Capital One VentureOne vs. Venture: Is the Annual Fee Worth It?

Ben LuthiFebruary 3, 2021
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If you're looking for a travel rewards credit card, the Capital One Venture Rewards Credit Card is one of the best. But there's one aspect of the card that might turn off frugal travelers: an annual fee. For that, you may be inclined to consider the card's lite version, the Capital One VentureOne Rewards Credit Card. But passing on a card simply because it has an annual fee may cost you.

Capital One Venture Rewards Credit Card

Capital One VentureOne Rewards Credit Card

Complete details and application link

Capital One Venture Rewards Credit Card
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Capital One VentureOne Rewards Credit Card
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Annual fee

$95

$0

Bonus offer

Enjoy a one-time bonus of 60,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $600 in travel.

Earn a bonus of 20,000 miles once you spend $500 on purchases within 3 months from account opening, equal to $200 in travel

Rewards

Unlimited 2 miles per dollar on all purchases

Unlimited 1.25 miles per dollar on all purchases

Interest rate

The ongoing APR is 17.24% - 24.49% Variable APR

0% intro APR on Purchases for 12 months, and then the ongoing APR of 15.49% - 25.49% Variable APR

The basics

The Capital One VentureOne Rewards Credit Card and the Capital One Venture Rewards Credit Card share the same basic DNA. With each card, your daily use generates miles, which you can use to book travel or redeem for travel statement credit at a rate of 1 cent per mile. You can also transfer your miles to a number of airline partners, although the domestic options are limited. Other redemption options include cash back, but they come at a lower rate and aren't recommended. Neither card charges a foreign transaction fee.

Beyond the basics, a few features can help you decide which card is for you.

The Capital One VentureOne Rewards Credit Card and the annual fee dilemma

For thrifty travelers, paying an annual fee can be painful. So on the surface, the Capital One VentureOne Rewards Credit Card might seem like the better choice with its $0 annual fee. But if you dive deeper into the math, you'll see that paying the Capital One Venture Rewards Credit Card’s annual fee might be worth it.

The Capital One Venture Rewards Credit Card’s annual fee is $95. Also, the card's high ongoing rewards rate makes it easier to overcome the annual fee. If you spend more than $12,666.70 annually — or $1,055.50 monthly — you'll earn more rewards with the Capital One Venture Rewards Credit Card, and the annual fee will be paid for. If you expect to spend less, then the Capital One VentureOne Rewards Credit Card might be a better option.

Get a bigger sign-up bonus with the Capital One Venture Rewards Credit Card

If you're still wondering if paying the Capital One Venture Rewards Credit Card’s annual fee is worth it, consider its sign-up bonus: Enjoy a one-time bonus of 60,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $600 in travel.

For a $0 annual fee card, the Capital One VentureOne Rewards Credit Card’s sign-up bonus isn't bad: Earn a bonus of 20,000 miles once you spend $500 on purchases within 3 months from account opening, equal to $200 in travel. But compared with its sister card, you're not getting nearly as much value. Again, those who spend less may still find value in the Capital One VentureOne Rewards Credit Card because its spending requirement is lower. But if you can afford the Capital One Venture Rewards Credit Card’s requirement within the frame of your normal spending, the Capital One Venture Rewards Credit Card makes more sense.

Which card is better?

Both the Capital One VentureOne Rewards Credit Card and the Capital One Venture Rewards Credit Card have strengths that are difficult to discount. If you're not sure which one to choose, take a look at your current spending. If it's more than $666.67 a month, the Capital One Venture Rewards Credit Card is likely the better option. But if it's less, or if you're buying a big-ticket item soon, you'll find more value in the Capital One VentureOne Rewards Credit Card.

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