Capital One® VentureOne® Rewards Card
The VentureOne card from Capital One is an excellent no-fee rewards credit card. The card is part of the Venture Rewards program, which is easy to use, flexible and rewarding.
Every Venture mile is redeemable for 1 cent in travel, so the card’s 20,000 miles sign-up bonus is worth $200 toward travel purchases. Since there’s no annual fee, that’s essential free money.
You’ll earn even more miles fast thanks to the VentureOne card’s generous earning potential on everyday purchases. Every dollar you spend earns 1.25 miles, so you don’t have to worry about special bonus earning categories in order to maximize your points. Every single dollar you spend earns bonus points. Not a lot of cards are that rewarding.
Using the miles you earn is extremely easy, too. Just make a travel purchase with your card and apply your miles toward a statement credit. You don’t have to worry about blackout dates or limited award space, which can be a problem with traditional airline frequent flyer programs.
Bonuses and Benefits
Knowing what benefits come with a credit card can help you decide if it’s a good fit for you. Here we cover the bonuses and perks that the VentureOne® from Capital One® offers and the value of the Capital One Venture® Rewards miles you earn.
The Capital One VentureOne card comes with a 20,000 miles sign-up bonus. You have to make just $1,000 in purchases during the first three months to get the bonus. Those miles can be redeemed for $200 of travel. That’s not bad for a free card with a low minimum spend. Travel can include anything from airfare and taxis to hotels and car rentals, making it extremely easy to use your miles. The card does not come with any other bonuses, such as extra miles for referring a friend.
The miles you earn with the VentureOne will never expire as long as your account remains active. You can take as long as you need to save enough miles to pay for a dream vacation, or start spending them as soon as you earn them. The choice is yours.
What You Get
- Earn 20,000 miles after you spend $1,000 on purchases in the first 3 months
- Earn unlimited 1.25 miles per dollar on every purchase, every day
What is the value of the Venture® Rewards Miles?
Miles in the Venture Rewards program have a fixed value of one cent each. But since you’ll earn 1.25 miles for every dollar you spend, the return is actually better than that. For example, if you spend $100, you’ll earn 125.0 miles that are worth $1.25 in travel purchases. That’s a 1.25% return.
Venture Rewards miles can only be used for statement credits toward travel purchases. They cannot be transferred to airline frequent flyer programs, so their value will not fluctuate by program or redemption. You can simply buy what you want and apply miles toward your travel purchase.
If you buy travel through the Venture® Rewards website, you’ll get a value of 1.25 CPM
What is CPM and How Is It Calculated?
Cents Per Mile (CPM) is a way to measure the value of miles or points. It tells you how many cents you get for each mile or point you redeem by dividing the cash price of the airline ticket by the number of miles or points the award flight costs. That amount is multiplied by the number of miles or points earned per dollar spent on everyday purchases to account for cards that earn more than one mile per dollar spent.
How we calculate CPM:
The Best Ways to Redeem Capital One Miles
The Capital One Venture Rewards program works in much the same way as traditional cash-back credit cards. Miles are redeemable for statement credits, but with the added catch that they must be applied toward travel purchases. That still gives you a lot of flexibility when redeeming miles since Capital One defines travel broadly. Venture miles can be applied to purchases made from airlines, hotels, rail lines, car rental companies, limousine services, buses, cruise lines, taxis, travel agents and time shares.
New York–PhiladelphiaEconomy classMiles price84,300milesDollars price$843
Seattle–Los AngelesEconomy classMiles price60,500milesDollars price$605
San Francisco–WashingtonEconomy classMiles price64,000milesDollars price$640
Newark–PeruEconomy classMiles price68,400milesDollars price$684
Los Angeles–CairoEconomy classMiles price153,800milesDollars price$1,538
San Francisco–SeoulEconomy classMiles price141,322milesDollars price$1,413
Miami–AtlantaBusiness classMiles price48,400milesDollars price$484
Orlando–Las VegasBusiness classMiles price145,400milesDollars price$1,454
Denver–HoustonBusiness classMiles price239,400milesDollars price$2,394
Dallas–Hong LongBusiness classMiles price407,500milesDollars price$4,075
Chicago–MontrealBusiness classMiles price55,700milesDollars price$557
Honolulu–San JoseBusiness classMiles price155,100milesDollars price$1,551
Other ways you can redeem miles
Hotel StaysAny partnersAny part.
Since Venture Rewards miles can be redeemed for statement credits toward any travel purchases, you can use your miles to pay for stays at any hotel.
Car RentalAny partnersAny part.
Car rentals count as travel purchases, so you can use miles with any rental car company.
You can get cash back in the form of statement credits or a check, though the redemption rate isn’t as good as it is for travel purchases. The current return for cash back is reported to be only 0.625%, and that can change at any time.
While the VentureOne’s 20,000 miles sign-up bonus is a great way to start saving on travel costs, you’ll also be earning a lot more miles fast. That’s thanks to the card’s generous earning on everyday purchases.
- Car Rental
- All Other Purchases
One of the best features of the VentureOne credit card is that you’ll earn bonus miles on every purchase you make and there’s no limit on the amount of miles you can earn. Most cards offer more than one mile per dollar for only select purchases that fall into specific categories, such as airfare and groceries. But The VentureOne card gives you 20,000 miles for every dollar you spend, no matter what you spend it on.
Travel Upgrades and Savings
Free upgrades and discounts at select hotels and resorts are part of the Visa Signature card benefits.
Complimentary Concierge Service
Enjoy free assistance 24-hours a day, even while you’re traveling.
No Foreign Transaction Fee
Use your card anywhere in the world and never pay additional fees.
Earn Elite Status Fast
You cannot earn miles toward elite status with any loyalty program with the VentureOne card. Capital One does not partner with any airline or other travel organization.
Fees: the cost of Having the Card
This card does not have annual fee. That means that every mile you earn is essentially free. How can you go wrong?
- Annual Fee
- Balance Transfer Fee
- Foreign Transaction Fee
- Late Payment Fee
- Up to $35
VentureOne is a no-fee card. You do not have to earn a certain amount of rewards in order to cover its cost since it’s free. It’s still good to know about how much you’ll earn with the card. We’ve broken out our estimates for the first- and second-year net earnings.
These estimates are based on an annual monthly spend of $2,000
Top 5 Benefits of VentureOne From Capital One
VentureOne from Capital One is a solid no-fee card offering some excellent benefits. Below are the top five perks that come with the VentureOne card.
- Great Earning Potential: You’ll get bonus points for every purchase you make. No matter what you buy, you’ll earn 1.25 miles for every dollar spent. Those miles will add up fast.
- Hassle-Free Redemptions: Miles can be applied to any travel purchases, not just airfare. On top of that, you don’t have to worry about blackout dates or limited award space because you buy the travel you want and then apply miles to the purchase.
- No Annual Fee: It’s hard to be a rewards card that does not charge an annual fee. Every reward you earn is essentially free!
- Sign-Up Bonus: For a no-fee card, 20,000 miles is an excellent sign-up bonus. It’s worth $200 in travel. All you have to do is spend $1,000 during the first three months you have the card.
- Excellent Travel Insurance Benefits: You’ll get great insurance coverage just for using your card to purchase travel. Coverage includes car rental insurance, lost luggage reimbursement and travel accident insurance.
Should You Get the Capital One VentureOne Card?
If you’re looking for a no-fee rewards card that offers a solid sign-up bonus and hassle-free redemptions, than the the VentureOne card from Capital One is a great option. You’ll get 20,000 miles worth $200 for spending just $1,000 in 90 days, plus you’ll earn a generous 1.25 miles per dollar for every purchase.
Getting the card is a risk-free proposition because it won’t cost you a penny. Whatever miles you earn with the card are pure profit because there aren’t any fees. You can even use the card while traveling internationally, since there are no foreign transaction fees either.
The major drawback of the VentureOne card might also be its best feature. You cannot transfer miles to airline frequent flyer programs. While that means you won’t be able to get more than the fixed redemption value of 1 cent per mile, you also won’t have to hunt down award seats at the best redemption rates. Just buy what you want and redeem your miles for statement credits.
This card is good for anyone who wants the process of redeeming miles to be as easy as possible, including those who are new to collecting points and miles. But the VentureOne card can also be useful to more experienced travel hackers, giving them an option when they don’t have miles with the right frequent flyer program or when redemptions are expensive or hard to find.
Need more info? Check out our frequently asked questions. If you have other questions, please click on “Ask Now” below.
While there are important differences between the two cards, both are a great option if you’re looking for an easy to use reward program. With either card you can apply miles toward any travel purchases. That includes everything from airfare to taxis.
The VentureOne card is a no-fee card, whereas the Venture® Rewards Credit Card has a $59 annual fee that’s waived the first year. That fee gets you twice the sign-up bonus and double points for all purchases. That means you’ll get 40,000 miles after spending $3,000 with the Venture card compared to VentureOne’s 20,000 miles after spending $1,000.
The VentureOne card has a solid earning scheme of 1.25 miles per dollar spent, but the Venture card offers an excellent 2 miles per dollar. That means you’ll earn miles a lot faster with the Venture card. It’s hard to say, though, if it’s worth paying for the annual fee for better perks since the VentureOne is essentially free and an excellent card in its own right.
Redeeming Venture Rewards miles is easy. In fact, it’s one of the card’s best features. Just purchase travel with the VentureOne card and then redeem your miles for statement credits toward that purchase. There is not a Capital One Venture Miles redemption chart, and you are not limited to any airline.
Each mile is worth one cent, so 10,000 miles can be used to erase $100 in travel purchases. A wide variety of purchases are classified as travel, including big vacation expenses like airfare, hotels and car rentals, as well as some everyday commuting costs, such as taxis, subways and buses.
You can also buy airfare, hotels and car rentals directly through Capital One. Those purchases will never appear on your monthly statements if you have enough miles to cover the cost.
The VentureOne card has several cardholder benefits geared toward the traveler, including travel accident insurance. If you use your card to pay for travel aboard a plane, bus, train or cruise boat, you’ll be covered up to $250,000 for accidental loss of life, limb, sight, speech or hearing.
The card also comes with a car rental damage waiver, lost luggage reimbursement, travel assistance and roadside dispatch. Wherever you’re traveling, you can always call Visa customer service and get help when you need it.
Do I have to pay off my card every month to earn miles? What are the requirements for redeeming rewards?
You do not have to pay off your balance every month to earn miles for the purchases you’ve made. However, you do have to make the minimum payment by the due date. If you don’t, you will forfeit the miles you’ve earned during that billing period.
You cannot lose miles if your account is active, but if you miss a payment or if your account is otherwise not in good standing you cannot redeem rewards. Your miles will, in effect, be frozen. Once you’ve made the necessary payments, though, the full balance of your miles will be available.
All purchases made with the VentureOne card earn miles at a rate of 1.25 miles per dollar spent. Some account activity does not earn rewards, including travelers’ check purchases, cash advances, balance transfers, purchase checks and purchase credits.
If you’re unsure if a certain type of account activity will earn miles, contact Capital One at 1-800-227-4825 or 1-800-228-3001.
You can redeem miles for any portion of a travel purchase you’ve already made using Capital One’s Purchase Eraser. Simply buy the travel you want and redeem any number of miles at the rate of one cent per mile toward that purchase.
There are a few restrictions, though. Miles can only be applied to travel purchases made in the last 90 days, and a minimum of 2,500 miles must be used per redemption. It will take 2 to 3 days for statement credits to be applied to your account.
If you decide to purchase future travel through Capital One’s online travel portal powered by Orbitz, you won’t see the purchase on your account statement. You can redeem any number of miles you want to make those purchases, but you must have enough miles to cover the entire cost of the purchase. You cannot pay for future travel through Capital One with a combination of miles and cash.
The VentureOne card is a Visa Signature card. Capital One does offer other cards as MasterCards, but not the VentureOne. It is exclusively a Capital One Visa.
If your card is lost or stolen you should immediately report it to Capital One. If you’re in the U.S., call customer service at 1-800-227-4825. For calls from outside the U.S., Capital One has a international collect call line: 1-804-934-2001.
Capital One does not disclose the exact credit score applicants need in order to get the card, but you do have to have an excellent credit history. The issuer states that the ideal applicant has never declared bankruptcy or defaulted on a loan, nor been more than 60 days late paying a bill in the last year. Having a credit card with a credit limit of $5,000 or more for at least 3 years will also improve your chances of getting the card.
It’s clear that the standards are a bit flexible, so you may want to apply even if you don’t meet all of the qualifications above. You can always call Capital One in advance and ask an agent if, given your credit score, you’d be likely to get a card. Sometimes you’ll be offered a card with a smaller credit limit if you don’t have a great credit score.
Compare Capital One Venture Rewards Cards
Capital One offers two travel rewards cards, VentureOne and Venture Rewards. Unlike the VentureOne card, the Venture Rewards card has a $59 annual fee, but it comes with a bigger sign-up bonus and earns 2 miles per dollar instead of VentureOne’s 1.25 miles.
Other Venture Rewards cards
Capital One offers two travel rewards cards, VentureOne and Venture Rewards. Unlike the VentureOne card, the Venture Rewards card has a $95 annual fee, but it comes with a bigger sign-up bonus and earns 2 miles per dollar instead of VentureOne’s 1.25 miles.
|Venture® Rewards Credit Card|
|Sign-up bonus||50,000 miles||20,000 miles|
|Annual Fee||$0 intro for the first year, $95 thereafter||$0|
|APR On Purchases||14.24% to 24.24% Variable±||13.24% to 23.24% Variable±|
|Second Year Value||$480||$300|
If you want to get a card to cover some immediate travel expenses, you should consider the more expensive Venture Rewards card. Not only is the annual fee waived for the first year, but the sign-up bonus is worth $400, which is twice as much as VentureOne’s bonus.
In the long term, you’ll want to be sure that the rewards you earn will be worth at least as much as the annual fee. To cover Venture Rewards’ $95 fee, you’ll have to spend at least $2,950 a year. The VentureOne card is a safer bet because you’ll never have to pay an annual fee.
Compare VentureOne® Rewards Credit Card to other Cards
The VentureOne card is a great choice if you’re looking for a no-fee travel card with hassle-free redemptions, but there are other options too. All of the cards below allow you to redeem miles for statement credits toward travel purchases or for cash back.
- Barclaycard Arrival Plus™ World Elite MasterCard®
40,000 points offerRead Review
- Discover it® Miles Card
Unlimited 1.5X rewards on every purchase offerRead Review
- Quicksilver® Cash Rewards Credit Card
$150 bonus offerRead Review
The VentureOne card has the biggest sign-up bonus of the no-fee cards, which include Discover it Miles and Capital One Quicksilver. However, those cards have a slightly better earning potential at 1.5 miles for every dollar spent. VentureOne offers only 1.25 miles.
The Discover card doesn’t come with a sign-up bonus, and VentureOne’s bonus is worth twice as much as Quicksilver’s. Is it worth giving up at least $100 worth of sign-up bonus for an additional 0.25 miles per dollar on purchases? It might be if you plan to keep the card for more than a year and use it for everyday purchases.
The Barclaycard Arrival Plus, on the other hand, is clearly a better card than the competition. Its 40,000-miles sign-up bonus is worth $400 and every dollar spent earns 2 miles. However, it comes with an $89 annual fee. If you’re willing to pay an annual fee, consider the Barclaycard. Otherwise, stick with the VentureOne.
Whenever you apply for a credit card make sure you read the terms and conditions of the card and the rewards program to find out about minimum spend requirements and any restrictions to ensure you can successfully obtain the card and earn the rewards it offers.
Card Terms and Conditions
- Intro APR:
- 0% introductory APR for the first 12 months that your account is open
- Ongoing APR:
- 13.24% to 23.24% Variable±
- Intro APR for balance transfers:
- See Terms and Conditions
- Minimum Grace Period:
- 25 days
Cash Advance Features
- Ongoing APR:
- 24.24% Variable±
- Cash Advance Fee:
- Either $10 or 3% of the amount of each cash advance, whichever is greater
Security and Protections
Capital One is focused on security. The VentureOne card comes with a variety of features to help protect you against fraud, theft and unauthorized purchases.
- Security Alerts:
- Get personalized emails and text messages about your account and recent activity.
- Fraud Coverage:
- Lost or stolen cards are covered with $0 fraud liability.
- 24/7 Account Monitoring:
- Capital One will keep a constant eye on your credit card account and will let you know if there’s any unusual activity.
- Capital One CreditWise:
- This feature will monitor your credit score for any suspicious activity, including recently opened accounts and inquiries made on your history.
The VentureOne card comes with a wide variety of mobile banking options, making it easy to check your account status and make purchases wherever you are. Here are some of the great mobile banking options that come with this card.
- Capital One Wallet:
- The Capital One credit card app works with Apple and Android devices, giving you an easy way to organize all of your Capital One cards. You’ll get instant purchase notifications, receipt capture, gift card digitization, the ability to lock your card and more with this all-in-one banking app.
- Apple Pay:
- You can make everyday purchases at your favorite stores and online with your iPhone, iPad, Apple Watch or Mac. It’s safe, secure and easy.
- Android Pay:
- Link your Capital One card to your Android device and start paying for purchases made in stores, in apps and online.
Additional Cardholder Benefits
VentureOne Visa Signature card comes with all of the premium cardholder benefits you’d expect from a rewards credit card. Whether you’re traveling for business or pleasure, you can rest a little easier knowing that your card includes the following coverage and perks.
Visa Signature Travel Benefits
- Auto Rental Collision Damage Waiver:
- Coverage for theft and collision for most rentals in the U.S. and abroad. Coverage is secondary to your personal auto insurance.
- Travel Accident Insurance:
- Receive free coverage for accidental loss of life, limb, sight, speech or hearing for up to $250,000 for any air, bus, train or cruise ship transportation paid for with your card.
- Lost Luggage Reimbursement:
- Checked and carry-on bags are covered for up to $3,000 if lost or stolen.
- Roadside Dispatch:
- Towing and locksmith referrals are available 24 hours a day, 7 days a week.
- Travel and Emergency Assistance Services:
- Help with medical, legal and travel problems are just a phone call away.