Pros
- 20,000 miles initial bonus
- Unlimited 1.25 miles per $1 on every purchase
- Miles are redeemable for any travel-related expense on your bill
- 0% intro APRs
- No annual fee
Cons
- Balance transfer fee
- Potential for a very high regular APR
Capital One VentureOne Rewards Credit Card
Transfer Fee: 3% for the first 15 months, 4% at a promo APR that Capital One may offer you at any other time
- Earn unlimited 1.25X miles on every purchase, every day
- Earn 5X miles on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options
Earn a bonus of 20,000 miles once you spend $500 on purchases within 3 months from account opening, equal to $200 in travel
Rewards Details
- Earn a bonus of 20,000 miles once you spend $500 on purchases within 3 months from account opening, equal to $200 in travel
- Earn unlimited 1.25X miles on every purchase, every day
- Miles won't expire for the life of the account and there's no limit to how many you can earn
- Earn 5X miles on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options
- Use your miles to get reimbursed for any travel purchase—or redeem by booking a trip through Capital One Travel
- Transfer your miles to your choice of 15+ travel loyalty programs
Additional Info
- $0 annual fee and no foreign transaction fees
- Enjoy 0% intro APR on purchases and balance transfers for 15 months; 19.99% - 29.99% variable APR after that; balance transfer fee applies
- More Details & Reviews About Capital One VentureOne Rewards Credit Card
Is Capital One VentureOne Worth It?
The Capital One VentureOne Rewards Credit Card is worth it for people with good credit or better who travel occasionally and want a $0 annual fee. Some of Capital One VentureOne’s best features are an initial bonus of 20,000 miles for spending $500 in the first 3 months and 1.25 - 5 miles per $1 spent on purchases. The average cardholder could earn over $1,100 in rewards over the first two years of use, according to our calculations.
There’s also an introductory APR of 0% for 15 months on purchases and 0% for 15 months on balance transfers. After that, the 19.99% - 29.99% (V) regular APR applies.
What You Need to Do to Make Capital One VentureOne Worthwhile
To make Capital One VentureOne worth it, you will need to pay your credit card bill in full by each monthly due date. This will prevent you from accruing any interest at the card’s 19.99% - 29.99% (V) APR, which can quickly wipe out the value you get from rewards. The exception is during the card’s introductory APR period for purchases and balance transfers, when you can avoid interest as long as you pay at least the minimum due each month.
All in all, VentureOne is a solid option for those who don’t charge enough to warrant paying an annual fee yet desire the flexibility to use credit card rewards to subsidize any travel purchase they might make. Just make sure to redeem your rewards for travel, not cash back, if you want to get the best value. Bigger spenders may also want to consider the Capital One Venture Rewards Credit Card instead.
Capital One VentureOne Highlights
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Initial Bonus Worth $200
If you charge $500 to your VentureOne Card during the first 3 months that you have it, you will receive 20,000 miles that you can redeem for $200 in travel-related expenses that you incur using your card. In other words, you won’t use your miles to book your travel accommodations but rather to pay for applicable charges when your credit-card bill comes due. Your bonus miles will post to your account within two billing cycles of meeting the spending threshold.
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1.25 Miles Per $1 Spent On Most Purchases
Many rewards credit cards offer earning rates that differ depending on how your purchases are categorized or how much you spend, but Capital One plays no such games with VentureOne cardholders. It gives you a stable yield of 1.25 miles per $1 spent on most purchases, which effectively translates to 1.25% cash back. That’s above-average for the credit-card market as a whole. Plus, hotels and rental cars booked through Capital One Travel produce 5 miles per $1 spent.
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0% New-Purchase Financing
VentureOne gives you an intro APR of 0% for 15 months on new purchases. That can go a long way in saving you some money if you have a big-ticket expense coming up. Just make sure to use a credit-card calculator to plan your payments.
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Liberal Definition Of “Travel-Related Expenses”
Some might assume Capital One’s definition of “travel-related expenses” to be rather limited. If you’re among them, you’ll be pleasantly surprised to learn that the following types of purchases all qualify:
- Hotel reservations
- Airfare
- Train tickets
- Taxi/bus/limo fare
Info - Cruise reservations
- Travel-agent fees
- Timeshare payments
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0% Financing For Balance Transfers
VentureOne also offers an intro APR of 0% for 15 months on balance transfers too, which is above the average for a 0% balance transfer card. Considering the rate at which we’re adding debt to our tab, this figures to be a major plus for many interested applicants. Just make sure to keep in mind the balance transfer fee of 3% for the first 15 months, 4% at a promo APR that Capital One may offer you at any other time.
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No Annual Fee
Perhaps the biggest differentiator between the two Venture cards is how they treat membership fees. VentureOne doesn’t have any, whereas Venture charges an annual fee of $95. That means you’d have to spend at least $7,867 in a normal year for the extra three-quarters of a point per $1 spent that Venture provides to pay off, according to our calculations.
Capital One VentureOne Lowlights
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Potential For A Very High APR
VentureOne advertises a broad range of possibilities for its regular APR, perhaps indicating that a wide range of consumers can garner approval. Depending on your overall creditworthiness, balances that you carry from month to month beyond the initial 0% term will accrue interest at a rate that could be 19.99% to 29.99% (V). The low end of the range, likely reserved for people with pristine credit, is above the market average for “excellent-credit” credit cards, while the high end is above the average for fair credit, according to WalletHub Landscape Reports.
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Balance-Transfer Fee: 3% for the first 15 months, 4% at a promo APR that Capital One may offer you at any other time
Although a balance transfer is very appealing considering the 0% introductory interest rate, VentureOne’s transfer fee could complicate its long interest-free period. Using a balance-transfer calculator will help you determine whether such a transaction will be worthwhile.
Other Things To Consider About Capital One VentureOne
Less Value With Non-Travel Redemption
You don’t have to redeem your miles for travel-related expenses, but you would be wise to do so. Capital One miles go furthest when redeemed for travel or gift cards, while opting for cash back or merchandise would mean sacrificing up to half of your value, according to WalletHub research.
No Foreign-Transaction Fee
Like all of Capital One’s credit cards, VentureOne does not inflate the cost of the purchases you make while traveling abroad or shopping with an internationally based merchant by charging foreign-transaction fees. That’s certainly a good thing considering the card’s travel orientation, and it will enable you to save up to 7.14% on currency conversion.
Capital One VentureOne vs. The Competition
annual fee$0 | annual fee$95 | annual fee$0 |
Purchase Intro APR0% for 15 months | Purchase Intro APRN/A | Purchase Intro APRN/A |
transfer intro apr0% for 15 months Transfer Fee: 3% for the first 15 months, 4% at a promo APR that Capital One may offer you at any other time | transfer intro aprN/A | transfer intro apr0% for 18 months Transfer Fee: 3% intro fee ($5 min) for each transfer in first 4 months, after that 5% ($5 min) for each transfer |
Regular APR19.99% - 29.99% (V) | Regular APR19.99% - 29.99% (V) | Regular APR19.24% - 29.24% (V) |
rewards rate
| rewards rate
| rewards rate
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bonus offer Earn a bonus of 20,000 miles once you spend $500 on purchases within 3 months from account opening, equal to $200 in travel | bonus offer Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel | bonus offer Earn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back. |
SponsoredApply Now | SponsoredApply Now | SponsoredApply Now |
Capital One VentureOne Rewards Credit Card Review Methodology
This Capital One VentureOne Rewards Credit Card review is based on WalletHub’s proprietary 100-point credit card rating system. By using a consistent methodology to evaluate the Capital One VentureOne Rewards Credit Card and all other cards, WalletHub’s credit card experts make it easy for people to compare their options and find the best credit cards for their needs.
The WalletHub rating system uses 16 key metrics grouped into seven categories: Fees, Rewards, Two-year Cost, Interest Rates, Approval Requirements, Special Features, and Reviews. Each metric has a maximum number of points allocated to it, based on the metric’s importance as determined by our editors. The points are added up to create an overall rating for the Capital One VentureOne Rewards Credit Card out of a maximum of 100 points, which is then converted to a 5-point scale.
Ratings for each category reflect how close Capital One VentureOne is to WalletHub’s definition of a 5-star credit card, which is based on market conditions and what we believe are reasonable terms. We compare Capital One VentureOne to that standard to give a numerical approximation of how reasonable and competitive its terms are compared to other cards.
To learn more about how WalletHub rates credit card offers, check out our full credit card review methodology.
WalletHub experts are widely quoted. Contact our media team to schedule an interview.