Capital One VentureOne Rewards Credit Card
Rating
1.25 Miles per dollar on every purchase, every day. 5 Miles per dollar on hotels and rental cars booked through Capital One Travel.
The Capital One VentureOne Rewards card is a no-annual-fee travel rewards credit card that offers a simple earning structure and flexible redemption options. It's designed for occasional travelers who want to earn miles on everyday purchases without paying an annual fee.
Key Features
- Rewards Structure:
- 1.25X miles per dollar on every purchase
- 5X miles on hotels and rental cars booked through Capital One Travel
- Welcome Offer: Earn 20,000 bonus miles once you spend $500 on purchases within the first 3 months from account opening
- Annual Fee: $0
- Additional Benefits:
- No foreign transaction fees
- Travel accident insurance
- Extended warranty
- Auto rental collision damage waiver
- 24-hour travel assistance services
Rewards Program
Miles can be redeemed for travel purchases at 1 cent per mile. You can also transfer miles to Capital One's airline and hotel partners, potentially increasing their value. Miles can also be redeemed for cash back, gift cards, or Amazon.com purchases, though these options may provide less value.
Rates and Fees
- Annual Fee: $0
- Intro Purchase & Balance APR: 0% intro APR for 15 months on purchases and balance transfers (3% fee on the amounts transferred within the first 15 months)
- Regular APR: 19.99% - 29.74% (Variable)
- Cash Advance APR: 29.99%
- Foreign Transaction Fee: None
- Late Payment Fee: Up to $40
Who Is This Card For?
The Capital One VentureOne Rewards card is ideal for:
- Occasional travelers who want to earn travel rewards
- Those who prefer a simple, flat-rate rewards structure
- People who want travel benefits without an annual fee
- Those who may use their card for international purchases
Pros
No annual fee: The card allows you to earn travel rewards without the pressure of offsetting a yearly cost, making it accessible to a wide range of users
Simple, flat-rate rewards structure: The 1.25X miles on all purchases eliminates the need to track bonus categories, providing straightforward earnings on every transaction
Flexible redemption options: Miles can be redeemed for travel purchases, transferred to airline and hotel partners, or used for cash back, offering versatility in how you use your rewards
Cons
Lower earning rate compared to some competitors: The 1.25X miles per dollar spent is lower than some other travel cards, which may offer 1.5X or 2X points on all purchases
Limited luxury travel perks: Unlike premium travel cards, the VentureOne doesn't offer benefits like airport lounge access or airline fee credits
Potentially higher value with annual fee version: The regular Venture card, which has an annual fee, offers 2X miles on all purchases, potentially providing more value for moderate to high spenders
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