As travel credit cards become increasingly popular, it can be tough to know which one is the best fit for you. In this Capital One VentureOne review, we’ll dive deep into the card’s features, benefits, and drawbacks to help you make an informed decision.
Introduction: What is the Capital One VentureOne Card?
The Capital One VentureOne Card is a travel rewards credit card that offers cashback rewards on all purchases, with additional perks for travel-related spending. Cardholders can earn 1.25 miles per dollar on all purchases, with no annual fee.
Capital One VentureOne summary
| CAPITAL ONE VENTUREONE DETAILS | |
|---|---|
| Annual fee | $0 |
| Rewards | Earn unlimited 1.25 miles per dollar on every purchase. Earn unlimited 5 miles per dollar on hotels and rental cars booked through Capital One Travel |
| Welcome bonus | Earn 20,000 bonus miles after spending $500 on purchases within the first 3 months from account opening |
| Intro APR | 0% intro APR for 15 months on purchases and balance transfers |
| Regular APR | 19.24% – 29.24% variable APR |
| Balance transfer fee | 3% fee on the amounts transferred within the first 15 months |
| Foreign transaction fees | None |
| Major perks/benefits | Auto rental collision damage waiver, travel accident insurance, extended warranty, $0 fraud liability |
Benefits of the Capital One VentureOne Card
No annual fee: The Capital One VentureOne Card is a great option for those who don’t want to pay an annual fee but still want to earn travel rewards.
Bonus miles: New cardholders can earn a one-time bonus of 20,000 miles after spending $500 on purchases within the first three months of account opening. That’s equivalent to $200 in travel rewards.
Flexible redemption options: Cardholders can redeem their miles for a variety of travel-related expenses, including flights, hotels, rental cars, and more. Miles can also be used to cover the cost of past travel expenses.
Additional travel perks: The Capital One VentureOne Card offers travel accident insurance, 24-hour travel assistance services, and extended warranty protection on eligible purchases.
The following partners have a 1:1 transfer ratio:
- Aeromexico Club Premier.
- Aeroplan.
- Asia Miles.
- Avianca LifeMiles.
- British Airways Executive Club.
- Choice Privileges.
- Emirates Skywards.
- Etihad Guest.
- Finnair Plus.
- Flying Blue.
- Qantas Frequent Flyer.
- Singapore Airlines KrisFlyer.
- TAP Miles&Go.
- Turkish Airlines Miles&Smiles.
- Virgin Red.
Drawbacks of the Capital One VentureOne Card
Lower rewards rate: While the 1.25 miles per dollar earned on all purchases is a solid rewards rate, it falls short compared to other travel credit cards that offer up to 2x points or miles on specific categories.
Foreign transaction fees: The Capital One VentureOne Card charges a 3% foreign transaction fee, which can add up quickly for frequent international travelers.
Limited travel partners: Capital One has fewer transfer partners compared to other travel credit card issuers, which may limit redemption options for some travelers.
How the Capital One VentureOne Card Compares to Other Travel Credit Cards
When compared to other travel credit cards, the Capital One VentureOne Card holds its own but may not be the best option for all travelers.
For those looking to earn more rewards on specific travel-related purchases, the Chase Sapphire Preferred Card and American Express Gold Card offer higher rewards rates on categories such as dining and travel.
However, for those who prioritize no annual fees and flexible redemption options, the Capital One VentureOne Card is a solid choice.
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Conclusion: Is the Capital One VentureOne Card Worth It?
Overall, the Capital One VentureOne Card is a good choice for those who value no annual fees and flexible redemption options. The card’s bonus miles offer and additional travel perks sweeten the deal, but the lower rewards rate and foreign transaction fees may be a downside for some.
Before applying for the Capital One VentureOne Card, make sure to compare it to other travel credit cards to ensure it’s the best fit for your spending habits and travel goals.