Capital One VentureOne Rewards Credit Card Overview
The unfamiliar Capital One VentureOne Rewards Credit Card offers the same versatile redemption options as its sister cards, Capital One Venture Rewards Credit Card and Capital One Venture X Rewards Credit Card – but the reward rate is lower and the allowance is less. The miles earned on this card can be transferred to more than 15 airlines and hotel partners at Capital One, or redeemed as a statement of eligible travel purchases. Card Rating*: ⭐⭐⭐
*Card ratings are based on the opinions of TPG editors and are not affected by the card issuer.
Whichever card you choose from the Capital One Venture family offers a simple income structure, valuable airline and hotel transfer partners, and easy-to-use rewards.
For those who prefer to choose and redeem rewards directly, you can also use mileage to cover almost all travel-related merchandise purchases, which are on the Capital One Ventureone Rewards Credit Card.
If you are not sure you want to pay the annual fee, consider this card as it does not charge a single one. We generally recommend that applicants have a credit score of 670 or higher to increase their chances of recognition.
Check out the full details of this card to determine if it is perfect for you.
Pros and Cons of Capital One Ventureone
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Capital One Ventureone Welcome Offer
Capital One VentureOne Awards cost $500 in the first three months after opening, earning a welcome bonus of 20,000 miles. Additionally, new cardholders will receive $100 Capital One Travel Portal Credit you used for the first cardholder year when opening an account (you don’t need to pay to get credit).
TPG’s August 2025 valuation of PEG Capital One Venture Miles is 1.85 cents, which makes this popular bonus (bonus miles plus travel credit) worth up to $470.
The $100 travel credit is valid for one year and can be used for rent on one or more flights, hotels, car rentals and vacation rentals; however, the reward will not be awarded.
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That’s significantly lower than the Venture Rewards card bonus, which currently costs $4,000 in the first three months of opening an account after 75,000 miles after purchase. According to TPG’s August 2025 valuation, the welcome bonus is worth $1,388.
However, the 20,000-mile bonus is still higher than the bonuses offered by many other less-wealth cards. In addition, the spending requirement for the VentureOne card is much easier than the risk card, with only $500 spent.
It is also important to note that Capital One’s application limitations are also important. Typically, Capital One only approves you one credit card every six months. Additionally, if you receive one on this card within the last 48 months, you will receive a welcome bonus.
Related: Best Credit Card Welcome Quotes
Capital One Ventureone Welfare
Ventureone has some benefits, including:
Apart from these benefits, Ventureone is one of the few unfamiliar deadline cards that don’t have foreign transaction fees, which is especially useful for international travel.
Additionally, cardholders will receive a free Hertz Gold Award five-star status (registration is required).
Related: 9 Most Valuable World Elite Mastercard Benefits
Earn miles on a Ventureone in the capital
Ventureone’s revenue structure is similar to Venture Rewards at $95 a year, but it has a slightly lower return on spending per day.
You will earn:
- Spend 5 miles per dollar on hotels, vacation rentals and rental cars booked through Capital One Travel Portal
- Spend 1.25 miles per day
These are equivalent to the return on spending on eligible Capital One Travel Portal bookings (based on TPG’s August 2025 valuation), with a yield of 2.3% on all other purchases.
Not bad, but it is not the best return on spending every day. But the benefit of unlimited income rates is that you don’t have to keep up with multiple reward categories – prefer simple over maximum returns.
Related: Capital One Venture Rewards vs Capital One VentureOne: Which reward should you risk?
Redeem miles on a Ventureone in the capital
When it comes to redemption risk mileage, you have some options.
For most cardholders, the most straightforward approach is to use them to pay for a qualified purchase. You can log in to your Venture Rewards online account and redeem miles for 1 cent to get a statement about the latest eligible travel purchases you made with the card.
This includes many travel expenses that traditional miles will not cover, from Airbnb stops to Uber rides. No reward chart, power outage date or minimum redemption amount.
You can also redeem miles for Amazon purchases, Capital One Entertainment purchases, cash back and gift cards. However, these methods have less than 1 cent per mile redemption rate, so if you want to get the most value from your mileage, you should avoid any of these options.
Related: How to Earn, Exchange and Transfer Capital One Mile
Miles transfer on a Ventureone in the capital
To get more value from your capital a mile, you might be like TPG Newsletter and Partnership Editor Emily Thompson and transfer Miles to your travel partner.
Capital One has over 15 airlines and hotel partners and you can transfer miles, including Avianca Lifemiles, British Airways Club and Turkish Airlines Miles & Smiles. Moving miles to partners will bring the most value to your hard work rewards.
Related: Cash a Mile of Capital? How to get the maximum value when redeeming mileage
Which cards compete with Capital One Ventureone?
If this card sounds attractive, know that there are actually a few grade-free cards that compete with Ventureone:
For other options, check out our full list of the best but feed cards.
Related: Chase Trifecta’s Power: Sapphire Reserve, Ink Preferred and Freedom Unlimited
Is a Ventureone worth it in the capital?
Ventureone is a solid no-memorial option for those looking to receive healthy welcome bonuses, reasonable allowances, and the ability to transfer points and miles directly to travel partners. However, by getting a risk card for annual fees, you can earn a higher income rate on your daily purchases.
Bottom line
Capital One VentureOne Rewards Credit Card offers competitive welcome bonuses, flexible travel redemption and no foreign transaction fees, but no annual fees. This is a great option for occasional travelers or those who try Capital One.
However, regular travelers may prefer higher income rates and increase the privilege of venture capital or venture capital.
Learn more: Capital One Ventureone Rewards
For Capital One products listed on this page, Visa® or MasterCard® can offer some benefits and may vary from product to product. For more information, see the respective welfare guidelines to the applicable terms and exclusions.
Upon registration, it can be accessed through the Capital One website or mobile app, and qualified cardholders will maintain that status level during the quotation period. Please note that registration through the regular Hertz Gold Plus Rewards admission process (for example, on Hertz.com) does not automatically detect cardholders because they qualify for the program and cardholders do not automatically upgrade to the applicable status tier. Other terms apply.
