Capital One VentureOne Rewards Credit Card

Note: Capital One is a Frequent Miler advertiser. Please see our Advertiser Disclosure.

Capital One Venture One Credit Card

ⓘ $202
1st Yr Value Estimate

20K "miles"
Earn a bonus of 20K after $500 spend in 3 months from account opening
Click Here to Apply

No Annual Fee

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

Base

1.25X
(1.31%)

Other

5X
(5.25%)

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

Overview

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.

More information about Capital One transfer partners can be found here.

Bottom Line

Good choice for a welcome offer, but an awful choice to use for spend.

Application Tips

Capital One Application Tips

6 month rule: Must wait 6 months after applying for a Capital One card before applying for another one.

2 card limit: Conventional wisdom and user experience has been that you can have at most 2 Capital One consumer cards, but according to application terms it may be possible to have up to 5. You may be limited to 2 of their rewards cards. Note that this limit does not apply to Capital One co-branded cards like the Kohl's charge card.

Get Same Card Again: There is no known rule against getting the same card and bonus again even if you still have the card open.

Hard inquiries usually get issued through all 3 credit bureaus

To check application status, call (800) 903-9177 or (877) 277-5901
If denied, call reconsideration here: (800) 625-7866

Related Cards (Capital One Miles)

Capital One Venture Rewards Credit Card

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ⓘ $775
1st Yr Value Estimate

100K "Miles"
Earn 100K bonus miles when you spend $20K on purchases in the first 12 months from account opening, or still earn 50K miles if you spend $3K on purchases in the first 3 months
(Offer Expires 12/14/2020)

$95 Annual Fee

Recent better offer: None. This is the best we've seen in recent years.

Capital One Spark Miles Business Credit Card

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ⓘ $485
1st Yr Value Estimate

50K "miles"
One time bonus: 50,000 Capital One miles after $4.5K spend in 3 months

No Annual Fee First Year, Then $95

Note: Capital One Business cards DO count against Chase's 5/24 Rule

Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy.

Recent better offer: Earn up to 200K "miles": 50K after $5K spend in the first 3 months from account opening and an additional 150K after $50K spend in the first 6 months from account opening [Expired 1/27/20]

Capital One Venture One Credit Card

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ⓘ $202
1st Yr Value Estimate

20K "miles"
Earn a bonus of 20K after $500 spend in 3 months from account opening

No Annual Fee

Capital One Spark Miles Select Business Credit Card

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ⓘ $167
1st Yr Value Estimate

20K "miles"
One time bonus: 20K after $3,000 spend in 3 months from account opening

No Annual Fee

Note: Capital One Business cards DO count against Chase's 5/24 Rule

Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy.