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With no annual fee or foreign transaction fees, an unusual 0% intro APR offer, and a handful of travel perks, the Capital One® VentureOne® Rewards card is an economical choice for frequent travelers with excellent credit.
Quick Review
The Capital One® VentureOne® Rewards card is a low-cost but high-credit-requirement card that offers a variety of benefits to frequent travelers—even if you aren’t flying.
With the Capital One® VentureOne® Rewards card, you earn 5 miles per dollar on hotels and rental cars booked through Capital One Travel and 1.25x miles on all other purchases. You can redeem your miles for travel purchases, travel reimbursements, or cash value.
You can also transfer your miles to more than a dozen hotel and airline loyalty programs, most of them at full value, making the Capital One® VentureOne® Rewards card an especially good option if you want to maximize your membership rewards with your eligible hotel or airline of choice.
However, it’s worth noting that few of these affiliated airlines are U.S.-based, which may be good news for international travelers flying with British Airways or Emirates, but may not benefit domestic travelers.
You won’t pay an annual fee or foreign transaction fees with the Capital One® VentureOne® Rewards card, but you’ll need a good or excellent credit score to qualify. In return, you’ll get special benefits including access to exclusive entertainment and dining opportunities offered through Capital One, price protection if your flight’s price drops after booking, and two complimentary visits to Capital One Lounges per year.
While not the card’s main draw, the introductory offer of 0% APR on purchases and balance transfers for 15 months is an unexpected bonus, as is the lack of fee for balance transfers after the intro period ends.
For its many benefits, the Capital One® VentureOne® Rewards card won a spot on our list of the best credit cards for freelancers as our pick for the best credit card for digital nomads.
Capital One® VentureOne® Rewards Important Details
Basic Card Details
- Credit card issuer: Capital One
- Annual fee: $0
- Regular APR: 17.99%–27.99% (variable)
- Rewards rate: 1.25%–5%
- Grace period: 25 days
Additional Information
- No liability for fraudulent charges
- Price protection for flights booked through Capital One Travel
- Travel accident insurance, auto rental collision damage waiver, and extended warranties on eligible purchases
- Transfer your Capital One miles to over a dozen hotel and airline loyalty programs
- Two complimentary visits per year to Capital One Lounges
- Get notified about suspicious activity through Eno, Capital One’s virtual assistant
- Track your credit with CreditWise
Capital One® VentureOne® Rewards Credit Card Feature Breakdown
In this section, we’ll go over the fees, interest rates, rewards, and other benefits offered by the Capital One® VentureOne® Rewards card.
Fees
- Annual fee: $0
- Balance transfer fee: $0 on balances transferred after first 15 months
- Intro balance transfer fee: 3% of transfer amount for balances transferred in your first 15 months or any other promotional period
- Cash advance fee: $10 or 3% of advance amount (whichever is greater)
- Foreign transaction fee: None
- Late payment fee: Up to $40
Note that Capital One doesn’t charge foreign transaction fees, making this a great credit card to carry abroad.
Interest Rates
- Purchase APR: 17.99%–27.99% (variable)
- Intro purchase APR: 0% for 15 months
- Balance transfer APR: 17.99%–27.99% (variable)
- Intro balance transfer APR: 0% for 15 months
- Cash advance APR: 26.49% (variable)
- Penalty APR: None
Rewards
With the Capital One® VentureOne® Rewards card, you can earn miles in two ways:
- 5 miles per dollar spent on hotel rooms and car rentals booked through Capital One Travel
- 1.25 miles per dollar spent on all other purchases
When it comes to redemption, one mile is equal to one cent (or 100 miles for $1). You can earn unlimited miles, and they won’t expire unless you close your account.
Miles can be redeemed when you book new flights, hotels, or car rentals through Capital One Travel, or redeemed as a statement credit for previously-made travel purchases booked anywhere. Some examples of eligible purchases include:
- Air and rail travel
- Rental cars
- Taxis and limousines
- Bus fare
- Cruises
- Timeshares
- Travel agents
Like other Capital One rewards cards, you can also redeem your miles as cash back or gift cards, or at checkout when you shop at Amazon or pay using PayPal.
Welcome Bonus
If you spend at least $500 in your first 3 months after enrolling in the rewards program, you’ll earn 20,000 bonus miles, equal to $200 in travel expenses.
Cash Advance
You can take out cash advances with your Capital One® VentureOne® Rewards card, meaning you can use your credit card to withdraw cash. Cash advances incur a fee of the greater of $10 or 3% of the amount of your cash advance, with a variable 26.49% APR.
Balance Transfers
The Capital One® VentureOne® Rewards card lets you transfer balances from other credit cards. Balances you transfer to your card in the first 15 months after account opening will not be subject to APR but will cost you a fee amounting to 3% of your balance transfer. This fee will also apply to any future promotional APR you take advantage of with your account.
After your first 15 months, balance transfers have no fee but are subject to a 17.99%–27.99% (variable) APR that is based on your creditworthiness.
You cannot transfer balances from other Capital One accounts, including private label cards issued with Capital One retail affiliates.
Travel Benefits
Through Capital One Travel, cardholders can book hotels, flights, and car rentals, though you’ll only earn the 5% rewards rate on hotels and car rentals.
You can link select airline loyalty programs to your Capital One® VentureOne® Rewards account and earn rewards on flights booked through Capital One Travel.
However, you can transfer your Capital One miles to the following airline or hotel loyalty programs:
- Aeromexico Club Premier
- Aeroplan®
- ALL – Accor Live Limitless
- Asia Miles
- Avianca LifeMiles
- British Airways Executive Club
- Choice Privileges®
- Emirates Skywards
- Etihad Guest
- EVA Air Infinity MileageLands
- Finnair Plus
- Flying Blue
- Qantas Frequent Flyer
- Singapore Airlines KrisFlyer
- TAP Miles&Go
- Turkish Airlines Miles&Smiles
- Virgin Red
The above loyalty programs accept Capital One miles with a 1:1 transfer ratio, except for EVA Air Infinity MileageLands (2:1.5 transfer ratio) and Accor Live Limitless (2:1 transfer ratio).
With the Capital One® VentureOne® Rewards card, you’ll also get some additional travel benefits:
- If you find a better price on your flight within 24 hours of booking through Capital One Travel, Capital One will reimburse you for the difference in cost.
- Access to exclusive dining and entertainment events through Capital One Dining and Capital One Entertainment.
- Two complimentary visits per year to Capital One Lounges, currently located in Denver, Dallas-Fort Worth, and Washington, DC.
Other Benefits
The Capital One® VentureOne® Rewards card also features some miscellaneous benefits which are typical for Capital One cards:
- $0 liability for fraudulent charges made to your account.
- Eno, Capital One’s virtual assistant, can alert you about suspicious account activity and provide virtual card numbers to give you another layer of protection when shopping online.
- CreditWise, which offers free credit scores and explains updates to your credit.
If you’re approved for a Capital One® VentureOne® Rewards Visa Signature card, you’ll also get the following perks:
- Travel accident insurance provides coverage for a qualifying loss when you charge your fare to your card.
- Receive an auto rental collision damage waiver when you pay for your car rental with your Capital One® VentureOne® Rewards card.
- Extend warranties on eligible products you purchase with your card.
Credit Reporting
Capital One reports credit bureaus every month, helping your credit report stay up to date.
Application and Approval
To be approved for a Capital One® VentureOne® Rewards card, you’ll need a good or excellent credit score, meaning a score above 690.
Applicants must also meet the following requirements:
- At least 18 years old
- Street address in the United States or Puerto Rico (including military locations) that is not a correctional institution
- Monthly income that exceeds your monthly rent/mortgage payments by $425
- Social Security number or Individual Taxpayer Identification Number
Additionally, any of the following conditions are grounds for denial:
- Applying for a Capital One credit card two or more times in 30 days
- Being over your credit limit or having a past due Capital One credit card
- Having a Capital One credit card account charged off in the past year
Unless you are responding to an offer that specifies a credit limit, Capital One will determine your credit limit based on the information provided in your application, including your income.
Should You Get the Capital One® VentureOne® Rewards Credit Card?
FinanceJar verdict
The Capital One® VentureOne® Rewards card is a great choice for international travelers who want to earn miles with every purchase and redeem them for travel expenses ranging from bus fares to travel agents. If your hotel or airline loyalty program is affiliated with Capital One, the ability to transfer miles at full value elevates this card above many competitors.
However, its base rewards rate of 1.25% is lower than other rewards cards, and domestic travelers will likely miss out on transferring miles because the largest U.S.-based airlines aren’t affiliated with Capital One.
Who is this card for?
- International travelers: If you regularly travel abroad, you’ll appreciate the low fees, extra miles earned through Capital One Travel, and the ability to transfer your miles to many foreign airline loyalty programs.
- Digital nomads: No annual fee or foreign transaction fees make the Capital One® VentureOne® Rewards card a great travel card for freelancers who want to keep their expenses low while they’re on the move. The ability to earn and redeem miles on more than just hotels and flights also helps you reap the benefits of a steady stream of rewards.
Comparable Cards
Here’s a look at how the Capital One® VentureOne® Rewards card compares to similar travel rewards cards.
