How LendingTree Rates Credit Cards?
Our experts rate credit cards based on several factors including card benefits, bonus offers and independent research. Credit card issuers do not influence or have a say in our card ratings. Read our credit card methodology here.The Capital One VentureOne Rewards Credit Card is ideal for those new to travel rewards cards and who want a simple approach to earning and redeeming rewards miles, much like the Capital One Venture Rewards Credit Card, but without having to pay an annual fee.
Along with offering a flat rewards rate on every purchase, the card comes with a $0 annual fee and a few travel benefits.
We look at the pros and cons of the Capital One VentureOne Rewards Credit Card, and show how it compares to another flat rate travel rewards card — the Discover it® Miles card.
Intro Purchase APR
0% intro on purchases for 15 months
Regular Purchase APR
19.74% - 29.74% (Variable)
Intro BT APR
0% intro on balance transfers for 15 months
Regular BT APR
19.74% - 29.74% (Variable)
Annual Fee
$0
Cash Advance Fee
5% of the amount of the cash advance, but not less than $5
Foreign Transaction Fee
None
Balance Transfer Fee
Balance transfer fee applies
Sign up bonus
Capital One VentureOne Rewards Credit Card holders can earn a bonus of 20,000 miles once you spend $500 on purchases within 3 months from account opening, equal to $200 in travel.
Simple rewards structure
The Capital One VentureOne Rewards Credit Card offers a flat rewards rate of 1.25 Miles per dollar on every purchase, every day; 5 Miles per dollar on hotels and rental cars booked through Capital One Travel. Venture miles can be redeemed for cash in the form of a check or account credit and gift cards. You can also use miles to book new travel reservations through capitalone.com or the Capital One Rewards Center.
Intro APR on purchases and balance transfers
If you need to finance a large purchase and pay it off over time, you can do so without incurring interest charges for more than a year. That’s because the Capital One VentureOne Rewards Credit Card offers an APR of 0% intro on purchases for 15 months. After that, a regular APR of 19.74% - 29.74% (variable) applies to any unpaid portion of the balance.
The card also offers an APR of 0% intro on balance transfers for 15 months, then a regular APR of 19.74% - 29.74% (variable).
Limited fees
The Capital One VentureOne Rewards Credit Card charges a $0 annual fee. As for foreign transaction fees – there are none. Additionally, if you pay your bill late, you will not be subject to a penalty APR.
Mediocre rewards earning rate
While the Capital One VentureOne Rewards Credit Card offers a reasonable 1.25 Miles per dollar on every purchase, every day; 5 Miles per dollar on hotels and rental cars booked through Capital One Travel, there are other flat rate cards available — like the Discover it® Miles — that offer a higher amount of rewards per dollar.
Balance transfer fee
If you transfer a balance to the Capital One VentureOne Rewards Credit Card, just know that a balance transfer fee applies.
Like the Capital One VentureOne Rewards Credit Card, the Discover it® Miles card offers a simple approach to earning rewards — but at a slightly higher rate.
Discover it® Miles cardholders 1.5 miles per dollar on all purchases. The card also offers a generous sign-up bonus: For new cardmembers, unlimited Mile-for-Mile match for all new cardmembers—only from Discover. Discover gives you an unlimited match of all the Miles you’ve earned at the end of your first year. You could turn 35,000 Miles to 70,000 Miles. There’s no signing up, no minimum spending or maximum rewards. Just a Miles-for-Miles match.
Miles can be redeemed for cash or travel, including hotels, airfare, car rentals, restaurants, gas stations and more. You can also use miles at Amazon.com checkout.
The Discover it® Miles has an intro APR on purchases of 0% Intro APR for 15 months, then 18.49% - 27.49% Variable APR. Additionally, the card offers an intro APR on balance transfers of 0% Intro APR for 15 months. After that, a regular APR of 18.49% - 27.49% Variable APR applies to any unpaid portion of the transfer.
Just know, the card comes with a 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*.
The Discover it® Miles card does not offer some of the benefits often associated with travel credit cards, such as travel transfer partners, car rental insurance or emergency travel assistance. However, the card does waive the late fee (of up to $41) the first time you pay your bill late.
| Credit Cards | Our Ratings | Welcome Offer | Rewards Rate | Annual Fee | |
|---|---|---|---|---|---|
Capital One VentureOne Rewards Credit Card
 Apply Now
on Capital One's secure site Rates & Fees |
Earn a bonus of 20,000 miles once you spend $500 on purchases within 3 months from account opening, equal to $200 in travel | 1.25 Miles per dollar on every purchase, every day; 5 Miles per dollar on hotels and rental cars booked through Capital One Travel | $0 |
Apply Now
on Capital One's secure site Rates & Fees |
|
|
Discover it® Miles*
|
Unlimited Mile-for-Mile match for all new cardmembers—only from Discover. Discover gives you an unlimited match of all the Miles you’ve earned at the end of your first year. You could turn 35,000 Miles to 70,000 Miles. There’s no signing up, no minimum spending or maximum rewards. Just a Miles-for-Miles match. | 1.5 Miles per dollar on all purchases. | $0 | ||
Capital One Venture Rewards Credit Card
Apply Now
on Capital One's secure site Rates & Fees |
75,000 Miles once you spend $4,000 on purchases within 3 months from account opening | 2 Miles per dollar on every purchase, every day; 5 Miles per dollar on hotels, vacation rentals and rental cars booked through Capital One Travel | $95 |
Apply Now
on Capital One's secure site Rates & Fees |
|
Bank of America® Travel Rewards credit card
Apply Now
on Bank Of America's secure site |
25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases | 1.5 points per $1 spent on all purchases. | $0 |
Apply Now
on Bank Of America's secure site |
If you’re looking for a no-annual-fee travel rewards card, the Capital One VentureOne Rewards Credit Card and Discover it® Miles card are both good choices.
But while the Capital One VentureOne Rewards Credit Card provides more travel-specific benefits and travel transfer partners, the Discover it® Miles card offers a slightly higher rewards rate.
Or, if you’d prefer the same travel benefits offered by the Capital One VentureOne Rewards Credit Card, but with an even higher rewards rate and sign-up bonus, you may want to look at the Capital One Venture Rewards Credit Card.
The card offers 2 Miles per dollar on every purchase, every day; 5 Miles per dollar on hotels, vacation rentals and rental cars booked through Capital One Travel. Plus, new card members can 75,000 miles once you spend $4,000 on purchases within 3 months from account opening. Just know, the card also comes with a $95 annual fee.
Apply Now
For Capital One products listed on this page, some of the above benefits are provided by third parties such as Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as certain terms, conditions, and exclusions apply.
The information related to the Discover it® Miles has been collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply.
The content above is not provided by any issuer. Any opinions expressed are those of LendingTree alone and have not been reviewed, approved, or otherwise endorsed by any issuer. The offers and/or promotions mentioned above may have changed, expired, or are no longer available. Check the issuer's website for more details.
