Credit Cards Credit Card Reviews

Capital One VentureOne Rewards Credit Card Review

overall rating
4.5

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The Capital One VentureOne Rewards card is a basic travel card with easy-to-earn rewards, flexible redemption options, and no annual fee. It offers unlimited 1.25 miles per dollar on every purchase. This card also has a decent one-time offer of 20,000 miles.

Capital One® VentureOne® Rewards Credit Card

Overall Rating
4.5
Capital One® VentureOne® Rewards Credit Card
On Capital One's Secured Site.
Current Offer

Earn 20,000 miles once you spend $1,000 on purchases within the first 3 months from account opening.

Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Good - Excellent
Regular APR (%) 15.49% - 25.49% variable
Annual Fee $0
Rewards Earning Rate Earn 1.25 miles per dollar on every purchase.
INTRO PURCHASE APR 0% for 12 Months
Balance Transfer Fee 3% of the amount of each transferred balance that posts to your account at a promotional APR that we may offer you. None for balances transferred at the Transfer APR.
Foreign transaction fee (%) 0%
how this card stacks up
When compared among all rewards cards in our database:
Rewards
Benefits
Low Fees
Security/Customer Experience
Low Interest
worst best

Full Review of Capital One VentureOne Credit Card

Pros
  • Unlimited rewards on every purchase

  • Decent one-time offer

  • Flexible redemption options

  • No annual fee

  • No commitment to specific brands or types of travel

Cons
  • Mediocre rewards rate on everyday purchases

Pros Explained

  • Unlimited Rewards on Every Purchase: This card offers unlimited 1.25 miles per dollar on every purchase.
  • Decent One-Time Offer: New cardholders earn 20,000 bonus miles—worth $100 when redeemed for travel or cash back—after spending $1,000 within the first three months of opening an account. 
  • Flexible Redemption Options: Cardholders can book travel however they want, whenever they want, with Capital One's Purchase Eraser tool. Simply book travel at your preferred outlet and then redeem miles for a statement credit against the purchase within 90 days. Cardholders may also redeem miles through Capital One’s travel portal or transfer miles to eligible travel partners.
  • No Annual Fee: This card charges no annual fee. Its sibling, the Capital One Venture card, charges $95 per year.
  • No Commitment to Specific Brands or Types of Travel: Cardholders are not committed to any specific brand or type of travel with this card. The miles you earn can be used for various kinds of travel, including hotels, flights, and car rentals.

Cons Explained

  • Mediocre Rewards Rate on Every Purchase: This card's reward rate of 1.25 miles per dollar spent on every purchase is lower than competing no annual fee travel rewards cards on the market. Similar cards offer 1.5 points per dollar.

This Card is Best For

  • Avatar for Minimalist Persona
    Prefers uncomplicated rewards with single rate for all spending
    Minimalist
  • Avatar for Annual Fee Averse Persona
    Resists or refuses an annual fee on principle or due to cost
    Annual Fee Averse
  • Avatar for Rewards Strategist Persona
    Seeks to maximize points or miles earnings across spending categories
    Rewards Strategist
  • Avatar for International Traveler Persona
    Travels outside of U.S. on occasion or frequently
    International Traveler

The VentureOne card is a decent choice for occasional travelers interested in a no annual fee travel card with a simple earnings structure. Rewards are earned on every purchase—there are no rotating bonus categories or spending caps to worry about. Miles can be redeemed for travel, cash back, gift cards, or an account credit.

It’s also a good fit for those who travel internationally. This card doesn't charge foreign transaction fees and, since it's a Visa, is widely accepted.

Capital One VentureOne Rewards One-Time Offer

Cardholders who spend $1,000 within the first three months of opening an account will earn 20,000 rewards miles. After you qualify for the reward, Capital One will credit the bonus to your rewards balance within two billing cycles.

This bonus equals $100 when redeemed for travel or cash back, which is a decent bonus for spending a small amount. It represents a 10% return on the card's initial spending, not including the $12.50 you'd earn from the required $1,000 spending within three months or the continued rewards over the course of a year.

Naturally, the value of miles varies with how and where they are redeemed. Miles with this card are worth 1 cent per dollar when redeemed for travel as well as 1 cent per dollar when redeemed for cash back, according to Investopedia's points valuation study.

While the bonus with this card is decent, it's not the best available. The Discover it Miles card, for example, matches all of the miles you've earned at the end of your first year.

Rewards Earning Details

Earn unlimited 1.25 miles per dollar on every purchase. Miles received as rewards from Capital One never expire as long as you keep your account open.

Rewards Redemption Details

Capital One offers incredibly flexible redemption options. You can redeem miles for travel, cash back, gift cards, or an account credit. However, you'll get the most value redeeming miles for travel or cash back, which are both worth 1 cent per mile. Gift cards are worth just 0.8 cents per mile.

You can redeem miles for travel via the issuer's travel portal, or you can use Capital One’s Purchase Eraser tool to book travel however you want and redeem miles later. Miles can also be transferred to travel partners.

Transferring Points

Cardholders can transfer miles to one of Capital One’s travel partners in most cases at a ratio of 1 Capital One mile to 0.75 partner miles (or 0.75 partner points in the case of hotel partners), though it can be as low as 1 Capital One mile to 0.50 partner miles or points. That's notably lower than the 1 cent per mile you would get by booking travel through Capital One's travel portal or by using its Purchase Eraser tool, though still much better than redeeming miles for cash back (which only provides half a cent of value. The value of miles that are transferred to partners are considered to be the best redemption option, and generally range from .975 cents in the case of JetBlue transfers (since we value JetBlue miles at 1.3 cents each and transfer at a rate of 1 Capital One mile to 0.75 JetBlue miles) to an estimated value of 1.62 cents (when redeemed for certain international flights).

Current travel partners are Aeromexico, Air France KLM, Air Canada, Alitalia, Asia Miles, Avianca LifeMiles, Emirates Skywards, Etihad Airways, EVA Air, Finnair, JetBlue, Qantas, Singapore Airlines, Wyndham and Accor. 

How to Maximize Your Rewards

It’s beneficial to use this card for daily and other travel expenses to earn 1.25 miles on every dollar spent. Plus, you can eliminate paying foreign transaction fees when you use this card when traveling internationally. 

Average Case

Families or individuals who use this card for vacations can leverage this big spending category for their advantage. For example, let's estimate that a big summer vacation costs $3,000, including airfare, hotels, and food.

By using this card to pay for the trip, you would earn 3,750 miles valued at $37.50 when redeemed for travel or $18.75 when redeemed for cash back. That doesn’t include the 20,000 bonus miles you would earn for spending $1,000 within the first three months of opening your account, which is worth another $100 when redeemed for cash.

Then, let's assume that our family or individual spends an average of $2,000 a month in everyday purchases on the card. That would add the lion's share of the earnings or 30,000 miles. All totaled, those 33,750 miles would be worth $337.50 when redeemed for travel or $168.75.

Aspirational Case

More frequent travelers and everyday spenders can enjoy even bigger returns with this card. For example, people who travel often and spend $2,000 per month on travel expenses along $3,000 of everyday spending could earn 6,250 Capital One miles each month. After a year those 75,000 accumulated miles would be valued at $750 if redeemed for travel booked through Capital One or $375 if redeemed for cash back. And, this scenario doesn’t consider the bonus offer of 20,000 miles.

Capital One VentureOne Credit Card’s Outstanding Benefits

  • No foreign transaction fee
  • 24/7 travel assistance 
  • Travel accident insurance
  • Eno, which monitors your purchases for potential mistakes, unexpected charges, and recurring bill increases

Standard Benefits

  • Extended warranties
  • Wikibuy and Paribus tools to help you save when shopping online
  • Fraud protection and $0 fraud liability
  • Access to sporting, music, and culinary events
  • Free dark web and Social Security number monitoring with CreditWise

Cardholder Experience

Capital One placed fifth on J.D. Power's 2018 customer satisfaction survey with a rating of 803, right behind Chase.

Three different tools help to boost the customer experience for cardholders:

  • CreditWise: Offers free access to your credit score in addition to dark web and Social Security number monitoring.  
  • Wikibuy: Automatically finds the best price before you buy when shopping online.
  • Paribus: Automatically finds savings on previous online purchases and gets money back.

The company's mobile app allows customers to pay bills, track spending with instant purchase notifications, lock their card, redeem rewards, and more. Customers can also log into the secure website at any time.

The customer service department can be contacted at 800-227-4825.

Security Features

CreditWise and Eno are two of Capital One's main security perks.

CreditWise sends automatic alerts if your email address or Social Security number is found on the dark web. It also offers information about your credit, such as your credit score and changes to your credit report.

Eno monitors your account for things like duplicate charges or recurring bill increases and sends alerts when changes occur. In addition, it automatically creates virtual numbers for online purchases.

Cardholders also have $0 fraud liability and the ability to lock their card at any time via the mobile app or website, or by phone.  

Our Verdict

This card offers a very user-friendly rewards structure and extremely flexible redemption options, but it's flat-rate rewards don't quite stand up to competing cards. At 1.25 miles per dollar spent, it's on the lower end of the earnings spectrum.

The Bank of America Travel Rewards card, for example, earns 1.5 points per dollar on all spending with no annual fee. And the Discover it Miles card also has no annual fee and earns 1.5 miles per dollar spent.

If you're going to spend more than $9,500 on a travel card each year, you may benefit more from the Capital One Venture card. It offers an excellent 2 miles per dollar spent, and the $95 annual fee can be made up quickly with its bonus offer of 50,000 miles for spending $3,000 within the first three months of opening an account. The Venture card also offers a $100 application fee credit for Global Entry or an $85 credit for TSA Pre-check.

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For Capital One® VentureOne® Rewards Credit Card
on Capital One's Secured Site.
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CURRENT CARD
Capital One® VentureOne® Rewards Credit Card
overall rating
4.5
Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Good - Excellent
Regular APR (%) 15.49% - 25.49% variable
Annual Fee $0
Rewards Earning Rate Earn 1.25 miles per dollar on every purchase.
Investopedia Credit Card Rating Methodology
Investopedia is committed to delivering the best credit card recommendations in the industry. We’ll tell you when a card is good, we’ll tell you when a card is bad, and we’ll only call a card the best if we would recommend it to our friends or family members.
Overall Star Rating Explained
To rate credit cards we objectively assess, score and weight nearly 100 individual card features which roll up into five major feature sets: fees, interest, rewards, benefits and security/customer service. Here’s how we weighted those feature sets for the overall star rating of a card:
We have applied our proprietary rating methodology to every generally-accepted credit card in the U.S. domestic market to allow consumers to make fully informed choices. It’s important to note that for our overall score that we make a number of assumptions about how you would be using your credit card:
  1. While we make no assumption as to whether balances are carried on a given card we do assign varying weights to all credit cards’ introductory APR (if present) in addition to the regular, long term purchase and balance transfer interest rates.
  2. We utilize BLS (U.S. Bureau of Labor Statistics) income and average category spending data to calculate annual earnings rates for rewards cards that offer cash back, points or miles rewards at a set rate on all spending or in consideration of bonus rewards for certain spending categories, like gasoline, groceries, restaurants or travel.
  3. We determine the maximum points value of rewards cards by dividing the points, cash back or miles required to exchange for the retail price of the most valuable redemption option (for example, in the case of a card that offers a domestic roundtrip airline ticket as a redemption option vs. another redemption option of lesser value that requires the same amount of points or miles to acquire, we would base the rewards value on the airline ticket).
  • Cards that are selected best overall in their respective categories generally feature most if not all of the following attributes:
  • Low or Reasonable Fees Credit card fees come in many forms but the primary ones involve those for annual card membership and balance transfer. There are a myriad of reward and non-reward card options that charge no annual fee but for the many that do assess an annual fee the cost is often justified by their lucrative ongoing rewards and initial signup bonuses. Balance transfer fees are occasionally waived during introductory periods with certain cards, a factor which is heavily and positively weighted in our scoring model for cards offering this benefit. When charged, balance transfer fees range between 3% - 5%, which we grade accordingly. Other standard fees can generally be avoided, such as those for paying late or taking cash advances but we rate those relative to other cards in the market for reference, though with less weight assigned
  • Competitive Interest Many cards offer 0% introductory APR on purchases and balance transfers for varying lengths and then revert to a permanent or regular APR (based on a variable rate tied to the prime rate) that applies to any balances not paid in full. We rate both introductory APR percentage and length (in months) along with the midpoint of the variable regular APR interest rate range.
  • Valuable Rewards Credit card reward programs can be based on cash back, points or travel rewards (which can be generic or travel partner-specific, as with airline and hotel co-brand card programs). For cards that offer rewards we determine the value per dollar spent along with average redemption values and assign more favorable ratings to cards that offer superior consumer value. We also assign value to sign-up bonus offers and their initial spending requirements, when present.
  • Excellent Benefits Credit card benefits cover a range of offerings like concierge service, TSA Pre-check, auto rental coverage, travel accident insurance, lost luggage assistance and free credit scores. We rate cards on the number and level of over a dozen standard and upscale benefits and provide extra weighting emphasis for those travel-related perks that apply to premium travel cards when present.
  • Solid Security/Customer Service Security and customer service features like lost or stolen card replacement, being able to lock one’s card from an issuer app and 24 hour customer support are becoming more standard across the card market and we provide a significant amount of weighting to features in this area.
  • You can also read the full version of our methodology for a more in-depth look at how we assess cards and award them the best in various categories.