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If you watch any tv you’ve probably seen Capital One commercials promoting their two Venture products: Capital One Venture Rewards Credit Card and the Capital One VentureOne Rewards Credit Card. In this Capital One Venture vs VentureOne review, we will help you make the best choice for you. This can mean the difference between paying an annual fee or not, so it can be a more important decision than you think.
Capital One Venture and VentureOne Annual Fees
Capital One Venture: $95
VentureOne: Always $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.
Capital One Venture vs Venture Purchase Rewards
Capital One Venture: 2 miles for every $1 spent
VentureOne: 1.25 miles for every $1 spent
One of the differences between both cards is how many miles you earn for every dollar spent.
If you want to earn 2 miles per $1, go with the annual fee version of the Capital One Venture 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, 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.
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, metal credit card, and you can now transfer your miles out to leading travel loyalty programs, and of course, it earns 2x miles on all purchases.
Capital One Venture and Venture One Sign-Up Bonus
Capital One Venture: 60,000 miles after spending $3,000 on purchases in the first 3 months
VentureOne: 20,000 bonus miles ($200) after spending $1,000 in the first three months
The Capital One Venture wins the sign-up bonus battle, as it should because you pay an annual fee.
New Capital One Venture Rewards Credit Card cardholders can earn 60,000 miles after spending $3,000 on purchases in the first 3 months.
Learn more: Travel Rewards Credit Cards
With the VentureOne 20,000-bonus mile offer, it’s comparable to the other no-fee travel rewards cards bonus offers. 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 Card:
- You will redeem at least 9,500 reward miles a year to nullify the $95 annual fee
- Want to earn 2 miles for every 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 then $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 begins 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 you still need to “catch up” after your first $95 in redeemed miles pays 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 the VentureOne, you only need to spend $10,000.
An Alternative Solution To The Capital One Venture vs VentureOne Battle
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.
An Alternative to the Capital One VentureOne
There are many different no-fee rewards cards to choose from where your rewards points are worth at least one cent each. You might consider the United TravelBank Card where you earn 1.5 points on every purchase and can be redeemed for United flight credits at any time.
If you would rather stick with Capital One, it’s 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.
Final Thoughts: 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 2 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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Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airlines or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities.
- 1 Capital One Venture and VentureOne Annual Fees
- 2 Capital One Venture vs Venture Purchase Rewards
- 3 Redeeming Your Capital One Venture Purchase Rewards
- 4 Additional Cardholder Benefits
- 5 Capital One Venture and Venture One Sign-Up Bonus
- 6 Why You Might Consider the Capital One Venture Card
- 7 Why The Capital One VentureOne Can Be The Better Option
- 8 An Alternative Solution To The Capital One Venture vs VentureOne Battle
- 9 Final Thoughts: Capital One Venture vs VentureOne