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Capital One VentureOne Rewards Credit Card

Travel Perks

Rewards Value
star 3
Features
3
APR
2
Rewards Flexibility
3
Issuer Customer Experience
3

Rewards Rate

0%

introductory APR for 15 months on both balance transfers and purchases

0$

annual fee

20,000 (equal to $200)

welcome bonus miles to qualifying new members

Welcome Bonus

This card comes with 0% introductory APR for the first 15 months of opening an account. This introductory APR is for both balance transfers and regular purchases. The card also comes with a welcome bonus of 20,000 free miles. To qualify, you’ll need to spend $500 or more within 3 months of opening an account.

APR

or 19.99-29.99% Variable APR

Pro & Cons

  • pros icon Unlimited 1.25 miles per dollar on all purchases
  • pros icon Welcome bonus of 20,000 miles (to qualifying members)
  • pros icon No annual fee
  • pros icon Access to Capital One Travel, Dining, and Entertainment
  • cons icon Potentially high APR
  • cons icon High credit score requirement
  • cons icon Minimal perks when compared with similar travel rewards credit cards

Capital One VentureOne Rewards Credit Card

The Capital One VentureOne Rewards credit card is a card designed for frequent travelers who want to earn travel rewards but don’t want a card with an annual fee. It comes with a flat reward of 1.25 miles per dollar on any purchase, as well as bonus miles when using Capital One Travel. It also features a new cardmember offer of 20,000 bonus miles (worth roughly $200) to qualifying members.

Sign up Bonus

U.S. Bank Visa® Platinum Card

U.S. Bank Visa® Platinum Card
6
star star star star star

Good for:

Low Introductory APR

See your approvle odds
0%

introductory APR for 18 months on purchases and balance transfers made within 60 days of opening an account

Travel

Capital One Venture Rewards

Capital One Venture Rewards
6
star star star star star

Good for:

Travel Perks

See your approvle odds
2x

miles per dollar on every purchase

5x

miles per dollar on hotel and rental car purchases through Capital One Travel

2

free lounge visits each year

75,000

bonus miles after spending $4,000 on purchases within 3 months of opening an account

$100

credit for either TSA PreCheck or Global Entry

Rewards

Capital One Spark Miles for Business

Capital One Spark Miles for Business
8
star star star star star

Good for:

Business Owners

See your approvle odds
2x

unlimited miles on business transactions

5x

unlimited miles on hotels and rental cars through Capital One Travel

$500

One-time welcome bonus valued at roughly

Rewards Redemption

There are a couple of ways to redeem your miles with the VentureOne Rewards from Capital One card. The first way is to book a trip using miles you’ve already earned through Capital One Travel. To do this, use the credit card to purchase your trip. Then, log into your account online, go to Rewards, click “Cover Your Travel Purchases,” and follow the prompts to use your rewards. Alternatively, you can call the Rewards Center to have them redeemed.
Another option is to use your rewards at travel.capitalone.com. On this site, you can book a flight, get a car rental, or reserve a hotel and use your miles to help pay for the purchase. In general, 10,000 miles is the equivalent to $100.
If desired, you can request a reimbursement on a prior travel purchase and use your rewards to cover the difference. Or you can redeem the rewards as an account credit, gift card, physical check, or PayPal credit. You can also transfer your miles to over 15 airline and hotel loyalty programs.
Rewards to not expire unless the account is deactivated.

Terms, Rates and Fees

Once the introductory period ends, this card will switch to a variable APR ranging from 19.99% to 29.99%. There’s also a 29.99% APR for cash advances.
Other fees include a $40 late payment fee and a 3% balance transfer fee for any transfer made in the first 15 months. There is no balance transfer fee after this introductory period. Additionally, there are no annual or foreign transaction fees.
If the account balance is $25 or less, the minimum payment is for the full balance amount. If the balance is higher, the minimum payment will be 1% of the current balance, plus any late payment fees or interest.
Your rate and credit limit are based on creditworthiness. The better your credit score and income, the better your terms and the higher your limit.

Maximize Benefits and Avoid Fees

Here’s how to maximize your benefits and prevent fees with the Capital One VentureOne Rewards Credit Card:

  • Prioritize Capital One Travel. By using Capital One Travel for your purchases, you can receive 5 miles per dollar spent. This is roughly the equivalent of $0.05.
  • Take advantage of the new cardmember offer. A first-year value is to spend enough money using this card to qualify for the 20,000 free bonus miles. Be sure to pay off your balance in full each month to avoid interest charges.
  • Use the 0% introductory APR. Part of this card’s ongoing value is its 0% APR for the first 15 months of opening an account. During this time, it might be worth transferring the balance from a high-interest credit card to this one. Make sure you can pay off the balance before the introductory period ends.
  • Continue paying off your balance. By paying off your balance before interest accrues, you can avoid high interest charges and still earn points toward travel.

How to Apply

  • Go to Capital One’s main page and hover over “Credit cards.” From there, click “Travel Rewards.”
  • Then, click “VentureOne Rewards.” This will take you to this specific card’s information page.
  • Review the card details. Then, click “Apply Now” to start the application process.
  • As part of the application, you’ll need to input your personal information. This includes your full name, date of birth, SSN or Individual Tax Identification, and your U.S. citizenship or residency information.
  • Once you press “Continue,” you’ll need to enter your contact information. This includes your residential address, email address, and phone number.
  • Then, provide your financial information. This includes your employment status, your annual income, your monthly rent or mortgage payment amount, and your bank account information. You’ll also need to answer whether you plan to use the card for cash advances or balance transfers.
  • You can then either add an additional card holder or not.
  • Finally, review your information and make changes as needed. When you’re ready, proceed to applying for the card.

Qualification Requirements

  • Excellent credit score
  • Proof of sufficient income
  • No active bankruptcy
  • 18 years or older
  • US citizen or permanent resident
  • Mailing address in the US or a US territory

Requirement

Description

Credit score & credit history

Excellent credit score with no non-discharged bankruptcies

Income

Monthly income must be at least $425 higher than your monthly rent or mortgage payment

Job-status

Requires proof of sufficient income or employment

Citizenship/residency

US citizen or permanent resident
Mailing address must be in US, a US military location, or Puerto Rico

Age

18+ 

Required documents

Valid SSN or individual taxpayer identification number

What Makes This Card Appealing?

What makes the Capital One VentureOne Rewards Credit Card appealing is the flat-rate, unlimited travel miles on all purchases. Rewards do not expire and can be redeemed in a number of ways. There’s also a 15-month 0% introductory APR and no annual fee.