Capital One® VentureOne® Rewards Credit Card Review
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"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.
The information regarding the Capital One® VentureOne® Rewards Credit Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
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 Capital One® Venture® Rewards Credit 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.
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
Update: Through January 31, 2020, VentureOne cardholders will earn unlimited 5x miles on all Uber Eats purchases.
- No annual fee
- No foreign transaction fees
- Travel accident and rental car insurance
- Ability to use transfer partners
Con's
- Weak earn rate at 1.25x miles per $1 spent on all purchases
- No luxury travel or elite benefits
Card Snapshot
- Welcome Bonus & Info (Partner Content)
- $0 annual fee and no foreign transaction fees
- Earn a bonus of 20,000 miles once you spend $1,000 on purchases within 3 months from account opening, equal to $200 in travel
- Earn unlimited 1.25X miles on every purchase, every day
- Travel when you want with no blackout dates and fly any airline, stay at any hotel, anytime
- Miles won’t expire for the life of the account and there’s no limit to how many you can earn
- Transfer your miles to over 15+ leading travel loyalty programs
- Enjoy 0% intro APR on purchases for 12 months; 14.49% – 24.49% variable APR after that
- Card Type:Credit Card
- Card Categories:
- Rewards CenterRedeem your miles through CapitalOne.com.
- Customer Service Number800-227-4825
- Login Link
- Related Articles
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.
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 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 FeesNone
- Interest Rates
- 0% intro APR for first 12 months; 14.49% - 24.49% variable APR after that
- Late fees
- Up to $39
- Balance Transfers
- 14.49% - 24.49% (Variable)
- Fee: 3% of the amount of each transferred balance that posts to your account at a promotional APR
- Cash Advance APR
- 24.49% (Variable)
- Fee: Either $10 or 3% of the amount of each cash advance, whichever is greater
How to Earn More Points
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
| Capital One® Venture® Rewards Credit Card - This card is packed with a lot more benefits and perks. Earn 100,000 bonus miles when you spend $20,000 on purchases in the first 12 months from account opening, or still earn 50,000 mile sign up bonus once you spend $3,000 on purchases within 3 months from account opening. We recommend this as a no-brainer card if you even semi-regularly stay at hotels. |
| Capital One® VentureOne® Rewards Credit Card - This is an excellent card for those looking to earn 1.25x miles per $1 on every purchase. With a 20,000 mile sign up bonus (worth $200 toward travel) after spending $1,000 within the first 3 months and no annual fee, it's a strong choice. |
Business Cards
| Capital One® Spark® Miles Select for Business - This no annual fee card earns unlimited 1.5x miles per dollar on every purchase and has a 20,000 mile sign up bonus [worth $200 in travel] after meeting the minimum spend of $3,000 within the first 3 months. Save on interest with 0% intro APR on purchases for 9 months; 13.99% - 23.99% variable APR after that. |
| Capital One® Spark® Miles for Business - This card earns unlimited 2x miles per dollar on every purchase, everywhere, and has a one-time bonus of 50,000 miles [worth $500 in travel] after spending $4,500 on purchases within the first 3 months. Plus, earn 5x miles on hotel and rental card bookings through Capital OneSM using a Spark Miles card. Annual Feel: $0 intro for the first year, $95 after that. |
How to Use These Points for Max Value
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 for Travel Purchases
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.
Statement Credit for Food and Streaming Service Purchases (Limited Time)
Capital One has added the ability for VentureOne® cardholders to redeem their miles for eligible restaurant delivery, takeout, and streaming service purchases until September 30th, 2020. Cardholders will be able to redeem their miles at a rate of 1 cent per point for these purchases.
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 Partner | Min Transfer | Transfer Ratio (Cap One > Airline) | Transfer Time |
|---|---|---|---|
| Accor Live Limitless | 1,000 | 2:1 | Up to 36 hours |
| Aeromexico Club Premier | 1,000 | 2:1.5 | Almost Instant |
| Air Canada Aeroplan | 1,000 | 2:1.5 | Almost Instant |
| Flying Blue AIR FRANCE KLM | 1,000 | 2:1.5 | Almost Instant |
| Alitalia MilleMiglia | 1,000 | 2:1.5 | Almost Instant |
| Avianca LifeMiles | 1,000 | 2:1.5 | Almost Instant |
| Cathay Pacific Asia Miles | 1,000 | 2:1.5 | Up to 36 hours |
| Emirates Skywards | 1,000 | 2:1 | Almost Instant |
| Etihad Guest | 1,000 | 2:1.5 | Up to 36 hours |
| EVA Infinity MileageLands | 1,000 | 2:1.5 | Up to 36 hours |
| Finnair Plus | 1,000 | 2:1.5 | Almost Instant |
| JetBlue TrueBlue | 1,000 | 2:1.5 | Almost Instant |
| Qantas Frequent Flyer | 1,000 | 2:1.5 | Up to 36 hours |
| Singapore Airlines KrisFlyer | 1,000 | 2:1 | Up 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.
Frequently asked questions
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, 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.
