Capital One® VentureOne® Rewards Credit Card Review

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Capital One® VentureOne® Rewards Credit Card Review

U.P. Rating:

"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.

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?

Pro's

Con's

  • 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

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 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.

Great Card If

  • 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

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

Card Fees

  • Annual Fee
    • $0
  • Foreign Transaction Fees
    None
  • Interest Rates
    • 0% intro APR for first 12 months
    • After that, 14.24%, 20.24% or 24.24%, based on your creditworthiness
  • Late fees
    • Up to $38
  • Balance Transfers
    • 14.24%, 20.24% or 24.24%, based on your creditworthiness
    • Fee: 3% of the amount of each transferred balance that posts to your account at a promotional APR
  • Cash Advance APR
    • 24.24%
    • Fee: Either $10 or 3% of the amount of each cash advance, whichever is greater

How to Earn More Points

Hotels.com Website Homepage
Use your VentureOne card for all of your Hotels.com bookings. Image courtesy of Shutterstock.

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

Business Cards

How to Use These Points 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 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.

Capital One Transfer PartnerMin TransferTransfer Ratio (Cap One > Airline)Transfer Time
Aeromexico Club Premier1,0002:1.5Almost Instant
Air Canada Aeroplan1,0002:1.5Almost Instant
Flying Blue AIR FRANCE KLM
1,0002:1.5Almost Instant
Alitalia MilleMiglia1,0002:1.5Almost Instant
Avianca LifeMiles1,0002:1.5Almost Instant
Cathay Pacific Asia Miles
1,0002:1.5Up to 36 hours
Emirates Skywards1,0002:1Almost Instant
Etihad Guest1,0002:1.5Up to 36 hours
EVA Infinity MileageLands1,0002:1.5Up to 36 hours
Finnair Plus1,0002:1.5Almost Instant
Hainan Fortune Wings Club1,0002:1.5Up to 36 hours
Qantas Frequent Flyer1,0002:1.5Up to 36 hours
Qatar Airways Privilege Club1,0002:1.5Up to 36 hours
Singapore Airlines KrisFlyer1,0002:1Up to 36 hours

Competitor Cards

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.

FAQ

Is the Capital One® VentureOne® card a Visa or a Mastercard?

The Capital One® 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 Capital One® VentureOne® 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, that offers fantastic earnings for purchases with hotels.com, then the VentureOne® card might be a fantastic option for you.

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

The Capital One® VentureOne® card has no annual fee.

When do Capital One® VentureOne miles expire?

Miles earned with your Capital One® 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

As a former broke college graduate with an insatiable desire to see the world, Jarrod became fascinated with using points and miles as the perfect way to visit dream destinations without breaking the bank. Like many others who enter this hobby, his fascination quickly led to a full-blown obsession which resulted in earning millions of points and spending 3 months traveling Europe with his girlfriend, Valeria, financed almost entirely with points and miles!

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