Capital One VentureOne Rewards credit card review: Full details
Overview of the Capital One VentureOne Rewards Credit Card
There is no annual fee Capital One VentureOne Rewards Credit Card (see exchange rates and fees) offers the same great redemption options as its sister cards, Capital One Venture Rewards Credit Card and Capital One Venture X Rewards Credit Card — but with lower reward rates and fewer perks. Miles earned on the card can be transferred to Capital One’s 15+ airline and hotel partners or redeemed directly as a statement credit for qualifying purchases. Card Rating*: ⭐⭐⭐
*Card review based on the opinions of the TPG editorial board and not influenced by the card issuer.
No matter what the card is from Capital One venture family you choose, all three options offer a simple, 15+ income structure airline and hotel transfer partners and easy-to-use bonus.
For those who prefer a simple option to earn and redeem rewards, you can also use your miles to “pay off” travel purchases charged to your card in the past 90 days.
It has no annual fee and TPG recommends one credit score from 670 or more.
If you’re unsure about paying the annual fee, consider it Capital One VentureOne Rewards Credit Card.
Pros and cons of Capital One VentureOne
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Capital One VentureOne welcome offer
The Capital One VentureOne Rewards comes with a sign-up bonus of 20,000 bonus miles when you spend $500 within the first three months of account opening. Based TPG valuation that Capital One Venture miles are fixed at 1.85 cents per mile, this sign-up bonus is worth $370.
That’s significantly less than the Venture card’s bonus, which is currently 75,000 miles after you spend $4,000 on purchases within the first three months of account opening, worth TPG’s $1,388.
However, the 20,000 mile bonus is still higher than many others annual fee free card provide (see exchange rates and fees). Additionally, the VentureOne card’s rewards spending requirement is much easier to meet than the Venture card’s, as it only requires $500 in spending.
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Capital One VentureOne Benefits
The Joint VentureOne The card comes with the standard World Elite Mastercard travel and shopping benefits package, including:
In addition to the perks of this World Elite Mastercard, the VentureOne is also one of the few cards with no annual fee. foreign transaction fees (see exchange rates and fees), making this a great option for use outside the US. Benefits apply only to World Elite Mastercard approved accounts and terms apply.
Earn miles on Capital One VentureOne
VentureOne’s earning program is similar to the $95 a year Venture card (see exchange rates and fees) but with a slightly lower return on daily spending.
You’ll earn a flat 1.25 miles per dollar on everyday purchases, which equates to a solid 2.33% return on usage TPG valuation. Although quite good it is not Best returns for daily spending. However, the benefit of unlimited earning rates is that you don’t have to keep up with multiple bonus categories — trading off simplicity for maximum value.
Additionally, if you book hotels and car rentals through Capital One travel portalyou’ll earn 5 miles per dollar on those bookings — a solid 9.25% return.
Redeem miles on Capital One VentureOne
You have a few options when redeeming adventure miles.
The simplest way is to use them to Pay for qualifying purchases as a statement credit. This allows you to log into your Venture Rewards online account and redeem miles at an apartment 1 cent per person per statement credit for qualifying travel purchases you’ve made with the card in the last 90 days.
This covers many travel expenses that traditional miles would not cover, from Uber trip ARRIVE Stay at Airbnb. There is no prize chart, cutoff date or minimum redemption amount.
Related: Use your Capital One Venture miles to stay at these 10 gorgeous Airbnb homes
Transfer miles on Capital One VentureOne
However, to get more value from your sign-up bonus, you can like TPG credit card editors Emily Thompson and try more advanced redemption options — maximize Capital One transfer partners.
Capital One does Airlines 15+ And hotel partner but you can Transfer your milesinclude AviancaMiles Life, British Airways Executive Club, Etihad guests And Miles&Smiles of Turkish Airlines.
This redemption option is a bit more advanced than simply redeeming points for fees at a fixed value, but it not as difficult as you think. We have plenty of guides that will guide you on how to best redeem miles using our transfer partners:
Which cards compete with Capital One VentureOne?
If this card sounds pretty appealing, know that there are actually several no-annual-fee cards that compete with the VentureOne, along with its older sibling:
For more options, see our full list of best no annual fee cards.
Read more: Power of Chase Trifecta: Sapphire Reserve, Ink Preferred and Freedom Unlimited
Is Capital One VentureOne worth it?
VentureOne (see exchange rates and fees) is a solid option with no annual fee for those who still want a healthy sign-up bonus, reasonable perks, and the ability to transfer points and miles directly to travel partners. However, you can get a higher earning rate on everyday purchases by getting a Venture card with an annual fee.
Bottom line
In addition to sign-up perks and rewards, Capital One VentureOne Rewards Credit Card also beats other no-annual-fee cards on perks like no foreign transaction fees (see exchange rates and fees). It’s a budget-friendly option for Capital One fans and frequent travelers alike.
Register here: Capital One VentureOne Rewards
For Capital One products listed on this page, some of the above benefits are offered by Visa® or Mastercard® and may vary by product. See the respective Benefits Guide for details on when terms and exclusions apply.
