Capital One VentureOne Rewards Review
If you want to earn travel rewards on a card without an annual fee, you’ll want to take a look at the Capital One VentureOne Rewards credit card. It offers 1.25 miles as a reward for every dollar spent, easy-to-use redemptions, and a welcome bonus of 20,000 points.
The Capital One VentureOne card has a welcome offer of 20,000 miles after spending $500 within three months of opening the account. These bonus miles do not expire as long as the account stays open, and there’s no limit on the number of miles you can earn. It also offers 0% APR for the first 12 months, which means that you may be able to use this card to fund your dream vacation and then pay the balance off gradually during the intro APR period.
Card Details to Know Up Front
- Bonus, Fee or FeatureHas or Not
- Has Annual Fee
- Has Balance Transfer Offer
- Has APR Offer
- Cash Back Rewards
- Travel Rewards
Capital One VentureOne Rewards at a Glance
The Capital One VentureOne Rewards card offers 1.25 miles per dollar on all purchases made using the card. These bonus miles can be redeemed as a statement credit to cover any travel cost, buy gift cards or shop online. You can also transfer these miles to 15+ partner loyalty programs. With this card, you also get 24/7 travel assistance, travel accident insurance, auto rental insurance and zero fraud liability.
- Capital One VentureOne Rewards
The best travel rewards card with no annual or foreign transaction fees
- Good-ExcellentCredit Needed
- $0Annual Fee
- 1.25 Miles per $1Rewards Rate
- 1.25xRewards Rate on Air Travel
- 1.25xRewards Rate on Entertainment
Pros & Cons Explained
Understanding the pros and cons of the Capital One VentureOne Rewards card will give you a clear picture of whether or not the card is right for you.
- No annual feeThe Capital One VentureOne Rewards card has an $0 annual fee, making it one of the best low-cost travel rewards cards.
- Early spend bonusWith this card, you get a bonus of 20,000 miles when you spend $500 within three months of account opening.
- High miles reward rateThis card has a miles reward rate of 1.25 miles on every dollar spent, and there’s no limit on how many miles you can earn.
- Intro Purchase APRThis card offers an intro APR of 0% for the first 12 months, making it easier to pay off any big purchases.
- High regular APRThe Capital One VentureOne Rewards card has a high variable APR of 15.49% - 25.49% once the intro APR period of 12 months is over. If you don’t pay off your balance in full after that period, you’ll accrue a lot of interest.
- Requires a good credit scoreThe Capital One VentureOne Rewards credit score requirement of a good credit score is needed for the approval of the card.
The Capital One VentureOne Rewards card is featured in The Best Travel Credit Cards of 2022 by MoneyGeek. You can check out the page to learn about other recommended travel rewards cards and compare their features.
Bonuses & Rewards Explained
The Capital One VentureOne card has a comprehensive rewards program for travelers. Understanding the bonuses and rewards offered by the card will help you decide if it’s worth getting.
1.25 miles on every purchase
With this card, you get 1.25 miles for each dollar spent on the card. This is for any purchase and you can earn an unlimited number of miles. These bonus miles do not expire for the life of the account.
Early spend bonus
You can get a bonus of 20,000 miles when you spend $500 on this card within three months. Using this card for daily purchases can help you reach this spending limit sooner.
Flexible redemption options
This card offers you several redemption options like redeeming the miles as a statement credit to cover any travel purchase, shopping online at Amazon, buying gift cards and transferring your miles to 15+ partner airlines and hotels.
Other Features Explained
The Capital One VentureOne Rewards card does offer other helpful features.
- Card FeatureDescription
- No foreign transaction feeWith this card, you don’t have to pay a fee on international transactions. Other cards usually charge 3% of the total amount on foreign transactions.
- Security alertsYou’ll be notified 24/7 by text, phone or email if there are any suspicious transactions performed using this card.
- Zero fraud liabilityIf your card is used for any fraudulent transactions with unauthorized access, you’ll have zero liability.
"Capital One rewards are so easy to redeem. The flexibility of these rewards make them ideal for independent or boutique hotel bookings, AirBnb stays, amusement park tickets, excursions, and other qualified redemptions." - Alene Laney, Credit Card Journalist
Understanding the Fine Print
The various fees and charges associated with the Capital One VentureOne Rewards card may be an important factor when making the final decision about this card.
- Card FeatureAmount or Rate
- Annual Fee$0
- Cash Back Rewards
- Rewards Rate1.25 Miles per $1
- Airline Benefits
The Capital One VentureOne Rewards card charges a variable APR of 15.49% - 25.49%, which is high compared to the average APR. This means that once the intro APR period is over, you should try not to carry a balance every month since you will accumulate a lot of interest.
Cash Advance Fee
When taking out a cash advance, you pay $10 or 3% of the total amount, whichever is greater. For example, on a cash advance of $100, you’ll pay $10 as a cash advance fee.
Late Payment Fee
You can be charged up to $40 in fees with this card if you make a payment after the due date has passed.
Miles Reward Rate
With this card, you get 1.25 miles on spending one dollar on every purchase. These rewards can be maximized by using this card for regular daily purchases.
There is no annual fee for this card.
The best way to find out this information is your credit card issuer’s website, billing statement or the Credit Card Agreement Database maintained by the Consumer Financial Protection Bureau.
Who Should & Shouldn’t Consider Capital One VentureOne Rewards?
Other Considerations for Capital One VentureOne Rewards
When deciding what card to get, you should also consider if the card will be your only card or if it will be an additional card to the options already in your wallet. Here are some things to consider depending on how you intend to use the card.
Things to Consider if This Will Be Your First or Only Credit Card
By using this card to make daily purchases, you would reach the spending threshold for the early spend bonus sooner. You would also be able to make big purchases with this card during the intro APR period.
However, once the intro APR period is over, make sure to pay your balance in full every month as this card charges a higher than average regular APR.
Things to Consider if This Will Be an Additional Card in Your Wallet
The Capital One VentureOne Rewards card would be a low-cost addition to your collection of credit cards as it does not have an annual fee. You can keep this card for use while traveling internationally because it offers many travel benefits and does not charge a foreign transaction fee.
At MoneyGeek, we follow a six-step process to review credit cards. Our methodology involves collecting credit card information, standardizing data points, potential cardholder profiles, considering annual and introductory bonuses, establishing the card values and reviewing data monthly to reprocess rankings.
How Capital One VentureOne Rewards Compares to Other Cards
While the Capital One VentureOne Rewards card offers a lower reward rate than other cards in the same category, some features set it apart from other cards.
In-Depth Credit Card Comparisons:
Quick Comparison of Capital One VentureOne Rewards
Capital One VentureOne Rewards
- Purchase APR: 15.49% - 25.49%
- Annual fee: $0
- International transactions fee: $0
- Miles reward rate: 1.25 miles per dollar spent
- Best For: Travelers looking for a card with no annual fee.
Capital One Venture
- Purchase APR: 17.24% - 24.49%
- Annual fee: $95
- International transactions fee: $0
- Miles reward rate: Two miles per dollar spent
- Best For: Moderate travelers looking for a card with no foreign transaction fee.
Other Helpful Decision-Making Q&As
The following frequently asked questions about the Capital One VentureOne Rewards card are helpful in understanding important details that can help you decide if the card is right for you.
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If you’re still not sure about some of the features of this card and want to evaluate more options, you can look at The Best Travel Cards of 2022 by MoneyGeek. You can compare the features of these cards to see if any of them are a better fit for your needs.
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