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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 $500 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.
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If more more flexible rewards is preferable, you may want to consider the no annual fee Capital One Quicksilver.
*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 $500 on purchases within the first 3 months from account opening. |
| *Bonus Value | $280 |
| Travel Credit | No travel credit |
| Ongoing Rewards/Benefits | Earn unlimited 1.25 miles for every $1 spent on every purchase. |
| Foreign Transaction Fees | No |
| Airport Lounge Access | N/A |
| Annual Fee | $0 |
Recommended Free Credit Score (Get Free Score) 690 – 850 (Good – Excellent)
PROS
- Annual fee
- Welcome bonus
- Hotels.com/venture bonus
- Transfer partners
- No foreign transaction fees
CONS
- Good-Excellent credit needed to qualify
- Low flat rewards rate
Editor’s Alternate Pick
 The Chase Freedom Unlimited Card offers a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening. Earn unlimited 1.5% cash back on all purchases. In addition, you can earn: • Earn 5% cash back on grocery store purchases (not including Target or Walmart purchases) on up to $12,000 spent in the first year. • Earn unlimited 1.5% cash back on all other purchases. • Earn 5% on Chase travel purchased through Ultimate Rewards, 3% on dining and drugstores, and 1.5% on all other 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 $500 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. |
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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 |
Earning Miles
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.
Redeeming Rewards
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
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.
Bottom Line
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 Flex offers a $200 bonus after you spend $500 on purchases in your first 3 months from account opening. You'll earn: • Earn 5% cash back on grocery store purchases (not including Target or Walmart purchases) on up to $12,000 spent in the first year. • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter! • Earn 5% on Chase travel purchased through Ultimate Rewards, 3% on dining and drugstores, and 1% 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. You'll be able to new 5% categories each quarter! This card has no annual fee. |
The Chase Freedom Unlimited Card offers a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening. Earn unlimited 1.5% cash back on all purchases. In addition, you can earn: • Earn 5% cash back on grocery store purchases (not including Target or Walmart purchases) on up to $12,000 spent in the first year. • Earn unlimited 1.5% cash back on all other purchases. • Earn 5% on Chase travel purchased through Ultimate Rewards, 3% on dining and drugstores, and 1.5% on all other 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. |
 The Capital One Quicksilver Cash Rewards Card offers a one-time $200 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 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). |
 The Chase Sapphire Preferred Card offers 100,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,250 when you redeem through Chase Ultimate Rewards. You'll earn 2X points on dining including eligible delivery services, takeout and dining out and travel. Plus, earn 1X point per dollar spent on all other purchases.. And when you redeem your points for travel through Chase Ultimate Rewards, you'll get 25% more value! You get unlimited deliveries with a $0 delivery fee & reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21. This card carries a $95 annual fee. |
 The Capital One Venture Rewards Credit Card offers a one-time bonus of 60,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $600 in travel. You're able to earn 2X miles on every purchase, every day. This card does come with a $95 annual fee. 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 60,000 Membership Rewards® points after you spend $4,000 on eligible purchases with your new Card within the first 6 months. Terms apply. You'll have the opportunity to earn: • 4X Membership Rewards Points on Restaurants, including takeout and delivery, plus, earn 4X points for Uber Eats purchases too. • 4X Membership Rewards points at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X). This card has an annual fee of $250 with no foreign transaction fees (See Rates & Fees). |
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