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You might have come across the Capital One Venture Rewards Credit Card and the Capital One VentureOne Rewards Credit Card in TV commercials or magazine spreads. Both cards offer valuable perks that can benefit your spending habits, enabling you to earn rewards on all purchases. In this comparison of the Capital One Venture and VentureOne cards, we’ll guide you to the option that best suits your needs.
Capital One Venture and VentureOne Annual Fees
Capital One Venture: $95
VentureOne: $0
The annual fee for the Capital One Venture Rewards is $95 annually while the VentureOne is $0.
Both Capital One cards do not charge a foreign transaction fee, which is a definite plus for the no-fee VentureOne.
Purchase Rewards
Capital One Venture Rewards Credit Card: Unlimited 2x miles on every purchase, every day; 5x miles on hotels and rental cars booked through Capital One Travel.
Capital One VentureOne Rewards Credit Card: Unlimited 1.25x miles on every purchase, every day; Earn 5x miles on hotels and rental cars booked through Capital One Travel
One of the differences between both cards is how many miles you earn for every dollar spent.
If you want to earn 2x miles per $1, go with the annual fee version of the Capital One Venture Rewards Credit Card. This is the highest payout for flat-rate travel rewards cards. To justify the annual fee, you will need to spend at least $4,750 a year to earn enough reward miles (9,500 miles) that have the same value as the annual fee.
The no-fee VentureOne Card only earns 1.25 miles per $1, but, it is the better option if you will spend less than $4,750 a year since you will not earn enough points to “break even” with the Capital One Venture’s $95 annual fee.
Here’s a quick comparison of how many miles you will earn in a year if you spend $10,000 on either card:
- Capital One Venture: 20,000 miles ($200 in travel rewards)
- VentureOne: 12,500 miles ($125 in travel rewards)
For every $10,000 you spend, the Venture will earn the equivalent of $75 in bonus miles.
Redeeming Your Capital One Venture Purchase Rewards
With either Venture card, each mile is worth one cent each (10,000 miles = $100) in travel awards through the Capital One travel portal.
You can also redeem your Capital One miles for gift cards and cash credit for a lower redemption value. Since you have the exact same redemption value of one cent per mile with either credit card, your decision will (once again) boil down to how many purchase rewards you want to earn with each purchase, and, if the extra miles are worth the $95 annual fee.
This is helpful to know when considering Capital One Venture vs VentureOne. Here’s how much 75,000 Capital One miles and 50,000 Venture miles are worth.
Additionally, cardholders can transfer miles to leading travel partners and airport lounges.
Additional Cardholder Benefits
Both Venture credit cards have the same additional cardholder benefits as they are both Visa Signature cards. You can receive complimentary upgrades and discounts when you book a hotel using the Visa Signature Luxury Hotels Portfolio. You can also enjoy secondary collision damage waiver coverage, shopping discounts, and extended warranties.
The Capital One Venture comes with more additional benefits like TSA Precheck or Global Entry, a metal credit card, and you can now transfer your miles out to leading travel loyalty programs, and of course, it earns 2x miles on purchases.
Capital One Venture and Venture One Sign-Up Bonus
Capital One Venture Rewards Credit Card: Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel, with the Capital One Venture Rewards Credit Card.
Capital One VentureOne Rewards Credit Card: 20,000 bonus miles after spending $500 on purchases within 3 months from account opening, equal to $200 in travel
The Capital One Venture Rewards Credit Card wins the sign-up bonus battle, as it should because you pay an annual fee, but the Venture isn’t hard to get after applying as long as you have a good credit score for the Capital One approval process.
Let’s keep exploring the Capital One Venture vs VentureOne credit cards.
Why You Might Consider the Capital One Venture Card
Here’s why you might consider spending the $95 a year for the Capital One Venture Rewards Credit Card:
- You will redeem at least 9,500 reward miles a year to nullify the $95 annual fee
- Want to earn at least 2 miles per dollar spent (vs. 1.25 miles per $1)
- More valuable sign-up bonus ($500 vs. $200)
- No foreign transaction fee
Since the Capital One Venture Rewards Credit Card is Capital One’s flagship travel rewards card, you might need a higher credit score to qualify. While Capital One says you need excellent credit for either card, on average, you need a 730 to be approved compared to 720 for the VentureOne according to the forums of existing cardholders.
Why The Capital One VentureOne Can Be The Better Option
If the $95 annual fee seems too expensive, the VentureOne can be a breath of fresh air for the reasons below:
- No annual fee credit card
- Points have the exact same redemption value
- Similar additional cardholder benefits
- No foreign transaction fee
- More cost-effective if you won’t redeem at least 9,500 miles per year with the $95-a-year with the Venture Card
The Capital One VentureOne Rewards Credit Card is the better option if you only want a secondary travel credit card or plan on spending less than $4,750 per year. This is because you must earn at least 9,500 points each year just to have enough points to redeem for $95 in travel awards to cancel out the $95 Venture Card annual fee when the 2x miles begin to pay you to travel.
Realistically, the VentureOne is probably going to be the better option if you spend less than $11,000 a year on your Capital One Venture Card reviews lets us know if you still need to “catch up” after your first $95 in redeemed miles pay for the annual fee. Spending $11,000 with the Venture Card gives you 22,000 miles worth $220 ($125 after including the annual fee). To earn $125 in travel rewards with VentureOne, you only need to spend $10,000.
An Alternative Solution
Unless Chase will decline your card application because of the Chase 5/24 rule, there are several potentially better alternatives to both of the Venture cards. How do they compare to the Capital One Venture vs VentureOne?
The Best Alternative to the Capital One Venture Card
If you crave flexibility, the Chase Sapphire Preferred® Card is the better offer. You will pay the same $95 annual fee and your points are worth 1.25 cents each or can be transferred to a different airline or hotel loyalty program. The more valuable redemption options can be worth the tiered purchase rewards of only earning two miles on travel and dining, plus one point for all remaining purchases with the Chase Sapphire Preferred® Card. But do Chase and Capital One have good products?
An Alternative to the Capital One VentureOne
There are many different no-annual-fee credit cards to choose from where your rewards points are worth at least one cent each.
If you would rather stick with Capital One, its flat-rate cashback rewards card earns 1.5% on every purchase and doesn’t charge a foreign transaction fee. You can’t redeem your points directly for award travel or travel statement credits, but, you can get a slightly higher cash statement credit that can be just as valuable.
These are things to consider when comparing the Capital One Venture vs VentureOne.
Bonus: Capital One Venture X Rewards Credit Card
If you’re looking for a little more oomph in your travels, consider the Capital One Venture X Rewards Credit Card. This addition to the Capital One lineup includes the ability to earn unlimited:
- 10x miles on hotels and rental cars booked through Capital One Travel
- 5x miles on flights booked through Capital One Travel
- 2x miles on all other purchases
Cardholders can also enjoy unlimited access to all-inclusive amenities at the Capital One Lounge and at Priority Pass lounges worldwide. Plus, they’ll receive up to a $100 credit for Global Entry or TSA PreCheck®.
Additional benefits include $300 back annually for bookings through Capital One Travel, where you’ll get access to thousands of options. Plus, get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary.
Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel, with the Capital One Venture X Rewards Credit Card.
This offer is perfect for a relaxing vacation either domestically or abroad. The annual fee is $395, but there are no foreign transaction fees.
Final Thoughts on Capital One Venture vs VentureOne
If you only want a secondary rewards credit card, the Capital One VentureOne is the better option. But, if you will spend more than $11,000 a year and want to earn 2x miles per $1 spent, the Capital One Venture Card is the better option. The signup bonus miles plus your 2x normal purchase rewards are pure profit and can be worth the card application as well.
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