Capital One Venture Rewards vs Capital One VentureOne Rewards Credit Card: Which One Is Better For You?

Capital One Venture Rewards vs Capital One VentureOne Rewards Credit Card: Which One Is Better For You?

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The Capital One Venture Rewards Credit Card is one of the best travel cards available, while the Capital One VentureOne Rewards Credit Card is a subpar card that doesn’t give its users enough rewards – especially by current standards. If you are absolutely set on getting a miles credit card from Capital One, choosing between these two is simple. As long as you charge at least $7,867 annually to your card, the Capital One Venture Rewards Credit Card will always come out on top of the Capital One VentureOne Rewards Credit Card. This is even after you factor in its annual fee into the equation.

Capital One Venture Rewards Credit Card vs Capital One VentureOne Rewards Credit Card

Because they are relatively simple credit cards, choosing between the Capital One VentureOne Rewards Credit Card and Capital One Venture Rewards Credit Cardis fairly simple as well. You can stick to the following if you are after the simplest solution:

  • Get the Capital One Venture Rewards Credit Card if you charge at least $11,800 to your credit card every year, regardless of the category.
  • Get the Capital One Quicksilver Cash Rewards Credit Card instead of the Capital One VentureOne Rewards Credit Card if you spend below $11,800 on your credit card annually. We can’t recommend the Capital One VentureOne Rewards Credit Card to anyone, since most people will be able to qualify for significantly better deals through either Capital One or another issuer.

Capital One Venture Rewards Credit Card
Capital One VentureOne Rewards Credit Card

Capital One Venture Rewards Credit CardCapital One VentureOne Rewards Credit Card

Best For...People who spend over $11,800 annuallyAnyone who spends below $7,867 annually and wants only to get a Capital One miles credit card
Annual Fee$95$0
Rewards2 Miles per dollar on every purchase, every day1.25 Miles per dollar on every purchase, every day
BonusEnjoy a one-time bonus of 60,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $600 in travelEarn a bonus of 20,000 miles once you spend $500 on purchases within 3 months from account opening, equal to $200 in travel
Biggest DownsideOther travel credit cards from different issuers can get you a higher rewards rate, though they are more complicated to useMany no-annual-fee cash back credit cards will get you significantly better rewards
Purchase APR15.99% - 23.99% (Variable)14.99% - 24.99% (Variable)
ReviewLinkLink

If you’re unsatisfied with just the raw numbers behind the two Venture cards, keep on reading. In the next section, we go through each of the two offers in greater detail.

In-Depth Look At The Capital One Venture Rewards Credit Card & Capital One VentureOne Rewards Credit Card

We distilled the most important benefits and features of both credit cards to help you understand how they can work with your budget. This section contextualizes the major things you should know about the Capital One Venture Rewards Credit Card and the Capital One VentureOne Rewards Credit Card.

Capital One Venture Rewards Credit Card: An Excellent & Simple Travel Rewards Card

Capital One Venture Rewards Credit Card

On Capital One's Secure Website

$95

15.99% - 23.99% (Variable)

Excellent/Good

  • Enjoy a one-time bonus of 60,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $600 in travel
  • Earn unlimited 2X miles on every purchase, every day
  • Miles won't expire for the life of the account and there's no limit to how many you can earn
  • Receive up to a $100 credit for Global Entry or TSA PreCheck®
  • Earn 5X miles on hotels and rental cars booked through Capital One Travel, where you'll get our best prices on thousands of trip options
  • Use your miles to get reimbursed for any travel purchase—or redeem by booking a trip through Capital One Travel
  • Transfer your miles to your choice of 15+ travel loyalty programs
  • No foreign transaction fees

The Capital One Venture Rewards Credit Card is one of the few 2% fixed-rate travel rewards credit cards available today. Most other travel cards typically specialize in a few shopping categories like dining and travel. Those cards, like the Chase Sapphire Preferred® Card, tend to offer their users rewards rates above 5X points on travel purchased through Chase Ultimate Rewards®, 3X points on dining and 2X points on all other travel purchases They are great for people whose budgets skew heavily towards those specialty categories. However, if you are someone who has more varied spending (gas, groceries, clothing, electronics), the Capital One Venture Rewards Credit Card will be much better for you.

While this card doesn’t match the maximum rewards rates of some of the other travel rewards cards, it is significantly more well-rounded. The Capital One Venture Rewards Credit Card offers a flat 2 Miles per dollar on every purchase, every day, which translates to a 2% rewards rate when those miles are used to pay down travel expenses from your bill. Since there are no individual categories, you never have to worry about optimizing your use or specially manage your card.

The other thing to keep in mind about the Capital One Venture Rewards Credit Card is its annual fee: $95. Therefore, you need to make sure you’re getting enough value out of the card to justify paying this fee. You need to spend at least $4,750 to break even. However, you need to consider the opportunity cost as well. If we compare this to a card like the Capital One Quicksilver Cash Rewards Credit Card, which earns 1.5% Cash Back on every purchase, every day with $0 annual fee, you’d need to spend $19,000 annually to justify paying an annual fee.

Capital One VentureOne Rewards Credit Card: Mostly Irrelevant In Today’s Credit Card Climate

Capital One VentureOne Rewards Credit Card

On Capital One's Secure Website

$0

14.99% - 24.99% (Variable)

Excellent/Good

  • $0 annual fee and no foreign transaction fees
  • Earn a bonus of 20,000 miles once you spend $500 on purchases within 3 months from account opening, equal to $200 in travel
  • Earn unlimited 1.25X miles on every purchase, every day
  • Miles won't expire for the life of the account and there's no limit to how many you can earn
  • Earn 5X miles on hotels and rental cars booked through Capital One Travel, where you'll get our best prices on thousands of trip options
  • Use your miles to get reimbursed for any travel purchase—or redeem by booking a trip through Capital One Travel
  • Transfer your miles to your choice of 15+ travel loyalty programs
  • Enjoy 0% intro APR on purchases and balance transfers for 15 months; 14.99% - 24.99% variable APR after that

The Capital One VentureOne Rewards Credit Card is difficult to recommend to anyone. The card awards just 1.25 Miles per dollar on every purchase, every day, which translates to a 1.25% rewards rate on all purchases. Considering you need excellent credit to get this card, we think most users who find themselves in this scenario can do better – even when you consider other credit cards from Capital One. For example, the Capital One Quicksilver Cash Rewards Credit Card doesn’t charge any annual fee and still gives users a better rewards rate – 1.25 Miles per dollar on every purchase, every day.

The other distinguishing feature of the Capital One VentureOne Rewards Credit Card is its promotional APR. Cardholders can get a 0% intro on purchases for 15 months and 14.99% - 24.99% (Variable) APR after that. This is worth pointing out since the Capital One Venture Rewards Credit Card doesn’t have any such offer. However, once again there is no shortage of other offers that come with similar benefits. Once again we can turn to the Capital One Quicksilver Cash Rewards Credit Card as an example. This card provides a promotional APR if 0% intro on purchases for 15 months , and then 14.99% - 24.99% (Variable) APR. You can also find offers from other banks that provide 0% APR that lasts over 21 months, if you need more time. Therefore, the 12 months provided by the Capital One VentureOne Rewards Credit Card doesn’t stand out as noteworthy.

Alternatives

In searching for the best credit card offer, you should never limit yourself to just two choices. The more options you consider, the better your odds of ending up with a card that is well-suited for your particular financial situation. To that end, we took a look at two credit cards that are comparable to the Capital One VentureOne Rewards Credit Card and Capital One Venture Rewards Credit Card. We recommend checking these two offers out before applying for either of the Capital One cards.

Bank of America® Travel Rewards credit card

The Bank of America® Travel Rewards credit card is worth considering if you are after a good fixed-rate travel rewards credit card. This card earns unlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees and your points don't expire, and charges $0 annual fee. Overall, this is one of the better travel cards currently on the market.

Wells Fargo Cash Wise Visa® card

The Wells Fargo Cash Wise Visa® card is a credit card we'd always recommend over the Capital One VentureOne Rewards Credit Card on virtually all fronts. In terms of rewards, this card provides you a Earn unlimited 1.5% cash rewards on purchases, which will always be better than the 1.25 miles you get through the Capital One VentureOne Rewards Credit Card. Wells Fargo Cash Wise Visa® card cardholders get Earn a $150 cash rewards bonus after spending $500 on purchases in the first 3 months.

The information related to the Wells Fargo Cash Wise Visa® card has been independently collected by ValuePenguin and has not been reviewed or provided by the issuer of this card prior to publication.Terms apply to American Express credit card offers. See americanexpress.com for more information.

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.

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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 here are ValuePenguin's alone, not those of the card issuer, and 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 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).