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The Capital One VentureOne Rewards Credit Card is a general-use travel credit card designed for excellent credit.
Cardholders earn 5X miles per dollar with Uber Eats (through 1/31/21) and 1.25X miles for every other 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 of at least 1.25% 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 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:
Card | Annual Fee | Purchase APR | Rewards | Benefits |
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Capital One VentureOne Rewards Credit Card (This review) | $0 | 0% intro on purchases for for 12 months, then 15.49% - 25.49% (Variable) |
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Visa Platinum or Visa Signature |
Capital One Venture Rewards Credit Card (Review) | $95 | 17.24% - 24.49% (Variable) |
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Visa Signature |
Keep reading to learn more about the VentureOne Rewards card, and see if it would be a good choice to help lighten the load of your travel spending.
The information related to Capital One VentureOne 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.
We give the VentureOne Rewards card 4 out of 5 Stars because it offers decent general spending rewards, has no annual fee, and (the traveler’s favorite) point transfers.
Take a look at some other travel credit cards below, which offer rewards for different types of purchases.
The VentureOne Rewards can provide the equivalent of 5% cash back for Uber Eats, and 1.25% cash back for every other purchase. This assumes you’re redeeming for travel expenses at 1 cent per mile, but you could find better deals through mile transfers.
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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 of 5% back for Uber Eats, and 1.25% back for all other 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. It offers the same Uber Eats rewards and 2X miles per dollar for every other 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.
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:
airfare | hotels | buses | taxis | car rentals |
rail lines | limo services | cruise lines | travel agents | time shares |
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.
Airline Partner | Transfer Rate |
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Aeromexico Club Premier | 2:1.5 |
Air Canada Aeroplan |
2:1.5 |
Air France KLM Flying Blue |
2:1.5 |
Alitalia MilleMiglia |
2:1.5 |
Avianca LifeMiles |
2:1.5 |
Cathay Pacific Asia Miles |
2:1.5 |
Emirates Skywards |
2:1 |
Etihad Guest |
2:1.5 |
EVA Infinity MileageLands |
2:1.5 |
Finnair Plus |
2:1.5 |
Hainan Fortune Wings Club |
2:1.5 |
JetBlue TrueBlue |
2:1 |
Qantas Frequent Flyer |
2:1.5 |
Singapore KrisFlyer |
2:1 |
The VentureOne Rewards card comes with benefits from two different sources:
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.
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:
Most credit cards come with a basic set of protections like these, provided by the card’s network: Visa, Mastercard, Discover, or American Express.
Purchase APR | Balance Transfer APR | Cash Advance APR |
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0% for 12 months, then 15.49% - 25.49% (Variable) | 15.49% - 25.49% (Variable) | 25.49% (Variable) |
Annual Fee | Foreign Transaction Fee |
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$0 | None |
Balance Transfer Fee | Cash Advance Fee |
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$0 | 3% of the amount of the cash advance, but not less than $10 |
Penalty APR | Late Fee | Returned Payment Fee |
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None | Up to $40 | None |
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.
Check the VentureOne Reward card’s terms and conditions yourself to see the full description by Capital One.
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.
Cardholders can request a credit line increase from Capital One at any time, though we recommend waiting about 6 or 12 months between requests. Capital One may also increase your credit line automatically if you show responsible credit behavior.
You likely can’t upgrade from Platinum to Signature once your card has been issued, even if your credit limit is increased above $5,000.
The Capital One VentureOne Rewards Card is a decent pick for for general use spending if you don’t want to pay an annual fee.
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.
Check out some other travel credit cards below, which offer points or miles for different kinds of travel expenses.
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.
The information related to Capital One VentureOne 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.
If this card doesn’t seem like the one for you, stick around and take a look at some more options we’ve put together.
The Capital One Venture Rewards Credit Card (Review) is a more expensive version of the VentureOne, with slightly different terms. It also comes as a metal credit card, while the VentureOne does not.
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) |
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$5,000 | $5 | $62.5 |
$10,000 | $105 | $125 |
$12,667 | $158.34 | $158.34 |
$15,000 | $205 | $187.50 |
$20,000 | $305 | $250 |
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.
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The Venture Rewards Card comes at the Visa Signature level, with all the same benefits described above. The VentureOne may come as a Visa Platinum, with lesser benefits.
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.
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.
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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.
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The information related to Discover it® Miles has been collected by Credit Card Insider and has not been reviewed or provided by the issuer or provider of this product.
securely on the issuer's website
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.
Find more great airline cards over at The Best Airline Credit Cards.
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The Marriott Bonvoy Boundless™ Credit Card (Review) is a highly rewarding cobranded hotel card that comes with an annual fee and nice perks.
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.
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The information related to Capital One VentureOne 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.
Do you use the Capital One VentureOne Rewards card to earn miles? Leave your own review below and let us know how you like it!
This card earns 5X miles per dollar with Uber Eats and 1.25X miles on every other purchase you make, and you can find more value by exchanging those miles with Capital One’s airline partners.
Credit Card Insider receives compensation from advertisers whose products may be mentioned on this page. Advertiser relationships do not affect card evaluations. Advertising partners do not edit or endorse our editorial content. Content is accurate to the best of our knowledge when it's published. Learn more in our Editorial Guidelines.
The information related to Capital One VentureOne Rewards Credit Card, Capital One Venture Rewards Credit Card, and Discover it® Miles have been collected by Credit Card Insider and have not been reviewed or provided by the issuer or provider of these products.
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