The Capital One Venture One Rewards credit card is one of the most well-received cards on the market, and is considered one of the best to own if you’re a frequent traveler.
In this 2018 review, we’ll go over the fine details of the credit card and see if it has the kinds of rewards, savings, and offerings you need.
What is the Capital One VentureOne Rewards credit card?
Th VentureOne card from Capital One is the bank’s travel credit card, great for frequent flyers and mid-to-high spenders.
Because it does have an annual fee starting in year two, you’ll want to use it often to get the most out of it.
What you need to know about the car
Here are the nuts and bolts of the card you should know before you sign up:
- Regular APR: 14.49% – 24.49% (variable)
- Annual fee: $0 for the first year and $95 per year after that
- Max late fee: $38
- One-time bonus of 50,000 miles once you spend $3,000 on purchases within three months from account opening (equal to $500 in travel)
- Miles are worth 1 cent apiece when redeemed for travel
- 10 miles per dollar on hotels when you pay with your Venture card at hotels.com/venture
- 2X miles per dollar on every purchase
- No miles expiration and no limit on how many you can earn
The pros of the Venture Rewards car
If you stack it up vs. other leading travel cards, the Venture Rewards card is near the top of the class, if not the leader.
Experts cite the fact that rewards for the Venture Rewards card are redeemed as statement credits for travel purchases, rather than being limited to a specific hotel or airline.
The high sign-up bonus, ease of redemption across most forms of travel expenses, and no annual fee for the first year put it over the top
It also has no foreign transaction fees—another plus for travelers.
Finally, the card is chip-enabled and secure, and just feels good to carry—it’ll be by far the heaviest card in your wallet.
The cons of the Venture Rewards card
If you’re looking to get cash-back rewards from this card, you’re in the wrong place.
It’s best used as a travel redemption card.
You can’t transfer your miles to another partner, or take advantage of any other typical card loopholes that savvy card owners like to use to multiply their earnings.
Finally, you do need to be aware of the annual fee, which kicks in at $95 now starting in year two.
That fee was raised to stay competitive with other cards.
Capital One Venture One Card: The Bottom Line
If you’re a frequent flier, hotel occupant, or traveler in general, it’s hard to beat the myriad benefits and rewards of the Capital One Venture Rewards credit card.
The only reason to look elsewhere is if you’re not interested in redeeming your travel purchases or you want to avoid an annual fee at all costs.