The
Capital One VentureOne Rewards Credit Card is a good travel rewards credit card that’s worth considering if you don’t want to pay an annual fee or commit to a certain airline or hotel chain. It has a
$0 annual fee, a
$0 foreign transaction fee, and solid rewards redeemable for any travel-related expense.
What I Like About Capital One VentureOne
Efficient initial bonus
The
Capital One VentureOne Rewards Credit Card offers
20,000 bonus miles for spending
$500 within
3 months of opening an account. Those miles are worth
$200 in travel.
You can earn this bonus without spending nearly as much as you’d have to with many other popular travel rewards cards. The payoff is competitive, too, making this a great value.
Good rewards, especially on eligible travel
The
Capital One VentureOne Rewards Credit Card gives you
1.25 miles / $1 spent, which is a bit above the market average for a rewards card. You can also earn 5 miles for every dollar spent on hotels, vacation rentals and car rentals booked through Capital One Travel.
While these rewards aren’t necessarily elite, they’re good enough to make VentureOne a worthwhile option. That’s especially true if you don’t plan to spend enough to justify paying an annual fee for the chance of earning higher reward rates.
Attractive 0% intro APR promotion
VentureOne offers an intro APR of
0% for 15 months on new purchases and balance transfers. That’s longer than average for a 0% card, and it could save you hundreds of dollars compared to normal interest rates.
For context, the average card gives 0% for
12 months on purchases and 0% for
13 months on balance transfers, according to
WalletHub's research. So VentureOne’s offer is pretty good. Plus, most of the cards with longer 0% promotions don’t have good rewards.
What I Don’t Like About Capital One VentureOne
Expensive interest rate
Capital One VentureOne's regular APR can be
18.49% to 28.49% (V), depending on factors such as your credit history and income when you apply. In any case, it’s not going to be cheap.
The best approach is to pay your bill in full every month when the regular APR is lurking. That way, you’ll avoid interest completely.
Balance transfer fee to account for
The
Capital One VentureOne Credit Card currently charges a balance transfer fee of
3% for the first 15 months, 4% at a promo APR that Capital One may offer you at any other time. So if you want to reduce the cost of existing debt, it is a good idea to use a
balance-transfer calculator to determine whether such a transaction will be worthwhile.
Good credit or better recommended
The
Capital One VentureOne Card would make more sense as a fair-credit alternative to the
Capital One Venture Rewards Credit Card. However, they’re both reserved for people with good or excellent credit. So make sure to
check your credit score for free on WalletHub before applying.
Should You Get the Capital One VentureOne?
You should apply for the Capital One VentureOne Card if you have
good credit or better and you like to travel but don’t plan to spend or travel enough for paying an annual fee on a credit card to make sense. As long as you avoid interest charges, this card should be a good source of savings.
More frequent travelers may want to consider VentureOne’s sibling, the
Capital One Venture Rewards Credit Card.
Capital One Venture (see Rates & Fees) is a mainstay among the market’s
best rewards cards, but its annual fee is enough to scare some people away.
Note: This review is not provided, commissioned or endorsed by any issuer. Opinions and ratings are our own.
