If you draw a hard line at paying an annual fee and are in the market for an easy-to-understand travel card then this card is likely the perfect fit for you. The Capital One VentureOne Rewards Credit Card strikes a good balance between travel benefits and standard credit card benefits you expect from a no annual fee card.
20,000 Bonus Mile Opportunity
You also have the opportunity to earn 20,000 bonus miles once you spend $500 on purchases within 3 months from account opening. This is equal to $200 in travel. This is a very low spend requirement compared to competitive cards, making it easy to achieve by using your card on everyday purchases.
You will earn an unlimited 1.5 miles per dollar on all purchases and if you book car rentals and hotels through Capital One Travel, those purchases will qualify for 5x miles per dollar spent. This is a great setup for someone who does not want to worry about rotating categories or limits and prefers to earn a steady rate on everything.
Generous Intro APR
Those seeking a 0% intro APR will be happy to hear that the Capital One VentureOne Rewards Credit Card allows you to pay 0% interest for 15 months from account opening on purchases and qualifying balance transfers. After the introductory rate, the 17.99% - 27.99% (Variable) will apply. There is a balance transfer fee (3%) but if you are paying interest on your other card(s) the fee is likely much lower than the interest charges you are accruing each month.
Redeeming Your Miles
When it comes time to cashing in your hard-earned miles, Capital One offers several options with the most valuable being redemptions for travel purchases. You can redeem miles to cover the cost of any travel purchase made with your VentureOne card within 90 days and your miles will be worth 1 cent each. Additionally, you can redeem your miles directly in the Capital One Travel portal, use your miles to purchase gift cards or get a statement credit. Capital One continues to enhance its rewards program and now you can transfer miles to more than 15 travel loyalty programs. This is a great option that can push your mile redemption value over the 1-cent mark if you know how to navigate these travel partners and their award booking programs.
If you are interested in earning more miles per dollar and want to take your travel perks to the next level, then the Capital One Venture Rewards Credit Card may be a better fit for you. It does charge a $95 annual fee, but that is easily recouped with the benefits offered.
If you are sold on the low APR, easy-to-achieve bonus and easy-to-understand benefits we’ve outlined above, then the Capital One VentureOne Rewards Credit Card is a great choice for you. Select ‘Apply Now‘ to view all the card details and easily apply today.
Earn 5X miles on hotels and rental cars booked through Capital One Travel. Terms apply
670 – 850*
Other Rewards Card Options
If you are in the market for a rewards card that does not charge an annual fee then the Capital One VentureOne Rewards Credit Card is tough to beat. Since it is always good to compare your top options, we have rounded up some other compelling rewards cards that may appeal to you as well.
Unlimited 3X Rewards on Restaurants, Travel, Gas & More
This brand new, $0 annual fee credit card is an exciting addition to the rewards card category that offers unlimited 3X points on restaurants, travel, gas stations, transit, popular streaming services and phone plans. There are no caps to worry about and no rewards calendars to keep track of. Plus you will also earn 1X on all of your other purchases. For a limited time, new card members can also earn a massive 30,000-point welcome bonus after spending $1,500 in the first three months. This bonus has a $300 cash redemption value and it is the biggest welcome bonus we have seen on a card that does not charge an annual fee. This lucrative welcome offer expires 1/10/2023 so make sure to apply today. In addition to the cash redemption option you can also redeem your rewards for travel, gift cards, and more. There is also a generous intro APR on purchases and many other premium benefits.
Excellent Cash Back Option for Poor or Limited Credit
The no annual fee Discover it® Secured Credit Card allows you to earn cash back while you build your credit with responsible use. You will Earn 2% back at gas stations and restaurants on up to $1,000 in combined purchases each quarter. You will also earn an unlimited 1% back on all other purchases. Making it even more enticing, the cash back you earn your first year will be automatically matched. There is no credit check to apply and you establish your credit line by providing a refundable security deposit of at least $200. Discover also starts automatic reviews of your account after seven months to see if you are eligible to transition to an account without a security deposit.
As you can see, it is a great time to be in the market for a new rewards credit card. Issuers are really stepping up their game and offering incredible perks to win your business. Credit card offers like this often don’t stick around forever so we suggest applying for one of these stand-out options today.
Editorial Note: Any opinions, analyses, reviews or recommendations expressed are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.
*CardCritics references a FICO® 8 score, which is one of many different types of credit scores. A financial institution may use a different score when evaluating your application.