Capital One VentureOne Rewards Credit Card Review

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Overview

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.

Card Benefits

Sign-up Bonus

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.

Earn Rewards

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 ProgramTransfer Ratio
Aeromexico Club Premier2 Venture Miles to 1.5 Aeromexico Miles
Air Canada Aeroplan2 Venture Miles to 1.5 Air Canada Miles
Air France/KLM Flying Blue2 Venture Miles to 1.5 Air France Miles
Alitalia MilleMiglia2 Venture Miles to 1.5 Alitalia Miles
Avianca LifeMiles2 Venture Miles to 1.5 Avianca LifeMiles
Cathay Pacific Asia Miles2 Venture Miles to 1.5 Cathay Pacific Miles
Etihad Airways Guest2 Venture Miles to 1.5 Etihad Airways Miles
EVA Air Infinity MileageLands2 Venture Miles to 1.5 EVA Air Miles
Finnair Plus2 Venture Miles to 1.5 Finnair Miles
Hainan Airlines Fortune Wings Club2 Venture Miles to 1.5 Hainan Miles
Qantas Frequent Flyer2 Venture Miles to 1.5 Qantas Miles
Qatar Airways Privilege Club2 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.

Additional Information

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 cardĀ 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 CardBonus and RewardsAnnual Fee
Wells Fargo Active Cash CardWells Fargo Active Cash℠ Card
  • New! Earn a $200 cash rewards bonus after spending $1,000 on purchases in the first 3 months
  • Unlimited 2% cash rewards on purchases
  • $0
    (rates & fees)
    Capital One Venture Rewards Credit CardCapital One Venture Rewards Credit Card
  • Enjoy a one-time bonus of 60,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $600 in travel
  • Unlimited 2X miles on every purchase, every day
  • $95
    Bank of America Customized Cash Rewards Credit CardBank of America® Customized Cash Rewards credit card
  • $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening
  • 3% cash back in the category of your choice, automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases
  • If you're a Preferred Rewards member, you can earn 25% - 75% more cash back on every purchase. That means you could earn up to 5.25% cash back on purchases in your choice category.
  • $0
    Bank of America Travel Rewards Credit CardBank of America® Travel Rewards credit card
  • 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases
  • Unlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees and your points don't expire
  • $0
    Bank of America Premium Rewards Credit CardBank of America® Premium Rewards® credit card
  • Receive 50,000 online bonus points - a $500 value - after you make at least $3,000 in purchases in the first 90 days of account opening
  • Unlimited 2 points for every $1 you spend on travel and dining purchases. Plus, earn 2 points for every $1 spent on grocery store purchases - now through 12/31/21
  • 1.5 points for every $1 you spend on all other purchases. No limit to the points you can earn and your points don't expire
  • $95
    Chase Sapphire Preferred CardChase Sapphire Preferred® Card
  • Our best offer ever! Earn 100,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,250 when you redeem through Chase Ultimate Rewards®.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 100,000 points are worth $1,250 toward travel.
  • 2X points on dining including eligible delivery services, takeout and dining out and travel. Plus, earn 1 point per dollar spent on all other purchases.
  • $95
    Blue Cash Preferred Card from American ExpressBlue Cash Preferred® Card from American Express
  • 20% back on Amazon.com purchases on the Card within the first 6 months of Card Membership, up to $200 back.
  • Plus, earn $150 back after you spend $3,000 in purchases on the Card within the first 6 months of Card Membership. You will receive cash back in the form of statement credits.
  • 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%).
  • 6% Cash Back on select U.S. streaming subscriptions.
  • 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more).
  • 1% Cash Back on other purchases.
  • $0 introductory annual fee for the first year, then $95.
    (fees)
    Blue Cash Everyday Card from American ExpressBlue Cash Everyday® Card from American Express
  • 20% back on Amazon.com purchases on the Card in the first 6 months of Card membership, up to $150 back.
  • Plus, earn $100 back after you spend $2,000 in purchases on your new Card within the first 6 months of card membership. You will receive cash back in the form of statement credits.
  • 3% Cash Back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%).
  • 2% Cash Back at U.S. gas stations and at select U.S. department stores.
  • 1% Cash Back on other purchases.
  • $0
    (fees)
    Chase Freedom UnlimitedChase Freedom Unlimited®
  • A $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
  • 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.
  • Unlimited 1.5% cash back on all other purchases.
  • 5% on Chase travel purchased through Ultimate Rewards®, 3% on dining and drugstores, and 1.5% on all other purchases.
  • $0
    Chase Freedom FlexChase Freedom Flex℠
  • A $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
  • 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter!
  • 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.
  • 5% on Chase travel purchased through Ultimate Rewards®, 3% on dining and drugstores, and 1% on all other purchases.
  • $0
    Capital One Quicksilver Cash Rewards Credit CardCapital One Quicksilver Cash Rewards Credit Card
  • One-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening
  • Unlimited 1.5% cash back on every purchase, every day
  • $0
    Capital One SavorOne Cash Rewards Credit CardCapital One SavorOne Cash Rewards Credit Card
  • A one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening
  • Unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart® and Target®), plus 1% on all other purchases. Plus, earn 8% cash back on tickets at Vivid Seats through January 2023
  • $0

    Editorial Note: The editorial content on this page is prepared by CardBenefit staff. Opinions expressed herein are author's alone, not those of the bank, credit card issuer, airlines or hotels, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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