The Capital One VentureOne Rewards Credit Card is a no annual fee card earning 1.25 miles per dollar on every purchase and 5 miles per dollar on hotels and rental cars via Capital One Travel.
This article will cover everything you need to know about this card to determine if you should add this card or a different card to your wallet. Let’s dive right in.
Welcome Bonus
The VentureOne currently offers the following welcome bonus:
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Earning Miles
The Capital One VentureOne has a simple earning structure:
- 5 miles per dollar on hotels and rental cars booked through Capital One Travel.
- 1.25 miles per dollar on everyday purchases.
Annual Fee
One of the best benefits of the Capital One VentureOne allows you to earn rewards with no annual fee.
Card Benefits and Perks
Below are the card benefits and perks of the VentureOne card:
0% Intro APR for 15 Months
The VentureOne offers 0% Intro APR for 15 months on purchases and balance transfers. After that, a reg_apr,reg_apr_type APR.
There is a 3% fee on the amounts transferred within the first 15 months/
No Foreign Transaction Fees
This card has no foreign transaction fees on purchases outside the U.S., which is helpful if you travel internationally to help you avoid paying a 3% fee on those international purchases.
Secondary Rental Car Insurance
Secondary rental car insurance covers any damage to a rental car not covered by your primary insurance when you pay for the rental using this card.
Other credit cards offer primary rental car insurance, which pays before your insurance and saves you the hassle of filing multiple insurance claims.
You still need to maintain liability car insurance to cover damage to another person or property.
Extended Warranty
Credit card extended warranty protection adds up to an additional year of coverage for eligible purchases on manufacturer’s warranties up to 3 years.
Coverage matches the protection provided by the original warranty so that damage or defect would have to be covered by the original warranty for extended warranty coverage.
Redeeming Capital One Miles
There are several ways to redeem Capital One miles. The easiest way this to redeem miles for one cent per mile towards the cost of a travel purchase or for gift cards.
But for the most value, you will want to convert Capital One miles to airline or hotel points at the partners listed below.
My favorite programs are:
- Turkish Miles & Smiles: Fly to Hawaii on United Airlines for just 7,500 miles one-way.
- British Airways: Book short-haul flight on American Airlines.
- Avianca LifeMiles: A quirky program with great options to fly to Europe in business class.
- Air France Flying Blue: You can score some great deals in their monthly promo rewards including very cheap economy flights to Europe.
AeroMexico
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Air Canada (Aeroplan)
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Air France (Flying Blue)
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Avianca (LifeMiles)
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British Airways
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Cathay Pacific (Asia Miles)
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Emirates
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Etihad
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EVA
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Finnair
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Qantas
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Singapore (KrisFlyer)
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TAP Portugal
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Turkish Airlines
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Virgin Red
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Accor (2:1)
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Choice Hotels
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Wyndham Rewards
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Pros and Cons
Here’s a quick overview of this card’s advantages and disadvantages:
Pros:
- No annual fee.
- No foreign transaction fees.
- Ability to transfer miles to airline and hotel partners.
Cons:
- The Capital One Venture Rewards Credit Card (review) and Capital One Venture X Rewards Credit Card (review) offers more rewards (2x points on everyday spending) and more perks.
- Other no annual fee cards offer more perks like the Chase Freedom Unlimited® (review).
Alternatives to the VentureOne
Now that you know about this credit card’s various benefits and pros and cons, it’s time to see its alternatives.
Capital One Venture Rewards Credit Card
Better for Earning Miles
- bonus_miles_full
- 5x Miles on Hotels and Rental Cars via Capital One Travel
- 2x Miles Everywhere Else
- 2 Free Visits to Capital One Lounges Each Year
- Global Entry or TSA Pre-Check Credit
- Hertz 5-Star Elite Status
- Rental Car Insurance and Extended Warranty
- $95 Annual Fee
The Capital One Venture Rewards Credit Card is a travel rewards credit card that earns an unlimited 2 miles per dollar on all purchases and 5 miles per dollar on hotels and rental cars booked through Capital One Travel.
The card also comes with a range of travel benefits, including secondary rental car, no foreign transaction fees, and extended warranty coverage.
Plus, you also get two complimentary passes to visit Capital One lounges each year and an application fee credit for Global Entry or TSA PreCheck (up to a $100 credit every four years).
Chase Freedom Unlimited®
Better for Restaurants and Drugstores
The Chase Freedom Unlimited® (review) is a good no-annual fee credit card option that offers 5% cash back on travel booked through Chase Ultimate Rewards, 3% cash back at restaurants, takeout, eligible delivery services, and on drugstore purchases. Plus it offers 1.5% cash back on all other eligible purchases.
The card also offers nice benefits such as purchase protection, extended warranty, trip cancellation/interruption insurance, and secondary rental car insurance.
Bilt Mastercard®
Better for Rent and Benefits
- Pay Rent Without Fees and Earn 1 Point Per Dollar on Rent (up to 50,000 Points Per Calendar Year)
- No Annual Fee
- 3x Points on Dining
- 2x Points on Travel
- Transfer Rewards to Airlines and Hotels
- Cell Phone, Primary Rental Car, and Trip Delay Insurance
Bilt Mastercard® is a no-annual-fee credit card that allows you to pay rent without a transaction fee and earn 1 point per dollar on rent (up to 50,000 points per calendar year).
You also earn 3x points on dining, 2x points on travel, and 1x points everywhere else.
The Bilt Rewards card also has great benefits for a no-annual fee card, including cell phone insurance, primary rental car insurance, 90-day purchase protection, trip delay insurance, trip cancellation insurance, and no foreign transaction fees.
Plus, you can transfer your points to airline and hotel partners such as United Airlines, American Airlines, and World of Hyatt. Or redeem the points for travel or at Amazon.
Is the VentureOne Worth It?
The VentureOne is a pretty good option if you want travel rewards without paying an annual fee.
But if you travel at least a few times per year, I highly recommend the Capital One Venture X Rewards Credit Card (review), which is is a premium travel rewards card offering a $300 travel credit, 10,000 points each account anniversary, airport lounge access, and 2x miles on everyday spending.
