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Capital One® VentureOne® Rewards Credit Card review
Last updated:
A no-annual-fee travel card with a long intro APR period on purchases.
finder.com’s rating: 3.5 / 5
★★★★★
- Get this card if you want a simple travel rewards card.
- Pick something else if you’re looking to earn more miles or want an intro APR period on balance transfers.
- Apply with a good to excellent credit score of 670 or higher.
20,000
Miles as welcome offer
Up to 5x
Miles
$0
Annual fee
0%
Intro purchase APR
for the first 12 months (then 15.49%, 21.49% or 25.49% variable)
Details
| Product Name | Capital One® VentureOne® Rewards Credit Card |
|---|---|
| Card type | Visa |
| Annual fee | $0 |
| Purchase APR | 0% intro for the first 12 months (then 15.49%, 21.49% or 25.49% variable) |
| Balance transfer APR | 15.49%, 21.49% or 25.49% variable |
| Balance transfer fee | 3% |
| Cash advance rate | 25.49% variable |
| Cash advance fee | $10 or 3% of the cash advance amount, whichever is greater |
| Foreign transaction fee | None |
| Interest free period | Up to 25 days |
| Late payment fee | Up to $40 |
| Rates & fees | rates & fees |
Expert review
Review by
Kliment Dukovski
kliment.dukovski@findercrew.comKliment Dukovski is a credit cards writer. He's written over 600 articles to help readers find and compare the best credit cards. Kliment has also written on money transfers, home loans and more. Previously, he ghostwrote guides and articles on foreign exchange, stock market trading and cryptocurrencies.
Expert review
Capital One® VentureOne® Rewards Credit Card is a simple travel rewards card with a $0 annual fee, 0% foreign transaction fees and a long 0% intro APR period on purchases.But what makes this card special, is the solid signup bonus of 20,000 miles , 1.25x miles on all purchases, and 5x miles on Uber Eats until January 31, 2021.
With that said, if you travel occasionally and you don’t want an expensive credit card, the Capital One® VentureOne® Rewards Credit Card could be an option worth considering.
How do I apply for the Capital One® VentureOne® Rewards Credit Card card?
- Go to the provider's site and click Apply now.
How long will it take to get my Capital One® VentureOne® Rewards Credit Card card?
Thanks to an automated approval system, Capital One usually makes a decision within 60 seconds. In some cases, it can take up to 10 business days.
After approval, your card arrives by mail within 10 business days.
The perks
-
Signup bonus.
Earn 20,000 bonus miles after you spend $1,000 on purchases during your first 3 months of card membership. These miles are worth $200 when redeemed for travel rewards.
-
Earn miles.
Earn an unlimited 1.25x miles on all of your purchases, and an unlimited 5x miles on Uber Eats until January 31, 2021.
-
Intro APR period on purchases.
Get a 0% intro APR on purchases for the first 12 months your account is open. After that, a variable APR of 15.49%, 21.49% or 25.49% applies.
-
No annual fee.
Take advantage of all perks of the card without paying an annual fee.
-
No foreign transaction fees.
When you use your card while traveling abroad, you won’t pay a foreign transaction fee. With other cards, you face a fee of up to 3% for each transaction.
-
No penalty APR.
When you make a late payment, you’ll pay only a penalty fee. Other cards may also apply a penalty APR of up to 30%. What’s worse is cards that stick you with that penalty indefinitely.
-
Visa Signature® benefits.
If you apply for the Visa Signature® card, you’ll enjoy such benefits as a 24/7 concierge service, complimentary room upgrades at participating hotels and resorts, car rental insurance, shopping discounts and extended warranties.
How to earn 5x miles on Uber Eats
- Create an Uber Eats account or log in if you already have one.
- Set your Capital One® VentureOne® Rewards Credit Card as a payment method.
- Order your food.
- Earn 5x miles within one or two billing cycles.
Note: Until September 30, 2020, you can use your miles to cover the cost of your Uber Eats food.
Capital One credit card travel insurance
Case study: Anna’s experience
Anna Serio
Writer
Like most millennials, I avoided credit cards for a long time. But I travel a lot and I wanted a way to avoid foreign transaction fees. With no annual or foreign transaction fees, 12 months promotional APR and 1.25 miles on the dollar, a travel card like Venture One seemed like a good option.
It took me about five minutes to get approved for a $5,000 limit with a variable APR of 25.49%. It was easier than I’d expected, though I was alarmed that Capital One didn’t make it obvious when it checked my credit. While the miles haven’t exactly netted me a free flight to Europe, every few months I earn enough points to cover a $122 MetroCard. I obsessively pay off my balance as soon as each purchase clears — a habit that got my credit limit bumped up to $7,500 after about six months.
How can I redeem the miles I earn?
-
Use Purchase Eraser.
After booking your travel with your Capital One® VentureOne® Rewards Credit Card card, log in to your Capital One account or call the rewards center to take advantage of Purchase Eraser, which allows you to redeem your miles toward credit for the amount you spent on your travel. You must use this feature within 90 days of your purchase.
-
Book travel.
Log in to your Capital One account or call the rewards center to book your flight, hotel or car rental with your miles. The value of 100 miles is $1 toward a travel booking.
-
Nontravel redemption.
Redeem your miles for cash back in the form of a check or statement credit. You can also redeem miles for merchandise or gift cards. The value of your miles for these types of redemption vary.
What to watch out for
-
Credit line.
With this card, the minimum credit line you can receive is $1,000. But if you have an excellent credit score and low utilization, you may see a higher credit limit.
-
No intro APR period on balance transfers.
The card comes with an intro APR period on purchases, but not on balance transfers. If you’re looking to consolidate debt, compare balance transfer cards with a long intro APR period.
-
Potentially high APR.
Depending on your creditworthiness, you might end up with an APR of 25.49% variable, which is considerably higher than the average of 16%. However, if you pay your balances on time and in full, the APR may not matter.
Which card will I get: Visa Signature® or Visa Platinum?
If your approved credit line is $5,000 or more, you’ll get the Visa Signature® card. Otherwise, you’ll get the Visa Platinum card.
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What should I know before I apply?
To apply for the card, you must be at least 18 years old and a US citizen or a permanent resident of the US.
You’ll also need to such provide information as:
- Your full name and contact information.
- Your date of birth and Social Security number.
- Your financial information, including employment details and your annual income.
You can request a balance transfer with your application. And if you prefer communication in Spanish, you can select it as your preferred language.
If you have an existing Capital One account or had an account previously, you may not be eligible for the signup bonus.
What credit score do I need?
Apply with good to excellent credit score of 670 or higher. To get a higher credit line and a low APR, apply with an excellent credit score.
Capital One® VentureOne® Rewards Credit Card reviews and complaints
Most customers are happy with the size of this card’s signup bonus and its credit line. Complaints revolve around high APRs some customers say they received.
As of October 2020, Capital One earns an A from the Better Business Bureau, which accredited the bank in 1995.
I got the card. Now what?
- Download the app. With the Capital One Mobile app, you can pay your bills or send money to your friends and family from your phone. If lose your card, lock your account through the app and unlock it when you find it. You can also get notifications for every transaction you make and more.
- Pay on time. Pay your balance when it’s due to avoid paying late fees and unnecessary interest.
- Get help. Call Capital One’s customer service at 800-227-4825 with any questions or issues.
Bottom line
If you’re looking for a simple, no-annual-fee travel card, the Capital One® VentureOne® Rewards Credit Card might be for you with its unlimited miles on all purchases.
If you travel more often and you spend more money with your card, the Capital One® Venture® Rewards Credit Card could result in stronger rewards. Or compare other travel rewards cards to find the best fit for your needs and lifestyle.
Compare Capital One travel cards
Frequently asked questions
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