find the best credit card NerdWallet named Money Magazine's Best Credit Card Website of 2010
NerdWallet > Rewards Credit Cards > Capital One® VentureOne℠ Rewards Credit Card
Review / Compare / Reward Calculations / Interest Calculations / Rankings / Comments
Capital One® VentureOne℠ Rewards Credit Card
Capital+One VentureOne+Rewards Credit Card

(3.5/5 - 251 Votes)
Net Annual Rewards
$320
of Capital One No Hassle Miles
Reward Rate
1.25%
Annual Fee
$0
Signing Promo
Earn 10,000 bonus miles, equal to $100 in travel
"...How do you guys compare the VentureOne (1.25%, no annual fee) to the regular Venture (2%, $59 annual fee)? In which situations is one better than the other?..." (see all 4 comments)
APR, variable*
Min APR:
11.9%(V)
Max APR:
19.9%(V)
Default:
29.4%(V)
Cash Adv:
24.9%(V)
Intro APR Promotions
Purchase:
0% intro APR until June 2013
Transfer:
None
Summary
  • 1.25 miles per dollar on every purchase, every day
  • One-time bonus of 10,000 miles once you spend $1,000 dollars in the first 3 months, equal to $100 on travel.
  • Redeem miles for airline tickets, hotel rooms, car rentals and more
  • No limit on the miles you can earn and miles won't expire
  • Fly free on any airline, any time with no blackout dates
  • 0% intro APR on purchases until June 2013
  • No foreign transaction fees

Compare To Our Most Popular Cards For The Category

back to top

Compare To Blue Cash Preferred℠ Card from American Express

Why do we think you should consider this card?

Earn $150 cash back after spending $1,000 in eligible purchases in the first 3 months of Cardmembership

Compare To A Different Card



or compare to

Reward Details & Calculator

back to top

Rewards Type: Capital One No Hassle Miles

Signing Promotion
($100=10,000 points)/2 yrs
$50
Estimated Annual Rewards
$21,600 * 1.25%
$270
Annual Fee, 2 yr avg
$0
Annual Rewards (Rewards less Fees)
$320

Details

  • 1.25 miles per $1 spent on purchases

Calculate Interest & Finance Charges

back to top
Use the sliders to the left to calculate balance transfer interest and APR interest for this particular card.

Finance Charge, Balance Transfer of $10,000*

Balance Transfer Fee, 0.0%
$0
APR, 24 months
$2,672
Total
$2,672

*Average APR for Balance Transfers of 11.9% includes transfer fees and APR promotions.

Effective Annual Rate, Purchases

Promo EAR, 12 months
0.00%
Ongoing EAR, 12 months
12.57%
Total EAR, 24 months
6.10%

APR Rankings

back to top
APR
11.9%
ranks #980 out of 1751 cards.
Average is 11.78%.
Balance Transfer Fee
0%
ranks #1 out of 1639 cards.
Average is 1.67%.
Cash Advance APR
24.9%
ranks #782 out of 1002 cards.
Average is 18.74%.

Rewards Rankings

back to top
Annual Fee
$0
ranks #1 out of 1773 cards.
Average is $9.
Base Reward Rate
1.25%
ranks #35 out of 963 cards.
Average is 0.99%.
Effective Reward Rate
1.25%
ranks #70 out of 958 cards.
Average is 1.04%.
Sign-up Bonus
$100
ranks #61 out of 1762 cards.
Average is $33.
Credit Card Review: Capital One® VentureOne℠ Rewards Credit Card


Author:
STEPHEN

This VentureOne Rewards card is the no annual fee version of the Capital One Venture cards, and earns 1.25 Miles per $1 spent.

There is also a version called the Venture Rewards that earns you 2 Miles per $1 spent, but comes with a $59 annual fee, which is waived the first year.

VentureOne Rewards(this card) Venture Rewards
Miles per $1 Spent 1.25 2
Sign Up Bonus 10,000 Miles (worth ~$100) 10,000 Miles (worth ~$100)
Annual Fee $0 $59, waived the first year

Bottomline – If you spend at least a few hundred dollars per month, it is better to pay the $59 annual fee and get the higher rewards rate (2 Miles per $1 spent rather than 1.25 per $1 spent). If you plan on holding the card for a shorter period of time, the break-even point is much much lower.

Break-even point between the VentureOne Rewards (This Card) and the Venture Rewards
You’re almost always better off paying the $59 annual fee and getting the 10,000 Mile sign up bonus and the 2 Miles per $1 spent. See this post comparing the two versions for the full geeky maths about how we came up with this table.

Time frame When is Venture Rewards Better Than VentureOne?
1 Year Always
2 Years If you spend over $3,933 a year, on average
3 Years If you spend over $5,244 a year, on average
4 Years If you spend over $5,900 a year, on average
5 Years If you spend over $6,293 a year, on average
6 Years If you spend over $6,556 a year, on average
  • Mike

    How do you guys compare the VentureOne (1.25%, no annual fee) to the regular Venture (2%, $59 annual fee)? In which situations is one better than the other? And how do they compare to the Chase Sapphire? Thanks!

    • http://www.nerdwallet.com NerdWallet

      Hey Mike, let me know whether this is helpful:
      http://www.nerdwallet.com/blog/2010/rewards-showdown-chase-sapphire-vs-capital-one-venture/

      As for whether the Venture or VentureOne is better for you, it’s really a question of how much money you spend and whether that extra 0.75% is worth more than $59. Plus, the Venture card offers $100 worth of signup bonus, which almost covers three years of card use (since the first year is free).

      For an apples-to-apples comparison, our rewards credit card page takes all fees and signup bonuses into account.

  • http://www.nerdwallet.com Tim

    We’ve rolled up our sleeves and tried to answer Mike’s question once and for all in the post. Venture Rewards is almost always the better card, if you plan on spending at least a few hundred dollars per month.

  • Steve

    Terrible service from Capital One. Double dipped a payment in January. Drafted on the wrong bank account in May. Reluctant to help in payment issues. Going back to US Bank FlexPerks card.

© Copyright 2012 NerdWallet, Inc. All Rights Reserved.

*Disclaimer: We try to keep information accurate and up to date, however we cannot make warranties regarding the accuracy of our information. Please verify FDIC Insurance / NCUA Insurance status, credit card information, and interest rates during the application process. Please note that NerdWallet has financial relationships with some of the merchants mentioned here. NerdWallet may be compensated if consumers choose to utilize the links located throughout the content on this site and generate sales for the said merchant.