Capital One VentureOne Rewards Credit Card

Rewards Rate

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

19.99-29.99% Variable APR

Pro & Cons

• Unlimited 1.25 miles per dollar on all purchases
• Welcome bonus of 20,000 miles (to qualifying members)
• No annual fee
• Access to Capital One Travel, Dining, and Entertainment

• Potentially high APR
• High credit score requirement
• 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.

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

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.