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Introduction to Capital One's travel cards
The Capital One VentureRewards Credit Card and Capital One VentureOne Rewards Credit Card are two of the best credit cards that earnvaluable Capital One miles, which you can transfer to various airline and hotel partners for huge discounts on travel. Both also offer a flat earning rate on all purchases with no cap.
Beyond those commonalities, there are significant differences between these two similarly-named credit cards. Varying welcome bonuses, ongoing benefits, annual fees, and more mean that you should carefully examine which travel card will best suit your personal goals.
Capital One VentureRewards Credit Card
On Capital One's website
Insider’s Rating
Business Insider's Ratings are decided by our editorial team. The rating system considers various factors and evaluates cards against others of the same type so you can pick a card that is a good fit for your goals.
4.55/5
Perks
Earn 5x miles per dollar on hotels, vacation rentals, and rental cars booked through Capital One Travel. Earn unlimited 2x miles on every purchase.
Annual Fee
$95
Intro APR
N/A
Regular APR
19.99% - 29.99% variable
Intro Offer
75,000 miles once you spend $4,000 on purchases within the first 3 months of account opening
Earn 75,000 bonus miles
Recommended Credit
Good to Excellent
Pros
- $50 experience credit and free upgrades on Capital One Lifestyle Collection bookings
- Includes a statement credit for Global Entry or TSA PreCheck
Cons
- Other credit cards offer higher rewards in certain categories of spending
Insider’s Take
If you want an easy, no-fuss travel rewards credit card, the Capital One Venture Rewards Credit Card is a great fit. For a moderate annual fee, it offers plenty of value, useful benefits, and a substantial welcome bonus.
Capital One VentureRewards Card review External link Arrow An arrow icon, indicating this redirects the user."
Product Details
- Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel
- Earn unlimited 2X miles on every purchase, every day
- Earn 5X miles on hotels, vacation rentals and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options
- Miles won't expire for the life of the account and there's no limit to how many you can earn
- Receive up to a $120 credit for Global Entry or TSA PreCheck®
- Use your miles to get reimbursed for any travel purchase—or redeem by booking a trip through Capital One Travel
- Enjoy a $50 experience credit and other premium benefits with every hotel and vacation rental booked from the Lifestyle Collection
- Transfer your miles to your choice of 15+ travel loyalty programs
Capital One VentureOne Rewards Credit Card
On Capital One's website
Insider’s Rating
Business Insider's Ratings are decided by our editorial team. The rating system considers various factors and evaluates cards against others of the same type so you can pick a card that is a good fit for your goals.
3.95/5
Perks
Earn 5 miles per dollar on hotels and rental cars booked through Capital One Travel. Earn unlimited 1.25X miles on every purchase.
Annual Fee
$0
Intro APR
0% intro APR on purchases and balance transfers for 15 months (intro fee of 3% for the first 15 months, then 4% of the amount of each balance transfer at a promotional APR that Capital One may offer you at any other time)
Regular APR
19.99% - 29.99% Variable
Intro Offer
20,000 miles after spending $500 on purchases within three months from account opening
Earn 20,000 miles
Pros
- No annual fee or foreign transaction fees
- Versatile rewards
- Earn 1.25 miles per dollar on all purchases with no bonus categories to track
Cons
- Lower earning rate than some other no-annual-fee rewards cards
- Limited benefits
Insider’s Take
The VentureOne Rewards Card is a slimmed-down version of the popular Capital One Venture Rewards Credit Card. It's one of the few no-annual-fee cards on the market that gives you the option to redeem miles for cash back or transfer them to travel partners.
VentureOne Rewards Card review External link Arrow An arrow icon, indicating this redirects the user."
Product Details
- $0 annual fee and no foreign transaction fees
- Earn a bonus of 20,000 miles once you spend $500 on purchases within 3 months from account opening, equal to $200 in travel
- Earn unlimited 1.25X miles on every purchase, every day
- Miles won't expire for the life of the account and there's no limit to how many you can earn
- Earn 5X miles on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options
- Use your miles to get reimbursed for any travel purchase-or redeem by booking a trip through Capital One Travel
- Transfer your miles to your choice of 15+ travel loyalty programs
- Enjoy 0% intro APR on purchases and balance transfers for 15 months; 19.99% - 29.99% variable APR after that; balance transfer fee applies
Venture vs. VentureOne annual fees
One of the biggest disparities between these cards comes down to the annual fee. Here's what you should know about the cost of each card.
Capital One VentureRewards Credit Card
The Capital One VentureRewards Credit Card charges a $95 annual fee (rates and fees).
Capital One VentureOne Rewards Credit Card
The Capital One VentureOne Rewards Credit Card is a no-annual-fee credit card (rates and fees).
Venture vs. VentureOne reward earning potential
These two cards both earn Capital One Venture miles, but the Capital One VentureRewards Credit Card and Capital One VentureOne Rewards Credit Card differ in their earning rates for everyday purchases.
Earning rate on all purchases
The Capital One VentureRewards Credit Card earns 2 miles per dollar on all purchases outside of Capital One Travel, while the Capital One VentureOne Rewards Credit Card earns 1.25 miles per dollar on all purchases outside of Capital One Travel.
There is no limit to the number of rewards that you can earn with either card.
Bonus rates on travel purchases
Both cards earn 5 miles per dollar on hotels and rental cars booked through Capital One Traveland the Capital One VentureOne Rewards Credit Card also earns 5 miles per dollar on vacation rentals.
Capital One VentureRewards Credit Card and Capital One VentureOne Rewards Credit Card sign-up bonuses
Comparison of initial offers
The Capital One VentureRewards Credit Card and the Capital One VentureOne Rewards Credit Card both come with good welcome bonus offers.
The Capital One VentureOne Rewards Credit Card is a great option for students or other people who don't spend much money regularly, since you can earn a bonus worth $340 without paying an annual fee or spending more than a few hundred dollars over three months.
The Capital One VentureRewards Credit Card, on the other hand, is great for people who will put their household expenses on a credit card and pay them off in full each month. If you spend more than $1,000 a month on purchases that can be charged to a credit card, this welcome bonus will be easy for you to relatively easy for you to earn. You'll earn $1,275 based on Business Insider'spoints and miles valuations, which easily offsets the cost of this card's annual fee for your first year and then some.
Redemption options
Capital One miles are some of the most versatile — and therefore useful — travel rewards currencies you can collect.
Flexibility in using miles
Unlike some other transferable pointsprograms such as Chase Ultimate Rewards®, the miles you earn with these cards are exactly the same. There are no restrictions on how you can use the miles you earn with the no-annual-fee Capital One VentureOne Rewards Credit Card.
Travel booking through Capital One or transfer partners
The miles earned from each card are worth 1 cent apiece toward offsetting paid travel. Both cards also give you the ability to transfer miles to Capital One's airline and hotel partners, such as Air Canada Aeroplan, British Airways, Turkish Airlines, and Wyndham.
Converting your miles into rewards with transfer partner programs like these can get you flights and hotels for literal pennies on the dollar. Our beginner's guide on booking free travel and cheap deals with credit card rewards helps you understand how easy it can be to maximize your miles this way.
Travel benefits
Our Capital One Venture card review and Capital One VentureOne Rewards card review explore each card's individual benefits in greater detail. But here's a side-by-side comparison of some key similarities and differentiators.
Both cards: No foreign transaction fees
Neither credit card charges foreign transaction fees, so either one will work well in your wallet for international travel.
Both cards: Rental car insurance and travel accident insurance
Both cards offer some form of rental car insurance and travel accident insurance, although neither card tops the industry in this benefit category.
Venture: Lost luggage reimbursem*nt
The Capital One VentureRewards Credit Card also offers lost luggage reimbursem*nt, as well as helpful perks like travel and emergency assistance services and roadside dispatch.
Venture: Global Entry/TSA PreCheck application fee credit
The Capital One VentureRewards Credit Card comes with a statement credit worth up to $120 to fully reimburse the application fee for either Global Entry or TSA PreCheck®(trusted traveler programs that give you expedited security experience at domestic airports). Membership in these programs lasts five years — and this statement credit regenerates every four years. So as long as you keep the card open, you'll never have to pay.
The Capital One VentureOne Rewards Credit Card does not offer this benefit.
VentureOne: 0% introductory APR
There's one benefit offered by the Capital One VentureOne Rewards Credit Card that isn't offered on the Capital One VentureRewards Credit Card.
With the Capital One VentureOne Rewards Credit Card, you'll get a 0% intro APR on purchases and balance transfers for 15 months (intro fee of 3% for the first 15 months, then 4% of the amount of each balance transfer at a promotional APR that Capital One may offer you at any other time), then 19.99% - 29.99% Variable APR (rates and fees).
This benefit may appeal to those who want to spread out payments for large purchases over time, without incurring big interest charges.
We always recommend paying your credit card off in full each month. But if you've got a necessary large upcoming purchase that you don't think you can pay off for several months, this intro APR could be a big win.
Who should choose which card?
These two cards are very similar, yet can offer vastly different benefits for different types of cardholders. Fortunately, you can always apply for a new card, or request an upgrade or downgrade down the road if you find your current choice inadequate.
If you haven't made your decision yet, here are some criteria to consider as you evaluate each option.
Frequent vs. occasional travelers
Welcome offer value
For most people, the bigger welcome offer on the Capital One VentureRewards Credit Card makes it the clear winner, at least for the first year.
Business Insider estimates its bonus to be worth $1,275 in travel — while the Capital One VentureOne Rewards Credit Card bonus is worth $340 in travel, based on Business Insider'spoints and miles valuations.
Both offers are good, however — and the fact that the Capital One VentureOne Rewards Credit Card doesn't come with an annual fee will appeal to many people.
Expedited travel benefits
Frequent travelers also benefit significantly from having Global Entry or TSA PreCheck® — and even infrequent travelers may enjoy having expedited security benefits for a more stress-free travel experience.
Global Entry lets you skip the immigration line when returning to the U.S. at many hub airports, while TSA PreCheck® allows you to keep shoes, belts, and light jackets on when traversing most domestic security checkpoints. You can also keep your laptop sheathed.
Combined, these two privileges significantly speed up your time getting through the airport to your departure gate.
These memberships last five years, and the Capital One VentureRewards Credit Card credit for this membership is available every four years.
Big spenders vs. small-time spenders
The Capital One VentureRewards Credit Card earns 37% more miles per dollar than the Capital One VentureOne Rewards Credit Card on most spending.
However, its $95 annual fee (rates and fees), means you'll have to do quite a bit of spending each year before the card's return rates begin to pull ahead of the Capital One VentureOne Rewards Credit Card.
You'll need to spend at least $12,667 on the Capital One VentureRewards Credit Card each year in order to offset the fee — that's how much you'd have to spend on the Capital One VentureOne Rewards Credit Card at 1.25 miles per dollar to earn $95 in reward value.
If you think you'll spend less than that, you may want to consider doing a product change to the Capital One VentureOne Rewards Credit Card to save on the annual fee during the second year.
Conclusion: Choosing between Venture and VentureOne cards
Making the right choice for your travel and spending needs depends more on your personal habits than on the cards themselves.
The two biggest deciding factors between these two cards are the vastly different welcome bonuses and annual fees. If you can use the Capital One VentureRewards Credit Card's benefits to their full potential, it's the no-brainer card to get.
However, if the card's perks don't appeal to you — and you don't think you'll spend at least $12,667 per year — the Capital One VentureOne Rewards Credit Card becomes the optimal choice.
Capital One Venture Rewards vs. VentureOne frequently asked questions
What are the main differences between the Capital One Venture and VentureOne cards?
The primary differentiators are between the cards' annual fees (the Venture has one while the VentureOne does not), welcome bonuses, and reward earning rates. While cardholders can't go wrong with either option, the Venture comes with a statement credit toward Global Entry/TSA PreCheck® while the VentureOne offers an initial period with zero interest.
Do both cards offer sign-up bonuses?
Yes, both the Venture and VentureOne cards offer welcome bonuses. The VentureOne offers a lower bonus but also comes with a much lower spending requirement.
Can miles earned with both cards be used for any travel expenses?
Depending on how you choose to redeem your miles, rewards from both cards can be used for most travel expenses including flights, hotels, and rental cars. You can either book through Capital One Travel, or transfer to airline and hotel partners.
Which card is better for someone who travels frequently?
The Capital One Venture card is a better fit for frequent travelers because it comes with a fee credit toward Global Entry and TSA PreCheck®.
Is there an advantage to choosing the VentureOne card?
The VentureOne card is a great choice if you don't want to pay an annual fee, or if you can benefit from an introductory period of zero interest.
Credit cards reporter
Joseph Hostetler is a credit card expert who specializes in helpful miles and points tricks. He is also a Certified Educator in Personal Finance (CEPF).Joseph has more than six years of experience writing professionally about credit cards, previously authoring and editing for The Points Guy and Million Mile Secrets.
Senior Editor, Credit Cards
Katherine Fan is a personal finance expert, journalist, and public speaker with nine years of industry experience.Before joining Personal Finance Insider as Senior Editor of Credit Cards, Katherine covered aviation, award travel, loyalty programs, and credit cards as a senior reporter for The Points Guy, and small business finances as a lead writer for Nerdwallet.ExperienceSince 2015, Katherine has published 1,800+ articles, guides, and reviews covering credit card benefits and rewards, small business finances, points and miles travel, loyalty programs, and real estate investing.Katherine has also freelanced for CNN Underscored, Forbes Advisor, Wall Street Journal Buy Side, Bankrate, CreditCards.com, the Dallas Morning News, LendingTree, Upgraded Points, Fortune Recommends, Newsweek, and Slickdeals Money. Her work has been syndicated by Nasdaq, MSN and Yahoo.Katherine is a guest speaker at TravelCon, and hasbeen featured on multiple podcastsincluding NPR Life Kit, Expedia's Out Travel the System, and The Points Guy'sMiles Away.In her spare time, Katherine moonlights as a photojournalist covering Formula 1, Austin City Limits, and SXSW for the Austin American-Statesman and other media outlets. When she's not jetsetting around the world, you'll likely find her in Austin cooking up a batch of spicy Chinese food.ExpertiseKatherine's expertise encompasses:
- Small business finances
- Credit cards
- Points and miles travel
- Travel insurance
- Real estate investing
Katherine's interest in personal finance runs parallel to her passions for real estate investing and award travel. Despite a salary of just $28,000 a year from her first full-time job, Katherine built an excellent credit score of 805 from scratch through hard work [and privilege], which allowed her to purchase her first home six years after graduating college. She's since added five more doors to her real estate portfolio, although she plans to retire on her index fund investments.Thanks to credit card travel rewards, Katherinehas flown well over one million miles visiting 44 countries across all seven continents. She's sailed with orcas in Antarctica, flown home in first class from Japan, photographed a wedding at Hobbiton in New Zealand, and gone on safari in South Africa. But her most meaningful trips always bringher home to loved ones in Taiwan.EducationKatherine holds dual degrees in photojournalism and Asian American studies from the University of Texas at Austin, and a certificate in business Chinese proficiency from National Taiwan University. She began her professional career in tech as a software sales executive for several years before returning to her media roots.
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For Capital One products listed on this page, some of the benefits may be provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.
