VentureOne Rewards From Capital One Credit Card Review 2024

The Capital One VentureOne Credit Card provides moderate rewards with the ability to earn an unlimited 5 miles per dollar on hotels and rental cars booked through Capital One Travel and 1.25 miles per dollar on every other purchase and a welcome bonus of 20,000 miles after spending $500 on purchases within 3 months from account opening, equal to $200 in travel. It also offers a 0% intro APR on purchases and balance transfers for 15 months, 19.99% - 29.99% variable APR after that; 3% balance transfer fee for the first 15 months, 4% at a promotional APR that Capital One may offer you.

Though not as rewarding as its beefier peer, the Capital One Venture Rewards Credit Card (rates & fees), for the casual rewards earner the appeal may lie in the card’s lack of an annual fee and the ability to transfer miles to qualifying partner hotel and airline programs. This means that rewards, which would normally be valued at 1 cent per mile, could be worth more. Although maximizing rewards this way comes with plenty of fine print and details to watch, the flexibility is worth noting.

The simplicity in VentureOne’s rewards earning might appeal to those without a desire for the complex systems of rotating capped earning categories offered by other cards. Depending on the version of the card you are approved for, the extra travel benefits, like no foreign transaction fees and auto rental insurance, can create additional incentives for domestic and international travelers alike.

The card is worth considering as a solid all-around rewards card not because of its earning rate (which actually don’t compare as well to some no-annual-fee cash-back competitors) but because of these extra benefits. The perks of Capital One could, for the right customer, outweigh the slightly-better rewards of higher reward-yielding competition.

• Earn 5 miles per dollar on hotels and rental cars booked through Capital One Travel and 1.25 miles per dollar on every other purchase
• No annual fee
• No foreign transaction fees
• Introductory APR on purchases and balance transfers

Earning Rewards

Cardholders will earn 5 miles per dollar on hotels and rental cars booked through Capital One Travel and 1.25 miles per dollar on every other purchase which are earned automatically with the VentureOne. The lack of caps means no need to calculate limits and rewards do not expire as long as the account remains open.

A welcome bonus is available for the card: Earn 20,000 miles after spending $500 on purchases within 3 months from account opening, equal to $200 in travel.

Redeeming Rewards

As the VentureOne is a travel rewards card, redeeming miles can be a bit more complicated than earning them. Miles may be redeemed for both past travel purchases made on the card and new travel purchases at a dollar value of 1 cent per mile with no minimum.

Rewards earned with this card may be transferred to other Capital One accounts or to specific participating loyalty program accounts. Transferring to an account that values miles or points at a higher cash equivalence can be and often is the most effective way to maximize mile-to-dollar value. But it requires that effort be put in ahead of time to also understand the transfer program’s rules and limitations.

Rewards Potential

Forbes Advisor uses data from various government agencies to determine both baseline income and spending averages across various categories. The 70th percentile of wage earners brings in $116,000 annually and we base our sample household spending on that number. We estimate that the average household has $36,177 in annual expenses that can be reasonably charged to a credit card.

These annual miles would result in $557.51 of value when redeemed for statement credits against travel purchases.

Read more: Best Rewards Credit Cards

The Capital One VentureOne credit card offers a 0% intro APR on purchases and balance transfers for 15 months, 19.99% - 29.99% variable APR after that; 3% balance transfer fee for the first 15 months, 4% at a promotional APR that Capital One may offer you.

• No foreign transaction fees. No extra charges on purchases made abroad.
• Auto rental insurance. Eligible cardholders will receive coverage for damage due to collision or theft covered when rental cars are paid for with the card.
• Emergency card services. Quickly receive replacement cards.
• Transfer miles. Transfer miles to participating airline and hotel partner loyalty programs.
• CreditWise. Receive updates about credit report changes.
• Mobile app and virtual assistant. Access to Capital One’s mobile app and Eno, the virtual assistant.
• Dining and Entertainment benefits. Book tickets for sports, concerts and culinary experiences through Capital One Entertainment.
• Fraud coverage. You’re not responsible for unauthorized charges if your card is ever lost or stolen.
• Card lock. Ability to lock credit card use from a mobile device.
• Autopay. Set up automatic bill payments and never miss a due date.

Interest Rates

• Regular APR: 19.99% - 29.99% (Variable)
• Purchase intro APR: 0% intro on purchases for 15 months
• Balance transfer intro APR: 0% intro on balance transfers for 15 months

Fees

• Annual fee: $0
• Balance transfer fee: Balance transfer fee applies
• Foreign purchase transaction fee: None

Capital One VentureOne Rewards Credit Card vs. Chase Freedom Flex®

The VentureOne is well matched against the Chase Freedom Flex® in several areas. But where the reward earning starts, so do the differences. The VentureOne’s simple rewards model varies wildly from the Freedom Flex’s: Earn 5% cash back on up to $1,500 in combined purchases in categories that rotate quarterly (requires activation), 5% cash back on travel purchased through Chase Travel℠, 3% cash back on dining and drugstores and 1% cash back on all other purchases.

Neither card has an annual fee, but the Chase Freedom Flex does charge a foreign transaction fee. The big difference here is one has a rewards structure that must be calculated by each potential cardholder. The VentureOne is a simple-to-understand travel rewards card. The Freedom Flex is a complex cash-back card with lots to pay attention to, but could be more rewarding for some.

Capital One VentureOne Rewards Credit Card vs. Discover it® Miles

The Discover it® Miles card differs from the VentureOne in several big ways. First, the Discover it® Miles offers the ability to earn 1.5 miles per dollar on every purchase where the VentureOne only offers 1.25. Second, the Discover it® Miles’s reward miles can even be credited toward a minimum payment. Third, the earned reward miles never expire.

But the biggest difference between these cards is the welcome bonus. The Discover it® Miles card offers: Unlimited match of all the miles earned at the end of the first year. Based on average spending, the Discover it® Miles card is likely to come out ahead in terms of the welcome bonus.

The Discover it® Miles also offers a 0% intro APR on purchases and balance transfers for the first 15 months of account opening. After that, a variable APR of 18.24% - 28.24% applies. A balance transfer fee of up to 5% of the amount transferred applies.

The clear winner of this fairly well-matched comparison is the Discover it® Miles, at least for the first year, unless you intend to leverage the VentureOne’s transfer partners.

Capital One VentureOne Rewards Credit Card vs. Capital One Venture Rewards Credit Card

Capital One’s model seems to involve offering a credit card, like the Capital One Venture (rates & fees), along with a similar, slightly watered-down alternative, like the VentureOne, that has no annual fee.

Offering the ability to earn 5 miles per dollar on hotels and rental cars booked through Capital One Travel, 5 miles per dollar spent on Capital One Entertainment purchases through 12/31/25 and an unlimited 2 miles per dollar spent on other purchases, the Venture card trumps the VentureOne’s flat-rate rewards on purchases outside Capital One Travel. It also offers a higher welcome bonus, but requires more spending to qualify. It has no introductory APR and the standard rate APR is higher, so if you need to carry a balance this card won’t be ideal (rates & fees).

For those who travel frequently, it offers expanded benefits like a reimbursement for up to $100 for Global Entry or TSA PreCheck® application fees every four years.

What’s the catch? A $95 annual fee.

Read more: Best Credit Cards of 2024

Like all of Capital One’s cards that have a “One” postfixed to the name, the Capital One VentureOne Rewards Credit Card is the casual alternative to its more hefty sibling, the Capital One Venture Rewards Credit Card. This doesn’t limit the card’s viability for some consumers, however.

The Capital One VentureOne offers a casual travel card with powerful additional benefits and decent rewards. Overall, the VentureOne is worth a look but falls short of many excellent-credit-level all-around reward cards.

Forbes Advisor considers a variety of criteria when assigning credit cards a rating. Cards are graded based on numerous factors, including:

• Annual fees
• Welcome bonus offers
• Ongoing earning rates
• Value of individual points or miles
• Included travel or merchant credits
• Additional cardholder benefits

Card features we expect cardholders to use the most often are weighted more heavily in our ratings. Altogether, the factors came together to provide a star rating for each individual card.

Read more: How Forbes Advisor Rates Credit Cards

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.