Capital One VentureOne Rewards Credit Card Review
This article was last updated Aug 09, 2018. Terms and conditions may have changed. For the most accurate information, please consult the issuer website.
Who the card is best for
The Capital One® VentureOne® Rewards Credit Card is ideal for travelers who go to any destination, whether it’s domestic or abroad since the foreign transaction fee is none. With a $0 annual fee, this card is a good way to earn miles on all spending. It’s particularly beneficial for those who spend less than $8,000 a year. Spending more than $8,000 and you’d be better off with the Capital One® Venture® Rewards Credit Card.
Where this card stands out in its category
The Capital One® VentureOne® Rewards Credit Card provides several benefits that may come in handy when traveling. You can have an added layer of protection with lost luggage reimbursement, special offers, a dedicated concierge service available 24/7, among other perks (explained more later). This is a great way to make traveling less stressful and take advantage of exclusive offers.
Where this card falls short in its category
This card has a lower rewards rate than other travel reward cards at 1.25 Miles per dollar on every purchase, every day. You can find travel reward cards that not only carry no annual fee, but have a higher flat-rate rewards program such as the Discover it® Miles with 1.5 Miles per dollar on all purchases. Be aware that other cards have different benefits, so you need to consider all factors before choosing a card.
Additional card benefits
As a Visa Signature® card, the Capital One® VentureOne® Rewards Credit Card has great additional card benefits:
- Visa Signature® Concierge: Representatives are available 24/7 to assist you with a variety of concerns and requests such as finding tickets and making reservations, whether you’re at home or traveling.*
- Visa Signature Luxury Hotel Collection: The Visa Signature® Luxury Hotel Collection provides access to premium benefits at over 900 properties.*
- Fine Wine & Food: Access special dining and wine experiences, receive discounts or complimentary wine tastings at select establishments.*
- Lost luggage reimbursement: Don’t fret if your luggage is lost or stolen, you can receive up to $3,000 in coverage.*
- Travel accident insurance: Injured while traveling? You may be covered for select accidents when the trip has been paid using your card.*
- Travel and Emergency Assistance Services: If you need help coordinating medical, legal, and travel services, representatives are available to help.*
- Roadside Dispatch®: 24/7 towing and locksmith services are available in the U.S. and Canada if your car breaks down.*
* Certain restrictions, limitations, and exclusions apply
How to use it most effectively
To earn the most miles, use this card for all spending. Another way to increase your miles is to utilize the one-time bonus of 20,000 miles once you spend $1,000 on purchases within 3 months of account opening, equal to $200 in travel. This will give your miles an extra boost, as long as you meet the requirements. Since the foreign transaction fee is none, be sure to use this card wherever you travel abroad.
Rewards breakdown
The Capital One® VentureOne® Rewards Credit Card offers 1.25 Miles per dollar on every purchase, every day. You can redeem miles as a statement credit for travel purchases via Purchase Eraser®, for new travel purchases made with the Rewards Center, for a check, account credit, gift card and more. Travel purchases eligible for Purchase Eraser® include: airlines, hotels, rail lines, car rental agencies, limousine services, bus lines, cruise lines, taxi cabs, travel agents and timeshares. Note that these redemptions must be made within 90 days from the date your travel purchase posts to your account. In addition, there is a one-time bonus of 20,000 miles once you spend $1,000 on purchases within 3 months of account opening, equal to $200 in travel.
Compare it with the Capital One® Venture® Rewards Credit Card
There are two comparable cards from Capital One for people who want to earn miles: the Capital One® VentureOne® Rewards Credit Card and the Capital One® Venture® Rewards Credit Card. Both of these cards offer Visa Signature® benefits, as wells as rewards programs where you can earn miles. But a closer look shows two key differences in annual fee and rewards rate.
The Capital One® VentureOne® Rewards Credit Card has a $0 annual fee, great for those who don’t want to pay for the card. Meanwhile, the Capital One® Venture® Rewards Credit Card has an annual fee of $0 intro for first year; $95 after that.
Although the $0 annual fee Capital One® VentureOne® Rewards Credit Card is a good card, people who spend over $8,000 a year will see more benefit with the Capital One® Venture® Rewards Credit Card. That’s because once you hit $8,000 a year, you begin earning more net miles compared to the Capital One® VentureOne® Rewards Credit Card (this calculation considers the annual fee effective after year one).
Here’s a breakdown of the key features of each card:
| Capital One® VentureOne® Rewards Credit Card | Capital One® Venture® Rewards Credit Card | |
|---|---|---|
| Annual Fee | $0 | $0 intro for first year; $95 after that |
| Purchase Intro Rate | 14.49% - 24.49% (Variable) | N/A |
| Balance Transfer Intro Rate | N/A | N/A |
| Balance Transfer Fee | $0 | $0 |
| Regular Purchase APR | 14.49% - 24.49% (Variable) | 17.24% - 24.49% (Variable) |
| Rewards | 1.25 Miles per dollar on every purchase, every day | 2 Miles per dollar on every purchase, every day |
| New Cardmember Offer | One-time bonus of 20,000 miles once you spend $1,000 on purchases within 3 months of account opening, equal to $200 in travel | One-time bonus of 50,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $500 in travel |
| Foreign Transaction Fee | None | None |
Bottom Line
The Capital One® VentureOne® Rewards Credit Card is a good option for travelers who spend less than $8,000 a year and want a $0 annual fee card. You earn a decent rewards rate on top of great Visa Signature® benefits.
