Card Summary Table
- Card Provider
- Card Type(s):
- Card Focus:
- All Purchases
- Card Bonus & Info
- 20,000 pts after spending $1,000 in first 3 months ($200 in travel!)
- 1.25 pts/$1 for all purchases (no limit)
- Book travel on any website or app
- Fly on any airline and stay at any hotel chain
- Exclusive Visa Signature benefits including 24/7 concierge service
- Fraud coverage and security alerts
- Annual Fee
- Rewards CenterRedeem your miles through CapitalOne.com.
- Goes Well With
- Foreign Transaction FeesNone
- Typical UsersFrequent Travelers, Hobby Travelers, International Travelers, Parents / Families, The Average Spender
- Customer Service Number
- Login Link
- PartnersThere are no partners with this card; instead, you can redeem your rewards toward any travel purchase as statement credit.
- Interest Rates ?
- 0% intro APR for first 12 months
- 12.49%-22.49% Variable APR after that
- Late fees ?
- Up to $35
- Balance Transfers
- 12.49%-22.49% APR
- $10 or 3% fee of the amount of each transfer (whichever is greater)
- Cash Forwarding
- $10 or 3% fee of the amount of each transfer (whichever is greater)
- 23.49% APR
The Ideal Cardholder
Whether flying abroad or taking a vacation in the states, you want the easiest way to earn and redeem miles.
The Capital One VentureOne Rewards Credit Card earns 1.25 miles for every dollar you spend on anything. That’s why you reach for it to pay for all of your expenses!
When it’s time to redeem, you know you can travel anywhere that captures your attention because you’re not tied to a specific carrier or hotel chain.
There’s a reason this card is one of the most popular among travelers.
Sign-Up Bonus and Earning Rate
Get bonus miles after spending the required amount in the allotted time with the card. See above card summary table for current offer details.
Then earn unlimited 1.25x miles for every dollar you spend (100 miles equals $1 in travel rewards). No categories, no keeping track. Just unlimited 1.25 miles per dollar with every swipe.
Benefits of the Capital One VentureOne Rewards Credit Card
With this travel rewards card, you earn miles and redeem them as statement credit for travel-related purchases. Each 100 miles you earn is worth $1 in travel rewards.
When making your travel plans, you’re free to research the lowest offers and then book however you choose. You can even book your trip at any website or app to make sure you really are getting the best deal.
International travel is included, which is great because there are no foreign transaction fees with this card. Plus, it has an EMV chip for hassle-free purchases.
No Annual Fee and Visa Signature Benefits
Unlike the Capital One Venture Rewards Credit Card, the Capital One VentureOne Rewards Credit Card has no annual fee. And if you have some big purchases coming up, no worries: the card comes with a 0% interest APR for 12 months.
Because the VentureOne is a Visa Signature card, you also receive a number of exclusive benefits as a cardmember.
For instance, get premium benefits at over 900 luxury properties, shopping discounts at top online retailers, and Visa concierge service 24 hours a day at home and away.
Find a complete list of Visa Signature benefits here.
Redeeming Miles for Travel
You have two options for redeeming miles for travel: Purchase Eraser and new reservations.
Purchase Eraser allows you to redeem your miles for a wide range of travel purchases including (but not limited to): airline tickets, hotel stays, railway tickets, cruises, rental cars, time shares, and much more.
Just make the travel purchase and then apply your miles to receive statement credit. Don’t have enough miles to cover the entire cost? You can use partial credit!
Once the charge posts to your statement, you have 90 days to apply your miles for credit.
If you prefer to use your miles to book travel directly, that’s possible too. Simply call the Redemption Center or go to CapitalOne.com to make a reservation for a flight, hotel stay, or car rental. You can use your miles to pay!
The total number of miles you’ll need to redeem for a new reservation will depend on how much the travel purchase costs. The quickest way to figure it out is to multiply the cost of the purchase by 100.
For example, a $400 travel purchase would require 40,000 miles.
You can also redeem miles for statement credit or gift cards. Unfortunately, that reduces the value of your miles by a lot, so we don’t recommend it.
Earning Loyalty Points
One of the most amazing benefits of using Purchase Eraser to redeem your miles for statement credit is that you can still collect loyalty points from your favorite loyalty programs. What a great way to maximize your benefits!
Because you can make travel purchases on any website, you’re able to provide the account numbers for your loyalty programs and accrue additional points.
Compared to the Capital One Venture Rewards Credit Card
The Capital One Venture Rewards Credit Card has an annual fee of $59. However, you typically get a bigger sign-up bonus (see the card review for current offer), and you’ll earn 2x miles on every purchase.
If you use the card often enough, it’s possible to earn back the cost of the annual fee and then some.
However, some people prefer not to have an annual fee at all. And only the Capital One VentureOne credit card gives you an introductory 0% APR for 12 months.
You will earn an unlimited 1.25x miles on every single purchase you make with no limit.
If you redeem miles for travel purchases and take advantage of the 12-month 0% APR, there is tremendous value in the Capital One VentureOne Rewards Credit Card.
Great Card If
- You don’t want to pay an annual fee
- You prefer flexible travel awards
- You want 12 months interest-free to pay for a big purchase
Don't Get If
- You would rather earn cash-back
- You don’t travel often
U.P. Pro Tips
Get the most value out of the Capital One VentureOne Rewards Credit Card by combining it with other credit cards.
For example, the Chase Freedom® and Discover it Card allow you to earn 5% cash-back on quarterly bonus categories up to $1,500, plus 1% on other purchases.
For categories not covered by the 5%, use the Capital One and get 1.25 miles instead!
How To Use the Capital One VentureOne Rewards Credit Card: The Upgraded Way™
Best Way To Maximize Points
The Capital One VentureOne Rewards Credit Card is ideal to use when paying for just about anything to earn 1.25x miles.
Think about all the monthly expenses you can put on your card. Whether it’s normal expenses like gas, groceries, and utility bills, or occasional expenses such as doctor’s visits and haircuts, it can all add up to a ton of miles!
Even if you just purchase gas and groceries with the card, it can add up fast. For instance, spending $1000 a month for year adds up to $12,000.
At 1.25% the miles, that $12,000 becomes 15,000 miles, or a $150 statement credit. That’s just using the card for what you’d buy anyway!
If you put extra expenses on the card, you can really rake in the miles!
Here are some tips for maximizing your miles:
Tip #1: Spend the required amount in the allotted time to earn the sign-up bonus. That alone will give you statement credit for travel purchases right off the bat.
Tip #2: Never make a late payment on your card if you can help it. If a late fee is added to your monthly bill, you’ll lose any miles you could have earned during that billing cycle.
Tip #3: Book all of your international travel with the card so you don’t incur any foreign fees on purchases. Plus, because it has an EMV chip, you can make purchases abroad hassle-free!
Tip #4: If you have more than one Capital One Rewards account, you may be able to transfer miles between accounts.
That way, instead of having multiple accounts with a few miles, you can have one account with a healthy balance to use for your redemptions.
Tip #5: Add authorized users to your account. Then you can earn miles for their purchases too!
Best Way To Redeem Points
We’ve already discussed the 2 ways to redeem miles for travel with this card: using Purchase Eraser (for statement credit), or making a new reservation at capitalone.com. All travel redemptions are valued at $0.01 per mile.
You also have a few other options for redeeming your miles.
Redeeming Miles for Partial Credit
One unique feature of the Capital One Rewards program is that you don’t need a minimum number of miles to redeem them for full statement credit.
You can also get partial travel credit on purchases starting at 2,500 miles. For example, buy a $250 plane ticket and redeem just 2,500 miles for a statement credit of $2.50.
Of course, 2,500 miles is just the starting point!
Other Ways to Redeem Miles
You can redeem the miles earned with your Capital One VentureOne credit for cash-back, gift cards, and merchandise at capitalone.com.
Unfortunately, miles are worth a lot less than $0.01 each if you don’t redeem them for travel, so we don’t recommend this.
The 12-Month Intro 0% APR
Did your computer crash? Is your refrigerator on its last legs?
The introductory 0% APR is a fantastic opportunity to make a large purchase and spread the payments over 12 months without racking up interest.
Of course, you shouldn’t buy something you don’t need just because there’s no interest. And don’t wait until the last minute to pay it off! Once the introductory APR expires, you’ll be charged interest back to the time of purchase if you’re still carrying that balance.
While the card does not have travel partners, this can actually be a good thing! With no designated partners, you can book travel with any airline or hotel chain for 1.25x miles and then redeem your miles for statement credit.
So far we have looked at the ways it’s possible to earn and redeem miles with the card. Next, we’ll do the numbers and see if signing up is really worth it.
A Quick Recap
First, let’s review the cost and earning potential of the Capital One VentureOne Rewards Credit Card in the table below.
|Annual Fee||Points Earned for All Purchases|
Since the card has no annual fee, you start getting value from the card right away. Add in the sign-up bonus and you start out with statement credit ready to use.
Earning Miles With Our Model Families
Using our 3 model families, let’s apply their yearly spending to see how many miles it’s possible to earn in a year.
|Family||Yearly Card Spend||Total Miles Earned|
Next, let’s calculate the travel value of the miles earned by each value based on the formula $0.01/mile, rounded down to the nearest dollar.
Wow! Our families earned $282-$563 in travel statement credit!
Of course, if they redeem the miles for cash-back, gift cards, or merchandise, the value will be much less.
Comparing the Card Value to the Capital One Venture Rewards Credit Card
Now we’ll compare the value of the Capital One VentureOne Rewards Credit Card to the Capital One Venture Rewards Credit Card (using the calculations from our review of that card).
In the following table, we can see the value of both cards.
|Family||Capital One VentureOne Rewards Credit Card Value||Capital One Venture Rewards Credit Card Value|
Clearly, if you base the calculations on the same amount of spending, the Capital One Venture Rewards Credit Card comes out ahead. However, the card also has an annual fee of $59 after the first year.
Additionally, the Capital One Venture Rewards Credit Card doesn’t have a 12-month intro APR on purchases. If you plan on making a big purchase, you could benefit from spreading out your payments interest-free.
The Capital One VentureOne Rewards Credit Card has the potential to be quite valuable, at over $550 per year per our calculations!
To see which card is better for your needs, you need to do the calculations using your own numbers. Only then will you be able to see which is the better deal.
The Gritty Details: Everything Else You Need To Know
The sign-up bonus miles offer is only available to new cardmembers. It may take up to 2 billing cycles for miles to be applied to your rewards balance after you qualify.
You cannot earn miles on non-purchase transactions such as cash advances and balance transfers.
Other Unique Features
Card members receive a variety of Capital One benefits, including but not limited to the following:
Online banking – Manage your Capital One account online
Second Look from Capital One – This feature looks for unusual and duplicate charges on your account
Security alerts – Stay on top of account security with personalized emails or texts
$0 fraud liability – No liability if the card is lost or stolen
Capital One Wallet – This mobile payment app provides immediate charge notifications, account balances, available credit, and rewards earnings
Autopay – Have your monthly payments made automatically
Apple Pay – Use select Apple devices to make purchases
Personalized payment – Choose your own billing due date and payment method with no fee
Extended warranty– Receive additional warranty protection on card purchases
Annual account summary – A yearly overview of payments and transactions organized by category
Travel accident insurance – Pay for travel fare with the card and receive automatic insurance for loss of life or limb at no extra charge
24-hour travel assistance – Get emergency card replacement and a cash advance if the card is lost or stolen
Auto rental insurance – Coverage for damage due to collision or theft
Financial education site – Get access to financial tools, tips, and resources to manage your credit
As a Visa Signature card, the Capital One VentureOne Rewards Credit Card also includes additional benefits. The following is a partial list, and you can find the complete list of Visa Signature benefits here.
Event access – Enjoy special access and preferred seating at sporting events and concerts
Roadside dispatch – 24/7 towing and locksmith referral services in the U.S. and Canada
Visa Signature Concierge – Available 24 hours a day from home and when you travel
Luxury Hotel Collection – Premium benefits at over 900 properties
Lost luggage reimbursement – Coverage up to $3,000 if checked or carry-on luggage is lost or stolen
Photo Credits/Credit/Copyright Attribution:
Girl Throwing Arms Up: aslysun/Shutterstock
Credit Cards on Keyboard: Brian A Jackson/Shutterstock
Couple Smiling Over Online Purchase: Subbotina Anna/Shutterstock
Man Staring at Question Marks: pathdoc/Shutterstock
Chase Sapphire Preferred® Card
- Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
- Named Best Credit Card for Flexible Travel Redemption - Kiplinger's Personal Finance, July 2016
- 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
- Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
- No foreign transaction fees
- 1:1 point transfer to leading airline and hotel loyalty programs
- Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
- No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
What is the Capital One VentureOne Rewards Credit Card? Is it worth it?
This is a travel credit card from Capital One. With the card, you earn 1.25x miles on all of your purchases and redeem those miles for travel.
The card comes with a sign-up bonus, which is detailed in the card summary table above or special offer below.
One of the best features of the card is that you can travel on any airline and stay with any hotel chain for both earning and redeeming miles. In addition, you can redeem your miles whenever you want.
For many people, these benefits make the card well worth it.
What benefits come with the Capital One VentureOne Rewards Credit Card?
There are many benefits with the card. For instance, the card comes with an intro APR. If you have a big purchase coming up, you’ll be able to spread out the payments interest-free.
Also, your rewards never expire for the life of the account, and there is no maximum number of rewards you can earn on purchases.
Finally, you don’t have to worry about accruing fees when using the card abroad because there are no foreign transaction fees on purchases.
These are just some of the many benefits available to card holders.
How do I redeem the miles I earn with the Capital One VentureOne Rewards Credit Card?
Redeem your miles for travel on any airline or at any hotel at the Redemption Center. Your points are also good for statement credit toward travel purchases such as cruises, car rentals, limousines, taxis, bus fare, and much more.
When do Capital One VentureOne Rewards Credit Card miles expire?
Miles will never expire as long as your account is active.
Who are the Capital One VentureOne Rewards Credit Card partners?
There are no specific partners with this card. Instead, you have the flexibility of booking travel with any airline or hotel.
What is the annual fee with the Capital One VentureOne Rewards Credit Card?
The card has no annual fee.
Does the Capital One VentureOne Rewards Credit Card have a 0% APR?
The card typically comes with an intro APR. Then it becomes a variable APR as mentioned in the card summary table above.
Is there a foreign transaction fee with the Capital One VentureOne Rewards Credit Card?
No. There are no foreign transaction fees.
Which is better, the Capital One VentureOne Rewards Credit Card or the Capital One Venture Rewards Credit Card?
While the Capital One Venture Rewards Credit Card earns 2x miles per dollar on every purchase, the Capital One VentureOne Rewards Credit Card earns unlimited 1.25 miles per dollar on every purchase.
The VentureOne typically offers an intro APR and has no annual fee. However, depending on your spending, the Capital One Venture Rewards Credit Card may be more valuable due to its higher earning rate.
What is the Capital One VentureOne Rewards Credit Card login?
The login is capitalone.com.