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October 23, 2018 12:00 PM PT

Capital One Venture vs VentureOne

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Is Capital One Venture or VentureOne better for you? See how they compare in annual fee, rewards, and benefits.

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The Venture and VentureOne are sibling travel rewards cards from Capital One.

The main difference is that the Venture gives you double miles on purchases, but it has an annual fee. The VentureOne offers fewer rewards with no annual fee.

The better one for you depends on how much you spend and how often you travel.

We'll do a full comparison of the two cards, so you can decide which is right for you.

Overview

 

Capital One® Venture® Rewards Credit Card

Capital One® VentureOne® Rewards Credit Card

 

Interest Rates and Fees

Introductory APR for PurchasesN/A0% intro on purchases for 12 months
Purchase APR14.74% to 24.74% (Variable) based on your creditworthiness and other factors13.74% to 23.74% (Variable) based on your creditworthiness and other factors
Balance Transfers APR14.74% to 24.74% (Variable) based on your creditworthiness and other factors13.74% to 23.74% (Variable) based on your creditworthiness and other factors
Balance Transfer FeeNo balance transfer feeNo balance transfer fee
Annual Fee$0 intro annual fee for first year; $95 after that$0 annual fee
 

Benefits and Features

Introductory Bonus Airline RewardsIntroductory Bonus Airline Rewards: Earn a one-time bonus of 50,000 miles if you spend $3,000 on purchases within three months of account opening (worth $500 in travel).Introductory Bonus Airline Rewards: Earn a one-time bonus of 20,000 miles if you spend $1,000 on purchases within three months of account opening (worth $200 in travel)
Travel RewardsTravel Rewards: Earn 2x miles per dollar on all purchases. Redeem your miles for travel purchases on any airline, hotel, or car rental.Travel Rewards: Earn 1.25 miles per dollar on all purchases. Redeem your miles for travel purchases on any airline, hotel, or car rental.
Airline RewardsAirline Rewards: Earn 2x miles per dollar on all purchasesAirline Rewards: Earn 1.25 miles per dollar on all purchases.
Airline Transfer PartnersAirline Transfer Partners: Capital One transfer partners include Aeromexico, Air Canada, Air France/KLM, Alitalia, Avianca, Cathay Pacific, Emirates, Etihad, EVA, Finnair, Hainan, Qantas, Qatar, and Singapore Airlines. 

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Capital One Venture: Pricing information including interest rates, rewards, benefits and fees was obtained on June 28, 2018 from published websites and is believed to be accurate, but not guaranteed.

Capital One VentureOne: Pricing information including interest rates, rewards, benefits and fees was obtained on June 28, 2018 from published websites and is believed to be accurate, but not guaranteed.

Editorial Note: This content is not provided by Capital One. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Capital One.

Disclaimer: The information for the Capital One® Venture® Rewards Credit Card and Capital One® VentureOne® Rewards Credit Card has been collected independently by CreditDonkey. The card details on this page have not been reviewed or provided by the card issuer.

  • Capital One Venture gives you 2x miles on purchases, but has a $95 annual fee ($0 intro for the first year). It also offers Global Entry application fee credit as an extra perk.

  • VentureOne only gives 1.25x miles on purchases, but has no annual fee.

Both cards allow you to redeem miles against recent travel purchases.

What You Get with Either Card

  • Super easy redemption. You can redeem your miles for travel at the rate of 1 mile = 1 cent (1,000 miles = $10). Miles earned with the card can be used 2 ways:

    • Applied as a statement credit toward travel-related spending in the previous 90 days. You can use them for any flights, hotel stays (including Airbnb), car rentals, trains, Uber and more.

    • Booking new travel through Capital One's travel portal. You can search for airfare and hotels, and then just use your points to pay.

    You don't have to transfer miles or book complicated award flights. And you can book travel without having to worry about black-out dates or other restrictions.

    You can also redeem miles for cash back. HOWEVER, the redemption rate is less than 1 mile = 1 cent. So we do not recommend this.

  • No minimum redemption amount. You don't have to wait to get a certain number of points before you start redeeming. Even if you took a $5 Uber ride, you can still use your miles to "erase" the purchase.

  • 10x miles on hotels. When you book a hotel on hotels.com/venture, you get 10x miles. This special offer lasts through January 31, 2020.

  • No foreign transaction fee. Neither card charges a foreign transaction fee. So either one will make a good companion for trips abroad.

  • Miles never expire. Your miles earned will never expire as long as your account remains open and in good standing. And there is no cap to how many miles you can earn.

  • No balance transfer fee. Neither card charges a balance transfer fee. However, there is no intro APR on balance transfers. So moving over a balance may not be a smart idea, unless you get a lower APR than what you currently have.

Why the Venture Is Better

If you're a more frequent traveler, you may prefer the Capital One Venture. Here are some reasons it may be better:

  • A huge welcome bonus. You earn a bonus of 50,000 miles when you spend $3,000 on purchases within three months of account opening. That's worth $500 in travel.

  • Double points on all purchases. You get 2x miles on all purchases. This makes the Venture a great everyday credit card. You'll be able to rack up the miles fast.

  • Credit for Global Entry or TSA Pre✓® fee. Every 4 years, you can get up to $100 credit when you use your Venture card to pay for a Global Entry (expedite customs) or TSA Pre✓® application (expedite security screening). These are nice perks for frequent travelers to save on hassle.

    Tip: Between the two, we recommend Global Entry if you qualify. Global Entry is more expensive ($100 vs. $85 for TSA Pre), but it includes TSA Pre. So you essentially get both memberships with one application.

Why the VentureOne May Be Better

If you're only an occasional traveler, it would make more sense to go for the VentureOne. Here's what you get.

  • A smaller welcome bonus. You earn 20,000 bonus miles when you spend $1,000 on purchases within the first 3 months from account opening. That's worth $200 in travel - a decent bonus for a no-annual-fee card.

  • 1.25x miles on purchases. All purchases will earn 1.25x miles. This means your reward rate is the equivalent of 1.25% cash back.

  • An introductory APR for purchases. The VentureOne has an intro 0% APR for 12 months for purchases. After that, the APR is 13.74% - 23.74% (Variable), depending on your creditworthiness. The intro APR is great if you have some larger purchases to make in the first year and need time to pay them off.

    The ongoing APR is also slightly lower than that of the Venture.

Both Do Have Downsides

Beware of these potential downsides of the cards. Perhaps these will make or break the deal for you.

Downsides of the Venture:

  • No intro APR. There is no intro APR on purchases or balance transfers. So it's best if you're able to pay off your balance in full each month.

  • $95 annual fee. There is a $95 annual fee, so there is a small investment to use it. However, it is waived for the first year.

Downsides of the VentureOne:

  • Reward rate not the highest. 1.25x miles on all purchases is not the best reward rate. There are other no-annual-fee cards that offer a higher rate. For example, Bank of America Travel Rewards gives 1.5x points on all purchases.

Which Card Is Better for You?

The better one for you depends on how much you spend on your credit card.

If you spend at least $1,056 on your credit card per month, then go with the Venture. You will come out ahead in rewards, even with the $95 annual fee. Here's how the math works:

  • With Venture: $1,056/month x 2 = 2,112 miles/mo. This equals 25,344 miles/year = $253/year in rewards

  • With VentureOne: $1,056/month x 1.25 = 1,320 miles/mo. This equals 15,840 miles/year = $158/year in rewards

  • $253 - $158 = $95 (which is the annual fee)

So if you charge more than $1,056 a month, your rewards will more than make up for the annual fee.

Of course, the right card for you also depends on how much you spend on travel each year. Do you travel enough each year to be able to use the rewards?

Remember that you can redeem your rewards for Uber, train travel, car rentals, etc., so you're not limited to only flights and hotels. So even if you're more of a backyard traveler, you can still find ways to use your miles.

Other Benefits of Both Cards

Both cards also come with these travel and purchase protections:

  • Travel Accident Insurance. In the event of accidental loss of life or dismemberment when riding in a common carrier, you and your family are automatically insured up to a certain amount.

  • Extended Warranty. You'll get additional warranty protection on eligible items with an original U.S. manufacturer's warranty.

  • Auto Rental Collision Damage Waiver. You get secondary insurance against damage due to collision or theft when you rent a car and decline the rental company's collision/damage waiver.

  • 24-Hour Travel Assistance Services. Anytime you're traveling and run into trouble, the Benefit Administrator can provide assistance and referral. Examples could be medical referrals, emergency ticket replacement, and emergency transportation assistance.

Bottom Line

If you charge enough on your credit card each month and travel somewhat frequently, we think the Capital One Venture is the much better deal. You rack up miles much quicker, and plus, the welcome bonus is a lot larger.

If you're not sure about paying an annual fee, you can start with the VentureOne. But if this is the case, we recommend comparing it with other no-annual-fee travel rewards cards. You may find that another one may be better.

Disclaimer: Opinions expressed here are author's alone. Please support CreditDonkey on our mission to help you make savvy decisions. Our free online service is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. This site may be compensated through the Advertiser's affiliate programs.

Disclaimer: The information for the Capital One® Venture® Rewards Credit Card, Capital One® VentureOne® Rewards Credit Card, and Bank of America® Travel Rewards credit card has been collected independently by CreditDonkey. The card details on this page have not been reviewed or provided by the card issuer.

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CreditDonkey is a credit card comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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