Capital One VentureOne Rewards Credit Card

Quick Snapshot

• Annual Fee: $0
• APR: 19.74%–29.74% variable
• Rewards: 1.25x miles on everything, 5x on hotels/rentals through Capital One Travel
• Bonus: 20,000 bonus miles after $500 spend in 3 months ($200 value)
• Best For: Budget-conscious travelers, no annual fee seekers, casual travel rewards
• Credit Needed: Good to Excellent (690+)

Overview

The Capital One VentureOne Rewards Credit Card is an accessible entry point into travel rewards without the burden of an annual fee. Earning 1.25 miles per dollar on every purchase, this card offers straightforward rewards accumulation with no rotating categories or spending caps. It's designed for travelers who want to earn miles toward future trips without paying an annual fee.

What makes VentureOne stand out is its combination of simplicity and value. Unlike cards that lock you into specific airline or hotel programs, VentureOne miles can be redeemed flexibly for any travel purchase through Capital One Travel, transferred 1:1 to partner airlines and hotels, or used for statement credits against travel expenses. The 20,000-mile welcome bonus (worth $200 in travel) provides solid initial value for just $500 in spending within three months.

The card shines for occasional travelers who don't want to commit to a premium card's annual fee but still want to accumulate travel rewards on everyday spending. Enhanced earning of 5x miles on hotels and rental cars booked through Capital One Travel adds extra value for those willing to use the portal. With no foreign transaction fees and comprehensive travel protections, VentureOne delivers surprising value for a no-fee card.

APR Breakdown

• Purchase APR: 19.74%–29.74% variable
• Balance Transfer APR: 19.74%–29.74% variable
• Cash Advance APR: 29.99% variable
• Penalty APR: None specified

Note: No introductory 0% APR offer. This card is best for those who pay balances in full monthly rather than carry debt.

Benefits Overview

Travel Benefits

• 5x miles on hotels and rental cars booked through Capital One Travel
• No foreign transaction fees anywhere in the world
• Travel accident insurance for common carrier travel
• 24-hour travel assistance services for emergencies
• Auto rental collision damage waiver (secondary coverage)

Everyday Benefits

• 1.25x miles on every purchase with no caps or limits
• Fraud coverage with zero liability protection
• Free Credit Score Access via Capital One CreditWise
• Miles never expire for the life of your account
• Multiple flexible redemption options

Lifestyle Benefits

• 5x miles on purchases made through Capital One Entertainment
• Redeem miles for travel purchases, statement credits, gift cards, or transfers to partners
• Simple rewards structure with automatic earning
• Mobile app with account management and spending insights

Rewards & Earning Structure

• 1.25 miles per dollar on all purchases with no spending caps
• 5 miles per dollar on hotels and rental cars booked through Capital One Travel
• 5 miles per dollar on Capital One Entertainment purchases
• No earning limits or caps
• Miles never expire as long as account remains open

Redemption Options:

• Transfer partners: 17+ airline and hotel partners at 1:1 ratio (Air Canada Aeroplan, British Airways, Emirates, Flying Blue, Turkish Airlines, JetBlue, Choice Privileges, Marriott Bonvoy, Wyndham Rewards, and more)
• Travel purchases: Redeem at 1 cent per mile for any travel purchase through Capital One Travel
• Statement credit: Cover past travel purchases with miles at 1 cent per mile
• Gift cards: Redeem for gift cards at varying rates
• Cash back: Redeem for cash at varying rates (typically lower value)

The flexibility to transfer to partners OR redeem for any travel at 1 cent per mile provides excellent versatility for a no-fee card.

Welcome Bonus

Earn 20,000 bonus miles after spending $500 on purchases within the first 3 months from account opening.

This welcome bonus is worth approximately $200 when redeemed for travel at the base 1 cent per mile rate. The spending requirement is exceptionally achievable at just $500 over three months (about $167 per month), making it accessible for most cardholders.

When transferred to airline partners, these miles can potentially provide even greater value—for example, using them for short-haul flights or as a boost toward a larger award redemption.

Fees Summary

• Annual Fee: $0
• Foreign Transaction Fee: $0
• Balance Transfer Fee: Either $5 or 3% of the amount transferred, whichever is greater
• Cash Advance Fee: Either $10 or 3% of the amount, whichever is greater
• Late Payment Fee: Up to $40
• Returned Payment Fee: Up to $40
• Authorized User Fee: $0

Who This Card Is Best For

Ideal For

• Casual travelers taking 1-3 trips per year who want travel rewards
• No annual fee seekers who want travel rewards without ongoing costs
• Simple rewards enthusiasts who prefer straightforward earning structures
• International travelers needing no foreign transaction fees
• Travel flexibility lovers who want options to redeem with any airline/hotel
• Those building travel reward strategies without premium card commitments
• Budget-conscious travelers who want to earn miles on everyday spending

Not Good For

• Frequent travelers who can justify premium cards with higher earning rates
• Category optimizers seeking elevated bonuses in specific spending areas
• Cash back preferrers who don't value travel redemptions
• Those seeking premium perks like lounge access or travel credits
• Heavy spenders who can maximize premium cards' earning potential
• Those needing intro 0% APR for purchases or balance transfers

Key Pros & Cons

Pros

• No annual fee makes it a permanent keeper card with no ongoing costs
• Solid 20,000-mile welcome bonus for only $500 spend in 3 months
• 1.25x miles on all purchases means you're always earning toward travel
• Enhanced 5x earning on hotels and rentals through Capital One Travel
• No foreign transaction fees for international purchases
• Flexible redemption options including 17+ transfer partners
• Miles never expire as long as account remains open
• No rotating categories or activation requirements
• Travel accident insurance and rental car coverage included
• Free credit score monitoring via Capital One CreditWise
• Authorized users have no additional fee

Cons

• Lower base earning rate (1.25x) compared to premium travel cards
• No introductory 0% APR offer for purchases or balance transfers
• Variable APR can be high (up to 29.74%) if carrying balances
• 5x travel rewards only apply when booking through Capital One Travel portal
• No annual travel credits or premium benefits
• Limited travel protections compared to premium cards
• Transfer partners are fewer than Chase or Amex ecosystems
• Requires good to excellent credit (690+) for approval
• Portal prices may not always beat booking direct

Alternatives to Consider

How the Rewards Add Up

Example Annual Value

If you spend $20,000 per year on typical expenses:

First Year Total Value: $525
Ongoing Annual Value: $325

With no annual fee, this entire value goes directly toward your travel goals. For someone spending more through Capital One Travel, the value increases significantly.

Partner Transfer Example: Use 15,000 miles to book a domestic round-trip flight through a transfer partner during off-peak seasons, potentially yielding 1.5-2 cents per mile in value.

Should You Get This Card?

You Should Get It If...

• You travel occasionally (1-3 times per year) and want to earn travel rewards
• You want travel rewards without paying an annual fee
• You have good to excellent credit (690+) and qualify
• You can easily meet the $500 spending requirement
• You value simple, straightforward rewards structures
• You travel internationally and need no foreign transaction fees
• You want flexibility to redeem miles for any travel or transfer to partners
• You're building a travel rewards strategy without premium commitments
• You prefer accumulating miles over cash back
• You want a card to keep long-term with no ongoing costs

You Should Skip It If...

• You travel frequently and can maximize premium cards with higher earning rates
• You prefer cash back over travel rewards
• You need elevated category bonuses (3%+ on dining, groceries, etc.)
• You're looking for introductory 0% APR offers
• You want premium perks like lounge access or annual travel credits
• You're loyal to specific airline or hotel programs with cobranded cards
• You carry balances regularly (high APR makes this costly)
• You can't meet even the modest $500 spending requirement
• You prefer rotating 5% categories over flat earning rates
• You never travel and won't redeem for travel purchases

Maximizing Your Rewards

Tips to Get the Most Value:

1. Book travel through Capital One Travel to earn 5x instead of 1.25x miles
2. Use for all everyday spending to accumulate miles consistently
3. Transfer miles to partners for potentially higher value (1.5-2+ cents per mile)
4. Monitor Capital One Entertainment for 5x opportunities on event tickets
5. Pay in full monthly to avoid interest charges that negate rewards value
6. Use abroad for international purchases with zero foreign transaction fees
7. Combine with category cards for elevated earning in specific areas
8. Redeem for high-value travel rather than gift cards or cash back

Spending Strategy:

• VentureOne for all general purchases (1.25x miles)
• Pair with SavorOne for dining/entertainment/groceries (3% cash back)
• Book all hotels and rentals through Capital One Travel (5x miles)
• Use exclusively abroad (no foreign fees)
• Transfer miles to partners for maximum redemption value

Transfer Partner Sweet Spots:

• JetBlue TrueBlue: Domestic flights with good availability
• Turkish Airlines Miles&Smiles: Business class to Europe
• Flying Blue: European destinations with favorable award pricing
• Wyndham Rewards: Hotel stays with good redemption rates

Apply Now

Apply for Capital One VentureOne Rewards Credit Card

Information accurate as of December 2025. Terms and conditions apply. Please visit the issuer's website for the most current information.