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The Capital One VentureOne Rewards Credit Card is an ideal starter travel card for beginners to the world of points and miles. It has a $0 annual fee, a competitive intro APR and a straightforward rewards structure. Plus, with access to over 15 airline and hotel transfer partners, you'll have greater flexibility with your rewards and can ensure you're always getting maximum value.
Below, CNBC Select breaks down Capital One VentureOne Rewards Credit Card's rewards, benefits and fees to help you decide if it's the right card for you.
The Capital One VentureOne Rewards Credit Card earns transferrable miles, which is a stand-out benefit for a no-annual-fee card.
- You can transfer miles to over 15 Capital One partners, including Emirates Skywards, Choice Privileges and Singapore Airlines KrisFlyer
- No annual fee
- Limited bonus spending category that only applies to certain Capital One Travel bookings
- No travel credits and limited travel protections
Highlights
Highlights shown here are provided by the issuer and have not been reviewed by CNBC Select's editorial staff.
- Earn a bonus of 20,000 miles once you spend $500 on purchases within 3 months from account opening, equal to $200 in travel
- $0 annual fee and no foreign transaction fees
- 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, vacation rentals and rental cars booked through Capital One Travel
- 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; 18.49% - 28.49% variable APR after that; balance transfer fee applies
- Top rated mobile app
Balance transfer fee
3% for the first 15 months; 4% at a promotional APR that Capital One may offer you at any other time
Foreign transaction fee
None
Capital One VentureOne Rewards Card review
Welcome bonus
The Capital One VentureOne Rewards Card has an easily attainable welcome bonus given its relatively low spending requirement. When approved for this card, you can earn 20,000 miles once you spend $500 on purchases within 3 months from account opening.
Benefits and perks
The Capital One VentureOne Rewards Card's benefits and perks are fairly basic, but that's expected for a no-annual-fee card. Here are some notable perks:
- Concierge*: Enjoy 24/7 assistance booking travel, restaurant reservations, finding that perfect gift and more
- Travel Assistance Services*: Available 24/7 to help connect you with local emergency and assistance resources when you're away from home
- Extended Warranty*: Doubles the original manufacturer's warranty, up to a maximum of twenty-four (24) months, for eligible items purchased with your card
- Auto Rental Insurance*: Use your card to rent an eligible vehicle and you may be covered for physical damage to the vehicle
- No foreign transaction fees
Capital One also provides a credit score and report dashboard, CreditWise®. It's free to use, and anyone can join — you don't need a Capital One account. With CreditWise, users can learn more about the key factors that impact their credit scores, get email alerts whenever their credit score changes and monitor their credit information.
Compare credit repair options
How to earn and redeem miles
Earning Capital One miles
The Capital One VentureOne Rewards Card earns miles on every purchase without many bonus categories to keep track of.
You'll earn miles at the following rates:
- 1.25 miles per dollar on every purchase
- 5 miles per dollar on hotels, vacation rentals and rental cars booked through Capital One Travel
While 1.25X isn't the highest return on everyday purchases, it's still above the usual 1X return. However, the VentureOne's 5X return on eligible hotel, vacation rentals and rental car bookings is strong.
Redeeming Capital One miles
The miles you earn with your Capital One VentureOne Rewards card can be used in a few different ways, such as:
- Booking travel through Capital One Travel
- Covering recent travel purchases
- Shopping at Amazon or through PayPal
- Getting gift cards
- Redeeming for cash back
- Reserving exclusive tickets, event access and perks through Capital One Entertainment
Miles are worth a flat one cent apiece when redeemed as a statement credit for past travel purchases or to book new travel reservations through Capital One Travel. Statement credit redemptions apply to all sorts of travel purchases, from flights and hotels to cruises and public transit, but must be made within 90 days from the date your travel purchase posts to your account. You may want to avoid the non-travel redemptions, such as redeeming for gift cards or Amazon purchases, since they typically yield lower values.
To potentially get outsized value of your miles, consider booking travel through Capital One's transfer partners. Capital One offers 15 airline transfer partners with a 1:1 conversion ratio (unless noted):
- Aeromexico Club Premier
- Air Canada Aeroplan
- Air France-KLM Flying Blue
- Avianca LifeMiles
- British Airways Executive Club
- Cathay Pacific Asia Miles
- Emirates Skywards
- Etihad Guest
- EVA Air Infinity MileageLands (2:1.5 ratio)
- Finnair Plus
- Qantas Frequent Flyer
- Singapore Airlines KrisFlyer
- TAP Air Portugal Miles&Go
- Turkish Airlines Miles&Smiles
- Virgin Red
Capital One also has three hotel transfer partners with a 1:1 conversion ratio (unless noted):
- ALL Accor Live Limitless (2:1 ratio)
- Choice Privileges®
- Wyndham Rewards
Transfering your Capital One miles to airlines or hotel partners can help you get more value from your rewards. For instance, you can transfer your Capital One miles to Turkish Airlines and book any domestic United flight for just 10,000 miles one way, whereas 10,000 miles would only get you a flight worth $100 through the Capital One Travel portal. If you're looking to travel internationally, you can book flights to Europe through Avianca LifeMiles from just 35,000 miles one-way in economy or 70,000 miles in business class.
You can transfer your miles by signing into your Capital One account, selecting "View Rewards" and linking your loyalty accounts. It's important to note that transfers are irreversible, so we recommend only transferring miles once you have a specific redemption in mind.
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Rates and fees
The Capital One VentureOne Rewards Card has a $0 annual fee and no foreign transaction fees, helping keep costs down when traveling abroad. The card comes with a 0% intro APR on purchases and balance transfers for 15 months, then 18.49% - 28.49% variable, based on creditworthiness. There is a transfer fee of 3% of the amount of each transferred balance for the first 15 months, then 4% at a promotional APR that Capital One may offer you at any other time. The cash advance fee is $5 or 5% of the amount of each cash advance, whichever is greater, and the card has a late fee of up to $40.
Card comparison
Capital One VentureOne Rewards vs. Discover it® Miles
Information about Discover cards has been collected independently by CNBC Select and has not been reviewed or provided by the issuer prior to publication.
The Discover it® Miles card is another starter travel card with no annual fee and a potentially valuable welcome bonus. The card earns a flat 1.5X miles on all purchases, which is slightly better than the VentureOne's 1.25X return, but has no bonus spending categories.
The biggest difference is that there's no way to get outsized value from your Discover miles. Unlike Capital One, Discover doesn't have transfer partners, so you're limited to fixed-rate redemptions like a travel credit or cash back. The VentureOne also offers additional perks like the rental car coverage and extended warranty protection.
If you're looking for a simple rewards program, the Discover it Miles could be a good fit, but if you're willing to explore transfer partner options and can maximize the card's 5X bonus categories, you may get more value with the Capital One VentureOne Rewards Card.
Learn more: Discover it® Miles
Capital One VentureOne Rewards vs. Citi Double Cash® Card
The Citi Double Cash® Card is one of the best no-annual-fee cash-back cards thanks to its straightforward rewards structure.
- Balance transfers get a long intro APR
- Generous flat-rate cash-back rewards structure
- No annual fee
- Travelers face a foreign transaction fee
- Intro APR only applies to balance tranfer
Highlights
Highlights shown here are provided by the issuer and have not been reviewed by CNBC Select's editorial staff.
- Earn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.
- Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. To earn cash back, pay at least the minimum due on time. Plus, earn 5% total cash back on hotel, car rentals and attractions booked with Citi Travel.
- Balance Transfer Only Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 17.49% - 27.49%, based on your creditworthiness.
- Balance Transfers do not earn cash back. Intro APR does not apply to purchases.
- If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance (including balance transfers) by the due date each month.
- There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5).
Balance transfer fee
There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. A balance transfer fee of 5% of each transfer ($5 minimum) applies if completed after 4 months of account opening.
Foreign transaction fee
3%
The Citi Double Cash® Card is ideal if you like simplicity since it earns a flat 2% back on all purchases (1% when you buy and 1% when you pay). If you don't spend heavily on hotels or car rentals, the Citi Double Cash has the potential to be more rewarding than the VentureOne.
The rewards earned with the Citi Double Cash are earned in the form of ThankYou® Points and geared toward those seeking cash back. While the points you earn with the Citi Double Cash are transferable, they only transfer to a limited number of travel partners and at sub-par transfer ratios, unless you pair it with a card like the Citi Strata Premier® Card (see rates and fees). So, if your main goal is travel rewards, the VentureOne is likely to be more your speed.
It's also worth mentioning that the Citi Double Cash charges a 3% foreign transaction fee, which can get costly if you frequently travel abroad.
Learn more: Citi Double Cash® Card
Find the best credit card for you by reviewing offers in our credit card marketplace or get personalized offers via CardMatch™.
Alternative cards in the Venture family
If the Capital One VentureOne Rewards Card sounds appealing but you're interested in more premium travel perks, considering the Capital One Venture Rewards Credit Card or the Capital One Venture X Rewards Credit Card.
The Capital One Venture Rewards Credit Card has a $95 annual fee but comes with additional benefits to help justify it. For example, you'll earn 2X miles on everyday purchases and get perks like a Global Entry or TSA PreCheck® credit.
The Capital One Venture Rewards Credit Card has a reasonable annual fee and earns flexible travel rewards, which makes it a great travel card for beginners or heavy travelers.
- Valuable welcome offer worth at least $750 in travel
- You can transfer miles to over 15 Capital One partners, including Emirates Skywards, Choice Privileges and Singapore Airlines KrisFlyer
- No foreign transaction fees
- Lacks ongoing travel benefits such as statement credits or lounge access
- Limited bonus spending category that only applies to certain Capital One Travel bookings
Highlights
Highlights shown here are provided by the issuer and have not been reviewed by CNBC Select's editorial staff.
- Earn a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel
- Earn unlimited 2X miles on every purchase, every day
- Earn 5X miles on hotels, vacation rentals and rental cars booked through Capital One Travel
- Miles won't expire for the life of the account and there's no limit to how many you can earn
- Receive up to a $120 credit for Global Entry or TSA PreCheck®
- Use your miles to get reimbursed for any travel purchase—or redeem by booking a trip through Capital One Travel
- Enjoy a $50 experience credit and other premium benefits with every hotel and vacation rental booked from the Lifestyle Collection
- Transfer your miles to your choice of 15+ travel loyalty programs
- Top rated mobile app
Balance transfer fee
$0 at the Transfer APR, 4% of the amount of each transferred balance that posts to your account at a promotional APR that Capital One may offer to you
Foreign transaction fee
None
The Capital One Venture X Rewards Credit Card is the most premium option in the Venture family with a $395 annual fee. It offers luxury perks like airport lounge access, an up to $300 annual Capital One Travel credit and 10,000 bonus miles after every card anniversary.
The Capital One Venture X Rewards Credit Card is a premium credit card with a myriad of benefits and a lower annual fee than other high-end cards with similar features.
- Annual $300 credit for bookings through Capital One Travel
- 10,000 bonus miles after every card anniversary
- Unlimited complimentary access to 1,300+ airport lounges, including Capital One Lounge and Landing locations
- Long list of valuable travel and shopping protections, including return protection, rental car coverage and trip delay reimbursement (Benefit(s) only available to accounts approved for the Visa Infinite card. Terms apply.)
- Limited bonus spending categories compared to other premium credit cards
- High annual fee
- High credit score requirement (excellent credit)
Highlights
- Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel
- Receive a $300 annual credit for bookings through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options
- Get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary
- Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights and vacation rentals booked through Capital One Travel
- Earn unlimited 2X miles on all other purchases
- Enjoy access to 1,300+ lounges worldwide, including Capital One Lounge and Landing locations and participating Priority Pass™ lounges, after enrollment
- Use your Venture X miles to easily cover travel expenses, including flights, hotels, rental cars and more—you can even transfer your miles to your choice of 15+ travel loyalty programs
- Enjoy a $100 experience credit and other premium benefits with every hotel and vacation rental booked from the Premier Collection
- Receive up to a $120 credit for Global Entry or TSA PreCheck®
- Top rated mobile app
Balance transfer fee
$0 at the Transfer APR, 4% of the amount of each transferred balance that posts to your account at a promotional APR that Capital One may offer to you
Foreign transaction fees
$0
Capital One bank accounts to pair with the VentureOne
If you want to have your credit card and bank accounts within the same ecosystem, Capital One has you covered with checking and high-yield savings account options and hundreds of physical branches nationwide.
The Capital One 360 Checking account offers you easy access to your cash with over 40,000 fee-free Capital One® and Allpoint® ATMs. The account has minimal fees and doesn't require an initial deposit to open, but will require one within 60 days or your account will be closed.
Capital One 360 Checking®
Monthly maintenance fee
$0
Minimum deposit to open
$0
Minimum balance
None
Annual Percentage Yield (APY)
0.10%
Free ATM network
70,000+ Capital One®, MoneyPass and Allpoint® ATMs
ATM fee reimbursement
None
Overdraft fee
$0
Mobile check deposit
Yes
Terms apply.
When it comes to your savings, the Capital One 360 Performance Savings™ offers a strong APY, has no monthly fees and requires no minimum to open an account.
Capital One 360 Performance Savings™
Annual Percentage Yield (APY)
3.50% APY
Minimum balance
None
Monthly fee
None
Maximum transactions
Up to 6 free withdrawals or transfers per statement cycle
Excessive transactions fee
None
Overdraft fee
None
Offer checking account?
Yes
Offer ATM card?
Yes, if have a Capital One checking account
Terms apply.
Is the Capital One VentureOne right for you?
The Capital One VentureOne Rewards Credit Card is a good option for those newer to travel rewards credit cards thanks to its travel transfer partners, accessible welcome bonus and lack of an annual fee. However, if you want access to more bonus spending categories or premium travel perks, there may be more valuable options out there.
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For Capital One products listed on this page, some of the benefits may be provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.
*Benefit available to accounts approved for the World Elite Mastercard product, subject to terms, conditions, and exclusions in the World Elite Mastercard Guide to Benefits. See Account Terms or Application Terms for more details
For rates and fees of the Discover it® Miles , click here.
