Capital One® VentureOne® Rewards Credit Card Review

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Summary & Highlights

We think the Capital One® VentureOne® Rewards Credit Card is a popular choice for travelers who may want a low-cost credit card that earns miles on every purchase.

The card is nothing fancy – it doesn’t boast the highest rewards rate or the largest bonus offer on the market. That said, the price is right.

It’s a solid card with no annual fee, and it nets more than the one-mile-per-dollar many other $0 annual fee rewards cards offer.

Most Popular Feature or Benefit

We asked our Credit Sesame members to vote on the most useful features or benefits of the Capital One® VentureOne® Rewards Credit Card.

Here are their top three responses.

Feature or BenefitVotes
One-time bonus of 20,000 miles once you spend $1,000 on purchases within 3 months from account opening320
$0 annual fee254
0% intro APR on purchases for 12 months; 13.24% - 23.24% variable APR after that178

Based on a survey completed by 500 randomly selected Credit Sesame members in July, 2017. Members could vote for more than one feature.

Main Purpose of Capital One® VentureOne® Rewards Credit Card

Although this card is available to anyone to apply, we think a certain type of cardholder may be interested in this card. This consumer:

  • Is budget-conscious and doesn’t want to pay an annual fee
  • Doesn’t want to bother with rotating bonus categories
  • Wants more than one point or mile per dollar spent
  • Likes to travel and looks forward to redeeming miles against travel purchases

With this credit card, earn unlimited 1.25 miles per dollar spent on every purchase, every day.

There is no limit to the number of miles you can earn, and miles do not expire for the life of the account.

Typical Credit Score Approved

 

 

To be considered for this card having a credit score of good to excellent may be a good start.

Additional factors from your credit history and your application will also be considered in the issuer’s decision whether to extend credit. Having a credit score in a particular range is not a guarantee of approval.

Benefits & Features: What’s Awesome About Capital One® VentureOne® Rewards Credit Card

Let’s cover some of the benefits offered by the Capital One® VentureOne® Rewards Credit Card so that you can decide whether it meets your needs and fits well with your spending habits.

Rewards

There are two key rewards to analyze in detail.

Bonus Offer:20,000 Miles once you spend $1,000 on purchases within 3 months from account opening
Rewards:1.25 Miles per dollar on every purchase, every day

We think the one-time bonus offered by the Capital One® VentureOne® Rewards Credit Card may look modest compared with some other current bonus offers. That doesn’t mean you should rule this card out. But to be fair, let’s look at the bonus offers on a few other cards.

1st Place2nd Place3rd Place4th Place
Capital One® Venture® Rewards Credit CardBarclaycard Arrival Plus® World Elite Mastercard®Capital One® VentureOne® Rewards Credit CardJetBlue Card
50,000 Miles once you spend $3,000 on purchases within 3 months from account openingEnjoy 40,000 bonus miles after you spend $3,000 on purchases in the first 90 days -- that's enough to redeem for a $400 travel statement credit toward an eligible travel purchase20,000 Miles once you spend $1,000 on purchases within 3 months from account opening10,000 bonus points after you spend $1,000 on purchases in the first 90 days from account opening

*Editor’s Note: The information related to the JetBlue Card has been collected by CreditSesame.com and has not been reviewed or provided by the issuer of this card.

The key detail to notice here is the minimum spending requirement for qualifying new cardmembers to earn the bonus offers.

If you are able to commit to spending $3,000 on purchases on the card within 3 months from account opening to earn one-time bonus of 50,000 miles, the best bang for the buck comes from the Capital One® Venture® Rewards Credit Card.

We think that the Capital One® VentureOne® Rewards Credit Card is a strong contender for any consumer who may not be able to reach a higher spending threshold.

Indeed, if you only reach $1,000 in spending on purchases within 3 months from account opening, you get a one-time bonus of 20,000 miles from the Capital One® VentureOne® Rewards Credit Card.

Card Details

The Capital One® VentureOne® Rewards Credit Card offers benefits here are a few highlights:

Redeem with Ease with Purchase Eraser®:For travel purchases made with the card, redeem your miles as a statement credit toward the cost. Those redemptions must be made within 90 days from the date your travel purchase posts to your account.

Your rewards don’t expire for the life of the account.
Auto rental collision damage waiver:At no additional cost receive coverage for damage due to collision or theft when renting an eligible vehicle with your Visa Signature card.
Emergency card replacement:Emergency replacement card and a cash advance if your credit card is lost or stolen
Additional Information:Terms, conditions and exclusions apply

Let’s compare two similar travel rewards credit cards to see how they stack up.

We’ll compare the Capital One® VentureOne® Rewards Credit Card to the JetBlue Card since they both have no annual fee and extend a bonus offer to new cardholders with similar spending thresholds.

 JetBlue CardCapital One® VentureOne® Rewards Credit Card
Foreign transaction fee:NoneNone

Neither the JetBlue Card nor the Capital One® Venture® Rewards Credit Card charge a foreign transaction fee, like many other travel credit cards do – so it’s a tie on that point.

Card Highlights

We all know that the smartest way to use a credit card is to never carry a balance.

But lots of us do from time to time, so the Annual Percentage Rate (APR) is an important consideration that should not be overlooked.

Let’s compare the Capital One® VentureOne® Rewards Credit Card with the others to see how they stand up when it comes to credit card APR on purchases.

Of the four cards, only the Capital One® VentureOne® Rewards Credit Card offers a 0% introductory APR on purchases for 12 months, 13.24% – 23.24% variable APR after that.

 1st Place2nd Place3rd Place4th Place
Capital One® VentureOne® Rewards Credit CardJetBlue CardCapital One® Venture® Rewards Credit CardBarclaycard Arrival Plus® World Elite Mastercard®
Intro APR
on Purchases:
0% intro on purchases for 12 monthsN/AN/AN/A
Regular
purchase
APR:
13.24% - 23.24% variable APR after that17.24%, 21.24%, or 26.24% variable APR14.24% - 24.24% variable APR17.24%, 21.24% or 24.24% variable APR

You might not think a difference of 1% to 3% regular variable APR is significant, but it is if you carry a balance.

Consider this. Let’s say you’ve got $3,000 in credit card debt and you can afford to pay $50 per month and there is no annual fee and you don’t make any other transactions on your card – purchases, balance transfers or cash advances.

At 13.24% variable purchase APR, you’ll make 99 payments and spend an estimated $1,945 on interest charges.

The same scenario with a 16.24% variable purchase APR will take you 125 months and result in an estimated $3,220 in interest charges.

Three percent can translate to two extra years of payments on the same debt!

The Capital One® VentureOne® Rewards Credit Card is the winner because even though the low range of the variable purchase APR matches that of the JetBlue Card, the high range of the variable purchase APR of the Capital One® VentureOne® Rewards Credit Card, based on creditworthiness, is a full 3 percent lower.

Calculation is intended for illustrative purposes only. Results are estimates only and should not be viewed as being applicable to your specific circumstance.

Cost & Fees

One of the most-asked questions from our members about credit cards is, “What’s the annual fee?”

We imagine that some folks don’t mind paying hundreds of dollars in annual fees to own a credit card, while plenty of consumers are dead-set against paying any amount in annual fees just for the privilege of holding that piece of plastic in their wallet.

And then there are those who fall somewhere in between, looking for a reasonable annual fee in return for something of value.

The bottom line is that it’s uncommon – but not impossible – to get valuable, tangible rewards with no annual fee.

Consumers also want to know about balance transfer fees so they can estimate the savings they might gain from taking advantage of an introductory APR offer on balance transfers.

Let’s look at our four cards to see what they cost.

Annual Fees

 1st place (tie)1st place (tie)2nd place3rd place
Capital One® VentureOne® Rewards Credit CardJetBlue CardBarclaycard Arrival Plus® World Elite Mastercard®Capital One® Venture® Rewards Credit Card
Annual fee:$0$0$89 - waived first year$0 intro for first year; $95 after that

Balance Transfer Fees

 1st place (tie)1st place (tie)2nd place (tie)2nd place (tie)
JetBlue CardBarclaycard Arrival Plus® World Elite Mastercard®Capital One® VentureOne® Rewards Credit CardCapital One® Venture® Rewards Credit Card
Balance Transfer Fee:Balance transfer fee either $5 or 3% of the amount of each transfer, whichever is greater.Balance transfer fee either $5 or 3% of the amount of each transfer, whichever is greater.$0 balance transfer fee$0 balance transfer fee
Intro APR on Balance Transfers:
0% intro APR for the first twelve billing cycles following each balance transfer that posts to your account within 45 days of account opening; After that (and for balance transfers that do not post within 45 days of account opening) your APR will be 17.24%, 21.24%, or 26.24% based on your creditworthiness. There is a fee for balance transfers0% introductory APR for 12 months on Balance Transfers made within 45 days of account opening. After that, a variable APR will apply, 17.24%, 21.24% or 24.24%, based on your creditworthiness. There is a fee for balance transfers. N/AN/A

The JetBlue Card and the Barclaycard Arrival Plus® World Elite Mastercard® both offer 0% introductory APR rates on balance transfers, with the same balance transfer fee and similar term length (12 billing cycles vs. 12 months).

For a consumer looking to save money, the JetBlue Card may edge out the competition since it has no annual fee.

Sesame Stories

Let’s take a look at what some of our members had to say about the Capital One® VentureOne® Rewards Credit Card and their journey from application to usage.

Story #1: Janice A.

Location: Albuquerque, NM

Joined: 05/09/2013

Q: When did you get this credit card?

A: I got this credit card last year in December.

Q: Why did you apply for this credit card?

A: I applied to use it for my Christmas shopping. Probably not the best reason to open a card, but I heard it had good rewards for travel, plus the bonus offer was hard to pass up. You get 20K bonus miles when you spend only $1K. Most credit cards require a higher spending limit (even though it also has higher bonus points), but this one fit my budget and what I was looking for. Plus it has no annual fee.

Q: What do you use it for on a weekly or monthly basis?

A: I use it for everything, so that means it’s used on a daily basis for things like food, gas and grocery shopping.

Q: Which feature was most useful?

A: I liked the 1.25 miles on every purchase. I don’t have to keep on top of changing categories each quarter. It’s straightforward and easy. I also liked the easy tool on Capital One’s site that shows you how much you need to spend to earn a certain amount of miles each year. Very helpful!

Q: Which feature was least useful?

A: I can’t think of anything that wasn’t useful.

Q: Do you recommend this credit card?

A: Yes, I recommend this to all of my friends and family because it’s so easy and the benefits are pretty good. I do have friends with bad credit, so I don’t think they were able to get the card even though they applied, but they are working on increasing their score so they can apply too. Really good card!

Story #2: Rick S.

Location: El Centro, CA

Joined: 10/30/2015

Q: When did you get this credit card?

A: Had this card for more than two years now

Q: Why did you apply for this credit card?

A: Wanted a good rewards card with no annual fee.

Q: What do you use it for on a weekly or monthly basis?

A: I pretty much use it for everything except my monthly bills. So restaurants, Amazon, groceries, gas. School books and school supplies. I also had to get some work done on my car. I try to keep it paid off but right now I am paying down the auto repair.

Q: Which feature was most useful?

A: No rotating categories. I have also used the auto rental insurance waiver. Also I set my payment date to what I wanted.

Q: Which feature was least useful?

A: Travel “upgrades.” Mostly offered in ways that I could not use. The “premium benefits” are at high dollar hotels I will never go to in my life.

Q: Do you recommend this credit card?

A: Yes. Most rewards credit cards give you one point per dollar but this one is 1.25 miles so over time the additional quarter percent adds up.

Story #3: Josh P.

Location: Fremont, CA

Joined: 7/22/2014

Q: When did you get this credit card?

A: January 2017

Q: Why did you apply for this credit card?

A: I am planning a trip to France and Spain next spring and I wanted the bonus as well as earning miles for all purchases.

Q: What do you use it for on a weekly or monthly basis?

A: I use this card for everything that I can’t get a higher rate on. So when I can’t get 5x back on gas from my other credit card, I use this one because the other card drops down to 1 point but this one gives me 1.25.

Q: Which feature was most useful?

A: No foreign transaction fee!!! I learned this the hard way. I went to London about five years ago and didn’t know until I got the bill that my credit card was charging me an extra 2% every time I used it. So this time I was not going to apply for any card that charged for foreign transactions.

Q: Which feature was least useful?

A: I guess the travel insurance. Chances are pretty remote that I will ever have a “covered” loss.

Q: Do you recommend this credit card?

A: Sure. But I would like to know if they will lower my APR as my credit goes up.

Sesame Data: How the Capital One® VentureOne® Rewards Credit Card Stands Up Against Other Credit Cards

The vast majority of us buy groceries, and most of us eat out and buy gas, too.

If you’re researching the Capital One® VentureOne® Rewards Credit Card, we presume you also like to travel since its rewards can only be redeemed against qualified travel purchases.

Let’s see how the cards compare when it comes to spending on groceries, restaurants, travel, and gas.

Remember, each card’s potential has to be weighed against its cost.

How we calculated the outcomes:

  • The spend includes qualifying for extra points for specific spending if applicable, for example, with the JetBlue Card you can earn 3X points per dollar spent on qualifying JetBlue purchases.
  • We use the following dollar values for points or miles earned
Capital One® Venture® Rewards Credit Card$0.01 per mile
Barclaycard Arrival Plus® World Elite Mastercard®$0.01 per mile
Capital One® VentureOne® Rewards Credit Card$0.01 per mile
JetBlue Card$0.014 per point
  • For more details about how we value points and miles, click here.
  • Annual fees are not considered in the final dollar values.
  • Estimates provided in this table are general and illustrative. Data is not provided by, reviewed or endorsed by any credit card issuer. We do not guarantee the accuracy of these results. Results vary based on individual use

Comparing Points/Miles Value (12 months)

It may be useful to know which credit card is best in terms of total points or miles and dollar value after one year of typical spending, primarily focused on grocery store and restaurant purchases.

Notes:

  1. First 12 months includes new cardholder bonus offer, if one is available, and on the assumption that the new cardholder qualifies for the bonus offer
  2. Average spending assumptions:
Restaurants:$800 per month
Grocery stores:$1,500 per month
Gas stations:$200 per month
Travel:$2,500 per year

The Capital One® Venture® Rewards Credit Card edges out the others on overall miles and JetBlue Card TrueBlue points earned for spending. With the Capital One® Venture® Rewards Credit Card you earn unlimited 2X miles per dollar spent on every purchase and qualifying new cardmembers have an opportunity to earn a one-time bonus offer of 50,000 miles once you spend $3,000 on purchases within 3 months from account opening.

No Bonus Rewards

Which card is best for traveling after one year of owning it, now excluding the introductory bonus points or miles? Since leaving a credit card open can increase your average account age over time and help you maintain a healthy credit score, you’ll need to know how hard your card will work for you beyond the first year.

The Capital One® Venture® Rewards Credit Card and the Barclaycard Arrival Plus® World Elite Mastercard® are tied in terms of total points or miles earned and the total dollar value of those points or miles.

The JetBlue Card, however, edges out the other cards, including those with annual fees. That’s because we included travel purchases in our calculations and the JetBlue Card pays 3X points per dollar spent on qualifying JetBlue purchases. That’s one third more than the highest earning rate on the two cards with annual fees.

We don’t recommend writing off the Capital One® VentureOne® Rewards Credit Card just because the miles earned over one year are low compared to the other card. Remember, the JetBlue Card’s points are TrueBlue points that are redeemable for travel only on JetBlue and Hawaiian Airlines.

The Capital One® VentureOne® Rewards Credit Card’s miles, however, are redeemable against a wide variety of travel purchases, including any airline, any hotel, rental cars and more. If you don’t want to be restricted to just JetBlue and Hawaiian Airlines, the Capital One® VentureOne® Rewards Credit Card may provide more value.

Comparing Higher Spend on: Groceries

Which credit card is best in terms of dollar value after one year of spending on different categories, focusing more on the grocery category.

Notes:

  1. First 12 months includes new cardholder bonus offer, if one is available, and on the assumption that the new cardholder qualifies for the bonus offer
  2. Average spending:
Restaurants:$200 per month
Grocery stores:$2,100 per month
Gas stations:$200 per month
Travel:$2,500 per year

None of the cards on this list offer bonus rewards for grocery spending, so the differences in points or miles earned are based on the rewards rate for each card.

  • With the Capital One® VentureOne® Rewards Credit Card, you earn unlimited 1.25 miles per dollar spent on every purchase
  • With the Barclaycard Arrival Plus® World Elite Mastercard® earn 2X miles per dollar spent on all purchases
  • With the Capital One® Venture® Rewards Credit Card earn unlimited 2X miles per dollar spent on every purchase
  • With the JetBlue Card earn 2X points per dollar spent on restaurant and grocery store purchases, 3X points per dollar spent on eligible JetBlue purchases, and 1X points per dollar spent on all other purchases

The two cards that impose annual fees starting in the second year have higher payouts in year one for heavier grocery store spenders because they offer more points per dollar (and the Capital One® Venture® Rewards Credit Card has the highest bonus to qualifying new cardholders). The JetBlue Card edges out the Capital One® VentureOne® Rewards Credit Card because of its tiered rewards, but again, the redemptions are more limited on the JetBlue Card.

Sesame Basic Quality Challenge

Let’s compare the basic information for these four popular travel credit cards. We’ll ignore the bonus offers and just look at the ongoing value each card will provide over time.

 Capital One® Venture® Rewards Credit CardBarclaycard Arrival Plus® World Elite Mastercard®Capital One® VentureOne® Rewards Credit CardJetBlue Card
Intro APR on purchases:N/A - intro APR on purchasesN/A - intro APR on purchases0% intro APR on purchases for 12 months; 13.24% - 23.24% variable APR after thatN/A - intro APR on purchases
Intro APR on
balance transfers:
N/A - intro APR on balance transfers0% introductory APR for 12 months on Balance Transfers made within 45 days of account opening. After that, a variable APR will apply, 17.24%, 21.24% or 24.24%, based on your creditworthiness There is a fee for balance transfers.N/A - intro APR on balance transfers0% intro APR for the first twelve billing cycles following each balance transfer that posts to your account within 45 days of account opening; After that (and for balance transfers that do not post within 45 days of account opening) your APR will be 17.24%, 21.24%, or 26.24% based on your creditworthiness. There is a fee for balance transfers.
Balance Transfer fee:$0 balance transfer feeBalance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.$0 balance transfer feeBalance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.
Regular APR:14.24% - 24.24% (Variable) APR17.24%, 21.24% or 24.24% Variable APR13.24% - 23.24% (Variable) APR17.24%, 21.24%, or 26.24% Variable APR
Foreign Transaction Fee:NoneNoneNone0%
Annual Fee:$0 intro for first year; $95 after that$89 - waived first year$0$0
Rewards Rate:2 Miles per dollar on every purchase, every day2X miles on all purchases1.25 Miles per dollar on every purchase, every day3X points per $1 spent on JetBlue purchases,
2X points per $1 spent at restaurants and grocery stores,
1X point per $1 spent on all other purchases
Benefits we like most:For travel purchases made with your Capital One® Venture® Rewards Credit Card, redeem your miles as a statement credit toward the cost within 90 days from the date your travel purchase posts to your account.Redeem your miles for travel or cash back statement credits, gift cards and merchandise. Redemption values vary.For travel purchases made with your Capital One® VentureOne® Rewards Credit Card, redeem your miles as a statement credit toward the cost within 90 days from the date your travel purchase posts to your account.50% savings on eligible inflight purchases like cocktails and food purchases
Use your Capital One® Venture® Rewards Credit Card to make travel purchases on any website or app - for any airline, any hotel, rental cars and more.Get 5% miles back to use toward your next redemption every time you redeem.Use your Capital One® VentureOne® Rewards Credit Card to make travel purchases on any website or app - for any airline, any hotel, rental cars and more.Earn and share points together with Family Pooling
Visa Signature® benefits, including complimentary concierge serviceMastercard World Elite concierge and luxury travel benefitsVisa Signature® benefits, including complimentary concierge serviceRedeem for any seat, any time on JetBlue-operated flights
Terms, conditions and exclusions applyTerms, conditions and exclusions applyTerms, conditions and exclusions applyTerms, conditions and exclusions apply

The Capital One® VentureOne® Rewards Credit Card is the only option with an introductory 0% APR on purchases for 12 months; 13.24% – 23.24% variable APR after that. It also has the best regular variable APR range, no foreign transaction fees and no annual fee.

A key benefit of the Capital One® VentureOne® Rewards Credit Card is that its rewards can be redeemed against a wide variety of travel purchases, including any airline, any hotel, rental cars and more.

As you can see, the bonus offer should never be the sole consideration when choosing a card.

Also, while other cards may pay more in miles per dollar spent, those miles often come at a cost.

For example, on the Barclaycard Arrival Plus® World Elite Mastercard® you may need to spend $4,450 in purchases on the card in year two to recover the cost of the annual fee.

Is the Capital One® VentureOne® Rewards Credit Card Worth It?

The Capital One® VentureOne® Rewards Credit Card is an excellent option for folks who may want to work towards rewards for travel by spending on a card that is easy to own.

The fact that it has no annual fee, pays a little more than the one mile per dollar than many other cards offer, and offers the ability to redeem miles on any airline or hotel purchase really makes it stand out among rewards card

Apply for the Capital One® VentureOne® Rewards Credit Card

If you think the Capital One® VentureOne® Rewards Credit Card looks like a good fit for you, click here to learn more.

Do check your credit score first, since this card is typically issued to applicants with excellent/good credit.

As we already mentioned credit decisions are made on a variety of factors and even if you meet certain criteria there is no guarantee you will be approved.

If you’re not sure where you stand, log into Credit Sesame (or join for free) today.

Credit Sesame also offers a pre-qualification service for Capital One products.

Just click the button that says “See if I’m Pre-Qualified” near the Capital One product offers in your member account.

Although pre-qualification isn’t a guarantee of approval, it can help you narrow down your choices without impacting your credit score.


Editor’s Note: The information related to the JetBlue Card has been collected by CreditSesame.com and has not been reviewed or provided by the issuer of this card.

Disclosure: Credit Sesame is an independent comparison service provider. Reasonable efforts have been made to maintain accurate information throughout our website, mobile apps, and communication methods; however, all information is presented without warranty or guarantee. The editorial content on this page is not provided by any credit card issuer. Any opinions, analyses, reviews, or recommendations expressed here are author’s alone, not those of any credit card issuer, and have not been reviewed, approved or otherwise endorsed by any credit card issuer. The credit card offers that appear on this site are from credit card companies from which we may receive compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This site does not include all credit card companies or all available credit card offers. All images and trademarks are the property of their respective owners.

Rewards earned can vary based on account usage. Verify miles or points needed as travel costs are subject to change and costs can vary based on a variety of factors (for example where you travel from, how you choose to travel, who you book your travel with, etc.). Contact your card issuer, the hotel/resort, airlines, or travel agency before you book your travel arrangements for any taxes, fees, service charges or carrier charges that are not included within the rewards program.

See the online provider’s application for details about terms and conditions. Offers are subject to change and the terms displayed may not be available to all consumers. Please visit the provider’s site for current information and verify all terms and conditions of any offer prior to applying.

Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.

Disclaimer: The article and information provided here is for informational purposes only and is not intended as a substitute for professional advice.

You can trust that we maintain strict editorial integrity in our writing and assessments; however, we receive compensation when you click on links to products from our partners and get approved.
Published February 14, 2018
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