarding the Capital One Platinum Credit Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
The information regarding the Capital One Venture X Rewards Credit Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
The information regarding the Capital One Venture Rewards Credit Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.

Frequently Asked Questions

Is the Capital One VentureOne card a good credit card?

With most credit cards, determining whether it is good or not depends completely on your needs. Figuring out what you’re looking for out of a credit card should be your first step.

With that said, if you’re looking for a travel rewards card with no annual fee, then this card might be a fantastic option for you (rates & fees).

What is the annual fee on the Capital One VentureOne card?

The card has no annual fee (rates & fees).

When do Capital One VentureOne card miles expire?

Miles earned with your card will never expire as long as your account remains active.

How do I book travel with Capital One miles?

You can use your Capital One miles through the Capital One Travel portal, use them as a statement credit to offset travel purchases you’ve already made, or transfer them to one of Capital One’s various airline partners.

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About Jarrod West

Boasting a portfolio of over 20 cards, Jarrod has been an expert in the points and miles space for over 6 years. He earns and redeems over 1 million points per year and his work has been featured in outlets like The New York Times.

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