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.

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.
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Advertising Disclosure
LendingTree is an advertising-supported comparison service. The site features products from our partners as well as institutions which are not advertising partners. While we make an effort to include the best deals available to the general public, we make no warranty that such information represents all available products. We are compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order).

Advertising Disclosure

LendingTree is an advertising-supported comparison service. The site features products from our partners as well as institutions which are not advertising partners. While we make an effort to include the best deals available to the general public, we make no warranty that such information represents all available products. We are compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order).
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American Express Disclosure
Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more.

American Express Disclosure

Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more.

Capital One VentureOne Rewards Credit Card Review

Capital One VentureOne Rewards Credit Card
Sign-Up Bonus
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 Rate
1.25 Miles per dollar on every purchase, every day; 5 Miles per dollar on hotels and rental cars booked through Capital One Travel
APRs
0% intro on purchases for 15 months, then 19.99% - 29.99% (Variable). 0% intro on balance transfers for 15 months, then 19.99% - 29.99% (Variable).
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It was not reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.
A balance transfer fee applies for promotional rates that Capital One may offer.

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.

See Capital One VentureOne Rewards Credit Card rates and fees.

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
    • 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
    • Enjoy 0% intro APR on purchases and balance transfers for 15 months; 19.99% - 29.99% variable APR after that; 3% fee on the amounts transferred within the first 15 months
    • For Capital One products listed on this page, some of the 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
    660 720 850
    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 15 months

Regular Purchase APR

19.99% - 29.99% (Variable)

Intro BT APR

0% intro on balance transfers for 15 months

Regular BT APR

19.99% - 29.99% (Variable)

Annual Fee

$0

Cash Advance Fee

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

Foreign Transaction Fee

None

Balance Transfer Fee

3% for the first 15 months or at a promotional APR that Capital One may offer you at any other time. No fee for amounts transferred at the Transfer APR

See Capital One VentureOne Rewards Credit Card rates and fees.

A balance transfer fee applies for promotional rates that Capital One may offer.

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

  • Modest rewards earning rate
  • Balance transfer fee

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; 5 Miles per dollar on hotels and rental cars booked through Capital One Travel. 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.

  • Intro APR on purchases and balance transfers

    If you need to finance a large purchase and pay it off over time, you can do so without incurring interest charges for more than a year. That’s because the Capital One VentureOne Rewards Credit Card offers an APR of 0% intro on purchases for 15 months. After that, a regular APR of 19.99% - 29.99% (variable) applies to any unpaid portion of the balance.

    The card also offers an APR of 0% intro on balance transfers for 15 months, then a regular APR of 19.99% - 29.99% (variable).

    See Capital One VentureOne Rewards Credit Card rates and fees.

    A balance transfer fee applies for promotional rates that Capital One may offer.
  • 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 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; 5 Miles per dollar on hotels and rental cars booked through Capital One Travel, there are other flat rate cards available — like the Discover it® Miles — that offer a higher amount of rewards per dollar.

  • Balance transfer fee

    If you transfer a balance to the Capital One VentureOne Rewards Credit Card, you will be subject to balance transfer fees of 3% for the first 15 months or at a promotional APR that Capital One may offer you at any other time. No fee for amounts transferred at the Transfer APR.

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
apply-now-icon Apply Now
on Discover's secure site
Rates & Fees
0% Intro APR for 15 months
17.24% - 28.24% Variable APR
$0
1.5 Miles per dollar on all purchases.
  • UNLIMITED BONUS: Only Discover gives you an unlimited match of 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
  • No annual fee
  • 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.
  • 0% intro APR for 15 months on purchases. Then 17.24% - 28.24% Standard Variable Purchase APR will apply.
  • Discover could help you reduce exposure of your personal information online by helping you remove it from select people-search sites that could sell your data. It’s free, activate with the mobile app.
  • 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 an alert if we find your Social Security number on any of thousands of Dark Web sites. Activate for free.
  • Terms and conditions apply
660 720 850
Excellent/Good

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appears 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 earn 1.5 Miles per dollar on all purchases. The card also offers a generous sign-up bonus: For new cardmembers, only Discover gives you an unlimited match of 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.

The Discover it® Miles has an intro APR on purchases of 0% Intro APR for 15 months, then 17.24% - 28.24% Variable APR. Additionally, the card offers an intro APR on balance transfers of 0% Intro APR for 15 months. After that, a regular APR of 17.24% - 28.24% 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 $41) the first time you pay your bill late.

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. 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.

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. This card offers 2 Miles per dollar on every purchase, every day; 5 Miles per dollar on hotels and rental cars booked through Capital One Travel. Plus, new cardmembers can 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. Just know, the card also comes with a $95 annual fee.

See Capital One Venture Rewards Credit Card rates and fees.

apply-now-iconApply Now
on Capital One's secure site
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.