Capital One VentureOne Rewards Credit Card review

Capital One VentureOne Rewards Credit Card offers a welcome bonus of 20,000 miles (equivalent to $200 in travel) after spending $500 in the first 3 months, and earns unlimited 1.25 miles on every purchase, every day. Miles never expire, and you can earn even more with 5X miles on hotels and car rentals. You can redeem miles for any travel purchase, book trips through Capital One Travel, or transfer them to partner loyalty programs. And to top it off, enjoy a 0% intro APR on purchases and balance transfers for 15 months.

Quick Highlights

• No annual fees and no foreign transaction fees
• Earn 20,000 bonus miles (worth $200 in travel) after spending $500 in 3 months
• Earn unlimited 1.25x miles on all purchases
• Miles never expire, and you can earn unlimited miles
• Earn 5x miles on hotels and car rentals booked through Capital One Travel
• Redeem miles for travel purchases, booking trips through Capital One Travel, or transfer to travel partners
• Enjoy 0% intro APR on purchases and balance transfers for 15 months (then 19.99% – 29.99% variable APR)

Rewards And Benefits

Rewards

• 5x miles per dollar on hotels and car rentals booked through Capital One Travel.
• 1.25x miles per dollar on every purchase.

Benefits

• No foreign transaction fees: Skip hidden charges of up to 3% on international purchases. Enjoy the exchange rate without extra costs, even with cards with no annual fee.
• Rental car insurance: Breathe easy knowing your rental car has secondary damage or theft coverage when you pay with your card. This valuable benefit can save you from unexpected expenses.
• Free credit report monitoring: Receive alerts for changes to your Transunion or Experian credit reports. Early warnings help you stay on top of your credit health and minimize the impact of potential fraud.
• Authorized users: Add family or friends as authorized users for free. They can earn rewards alongside you while building their credit history responsibly.
• Travel accident insurance: Automatic coverage for covered losses when you use your card to purchase your travel fare. Enjoy peace of mind knowing you’re protected during your adventures.
• Extended warranty: Get additional warranty protection for items purchased with your card, free of charge. This benefit extends the manufacturer’s warranty for a limited time, offering extra security for your valuable purchases.

Rates and Fees

• Annual fee: None
• Foreign transaction fee: None
• Cash Advance: Either $5 or 5% of the amount of each cash advance, whichever is greater.
• Late Payment: Up to $40.
• Purchase APR: 19.99%, 26.24%, or 29.99% variable, based on creditworthiness
• Intro APR for Purchases and Transfers:0% introductory APR for the first 15 months that your account is open.
• APR for Cash Advances:99%
• Paying Interest: Your due date is at least 25 days after the close of each billing cycle.

Rewards Redemption

• Use your miles to book flights, hotels, cars, and more at 1 cent per mile. Earn additional rewards from travel providers.
• Redeem for travel charges made within 90 days on your VentureOne card (flights, hotels, etc.). Choose to cover the entire cost or a portion.
• Transfer miles in 1,000-mile increments to over 15 airlines and hotels (e.g., Air Canada, Choice Hotels).
• Redeem for cash back, gift cards, online shopping, etc. Choose these if you plan to travel later.

Application Process of Capital One VentureOne Rewards card

Gather your information

• Ensure you have your Social Security number, date of birth, employment information, and annual income readily available.

Visit the Capital One website.

• Navigate to the VentureOne Rewards Card page on Capital One’s website.
• Click the “Apply Now” button on the VentureOne Rewards Card page.
• Accurately enter your personal information, financial details, and contact information in the online form as requested.
• Carefully review all the information you’ve entered for any errors or inconsistencies. Once everything is correct, submit the application form.

Wait for a decision.

• Capital One will review your application and notify you of their decision within a few business days. You might receive instant approval, request further information, or be denied.

Customer service

• Customer care: 1-877-383-4802
• Official website: Capital One

Conclusion

The Capital One VentureOne Rewards Card is a good fit for those seeking a straightforward entry into the Venture Miles program. With no annual fee and unlimited 1.25X miles on all purchases, you can earn rewards without navigating bonus categories or promotions. You can even earn 5X miles when booking travel through Capital One. New cardholders can also benefit from a welcome bonus and introductory APR on purchases and balance transfers. Additionally, the miles offer redemption flexibility, allowing transfer to various airline and hotel loyalty programs partnered with Capital One.

Whatcard recommended Credit Cards

1. Bank of America Business Advantage Customized Cash
2. Citi Double Cash Card Review