Personal Card

Capital One VentureOne Credit Card

Written by: Lenny Pappano

The Capital One VentureOne Rewards card may look appealing as a no-annual-fee travel card, but it’s not a smart long-term pick for those serious about points and miles.

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Capital One VentureOne Credit Card Review

Key Takeaways

If you're planning to stay in the points and miles hobby long term, the VentureOne isn’t worth occupying one of your 5/24 slots. Its modest 20,000-mile sign-up bonus and underwhelming benefits don’t compare to what you’d get with the Venture or Venture X cards. If you're considering a Capital One card, skip this entry-level option and go with one that actually builds value.

Why This Card Could Be Right For You

It’s tough to justify choosing the VentureOne card when Capital One’s higher-tier cards offer significantly better rewards and benefits. Still, if you’re extremely fee-averse and just testing the waters:

Earn 20,000 Capital One miles after spending only $500 in the first 3 months
5x miles on hotels and rental cars booked through Capital One Travel
1.25x miles on all other purchases
No annual fee

Capital One has offered 40,000-mile bonuses on this card in the past, which is better — but even then, we think the Venture or Venture X cards are far superior options.

When The Usual Advice Doesn't Apply

This card may not be a good fit if:

You’re looking for strong benefits and travel perks—there simply aren’t any here
You want to maximize value from your 5/24 slots (and you should) — this card doesn’t deliver the long-term value that others do
You’d prefer better-earning multipliers and a more worthwhile sign-up bonus, even with an annual fee

What to Know About Capital One Miles

Capital One is a flexible point system we use for travel items that other systems don't cover

Car Rentals, cruises, and vacation home rentals top our list of uses for Capital One Miles
Partner transfers are niche airlines and hotel brands, making the points less attractive
Point redemptions are so similar to cash that they can be less satisfying for the hobbyist
Capital One is particularly attractive to businesses with large spends

How The Capital One VentureOne Credit Card Fits In The Capital One Miles Ecosystem

The VentureOne is Capital One’s entry-level travel card, but it doesn’t offer much in the way of long-term benefits.

Its 20,000-mile sign-up bonus pales in comparison to the 75,000-mile offers on the Venture and Venture X
VentureOne earns just 1.25x miles on everyday purchases (compared to 2x on the Venture and Venture X)
The Capital One SavorOne card offers better multipliers on everyday categories and can transfer rewards to a Venture card
The Venture ($95 annual fee) and Venture X ($395 annual fee) offer premium benefits like travel credits, lounge access, and better travel protections—making them well worth it for travelers

If you’re new to the hobby, don’t be intimidated by annual fees. You’ll quickly find that cards with annual fees often come with outsized value, while cards like the VentureOne end up being missed opportunities.

My Experience, No Filter

I got this card almost entirely for an at-the-time inflated sign-up bonus. I do love the ease of spending the points on canceling a travel expense via the "Points Eraser" benefit. But, again, I really fell in love with the Venture X card —much better for people fixated on traveling.

Card Information

Bonus Points	Minimum Spend	Point Value	Annual Value	Annual Fee	1st Year Value
20,000	$500	1.1 ¢	$0	$0	$226

Best Value	Differentiating Perks	Rules
Wyndham transfers	Solid benefits for a card with no annual	5/24

AWARD SYSTEM

BANK

Reconsideration Phone 800.227.4825

CURRENT OFFER

20,000 points for
$500 spend.

Spend Categories

All Other - »

1.25X points
1.4¢ Per Dollar Spent

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Card Benefits

Car Rental Insurance »
Using this card gives you secondary coverage on collision and theft, up to the cost of the vehicle for 15 days. Any international rentals are covered by primary insurance when using this card.

Travel Insurance »
Travel accident insurance up to $250,000; trip cancellation insurance up to $1,500 per trip; lost luggage insurance up to $3,000 per trip; baggage delay insurance up to $100 per day for 3 days.

No Foreign Transaction Fees »
You will pay no foreign transaction fees when you use your card for purchases made outside the United States.

Concierge »
Call 1-800-953-7392 to get complimentary assistance making dinner reservations, buying theater tickets, getting travel guides, sending gifts/flowers, and dozens of other specific requests.

Roadside Assistance »
Call 1-800-847-2869; a flat $69.95 charge for towing up to 5 miles, tire changing, jump starting, locksmith service, fuel delivery and standard winching; cardholder will be charged for any additional services or goods provided.

Purchase Protection »
You're reimbursed up to $500 per claim for 90 days from the date of purchase.

Extended Warranty »
You can double the warranty up to 1 additional year on eligible purchases with warranties of 3 years or less.

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Point Transfer Options

Transfer To Spouse/Partner Yes

Transfer To Friends Yes

Travel Partner Transfers

Capital One Miles Outside Point System

Transfers Out To

Air Canada Aeroplan

1:1 127% value retained

Avianca LifeMiles

1:1 127% value retained

British Airway Executive Avios

1:1 91% value retained

Cash in Cents

1:1 91% value retained

Cathay Pacific

2:1.5 82% value retained

Etihad Guest

1:1 109% value retained

Flying Blue and Air France

1:1 109% value retained

Qantas Frequent Flyer

1:1 109% value retained

Singapore KrisFlyer

1:1 118% value retained

Turkish Airways

1:1 109% value retained

Virgin Atlantic Flying Club

1:1 127% value retained

Wyndham Rewards

1:1 91% value retained

View All Point Transfer Options »

Capital One VentureOne Application Rules

5/24

Your application will be declined if 5 new cards are reported on your personal credit report in the past 24 months

Ranking of Cards Offering Capital One Miles

Capital One Spark Cash Plus »

Capital One Venture X Business »

Capital One Venture Rewards »

Capital One Spark Cash »

Capital One Spark Miles »

Capital One Spark Miles Select »

Capital One Spark Cash Select »

Capital One Venture X »

Capital One VentureOne »

Best for Series

Below is a snapshot of where this card performs best compared to the other cards in our database:

Rank 8^th Honorable Mention

Best Cards For Rental Cars »

Breaking Points

March 6, 2023

Mini Points - March 2023

- JetBlue Plus Card - Limited time offer - Barclay Bank - earn 60,000 points after spending $1000 in 3 months, $99/annual fee.

- Venture One Card - Limited time offer - Capital One Bank - earn 40,000 miles after spending $1000 in 3 months, $0/annual fee.

- Alaska Airlines Business Card - Limited time offer - Bank of America - earn 70,000 miles after spending $4000 in 3 months, $70/annual fee.

- Marriott Bonvoy Business Card - Limited time offer - American Express - earn 125,000 points after spending $5000 in 3 months, $125/annual fee.

- Chase Freedom / Chase Freedom Flex cardholders Q2 2023 - Activation is now open - Amazon & Lowes.

- Discover It - cash back Categories are Live - April - June Restaurants & Wholesale Clubs.