If you’re in the market for a new credit card, you might be considering the Capital One VentureOne and the Capital One Venture Rewards Credit Card. Both cards have their pros and cons, and choosing the right one for you depends on your personal needs and preferences. In this article, we’ll compare these two cards to help you make an informed decision.
When it comes to choosing a Capital One travel credit card, two options come to mind: the Capital One VentureOne Card and the Capital One Venture Rewards Credit Card. Both cards offer great benefits, but which one is the right choice for you?
Overview
Before we dive into the details, let’s take a quick look at the two cards and what they have to offer.
The Capital One VentureOne is a travel rewards credit card with no annual fee. It offers a flat rate of 1.25 miles per dollar on all purchases, and you can redeem your miles for travel purchases, gift cards, and more. The card also comes with a signup bonus of 20,000 miles after you spend $500 on purchases within the first 3 months of account opening.
The Capital One Venture Rewards Credit Card, on the other hand, has an annual fee of $95, but it also offers more rewards. You’ll earn 2 miles per dollar on all purchases, and you can redeem your miles for travel purchases, cash back, and more. The card also comes with a signup bonus of 60,000 miles after you spend $3,000 on purchases within the first 3 months of account opening.
Now, let’s compare these two cards in more detail.
Capital One VentureOne Card vs. Capital One Venture Rewards Credit Card: Key Differences
Annual Fee:
The biggest difference between the two cards is the annual fee. The Capital One VentureOne Card has no annual fee, while the Capital One Venture Rewards Credit Card has a $95 annual fee.
Rewards Rate:
Both cards earn miles for each dollar spent, but the rewards rate is different. The Capital One VentureOne Card earns 1.25 miles per dollar spent on all purchases, while the Capital One Venture Rewards Credit Card earns 2 miles per dollar spent on all purchases.
Welcome Bonus:
Both cards offer a welcome bonus, but the amount and requirements differ. The Capital One VentureOne Card offers a one-time bonus of 20,000 miles after spending $500 on purchases within the first 3 months of account opening. The Capital One Venture Rewards Credit Card offers a one-time bonus of 60,000 miles after spending $3,000 on purchases within the first 3 months of account opening.
Redemption Options:
Both cards offer flexible redemption options for travel-related purchases, but the Capital One Venture Rewards Credit Card also allows miles to be transferred to airline and hotel loyalty programs.
Travel Benefits:
Both cards offer travel-related benefits, including travel accident insurance and 24-hour travel assistance services. However, the Capital One Venture Rewards Credit Card also includes a Global Entry or TSA PreCheck application fee credit.
Read Also – Capital One VentureOne vs. Bank of America® Travel Rewards Credit Card
Capital One VentureOne vs. Capital One Venture Rewards Credit Card: Which One is Right for You?
If you’re in the market for a new credit card, you might be considering the Capital One VentureOne and the Capital One Venture Rewards Credit Card. Both cards have their pros and cons, and choosing the right one for you depends on your personal needs and preferences. In this article, we’ll compare these two cards to help you make an informed decision.
Overview
Before we dive into the details, let’s take a quick look at the two cards and what they have to offer.
The Capital One VentureOne is a travel rewards credit card with no annual fee. It offers a flat rate of 1.25 miles per dollar on all purchases, and you can redeem your miles for travel purchases, gift cards, and more. The card also comes with a signup bonus of 20,000 miles after you spend $500 on purchases within the first 3 months of account opening.
The Capital One Venture Rewards Credit Card, on the other hand, has an annual fee of $95, but it also offers more rewards. You’ll earn 2 miles per dollar on all purchases, and you can redeem your miles for travel purchases, cash back, and more. The card also comes with a signup bonus of 60,000 miles after you spend $3,000 on purchases within the first 3 months of account opening.
Now, let’s compare these two cards in more detail.
Rewards
When it comes to rewards, the Capital One Venture Rewards Credit Card is the clear winner. With this card, you’ll earn 2 miles per dollar on all purchases, compared to the 1.25 miles per dollar you’ll earn with the Capital One VentureOne. This means you’ll earn rewards faster with the Venture Rewards card, especially if you use it for everyday purchases like groceries and gas.
Both cards allow you to redeem your rewards for travel purchases, but the Venture Rewards card also allows you to redeem your miles for cash back or statement credits, which gives you more flexibility.
Winner: Capital One Venture Rewards Credit Card
Annual Fee
The Capital One VentureOne has no annual fee, which makes it a good option if you don’t want to pay extra for your credit card. On the other hand, the Capital One Venture Rewards Credit Card has an annual fee of $95, which can be a downside for some people.
However, the Venture Rewards card offers more rewards, so if you use it frequently enough, the rewards can outweigh the annual fee. It’s important to do the math and figure out whether the extra rewards are worth the cost of the annual fee.
Winner: Capital One VentureOne (for those who want to avoid annual fees), Capital One Venture Rewards Credit Card (for those who want more rewards)
Signup Bonus
Both cards come with a signup bonus, but the Capital One Venture Rewards Credit Card offers a larger bonus. With this card, you can earn 60,000 miles after you spend $3,000 on purchases within the first 3 months of account opening. The Capital One VentureOne, on the other hand, offers a signup bonus of 20,000 miles after you spend $500 on purchases within the first 3 months of account opening.
If you’re looking for a large signup bonus, the Venture Rewards card is the way to go. However, if you don’t want to spend as much money to earn the bonus, the VentureOne card might be a better fit.
Winner: Capital One Venture Rewards Credit Card
Foreign Transaction Fees
If you’re a frequent traveler, you’ll want to pay attention to foreign transaction fees. These fees can add up quickly if you’re using your credit card overseas.
The Capital One Venture Rewards Credit Card has no foreign transaction fees, which makes it a great choice for international travel. The Capital One VentureOne also has no foreign transaction fees, so it’s a good option if you want to avoid these fees altogether.
Winner: Tie
APR
The APR (annual percentage rate) is an important factor to consider when choosing a credit card. The lower the APR, the less interest you’ll pay on your balance if you carry a balance from month to month.
Both the Capital One VentureOne and the Capital One Venture Rewards Credit Card offer a range of APRs depending on your creditworthiness. However, the Venture Rewards card tends to have higher APRs overall, which can be a drawback if you carry a balance.
Winner: Capital One VentureOne
Additional Benefits
Both cards offer additional benefits that can be useful for cardholders. For example, both cards offer extended warranty coverage on eligible purchases, travel accident insurance, and 24/7 travel assistance services.
The Capital One Venture Rewards Credit Card also offers a $100 credit for Global Entry or TSA PreCheck, which can be a great perk for frequent travelers. It also comes with access to the Visa Signature Luxury Hotel Collection, which offers exclusive perks and upgrades at luxury hotels around the world.
The Capital One VentureOne, on the other hand, offers a 0% intro APR on purchases for the first 12 months, which can be helpful if you need to make a large purchase and want to spread out the payments.
Winner: Capital One Venture Rewards Credit Card (for frequent travelers), Capital One VentureOne (for those who want a 0% intro APR)
Conclusion:
So which card is right for you? It really depends on your personal needs and preferences.
If you want to avoid an annual fee and don’t travel frequently, the Capital One VentureOne is a great option. It offers a decent rewards rate and a 0% intro APR on purchases for the first 12 months.
If you’re a frequent traveler and want to maximize your rewards, the Capital One Venture Rewards Credit Card is the way to go. It offers a higher rewards rate, a larger signup bonus, and a $100 credit for Global Entry or TSA PreCheck.
Ultimately, both cards are solid choices, and you can’t go wrong with either one.
FAQs
Q. Is the Capital One VentureOne a good credit card?
Ans. Yes, the Capital One VentureOne is a good credit card for people who want to earn rewards without paying an annual fee.
Q. Can I redeem my Capital One Venture Rewards miles for cash back?
Ans. Yes, you can redeem your Capital One Venture Rewards miles for cash back, statement credits, or gift cards, in addition to travel purchases.
Q. Does the Capital One Venture Rewards Credit Card have foreign transaction fees?
Ans. No, the Capital One Venture Rewards Credit Card has no foreign transaction fees.
Q. What credit score do I need to qualify for the Capital One VentureOne?
Ans. You’ll generally need a good to excellent credit score (670 or higher) to qualify for the Capital One VentureOne.
Q. How do I redeem my Capital One Venture Rewards miles?
Ans. You can redeem your Capital One Venture Rewards miles through Capital One’s rewards portal, which allows you to book travel, redeem for cash back, or purchase gift cards.