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Capital One VentureOne Rewards Credit Card review
A no-annual-fee travel card with a long intro APR period on purchases and balance transfers.
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.
- Apply with a good to excellent credit score of 670 or higher.
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20,000
Miles as welcome offer
Up to 1.25x
Miles
$0
Annual fee
0%
Intro purchase APR
for the first 15 months (then 19.24% - 29.24% variable)
Details
| Annual fee | $0 |
|---|---|
| Welcome offer | Earn a bonus of 20,000 miles once you spend $500 on purchases within 3 months from account opening, equal to $200 in travel |
| Rewards | Earn unlimited 1.25x miles on every purchase, every day. Earn 5x miles on hotels and rental cars booked through Capital One Travel |
| Purchase APR | 0% intro for the first 15 months (then 19.24% - 29.24% variable) |
| Balance transfer APR | 0% intro for the first 15 months (then 19.24% - 29.24% variable) 3% fee on the amounts transferred within the first 15 months |
| Minimum credit score | 670 |
| Issuer | Mastercard |
cta text | Apply now |
Review by
Kliment Dukovski
kliment.dukovski@findercrew.comKliment Dukovski is a personal finance writer at Finder, specializing in investments and cryptocurrency. He's written more than 700 articles to help readers compare the best trading platforms, understand complex investment terms and find the best credit cards for their needs. His expert commentary has been featured in such digital publications as Fox Business, MSN Money and MediaFeed. He’s also well-versed in money transfers, home loans and more — breaking down these topics into simple concepts anyone can understand. In another life, Kliment 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 and balance transfers. After the intro period you’ll have a purchase APR of 19.24% to 29.24% variable. You’ll also pay a 3% fee on balance transfers made during the intro period.But what makes this card special, is the solid signup bonus of 20,000 miles after you spend $500 on purchases during your first 3 months. As well as the solid 1.25x miles on all purchases. In fact, this aspect of the card just got even better. Now you can earn 5x miles on hotels and rental cards booked through Capital One Travel. And at long last, Capital One has implemented a 1:1 ratio transfer tier to its travel partners, something that has long been a sore spot for the provider.
Thanks to these small additions and the return of the balance transfer offer to the card, the Capital One VentureOne Rewards Credit Card is an excellent low-cost travel card choice.
How do I apply for the Capital One VentureOne Rewards Credit Card card?
Apply for the Capital One VentureOne Rewards Credit Card by doing the following. To apply for the card, you must be at least 18 years old and a US citizen or a permanent resident of the US.
Capital One usually makes a decision within 60 seconds, but in some cases it can take up to 10 business days. After approval, your card arrives by mail within 10 business days.
- Learn more about how to apply for Capital One VentureOne Rewards Credit Card.
- Fill out the requested information and choose Submit.
Capital One VentureOne Rewards Credit Card benefits
Signup bonus.
Earn 20,000 bonus miles after you spend $500 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. You’ll also earn 5x miles on hotels and rental cars booked through Capital One Travel. You can transfer these points at a 1:1 ratio to several airlines, including Air Canada, British Airways, Emirates Airlines, Air France KLM, Singapore Airlines and Turkish Airlines.
Intro APR period on purchases and balance transfers.
Get a 0% intro APR on purchases and balance transfers for the first 15 months your account is open. After that, a variable APR of 19.24% - 29.24% applies. You’ll pay a 3% fee on balance transfers made during the intro period.
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.
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, 15 months promotional APR and 1.25 miles on the dollar, a travel card like VentureOne seemed like a good option.
It took me about five minutes to get approved for a $5,000 limit with a variable APR of 29.24%. 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.
Capital One VentureOne Rewards Credit Card drawbacks
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.
Potentially high APR.
Depending on your creditworthiness, you might end up with an APR of 29.24% 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.
Compare three Venture credit cards
Compare the VentureOne Card side-by-side with Capital One Venture Rewards Credit Card and Capital One VentureOne Rewards for Good Credit.
Capital One VentureOne Rewards Credit Card |
Capital One Venture Rewards Credit Card |
Capital One VentureOne Rewards for Good Credit |
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★★★★★ |
★★★★★ |
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Minimum credit score 670 |
Minimum credit score 670 |
Minimum credit score 670 |
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Annual fee $0 |
Annual fee $95 |
Annual fee $0 |
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Purchase APR 0% intro |
Purchase APR 20.24% to 28.24% variable |
Purchase APR 29.74% variable |
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Balance transfer APR 0% intro for the first 15 months (then 19.24% - 29.24% variable) 3% fee on the amounts transferred within the first 15 months |
Balance transfer APR 20.24% to 28.24% variable |
Balance transfer APR 29.74% variable |
|
Rewards Up to 1.25x miles |
Rewards Up to 5x miles |
Rewards Up to 5x miles |
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Welcome offer Earn a bonus of 20,000 miles once you spend $500 on purchases within 3 months from account opening, equal to $200 in travel |
Welcome offer
Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel |
Welcome offer N/A |
Compare even more credit cards
Compare Capital One VentureOne Rewards Credit Card with other cards
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 2021, 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.
Frequently asked questions
What does the card’s signup bonus look like?
After you spend $500 on purchases in the first 3 months of card membership, you’ll earn 20,000 bonus miles — which are worth $200.
What’s considered a travel purchase for Purchase Eraser?
Purchases made on airlines, hotels, rail lines, car rental agencies, limousine services, bus lines, cruise lines, taxi cabs, travel agents and time shares are considered travel purchases. Ultimately, it depends on the category code assigned to the merchant.
Credit card ratings
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
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