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Capital One Venture vs. Capital One VentureOne: Is an annual fee worth it?
Capital One is well-known for its straightforward credit card rewards and other convenient perks — no blackout dates, anyone? Two of its most popular travel rewards cards are the Capital One Venture Rewards Credit Card and the Capital One VentureOne Rewards Credit Card. While they have similar names, some of their benefits are distinctly different.
If you’re comparing cards, this Capital One Venture vs. VentureOne review will help you learn more about both and determine which card’s benefits are better for you.
Capital One Venture vs. VentureOne overview
Annual fee
The Capital One Venture Card has a $95 annual fee, while the Capital One VentureOne has a $0 annual fee. We think the Capital One Venture has good enough benefits to help offset its fee, but there’s no worry about any of that with the VentureOne.
Winner
Welcome bonus
Consider the Capital One Venture and VentureOne welcome offers:
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Capital One Venture: Earn 75,000 miles once you spend $4,000 on purchases within three months from account opening.
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Capital One VentureOne: Earn 20,000 bonus miles after spending $500 within the first three months.
The Capital One Venture has a much higher welcome bonus than the VentureOne. It requires more spending but isn’t above the typical spending requirement for similar travel credit cards.
Winner
Rewards
These are the rewards rates for the Capital One Venture and VentureOne:
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Capital One Venture:
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5x miles on hotels, vacation rentals, and rental cars booked through Capital One Travel
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2x miles on all other eligible purchases
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Capital One VentureOne:
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5x miles on hotels and rental cars booked through Capital One Travel
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1.25x miles on all other eligible purchases
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While similar, the Venture edges the VentureOne with its higher base earning rate of 2x miles.
Winner
Redemption options
The Capital One Venture and VentureOne share the same redemption options, including:
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Travel
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Entertainment
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Transfers miles to more than 15 hotel and airline partners
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Cover past travel purchases
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Cash back (mailed check or statement credit)
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Gift cards
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PayPal
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Amazon
Winner: It’s a toss-up
Additional benefits
With both the Venture or VentureOne, there are no foreign transaction fees, and you can access over 15 transfer partners from popular airline and hotel loyalty programs.
With the Venture, you can also take advantage of:
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Up to a $120 statement credit for Global Entry or TSA PreCheck application fees
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A $50 experience credit, room upgrades, and early check-in at eligible hotels
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Access to Hertz's Five Star membership tier, offering free upgrades, a wider selection of vehicles, and more
With the VentureOne, you get an introductory APR offer:
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0% intro APR on purchases and balance transfer for 15 months, after which the card's standard APR will apply
There’s no clear winner here because it depends on your preferences and personal finance goals. If you prefer travel benefits, the Venture Rewards is better. But if you'll get more value from a 0% intro APR period, you should go with the VentureOne.
Winner: It’s a toss-up
Choose the Capital One Venture Rewards Card if…
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You want a higher rewards rate
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You can meet the spending requirements for a higher welcome offer
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You want additional benefits, such as a Global Entry or TSA PreCheck application fee credit
The Capital One Venture has a $95 annual fee and doesn’t provide a 0% intro APR offer, but it provides more benefits and earning potential. It’s an excellent everyday rewards earner and consistently has a generous welcome offer. For frequent travelers, this is likely the more appealing option.
- Annual fee$95
- Welcome offerEarn 75,000 miles after spending $4,000 on purchases in the first 3 months
- Purchase APR19.99% - 29.74% variable
- Recommended credit scoreGood, Excellent
- Rewards rate
- 5x miles on hotels, vacation rentals, and rental cars booked through Capital One Travel
- 2x miles on all other purchases
- Benefits
- Receive up to a $120 statement credit for Global Entry or TSA Precheck application fees
- Receive a $50 experience credit, room upgrades, and early check-in at eligible hotels
- Access Hertz's Five Star membership tier, offering free upgrades, a wider selection of vehicles, and more
Choose the Capital One VentureOne if…
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You don’t want to pay an annual fee
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You want a 0% intro APR offer on purchases and/or balance transfers
If you want a straightforward no-annual-fee card for earning travel rewards on everyday purchases, the Capital One VentureOne is the better choice. You can also take advantage of multiple 0% intro APR offers, which you won’t find on the Capital One Venture or many travel credit cards in general.
- Annual fee$0
- Welcome offerEarn 20,000 bonus miles after spending $500 within the first 3 months
- Purchase APR19.74% - 29.74% variable
- Introductory APR0% intro APR on purchases and balance transfers for 15 months, then variable 19.74% - 29.74% APR
- Recommended credit scoreGood, Excellent
- Rewards rate
- 5x miles on hotels and rental cars booked through Capital One Travel
- 1.25x miles on all other purchases
- Benefits
- 0% intro APR on purchases and balance transfers for the first 15 months
- Transfer your miles to more than 15 travel partners
- Enjoy international travel without additional fees on purchases made abroad
Should I get both cards?
There’s little reason to have both cards at the same time because they have such similar rewards rates and benefits. It could make sense to try and earn the welcome offer on each card (if approved after applying), but there’s not much lasting value in having both cards in your wallet.
Other cards to consider
If the Venture Rewards and VentureOne cards aren’t the right fit for you, consider these alternative credit card offers.
- Annual fee$95
- Welcome offerEarn 60,000 bonus points after spending $4,000 in the first 3 months — that's worth $750 when redeemed through Chase Travel℠
- Ongoing Purchases APR20.74% - 27.74% Variable
- Recommended credit scoreExcellent/Good
- Rewards rate
- 5x points on travel purchased through Chase Travel℠
- 3x points on dining, select streaming services, and online groceries
- 2x points on all other travel purchases
- 1x points on all other purchases
- Benefits
- Points are worth 25% more when you redeem for airfare, hotels, car rentals and cruises through Chase Travel
- Earn up to $50 in annual statement credits for hotel stays purchased through Chase Travel
- On every account anniversary, earn bonus points equal to 10% of your total purchases made the previous year
Why we like it: The Chase Sapphire Preferred is one of the best travel rewards credit cards because of its elevated rewards rate in everyday categories, extensive purchase and travel protections, and additional travel benefits. Chase points are also some of the most flexible travel rewards available from major card issuers.
Read our full Chase Sapphire Preferred review
- Annual fee$395
- Welcome offerEarn 75,000 miles after spending $4,000 on purchases in the first 3 months
- Purchase APR19.99% - 29.74% variable
- Recommended credit scoreExcellent
- Rewards rate
- 10x miles on hotels and rental cars booked through Capital One Travel
- 5x miles on flights and vacation rentals booked through Capital One Travel
- 2x miles on all other purchases
- Benefits
- $300 annual credit for travel bookings through Capital One Travel
- 10,000 annual bonus miles (worth $100 in travel spending; starts on your first account anniversary)
- Unlimited access for you and two guests to Capital One Lounges and 1,300+ more lounges through partner networks
Why we like it: The Capital One Venture X has a steep annual fee, but provides plenty of travel perks to help offset the card's cost. These include airport lounge access to Priority Pass, Plaza Premium, and Capital One Lounges. An annual $300 Capital One Travel portal credit and 10,000 anniversary miles can go a long way, too.
Read our full Capital One Venture X review
- Annual fee$695
- Welcome offerEarn 80,000 Membership Rewards® points after spending $8,000 in the first 6 months
- Ongoing Purchases APRSee Pay Over Time APR
- Recommended credit scoreExcellent/Good
- Rewards rate
- 5x points for flights booked directly with airlines or with American Express Travel (up to $500,000 per year)
- 5x points on prepaid hotels booked with American Express Travel
- 1x points on all other purchases
- Benefits
- Get up to $200 back in statement credits each year on prepaid Fine Hotels + Resorts or The Hotel Collection bookings with American Express Travel (requires a minimum two-night stay)
- Get up to $199 back per calendar year on your CLEAR Plus membership (subject to auto-renewal) when you use your card (CLEARLanes are available at 100+ airports, stadiums, and entertainment venues)
- Enjoy up to $200 in Uber savings annually on rides in the U.S. — that's $15 in Uber Cash for rides each month, plus a bonus $20 in December (you must have the latest version of the Uber App downloaded and your eligible American Express Platinum Card must be a method of payment in your Uber account; Amex benefit may only be used in United States)
Why we like it: If you want additional card benefits, including perks like airport lounge access and up to $200 in annual airline fee statement credits (enrollment required for select benefits), it doesn’t get much better than the American Express Platinum Card. This card has a $695 annual fee, but its many benefits and valuable rewards can help offset the cost each year.
Read our full Amex Platinum card review
This article was edited by Alicia Hahn
Editorial Disclosure: The information in this article has not been reviewed or approved by any advertiser. All opinions belong solely to Yahoo Finance and are not those of any other entity. The details on financial products, including card rates and fees, are accurate as of the publish date. All products or services are presented without warranty. Check the bank’s website for the most current information. This site doesn't include all currently available offers. Credit score alone does not guarantee or imply approval for any financial product.
