19.74% - 29.74% variable
Balance Transfer Fee
$3 or 3%, whichever is greater
Good - Excellent
The Capital One VentureOne Rewards Credit Card may be a suitable option for those seeking a credit card without an annual fee and offering unlimited rewards on spending. Additionally, this card offers a welcome bonus, 0% introductory APR, and an extensive range of transfer partners, making it a compelling choice for those interested in travel rewards credit cards.
However, while the Capital One VentureOne Rewards Credit Card is a strong contender in the no-annual-fee category, there are other cards in the same category that may offer additional benefits. Overall, the Capital One VentureOne Rewards card is a good choice for those looking to earn rewards on their everyday purchases without paying an annual fee.
- Rewards And Welcome Bonus
- Airlines And Hotels Transfer Partners
- Unlimited Miles With No Expiration
- 0% Intro APR
- No Special Travel Benefits
- Low Rewards Rate
In this Review
Estimating Your Rewards: A Practical Simulation
The following table showcases a rewards simulation highlighting the benefits of using the Capital One VentureOne Rewards Credit Card. It provides an approximate calculation of the rewards you could earn using the card for your expenses across various categories.
Spend Per Category
Capital One VentureOne Rewards Credit Card
$10,000 – U.S Supermarkets
$3,000 – Restaurants
$5,000 – Airline
$3,000 – Hotels
$4,000 – Gas
Estimated Annual Miles
Pros and Cons
Just like any other credit card, the Capital One VentureOne Rewards has some advantages and disadvantages:
Rewards And Welcome Bonus
No Special Travel Benefits
Airlines And Hotels Transfer Partners
Low Rewards Rate
Unlimited Miles With No Expiration
New VentureOne cardholders earn a signup bonus of 20,000 bonus miles once you spend $500 on purchases within the first 3 months from account opening.
In addition, cardholders accumulate unlimited 5X miles on hotels and rental cars booked through Capital One Travel and 1.25X miles on all other purchases.
With the Capital One VentureOne Rewards Credit Card, you get access to transferring your miles to over 15 airline and hotel partners. This is a great benefit since you can transfer points and book with the transfer partners.
For example, with Emirates Airline, you can transfer your miles at a ratio of 1:1.
The card offers one of the longest intro APR in the market – 18 months on purchases and balance transfers, the longest between Capital One cards.
There is no cap on earning rewards on spending with this credit card. Also, when your miles have no expiration date, you have the independence to decide how and when to redeem them.
With Capital One VentureOne Rewards Credit Card Miles can be redeemed for a variety of rewards, including travel, cash back, gift cards, and more. For example, you can use your miles to book travel through Capital One's travel platform.
Unlike other no-annual-fee travel cards, such the Hilton Honors American Express Card or the American Airlines AAdvantage® MileUp® which offer specific hotel or airline benefits, this card is general and doesn't offer it.
Also, other premium travel card rewards such as TSA precheck reimbursement or annual travel credit are not available.
The Rewards rate is quite low, even compared to other cards with no annual fee.
For example, with the Wells Fargo Autograph℠ Card, you can get 3X points on restaurants, travel, gas stations, transit, popular streaming services, and phone plans. Also, earn 1X points on other purchases.
Cardholders get protection services from Eno like Security Alerts, $0 Fraud Liability, Virtual Card Numbers, etc.
This can save you from any kind of fraudulent activity, and it also provides CreditWise with alerts when your TransUnion® or Experian® credit report changes.
Is It The Right Card For You?
The Capital One VentureOne Rewards Credit Card is well-suited for beginners who desire a card without an annual fee. It is a suitable starting point for individuals who unfamiliar with how travel miles and points work.
Although the reward rate is relatively low, the card offers several transfer partners that one can take advantage of. Moreover, the card may be attractive to individuals who wish to earn rewards without the added burden of tracking rotating bonus categories or spending caps.
Furthermore, for individuals who are new to the credit card scene and are looking to establish their credit score, starting with a basic credit card is advisable. By using the card responsibly and making timely payments, one can effectively improve their credit score.
If you would like to access to better travel rewards with Capital One, you can consider the Venture Rewards card or Venture X card, which is the most premium travel card Capital One offers.
How To Maximize Card Benefits?
Here are some tips that will help you to maximize the benefits of VentureOne Rewards Credit Card:
If you are about to make a big purchase and want to pay it overtime Capital One VentureOne Rewards Credit Card offers an intro APR for the first 18 months on purchases and balance transfers.
It may be a good option if you want to consolidate your debt into one credit card or use the new card for your next vacation.
There are more than 15 transfer partners to whom you can transfer your miles, but to whom should you transfer to maximise your redemption? So here is the list of some of the best return partners of the capital one:
- Turkish Airlines Miles&Smiles: This is a great option for domestic flights, with a value of around 1.4 cents per mile.
- Air France/KLM Flying Blue: If you want a great redemption option with your miles while travelling from the US to Europe, Flying Blue could be a great option.
- Air Canada Aeroplan: The value of this Air Canada Aeroplane is around 1.9 cents per point, so it's a great redemption option.
As previously mentioned, there is no limit to the rewards that can be earned with this card. To fully benefit from it and maximize its advantages, it is recommended to use the card for all purchases. This will enable you to accumulate more miles that can be redeemed for rewards.
How To Apply?
It's easy and quick to apply for the VentureOne Card:
Step 1: Visit the Capital One VentureOne Credit Card page and click “Apply Now”.
Step 2: After you click on apply now, you will be directed to the pages where you have to fill out your personal information like name, email, occupation, etc.
Step 3: You will be shown a preview page to ensure that the information you entered is valid. Finally, make sure you read the key disclosure page to learn about your eligibility, fees, expenses, rates, and so on. Then, to finish the process, click “submit.”
The redemption value of Capital One VentureOne Rewards miles is one cent per mile.
Yes, Capital One VentureOne Rewards miles can be transferred to various transfer partners such as airlines and hotels.
Yes, the Capital One VentureOne Rewards Credit Card can be used outside of the United States with no foreign transaction fees.
Yes, you can add an authorized user to your Capital One VentureOne Rewards Credit Card.