Capital One VentureOne Review: Unlimited 1.25x Miles and More

The Capital One VentureOne Rewards Credit Card's competitive rewards rate makes it a good card for modest spenders and for travelers who want to stick to their preferred travel booking methods to find cheap deals, versus redeeming points through an issuers portal. In this Capital One VentureOne Rewards Credit Card review, we’ll look at the pros and cons of this travel card’s many features.

This credit card is a good fit for: Cardholders who want to earn travel rewards but avoid an annual fee. Those who need extra time to pay for a big purchase can also benefit from this card's introductory 0% APR offer.

Top perks

20,000 miles welcome bonus

New cardholders can reap this bonus after spending $500 on purchases within three months of account opening.

1.25 miles per $1

Earn the standard rate on purchases, every day.

No annual fee

This is a great no annual fee card. That's particularly appealing, given the rather full set of features with this card.

0% intro APR for 15 months for purchases and balance transfers

New purchases and balance transfers qualify for a 0% intro APR for 15 months. Note, there is a 3% balance transfer fee per transfer in the first 15 months.

No foreign transaction fee

It's still fairly common for issuers to levy this charge, which tends to hover around the 3% mark. Though that's not a high amount, it can add up to substantial outlay if a cardholder spends generously abroad (which isn't hard to do when on vacation, trust me!).

Flexibility with miles redemption

Many travel cards require their holders to redeem rewards for travel by booking through a proprietary portal whereas you can book travel with this card through your preferred method and erase purchases with statement credits.

What could be improved

Balance transfer fee

A balance transfer offer is rare in this category, but keep in mind that there is a 3% balance transfer fee. If you want to keep fees low, take a look at our picks for the best balance transfer credit cards for more choices.

You should have a FICO® Score of at least 670 to apply for this card; ideally, aim for a score in the 700s. Of course, credit score descriptors are subjective. Fortunately, the issuer provides some guidance. Capital One says that those with excellent credit:

• Have, for at least three years, owned a credit card with a limit above $5,000, or managed a loan at the same level and duration.
• Have not defaulted on a loan.
• Have not declared bankruptcy.
• Never paid a credit card statement, medical bill, or loan over 60 days past due.

The Capital One VentureOne Rewards Credit Card is one of the better all-around cards targeting the sweet spot between cardholders on a budget and free spenders. It earns miles at a slightly higher clip than many of its flat-rate rewards peers and isn't burdened by an annual fee (which these days can run into the hundreds, even thousands, of dollars).

Travelers are particularly well served by using the card, with a host of breaks including the $0 foreign transaction fee. What makes this card a strong contender is that the non-traveler can also benefit from the well-stocked feature set.

As such, the Capital One VentureOne Rewards Credit Card is an appropriate card for those who want plenty of perks on their plastic, but who don't want to shell out an annual fee for the privilege. It's also suitable for those who aren't eager to navigate their rewards program's various rules, time-limited bonuses, and redemption limits, preferring a more low-maintenance experience.

Read more: Best Credit Cards