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 signup bonus.


Card Type: Visa Signature or Platinum

Base
1.25X
(1.7%)

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 signup bonus, 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"
One time bonus: 50K after $4500 spend in 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

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