Capital One VentureOne Rewards Credit Card – Full Review [2021]

We may be compensated when you click on links from one or more of our advertising partners. Opinions and recommendations are ours alone. Terms apply to offers below. See our Advertiser Disclosure for more details.

Capital One VentureOne Rewards Credit Card – Full Review [2021]

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.

"Unlimited 1.25 Miles for All Your Purchases"

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

Learn More (at our partner's secure site)

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.

The CapOne VentureOne card is the no-annual-fee version of the more popular Capital One Venture Rewards Credit Card that you’ve likely seen Alec Baldwin promoting on TV.

In addition to no annual fee, the CapOne 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® Rewards Credit Card?

Pro's

Con's

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

CapOne VentureOne card — Snapshot

The Ideal Cardholder

If you don’t consider yourself a frequent traveler but enjoy the occasional trip and prefer a rewards cards with no annual fee, the CapOne VentureOne card might be a good option for you.

With no foreign transaction fees, there’s no need to fear when using your card overseas.

The CapOne VentureOne card also offers flexible redemption options for those who value choice when it comes to how you redeem your hard earned miles.

Great Card If

  • You want a travel rewards card with no annual fee
  • 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

CapOne VentureOne Card — Fees

  • Annual Fee
    • $0
  • Interest Rates
    • 0% intro APR on purchases for 12 months; 14.99% - 24.99% variable APR after that
  • Late fees
    • Up to $40
  • Balance Transfers
    • 14.99% - 24.99% Variable
  • Cash Advance APR
    • 24.99% Variable
    • Fee: Either $10 or 3% of the amount of each cash advance, whichever is greater.

How to Earn More Capital One Miles

Capital One
Image Credit: Isabelle Ohara via Shutterstock

Adding Extra Capital One Miles cards

If you’re wanting to increase your Capital One miles earning even further, adding a new credit card can be the perfect way to do that.

Different cards can offer additional bonus categories to help increase your mile earnings, and can even come with large sign-up bonuses to add a nice boost to your stash of miles.

Take a look at the best personal and business Capital One cards, with varying point rewards and benefits.

How to Use Capital One Miles for Max Value

Woman Looking Out Window In Hotel Room
Use your Venture miles towards your next adventure. Image Courtesy of Soloviova Liudmyla via Shutterstock.

With the CapOne VentureOne card, you have multiple redemption options when deciding how to use your miles. Offering you the flexibility to decide what will give you the best value for your needs.

Capital One Travel Portal

When booking your travel plans through the Capital One travel portal, each of your miles are worth a fixed 1 cent per mile toward your purchase. This option offers a high level of flexibility as there are no hoops to jump through and no blackout dates.

Statement Credit for Travel Purchases

If you make a travel purchase with your CapOne VentureOne card and then later decide you would have preferred to use your miles, no worries: you can redeem your miles as a statement credit to cover the purchase.

Similar to booking through the Capital One® travel portal, when you redeem your miles this way, they’ll be worth a fixed 1 cent per mile.

Transfer Partners

The option that can earn you the biggest value for your miles is sending them to one of the many Capital One transfer partners.

Your Venture miles will transfer to the majority of the Capital One airline transfer partners at a 2:1.5 rate, meaning 50,000 Venture miles would become 37,500 miles with whichever airline you choose.

If you earn enough miles with your card, you could even transfer them out to redeem for a business-class flight, potentially saving yourself thousands of dollars in the process.

There really is no shortage of ways to redeem your miles for huge value when using transfer partners. In fact, here are some of our favorite ways to get max value out of your Capital One miles.

Checkout With PayPal

When your eligible card is linked to PayPal, you can checkout with PayPal and redeem your miles at a rate of 125 miles to $1. We’d recommend this only if you can’t use your miles for travel or as a statement credit.

Bottom Line: You might be under the impression that trying to make sense of transfer partners is too time-consuming or too difficult, but it’s not as bad as you may think! We’ve even put together a guide to teach you about the Capital One transfer partners and how to use them.

Capital One Transfer PartnerMin TransferTransfer Ratio (Cap One > Airline/Hotel)Transfer Time
Accor Live Limitless1,0002:1Up to 36 hours
Aeromexico Club Premier1,0001:1Almost Instant
Air Canada Aeroplan1,0001:1Almost Instant
Avianca LifeMiles1,0001:1Almost Instant
British Airways Avios1,0001:1Almost Instant
Cathay Pacific Asia Miles
1,0001:1Up to 36 hours
Emirates Skywards1,0001:1Almost Instant
Etihad Guest1,0001:1Up to 36 hours
EVA Infinity MileageLands1,0002:1.5Up to 36 hours
Finnair Plus1,0001:1Almost Instant
Flying Blue AIR FRANCE KLM
1,0001:1Almost Instant
Qantas Frequent Flyer1,0001:1Up to 36 hours
Singapore Airlines KrisFlyer1,0001:1Up to 36 hours
TAP Air Portugal Miles&Go1,0001:1Almost Instant
Turkish Airlines Miles&Smiles1,0001:1Up to 24 hours
Wyndham Rewards1,0001:1Instant

Alternatives to the CapOne VentureOne Card

Chase Sapphire Preferred® Card

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

The Sapphire Preferred® earns 2x points per $1 spent on all travel and dining purchases, 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 its $95 annual fee, and for many, it is worth every penny.

Read our article on The Capital One VentureOne® vs The Venture® Card, where we look at how each card earns rewards.

Wells Fargo Propel American Express Card

If you insist upon having a card with no annual fee, the Wells Fargo Propel card might be a great option for you. The card features 3x points per $1 spent on travel, dining, gas, rideshare and streaming services.

Each point you earn is worth a fixed 1 cent, and while the card offers a much better earning structure, you lose the benefit of being able to use transfer partners. Consider benefits that matter the most to you, and make your decision from there!


Frequently asked questions

Is the CapOne VentureOne card a Visa or a Mastercard?

The CapOne VentureOne card is a Visa card and can be used everywhere Visa cards are accepted. Keep in mind that the card features no foreign transaction fees, so using it overseas will not incur any additional cost to you.

Is the CapOne 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 a travel rewards card with no annual fee, then the CapOne VentureOne card might be a fantastic option for you.

What is the annual fee on the CapOne VentureOne card?

The CapOne VentureOne card has no annual fee.

When do CapOne VentureOne card miles expire?

Miles earned with your CapOne VentureOne 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 their travel portal, use them as a statement credit to offset travel purchases you’ve already made, or transfer them to one of their various airline partners.

Jarrod West

About Jarrod West

Jarrod first became fascinated with the world of points and miles as the perfect way to visit dream destinations without breaking the bank. On his first major award trip, he spent 3 months traveling through Europe, financed nearly entirely with points; while flying in premium cabins and staying in 5-star hotels along the way. Now, he is on a mission to help others realize their travel goals and upgrade their travel experiences. Jarrod has been writing about credit cards and travel loyalty programs for 4 years, and his work has been featured by Travel and Leisure, Matador Network, Yahoo Finance, and U.S. News.

Travel prices are about to surge from pent-up demand.

Use this points strategy to lock in pennies-on-the-dollar pricing in 2021, all without being a frequent flyer...

How do I only pay $30 to go to Hawaii, $200 for business class to Asia or just $150 to Europe?

Discover the real-life strategies that anyone can use to enjoy limitless travel (even on a limited budget!)

Just sign up below and I’ll send you the Limitless Travel Playbook instantly:

We respect your privacy. Please view our privacy policy here.

Disclaimer: Any comments listed below are not from the bank advertiser, nor have they been reviewed or approved by them. No responsibility will be taken by the bank advertiser for these comments.

Any thoughts or questions? Comment below!

Advertiser Disclosure

Many of the credit card offers that appear on this site are from credit card companies from which we receive financial compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). However, the credit card information that we publish has been written by experts who know these products inside out, and what we recommend is what we would (or already) use ourselves. This site does not include all credit card companies or all available credit card offers that are on the market. Click here to see a list of advertisers that we work with.