Capital One VentureOne Rewards Review for 2023
Written by
Daniela Rivera-Herrera
Edited by
Amber Barkley
Commitment to Our Readers
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20 Years
Helping You Live Richer
Reviewed
by Experts
Trusted by
Millions of Readers
GOBankingRates Score
-
Travel
5.0
-
Rewards
4.9
Pros
- Offers miles for travel
- No airline or hotel limitations
- $0 annual fee
- No foreign transaction fees
- Offers 1.25x miles per dollar spent
- Offers Capital One's travel benefits and protections
- Offers introductory APR for a limited time
Cons
- High APR for balance transfers
- Mediocre travel rewards when compared with other cards
Capital One VentureOne Rewards Credit Card Overview
For a credit card with no annual fees, the Capital One VentureOne Rewards credit card offers pretty substantial rewards.
This card has no caps on the number of miles users can earn, and each purchase earns 1.25x miles per dollar. Every 100 miles equals $1 in travel rewards. New account holders are eligible to earn a one-time welcome mileage bonus: 20,000 bonus miles after you spend $500 within the first three months of opening the account.
Casual reward earners may also enjoy the ability to transfer their miles to any qualifying airline or hotel program. The flexibility of the Capital One VentureOne Rewards credit card doesn’t stop there, as it allows holders to spend their reward balance using PayPal and Amazon.
This credit card is worth a shot, given that it offers many additional benefits to account holders despite its earning rate not comparing well to other cards with low to no annual fees.
Key Features
Fees, APR, benefits and customer service are all important factors to consider when you’re looking for a new credit card. Here are the details on the Capital One VentureOne.
Fees
The VentureOne card may not be as rewarding as its more expensive sibling, the Venture Rewards credit card. However, it does provide users with a highly coveted perk: a annual fee. It also charges no foreign transaction fees.
There is a 3% fee on balance transfers during the initial promotional APR — but no balance transfer fee after that. Cash advance fees are either $3 or 3% of the advance, whichever is more, and the fee for late payments is up to $40.
APR
This popular travel credit card by Capital One has a 0% introductory APR on balance transfers and purchases for 15 months. After that period, it offers a APR.
Benefits
Capital One VentureOne Rewards is a moderate rewards-earning credit card. It offers unlimited earnings of five miles per dollar on travel expenses like hotel bookings and car rentals paid through Capital One. Additionally, users earn 1.25x miles per dollar on other purchases. When new VentureOne cardholders spend $500 within three months of opening an account, they receive 20,000 bonus miles.
Additionally, Capital One offers a variety of shopping and travel perks, from extended warranties on purchases to access to exclusive events.
Customer Service
According to studies by J.D. Power, Capital One has been ranked as the number-one bank for credit card issuer customer service multiple times in recent years. Capital One’s ranking was based on multiple factors, including: “providing digital channels; helping customers save time or money; delivering account offerings that meet customer needs; and allowing customers to bank how and when they want.”
Capital One cards use EMV chip technology to ensure secure transactions outside the U.S. That’s why it won’t require you to call or give any notice if you’re traveling abroad.
How Capital One VentureOne Rewards Stands Out
The Capital One VentureOne Rewards credit card comes with many different travel and shopping perks. Here’s a deeper dive into some of the benefits that make it stand out.
Shopping Benefits
- Extended Warranty: The free additional warranty protection covers eligible items purchased with the VentureOne Rewards credit card.
- Access to Exclusive Events: Capital One Dining and Capital One Entertainment offer exclusive experiences and ticket pre-sales.
- Discount Codes: Capital One Shopping automatically applies available coupon codes to any online shopping order.
Travel Benefits
- Complimentary 24/7 Concierge: This service allows cardholders to effortlessly book hotel rooms, make event and dinner reservations, and more.
- Travel Upgrades: VentureOne cardholders can receive complimentary upgrades when applicable.
- Travel Services: Account members can enjoy early check-in and late check-out and other useful travel benefits.
- Trip Cancelation and Interruption Insurance: The plan covers up to $1,500 when a trip is canceled or cut short by injury or illness.
- Travel Accident Insurance: This perk protects the user’s travel plans in case they’re affected by an accident.
- Hotel and Flight Price Protection: This credit card benefit guarantees a partial refund in case cardholders find a cheaper deal within 120 days of finalizing a purchase.
- Car Rental Insurance: The plan allows users to skip the car rental company’s insurance. The collision damage waiver covers vehicles rented with this credit card for damage due to collision or theft.
- Travel Delay Insurance: This allows users to get compensation for any expenses resulting from travel delays.
- Miles Transfer: The VentureOne miles rewards card allows users to transfer their miles to over 15 different travel loyalty programs.
- Capital One Lounge Access: With VentureOne Rewards, account holders can relax away from the airport crowds in an exclusive space with luxurious amenities.
- Baggage Delay Insurance: This protection covers lost and misplaced luggage.
- Travel Assistance: The insurance covers roadside assistance and medical services.
Security Benefits
- Identity Theft Support: Cardholders have access to this service free of charge to protect their account if their card gets misplaced or stolen.
- Emergency Card Replacement: If your credit card is lost or stolen, you can get an expedited emergency replacement card.
- Emergency Cash Advance: Users can use this feature when they don’t have another card or cash backup.
- Free Access to FICO Credit Score: Check your credit score without paying a fee.
- $0 Fraud Liability Protection: Capital One will contact you if it notices suspicious activity on your account, and you won’t be liable for any fraudulent charges.
Comparable Credit Card Options
Here’s how the Capital One VentureOne stands up to its main competitors in the market.
Capital One VentureOne Rewards Credit Card vs. Chase Freedom Flex Credit Card
Both these cards offer similar welcome bonuses in terms of cash equivalence and the introductory APR period. However, there are some major differences between the rewards each card provides. The Freedom Flex’s rewards are calculated differently. This card offers the following:
- 5% cash back on eligible purchases across different categories
- 5% cash back on travel purchases through Chase Ultimate Rewards
- 3% cash back at drugstores
- 3% cash back on dining
- 1% cash back on all other purchases
Neither VentureOne nor Freedom Flex have annual fees. Yet the Freedom Flex is a lot more complex and has many rules to keep an eye on regarding rewards. This credit card also charges users a 3% foreign transaction fee.
Capital One VentureOne Rewards Credit Card vs. Discover it Miles
Another contender in the race for the best travel credit card is the Discover it Miles. This option is very different from Capital One’s VentureOne. Discover it Miles offers slightly higher rewards per dollar spent at 1.5 miles. These rewards can even be credited towards a minimum payment.
The Discover it Miles has a more generous welcome bonus than its Capital One counterpart. It matches the entire number of miles you earn during the first year of holding the account without a limit or minimum.
How To Apply
You can apply for the Capital One VentureOne Rewards card through the Capital One website or by visiting a Capital One location. Capital One will ask you for your basic personal information to open an account. This may include:
- Full name
- Social Security number
- Date of birth
- Physical address
- Estimated gross annual income
Who Is Capital One VentureOne Rewards Best For?
The Capital One VentureOne Rewards credit card may not be one of the banking institution’s best offerings when it comes to earning some serious miles. However, its lack of an annual fee may make it worthwhile for users who are not willing to spare a hefty sum each year.
Despite its relatively low rewards when compared with other options in the market, the Capital One VentureOne offers a wide array of extra benefits, which is Capital One’s signature for most of its cards.
The Capital One VentureOne Rewards credit card might be a perfect product for those beginner traveler reward seekers who want to test the waters without committing to hefty annual fees. Its simplicity makes this credit card suitable for those who’d rather not deal with complex reward-earning systems and capped mile-earning categories.
In addition to its myriad benefits, VentureOne allows users to monitor flight and hotel rates on the most popular travel sites. It also protects the account holder’s interests by providing a partial refund if the price drops after purchase.
Final Take
The Capital One VentureOne credit card might not be the best travel-focused credit card on the market. For some, it may fall short when compared with other no-annual-fee, all-around reward credit cards. However, it still has many perks that make it an attractive option for casual miles earners.
Capital One VentureOne Rewards FAQ
If you still have questions about the Capital One VentureOne credit card, here's some additional information that may help.- How long does it take to receive the Capital One VentureOne card once approved?
- Typically, it takes up to 10 business days to receive your new Capital One card, unless your credit card is secured. In this case, you'll have to pay a deposit before the credit card ships, and the seven-to-10-business-day period will start from there.
- Can you use the Capital One VentureOne Rewards credit card anywhere?
- The Capital One Venture can be used anywhere major credit cards are accepted. This applies whether you are in the United States or not. Additionally, you can use your card to book hotels and flights online, as well as for shopping online. Furthermore, Capital One charges no foreign transaction fees when you use your card abroad.
- Is Capital One VentureOne hard to get?
- Capital One requires excellent credit to qualify for the VentureOne card. That means you'll need a credit score of at least 720 and no blemishes on your credit report.
Cynthia Measom and Chris Ozarowski contributed to the reporting for this article.
Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of May 18, 2023.
Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.
The information related to the Chase Freedom Flex credit card was collected by GOBankingRates and has not been reviewed or provided by the issuer of this card. Product details may vary. Please see the issuer’s website for current information. GOBankingRates does not receive commission for this product.
