Capital One® VentureOne® Rewards Credit Card

Note: Capital One is a Frequent Miler advertiser. Please see our Advertiser Disclosure.

Capital One® VentureOne® Rewards Credit Card
20K "miles"
One time bonus: 20K after $1K spend in 3 months from account opening
Click Here to Apply

$0 Annual Fee

FM Mini Review: Many no-fee cards offer better rewards, so there's no point in using this card after collecting the welcome offer.


Card Type: Visa Signature or Platinum

Base
1.25X
(1.31%)

Earning rate: 1.25X everywhere

Noteworthy perks: Earn 10x miles on hotels through January 2020; learn more at hotels.com/venture ⚬ Redeem miles for travel at value of 1 cent per mile ⚬ Convert "miles" to airline miles at a (mostly) 2 to 1.5 ratio ⚬ No foreign transaction fees

Overview

The Capital One VentureOne Rewards card earns only 1.25 miles per dollar. Miles are worth 1 cent each when redeemed for travel. In other words, this card effectively earns 1.25% in rewards. That's not very good.

Things get a little more interesting now that Capital One Miles are transferable to airline miles. Since the transfer ratio is 2 to 1.5, you can think of this card as earning your choice of 1.25% everywhere OR 0.94 airline miles everywhere. That's NOT a good earning rate, but it's worth noting.

More information about Capital One transfer partners can be found here.

Bottom Line

Good choice for a welcome offer, but an awful choice to use for spend with one big exception: Earning 10X miles on hotels is excellent.

Application Tips

Capital One Application Tips


  • 6 month rule: Must wait 6 months after applying for a Capital One card before applying for another one.

  • 2 card limit: You can have at most 2 Capital One consumer cards

  • Get Same Card Again: There is no known rule against getting the same card and bonus again even if you still have the card open.

  • Hard inquiries usually get issued through all 3 credit bureaus


To check application status, call (800) 903-9177 or (877) 277-5901
If denied, call reconsideration here: (800) 625-7866

Related Cards (Capital One Miles)

Capital One® Venture® Rewards Credit Card
50K "miles"
One time bonus: 50K after $3K spend in 3 months from account opening

No Annual Fee First Year, Then $95

Capital One® Spark® Miles for Business
50K "miles"
Earn a one time bonus: 50K after $4500 spend in the first 3 months from account opening

No Annual Fee First Year, Then $95

Recent better offer: Expired 1/28/19: Up to 200K miles: 50K after $5K spend in 3 months from account opening. Earn an additional 150K miles when you spend $50K on total purchases within the first 6 months.

Capital One® VentureOne® Rewards Credit Card
20K "miles"
One time bonus: 20K after $1K spend in 3 months from account opening

$0 Annual Fee

Capital One® Spark® Miles Select for Business
20K "miles"
One time bonus: 20K after $3,000 spend in 3 months from account opening

$0 Annual Fee

Last updated on May 30th, 2018

Regarding comments: Comments posted at the bottom of Frequent Miler pages and posts are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.

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