Capital One® Venture® Rewards Credit Card vs. Capital One® VentureOne® Rewards Credit Card: Which is best for you?
January 15, 2020
Travel credit cards are gaining popularity as cardholders can quickly earn travel miles, redeem points and avoid blackout dates at airlines and hotels. Capital One offers several travel cards designed to help make the most of your trip. Two strong options are the Capital One Venture card and the newer Capital One VentureOne card.
While both offer bonus miles earning on every dollar new cardmember offers, reward earning rates and annual fees differ. Here’s a look at the key benefits and standout features of these two Capital One cards.
At a glance comparison
Before tackling the technical details of these cards, let’s look at the basics. Here’s a quick rundown.
|Capital One Venture||Capital One VentureOne|
|Annual fee||$0 for the first year, $95 each year after.||No annual fee.|
|Rewards Rates||2x miles per dollar earned on every purchase, everywhere.||1.25x miles earned on every dollar spent on all purchases.|
|Sign-Up Bonus||Earn 50,000 bonus miles when you spend $3,000 in the first three months after account opening.||20,000 miles once you spend $1,000 on purchases within 3 months from account opening.|
|Credits||Up to $100 credit for Global Entry or TSA Precheck application fees when charged to your credit card.||No credits.|
|Lounge Access||No lounge access.||No lounge access.|
|Authorized User Fee||No authorized user fee.||No authorized user fee.|
The case for the Capital One Venture card
While the Capital One Venture card offers a $0 introductory fee for the first year, its $95 per-year cost combined with higher APR than its VentureOne alternative — 17.24-24.49% variable based on your creditworthiness and then tied to prime rate — make it prohibitively expensive for some cardholders.
The advantage? If you’re a regular traveler, the Venture card offers 2x miles on every purchase you make, from airfare to restaurants to gas stations, supermarkets and online shopping. Combined with 50,000 bonus miles if you spend $3,000 in the first three months after account opening and the ability to apply miles directly to statement balances for travel-related purchases, the card offers the ability to defray travel costs even if you’re not constantly at the airport. Along with key benefits such as TSA Precheck fee reimbursement and travel accident protection, this card can help make traveling less stressful and more secure without breaking the bank.
The case for the Capital One VentureOne card
The Capital One VentureOne card, meanwhile, fills the gap between dedicated travel cards and daily-use cards. With 1.25 miles per dollar on every purchase and no annual fee, this card allows account holders to travel more often but doesn’t require them to micromanage rewards redemption or purchasing categories to maximize earnings. In addition, miles don’t expire, meaning cardholders don’t need to worry if they only travel once a year or every few years — their miles will be waiting.
It’s also worth noting that this card comes with 0% APR on purchases for the first 18 months, then 13.49-23.49% variable APR thereafter based on creditworthiness and tied to the prime rate. This brings it in below the Capital One Venture card, especially for the first year, allowing cardholders to increase their rewards generation while keeping interest costs low.
In a nutshell
Both the Capital One Venture card and the Capital One VentureOne card let you earn travel miles on all purchases and then easily redeem them for statement credits or partner program rewards.
If you regularly travel within the United States and overseas, the Capital One Venture card may be worth the annual fee and higher interest rates to access 2x miles earning and larger bonus mile offers. If you’re looking to earn travel miles at a steady pace but prefer a no-fee option, the Capital One VentureOne card may offer the best balance of rewards potential and reduced APR.