Capital One® VentureOne® Rewards Credit Card Review

Best for: travelers who want to do it all without worrying about paying an annual fee

For travelers who want the freedom to redeem their rewards however they see fit, and the ability to do it all without paying an annual fee, the Capital One VentureOne Rewards Credit Card is a solid option. With no blackout dates and no foreign transaction fee, this card is ready for your next adventure.

The basics of the Capital One VentureOne Rewards Credit Card 

  • APR: 0% intro APR on purchases for the first year. Then, the standard variable purchase APR of 14.24% – 24.24%.
  • Annual Fee: $0
  • Reward Rates: Earn 1.25 miles per every dollar you spend. Plus, through January 2020, earn 10x the points when you book a hotel for your next trip with Hotels.com/venture.
  • Intro Offer: Earn an additional 20,000 bonus miles – worth $200 in travel costs – when you spend $1,000 within the first three months of opening your account.

The VentureOne’s standout features

  • Flexible redemption options: Redeem points directly through Capital One’s travel center to use your points upfront, or you can book on other sites and use the Purchase Eraser® feature to get a credit on your statement for the cost. As an added bonus, there is no minimum amount required for you to redeem the points and you can put them towards any of your travel-related purchases.
  • No foreign transaction fee.
  • Travel accident insurance, 24-hour travel assistance services and auto rental collision damage waiver are some of the travel perks the VentureOne offers.
  • Shop with ease with extended warranty protection, Wikibuy to help you find the best price and Parabus to make sure you’re paid back if you do overspend on your purchases.

The best way to use the VentureOne

Whatever your next destination, the Capital One VentureOne Rewards Credit Card aims to make getting there a breeze. By giving you a flat rate of 1.25 points for every dollar you spend, Capital One makes it easy to rack up those miles – no tracking your spending required. Plus, from now until January 2020, you can extend those benefits by earning 10x the miles when you book your stay through the company’s partnership with Hotels.com.

Best of all, booking has never been easier. The card’s Purchase Eraser® feature ensures that there are no blackout dates or restrictions on how you use your miles. From planes to trains, Ubers, and buses all travel-related purchases are fair game to be redeemed, meaning that it’s easy for you to get where you need to go.  

In a nutshell

The Capital One VentureOne Rewards Credit Card is a solid choice for travel buffs who want the benefit of receiving miles without having to worry about paying a high annual fee. By giving you miles for every dollar you spend, flexible redemption options, and no foreign transaction fee, this card offers plenty of perks in exchange for relatively little output on your end. 

However, this card works best for those who only intend to occasionally use credit. If you use your card frequently – and really want to start earning those miles – there may be options with better rewards elsewhere. The Capital One Venture Rewards Credit Card, for instance, offers two miles for every dollar you spend and a 50,000 intro bonus, if you spend $3,000 within the first three months. Though, it does come with an annual fee.

Additionally, the Capital One VentureOne is a best suited for travelers with excellent credit. If you need some time to build up your score, consider using  Discover it® Miles Card instead.

Tara Mastroeni

Personal finance writer

Tara lives in Philadelphia, PA. Her work has also been published on LendingTree and Forbes. In her spare time, she enjoys hitting the gym.