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Marketing Disclosure

Capital One® VentureOne®

Our Two Cents: Capital One VentureOne Credit Card Review

The credit card rewards space has two varieties. Group A is meant to appeal to people with hardcore loyalty to a particular airline or hotel chain. Group A loves being rewarded for loyalty with upgrades. Group A loves to brag about their loyalty. On the other hand, you have group B. Group B is made up of offers that provide more flexible travel reward “currency” that can be used toward any type of travel-related expense. The VentureOne card falls into the Group B category.

As a new card member you can expect a new customer bonus of 20,000 points after you make $1,000 in purchases in the first 3 months of account opening. Points are worth .01 cents when redeeming towards travel, so you just banked $200 towards your next vacation. Nice work! Second, the card earns 10 points per dollar spend when you book hotels through Hotels.com/Venture. That's essentially 10% off. The best part about this is that it stacks with Hotels.com's 11th night free promotion. Stacking promotions always gets us excited.

If you like to try new things the best thing about this rewards structure is that you have the flexibility to book and pay for travel on your own without being required to use a particular airline or hotel website. The downside is you are tied to hotels.com to optimize your benefit. You may find that you actually save money booking directly through the hotel's website since that will provide benefits like free internet. If you value the add-ons like internet, complimentary updates, and comped breakfasts that are associated with booking direct, a hotel credit card is going to be more your speed. If you are more sensitive to price, VentureOne is the way to go.

VentureOne offers no foreign transaction fees, so feel free to take this card overseas. This is a a pretty common staple for all rewards cards, so we wouldn't make this a deciding factor. Other than that, look for an extended warranty program, travel accident insurance, and a 24/7 phone concierge service, as part of the VentureOne's offerings. The card also comes without an annual fee, so this is a wallet friendly card.

Capital One is unique in that they pull all 3 credit bureaus when looking at your credit score. This isn't the end of the world for most people. Since Capital One specializes in bad credit they gather all 3 reports to help make sure they are making a good decision on your credit profile. With that being said, VentureOne applicants should have good credit. If you are in the fair category, we'd recommend starting with the Quicksilver cash back card.

Counting Your Pennies - How To Earn Cash Back with VentureOne

With the VentureOne you earn 1.25 miles for each dollar spent with the card. There is no cap or miles ceiling on this. As long as your card remains open and in good standing, these miles don’t expire. There's no rotating category to remember. There are many no annual fee cards that offer 1.5 or 2% cash back, so Capital One needs to up this rewards structure by 1/4 point to be minimally competitive. 

What exactly is a mile? Capital One miles were a stroke of marketing genius to help Capital One ride the wave of travel cards. You can't actually buy any flights or hotels with these points. 2 Capital One miles does not equal two miles in any other points currency. Each mile you earn is worth $.01 towards a travel purchase. After you make a travel purchase using your card, use your points to pay off that purchase. Done. 

While this card doesn't carry an annual fee, it's big brother does. The annual fee on the Venture (notice the lack of "One" in the card name - it is an important distinction.) card is $95, but it is waived for the first year. Venture also has an enhanced earning rate of 2 points per dollar, and a richer 50,000 new customer bonus. If you plan to spend at least $1,100 a month on the card, you're better off going for the Venture card. The extra points you'll earn will make the annual fee a wash.

Who Should Get It?

If you are brand agnostic and like to travel - this is an okay no annual fee credit card if you will make use of the Hotels.com benefit. If you hate rotating categories and like easy - this is a nice simple card for peace of mind and get your feet wet in the points pool. 

Who Shouldn't Get It?

Seasoned travelers with brand loyalty. We'd push you to get a travel specific card like the Sapphire Reserve. You'll enjoy the benefits of the card and make use of the priority lounges. Your travel self will thank you. 

If you prefer straight cash back, take a look at the Blispay and its 2% cash back rewards structure without an annual fee.

Looking for 10x Points @ Hotels.com? 

  • $0 annual fee
  • Earn unlimited 1.25 miles per dollar on every purchase, every day
  • Travel when you want with no blackout dates
  • Terms Apply
  • Apply Online