The Capital One VentureOne Rewards Credit Card is an updated version of the Capital One Venture Rewards Credit Card and an excellent choice for travelers. With no foreign transaction fee, high bonus miles earn rates for hotels and airline bookings, and a nice introductory offer, the Capital One VentureOne Rewards Credit Card gives frequent flyers a lot of bang for their buck.
There are many amazing travel credit cards on the market right now. But let’s take a closer look at the Capital One VentureOne Rewards Credit Card and figure out if this one’s right for you.
This card is best for:
- Frequent travelers
- People who want a straightforward travel card
- Anyone paying off a large purchase
Intro APR, Purchases
Intro APR, Balance Transfers
0% intro on purchases for 15 months
0% intro on balance transfers for 15 months
19.99% - 29.99% (Variable)
VentureOne Rewards Credit Card Overview
The Capital One VentureOne Rewards Credit Card has a lot going for it. Cardholders receive a nice welcome bonus of 20,000 bonus miles once you spend $500 on purchases within the first 3 months from account opening. That’s not as high as some cards, but it’s still a good welcome bonus. Additionally, the earn rates—particularly the travel earn rates on purchases such as hotels, auto rentals, and flights—will build up quickly when using this card.
The Capital One VentureOne Rewards Credit Card also offers various shopping and travel perks, and all with online payments, flexible schedules, a sleek mobile app, and even autopay to make the technical aspects run smoothly.
Absolutely no annual fee rounds out this card nicely. However, there are drawbacks as well. The Capital One VentureOne Rewards Credit Card is not the most competitive earner on the market, and the cash rewards potential isn’t particularly impressive. That being said, there is still a significant amount that members can gain from using this card.
Here’s a closer look at what’s involved:
VentureOne Rewards Card Key Features
- $0 annual fee
- Great welcome bonus
- High mileage earn rate
- No expiration on miles
- No foreign transaction fees
- 0% intro on purchases for 15 months & 0% intro on balance transfers for 15 months
Taking a Closer Look
To begin with, the Capital One VentureOne Rewards Credit Card offers a nice welcome bonus. Receive 20,000 bonus miles once you spend $500 on purchases within the first 3 months from account opening. For most people, those are easy enough terms to reach, and that is a $200 reward in travel credits. Again, there are cards that offer a higher welcome bonus. But, with no annual fee, the Capital One VentureOne Rewards Credit Card still stands up to the competition.
Next, there is the reward system. You’ll earn 1.25 miles for every dollar you spend using your Capital One VentureOne Rewards Credit Card. This is not the highest, but nowhere near the lowest either when it comes to earn rates.
Additionally, anyone who travels often will appreciate the flexibility with which you can use this card. The Capital One VentureOne Rewards Credit card has no blackout dates, and it can be used on any website or app, for any airline, hotel, or car rental company. Many other travel cards will only let you use your miles on specified days, times, or locations, so this is a really big perk to the Capital One VentureOne Rewards Credit Card.
Miles will also never expire as long as you have an active account with Capital One, so you don’t have to feel pressure to use your miles before you are ready.
VentureOne Rewards Card Rates & Fees
The Capital One VentureOne Rewards Credit Card also has some excellent rates, making it a truly competitive option for travel. As mentioned, you’ll pay no annual fee, so you don’t lose anything by keeping this card in your pocket. The no foreign transaction fee is a huge savings for anyone making purchases overseas, whether for business or pleasure, considering the fact that many credit cards take a 3 percent transaction fee on every item bought in foreign currency.
If you’re planning a big purchase or want to spend a lot on your next vacation, the Capital One VentureOne Rewards Credit Card offers an enticing 0% intro on purchases for 15 months & 0% intro on balance transfers for 15 months. After the first year, you’ll receive between 19.99% - 29.99% (Variable) depending on your credit. The low end is for excellent credit, but if you qualify, that’s one of the lowest APRs you’ll find around.
VentureOne Card Rewards & Benefits
Aside from the benefits we’ve already mentioned, the Capital One VentureOne Rewards Credit Card offers members several other perks as well including:
There are no blackout dates and no specified hotel or airline usage policy, and no foreign transaction fees and the Capital One VentureOne Rewards Credit Card also gives you other travel benefits.
You’ll also have possible perks like travel upgrades at hotels and spas with the Visa Signature®* concierge service which can make your trip more comfortable. Additionally, this card delivers more convenience and security while traveling with theft insurance and travel insurance.
*Not all applicants will be approved for the Visa Signature® program
The Capital One VentureOne Rewards Credit Card goes one step further, providing shopping perks to members as well. You’ll receive discounts on selected websites and retailers, and you can also get an extended warranty on some purchases.
VentureOne Rewards Card Security Features
Capital One has a lot of features to help keep your account information safe without compromising the convenience of technology. To begin with, you can use the Capital One mobile app. It’s designed beautifully, and the functionality is impressively smooth. You can do a lot on the app such as make payments, check your balance, review transaction history, and see your credit score. The app will even let you deposit checks and check on the status of your own checks right from the mobile platform. You can also set up alerts for security purposes, which we’ll talk about in the next section.
You can use your fingerprint in order to access the app for added security. Additionally, Capital One provides $0 fraud liability insurance to all cardholders. So, if your card is ever stolen or your information is used to make fraudulent charges, you will not be held responsible. Capital One will even go so far as to help you recover your identity and fight any disputes.
Finally, you can order an emergency replacement for your Capital One VentureOne Rewards Credit Card in case the original card is lost or stolen, and even get a cash advance to help you while you’re sorting out the issue.
VentureOne Rewards Card Alerts
The alerts that you can set up for your Capital One VentureOne Rewards Credit Card are an added layer of convenience as well as security. Set up notifications to let you know when a purchase has been made using your card, when someone tries to take out money with the card, or when your card has been used outside of your jurisdiction. You can also set up further alerts to remind you that payments are upcoming so you don’t miss out on that important calendar day.
Alerts are easy and convenient to use with the Capital One VentureOne Rewards Credit Card. You can opt to receive notifications via email or text, so you’re always in the know.
Capital One customer support is available via phone, email, or snail mail. We didn’t like the fact that there is no online chat option provided, but this is pretty standard among banks. There are several 800 numbers customers can use to be connected directly.
Capital One has a tremendous FAQ section on its website as well, with information on everything from applying for a card to the specific terms and conditions of each card’s benefits. The customer support staff is friendly, and the mobile app, in particular, is lauded for its convenience and usability.
Pros & Cons
- Valuable Rewards on All Purchases — Earn 1.25 miles per dollar spent, with no limits.
- Great Sign-up Bonus — 20,000 bonus miles once you spend $500 on purchases within the first 3 months from account opening.
- Strong Introductory Financing Offer — 0% intro on purchases for 15 months & 0% intro on balance transfers for 15 months
- Low Fees — This card has $0 annual fee.
- Less Competitive Rewards — This card’s rewards are not as valuable as the Venture Card.
- Less Flexible Rewards — Travel statement credits aren’t as flexible as cash back.
Head to Head: VentureOne Rewards vs. Venture Rewards
Can’t decide if the Capital One VentureOne Rewards Credit Card is the best travel credit card on offer? Here is how it stands up against the Capital One Venture Rewards Credit Card, another travel card with benefits:
|Capital One VentureOne Rewards Credit Card||Capital One Venture Rewards Credit Card|
|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||$0 at the Transfer APR, 3% of the amount of each transferred balance that posts to your account at a promotional APR that Capital One may offer to you|
|APR||0% intro on purchases for 15 months & 0% intro on balance transfers for 15 months. Then
19.99% - 29.99% (Variable)
|21.24% - 29.24% (Variable)|
|Welcome bonus||20,000 bonus miles once you spend $500 on purchases within the first 3 months from account opening||75,000 miles once you spend $4,000 on purchases within 3 months from account opening|
|Cashback rewards||Unlimited 1.25 miles for every dollar spent on all purchases||Unlimited 2 miles for every dollar spent on all purchases|
Is the Capital One VentureOne Rewards Credit Card Right For You?
Both cards offer you a lot of mileage for your money. The Capital One VentureOne Rewards Credit Card is a good choice if you hate the idea of paying an annual fee. It’s also a better option if you don’t spend a lot of money every year on travel.
Alternatively, the Capital One Venture Rewards Credit Card is a better travel credit card if you spend a significant amount of time on airplanes and will meet the required amount to cancel out the annual fee (approximately $8,000). If you do, the higher earn rate and initial introductory bonus rate make it more worthwhile.
The Capital One VentureOne Rewards Credit Card provides travelers with plenty of incentive for signing up. The 20,000-mile welcome bonus is a good beginning, and the 0% intro on purchases for 15 months & 0% intro on balance transfers for 15 months is a nice touch. Add in the no foreign transaction fee, extended warranty, free auto collision insurance, and complimentary travel insurance, and this card is adding up to a profitable deal.
Of course, if you are planning on spending significantly with your card, you may as well opt for the Capital One Venture Rewards Credit Card that will earn you higher rewards rates for your same dollars spent. If you want to get a low-spending, no annual fee travel credit card that will also let you make balance transfers without the astronomical fees, the Capital One VentureOne Rewards Credit Card is a top rate choice.