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Serious points and miles earners may find much more value in some of Capital One’s bigger hitters, but those who don’t like annual fees or extra gimmicks may be satisfied with the Capital One VentureOne Rewards Credit Card. Earning 5 miles per dollar on hotels and rental cars booked through Capital One Travel and 1.25 miles per dollar on every other purchase with no earning caps, the card gets additional major value from the myriad of extra benefits standard on most Capital One cards. Capital One VentureOne Rewards Credit Card Welcome Bonus 20,000 miles Regular APR 17.99% - 27.99% (Variable) Credit Score Excellent, Good Pros
Cons
Highlights
IntroductionThe Capital One VentureOne credit card provides moderate rewards with an unlimited 5 miles per dollar on hotels and rental cars booked through Capital One Travel and 1.25 miles per dollar on every other purchase and a welcome bonus of 20,000 miles after spending $500 on purchases within 3 months from account opening, equal to $200 in travel. It also offers a 0% intro APR on purchases and balance transfers for 15 months; 17.99% - 27.99% variable APR after that; 3% fee on the amounts transferred within the first 15 months. Though not as rewarding as its beefier peer, the Capital One Venture, for the casual rewards earner the appeal may lie in the card’s lack of an annual fee and the ability to transfer miles to qualifying partner hotel and airline programs. This means that rewards, which would normally be valued at one cent per mile, could be worth more. Although maximizing rewards this way comes with plenty of fine print and details to watch, the flexibility is worth taking note of. The simplicity in VentureOne’s rewards earning might appeal to those without a desire for the complex systems of rotating capped earning categories offered by other cards. Depending on the version of the card you are approved for, the extra travel benefits, like no foreign transaction fees, car rental damage coverage and travel accident insurance can create additional incentives for domestic and international travelers alike. The card is worth considering as a solid all-around rewards card not because of its earning rate (which actually don’t compare as well to some no-annual-fee cash back competitors) but because of these extra benefits. The perks of Capital One could, for the right customer, outweigh the slightly-better rewards of higher reward-yielding competition. At a Glance
RewardsEarning RewardsCardholders will earn 5 miles per dollar on hotels and rental cars booked through Capital One Travel and 1.25 miles per dollar on every other purchase which are earned automatically with the VentureOne. The lack of caps means no need to calculate limits and rewards do not expire as long as the account remains open. A welcome bonus is available for the card: 20,000 miles after spending $500 on purchases within 3 months from account opening, equal to $200 in travel. Redeeming RewardsAs the VentureOne card is a travel rewards card, redeeming miles can be a bit more complicated than earning them. Miles may be redeemed for both past travel purchases made on the card and new travel purchases at a dollar value of one cent per mile with no minimum. Rewards earned with this card may be transferred to other Capital One accounts or to specific participating loyalty program accounts. Using a transfer to an account that may value miles or points at a higher cash equivalence can be and often is the most effective way to maximize mile to dollar value, but requires that time be put in ahead of time to also understand the transfer program’s rules and limitations. Rewards PotentialTo determine the rewards potential of the Capital One VentureOne card we have to calculate what an example American household might spend on a credit card. Forbes Advisor uses data from various government agencies in order to determine both baseline income and spending averages across various categories. The 70th percentile of wage-earning households bring in $107,908 annually and we base spending on that number. Forbes Advisor estimates that the household has $32,072 in expenses that can be reasonably charged to a credit card. Earning 5 miles per dollar on hotels and rental cars booked through Capital One Travel and 1.25 miles per dollar on every other purchase, this household would net 48,497 Miles in one year, in addition to the welcome bonus earned in the first year. These annual miles would result in $484.97 of value when redeemed for statement credits against travel purchases. 0% Introductory RatesThe Capital One VentureOne credit card offers a 0% intro APR on purchases and balance transfers for 15 months; 17.99% - 27.99% variable APR after that; 3% fee on the amounts transferred within the first 15 months. Other Card Benefits
The Fine PrintInterest Rates
Fees
How The Card Stacks UpCapital One VentureOne Rewards Credit Card vs. Chase Freedom Flex℠With a cash-equivalently similar welcome bonus offer, and comparable introductory APR period, the VentureOne is well matched against the Chase Freedom Flex in several areas. But where the reward earning starts, so do the differences. The VentureOne’s simple rewards model varies wildly from the Freedom Flex’s 5% cash back on up to $1,500 in categories that rotate quarterly (requires activation), 5% on travel purchased through Chase Ultimate Rewards®, 3% on dining and drugstores and 1% on all other purchases. Neither card has an annual fee, but the Chase Freedom Flex does charge a foreign transaction fee. The big difference here is one that must be calculated by each potential cardholder. The VentureOne is a simple-to-understand travel rewards card. The Freedom Flex is a complex cash back card with lots to pay attention to, but could be more rewarding for some. Capital One VentureOne Rewards Credit Card vs. Discover it® MilesThe Discover it® Miles card differs from the VentureOne in several big ways. First, the Discover it® Miles offers 1.5 miles per dollar of every purchase where the VentureOne only offers 1.25. Second, the Discover it® Miles’s reward miles can be credited toward even a minimum payment. Third, the earned reward miles never expire. But the biggest difference between these cards is the welcome bonus. The Discover it® Miles card offers an unlimited match of all the miles earned at the end of the first year. Depending on a cardholder’s spending, one card is likely to come out ahead in terms of the welcome bonus. The Discover it® Miles also offers a 0% intro APR on purchases and balance transfers for the first 15 months of account opening. After that, a variable APR of 14.99% - 25.99% applies. A balance transfer fee of up to 5% of the amount transferred applies. The clear winner of this fairly well matched comparison is the Discover it® Miles, at least for the first year, unless you intend to leverage the VentureOne’s transfer partners. Capital One VentureOne Rewards Credit Card vs. Capital One Venture Rewards Credit CardCapital One’s model seems to involve offering a credit card, like the Capital One Venture, along with a similar, slightly watered-down alternative, like the VentureOne, that has no annual fee. We like to think of it as roughly the same card, but for the more casual spender. Offering 5 miles per dollar on hotels and rental cars booked through Capital One Travel and an unlimited 2 miles per dollar spent on other purchases, the Venture trumps the VentureOne’s 5 miles per dollar on hotels and rental cars booked through Capital One Travel and 1.25 miles per dollar on every other purchase. It also offers a higher welcome bonus, but requires more spending to qualify. It has no 0% introductory APR and the standard rate APR is higher, but it offers expanded benefits like reimbursement for up to $100 for Global Entry or TSA PreCheck application fees every four years. It essentially offers the same benefits and more. What’s the catch? A $95 annual fee. Related: Best Credit Cards of 2022 Capital One VentureOne Rewards vs. Other CardsIs The Card For You?Like all of Capital One’s cards that have a “One” postfixed to the name, the VentureOne card is the casual alternative to its more hefty sibling, the Capital One Venture. This doesn’t limit the card’s viability for some consumers, however. The Capital One VentureOne offers a casual travel card with powerful additional benefits and decent rewards. Overall, the VentureOne is worth a look but likely falls short of many excellent-credit-level all-around reward cards.
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Something went wrong. Please try again later. Does Capital One Venture One have foreign transaction fees?The Capital One VentureOne Rewards Credit Card also travels well internationally; it charges no foreign transaction fees, and it's a Mastercard (and therefore widely accepted).
Do all Capital One cards have no foreign transaction fee?The Capital One foreign transaction fee is $0 on all of its cards. This means you won't be charged extra on transactions processed outside of the United States, whether it's a purchase at a physical location in a foreign country, or an online transaction through an internationally-based merchant.
Can I use my Capital One Venture card internationally?You can use your card abroad the same as you use it at home.
You don't need to notify us about your travel plans anymore thanks to the added security of your Capital One chip card.
Does the Venture Card have international fees?You won't pay a transaction fee when making purchases outside of the United States.
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Capital one venture no foreign transaction fee
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