The Capital One VentureOne Rewards Credit Card is designed for travelers who aren’t heavy spenders – and earn a generous welcome bonus. This is the no-annual-fee version of Capital One’s popular travel rewards card.
New applicants earn 20,000 Miles once you spend $500 on purchases within 3 months from account opening.
In addition, if you book stays using Hotels.com, or if you don’t, this card may entice you to do even more booking thanks to Capital One’s partnership with them.
In addition, Capital One recently introduced a set of airline partners which you can transfer miles to. This gives the card more value and flexibility, potentially allowing you to earn more than 1 cent per mile.
Table of Contents
Capital One VentureOne Rewards Bonus Summary
The Capital One VentureOne Rewards Card offers 20,000 Miles once you spend $500 on purchases within 3 months from account opening.
Enjoy 0% intro APR on purchases and balance transfers for 15 months; 19.24% - 29.24% variable APR after that; 3% fee on the amounts transferred within the first 15 months.
You'll earn 1.25 Miles per dollar on every purchase, every day and pay no annual fee.
This card comes with no annual fees and no foreign transaction fees which is a great choice as your go-to travel card!
Capital One VentureOne Rewards Bonus
Earn 20,000 bonus miles once you spend $500 on purchases within the first 3 months from account opening
Redeem your miles for travel expenses, cash back statement credits, gift cards, merchandise, and mile transfers. It’s best to redeem for travel expenses or transfer them.
The other non-travel redemption options provide less than 1 cent per mile. You can redeem for either past or upcoming travel expenses.
Since miles don’t expire, you can hold on to them until you can redeem them this way.
Travel expenses are worth 1 cent per mile. The types of eligible travel expenses include airfare, hotels, buses, taxis, car, rentals, rail lines, limo services, cruise lines, travel agents, and time shares. New travel reservations can be booked with miles through Capital One’s website or by calling customer support.
Miles can also be used to pay for travel reservations as you make them.
You’ll need to book travel either through Capital One’s website or by calling customer support to redeem them.
The Capital One VentureOne Rewards Credit Card comes with great travel perks. These include Travel Accident Insurance, 24-Hour Travel Assistance Services, and Auto Rental Collision Damage Waiver. Other benefits you can use include:
- No Foreign Transaction Fees: You won’t pay a transaction fee when making purchases outside of the United States.
- Extended Warranty Protection: Double the manufacturer’s warranty of your purchase, up to one extra year for warranties of three years or less. Receive a maximum of $10,000 per claim and $50,000 per cardholder.
- Fraud Coverage: You’re covered by $0 Fraud Liability if your card is ever lost or stolen.
- Security Alerts: Get personalized emails or text messages to stay on top of the security of your account.
- CreditWise from Capital One: You can monitor your credit with CreditWise. It’s free for everyone—whether or not you have a Capital One credit card—and it won’t hurt your score.
If you’re in the market for a low-cost travel card, the Capital One VentureOne Rewards Card is a decent choice, especially if you use Hotels.com.
The Capital One Venture Rewards Credit Card offers bonus miles and unlimited 2X miles on all purchases. This card is a better option if you spend enough to offset the card’s cost.
Otherwise, for more perks and rewards for paying an annual fee, check out our complete list of credit card promotions for more options.
You can also check out what other credit cards Capital One offers.
See rates and fees here.