Capital One VentureOne Rewards Credit Card

Quick Snapshot

• Annual Fee: $0
• APR: 0% intro for 15 months, then 19.99%–29.99% variable
• Rewards: 1.25X miles on everything, 5X on Capital One Travel
• Bonus: 20,000 bonus miles + $100 travel credit
• Best For: No-fee travel rewards, intro 0% APR, occasional travelers
• Credit Needed: Good to Excellent (700+)

Overview

The Capital One VentureOne Rewards Credit Card is a no annual fee travel rewards card that offers unlimited 1.25X miles on every purchase. With enhanced earning through Capital One Travel, a 0% intro APR period, and a generous one-time travel credit, this card is perfect for those who want travel rewards without paying an annual fee.

Designed as an entry-level travel card, the VentureOne balances everyday value with travel perks—no annual fee means zero ongoing cost, while the 1.25X miles on all purchases (worth 0.625% when redeemed for travel) provides consistent returns. The 0% intro APR for 15 months makes it ideal for large purchases or balance transfers, and the $100 Capital One Travel credit adds immediate value in your first year.

APR Breakdown

• Purchase APR: 0% intro APR for 15 months, then 19.99%–29.99% variable APR
• Balance Transfer APR: 0% intro APR for 15 months, then 19.99%–29.99% variable APR
• Cash Advance APR: Variable APR
• Penalty APR: None

Note: Extended 15-month intro period on purchases and balance transfers. Balance transfer fee of 3% applies (minimum $3).

Benefits Overview

Travel Benefits

• 5X miles on hotels, vacation rentals, rental cars, and activities booked through Capital One Travel
• One-time $100 Capital One Travel credit (expires after first year)
• No foreign transaction fees for international purchases
• Auto rental collision damage waiver (secondary coverage)
• 24-hour travel assistance services for emergencies
• Travel accident insurance for common carrier travel

Everyday Benefits

• 1.25X miles on every purchase with no caps or limits
• 0% intro APR for 15 months on purchases and balance transfers
• Fraud coverage with zero liability protection
• Free Credit Score Access via Capital One CreditWise
• Miles never expire for the life of your account
• Multiple redemption options

Lifestyle Benefits

• 5X miles on purchases made through Capital One Entertainment
• Redeem miles for travel, cash back, gift cards, or statement credits
• No annual fee ever
• Simple earning structure with no categories to track or activate
• Mobile app with account management and spending insights

Rewards Structure

• 1.25X miles on every purchase, every day with no limits or caps
• 5X miles on hotels, vacation rentals, rental cars, and activities booked through Capital One Travel
• 5X miles on purchases made through Capital One Entertainment
• Miles never expire for the life of your account
• Redemption value: Miles worth 0.5 cents each for cash back, or 1 cent each when redeemed for travel through Capital One Travel
• Redemption options: Travel, cash back, gift cards, statement credits

Simple and straightforward: earn 1.25X on everything, 5X on Capital One Travel, no category tracking required.

Welcome Bonus

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

Plus: Eligible VentureOne primary account holders receive a one-time $100 Capital One Travel credit to use toward purchases made through Capital One Travel. The credit expires after the first year of account opening.

Total Welcome Value: $300 ($200 from bonus miles + $100 travel credit) — excellent value for just $500 in spending.

Fees Summary

• Annual Fee: $0
• Foreign Transaction Fee: 0%
• Balance Transfer Fee: 3% of each transfer (minimum $3)
• Cash Advance Fee: Varies
• Late Payment Fee: Up to $40
• Returned Payment Fee: Up to $40

Who This Card Is Best For

Ideal For

• Occasional travelers who want travel rewards without annual fees
• Balance transfer seekers needing 15 months of 0% APR
• Budget-conscious spenders who want rewards without ongoing costs
• Entry-level travel enthusiasts starting their rewards journey
• International travelers who value no foreign transaction fees
• Capital One ecosystem users who can maximize 5X rewards through Capital One Travel
• Those making large purchases who can benefit from 0% intro APR

Not Good For

• Frequent travelers who can justify premium card annual fees for better rewards
• High spenders who would earn more with a 2X card (like Venture)
• Category optimizers seeking 3%+ rewards in specific areas
• Welcome bonus hunters (modest 20,000-mile bonus)
• Those with fair/average credit (requires good to excellent credit for approval)
• Cash back maximizers (miles worth only 0.5 cents each for cash back)

Key Pros & Cons

Pros

• No annual fee makes it accessible for everyday use
• Extended 0% intro APR period (15 months on purchases and balance transfers)
• Solid 1.25X miles earning rate on all purchases with no category restrictions
• Welcome bonus includes both miles and $100 travel credit
• Enhanced 5X earning on travel and entertainment through Capital One platforms
• No foreign transaction fees for international purchases
• Miles never expire for the life of your account
• Great entry-level travel rewards card without annual commitment
• Auto rental collision damage waiver and travel accident insurance

Cons

• Lower base earn rate (1.25X miles) compared to premium travel cards
• Miles have lower redemption value for cash back (0.5 cents each)
• Best rewards require booking through Capital One Travel portal
• Variable APR can be high (up to 29.99%) after intro period
• Balance transfer fee applies (3% of each transfer)
• Fewer premium travel benefits compared to cards with annual fees
• $100 travel credit expires after first year (not recurring)

Alternatives to Consider

Card	Best For	Annual Fee	Rewards	Credit Needed
Capital One Venture	Better travel rewards	$95	2X–5X miles	Good+
Chase Freedom Unlimited®	Better cash back tiers	$0	3%–1.5% tiered	Good+
Discover it® Miles	Cashback match first year	$0	1.5X miles (3X first year)	Good
Bank of America® Travel Rewards	Simple no-fee travel	$0	1.5 points unlimited	Good+

How the Rewards Add Up

Example Annual Value

If you spend $15,000 per year on typical expenses:

Category	Annual Spend	Reward Rate	Earned Value
All purchases	$14,000	1.25X miles	$87.50
Capital One Travel bookings	$1,000	5X miles	$50
Welcome bonus (Year 1)	—	—	$200
Travel credit (Year 1)	—	—	$100

First Year Total Value: $437.50
Ongoing Annual Value: $137.50

With no annual fee, this entire value is pure profit. While the ongoing rewards rate is modest, the zero annual fee makes it a solid option for occasional travelers.

Note: Miles are worth 0.5 cents each when redeemed for travel through Capital One Travel, or less when redeemed for cash back.

Should You Get This Card?

You Should Get It If…

• You want travel rewards without paying an annual fee
• You need a 0% intro APR period for purchases or balance transfers
• You can spend $500 in 3 months to earn the welcome bonus
• You travel internationally and need no foreign transaction fees
• You're new to travel rewards and want a simple entry-level card
• You book travel occasionally and can benefit from 5X on Capital One Travel
• You value flexibility and don't want to commit to an annual fee
• You prefer miles over cash back even with modest earning rates

You Should Skip It If…

• You're a frequent traveler who can justify a premium card's annual fee
• You want the best earning rate (2X or higher) and don't mind paying $95/year
• You're specifically looking for strong cash back (not travel miles)
• You prefer category-specific rewards over flat earning
• You have fair/average credit and won't qualify
• You want premium travel benefits like lounge access or trip insurance
• You need maximum first-year value from a large welcome bonus

Maximizing Your Rewards

Tips to Get the Most Value:

1. Use for all spending during the 15-month 0% intro period
2. Book travel through Capital One Travel to earn 5X instead of 1.25X miles
3. Use the $100 travel credit in your first year (it expires after 12 months)
4. Transfer balances strategically to save on interest (3% fee applies)
5. Monitor Capital One Entertainment for 5X opportunities on event tickets
6. Redeem for travel (0.5 cents per mile) not cash back for better value
7. Use abroad for all international purchases (no foreign transaction fees)
8. Pay in full after intro period to avoid high variable APR

Spending Strategy:

• VentureOne for all purchases to earn 1.25X miles universally
• Book hotels, rental cars, and flights through Capital One Travel for 5X
• Pair with a category card for 3%+ in specific areas if desired
• Use exclusively for travel purchases abroad (no foreign fees)

First Year Strategy:

1. Hit the $500 minimum spend in first 3 months (earn 20,000 bonus miles)
2. Use the $100 travel credit within first year (book through Capital One Travel)
3. Make large purchases during 0% intro period to maximize interest savings
4. Consider balance transfers to consolidate debt at 0% APR (15 months)

Mile Valuation:

• Travel redemptions: 0.5 cents per mile (1.25X = 0.625% return)
• Cash back redemptions: 0.5 cents per mile (1.25X = 0.625% return)
• Gift cards: Typically 0.5 cents per mile
• Statement credits: 0.5 cents per mile

Tip: Unlike higher-tier Capital One cards, VentureOne miles are worth the same whether redeemed for travel or cash back (0.5 cents each), so choose whichever redemption option suits your needs.

Apply Now

Apply for Capital One VentureOne Rewards Credit Card

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