Updated Apr 25, 2021 | Published Feb 24, 2020 • 14 min read
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This card earns 1.25X miles per dollar on every purchase you make, and you can find more value by exchanging those miles with Capital One’s airline partners.
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The information related to Capital One Venture Rewards Credit Card has been collected by Credit Card Insider and has not been reviewed or provided by the issuer or provider of this product.
Cardholders earn 1.25X miles for every purchase, and each mile can be worth up to 1 cent when redeemed for regular travel expenses, meaning you’ll get a cash back equivalent of1.25% for all purchases.
Capital One recently introduced a set of airline partners to which you can transfer miles, giving this card more value and flexibility, and potentially allowing you to earn more than 1 cent per mile.
If you want to gain an elite hotel member status, you should probably look elsewhere for travel rewards. There are co-branded hotel cards that can provide an equal or better return on your spending, for example, but they’re limited to just one hotel brand.
There’s no annual fee to use this card. You won’t be charged a fee for foreign transactions. And you’ll get a 0% intro APR for 12 months for purchases, giving you a way to pay off some travel expenses over time without getting charged extra for interest before the 15.49% - 25.49% Variable APR kicks in.
Capital One provides another Venture travel card, which has an annual fee but offers a slightly better rewards program:
Reach the bonus: Spend enough in the first few months after opening the account to earn a wealth of bonus miles.
Find more value: Consider transferring your miles to an airline loyalty program where you may find a better value than 1 cent per mile for them.
Utilize the introductory period: Take advantage of the 0% intro purchase APR for 12 months to pay off some pricy hotel stays over time, or any other expenses, without accruing extra interest, before the regular 15.49% - 25.49% Variable APR starts.
Take advantage of the Visa Signature perks: If you have a Visa Signature version of the card, use the Luxury Hotel Collection to find eligible hotels where you’ll have access to extra perks and complimentary services.
No foreign transaction fees: Use this card outside the country because it has no foreign transaction fees, and it will be accepted just about anywhere that takes credit cards because it’s a Visa.
The VentureOne Rewards can provide the equivalent of 1.25% cash back for every purchase. This assumes you’re redeeming for travel expenses at 1 cent per mile, but you could find better deals through mile transfers.
1.25X miles per dollar spent on all purchases
Earn a bonus of 20,000 miles once you spend $500 on purchases within 3 months from account opening, equal to $200 in travel
Miles will never expire, as long as your account remains open and in good standing. You can earn an unlimited number of miles.
These miles can be redeemed for 1 cent each for past travel expenses. So you’ll get a cash back equivalent of1.25% back for all purchases.
You can also transfer your miles to a variety of airline loyalty programs, where you might find a better value than 1 cent per mile.
The 1.25X miles you’ll earn for purchases isn’t very rewarding, and there are other travel credit cards that will probably be better for your spending habits.
There’s a different version of this card called the Venture Rewards and it offers 2X miles per dollar for every purchase. This reward program might work better for you, if you don’t mind paying an annual fee after the first year.
You’ll have three basic options when redeeming your miles.
Travel expenses: Provide 1 cent per mile
Past travel expenses from the last 90 days can be paid for with miles using the Purchase Eraser system
New travel reservations can be booked with miles through Capital One’s website or by calling customer support
Cash back statement credits, gift cards, merchandise: Provide less than 1 cent per mile
Mile transfers: Provide various mile values, depending on the deal.
We recommend always redeeming for mile transfers or travel expenses because you’ll get at least 1 cent per mile. We’ll explain how to redeem for travel expenses first, and then we’ll go over mile transfers.
You can redeem for either past or upcoming travel expenses. Miles don’t expire, so you can hold on to them until you can redeem in this way.
The Purchase Eraser system will let you find eligible travel expenses from the past 90 days, and you can use miles to pay them off. Partial redemptions are available to pay for part of a purchase.
The types of eligible travel expenses are:
Miles can also be used to pay for travel reservations as you make them. You’ll need to book travel either through Capital One’s website or by calling customer support to redeem miles in this way.
You can transfer your Capital One miles to several different airline loyalty programs, where you might find a better value than 1 cent per mile.
Most of the transfer rates are 2:1.5 (2 Capital One miles for 1.5 partner airline miles), although some transfer partners have a lesser rate.
Aeromexico Club Premier
Air Canada Aeroplan
Air France KLM Flying Blue
British Airways Executive Club
Cathay Pacific Asia Miles
EVA Infinity MileageLands
Hainan Fortune Wings Club
Qantas Frequent Flyer
TAP Portugal Miles&Go
Turkish Airlines Miles&Smiles
The VentureOne Rewards card comes with benefits from two different sources:
Card and account features from Capital One
Protections and benefits at either the Visa Platinum or Visa Signature level
You’ll be given either a Visa Platinum or Visa Signature version of this card. The version you get will depend on your credit limit when approved: Visa Platinum cards are for credit limits less than $5,000, and Visa Signature is for $5,000 and above. The credit limit you get will depend on your creditworthiness when you apply.
Visa Platinum cards are pretty basic, with just a few shopping and travel protections. Visa Signature cards have more valuable benefits, including opportunities for discounts and special services.
Below, you’ll find the Visa Platinum benefits your card will come with, and the potential Visa Signature benefits you’ll get if your credit limit is high enough.
Visa Platinum Benefits
If you’re approved for a card with a credit limit less than $5,000 you’ll get a Visa Platinum version of the VentureOne Rewards. It will only come with the following protections:
Extended warranty: Eligible items purchased with your card can have their manufacturer’s warranty doubled up to an additional year, for warranties of three years or less.
Auto rental collision damage waiver: Decline the rental company’s own insurance to get coverage against collision damage and theft, for eligible rented vehicles.
Travel and emergency assistance services: Access to a variety of services like medical and legal referrals, emergency transportation or ticket replacement, and pre-trip assistance.
Travel accident insurance: Provides coverage for accidental loss of life, limb, sight, speech, or hearing while traveling by common carrier.
Most credit cards come with a basic set of protections like these, provided by the card’s network: Visa, Mastercard, Discover, or American Express.
Visa Signature Benefits
Luxury Hotel Collection: Provides special perks at select hotels around the world.
Travel protections: You’ll get access to roadside dispatch, and your luggage will be reimbursed should it ever be misplaced while traveling.
Purchase security: If an eligible item you buy is lost or damaged, you can be reimbursed up to $500 per claim.
Lost/stolen card reporting: Call customer support to report your card as lost or stolen at any time.
Emergency card replacement and cash disbursement: After reporting your card as lost you can quickly and easily get a replacement, or an emergency cash advance.
Year-end summary statement: A detailed summary of your yearly spending is available upon request.
Capital One Benefits
CreditWise Credit Monitoring: See your VantageScore 3.0 based on your TransUnion credit report, and check data from your TransUnion report.
Personalized Payment Date: Choose your own due date to make paying bills more convenient.
Security and Account Alerts: You can be notified about changes to your account or unauthorized activity.
Capital One Second Look fraud coverage: Automatically monitors your account 24/7 for fraudulent activity.
Zero Liability Protection: You won’t be held responsible for fraudulent charges made to your account.
The Terms & Fees
Balance Transfer APR
Cash Advance APR
0% 12 months, then 15.49% - 25.49% Variable
15.49% - 25.49% Variable
Foreign Transaction Fee
Balance Transfer Fee
Cash Advance Fee
$0 at the Transfer APR
3% of the amount of the cash advance, but not less than $10
Returned Payment Fee
Up to $40
The VentureOne Rewards card doesn’t come with many fees — there’s no annual fee, no foreign transaction fee, and no balance transfer fee. So it can be completely free to use as long as you avoid interest charges on purchases by paying your balance in full each billing period, and don’t use the card for balance transfers or cash advances.
You’ll get a 0% introductory rate for purchases for 12 months, giving you some time to pay off large expenses like hotel stays. During this intro period you don’t need to pay your full balance to avoid interest, but you will need to pay at least the minimum payment. If you don’t, you can lose your intro rate.
What is the Credit Limit of the VentureOne Rewards Card?
The VentureOne Rewards card is issued as either a Visa Platinum or Visa Signature card.
Your card will come with a credit limit of at least $2,000. If your credit limit is less than $5,000 you’ll be given a Visa Platinum card. If the limit is $5,000 or above, you’ll get a Visa Signature with upgraded benefits, as described above.
This card has become more valuable since Capital One added the ability to transfer to airline loyalty programs, giving you more flexibility in redemptions with options that could provide more than 1 cent per mile.
Your card benefits will come at the upgraded Visa Signature level if your credit limit is $5,000 or above, otherwise you’ll just get more basic protections. These can potentially save you some time and money while shopping and traveling.
There’s no annual fee to pay, and you’ll get a 0% introductory interest rate for purchases for one year, with a 15.49% - 25.49% Variable APR after that. That will let you pay off a vacation or some hotel trips over time, lessening the blow to your bank account.
You can apply for the Capital One VentureOne Rewards Card securely on the Capital One website.
Most applicants will get an instant decision, but not all. In some cases Capital One may request more information.
This card is designed for excellent credit, meaning a FICO Score 8 of about 700 or above. But this isn’t a direct requirement, and you may be approved if your credit scores are close, depending on your other financial information.
Qualifications and Requirements
Limited applications: Must not have applied for a Capital One credit card two or more times in the last 30 days
Limited credit cards: Must not have five or more open credit card accounts with Capital One
Accounts in good standing: Must not be past due or over the credit line with any Capital One credit accounts
Must be 18 to apply
Personal information: Personal identifying information, including SSN, address, and phone number.
Financial information: Total annual income, source of income, monthly mortgage/rent payment, potentially more.
There’s an annual fee of $95, which makes sense for the upgraded version of the VentureOne.
You get 2X miles per dollar instead of 1.25X. Miles will still be worth 1 cent each for basic travel redemptions, so you’re getting at least 2% back for all purchases. Like the VentureOne, you can transfer your miles to airline partners where you might find a better value than 1 cent per mile. The introductory bonus is larger, but it will take more spending to get.
Here’s what you would have to spend to earn more with the Venture than the VentureOne, after taking the annual fee into account:
Amount Spent Annually
Venture – Cash Back Equivalent (2X miles per dollar)
VentureOne – Cash Back Equivalent (1.25X miles per dollar)
So which card should you use? The VentureOne, with no annual fee, may work better for you; but if you’ll travel and use the card enough, the Venture will deliver more miles and more perks.
The Chase Sapphire Preferred® Card (Review) is a general-use travel card with some limitations on where you can earn points at the best rates. It’s made of metal, like the Venture card.
For $95 per year, you’ll get an excellent 5X Ultimate Rewards points per dollar on Lyft rides, and 2X points on travel and dining. Chase will add a 25% bonus when you redeem for travel through the Ultimate Rewards travel portal, making your points worth 1.25 cents each.
But Chase’s point transfer system is loved by many for the 1:1 transfer rates to many airlines and hotels. You could find as much as 2 cents per point or more through transfers, making this card quite a bit more rewarding.
The Discover it® Miles (Review) is a travel card that looks a bit like the VentureOne, but there are quite a few differences in the rewards, benefits, and terms.
You can redeem your miles for travel expenses, like the VentureOne. But you can also use them for regular cash back statement credits, which will simply reduce the balance of your account, and still get the full 1 cent per mile.
This is unlike most other travel cards, which make you redeem for travel expenses to get the best value. So the Discover card is more flexible than the VentureOne when it comes to redeeming miles.
Discover cards don’t currently come with very many extra benefits or protections. You’ll get more with the VentureOne Rewards, whether you get a Visa Signature or even a Visa Platinum card.
If you’re looking for a very simple card with easy redemption options and a potentially more rewarding first year, this could be the one.
FICO Credit Scorecard: Access your FICO Score 8 whenever you’d like for free, based on your TransUnion credit report.
Cash at Checkout: At eligible retailers you can get cash at checkout, a handy way to get some money without going to an ATM. The extra cash will be counted as part of your purchase.
Refer a Friend bonus: Earn a $100 statement credit bonus for every friend you refer who’s approved, up to 10 friends per year. If your friend makes a purchase within three months of opening the account, he or she will earn a $100 bonus too.
Social Security number alerts: Get notified if Discover finds your SSN on any one of thousands of risky dark web sites.
New account alerts: Get notified if any new inquiries or accounts show up on your Experian credit report.
Purchase APR: See Terms for See Terms, then See Terms
Balance Transfer APR: See Terms for See Terms, then See Terms
The JetBlue Plus Card is offered through Barclays for anyone who flies JetBlue Airways more often than not.
It’s a more rewarding, but more restricting option than the VentureOne card.
Whereas with the VentureOne you’ll earn 1.25X miles per dollar on every purchase, here you’ll get 2X points at grocery stores and restaurants, and 9X points on JetBlue tickets (6X from the card, 3X or more from your flight). That 10% redemption bonus provides a bit extra to sweeten the deal.
There’s an annual fee of $99, so if you won’t use it enough you may want to go for the no annual fee version, the JetBlue Card.
You’ll be charged $95 annually, but for that you’ll get access to some very useful perks and considerable rewards.
The best benefits are only applicable at Marriott Bonvoy properties, and the rewards all but restrict you to earning there too. But if you’re a fan of Marriott Bonvoy hotels, you can get a lot out of the annual free night stay, Silver Elite status, and other features.
Annual free night stay: You’ll get one Free Night Award every year, beginning after your first account anniversary.
Silver Elite status: As a cardholder you’ll get complimentary Silver Elite status with Marriott. Normally you’d need to spend 10 qualifying nights at Marriott properties for this status level.
Easy path to Gold Elite status: Cardholders get a fast track to Marriott Gold Elite status by spending $35,000 in an account year. Usually it would take 25 qualifying night stays to reach this level.
15 annual Elite Night Credits: You’ll receive 15 Elite Night Credits every year, on or before March 1. Elite Night Credits count towards your Elite status with Marriott.
Visa Signature concierge: Call 1-800-953-7392 at any time to reach your personal assistant, who can help with non-emergency tasks.
Premier Experience Events: Cardholders will occasionally get invitations to exclusive events through the Premier Experience Events program. There are a variety of events, like high-class dining and cooking lessons, rounds of golf, and meetings with exciting people.
Shopping protections: Extended warranty (which can extend a manufacturer’s warranty) for eligible products and purchase protection (covers eligible purchases against damage and theft), and zero liability.
Travel protections: Get access to travel and emergency assistant services, trip delay reimbursement, lost luggage reimbursement, and rental car insurance.
No foreign transaction fee
Purchase and Balance Transfer APR: 15.99% - 22.99% Variable
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