Capital One Venture vs VentureOne

March 21, 2017, Written By Jason Steele

Nearly everyone wants to earn miles from their credit cards so they can earn a free trip to a fun destination. But somewhere along the way, the airlines have made it incredibly hard to actually spend your frequent flyer miles on a free trip.

First, they have vastly increased the number of miles needed for most award flights, while curtailing the number of seats they make available at the lowest mileage levels, which used to be standard. Next, airlines have imposed all sorts of taxes and fees on many of their awards, making them far from free. Finally, the airlines have complicated rules for redeeming your miles, making it a big hassle to redeem what used to be a simple, free ticket.

But Capital One, which prides itself on offering credit card rewards with “No Hassles”, take a different approach to credit card miles. It offers two popular credit cards that earn miles which can be redeemed for any flight, on any airline, with no blackout dates or restrictions. Their miles are worth one cent as statement credits not just for airline tickets, but for hotels, car rentals, tours, cruises and other travel expenses.

Earning these types of miles is ideal for those who want to earn travel rewards from their credit card, but would rather not have to deal with airlines and their complicated frequent flyer programs. This program also makes sense for people who need to travel during the holidays or other frequent travel periods when there is little chance of finding award seats in traditional airlines frequent flyer programs at the lowest mileage levels. Finally, these miles are also great for planning travel with families and other large groups, as traditional airlines frequent flyer programs rarely offer several award seats on the same flights.

Capital One offers two different cards that allow you to earn their miles, the Venture Rewards card and the VentureOne. Let’s take a closer look at these cards, and then see which one makes the most sense for your needs.

Capital One Venture Rewards

The Venture Rewards card starts off by offering 40,000 bonus miles, worth $400 in travel statement credits, after new customers use their card to spent $3,000 within three months of account opening. This card always offers two miles per dollar spent on all purchases, with no limits.

When it comes time to redeem your miles, you can book travel with your card the way you normally would, and then redeem your miles for one cent each as statement credits toward your charges.

Recently, Capital One decided to offer new customers a metal version of the card, which is made of stainless steel veneer and is produced with 75% recycled materials. This is a limited time offer and the new Venture metal cards will have EMV chips and can be used the same way a plastic credit card is used.

The Venture Rewards card is also part of the Visa Signature program, which features cardholder benefits such as travel upgrades and savings, a complimentary concierge service, extended warranty coverage and emergency card replacement.

There is a $59 annual fee for this card that is waived the first year, and like all Capital One cards, there are never any foreign transaction fees imposed on charges made outside of the United States.

Capital One VentureOne Rewards

The VentureOne Rewards card is similar to the Venture card, and you can think of it as being like its little brother. New VentureOne cardholders can earn 20,000 bonus miles, worth $200 in travel statement credits, after making $1,000 in purchases within three months of account opening.

This card offers 1.25 miles per dollar spent on all purchases, with no limits. Like the Venture card, miles are worth one cent each as statement credits toward travel rewards, including airfare, hotel, rental cars, tours, and cruises.

This card is also part of the Visa Signature program, so you receive the same travel upgrades and savings, complimentary concierge service, extended warranty coverage and emergency card replacement as the Venture card.

One feature the VentureOne offers that the Venture Rewards card does not is an introductory financing offer. New cardholders receive 12 months of 0% APR financing on new purchases. There is no annual fee for this card, and no foreign transaction fees.

Which card is right for you?

The biggest differences between the two cards are the annual fee and the rate of earning miles. The Venture Rewards card has a $59 annual fee that is waived the first year, while the VentureOne card has none. Also, the Venture card offers double miles on all purchases while the VentureOne offers just 1.25 miles per dollar spent. Finally, the Venture card’s 40,000 sign-up bonus is double that of the VentureOne.

For most cardholders who spend more than a few thousand dollars a year on their cards, the Venture Rewards card will offer greater value, despite its annual fee. But for people who use their credit cards less often, and those who just refuse to pay an annual fee on principle, the VentureOne card will be their preferred choice.

Whichever card you decide to go with, you can be sure to enjoy the hassle-free advantages of using Capital One miles whenever and however you want.



The information contained within this article was accurate as of March 21, 2017. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.