Capital One VentureOne Rewards Credit Card Review

The Capital One VentureOne Rewards Credit Card is the no annual fee version of the Venture. The better card depends on whether your can spend enough in a year to offset the annual fee.

About the Capital One VentureOne Rewards Credit Card Review

This Card is For: People with excellent credit who want a travel rewards credit card with no annual fee

Credit Rating Required: Excellent

Pros

  • No annual fee
  • Introductory interest rate on purchases
  • No balance transfer fee
  • Reward bonus

Cons

  • Earn less rewards than with the Capital One Venture
  • People with less than excellent credit won't qualify

Rewards

  • 1.25 miles on every dollar of purchases
  • 10,000 mile bonus for spending $1,000 in the first 3 months

Pricing Details

  • Promotional APR: 0% on purchases until November 2014
  • Purchases and Balance Transfer APR: 11.9% to 19.9%
  • Cash Advance APR: 24.9%
  • Penalty APR: 29.4%
  • Annual Fee: $0
  • Balance Transfer Fee: None
  • Cash Advance Fee: either $10 or 3%, whichever is greater.
  • Foreign Transaction Fee: $0
  • Grace Period: 25 days

Capital One VentureOne Rewards Credit Card Review

The CapitalOne VentureOne Rewards Credit Card is very similar to the Capital One Venture Credit Card, with a few differences. First, the VentureOne has no annual fee versus the Venture's $59 annual fee (waived in the first year). The VentureOne has lower possible APRs; Venture's APRs range from 13.9% to 20.9%.

The VentureOne has a 12-month promotional rate on purchases where the Venture has none. Both offer the 10,000 mile bonus for cardholders who spend $1,000 in the first three months.

The VentureOne rewards cardholders with 1.25 miles per dollar spent while the Venture rewards with 2 points. You'll reach your rewards balance a whole lot sooner, but at a higher cost - $59 a year.

Recommendation

Nerdwallet.com compared the cost of each card, calculating how much you have to spend a year to make the Venture worth it. If you make less than $8,000 in credit card purchases a year, the VentureOne is the better credit card for you. If you spend less than that, the annual fee on the Venture isn't high enough to negate the rewards.

VentureOne's promotional APR also makes it a more attractive deal than the Venture, allowing you earn rewards without paying any interest for a few months.

Last updated November 18, 2013. Credit card terms and sign-up bonuses are subject to change from the time of this review. Refer to the application for current terms and conditions.