Capital One Venture One Credit Card
FM Mini Review: Decent welcome bonus for a fee-free card, but other cards offer better rewards for ongoing spend.
Card Type: Visa Signature or Platinum
Earning rate: 1.25X everywhere. Through 1/31/21: 5X Uber Eats.
Noteworthy perks: Redeem miles for travel at value of 1 cent per mile ⚬ Convert "miles" to airline miles at a (mostly) 2 to 1.5 ratio ⚬ No foreign transaction fees
The Capital One VentureOne Rewards card earns only 1.25 miles per dollar. Miles are worth 1 cent each when redeemed for travel. In other words, this card effectively earns 1.25% in rewards. That's not very good.
Things get a little more interesting now that Capital One Miles are transferable to airline miles. Since the transfer ratio is 2 to 1.5, you can think of this card as earning your choice of 1.25% everywhere OR 0.94 airline miles everywhere. That's NOT a good earning rate, but it's worth noting.
Bottom LineGood choice for a welcome offer, but an awful choice to use for spend.
Capital One Application Tips To check application status, call (800) 903-9177 or (877) 277-5901
Capital One Application Tips
To check application status, call (800) 903-9177 or (877) 277-5901
Capital One VentureOne Rewards Credit Card
Note: Capital One is a Frequent Miler advertiser. Please see our Advertiser Disclosure.