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Capital One VentureOne Rewards Credit Card

Capital One VentureOne Rewards Credit Card

Capital One VentureOne Rewards Credit Card

Rewards Rate
1.25 Miles per dollar on every purchase, every day
Intro Purchase APR
0% intro on purchases for 12 months
Regular Purchase APR
15.49% - 25.49% (Variable)
Edited by
Julie Sherrier
Reviewed by
Tracy Brackman
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

Who is the Capital One VentureOne Rewards Credit Card best for?

The Capital One VentureOne Rewards Credit Card is ideal for those new to travel rewards cards and who want a simple approach to earning and redeeming rewards miles, much like the Capital One Venture Rewards Credit Card, but without having to pay an annual fee.

Along with offering a flat rewards rate on every purchase, the card comes with a $0 annual fee and a few travel benefits.

We look at the pros and cons of the Capital One VentureOne Rewards Credit Card, and show how it compares to another flat rate travel rewards card — the Discover it® Miles card.

Capital One VentureOne Rewards Credit Card overview

    • $0 annual fee and no foreign transaction fees
    • 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
    • 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+ travel loyalty programs
    • Enjoy 0% intro APR on purchases for 12 months; 15.49% - 25.49% variable APR after that
  • Credit needed:
    680 850
    Excellent/Good
  • 10+ travel transfer partners
  • Travel accident insurance
  • Redeem rewards with PayPal
  • Extended warranty
  • Foreign exchange fee: none
  • Easy credit statement redemption process for hotel and airline purchases
  • No blackout or expiration dates

Intro Purchase APR

0% intro on purchases for 12 months

Intro BT APR

N/A

Annual Fee

$0

Regular Purchase APR

15.49% - 25.49% (Variable)

Cash Advance Fee

3% of the amount of the cash advance, but not less than $10

Foreign Transaction Fee

None

Balance Transfer Fee

$0 at this Transfer APR

Pros and cons of the Capital One VentureOne Rewards Credit Card

Pros

  • Simple rewards structure
  • Intro APR offer
  • $0 annual fee
  • No limit on number of miles earned
  • Redeem rewards for airfare, hotel or travel purchase with no blackout dates

Cons

  • Small welcome bonus
  • Modest rewards earning rate
  • No balance transfer offer

What we like about the Capital One VentureOne Rewards Credit Card

  • Sign up bonus

    Capital One VentureOne Rewards Credit Card holders can earn a bonus of 20,000 miles once you spend $500 on purchases within 3 months from account opening, equal to $200 in travel.

  • Simple rewards structure

    The Capital One VentureOne Rewards Credit Card offers a flat rewards rate of 1.25 miles per dollar on every purchase, every day. Venture miles can be redeemed for cash in the form of a check or account credit and gift cards. You can also use miles to book new travel reservations through capitalone.com or the Capital One Rewards Center, or redeem miles for past travel using Purchase Eraser.

  • Intro APR offer on purchases

    If you need to finance a large purchase and pay it off over time, you can do so without incurring interest charges for a year. That’s because the Capital One VentureOne Rewards Credit Card offers an intro APR of 0% intro on purchases for 12 months. After that, a regular APR of 15.49% - 25.49% (variable) applies to any unpaid portion of the balance.

  • Limited fees

    The Capital One VentureOne Rewards Credit Card charges a $0 annual fee. As for foreign transaction fees – there are none. Additionally, if you pay your bill late, you will not be subject to a penalty APR. The card will also waive the late fee (of up to $39) on your first late payment.

What to watch out for with the Capital One VentureOne Rewards Credit Card

  • Mediocre rewards earning rate

    While the Capital One VentureOne Rewards Credit Card offers a reasonable 1.25 miles per dollar on every purchase, every day, there are other flat rate cards available — like the Discover it® Miles — that offer a higher amount of rewards per dollar.

  • No balance transfer intro APR

    If you have a large amount of high interest credit card debt that you want to transfer, the Capital One VentureOne Rewards Credit Card does not offer a 0% intro APR on balance transfers. That said, the card does come with a $0 at this Transfer APR balance transfer fee if you choose to use the card for a balance transfer.

Alternative travel card to the Capital One VentureOne Rewards Credit Card

Compare it to the Discover it® Miles

Disclosures |
Discover it® Miles
Discover it® Miles
on Discover's secure site
0% Intro APR for 14 months
11.99% - 22.99% Variable APR
$0
Automatically earn unlimited 1.5x Miles on every dollar of every purchase -
  • UNLIMITED BONUS: Only Discover will automatically match all the Miles you’ve earned at the end of your first year. For example, if you earn 35,000 Miles, you get 70,000 Miles.  There’s no signing up, no minimum spending or maximum rewards. Just a Miles-for-Miles match.
  • Automatically earn unlimited 1.5x Miles on every dollar of every purchase - with no annual fee.
  • Redeem Miles to pay any part of your monthly bill, including your minimum payment.
  • Turn Miles into cash in any amount, any time. Or redeem as a statement credit for travel purchases like airfare, hotels, rideshares, gas stations, restaurants and more with no blackout dates. However you redeem, Miles keep the same value. And Miles never expire.
  • No Blackout Dates. Simply pay for travel purchases like airlines, hotels, rental cars, and more with your Discover it® Miles card.
  • Discover is accepted nationwide by 99% of the places that take credit cards.
  • Freeze your account in seconds with an on/off switch either on the mobile app or website to prevent new purchases, cash advances, and balance transfers.
  • Get your free Credit Scorecard with your FICO® Credit Score, number of recent inquiries and more.
  • Get an alert if we find your Social Security number on any of thousands of Dark Web sites.* Activate for free.
  • Click "APPLY NOW" to see rewards, FICO® Credit Score terms, Discover Match® details & other information.
670 850

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

Like the Capital One VentureOne Rewards Credit Card, the Discover it® Miles card offers a simple approach to earning rewards — but at a slightly higher rate.

Discover it® Miles cardholders automatically earn unlimited 1.5x miles on every dollar of every purchase - with no annual fee. The card also offers a generous sign-up bonus: For new cardmembers, only Discover will automatically match all the Miles you’ve earned at the end of your first year. For example, if you earn 35,000 Miles, you get 70,000 Miles. There’s no signing up, no minimum spending or maximum rewards. Just a Miles-for-Miles match.

Miles can be redeemed for cash or travel, including hotels, airfare, car rentals, restaurants, gas stations and more. You can also use miles at Amazon.com checkout when you pay with PayPal.

Plus, the Discover it® Miles has a longer intro APR on purchases (0% Intro APR for 14 months, then 11.99% - 22.99% Variable APR). In addition to a longer intro APR on purchases, the Discover it® Miles card offers an intro APR on balance transfers of 10.99% Intro APR for 14 months. After that, a regular APR of 11.99% - 22.99% Variable APR applies to any unpaid portion of the transfer.

Just know, the card comes with a 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*.

The Discover it® Miles card does not offer some of the benefits often associated with travel credit cards, such as travel transfer partners, car rental insurance or emergency travel assistance. However, the card does waive the late fee (of up to $40) the first time you pay your bill late.

Compare the Capital One VentureOne Rewards Credit Card to other cards

Comparison of four different credit cards
Capital One VentureOne Rewards Credit Card Discover it<sup>®</sup> Miles Capital One Venture Rewards Credit Card Bank of America<sup>®</sup> Travel Rewards credit card
Capital One VentureOne Rewards Credit Card Discover it® Miles Capital One Venture Rewards Credit Card Bank of America® Travel Rewards credit card
Apply Now
on Capital One's secure site
Apply Now
on Discover's secure site
Apply Now
on Capital One's secure site
Apply Now
on Bank of America's secure site
Welcome 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 Only Discover will automatically match all the Miles you’ve earned at the end of your first year. For example, if you earn 35,000 Miles, you get 70,000 Miles. There’s no signing up, no minimum spending or maximum rewards. Just a Miles-for-Miles match. Enjoy a one-time bonus of 60,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $600 in travel 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening
Rewards Rate
1.25 Miles per dollar on every purchase, every day Automatically earn unlimited 1.5x Miles on every dollar of every purchase - with no annual fee. 2 Miles per dollar on every purchase, every day 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees and your points don't expire
Annual Fee
$0 $0 $95 $0
Intro Purchase APR
0% intro on purchases for 12 months 0% Intro APR for 14 months N/A 0% Intro APR for 12 billing cycles for purchases
Regular APR
15.49% - 25.49% (Variable) 11.99% - 22.99% Variable APR 17.24% - 24.49% (Variable) 13.99% - 23.99% Variable APR
Intro Balance Transfer Rate
N/A 10.99% Intro APR for 14 months N/A N/A
Regular Balance Transfer Rate
15.49% - 25.49% (Variable) 11.99% - 22.99% Variable APR 17.24% - 24.49% (Variable) 13.99% - 23.99% Variable APR
Balance Transfer Fee
$0 at this Transfer APR 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)* $0 at this Transfer APR Either $10 or 3% of the amount of each transaction, whichever is greater.
Recommended Credit
Excellent/Good Excellent/Good Excellent/Good Excellent/Good
Card Details
Capital One VentureOne Rewards Credit Card Discover it® Miles Capital One Venture Rewards Credit Card Bank of America® Travel Rewards credit card

Is the Capital One VentureOne Rewards Credit Card right for you?

If you’re looking for a no-annual-fee travel rewards card, the Capital One VentureOne Rewards Credit Card and Discover it® Miles card are both good choices.

But while the Capital One VentureOne Rewards Credit Card provides more travel-specific benefits and travel transfer partners, the Discover it® Miles card offers a slightly higher rewards rate and longer intro APR on purchases and balance transfers.

Or, if you’d prefer the same travel benefits offered by the Capital One VentureOne Rewards Credit Card, but with an even higher rewards rate and sign-up bonus, you may want to look at the Capital One Venture Rewards Credit Card.

In addition to the ability to earn 2 miles per dollar on every purchase, every day, Capital One Venture Rewards Credit Card members can enjoy a one-time bonus of 60,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $600 in travel. Just know, the card also comes with a $95 annual fee.

Apply Now
on Capital One's secure site