|Highlights||Credit Card Feature|
|Things We Like||Signing bonus of 20,000 miles, equal to $200 in travel|
|Our Least Favorite||You can't transfer your miles to airline or hotel partners|
|Our Verdict||Great card to earn unlimited 1.25 miles per dollar on every purchase|
Capital One® VentureOne® Rewards Credit Card is a travel rewards credit card issued by Capital One which can help you save on any travel purchases you make. This card falls into the family of "cash back miles" cards, meaning that you don't earn actual frequent flyer miles, but instead you earn reward miles which you can then redeem towards the cost of any travel bookings you make. That makes it a pretty flexible card.
Since it's very easy to confuse this card with the similar Capital One® Venture® Rewards Credit Card, we've decided to look under the fine print and find out what perks this card gives you, and how it compares to other travel credit cards available on the market in this Capital One® VentureOne® Rewards Credit Card review.
Things We Like About Capital One® VentureOne® Rewards Credit Card
$0 annual fee. The biggest difference between this card and its close relative, Capital One® Venture® Rewards Credit Card, is that Capital One® VentureOne® Rewards Credit Card has a $0 annual fee. That means you don't have to pay a fee every year to use this card, so you don't have to discount an annual fee from the miles you earn to calculate your actual travel savings.
You earn unlimited 1.25 miles per dollar on every purchase. Every purchase you make with this card, every day, earns 1.25 miles for each $1 you spend. There is no limit to the amount of miles you can earn. Just calculate your average annual spending multiplied by 1.25 to see how many miles you could earn by using this card.
It has a bonus offer! When you spend $1,000 on purchases within 3 months of approval, you will receive a one-time bonus of 20,000 miles (equal to $200 in travel). So just getting this card and spending less than $400 a month within 3 months of approval can start you off with up to $200 worth of travel!
You can redeem your rewards for any travel purchases. The miles you earn with this card can be redeemed towards airline tickets, hotel stays, cruises, car rentals, vacations, and many more travel purchases you pay for with this card. You can book your travel any way you prefer (travel booking sites, directly from airlines, right at the hotel counter, and other ways), and then just redeem your miles as statement credit to cover those purchases. So you really are in control of your travel rewards when you use this card.
Your miles don't expire. The miles you earn with this card don't expire, as long as your account is in good standing. So you can accumulate as many miles as you want to and hoard them for as long as you choose before redeeming them.
You don't pay foreign transaction fees. Capital One is famous for not charging foreign transaction fees on many of its cards. When you use this card to pay in a foreign currency while traveling, you won't have to pay a fee. Most credit cards charge 3% of the amount you spend, which can add up to some serious bucks. So this is a good card to take with you when you travel outside of the U.S.
You get an intro APR period. With this card you get 0% intro APR on purchases for 12 months, which means you won't have to pay interest on balances you carry until that time. After that a standard 12.49% - 22.49% variable APR will apply.
Our Least Favorite Things About Capital One® VentureOne® Rewards Credit Card
You can't transfer your miles to airline or hotel partners. Unlike some other travel credit cards that let you transfer your points or miles to frequent flyer or hotel loyalty programs, Capital One® VentureOne® Rewards Credit Card doesn't give you this option, so you can't easily roll them over to an airline or hotel partner which you are a member of. If you prefer a card that gives you this option, you can consider Chase Sapphire Preferred® Card.
You pay a lot to get cash with this card. This is a great card to use when you pay at a credit card terminal, but try not to use it to get cash. Every time you use this card to get a cash advance you will pay $10 or 3% of the amount you get in cash.
How Other Cards Compare With Capital One® VentureOne® Rewards Credit Card
|Intro APR:||0% Introductory APR for 12 billing cycles for purchases|
|Regular APR:||15.49% - 23.49% Variable APR|
|Credit Required:||Good, Excellent|
Capital One® VentureOne® Rewards Credit Card is a good all-round travel rewards card for those of you who like to keep your travel options open and don't like to pay an annual fee. Pedro Pla
Capital One® VentureOne® Rewards Credit Card gives you everything you really need in a travel credit card for $0 annual fee, including a fairly good rate of earning miles and no foreign transaction fee.
If you like to earn flexible miles on all purchases you make, and redeem your miles towards any travel purchases you make with any airline or hotel, then Capital One® VentureOne® Rewards Credit Card is a good choice of credit card to use. Plus you have the added benefit of using this Visa credit card in countries all over the world.
Pedro Pla is co-founder of GET.com. He has been around the globe several times and considers collecting air miles and points from credit cards to be a hobby, if not, an obsession. Email: email@example.com.Editorial Disclosure: Any personal views and opinions expressed by the author in this article are the author's own and do not necessarily reflect the viewpoint of GET.com. The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author's alone, not those of the companies mentioned, and have not been reviewed, approved or otherwise endorsed by any of these entities.
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