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Capital One VentureOne Rewards Credit Card – Full Review [2023]

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Jarrod West

Jarrod West

Senior Content Contributor

Countries Visited: 21U.S. States Visited: 24

Boasting a portfolio of over 20 cards, Jarrod has been an expert in the points and miles space for over 6 years. He earns and redeems over 1 million points per year and his work has been featured in o...
Edited by: Stella Shon

Stella Shon

Compliance Editor & Content Contributor

Countries Visited: 25U.S. States Visited: 22

With a degree in media and journalism, Stella has been in the points and miles game for more than 6 years. She most recently worked as a Corporate Communications Analyst for JetBlue. Find her work in ...
& Kellie Jez

Kellie Jez

Director of Operations & Compliance

Countries Visited: 10U.S. States Visited: 20

Kellie’s professional experience has led her to a deep passion for compliance, data reporting, and process improvement. Kellie’s learned the ins and outs of the points and miles world and leads UP’s c...

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Terms Apply / Rates & Fees

Capital One VentureOne Rewards Credit Card

U.P. Rating
The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.
4
  • 20,000 miles

  • $0

  • 19.99% - 29.99% (Variable),0% intro on purchases for 15 months

  • Good to Excellent (670-850)

Capital One VentureOne Rewards Credit Card

The card offers unlimited miles at 1.25x per $1 and no annual fee. When you consider the flexible rewards, frequent travelers come out on top.

U.P. Rating
The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.
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Learn More

(at Capital One's secure site)

Interested in a travel rewards credit card without one of those pesky annual fees? Then say hello to the Capital One VentureOne Rewards Credit Card, the no-annual-fee version of the more popular Capital One Venture Rewards Credit Card.

In addition to no annual fee, the Capital One VentureOne card offers no foreign transaction fees.

But is this card worth its salt, or is it merely a shell of the more popular Capital One Venture card?

Summary
Card Details
Pros & Cons
More Reads

20,000 miles

Learn More

(at Capital One's secure site)

Great Card If

  • You want a travel rewards card with no annual fee
  • You want a card with flexible redemption options, including transfer partners

Don’t Get If

  • You want a card with a stronger earning rate than 1.25x miles per $1
  • You want a card with multiple bonus categories
  • You want a card that features luxury travel benefits like airport lounge access or hotel elite status
  • You prefer a cash-back card

Capital One VentureOne Card — Is It Worth It?

If you don’t consider yourself a frequent traveler but enjoy the occasional trip and prefer a rewards card with no annual fee, the Capital One VentureOne card might be a good option for you.

With no foreign transaction fees, there’s no need to fear extra charges when using your card overseas.

The card also offers flexible redemption options for those who value choice when it comes to how they redeem their hard-earned miles.

Capital One VentureOne Card Top Benefits

Access to Capital One Transfer Partners

One of the best perks about the Capital One VentureOne card is that it earns Capital One miles that can be transferred to multiple great airline and hotel transfer partners to give you fantastic value.

Access to Capital One Dining

With Capital One Dining, you can access cardholder-only reservations at award-winning restaurants and tickets to curated culinary events.

Card Protections

Your Capital One Venture card gives you the following protections:

  • Rental Car Insurance — Receive secondary coverage for collision damage and theft on domestic rentals and primary coverage for international rentals.
  • Extended Warranty Coverage — When purchasing an item with your Capital One Venture card, and the manufactures warranty is 3 years or less, Capital One will double the length of the warranty.

How To Earn and Redeem Your Capital One Miles

As mentioned, you’re obviously going to earn an uncapped 1.25x miles per $1 for every purchase you make with the card, but what else can you do to earn yourself more miles? Well, our guide on the top ways to earn as many Capital One miles as possible shows you how to do just that.

Since your Capital One miles are transferable, there are many great ways to redeem Capital One miles for huge value like first and business class flights and 5-star hotel stays.

Alternative Card to the Capital One VentureOne Card

Chase Sapphire Preferred® Card

If you want a great travel rewards card and are willing to fork over an annual fee to get one, the Chase Sapphire Preferred card is an excellent option.

The Chase Sapphire Preferred card earns 5x points per $1 for travel purchases through the Chase travel portal, 3x points per $1 on dining, online grocery, and select streaming purchases, and 2x points per $1 spent on all other travel purchases. Plus, it features no foreign transaction fees and flexible redemption options — including transfer partners!

In fact, Chase Ultimate Rewards points are some of the most valuable loyalty currencies out there and can be redeemed for huge value. The card packs a ton of benefits for its $95 annual fee, and for many, it is worth every penny.


Check out our comparisons of the Capital One VentureOne card and a number of popular cards:


For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.

The information regarding the Capital One Platinum Credit Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.

Frequently Asked Questions

About Jarrod West

Boasting a portfolio of over 20 cards, Jarrod has been an expert in the points and miles space for over 6 years. He earns and redeems over 1 million points per year and his work has been featured in outlets like The New York Times.

Disclaimer: Any comments listed below are not from the bank advertiser, nor have they been reviewed or approved by them. No responsibility will be taken by the bank advertiser for these comments.

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