If you are looking for a no-annual-fee travel credit card that gives you moderate bonus and rewards, Capital One VentureOne Rewards Credit Card is one of the best credit cards for what you need. It offers 20,000 bonus miles after qualified spending, redeemable for $200 in travel, and rewards you 1.25 miles for every dollar you spend on every purchase. It has no foreign transaction fees, which helps international travelers save money when making purchases abroad.
- Bonus: Earn 20,000 miles when you spend $500 in purchases within 3 months from account opening, which can be redeemed for $200 in travel credit.
- Rewards: You will earn unlimited 1.25 miles for each dollar you spend on every purchase, every day.
- Fees: This credit card has no annual fee. It has no foreign transaction fees, either.
If you spend at least $1,000 on purchases within the first 3 months from account opening, you will receive a one-time bonus of 20,000 miles, which can be redeemed for travel credit of $200. Once you qualify for this bonus, the bonus miles will be applied to your rewards balance within two billing cycles.
You will earn unlimited 1.25 miles for every dollar you spend on purchases. Your rewards miles will never expire for the life of your account and there is no cap to the amount of rewards you can earn on purchases.
How to Redeem Rewards
You can redeem miles for past travel purchases using Capital One Purchase Eraser or redeem miles to book new travel reservations. Other than travel, you may also redeem rewards for cash in the form of a check or account credit, gift cards and more. Rates for non-travel redemption options vary and are subject to change. You can log in to your Capital One online account to see available redemption offers.
To redeem rewards for past travel, you can simply go online at capitalone.com to use its Purchase Eraser feature to redeem your miles and receive an account credit for the cost of your travel purchase. Your purchases on airlines, hotels, rail lines, car rental agencies, limousine services, bus lines, cruise lines, taxi cabs, travel agents and time shares are generally eligible travel purchases for Purchase Eraser. Purchase Eraser redemption must be made within 90 days from the date your travel purchase posts to your account. Your account credit is usually applied to your balance within 2 to 3 business days after the redemption. Redemption for a portion of a purchase amount (partial redemption) is available.
You can also redeem miles to book new travel reservations. Simply go online to capitalone.com or contact Capital One Rewards Center to book your flight, car rental or hotel and use your miles to pay for your travel. The number of miles needed for travel redemption varies and is based upon the cost of the travel purchase. The number of redeemed miles is simply the cost of your travel purchase, including taxes and fees, multiplied by 100. For example, if your travel purchase costs $200, you would multiply that by 100 to redeem 20,000 miles. You can redeem miles to fly any airline, stay at any hotel, with no blackout dates.
Rewards Transfer to Travel Partner Loyalty Programs
In addition to rewards redemption, you may be able to transfer your rewards miles to the following 12 leading travel loyalty programs:
|Airline Loyalty Program||Transfer Ratio|
|Aeromexico Club Premier||2 Venture Miles to 1.5 Aeromexico Miles|
|Air Canada Aeroplan||2 Venture Miles to 1.5 Air Canada Miles|
|Air France/KLM Flying Blue||2 Venture Miles to 1.5 Air France Miles|
|Alitalia MilleMiglia||2 Venture Miles to 1.5 Alitalia Miles|
|Avianca LifeMiles||2 Venture Miles to 1.5 Avianca LifeMiles|
|Cathay Pacific Asia Miles||2 Venture Miles to 1.5 Cathay Pacific Miles|
|Etihad Airways Guest||2 Venture Miles to 1.5 Etihad Airways Miles|
|EVA Air Infinity MileageLands||2 Venture Miles to 1.5 EVA Air Miles|
|Finnair Plus||2 Venture Miles to 1.5 Finnair Miles|
|Hainan Airlines Fortune Wings Club||2 Venture Miles to 1.5 Hainan Miles|
|Qantas Frequent Flyer||2 Venture Miles to 1.5 Qantas Miles|
|Qatar Airways Privilege Club||2 Venture Miles to 1.5 Qatar Airways Miles|
Additional Travel Benefits
The Capital One VentureOne Rewards Credit Card has no foreign transaction fees, which can help international travelers save money. Most credit cards typically charge a transaction fee of 3% on your purchases in foreign countries. For example, if you use a credit card to pay $2,500 for purchases or for hotel stays in Canada, Asia, or Europe, you may end up with paying a bill of $2,575 after the 3% foreign-transaction surcharge is priced in. If you may travel abroad, it is always a good idea to carry a credit card with no foreign transaction fees like the Capital One VentureOne Rewards Credit Card, which lets you avoid the annoying foreign transaction fees.
The credit card has no annual fee. Cardholders can keep the card to use without worrying about paying an annual fee to maintain the account.
Required Credit Rating
The Capital One VentureOne Rewards Credit Card is for people with excellent credit rating. If you have a credit score of 740 or more, you may be qualified for the credit card.
Is this the right card for you?
If you like rewards and abundant travel benefits, the Capital One VentureOne Rewards Credit Card would be the right card for you. It offers 20,000 bonus miles and a flat 1.25X rewards on all purchases. It has no foreign transaction fees, which provides cost-saving for travelers. This credit card has no annual fee.
Similar Credit Cards
If you are interested in the Capital One VentureOne Rewards Credit Card, you may also consider a few other travel credit cards with similar benefits.
|Credit Card||Bonus and Rewards||Annual Fee|
|Wells Fargo Active Cash℠ Card||$0|
(rates & fees)
|Capital One Venture Rewards Credit Card||$95|
|Bank of America® Customized Cash Rewards credit card||$0|
|Bank of America® Travel Rewards credit card||$0|
|Bank of America® Premium Rewards® credit card||$95|
|Chase Sapphire Preferred® Card||$95|
|Blue Cash Preferred® Card from American Express||$0 introductory annual fee for the first year, then $95.|
|Blue Cash Everyday® Card from American Express||$0|
|Chase Freedom Unlimited®||$0|
|Chase Freedom Flex℠||$0|
|Capital One Quicksilver Cash Rewards Credit Card||$0|
|Capital One SavorOne Cash Rewards Credit Card||$0|