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Capital One® VentureOne® Rewards Credit Card
Capital One® VentureOne® Rewards Credit Card
Editorial Note: The editorial content on this page is not provided or commissioned by any financial institution. Any opinions, analyses, reviews, statements or recommendations expressed in this article are those of the author's alone, and may not have been reviewed, approved or otherwise endorsed by any of these entities prior to publication. This site may be compensated through a credit card partnership.
The Capital One® VentureOne® Rewards Credit Card used to be a decent credit card, but has largely faded away with the introduction of its newest cousin, the Capital One® Quicksilver® Cash Rewards Credit Card. It used to be good for consumers who wanted travel rewards without the hassle of rotating categories, but some of its features and restrictions make it less attractive than the pure cash back rewards card, the Capital One® Quicksilver® Cash Rewards Credit Card, and its upgraded sister, Capital One® Venture® Rewards Credit Card. Be sure to read our comparisons against other credit cards to pick the best card for you.
Review: Capital One® VentureOne® Rewards Credit Card Not Rewarding Enough
The Capital One® VentureOne® Rewards Credit Card has a low rewards rate, and doesn't make sense to have in your wallet when there are better and higher-earning credit cards out there. Its 1.25% return is lower than other no-fee credit cards that you can earn, such as the Capital One® Quicksilver® Cash Rewards Credit Card. You only get a higher rewards rate at hotels.com/Venture, but that is fairly limiting. Below is a summary of the pros and cons of the credit card, and a credit card comparison visualization its better cousins, the Capital One® Venture® Rewards Credit Card (2% cash towards travel), and the Capital One® Quicksilver® Cash Rewards Credit Card (pure 1.5% cash back).
Pros of Capital One® VentureOne® Rewards Credit Card
- 1.25% cash back towards travel, trasportation, and vacation-type expenses
- 10x miles when shopping through hotels.com/Venture
- Early spend bonus of 20,000 miles once you spend $1,000 on purchases within the first 3 months
- No foreign transaction fees - save 3% on charges made abroad!
- No annual fees
Cons of Capital One® VentureOne® Rewards Credit Card
- Not the best card to maximize rewards return (compare with the Capital One® Quicksilver® Cash Rewards Credit Card for 1.5% cash back on all expenses, or the 2% Capital One® Venture® Rewards Credit Card with annual fee)
- Lower cash back returns on non-travel related rewards of 0.625%
Now that you understand the high level summary of the Capital One® VentureOne® Rewards Credit Card, look into the nitty gritty of how the card works, and what better value you could be getting at other credit cards.
In-Depth Analysis: Capital One® VentureOne® Rewards Credit Card
The Capital One® VentureOne® Rewards Credit Card has a simple earnings formula: any purchase you make earns 1.25 miles on the dollar. No caveats or exclusions. Be it food, clothing, or basketball game tickets bought at a restaurant, department store, or online at Amazon - all are eligible for this simple flat rate. While other credit cards can have rotating categories each quarter, the Capital One® VentureOne® Rewards Credit Card is a much more constant and dependable card all year round. A quick summary of the card's major features and benefits.
Capital One® VentureOne® Rewards Credit Card
- Enjoy a one-time bonus of 20,000 miles once you spend $1,000 on purchases within 3 months from account opening, equal to $200 in travel
- Earn 1.25X miles on every purchase, every day and pay no annual fee. Plus earn 10X miles on thousands of hotels, through January 2020; learn more at hotels.com/venture
- Transfer your miles to over 12 leading travel loyalty programs
- Fly any airline, stay at any hotel, anytime
- Enjoy a low intro APR on purchases for 12 months; 14.24%-24.24% variable APR after that
- Travel when you want with no blackout dates
- No foreign transaction fees
- Miles won't expire for the life of the account and there's no limit to how many you can earn
Note: The information in this box was provided by Capital One and is not part of our independent analysis.
- Enjoy a one-time bonus of 20,000 miles once you spend $1,000 on purchases within 3 months from account opening, equal to $200 in travel
- Earn 1.25X miles on every purchase, every day and pay no annual fee. Plus earn 10X miles on thousands of hotels, through January 2020; learn more at hotels.com/venture
- Transfer your miles to over 12 leading travel loyalty programs
- Fly any airline, stay at any hotel, anytime
- Enjoy a low intro APR on purchases for 12 months; 14.24%-24.24% variable APR after that
- Travel when you want with no blackout dates
- No foreign transaction fees
- Miles won't expire for the life of the account and there's no limit to how many you can earn
Early Spend Bonuses
Currently, new Capital One® VentureOne® Rewards Credit Card applicants are eligibile to earn a bonus of 20,000 miles if they make $1,000 in purchases in the first three months. These bonus miles are worth $200 dollars towards a statement credit usable on a weekend getaway, impromptu vacation or any other travel expense.
Save up to 3% on Foreign Transaction Fees
This card will be good to have in your wallet when you're traveling abroad. Most credit cards and issuing banks charge a 3% fee to translate the local currency into your country's denomination. For purchases in a foreign currency, saving the 3% fee is easily more than the savings or rewards you could possibly receive with other cards. If you're going to be overseas, don't underestimate the value of having no foreign transaction fees.
Redeeming Rewards with the Capital One® VentureOne® Rewards Credit Card
How can I redeem or use the reward miles with this credit card? Capital One lets Capital One® VentureOne® Rewards Credit Cardholders pay off past purchases with their miles (this is the "Purchase Eraser"), or book future travel with their reward miles. You can use your miles towards: travel, cash, account credits, gift cards, products, special experiences (skydiving, private dinner parties catered by chefs, etc.), and even towards local charities. While certain credit cards rewards are held captive by allegiance to a specific carrier, or subject to blackout dates and availability of seats, Capital One only cares about the price of that ticket. To redeem miles, simply divide your reward miles balance by 100 for travel. Bear in mind that redeeming your mile rewards for cash gives you less value than if you had used it towards travel.
Redeeming For Travel
Using your miles for statement credits on travel expenses will net you a 1 dollar credit for every 100 miles. This can include any spending flights, hotels, taxies, subways, and car rentals. By spending your VentureOne rewards on travel, the card will have an effective rewards rate of 1.25%. The rewards rate is higher when shopping through hotels.com/Venture.
Redeeming For Merchandise
Redeeming your bonus miles for merchandise must be done throuhg Capital One's rewards center, where you can spend miles to purchase available items. The value of the miles will vary since the products sold through the center may be available for different prices on sites such as Amazon or other retailers. Overall, expect to receive significantly less than 1 dollar for every 100 miles when using your points this way.
Example 1: the Garmin nuvi 2597LMT 5-Inch Vehicle GPS with Lifetime Maps and Traffic is selling for $199.99 on Amazon, and can be redeemed for 33,750 miles in Capital One's rewards center. This translates to an effective redemption rate of 169 miles / dollar.
Redeeming For Cash Back, Gift Cards and Other Expenses
For non travel expenses, it will take you twice as many miles (200) for each dollar of credit. This opens up some flexibility if you really must use your miles but the loss in value makes it an option of last resort. Spent in this way the rewards from the Capital One® VentureOne® Rewards Credit Card would only net you a .63% rewards rate, significantly below average.
Credit Card Comparisons
As we mentioned above, the Capital One® VentureOne® Rewards Credit Card is fading in value. Here are two other superior credit cards that you should consider instead: the Capital One® Venture® Rewards Credit Card, and the Capital One® Quicksilver® Cash Rewards Credit Card.
Capital One® VentureOne® Rewards Credit Card vs. Capital One® Venture® Rewards Credit Card
This table lays out the ongoing earnings potential under the Capital One® VentureOne® Rewards Credit Card vs. its upgraded cousin, the Capital One® Venture® Rewards Credit Card. We're excluding bonus miles to compare the long-term value of the cards.
| Capital One® VentureOne® Rewards Credit Card | Capital One® Venture® Rewards Credit Card | |
|---|---|---|
|
Credit card charges | $15,000 | $15,000 |
|
Miles earned | 15,000 x 1.25 = 18,750 | 15,000 x 2 = 30,000 |
|
Travel awards redeemed | 18,750 / 100 = $188 | 30k / 100 = $300 - $95 fee = $205 |
|
Redemption Return | $188 / $12k = 1.25% | $205 / $12k = 1.37% incl fee |
As you can tell from the above table, the Capital One® VentureOne® Rewards Credit Card earns less than the Capital One® Venture® Rewards Credit Card does (in fact, the tipping point is a little less than $15,000). If you're planning on spending more than $14,000, then the Capital One® Venture® Rewards Credit Card gives you greater bang for your buck. The 1.37% return accounts for the $95 annual fee that starts getting charged in year 2 and onwards, and the more you spend, the more that fee gets spread across your spending and the greater your redemption return rate.
Capital One® VentureOne® Rewards Credit Card vs. Capital One® Quicksilver® Cash Rewards Credit Card
There's a new contender in the cash back credit card market, and its name is the Capital One® Quicksilver® Cash Rewards Credit Card. This card gives cardholders 1.5% straightforward cash back - about 50% more than the typical cash back credit cards do without making folks jump through hoops on special categories and sign-ups.
The two cards are quite similar (no FX fees, no rotating or promotional categories), with the exceptions of the early spend bonus and the earnings rate. The value of the miles from the Capital One® VentureOne® Rewards Credit Card's welcome bonus is higher than the Capital One® Quicksilver® Cash Rewards Credit Card's promotional offer, but over the longer course, you'll get more value from the extra percentage earnings from the Capital One® Quicksilver® Cash Rewards Credit Card. The extra 0.25% makes a difference at higher levels of spending, and will outweigh the Capital One® VentureOne® Rewards Credit Card's initial miles bump. In fact, if you spend more than $40,000 in the first year, the Capital One® Quicksilver® Cash Rewards Credit Card will get you greater value (the extra $100 from Capital One® VentureOne® Rewards Credit Card's bonus is hard to overcome). Over the long run, the Capital One® Quicksilver® Cash Rewards Credit Card's higher earnings rate will be better.
Capital One® VentureOne® Rewards Credit Card early spend bonus value: 20,000 miles / 100 miles per dollar of travel = $200 towards travel OR 20,000 miles / 200 miles per other dollar = $100 towards non-travel.
Capital One® Quicksilver® Cash Rewards Credit Card sign-up value: $100
Capital One® VentureOne® Rewards Credit Card vs. Capital One® Quicksilver® Cash Rewards Credit Card inflection point: ($200 Capital One® VentureOne® Rewards Credit Card Bonus Value - $100 Capital One® Quicksilver® Cash Rewards Credit Card Bonus Value) / (0.015 Quicksilver® Earnings Rate - 0.0125 VentureOne® Earnings Rate) = $40,000. Excluding the bonus, the Capital One® Quicksilver® Cash Rewards Credit Card wins every time (1.5% > 1.25% rewards rate).
More Information
What credit do I need for the Capital One® VentureOne® Rewards Credit Card?
Excellent credit, according to Capital One bank. The issuer defines this as: no bankruptcy or defaulted loans, being less than 60 days late on your credit card or other payments, and having a credit card or loan with a credit limit above $5,000. An answer to this question can be had as soon as you submit your **Capital One® VentureOne® Rewards Credit Card application online. The application is easy to fill out, and Capital One is fairly quick with their credit approval review, unless your credit history needs more review.
Opinions, analyses, reviews, or recommendations expressed here are the author's alone, and have not been reviewed or endorsed by the issuer. We may be compensated through the issuer's Affiliate Program. For a full list of our advertisers see our disclosure page
* See the online credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the "Apply Now" button, you can review the credit card terms and conditions on the issuer's website.
Info about the following cards: Premier Rewards Gold Card from American Express, Hilton Honors Surpass® Credit Card, American Express® Blue Sky, American Express® Green Card, The Amex EveryDay® Preferred Credit Card from American Express, The Amex EveryDay® Credit Card from American Express, The Plenti® Credit Card from Amex, Blue from American Express®, Platinum Card® from American Express Exclusively for Mercedes-Benz, Bluebird, Centurion® Card from American Express, Hilton Honors American Express Aspire Card, Starwood Preferred Guest® American Express Luxury Card, Amazon Business American Express Card, and Marriott Bonvoy Brilliant™ American Express® Card has been collected independently by ValuePenguin. The issuer did not provide the details, nor is it responsible for their accuracy.
Disclaimer: This content is not provided or commissioned by the credit card issuer. Opinions expressed here are author's alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through the credit card issuer Affiliate Program.
These 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.
How We Calculate Rewards: ValuePenguin calculates the value of rewards by estimating the dollar value of any points, miles or bonuses earned using the card less any associated annual fees. These estimates are ValuePenguin's alone and for illustrative purposes only. The estimates are not a guarantee, agreement, or commitment to redemption amounts and may not have not been reviewed, approved or otherwise endorsed by the credit card issuer.
Example of how we calculate the rewards rates: When redeemed for travel through Ultimate Rewards, Chase Sapphire Preferred® Card points are worth $0.0125 each. The card awards 2 points on travel and dining and 1 point on everything else. Therefore, we say the card has a 2.5% rewards rate on dining and travel (2 x $0.0125) and a 1.25% rewards rate on everything else (1 x $0.0125).