Capital One® VentureOne® Rewards Credit Card Review

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 VentureOne® is the no-annual-fee version of the more popular Venture® card that you’ve likely seen Alec Baldwin promoting on TV.

In addition to no annual fee, the VentureOne® card offers no foreign transaction fees and great returns for fans of the booking site hotels.com.

But is this card worth its salt, or is it merely a shell of the more popular Venture® card?

• 10x miles per $1 spent on bookings through hotels.com/venture
• No annual fee
• No foreign transaction fees
• Travel accident and rental car insurance
• Ability to use transfer partners

• Weak earn rate at 1.25x miles per $1 spent on all purchases
• No mile bonus categories other than hotels.com
• No luxury travel or elite benefits

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

The card is great for travelers who aren’t loyal to any particular hotel group, since you can take advantage of the large 10x miles per $1 spent on hotels.com bookings. With no foreign transaction fees, there’s no need to fear when using your card overseas.

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

• You can book all of your accommodations with hotels.com
• You want a travel rewards card with no annual fee
• You want a card with flexible redemption options, including transfer partners

• 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

Booking With Hotels.com

While this is the only bonus category that comes with the VentureOne® card, it is certainly a big one. When you use your VentureOne® credit card to book your hotels through hotels.com/venture, you’re going to receive a whopping 10x miles for every $1 spent.

If you aren’t loyal to any particular hotel group and don’t mind using hotels.com for all of your bookings, the 10x earnings will prove very lucrative for you.

Not only that, but when you join the hotels.com rewards program, after staying 10 nights you’ll receive a free night equal to the average cost of your first 10 nights.

When combining this benefit with the 10x miles earned with your VentureOne® card, it could amount to a savings of 20% or more for every 10 nights you book with hotels.com.

Bottom Line: Any time you have travel plans, you’ll want to book your accommodations through hotels.com and use your VentureOne® card at checkout to take advantage of the 10x miles per $1 spent — each night can really add up!

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.

Check out some of our favorite Capital One cards that earn miles:

Personal Cards

Credit Card	Benefits & Info
Capital One® VentureOne® Rewards Credit Card	Earn 20,000 mile sign up bonus (worth $200) once you spend $1,000 on purchases within 3 months from account opening. 0% Intro APR on purchases for 12 months Earn 10X miles per $1 spent across thousands of hotels, through January 2020 Annual Fee: $0
Capital One® Venture® Rewards Credit Card	Earn 50,000 mile sign up bonus (worth $500) once you spend $3,000 on purchases within 3 months from account opening. Earn 10X miles per $1 spent across thousands of hotels Annual Fee: $0 intro for the first year, $95 after that.

Business Cards

Credit Card	Benefits & Info
Capital One® Spark Miles For Business	50,000 miles once you spend $4,500 on purchases within 3 months from account opening Earn 2 miles per $1 on every purchase, every day Annual Fee: $0 intro for first year; $95 after that
Capital One® Spark Miles Select For Business	Earn 20,000 miles once you spend $3,000 on purchases within 3 months from account opening Earn 1.5 miles per $1 on every purchase, every day Save on interest with 0% intro APR on purchases for 9 months; 14.74% - 22.74% variable APR after that No annual fee

With the Capital One® 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

If you make a travel purchase with your 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.

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.

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!

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® Card 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.