If you upgrade your Capital One VentureOne to a Capital One Venture card, you should receive your new card in the mail in about 7 to 10 business days. You can still use your Capital One VentureOne card until the new card arrives, though. Your current APR and credit limit will stay the same, unless either is stated differently in the upgrade offer. You’ll keep your original card number, too, but the new card will come with a different expiration date and 3-digit security code, so be sure to update any automatic payments connected to your account. You should also be aware that when you upgrade, you won’t be eligible for the Capital One Venture card’s initial bonus offer.
Note that if you upgrade your Capital One VentureOne card, either through an upgrade offer or by requesting an upgrade, there will be no hard pull on your credit report and no negative effect on your credit score.
The difference between the Capital One Venture and the Capital One VentureOne Rewards Credit Card is that the former is the premium version. It has a more generous sign-up bonus (60,000 miles for spending $3,000 in the first 3 months), a higher 2 miles per $1 earnings rate and an annual fee of $95.… read full answer
Capital One VentureOne on the other hand, has a sign-up bonus of 20,000 miles once you spend $500 on purchases within 3 months from account opening and only awards you 1.25 miles per $1 on every purchase, but it has a $0 annual fee.
All in all, if you travel a lot and spend about $15,000 per year in travel, the Capital One Venture card is worth it. Otherwise, the Capital One VentureOne card might be a better option.
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