Capital One VentureOne Rewards Credit Card: Simple travel rewards with no annual fee
Great for travel rewards with no annual fee
Annual Fee: $0
This content is curated by Intuit Credit Karma’s Editorial team using data from members who were approved for this card or similar cards, or who self-matched this card or similar cards. Intuit Credit Karma receives compensation from third-party advertisers, but that doesn’t affect our editors’ opinions. Our third-party advertisers don’t review, approve or endorse this content. Information about financial products not offered on Credit Karma is collected independently. Our content is accurate to the best of our knowledge when posted.
Here’s the average credit limit of members who matched their Capital One VentureOne Rewards Credit Card or similar cards.
% of members by credit limit range
The average credit limit for members who have matched with this card or similar cards is $9,659, with $10,000 being the most common.
Here’s the average credit score of members who matched their Capital One VentureOne Rewards Credit Card or similar cards.
% of members by credit score range
The average credit score for members who have matched with this card or similar cards is 700, with 811 being the most common. Note this is just one of the deciding factors when it comes to getting approved.
Member stats
Updated daily
30.6%
Average credit utilization (or what percent of the card’s credit limit is being used) of members who matched with this card or similar cards.
44 years
Average age of members who matched this card or similar cards.
$96,071
Average annual income of members who matched this card or similar cards. Note: Income may be estimated for some members by Credit Karma and may differ from members’ actual incomes.
Pros and cons
Image: yesNo annual fee
Image: yesSimple rewards makes planning your purchases less complicated
Image: yesSimple redemption options
Image: ConLess-generous sign-up bonus compared with other travel cards
Image: ConNo-frills card means fewer travel perks
Capital One VentureOne Rewards Credit Card review
Updated December 6, 2024
This date may not reflect recent changes in individual terms.
Written by: Lyn Mettler
The Capital One VentureOne Rewards Credit Card at a glance
- Annual fee: $0
- Sign-up bonus: 20,000 bonus miles after spending $500 on purchases in the first 3 months after the account opens.
- Estimated welcome bonus value: Up to $424
- Standout benefit: No annual fee
- Standout rewards rate: 5 miles per $1 on hotels and rental cars booked through Capital One Travel
- Foreign transaction fee: None
The Capital One VentureOne Rewards Credit Card best perks and features
Simple rewards
Some travel credit cards offer differing amounts of points or miles per each dollar spent in certain purchase categories, such as travel, dining or gas.
With the Capital One VentureOne Rewards Credit Card, you will earn at least a flat 1.25 miles per $1 across every purchase. You’ll also get an additional 5 miles per $1 on hotels and rental cars that you book through Capital One Travel.
The straightforward rewards help to simplify earning miles — and you don’t have to track your purchases closely to reap the card’s rewards. Plus, miles don’t expire as long as your account remains open.
No annual fee and no foreign transaction fees
One of the most appealing features of the Capital One VentureOne Rewards Credit Card is that its travel rewards come with no annual fee.
By comparison, the Capital One Venture Rewards Credit Card, charges an annual fee of $95. You get a higher flat rewards rate for that fee — 2 miles per $1 on all purchases — a boost that’s likely worth the fee if you enjoy traveling. (The Capital One Venture Rewards Credit Card also offers 5 miles per $1 on hotels, vacation rentals and rental cars that you book through Capital One Travel.)
The Capital One Venture Rewards Credit Card also charges no foreign transaction fee, which is valuable when traveling abroad.
Simple rewards redemption
One of the best features of the Capital One VentureOne Rewards Credit Card is the ease with which you can redeem miles.
Miles can be redeemed at a flat value of 1 cent per mile on travel, including hotels, airfare, car rentals, taxis and more. For example, if you have 20,000 miles, you could redeem that for $200 worth of travel purchases.
The redemption process is as simple as charging the expense to your card. You can then redeem your miles and Capital One will credit your account toward your qualifying purchase. Keep in mind that these requests must be made no later than 90 days after the purchase posts to your account.
You may be able to get more value on travel purchases by transferring Capital One miles directly to one of its participating hotel or airlines partners. Transfer partners include Air Canada ‒ Aeroplan®, Virgin Red and Wyndham Rewards.
What are the drawbacks of the Capital One VentureOne Rewards Credit Card?
An OK sign-up bonus
The Capital One VentureOne Rewards Credit Card offers 20,000 bonus miles after spending $500 on purchases in the first 3 months after the account opens. That’s not an especially lucrative offer from a travel card, but keep in mind that you don’t have to pay an annual fee to get this benefit.
By contrast, the Capital One Venture Rewards Credit Card offers 75,000 bonus miles after spending $4,000 on purchases in the first 3 months after the account opens. That benefit alone can more than make up for the $95 annual fee.
No-frills card means fewer travel perks
The low-cost Capital One VentureOne Rewards Credit Card doesn’t provide many of the perks that will make your life easier or more luxurious during your travels.
For instance, if you want to relax in an airport lounge before your flight, the Capital One VentureOne Rewards Credit Card won’t offer that. If you want credits for perks that will speed up your time spent in security lines like TSA PreCheck®, you’ll also have to look elsewhere — and likely pay an annual fee.
How to redeem miles for Capital One VentureOne Rewards Credit Card
Redeeming your miles earned with Capital One VentureOne Rewards Credit Card is simple.
First, you can charge the travel or other qualifying expense to your card. Then, within 90 days of the charge posting to your account, you can request a statement credit for the purchase.
Even if you don’t have enough miles to fully cover a purchase, you may still be able to redeem some to cover part of the cost.
You can also redeem your rewards by booking your travel directly through CapitalOne.com or calling Capital One Travel. Both systems allow you to book flights, car rentals, or hotels, and use miles to pay for the purchases. Each mile is equal to 1 cent in value for these travel redemptions, too.
Finally, cardholders can transfer their miles directly to select airlines. Depending on the rewards program, you may get a transfer ratio of 1:1, 2:1.5 or 2:1 for your miles.
If you’re not planning a trip any time soon but still want to get value from your miles, you can redeem them for cash back (via check or account credit), gift cards and more options. Capital One doesn’t promise a consistent value for your points if you choose these options, though, so we recommend redeeming for travel if possible.
Other cards to consider
If the Capital One VentureOne Rewards Credit Card isn’t the best match for you, take a look at these other choices.
Citi Double Cash® Card: If want a card with simple rewards and prefer to get cash back, this card is worth a look.
Capital One Venture Rewards Credit Card: This card is a good option for travelers who want a higher rewards rate for every day purchases and don’t mind an annual fee.
Chase Sapphire Preferred® Card: This card is a good option for travelers who typically spend more on dining out and travel.
Credit Karma’s methodology
Credit Karma uses qualitative and quantitative measures to review travel and premium credit cards. Our goal is to help you understand a card’s most useful features — and where it may fall short compared to other options.
We take into account factors such as unique rewards and benefits, ease of redeeming rewards, fees and rates, transfer partners, lounge access and rewards rates.
Credit Karma editors have also built some proprietary metrics to measure the value of rewards credit cards.
Our point valuations estimate how much rewards programs are worth. We look at both the value you could get by redeeming your points directly through a credit card issuer, as well as the value you could get by transferring your points and miles to an airline or hotel rewards program.
Instead of just telling you how many miles you could earn, the editors’ estimated bonus value multiplies the sign-up bonus by the reward program’s point valuations to tell you how much we believe they’re worth.
Our goal is that these metrics will help you decide whether the card’s rewards and benefits are worth it for you.
FAQs about the Capital One VentureOne Rewards Credit Card
To qualify for the Capital One VentureOne Rewards Credit Card, you’ll likely need strong credit.
Although Credit Karma can’t say for sure whether you’ll be approved, we’ve found that most of our members who have the Capital One VentureOne Rewards Credit Card or similar cards have good or excellent credit scores.
Your credit limit will vary depending on your specific financial circumstances.
But we’ve found that the majority of Credit Karma members who have the Capital One VentureOne Rewards Credit Card or similar have credit limits of $5,000 or more.
For travelers looking to earn rewards without an annual fee, the Capital One VentureOne Rewards Credit Card is a solid option. But if you want more rewards and perks from your travel card, you’ll need to pay an annual fee.
Member reviews
Most helpful positive review
March 11, 2015
APPROVED!
— Credit Karma Member
Credit Karma recommended I apply for Capital One's "VentureOne" card with good approval odds. I decided to apply, as I'd been working on improving my credit for the past two years. However, not wanting to just jump in, I researched both cards using Credit Karma's community reviews, credit card metrics, and other credit card boards for opinions, regarding approval. The general consesus is to use Capital One's "pre-approval" tool. Based on Capital One's questions/ remarks for defining "Excellent", "Average," or "Rebuilding," I defined my credit as "Excellent" - even though it's far from it: From Credit Karma: TransUnion Vantage Score: 687 TransUnion "New Account" (traditional FICO estimate): 629 From Capital One's report: TransUnion: 642 I chose "Excellent' based on my personal profile of not having the "Average" negative remarks/ notes. In any case, back to the pre-approval tool, they came back with the VentureOne as a recommendation. So, I figured I'd apply for the VentureOne - no lie, having Credit Karma's "recommend for you" (and the past couple years of credit rebuilding and the research) gave me the 'courage' to submit. 60 seconds later: APPROVED! Addional Credit Profile Notes: GOOD: My credit utilization, deragotory remarks, total accounts (mostly student loans), and credit inquiries were all in "Excellent" status. BAD: My payment history was very poor (95%), and my average age was poor (4y 7m). CAVEATS: All of my open/ current accounts have been on-time/ no lates for the past 2-3 years. My older accounts are student loans approaching 10 years. Lastly, I have 3 CLOSED/ REMOVED collection accounts. The most recent (and last) collection was closed less than a month before applying. I have a decent salary: $63,000. Additional Credit Card Notes: This was the first 'real' credit card I applied for in the past 2 years, after being declined. However, I took note of the reasons why I was declined (Chase Freedom (05/2013) and Macy's (03/2013) ) and worked on improving the areas noted. I chose to apply for the VentureOne card because I want to finance a trip to visit family in Florida and future flights/ trips - I live in California. I also intend to use it for higher expenses, like auto maintenance, to build miles. In the same 10min window, I applied for both the VentureOne and Quicksilver (approved for both) basically because I'd "burned" a hard inquiry anyways. I've reviewed my credit reports, and as I thought, I only have one hard credit inquiry for both cards. I was planning on applying for both eventually anyways, so this was a nice 2 for 1 opportunity. I hope my review helps some people with similar situations. I'll re-review the card, after I've had it longer. But so far, it's working as I'd expected it to, the customer service has been courteous and easy to work with (I had to update my address before receiveng the card), and the website is user-friendly.
Most helpful negative review
January 11, 2024
Poor card disclosure and waste time
— Credit Karma Member
I do not like this card as it promised 20k miles but all the airlines where you can use/transfer points are international carriers. No US airlines. What a waste of time getting this card