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Looking for a travel rewards card with no annual fee and flexibility, Capital One® VentureOne® Rewards Credit Card, provides just that for consumers. The Capital One VentureOne card allows customers to earn 20,000 bonus miles when you spend $1,000 on purchases within the first 3 months of approval.
The 20,000 bonus miles is equal to $200 in travel purchases. Earn 1.25 miles for every $1 spent and redeem them for travel purchases. All miles earned through the card don’t expire.
Use this card on every day purchases. There’s no cap on the miles you can earn with this card! Plus, there’s no foreign transaction fees and no annual fees.
Learn more about this card and its features here.
*Capital One also offers good banking bonuses as well.
Table of Contents
- 1 Capital One VentureOne Rewards Card Summary
- 2 Editor’s Alternate Pick
- 3 VentureOne Rewards Card 20,000 Bonus Miles Offer
- 4 What Are Venture Miles Worth?
- 5 Earning Miles
- 6 Redeeming Rewards
- 7 Capital One VentureOne Rewards Card Benefits
- 8 Other VentureOne Rewards Benefits
- 9 Bottom Line
- 10 What’s the Competition?
Capital One VentureOne Rewards Card Summary
|Bonus Available||Get 20,000 bonus miles once you spend $1,000 on purchases within the first 3 months from account opening.|
|Travel Credit||No travel credit|
|Ongoing Rewards/Benefits||Earn unlimited 1.25 miles for every $1 spent on every purchase. Plus, 10 miles for every $1 spent on hotel stays booked and paid for through hotels.com/venture through January 2020.|
|Foreign Transaction Fees||No|
|Airport Lounge Access||N/A|
- Annual fee
- Welcome bonus
- Hotels.com/venture bonus
- Transfer partners
- No foreign transaction fees
- Good-Excellent credit needed to qualify
- Low flat rewards rate
Editor’s Alternate Pick
The Chase Freedom Unlimited® Card offers a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening. Earn unlimited 1.5% cash back on all purchases.
There is no minimum to redeem for cash back & your cash back rewards do not expire as long as your account is open.
This card comes with no annual fee and you'll get a free credit score that is updated weekly with Credit JourneySM.
VentureOne Rewards Card 20,000 Bonus Miles Offer
Get the VentureOne Rewards card’s 20,000 bonus miles offer that is currently available. We value these miles to be worth around $280.
To qualify for the welcome bonus, you must charge at least $1,000 to your card within the first 3 months of opening your account.
Here are some ideas of meeting the spending requirement:
|• Plastiq - Using Plastiq allows you to pay for your personal expenses such as rent, tuition, mortgage, auto lease etc. Although they charge a 2.5% processing fee for using your credit card, this will contribute to the card bonus that you will receive. There is also a referral program that allows you to earn "Free-Free Dollars" that goes towards processing fees as well.|
|• Funding Checking Accounts - When it comes to funding a checking account, opening your initial deposit with a credit card is the usual way to go about it. However, if you want to have more opportunities, you should open a checking account that offers a sign-up bonus. This allows you to work towards bonuses from not one but two different sources instead. Banks like Chase, Huntington Bank, TD Bank and BBVA offers credit card funding, and for your opening deposit, you can often fund anywhere from $50-$1000 with a credit card, depending on the bank.|
|• Gift Card Purchases With Using a Credit Card - Another way to acquire the bonus is using your credit card to purchase gift cards. Buying a a gift card or an individual merchant card typically do not require a purchase fee and are used towards leisure, so gift cards are ideal. However, gift cards such as a Visa or American Express do incur purchase fees because they can be spent anywhere, but gift cards that are specifically for a certain online shopping site such as Amazon or eBay don't.|
|As for a Citi Credit Card, you should call customer service and ask them to lower your Cash Advance limit to $0 before making any purchases because Citi tends to read gift card purchases as a Cash Advance.
Ideally, you should do this with any card just to be safe. Lastly, there is such thing as a discounted gift card which can be purchased on Raise or eBay. If you use a credit card often for everyday purchases, it can build your credit score that will contribute towards paying for things such as bills and taxes.
What Are Venture Miles Worth?
Similar to a large number of other travel rewards cards, the value you get from your miles will depend on how you redeem them. Our valuation makes each Venture mile at about $0.014. Already, that is higher than the industry average of $0.01 per mile. Our estimate takes into account using the card’s transfer partners.
When you feel like you’re ready to redeem your miles, choose from these options:
- Statement credits
- Gift cards
- Transfers to participating airline partners (see below)
To redeem you rewards, all you have to do is sign into your account online or use the Capital One mobile banking app to see your options.
To get the best value out of your miles, we recommend that you transfer them to a partner airline and take he time to think about your award travel.
Capital One Airline Partner Programs
|Aeromexico Club Premier||Air France KLM Flying Blue||Air Canada Aeroplan|
|Alitalia MilleMiglia Program||Asia Miles (Cathay Pacific)||Avianca LifeMiles|
|Emirates Skywards||Etihad Airways Etihad Guest||EVA Air Infinity MileageLands|
|Finnair Plus||Hainan Airlines Fortune Wings Club||JetBlue TrueBlue|
|Qantas Frequent Flyer||Qatar Airways Privilege Club||Singapore Airlines KrisFlyer|
Earn additional miles for everyday spending. The Capital One VentureOne Rewards card allows you to earn 1.25X miles per $1 spent! On top of that, if you’re going to be traveling, you can earn 10X miles each booking at hotels.com/venture! The amount of miles earned on this card is unlimited. Plus, miles earned do not expire as long as your account remains open.
Redeem your miles for statement credits toward travel purchases, such as car rentals, airfare, hotels, and even cruises.
This wouldn’t be a travel rewards card if the best way to redeem your points was through some other category. Thus, you should redeem your points for travel rewards. Use rewards on any airline, any hotel stay, and anytime. This way, you know you can earn the best travel redemption compared to other credit cards.
Nonetheless, Capital One has recently opened up the ability to transfer your miles. Members can now transfer points to Capital One’s airline partners at a ratio of 2:1.5. Unfortunately, this means that cardholders lose 25% of their point value with the transfer.
But, there are some valuable partners on the list, such as Aeroplan and Avianca. Some partners even give you the opportunity to earn more that 1 cent of value per mile. This new transfer option increases the value and flexibility of this already flexible travel card.
Capital One VentureOne Rewards Card Benefits
- No annual fee: Simple as that. You don’t have to worry about annual fees. Instead, all you have to do is worry about earning miles on your every day purchases.
- Credit Tracker: This app offers a free credit score and ‘What-If’ simulator to help you predict any scenario that might affect your credit score.
- No foreign transaction fees: The VentureOne Rewards card doesn’t have any fees on purchases/transactions outside of the U.S.
- Fraud coverage: You’re covered by $0 Fraud Liability if your card is ever lost or stolen.
- Security Alerts: Sign up to get personalized emails or text messages to monitor the security of your account.
- Extended warranty: Get additional warranty protection at no charge on items purchased with your credit card.
- 24-hour travel assistance services: In instances where you might have your credit card lost or stolen, you can get an emergency card replacement. Plus, get a cash advance to help you get through your financial need.
- Additional Authorized User: You can add an authorized user to your account and track their spending.
Other VentureOne Rewards Benefits
Hotels.com Partnership Offer: Through January 2020, when you use your VentureOne Rewards Card to book and pay for hotels at Hotels.com at hotels.com/venture, you’ll earn 10 miles for every $1 spent. Plus, join the Hotels.com Rewards loyalty program at hotels.com/rewards and earn another 10% back on hotel purchases made at Hotels.com. Stack that together with the 10X earned on your card, and you’re getting a 20% rebate on all hotel purchases.
No Annual Fee: Get all the neat perks without having to pay an annual fee.
Travel and Purchase Perks: This card offers a number of general cardholder benefits, including 24/7 concierge service and booking assistance, 24/7 emergency card replacement for travelers, and preferred seating and/or access to popular events, such as professional sporting events and celebrity golf outings.
No Foreign Transaction Fee: Use this card when traveling abroad without paying a foreign transaction fee to keep earning your rewards.
The Capital One® VentureOne® Rewards Card has an excellent welcome offer for those who like traveling. Cardholders get 1.25X miles earned on all purchases. Plus, earn travel rewards through each swipe and online purchase with this card!
You definitely want this annual fee-free card in your wallet to take advantage of the miles you’ll easily earn! For other credit cards and issuers, see our full list of credit card bonuses!
Learn more about this card and its features here.
What’s the Competition?
The Chase Freedom® Card offers a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening.
You'll earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate and an unlimited 1% cash back on all other purchases. You cash back rewards do not expire as long as your account is open and there is no minimum to redeem for cash back.
This card has no annual fee and you'll get a free credit score that's updated weekly with Credit JourneySM.
The Capital One® Quicksilver® Cash Rewards Card offers a one-time $150 cash bonus after spending $500 on purchases within 3 months from account opening.
You'll be able to earn an unlimited 1.5% cash back on every purchase, every day with no rotating categories or sign-ups needed to earn cash rewards.
This card comes with no annual fee and no foreign transaction fees which makes this card a viable option for your go-to everyday card.
The Capital One® SavorOne® Cash Rewards Credit Card offers a one-time $150 cash bonus after spending $500 on purchases within the first 3 months from account opening.
You'll earn an unlimited 3% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases with no rotating categories or sign-ups needed to earn cash rewards.
This card comes with no annual fee and no foreign transaction fees.
The American Express Cash Magnet® Card offers $150 statement credit after you spend $1,000 or more in purchases with your new Card within the first 3 months of Card Membership.
You'll earn unlimited 1.5% Cash Back on your purchases; your cash back is received in the form of Reward Dollars that can be easily redeemed for statement credits, gift cards, and merchandise.
The card has no annual fee. (See Rates & Fees).
Better Travel Rewards With An Annual Fee
The Chase Sapphire Preferred® Card offers 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®!
You'll earn 2X points on travel and dining at restaurants worldwide; 1 point per dollar spent on all other purchases. And when you redeem your points for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards, you'll get 25% more value!
The Capital One® Venture® Rewards Credit Card offers a one-time bonus of 50,000 miles once you spend $3,000 on purchases within 3 months from account opening (equal to $500 in travel). Named ‘The Best Travel Card' by CNBC, 2018.
You're able to earn 2X miles on every purchase, every day. Plus earn 10X miles on thousands of hotels, through January 2020; learn more at hotels.com/venture.
This card does come with a $95 annual fee, however, there is a $0 intro annual fee for the first year. Enjoy no foreign transaction fees and receive up to $100 application fee credit for Global Entry or TSA Pre?®.
The American Express® Gold Card offers 35,000 Membership Rewards® points after you spend $4,000 on eligible purchases with your new Card within the first 3 months.
You'll have the opportunity to earn 4X Membership Rewards® points when you dine at restaurants worldwide & at U.S. supermarkets (on up to $25,000 per year in purchases, then 1X); 3X Membership Rewards® points on flights booked directly with airlines or on amextravel.com.
This card has an annual fee of $250 with no foreign transaction fees (See Rates & Fees). Some benefits including earning up to a total of $10 in statement credits monthly when you pay with the Gold Card at Grubhub, Seamless, The Cheesecake Factory, Ruth's Chris Steak House, Boxed, and participating Shake Shack locations. This can be an annual savings of up to $120. In addition, a $100 Airline Fee Credit: up to $100 in statement credits per calendar year for incidental fees at one selected qualifying airline.