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Capital One® VentureOne®

Capital One VentureOne Credit Card - The No Annual Fee Travel Card for Rewards Newbies

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.

If flexibility while you learn with no annual fee is what you're looking for then by all means, keep reading. 


Counting Your Pennies - How To Earn Rewards 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 if you're looking for cash back. 

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 initially couldn't actually buy any flights or hotels with these points. 1 Capital One mile did not equal a mile in any other points currency. Those days are gone though. In December 2018, Capital One introduced a dozen transfer partners, giving it's card holders access to transfer miles into eligible airline rewards programs. If transferring to partners is too complex for you as a newbie, you can still use miles to erase travel purchases on your Capital One credit card statement. Each mile is worth 1 cent when redeemed this way.

As for the transfer partners, here's what you can expect. These are all non-US based airlines, but keep in mind many have reward arrangements with US airlines as part of their travel alliance programs. For example, booking through Quantas' rewards portal will unlock rewards with American Airlines. 

  • Aeromexico Club Premier
  • Air Canada Aeroplan
  • Air France-KLM Flying Blue
  • Alitalia MilleMiglia
  • Avianca LifeMiles
  • Cathay Pacific Asia Miles
  • Emirates Skywards
  • Etihad Guest
  • EVA Infinity MileageLands
  • Finnair Plus
  • Hainan Fortune Wings Club
  • Qantas Frequent Flyer
  • Qatar Airways Privilege Club
  • Singapore KrisFlyer

In addition to the transfer partners, Capital One VentureOne holders can also earn 10x miles per dollar on hotel rooms booked through Hotels.com/Venture. This perk is set to expire in January 2020, so don't let it be a deciding factor, but in the meantime, it's a nice to have. 


VentureOne Benefits and Bonuses 

What else does the VentureOne offer to make it a good card?

  • 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. When redeemed for travel expenses, miles are worth .01 cents, 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.
  • VentureOne offers no foreign transaction fees, so feel free to take this card overseas. This is 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. 


Who Should Get the VentureOne?

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. This card is the gateway drug of credit cards. Get hooked on transferring points to transfer partners and you'll never be the same. 


Who Shouldn't Get the VentureOne?

Seasoned travelers with brand loyalty. We'd push you to get a travel specific card like the Citi Prestige. 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 Double Cash or the Uber card. If you're not going to make use of the travel partners, these are the way to go. 

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 bonus for new cardholders. 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.


Other Considerations - Capital One?

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 lending to users with average 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.


Common Cents

Before the December update, we might have scoffed at the idea of keeping the VentureOne card in your wallet. With the addition of travel partners, the VentureOne becomes a credit card newbie playground. Enjoy your miles however you want with no annual fee, while you figure out what works best for you. 


VentureOne Highlights 

  • $0 Annual Fee
  • New card holders can earn a $200 bonus
  • Earn unlimited 1.25 miles per dollar on every purchase
  • Transfer miles to eligible transfer partners


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Uber Credit Card


  • 4% Cash Back on Dining
  • 3% Cash Back on Hotel and Airfare
  • 2% Cash Back on Online Purchases (Including Uber)
  • 1% Cash Back on everything else
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Capital One® Venture® Rewards Credit Card


  • $0 intro for first year; $95 after that
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  • Travel when you want with no blackout dates
  • Terms Apply


Citi Prestige® Card


  • $495 Annual Fee
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  • Complimentary 4th Hotel Night Free
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