Capital One VentureOne Rewards Review
Capital One Venture Rewards is a no-fee travel credit card that now has an increased welcome offer. The card doesn’t provide tons of perks, and the earning rate is lower than what you can get from some other no-fee products. But the rewards you earn can be used for travel through transfer partners, which is something that you can’t often do with just a no-fee card.
Check out the pros and cons of the Capital One VentureOne Rewards credit card and the full review below.
Pros | Cons |
| ✅ A good bonus for a no fee credit card, with a low spending requirement. You also get 0% intro APR. | ❌ Earning rate is only 1.25X on all spending, when there are other options that can earn you 2% everywhere. |
| ✅ No annual fee. | ❌ While the bonus is good for a no-fee card, you can get much higher bonuses that are worth it even with a fee. |
| ✅ You can use rewards through Capital One’s transfer partners. | ❌ Regular APR is higher than most other credit cards. |
Welcome Offer
- When you sign up for the Capital One VentureOne Rewards card, you can earn a 40,000-mile bonus after you spend $1,000 within the first three months of opening your account.
- As part of the offer, you can also enjoy 0% intro APR on purchases and balance transfers for 18 months. After that a variable APR applies. There’s a 3% fee on the amounts transferred within the first 18 months.
- No Annual Fee
- LEARN MORE.
Considering that you can get a value of 1 cent per mile when booking travel through Capital One, this bonus is worth at least $400. This bonus value is one of the best currently available or no-annual-fee rewards card.
Earning Rewards
The VentureOne Rewards card earn a flat rate of 1.25 Capital One miles for every purchase. You will earn the higher rate of 5 miles per dollar on hotels and rental cars booked through the Capital One travel portal. Your miles won’t expire for the life of your account and Capital One doesn’t impose blackout dates.
This is a simple earning rate but 1.25X miles is low when compared to other no-annual-fee travel cards.
How to Redeem Rewards
You can use the miles you earn to book hotels, flights and rental cars using your Capital One miles by logging into CapitalOne.com and visiting the reward center. You can also use your card to book travel anywhere and then redeem your miles for a statement credit to cover a wide range of travel purchases that you’ve made over the past 90 days. Only purchases that fall under the travel merchant code will qualify. But almost all airlines, hotels, rental cars, cruises etc. will qualify. Using your miles this way will get you a value of 1 cent per mile.
You can also transfer your miles to other loyalty programs that partner with Capital One. Not all of Capital One’s transfer partners carry the same redemption value, so some transfers may be more valuable than others. Be sure to research a speciifc program before transferring miles, because these transfers are not reversible. This can often be the best use of you credit card rewards.
If you don’t want to redeem your miles for travel, you can also cash them out in the form of a statement credit, check, gift cards, Amazon.com or PayPal purchases and more. But the value is less than 1 cent per mile.
Other Benefits
This is a travel credit card. But since it has no annual fee, the travel perks provided are nothing to rave about.
One thing that worth noting is the price match guarantee when you book travel on Capital One’s site. You can submit a price match claim to Capital One Travel and get the difference refunded. You get auto rental insurance when you rent a car with your card and fraud coverage.
Other benefits include no foreign transaction fees, virtual card numbers, credit report alerts through CreditWise, and access to Capital One Offers.
Capital One Transfer Partners
Customers will need to transfer a minimum of 1,000 Venture X, Venture X Business, Venture or Spark Miles at a time to travel loyalty programs, and will need to transfer in 100 mile increments.
| Partner | Ratio |
|---|---|
| Accor Live Limitless | 2 : 1 |
| Aeromexico Club Premier | 1 : 1 |
| Air Canada Aeroplan | 1 : 1 |
| Air France KLM Flying Blue | 1 : 1 |
| Avianca LifeMiles | 1 : 1 |
| British Airways (Avios) | 1 : 1 |
| Cathay Pacific Asia Miles | 1 : 1 |
| Choice Hotels (Choice Privileges) | 1 : 1 |
| Emirates Skywards | 1 : 1 |
| Etihad Airways Etihad Guest | 1 : 1 |
| EVA Air Infinity MileageLands | 2 : 1.5 |
| Finnair Plus | 1 : 1 |
| Qantas Frequent Flyer | 1 : 1 |
| Qatar Airways Privilege Club | 1 : 1 |
| Singapore Airlines Krisflyer | 1 : 1 |
| TAP Air Portugal (Miles&Go) | 1 : 1 |
| Turkish Airlines (Miles&Smiles) | 1 : 1 |
| Virgin Red | 1 : 1 |
| Wyndham Rewards | 1 : 1 |
Capital One VentureOne Rewards Review: Guru’s Wrap-up
Capital One VentureOne Rewards is a decent option if you are looking for a no-cost travel credit card. The welcome offer of 40,000 miles is the best we have seen. It is also a good bonus when compared to other no-fee cards, and it only requires $1,000 in spending. The card also gives you access to more than15 travel partners where you can extract even more value from your miles.
But one major drawback is that you only earn 1.25X miles for your purchases. There are other cards with no fee that earn 2% cash back, or 5% on rotating categories. So it doesn’t make sense to put much spend on this card, beyond the welcome bonus requirement.
If you have a good to excellent credit score and don’t mind paying an annual fee for more travel perks and a bigger bonus, then you can find cards that ill suit you better. Some options include Capital One Venture, Capital One Venture X, Chase Sapphire Preferred.
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