Capital One VentureOne Card Review

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At first glance, the VentureOne from Capital One may seem underwhelming, as its rewards-earning rate can’t keep pace with the competition. But it’s also one of the only no-annual fee travel cards that lets you transfer miles to airline partners, making it an intriguing pick for frequent flyers.

Capital One® VentureOne® Rewards Credit Card

Overall Rating
4.5
Capital One® VentureOne® Rewards Credit Card
Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Good - Excellent
Regular APR (%) 15.49% - 25.49% variable
Annual Fee $0
Rewards Earning Rate Earn 1.25 miles per dollar on every purchase.
INTRO PURCHASE APR 0% for 12 Months
Foreign transaction fee (%) 0%
Ratings Breakdown
for Interest
3.2
for Fees
3.4
for Rewards
3.1
for Credit
3.7
Current Offer

Earn 20,000 miles once you spend $1,000 on purchases within the first 3 months from account opening.

Who Is This Credit Card Best For?

  • Avatar for Jet Setter Persona
    Flies regularly and likes finding ways to score even more travel—for free See more cards
    Jet Setter
  • Avatar for Deal Seeker Persona
    Diligently searches for the best products and delights in a good bargain See more cards
    Deal Seeker
  • Avatar for Road Warrior Persona
    Hits the road often, whether for work or play See more cards
    Road Warrior
  • Avatar for Adventure Seeker Persona
    Loves to explore places and experience new things See more cards
    Adventure Seeker

Frequent flyers looking to round out their rewards-earning game may want to consider the VentureOne card. Unlike some of its no-annual-fee competitors, the VentureOne card lets you transfer your miles to select airline frequent flyer programs. So, if you usually fly on one of Capital One’s travel partners, and you’re looking for a card to supplement your miles earnings, the VentureOne card may be a good fit for you. 

Pros
  • Simple and predictable rewards

  • Miles transfer to travel partners

  • Easy-to-get bonus for new cardholders

Cons
  • Modest rewards earnings rate

  • Limited travel partners

Pros Explained

  • Simple and predictable rewards: You won’t earn a lot of miles, but you won’t ever be left guessing about it, either. You earn 1.25 miles per $1 spent. If you charge $1,000, you can earn 12,500 miles. 
  • Miles transfer to airline partners: The VentureOne card is one of the few no-annual-fee travel cards that lets you transfer miles to partner airline frequent flyer programs.
  • Easy to get bonus for new cardholders: We also like that the VentureOne card offers a generous welcome bonus, but doesn’t require a ton of spending to get it. You just need to charge $1,000 before your card’s three-month anniversary to get 20,000 bonus miles, which are worth at least $200.

Cons Explained

  • Limited U.S. travel partners: Capital One’s list of domestic airline transfer partners is also severely limited. JetBlue is currently the only domestic airline that partners with Capital One. That said, Capital One does partner with several large foreign airlines, such as Air France and Emirates.

Capital One VentureOne Card Bonus for New Cardholders

If you spend $1,000 within the first three months of having the card (about $334 a month), you’ll earn 20,000 bonus miles. That’s worth at least $200 in past travel purchases(more on that later), which is pretty good for a no-annual-fee travel-rewards card.

That said, it's not the most generous promotion available, so you may wish to shop around.

Earning Points & Rewards

Earnings rewards through the VentureOne card is simple: You get an unlimited 1.25 miles for every $1 that you spend. That can add up quickly. If you charge $1,000 a month, you’ll earn $150 worth of travel by the end of the year. 

However, if earning travel-related points or miles isn’t your main goal, you can almost certainly do better by looking at other cards that offer better rewards—1.5 points per $1 spent or 2% cash back are common.

A benefit of owning this card is that you don’t have to rush to redeem your rewards. Capital One miles don’t expire as long as your account remains open. You will forfeit your rewards, though, if you or Capital One closes your account. 

Redeeming Rewards 

Capital One also makes it easy to redeem your rewards. If you decide to redeem your rewards for travel, you have two fairly simple options. You can purchase travel yourself and then use Capital One’s “Purchase Eraser” tool to “erase” the purchases from your credit card statement. Note that you must use Purchase Eraser within 90 days of your purchase.

It’s not easy redeem rewards on travel right now, so, for a limited time, Venture allows cardholders to redeem points/miles on stuff many people are spending money on right now: restaurants (including delivery and takeout) and streaming entertainment services. See “Credit Card Deals Help You Earn and Use Travel Benefits During COVID-19” for the latest details. 

Also, you can use your rewards miles to pay for travel that you have booked through Capital One’s rewards center. Travel purchases that you can purchase directly with rewards include hotel rooms, car rentals, and airfare. 

When you redeem rewards for travel using Purchase Eraser or the Capital One rewards center, your miles will be worth a penny each. So, a $500 airfare will cost 50,000 miles. 

In addition, you can transfer your miles to any of Capital One’s 13 airline partners. Your miles are worth up to 1.71 cents, depending on which airline you choose. 

However, your miles are worth only 0.75 cents with JetBlue, your only domestic airline option. With rewards cards, the goal is to get at least 1 cent of value for every point or mile you redeem. Since a JetBlue miles transfer doesn’t give you that value, you may want to consider booking a flight through the Capital One travel portal or another website, and then using the Purchase Eraser option to pay for the flight.  

You can also redeem Capital One miles for gift cards (0.8 cent per mile) and cash back (0.5 cent per mile).

Finally, you can use your miles to cover charges at Amazon.com, although redemption values may vary.

How to Get the Most Out of This Card

Use your card for everyday purchases and spend your miles on travel—either with the eraser tool, or via Capital One’s rewards center. Frequent flyers looking for additional rewards on purchases not covered by their go-to rewards card can use VentureOne to fill in the gaps—without paying another annual fee. 

This card also offers a relatively brief introductory 0% interest offer on purchases. It’s only 12 months, but if you are planning a major purchase, putting it on a new VentureOne card will get you a break on paying interest, and a jump start on earning the new cardholder bonus. 


If you prefer a card from Capital One, you may also want to consider upgrading to the Venture card, which has a $95 annual fee but offers 2 miles per dollar spent and a 50,000-mile welcome bonus.

The VentureOne Card’s Excellent Perks

Depending on creditworthiness, Capital One may provide you with either a Visa Signature or Visa Platinum credit card. If you qualify for a credit limit over $5,000, you may be given a Visa Signature card, which offers additional cardholder benefits. Some of these benefits are perks our editors have deemed as being “excellent” because they’re more valuable than the standard perks offered by many rewards cards.

Coverage for lost luggage: If your carry-on or checked baggage is lost on a trip paid for with your Venture card, you could be reimbursed for up to $3,000. (Visa Signature card only). 

Travel accident insurance: If an accident happens while you and your family are traveling on a trip paid for with your card, you could be reimbursed for up to $250,000 against accidental death or dismemberment. (For Visa Platinum cardholders the maximum benefit is $100,000.)

The VentureOne Card’s Other Features

Note that some of these features are only available with the Visa Signature card.

  • Rental car collision insurance (secondary to your own policy) (Visa Platinum, too)
  • Extended warranties (Visa Platinum, too)
  • Insurance for stolen or damaged purchases
  • Roadside assistance hotline
  • Concierge for booking event tickets, travel, and other services
  • Travel and emergency assistance hotline (Visa Platinum, too)
  • Sports, music, and event ticket presales, plus VIP access at some events

Customer Experience

Capital One ranked third of 11 companies the most recent J.D. Power credit card customer satisfaction survey, good enough for a rating of “About average.”. You can expect 24/7 customer service via phone or chat. There’s a bot (“Eno”) that can answer questions about your account, too.

Capital One offers a well-regarded credit card smartphone app, too, which scored a little higher in a separate J.D. Power survey: second overall and 875 points out of 1,000.

For credit-score watchers, Capital One provides a free credit score monitoring tool called CreditWise (available to non-cardholders, too), which gives you a look at your VantageScore.

Security Features

Capital One offers a full suite of security tools that are standard for the industry, including identity theft warnings,virtual card numbers for online purchases and card locks if your card is lost or stolen.

The Capital One VentureOne Card’s Fees

There are no surprises in the fine print. This card’s fees are aligned with industry standards.

Next Steps
For Capital One® VentureOne® Rewards Credit Card
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CURRENT CARD
Capital One® VentureOne® Rewards Credit Card
overall rating
4.5
Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Good - Excellent
Regular APR (%) 15.49% - 25.49% variable
Annual Fee $0
Rewards Earning Rate Earn 1.25 miles per dollar on every purchase.
Our Methodology
At The Balance, we are dedicated to giving you unbiased, comprehensive credit card reviews. To do this, we collect data on hundreds of cards and score more than 55 features that affect your finances.
  • Our Reviews Are Always Impartial: No one can influence which cards we review, the way we present them to you, or the ratings they receive. The scores and reviews come directly from the data we collect and our editorial expertise, and we focus on three areas:
  • How Much Does It Cost? With credit card debt at an all-time high, we believe you should know the cost of carrying a balance. Because of that, we give regular purchase APRs significant weight in overall scores, and cards receive low marks if they have an array of pricey fees.
  • What Are the Rewards Worth? Cards accumulate rewards in different currencies—points, miles, cash back—and their values vary widely. To simplify the problem, we built a system that fairly compares rewards and gives them a dollar value. We do this by looking at the ways you can earn and use rewards, which includes evaluating Americans’ typical spending habits and analyzing common travel patterns.
  • Does It Make Your Life Easier? Our scoring system favors cards that accept a wide range of credit profiles and offer simple solutions for things like checking your credit score or contacting customer service. Finally, we give preference to credit cards that have several tools for dealing with fraudulent charges.
  • For every review on The Balance, we hold the credit cards to these standards, and we set the bar high. While we recognize the appeal of splashy features like six-digit sign-up bonuses, our approach ensures that credit cards with the best combination of value, affordability, and accessibility receive the highest scores. See our full methodology for more details.

Article Sources

The Balance requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy .
  1. Capital One. "Venture One -- Miles Rewards With No Annual Fee." Accessed July 15, 2020.

  2. Capital One. "Your Guide to Benefits: Visa Platinum Card." Accessed July 15, 2020.

  3. Capital One. "Your Guide to Benefits: Visa Signature Card." Accessed July 15, 2020.

  4. J.D. Power. "2019 Credit Card Satisfaction Study." Accessed July 15, 2020.

  5. J.D. Power. "2019 Banking and Credit Card Mobile App Studies." Accessed July 15, 2020