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Capital One likes to keep things simple. As a result, their collection of credit card offerings tend to fall short of being exciting.
Sure, if you have bad credit or no credit, you’ll find cards that can help you build or rebuild your credit history. And if you’re a foodie, you’ll find they have a card that caters perfectly to your tastes.
But what you won’t find with Capital One credit cards are luxury travel benefits or a long list of bonus earning categories. Simplicity has always been a priority for Capital One. That is, until now.
Capital One has recently improved earning and redemption options on their miles-earning credit cards.
With sweetened earnings on hotel purchases and the added ability to transfer miles to airline partners, Capital One has now created some modest excitement for their travel rewards cards.
Today we’re going to focus on the Capital One VentureOne Rewards Credit Card and how it treads water respectively in a crowded sea of rewards-earning credit cards.
Welcome bonus offers vary depending on when you’re approved, but one thing you can count on is a jump start in earnings that will contribute nicely to your travel fund!
Once you’ve been approved for the card, you’ll need to complete the minimum spending requirement within the first 3 months from the date of card approval to qualify for the bonus.
Terms Apply / Rates & FeesThe card offers unlimited miles at 1.25x per $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 no-annual-fee version of the more popular Capital One Venture Rewards Credit Card.
In addition to no annual fee, the Capital One 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 card?
The VentureOne Card doesn’t charge an annual fee.
Every purchase you make on the VentureOne Card is going to earn 1.25 miles for every dollar spent. You’ll want to keep the card in your wallet for those everyday expenses so the earnings can add up quickly.
As long as you have an open, active account, your miles will not expire. Should your account be closed, any miles that have not been redeemed will be forfeited.
There’s no limit to the amount of Capital One miles you can earn with the card.
Capital One has several flexible options for redeeming your miles.
The best value, in general, is to redeem your Capital One miles for travel, where you have several options. You can book travel with any hotel or airline you wish, book travel directly through Capital One, or utilize airline transfer partners.
You’ll never have to worry about redeeming your Capital One miles for good value.
You can book travel via the Capital One website by logging in to your account and selecting “book a trip” from the redemption options. Your miles will be worth 1 cent when used for travel.
Be sure to compare prices with other travel providers to receive the best deal and to utilize other travel rewards programs.
For example, you might be able to earn additional perks on your travel purchase with online travel agencies such as Expedia or Orbitz.
Capital One miles can easily be turned into airline miles. Airline miles can then be used to purchase award flights.
This option offers the possibility of greater value for your Capital One miles than the standard 1 cent per mile.
Currently, there are more than a dozen airline transfer partners, but more are being added.
If you’re looking to book a trip with miles, be sure to read our guide: The Best Ways to Redeem Capital One Miles.
You can still receive 1 cent per mile in value (or better) when redeeming your Capital One miles for gift cards. Look for discounts and specials offered on the Capital One website.
While transferring your Capital One miles to airline partners or redeeming for travel may give you the most value for your miles, there are other options.
You can redeem miles for previous purchases or a check. The value you receive will be poor, about one-half of a cent per mile.
No need to accumulate a certain level of miles, you can redeem as few or as many as you want, anytime you want.
Have a large purchase or multiple purchases coming up that you’d like to pay for over time? How about without interest?
Taking advantage of the 0% APR period on purchases can really help ensure that you don’t overpay in fees and interest, and still allow you to buy those unexpected big purchases.
It may be one of the best reasons to consider the VentureOne Card.
It’s important to pay off your balance before the end of the 15 month period to avoid incurring interest charges.
There’s no cost to transfer Capital One miles from one Capital One account to another. Both accounts must be in good standing and be miles-earning accounts.
You can find out if you have Capital One credit card offers waiting for you by using these risk-free tools that don’t affect your credit score.
Capital One has a great tool for determining if you’re already pre-qualified or pre-approved for one of their credit cards.
They’ve established a special website for you to enter your basic information and find out if you have credit card offers available.
If you do have Capital One personalized offers, it doesn’t mean you are guaranteed to be approved for a credit card, but the tool does give you an idea of which cards are best suited for you. Applying for the cards that fit your lifestyle can raise your chances of being approved.
To learn more about pre-qualifying and getting pre-approved for credit cards, we’ve put together a complete pre-qualification guide to walk you through the process.
Capital One participates in the Card Match Tool.
The tool works similarly to the pre-qualification tool. Simply complete and submit some basic information to find if you have existing credit card offers.
Bottom Line: Neither the Card Match Tool nor Capital One pre-qualification can guarantee you’ll be approved for a particular credit card. You will, however, have a much better idea of which cards you’re likely to get approved for by using these no-risk tools.
In addition to the earning and redemption benefits of the VentureOne Card, you’ll receive extended benefits offered through Visa.
When you apply for the VentureOne Card, you’ll either receive a Visa Platinum or Visa Signature credit card based on your creditworthiness as determined by Capital One.
Each card offers slightly different benefits so you’ll want to reference the specific benefits guide that comes with your card.Hot Tip: Cardholders of the Capital One Venture X card, Capital One Venture card, and Capital One VentureOne Rewards Credit Card can enjoy exclusive experiences and up to $300 in discounts towards a Gravity Haus membership. The club caters to adventurers who are interested in health and wellness and those who enjoy the outdoors.
The VentureOne Card provides you with certain travel protections and benefits, making travel not only affordable but also easy.
This card also serves you well while traveling overseas as no fees are charged on your foreign purchases.
Use your VentureOne Card to reserve and pay for your rental and refuse the rental car agency’s CDW coverage.
You will receive coverage for damage, theft, loss of use, and towing on your rental car for rentals 31 days or less outside your country of residence. Rentals of 15 days or less are covered within your country of residence.
Coverage is subject to terms and conditions found in your specific card’s benefits guide.
Hot Tip: If car rental insurance is an important factor for you, see our post on the best credit cards for car rental insurance.
Receive 24/7 referral assistance for services such as an English speaking doctor, emergency transportation, and legal help.
The cardholder is responsible for the actual cost of the provided services.
Hot Tip: If you own a business, check out some of the business credit cards offered by Capital One.
Purchase an eligible item with your card and receive an extension on the term of the manufacturer’s warranty.
Eligible items purchased with your Capital One card are covered for 90 days if damaged or stolen. This benefit is available with the Visa Signature version of the VentureOne Card.
Bottom Line: The actual benefits you receive with your VentureOne Card will depend on whether you’re approved for the Visa Signature or Visa Platinum Card. The benefit guide for each card can be accessed here.
Add an additional user to your credit card and track their spending with the VentureOne Card
Set up personalized payment reminders and alerts to be notified of specific activity on your account.
Manage transactions, make a payment, or view your balance with the convenient Capital One Mobile App.
Access and monitor your credit risk-free with the CreditWise® tool from Capital One. The tool is available free to non-cardholders as well.
Eno® is your virtual assistant who watches over your account, alerts you to unusual activity, and answers your questions 24/7.
Capital One offers both the Capital One Venture Rewards Credit Card and the VentureOne Card. The two cards are similar in how they earn miles and how you can redeem those miles.
In their marketing materials, Capital One tells us that the Venture Card is the better value “if you spend $1056 or more per month on everyday purchases”.
This is because, although the Capital One Venture card has a $95 annual fee, you will earn 2 miles per dollar spent versus the lesser 1.25 miles per dollar with the Capital One VentureOne card.
Add in the fact that the sign-up bonus can be much higher on the Venture Card, and the card can end up delivering more value for the right consumer.
For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.
The information regarding the Capital One Venture X Rewards Credit Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
The information regarding the Capital One Venture Rewards Credit Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
The VentureOne Card earns 1.25 miles for every dollar spent.
You can transfer your miles to airline partners.
You can also redeem your miles for gift cards, statement credits, or request that a check be sent to you. Some redemption options can result in receiving a value of less than 1 cent per mile which is not a good value.
You can also transfer miles to any of the airline transfer partners and use those frequent flyer miles to purchase award tickets.
Additionally, you can purchase travel from any airline that can be booked through the Capital One travel portal. You’ll receive a value of 1 cent per mile on the site.
When you log in to your Capital One online credit card account, you’ll see the option to redeem your miles whether it’s by requesting a statement credit, transferring miles, or booking travel directly through Capital One.
You’ll need to have a good to excellent credit score to qualify for a VentureOne Card.
While definitions can vary, a good to excellent credit score may be between 670-850.
However, if you’re considering the card, you may want to utilize the Card Match tool and Capital One pre-qualification tool first.
Doing so won’t hurt your credit score, and you may find existing offers for Capital One credit cards.
When you apply for the VentureOne Card, you’ll receive either a Visa Signature or Visa Platinum credit card.
Which card you qualify for will depend on your creditworthiness as determined by Capital One. The minimum credit limit you can receive is $1000.
There’s no annual fee on either of these Visa cards, but there are differences in benefits.
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Christine ran her own business developing and managing insurance and financial services. This stoked a passion for points and miles and she now has over 2 dozen credit cards and creates in-depth, detailed content for UP.
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7 comments
Jan Misuraca
October 29, 2019
Does my Venture One card cover me for travel insurance?
Christine Krzyszton
October 30, 2019
Hi Jan. The VentureOne card does not offer trip cancellation, interruption, or delay coverage.
Julie Leger
February 21, 2020
How do you get reimbursed for your luggage fees if you fly Frontier?
Jarrod West
February 21, 2020
Hi Julie,
Unfortunately, the Frontier credit card does not offer any sort of free baggage benefits, nor does the Capital One VentureOne card. One way is through reaching 100k elite status with Frontier, which requires you to fly 100k qualifying miles or 100 segments. Another option is using a credit card that offers an airline incidental credit like the Amex Platinum or the Amex Gold card.
Thanks for reading!
TAMIKO M PHIFER
December 08, 2021
Hello. Do you get the $100 reimbursed for the TSA PreCheck or Global Entry?
Christine Krzyszton
December 09, 2021
Hi Tamiko. The CapOne Venture card reimburses for whichever one you select, up to $100. For example, if you pay the $85 TSA PreCheck fee with your card, you will receive reimbursement for the $85 fee. The maximum you can receive is $100 in total. Here is a comparison between the 2 cards: /credit-cards/capital-one-venture-vs-ventureone-credit-card/
Dianne
January 08, 2023
You also get free museum access for 6 months through The Cultivist, and entertainment access such as coveted concert tickets and hard to get restaurant reservations.
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