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.
Earn unlimited 1.25x miles on every purchase, every day. Earn 5X miles on hotels and rental cars booked through Capital One Travel.
0% intro for the first 15 months (then 14.99% to 24.99% variable)
Minimum Credit Score
|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 14.99% to 24.99% variable)|
|Balance transfer APR||0% intro for the first 15 months (then 14.99% to 24.99% variable)|
|Minimum Credit Score||670|
Kliment Dukovski is an investments writer who has written over 600 articles to help readers find and compare the best financial options. 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 reviewCapital 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. After the intro period you’ll have a purchase APR of 14.99% to 24.99% variable.
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?
You can 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.
- Select Apply now.
- Fill out the requested information and click submit.
Capital One VentureOne Rewards Credit Card benefits
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 an unlimited 1.25x miles on all of your purchases. As of October 2021 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 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.
Case study: Anna’s experience
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 24.99%. 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.
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.
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
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 24.99% 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 travel credit cards
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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.
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.
Capital One Quicksilver Cash Rewards Credit Card: What’s changed?
|10/19/2021||Added: 0% intro APR on balance transfers for 15 months; 3% balance transfer fee; Earn 5x miles on hotels and rental cards booked through Capital One Travel|
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