The biggest drawback is that you need to pair them with a second card that does charge an annual fee in order to unlock airline transfer options, while the Capital One VentureOne Rewards Credit Card gives you that option for free. If you're looking primarily for cash back, those are clear-cut winners. Insider's points and miles valuations peg Capital One miles as worth 1.7 cents each, on average, when you transfer them to Capital One's airline and hotel partners.Īt that rate, if you're spending $12,666 a year or more on your Venture card, you'd be guaranteed to break even on the annual fee and you'd be better off picking the regular Venture card with the larger bonus.Įven if you're committed to sticking to a no-annual-fee card, you can out-earn the Capital One VentureOne Rewards Credit Card quite easily with competitors like the Chase Freedom Unlimited® and Citi® Double Cash Card. The Capital One Venture Rewards Credit Card has a $95 annual fee, but out-earns the Capital One VentureOne Rewards Credit Card by 0.75% if you're redeeming your rewards at a 1 cent per mile rate to get reimbursed for any travel purchases, and possibly more if you're transferring them to airline and hotel partners instead. Who Should and Shouldn't Consider the Capital One Venture One Card When using a credit card, it's important to pay your balance in full each month, make payments on time, and only spend what you can afford to pay. These cards won't be worth it if you're paying interest or late fees. We're focused here on the rewards and perks that come with each card. Ultimately it's up to you to analyze your spending patterns and decide whether this is the most rewarding option for you, or if you'd actually come out ahead by paying the $95 annual fee on the regular Capital One Venture Rewards Credit Card. That said, the card comes with a 0% APR offer that sweetens the deal new cardholders receive a 0% intro APR on purchases and balance transfers for 15 months, followed by a 19.74% - 29.74% Variable APR. Some of the best no-annual-fee credit cards offer 1.5x or even 2x rewards, so the VentureOne has some stiff competition. Unfortunately, that lower earning rate makes the VentureOne Rewards Card a tough sell for most people. The VentureOne Rewards Card is almost identical to the Capital One Venture Rewards Credit Card with two key differences: It earns 1.25x miles per dollar on most purchases (while the Venture earns 2x), and it has a lower welcome bonus the Capital One Venture Rewards Credit Card currently offers 75,000 miles after spending $4,000 on purchases within 3 months from account opening. ![]() It's now offering a welcome bonus of 20,000 miles after spending $500 on purchases within three months from account opening. Enter the Capital One VentureOne Rewards Credit Card, a no-annual-fee version of the popular Capital One Venture Rewards Credit Card. Capital One Venture One Review: Is It the Best Credit Card for You?ĭepending on how much you spend on your cards though, that tradeoff might very well be worth it. Opting for a card that doesn't charge an annual fee almost certainly means you'll be giving up benefits and settling for lower earning and redemption rates. It's one of the few no-annual-fee cards on the market that gives you the option to redeem miles for cash back or transfer them to travel partners.Īs with many things in life, you get what you pay for when it comes to credit cards. The VentureOne Rewards Card is a slimmed-down version of the popular Capital One Venture Rewards Credit Card. ![]() Read Our Review A looong arrow, pointing right
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