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Capital One VentureOne Was One of My First Rewards Card: Review From a Long-Time User

Review Updated
Robin Hartill, CFP
Author: Robin Hartill, CFP
Robin Hartill, CFP
Robin Hartill, CFP
Writer

Robin Hartill, CFP®, is Motley Fool Money’s Head of Product Ratings and has worked for The Motley Fool since 2020. Her work has appeared in various national publications, including NerdWallet and CNET Money. She previously wrote The Penny Hoarder’s syndicated “Dear Penny” personal finance advice column. She is based in St. Petersburg, Florida.

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Eric McWhinnie
Fact Checked: Eric McWhinnie
Eric McWhinnie
Eric McWhinnie

Eric McWhinnie has been writing and editing digital content since 2010. He specializes in personal finance and investing. He also holds a bachelor’s degree in Finance.

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Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures that our product ratings are not influenced by compensation. Terms may apply to offers listed on this page.

The Capital One VentureOne Rewards Credit Card is good for occasional travelers who don't want to pay an annual fee, along with those seeking a 0% intro APR for a balance transfer or large purchase. There are cards with more generous points and welcome bonuses, but they typically come with an annual fee that may not be worth it for those who only travel once or twice a year.

Read on to find out if the card is worth your while in this Capital One VentureOne Rewards Credit Card review.

Ratings Methodology

Capital One VentureOne Rewards Credit Card

Apply Now for Capital One VentureOne Rewards Credit Card

On Capital One's Secure Website.

Rates & Fees External Link Icon

Capital One VentureOne Rewards Credit Card
Rating image, 4.00 out of 5 stars.
4.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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= Excellent
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Rating image, 4.00 out of 5 stars.
4.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Credit Score: Circle with letter I in it. Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.
Recommended Credit Score required for this offer is: Good/Excellent (670-850)
Apply Now for Capital One VentureOne Rewards Credit Card

On Capital One's Secure Website.

Rates & Fees External Link Icon

Credit Score Circle with letter I in it. Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.

Good/Excellent (670-850)

Intro APR

Purchases: 0% intro on purchases for 15 months

Balance Transfers: 0% intro on balance transfers for 15 months (Balance Transfer Fee Applies)

Regular APR

19.49% - 29.49% (Variable)

Rewards Circle with letter I in it. Earn unlimited 1.25X miles on every purchase, every day. Earn 5X miles on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options.

1.25X-5X miles

Annual Fee

$0

Welcome Offer Circle with letter I in it. 20,000 Miles once you spend $500 on purchases within 3 months from account opening

20,000 Miles

  • What really stands out is the incredibly easy-to-earn sign-up bonus. You can earn a 20,000-mile bonus (worth $200) after spending only $500 in your first 3 months (that's like earning 40x miles on that spend!). Redeem points by reimbursing yourself for travel expenses charged to your card, book through Capital One Travel, or transfer points to 15+ travel partners for potentially even greater value. If a straightforward travel rewards program, 0% Intro APR, & sign-up bonus with a low spending hurdle is most important to you, then this card is a very solid pick.

    • No annual fee
    • Sign-up bonus
    • Rewards on purchases
    • Great intro APR
    • No foreign transaction fee
    • Mediocre rewards rate
    • No bonus categories
    • $0 annual fee and no foreign transaction fees
    • Earn a bonus of 20,000 miles once you spend $500 on purchases within 3 months from account opening, equal to $200 in travel
    • Earn unlimited 1.25X miles on every purchase, every day
    • Miles won't expire for the life of the account and there's no limit to how many you can earn
    • Earn 5X miles on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options
    • Use your miles to get reimbursed for any travel purchase—or redeem by booking a trip through Capital One Travel
    • Transfer your miles to your choice of 15+ travel loyalty programs
    • Enjoy 0% intro APR on purchases and balance transfers for 15 months; 19.49% - 29.49% variable APR after that; balance transfer fee applies

Credit card comparison

We recommend comparing options to ensure the card you're selecting is the best fit for you. To make your search easier, here's a short list of standout credit cards.

Offer Our Rating Welcome Offer Rewards Program APR Learn More
Rating image, 5.00 out of 5 stars.
5.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
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= Poor
Best for cash back on rotating categories 		Discover will match all the cash back you’ve earned at the end of your first year. 1% - 5% Cashback Circle with letter I in it. Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases.

Intro:

Purchases: 0%, 15 months

Balance Transfers: 0%, 15 months

Regular: 18.49% - 27.49% Variable APR *Rates as of December 12, 2024.

Apply Now for Discover it® Cash Back

On Discover's Secure Website.

Rates & Fees External Link Icon

Rating image, 5.00 out of 5 stars.
5.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Best for cash rewards on everyday spending 		$200 cash rewards Circle with letter I in it. Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months. 2% cash rewards Circle with letter I in it. Earn unlimited 2% cash rewards on purchases.

Intro: Circle with letter I in it. 0% intro APR for 12 months from account opening on purchases and qualifying balance transfers

Purchases: 0% intro APR, 12 months from account opening

Balance Transfers: 0% intro APR, 12 months from account opening on qualifying balance transfers

Regular: 19.24%, 24.24%, or 29.24% Variable APR

Apply Now for Wells Fargo Active Cash® Card

On Wells Fargo's Secure Website.

Rates & Fees External Link Icon

Rating image, 4.00 out of 5 stars.
4.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Best for unlimited rewards on purchases 		25,000 points Circle with letter I in it. 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases 1.5 points per dollar Circle with letter I in it. Earn unlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees, and your points don't expire as long as your account remains open.

Intro: Circle with letter I in it. 0% Intro APR for 15 billing cycles for purchases. 0% Intro APR for 15 billing cycles for any balance transfers made in the first 60 days. After the intro APR offer ends, 18.49% - 28.49% Variable APR on purchases and balance transfers will apply. A 3% fee for 60 days from account opening, then 4% fee applies to all balance transfers.

Purchases: 0% Intro APR for 15 billing cycles for purchases

Balance Transfers: 0% Intro APR for 15 billing cycles for any balance transfers made in the first 60 days

Regular: 18.49% - 28.49% (Variable)

Apply Now for Bank of America® Travel Rewards credit card

On Bank of America's Secure Website.

Capital One VentureOne review

Is the Capital One VentureOne worth it?

The Capital One VentureOne Rewards Credit Card is worth a look if you travel occasionally and want a straightforward points system. You earn an unlimited 1.25X miles per $1 spent on purchases and 5X miles per $1 spent on hotels and rental cars if you book through the Capital One Travel portal.

The top travel rewards cards have more generous redemption rates, but if you're not a fan of playing the miles-and-points game, this card offers an uncomplicated system that's pretty simple for beginners.

There's also a welcome bonus worth 20,000 Miles that's easy to earn -- you just spend $500 in the first 3 months. For most people, that's attainable if you simply use the card for a few recurring expenses, like gas or streaming services.

Author's personal experience
Image of reviewer

I got the Capital One VentureOne Rewards Credit Card years ago when I was just starting to dabble in rewards credit cards. My credit at the time was good, but not great. I took advantage of the 0% APR to buy a few things when I moved into my house, which saved me money on interest since I paid it off before the promo period ended.

I've since upgraded to the Capital One Venture X Rewards Credit Card, which is a better fit now since I've improved my credit and travel enough to justify paying an annual fee. But if you want to earn modest rewards without paying an annual fee, the Capital One VentureOne Rewards Credit Card may deserve space in your wallet.

What everyone else is saying

We can form our own opinions of card products, but it never hurts to take a look around and find out what other websites are saying about a specific card.

What other review sites say

Average review site rating: 3.9 / 5.0 stars

We read the reviews from five other top comparison sites to find out their takes on the Capital One VentureOne Rewards Credit Card. Other reviewers agree that the Capital One VentureOne Rewards Credit Card is best for people who aren't big spenders or avid travelers because it lacks an annual fee and it has a welcome bonus that's easy to earn. However, they also point out that the rewards rate is lower than what most flat-rate cards offer.

Online consensus

Some online reviewers say that the Capital One VentureOne Rewards Credit Card is decent for everyday purchases. One gripe is the fact that none of Capital One's transfer partners are domestic carriers. Users also say that you could earn better rewards with top cash back credit cards, some of which offer a flat 2% back.

Capital One VentureOne features and benefits

No annual fee

One of the biggest draws of the Capital One VentureOne Rewards Credit Card is that there's no annual fee. Paying an annual fee sometimes makes sense when you spend enough to earn big rewards, but if you don't make frequent credit purchases, an annual fee can eat away at the rewards you earn.

Welcome bonus

The Capital One VentureOne Rewards Credit Card offers a welcome bonus of 20,000 Miles when you spend $500 in the first 3 months.

There are certainly cards on the market with much larger sign-up bonuses, but some of them require you to spend several thousand dollars to earn. Once you qualify for the bonus, it will be credited to your account within two billing cycles.

0% intro APR

New purchases and balance transfers qualify for a 0% intro APR for 15 months. Note, there is a balance transfer fee of 3% for the first 15 months; 4% at a promotional APR that Capital One may offer you at any other time.

No foreign transaction fee

It's still fairly common for issuers to levy a foreign transaction fee, which tends to hover around 3%. Though that may not sound high, it can add up to substantial outlay if you spend generously abroad.

Flexibility with miles redemption

The Capital One VentureOne Rewards Credit Card lets you earn unlimited 1.25X miles on every $1 you spend, as well as 5X miles for every $1 you spend on hotels and car rentals booked through Capital One Travel.

Though you can earn extra points by booking through Capital One Travel, you can also use your card for purchases and use your points to get a statement credit that helps erase purchases. You can also use your miles with Capital One's 15-plus hotel and airline transfer partners.

What could be improved

Longer 0% APRs are available elsewhere

If you're seeking a 0% intro offer to pay down credit card debt, other cards offer longer promotional periods. While the Capital One VentureOne Rewards Credit Card offers 0% intro on balance transfers for 15 months (a balance transfer fee applies), the best balance transfer credit cards offer up to 21 months with 0% APR.

Not good for frequent travelers

If you book travel frequently using your credit card, better offers are available elsewhere. It may be worth paying an annual fee to get a higher welcome bonus and better redemption rate.

Find the best credit card for your needs
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Compare credit card rewards, fees, APRs, and more using our side-by-side comparison tool.

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What to know before applying

Capital One VentureOne credit score

Capital One says that the Capital One VentureOne Rewards Credit Card is designed for people with excellent credit, which is usually considered a FICO® Score of 740 or higher.

For those with good credit, generally defined as a FICO® Score of at least 670, there's the Capital One VentureOne Rewards Credit Card for Good Credit. The card offers the same travel rewards as the Capital One VentureOne Rewards Credit Card, but you won't get a welcome bonus or a 0% intro APR.

Intro APR

The Capital One VentureOne Rewards Credit Card offers a 0% intro APR for 15 months on both balance transfers and new purchases. After that, the go-to 19.49% - 29.49% (Variable) APR will apply.

Though some cards offer 0% intro APRs of up to 21 months for balance transfers and new purchases, 15 months is a reasonable amount if you're trying to pay off a credit card bill or finance a big purchase before interest starts to accrue.

Fees

The Capital One VentureOne Rewards Credit Card is fairly competitive for fees. You'll pay:

  • Annual fee: $0
  • Foreign transaction fees: None
  • Balance transfer fee: 3% for the first 15 months; 4% at a promotional APR that Capital One may offer you at any other time
  • See rates and fees

Credit limit

Capital One doesn't disclose the minimum credit limit for the Capital One VentureOne Rewards Credit Card. Some users report that the card has traditionally had a minimum credit limit of $5,000, though others say they were only approved for $1,000 to $3,000. Others say they were approved for $10,000 or more.

Capital One says your line of credit is based on a review of your application and your ability to pay. The company says customers can request a limit increase online; however, accounts that have only been opened within a few months are usually too new for consideration.

Our credit card methodology

At Motley Fool Money, we rate credit cards on a five-star scale (1 = poor, 5 = best). Our rating criteria includes rewards rates, welcome bonuses, fees, and perks like travel credits and 0% intro APR offers to evaluate our ratings.

We combine these factors with an evaluation of brand reputation and customer satisfaction to ensure you're getting the best card recommendations. Learn more about how Motley Fool Money rates credit cards.

FAQs

  • The Capital One VentureOne Rewards Credit Card is a Mastercard.

  • Yes, this card can be upgraded so long as you meet the qualifications for the new card. In most cases, however, you will not be eligible for a welcome bonus for upgrading to a new Capital One credit card.

  • The Capital One Venture Rewards Credit Card offers 2X-5X miles per $1 on purchases, as well as a higher sign-up bonus, but it charges a $95 annual fee (See rates and fees.)