For people who love to travel or who travel often for business, the Capital One VentureOne Rewards Credit Card is designed to help cardholders achieve miles for flights faster.
A sister card to the Capital One Venture Rewards Credit Card, the Capital One VentureOne Rewards Credit Card doesn’t charge an annual fee and provides a smaller bonus, but within easier reach.
This card can be a good entry for travelers, earning 1.25 miles per dollar.
What’s Ahead:
Capital One VentureOne Rewards Credit Card key facts
Capital One VentureOne Rewards Credit Card
In A Nutshell
The Capital One VentureOne Rewards Credit Card has a litany of benefits including a 20,000 mile one-time bonus after spending $500 in the first 3 months, a 0% intro APR on purchases and balance transfers for 15 months (after which the standard rate of 17.99% – 27.99% Variable applies). A balance transfer fee of 3% applies to amounts transferred within the first 15 months.
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What We Like:
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A one-time bonus of 20,000 miles after spending $500 in the first three months
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1.25 miles earned on every $1 spent
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No annual fee and no foreign transaction fees
- $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; 17.99% - 27.99% variable APR after that; 3% fee on the amounts transferred within the first 15 months
- Introductory offer: The Capital One VentureOne Rewards Credit Card provides 20,000 bonus miles once you have spent $500 within the first three months.
- Unlimited rewards: Earn 1.25 unlimited miles on every purchase.
- APR: Rates for purchases vary at 17.99% - 27.99% (Variable) APR.
- Annual fee: No annual fee, ever.
- Best for those with good and excellent credit: This card is offered to those with 700 and higher credit scores.
- Travel benefits: You’ll pay no foreign transaction fees.
- Shopping made easy: Use points to make purchases on Amazon.com for faster rewards.
How many miles can I earn in rewards?
In order to receive the 20,000 miles signup bonus, you only have to spend $500 in the first three months. That’s one of the lowest bonus requirements available. And 20,000 miles is enough to earn you a free flight, such as this example of a flight between New York City and Orlando on partner JetBlue that is less than 20,000 miles roundtrip. This means, if you spend a grand (and $11.20 in fees) and earn a free flight.
Granted, that JetBlue flight would be cheaper than $1,000 but let’s say you spend $2,000 per month. You’ll earn 2,500 miles each month along with the signup bonus, giving you 50,000 miles for the first year you have your Capital One VentureOne Rewards Credit Card.
That’s enough to get you almost three free flights for spending you were already planning to do — not such a bad deal. The following year, the same spending will earn you only 30,000 miles, but it’s still free travel.
Earnings during year one Earnings in subsequent years
Annual fee $0 $0
Sign-up bonus 20,000 miles after spending $500 in the first 3 months N/A
1.25x rewards for spending $2,000 per month 30,000 miles 30,000 miles
Total rewards earnings 50,000 miles 30,000 miles
Other considerations
Although it may not be worth it to use the card for hotel rewards, there are some nice touches the Capital One Venture Rewards Credit Card offers in addition that you may want to consider. For example, cardholders receive roadside assistance for emergencies, such as tire changing, and are covered when renting a car.
Capital One also has its own travel agency, Capital One® Travel. If you use your Capital One Venture Rewards Credit Card to book hotels or rental cars, you will receive 5x the miles per dollar spent. If you’re traveling anyway, try their service and see if you can’t get some extra miles in your account.
Summary
The Capital One VentureOne Rewards Credit Card is a good starting card for rewards travel. This card provides rewards you can actually use without any expiration date on what you earn. You’ll be able to earn free flights and upgrades on spending in every category — you’ll get 1.25 miles on all your purchases. In your first year as a cardholder, you should easily reach 50,000 miles.
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