Capital One VentureOne review 2023: A no-frills, no-annual-fee travel card 

The Capital One VentureOne Rewards Credit Card * The information for the Capital One VentureOne Rewards Credit Card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer. is ideal for travelers that want simple rewards or to take advantage of Capital One’s transfer partners, but do not want to pay an annual fee. Others should opt for a travel card with higher earnings potential. 

About the Capital One VentureOne Card

The Capital One VentureOne Rewards Credit Card * The information for the Capital One VentureOne Rewards Credit Card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer. is a straightforward travel rewards credit card for those who value ease of use over pricey cards with premium perks. Although it might not give you the most miles per dollar spent, the simple earnings, basic protections and $0 annual fee can make it a valuable addition to your wallet. 

Cardholders earn a flat unlimited 5 miles per $1 on hotels and rental cars booked through Capital One Travel and 1.25 miles per $1 on other purchases. Notably, the card offers a solid welcome bonus, which gives new cardholders 20,000 miles after spending $500 on purchases in the first three months of account opening. 

There is also a 0% intro APR on purchases and balance transfers for 15 months, then a variable APR of 19.99% to 29.99%. There is a 3% fee on each balance transfer in the first 15 months. The intro offer can be helpful for those looking to pay down existing debt or save on a big purchase.

Capital One VentureOne basics

• Annual fee: $0.
• Welcome bonus: Earn 20,000 miles after spending $500 on purchases in the first three months of account opening.
• Rewards: Earn unlimited 5 miles per $1 on hotels and rental cars booked through Capital One Travel and 1.25 miles per $1 on other purchases.
• APR: 0% intro APR on purchases and balance transfers for 15 months, then a variable APR of 19.99% to 29.99%. There is a 3% fee on each balance transfer in the first 15 months.
• Other perks and benefits: Secondary auto rental collision damage waiver, travel accident insurance, extended warranty, $0 fraud liability.¹
• Does the issuer offer a preapproval tool? Yes.
• Recommended credit score: Good to excellent.

Capital One VentureOne other details

Capital One VentureOne rewards and benefits

Cardholders will earn a flat rate of 5 miles per $1 on hotels and rental cars booked through Capital One Travel and 1.25 miles per $1 on other purchases. It is disappointing that this bonus category does not include flights booked through the portal. 

The welcome offer is simple to achieve — you can earn 20,000 miles after spending $500 on purchases in the first three months of account opening. 

Miles are worth a penny a piece when used to book travel through Capital One or taken as a statement credit against travel booked on your card. But you can typically get greater value by transferring them to one of Capital One’s 15+ transfer partners starting at a minimum of 1,000 miles: 

The following partners have a 1:1 transfer ratio:

• Aeromexico Club Premier.
• Aeroplan.
• Asia Miles.
• Avianca LifeMiles.
• British Airways Executive Club.
• Choice Privileges.
• Emirates Skywards.
• Etihad Guest.
• Finnair Plus.
• Flying Blue.
• Qantas Frequent Flyer.
• Singapore Airlines KrisFlyer.
• TAP Miles&Go.
• Turkish Airlines Miles&Smiles.
• Virgin Red.

Capital One has a 2:1.5 transfer ratio with EVA Air Infinity MileageLands, which means you will receive 750 MileageLands points for every 1,000 Capital One miles. Finally, there’s a 2:1 transfer ratio with Accor Live Limitless, which means you will receive 500 points for every 1,000 Capital One miles you transfer.

If you decide to book a flight through the Capital One portal instead of transferring to an airline, you can still get a decent redemption. For example, at the time of writing, you could book a nonstop flight from New York City (LGA) to Miami in April 2023 for approximately 7,000 miles round trip on Frontier. You might not be flying in luxury, but when considering flights in this price point, you could potentially earn multiple free flights from the welcome bonus alone. 

Capital One VentureOne rewards potential

Using government data and other publicly available information, we estimate that a household in the U.S. that would be in the market for this card has an annual income of $84,352 and $25,087 in expenses they are likely to be able to charge to a credit card. This comes out to just over $2,090 in spending each month. 

At a flat rate of 1.25 miles per dollar spent, cardholders would earn 31,359 miles each year. The value of a mile will vary depending on how it is redeemed. If redeemed through Capital One Travel, cardholders get a valuation of 1 cent per mile but can often get a better valuation if transferred to airline or hotel partners. At the basic valuation, 31,359 miles is worth $313.59 in travel. 

If you book hotels or rental cars through the Capital One portal, you’ll earn more miles, meaning you could earn more than our estimate above. But note that if you have elite status with a particular hotel or car rental program, you won’t get those benefits booking via the portal like you could if booking directly.

Capital One VentureOne APR

Currently, the Capital One VentureOne card has a 0% intro APR on purchases and balance transfers for 15 months, then a variable APR of 19.99% to 29.99%. There is a 3% fee on each balance transfer in the first 15 months. Many cards with an intro APR require you to make the balance transfer within a designated amount of time, but it is nice to have the opportunity to make the transfer at any point in the first 15 months. Transfers made during this time will incur the balance transfer fee. 

If you make a transfer outside of the promotional period, there is no fee incurred for balance transfers. There is no penalty APR with this card, but you should always pay on time regardless — you can still incur a late payment fee, and late payments reported to the credit bureaus will damage your credit score.

Pros and cons of the Capital One VentureOne Card

Capital One VentureOne  pros

• No annual fee or foreign transaction fees: Being able to use your card worldwide without paying an additional fee is a big plus for any traveler. 
• Good transfer partners: Capital One has a wide variety of transfer partners that can take you across the globe with your miles. 
• Intro APR opportunity: Consumers looking to pay off high-interest debt from another card can enjoy the low intro APR offer, which can save significant amounts of money on interest. 

Capital One VentureOne cons

• Low earnings potential: The base earning rate is slightly disappointing, and it can take a lot of spending to rack up a decent amount of miles for a flight or hotel stay. 
• Need good-to-excellent credit to qualify: The VentureOne seems like an entry-level card, but it is recommended to have excellent credit for best chances of qualifying. Those with excellent credit might get more benefits from a different card. 
• Thin list of benefits: Frequent travelers may find it worth paying an annual fee for a credit card with a more robust lineup of perks, such as primary rental car coverage or reimbursement for Global Entry or TSA PreCheck.

Other rewards credit cards to consider

The Capital One VentureOne Card stacks up decently against other similar cards, but we wish the earnings potential was slightly higher. Ultimately, the biggest advantage of this card over other similar cards is the flexibility of the intro APR, which allows cardholders to fully pay off credit card debt while avoiding high interest charges. 

Capital One VentureOne vs. Capital One Venture Rewards Credit Card * The information for the Capital One Venture Rewards Credit Card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer.

The Capital One Venture has a $95 annual fee but comes with significant perks that can justify the price for many travelers. Currently, new cardholders can earn a large 75,000 miles after spending $4,000 on purchases in the first three months of account opening. You also earn 5 miles per $1 on hotels and rental cars booked through Capital One Travel and 2 miles per $1 on other purchases.

On top of that, you get an up to $100 application fee credit for Global Entry or TSA PreCheck every four years, two complimentary lounge visits per year to Capital One Lounges and more than 100 lounge locations in their partner network and the same basic travel and purchase benefits that come with the VentureOne. 

Capital One VentureOne vs. Bank of America® Travel Rewards credit card

The Bank of America Travel Rewards card is another flat-rate travel rewards card but earns 1.5 points per $1 on purchases which is hi gher than the base earning rate on the VentureOne. Currently, you can get an additional 25,000 points after spending $1,000 on purchases in the first 90 days of account opening. 

You also get a 0% intro APR for 15 billing cycles for purchases and any balance transfers made in the first 60 days, followed by a 18.24% to 28.24% variable APR. A 3% fee applies to all balance transfers. The VentureOne is a bit more versatile, however, because points can be transferred to airline and hotel partners, so it might be a better card for the strategic traveler. 

Capital One VentureOne vs. Wells Fargo Active Cash® Card

If a travel card isn’t a good fit for what you want from your credit card rewards, you may want to consider a cash-back card instead. The Wells Fargo Active Cash card is a user-friendly choice, earning an unlimited 2% cash rewards on purchases, with no annual fee. 

You can also earn a $200 cash rewards bonus after spending $500 in purchases in the first three months of account opening. This card also comes with cell phone protection against damage or theft when you pay your bill with the card, which can be a relief for those who take their phones everywhere and are prone to accidents. 

Bank of America® Travel Rewards credit card

Apply Now

On Bank of America’s Secure Website

Welcome Bonus

25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening – that can be a $250 statement credit toward travel purchases.

25,000 points

Annual Fee

$0

Regular APR

18.24% – 28.24% Variable APR on purchases and balance transfers

Credit Score

Credit Score ranges are based on FICO® credit scoring. This is just one scoring method and a credit card issuer may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed.

(700 – 749) Good, Excellent

Earn unlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees and your points don’t expire.

Editor’s Take

Pros

• 15 billing cycles of intro APR financing on both new purchases and on qualifying balance transfers.
• Earn an unlimited 1.5 points per $1 on purchases.
• No foreign transaction fees so it’s a good choice to use abroad.

Cons

• Points must be redeemed towards eligible travel and dining purchases for maximum redemption value.
• You can’t transfer rewards to airline or hotel partners.

Applicants seeking a travel credit card with a solid flat rewards rate and a lengthy intro APR period will appreciate this card.

Card Details

• Earn unlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees and your points don’t expire.
• 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening – that can be a $250 statement credit toward travel purchases.
• Use your card to book your trip how and where you want – you’re not limited to specific websites with blackout dates or restrictions.
• Redeem points for a statement credit to pay for travel or dining purchases, such as flights, hotel stays, car and vacation rentals, baggage fees, and also at restaurants including takeout.
• 0% Introductory APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 18.24% – 28.24% Variable APR will apply. A 3% fee applies to all balance transfers.
• If you’re a Preferred Rewards member, you can earn 25%-75% more points on every purchase. That means instead of earning an unlimited 1.5 points for every $1, you could earn 1.87-2.62 points for every $1 you spend on purchases.
• Contactless Cards – The security of a chip card, with the convenience of a tap.
• This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.

Should you get the Capital One VentureOne card?

The Capital One VentureOne card is a solid option for those that want to take advantage of simple earnings towards travel or for Capital One’s transfer partners but want to avoid a card with an annual fee. The flat-rate earnings are ideal for a traveler that does not want to spend the time to learn a tiered earnings program and wants to earn simple miles on every purchase. 

However, this is not the card for the miles-obsessed traveler that wants to maximize their earnings potential. If you love the Capital One transfer partners and don’t mind the annual fee, consider the Capital One Venture or the Capital One Venture X Rewards Credit Card * The information for the Capital One Venture X Rewards Credit Card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer. , which can give you much better perks that can justify their annual cost. 

Capital One VentureOne summary

^{¹For 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.}