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Editor’s note: This is a recurring post, regularly updated with new information and offers.
The Capital One Venture Rewards Credit Card (see rates and fees) has long been a top travel rewards credit card with a manageable annual fee, a solid sign-up bonus and a strong flat-rate earning structure. But you may not realize that this popular card also has a no-annual-fee sister card: the Capital One VentureOne Rewards Credit Card (see rates and fees).
Over the past few years, the Venture card family has only improved, largely due to the addition of new and valuable transfer partners, improved transfer ratios and the opening of the expansion of Capital One’s airport lounge network.
Yet despite the similar names and the identical redemption options, these two cards are geared toward different types of travelers. Below, we break down the differences to help you decide which is better for you.
Capital One Venture Rewards vs. Capital One VentureOne comparison
THE POINTS GUYCardCapital One Venture Rewards Credit CardCapital One VentureOne Rewards Credit CardSign-up bonusEarn 75,000 miles once you spend $4,000 on purchases within the first three months from account openingEarn 20,000 bonus miles once you spend $500 on purchases within the first three months from account openingEarning rates5 miles per dollar on hotels and rental cars booked through Capital One Travel
2 miles per dollar spent on all other purchases5 miles per dollar on hotels and rental cars booked through Capital One Travel
1.25 miles per dollar spent on all other purchasesRedemptionRedeem miles as a statement credit to cover the cost of eligible travel purchases or redeem miles directly for new bookings through Capital One Travel at a rate of 1 cent each
Miles also transfer to 18 airline and hotel partnersRedeem miles as a statement credit to cover the cost of eligible travel purchases or redeem miles directly for new bookings through Capital One Travel at a rate of 1 cent each
Miles also transfer to 18 airline and hotel partnersAdditional perksUp to $100 in statement credits for Global Entry/TSA PreCheck application fee every four years
Two complimentary Capital One or Plaza Premium lounge passes each year
Hertz Five Star status
Access to hotel bookings through Capital One’s Lifestyle Collection
Travel accident insurance
Auto rental collision damage waiver
Extended warranty protection
No foreign transaction fees
Visa Signature benefits including purchase security and lost luggage reimbursement*Travel accident insurance
Auto rental collision damage waiver
Extended warranty protection
No foreign transaction fees
Visa Signature benefits including purchase security and lost luggage reimbursement*Annual fee$95 (see rates and fees)$0 (see rates and fees)
*Benefits only available to accounts approved for the Visa Signature card. Terms apply.
As you can see, there are some notable differences between the two, so let’s take a deeper dive into each category:
Capital One Venture Rewards Card vs. Capital One VentureOne welcome bonus
New Capital One VentureOne cardholders receive 20,000 bonus miles after spending $500 within the first three months of account opening. TPG values Capital One miles at 1.85 cents each, making this bonus worth $370.
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New Capital One Venture Rewards cardholders, on the other hand, will receive a much higher 75,000 miles after spending $4,000 within the first three months of account opening. This bonus is worth an impressive $1,388, according to TPG valuations.
Winner: Venture Rewards. Its welcome bonus is over three times that of the VentureOne.
Related: The best time to apply for these Capital One cards based on offer history
Capital One Venture Rewards Card vs. Capital One VentureOne benefits
We typically don’t see many benefits on cards without an annual fee, so the travel and warranty protections on the Capital One VentureOne are nice to see. However, the real benefit that sets the VentureOne apart is the ability to transfer the miles it earns to Capital One’s full range of transfer partners without paying an annual fee.
DAVID SLOTNICK/THE POINTS GUY
The Capital One Venture Rewards comes with some valuable travel access and protections as well as a credit for Global Entry/TSA PreCheck, but its unique benefit is the two passes to Capital One or Plaza Premium lounges each year. Typically, a one-time lounge pass costs $65, so this benefit alone more than justifies the card’s annual fee.
Winner: Venture Rewards. Its additional travel benefits make it the clear winner.
Related: Is the Capital One Venture worth its annual fee?
Earning miles on the Capital One Venture Rewards Card vs. the Capital One VentureOne Card
Both the Capital One Venture Rewards and the Capital One VentureOne earn Capital One Venture Miles at a flat rate. Regardless of which card you choose, you can feel confident knowing you’re earning valuable rewards on each purchase without worrying about which category it falls under.
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Both cards earn an impressive 5 Capital One miles per dollar on hotels and rental cars booked through Capital One Travel. On all other purchases, the Venture Rewards earns 2 miles per dollar, while the VentureOne earns 1.25 miles per dollar.
Winner: Venture Rewards. It earns 60% more than the VentureOne on everyday purchases.
Related: How (and why) to earn lots of Capital One miles
Redeeming miles on the Capital One Venture Rewards Card vs. the Capital One VentureOne Card
Both the Capital One Venture Rewards and the Capital One VentureOne earn fully transferable Capital One miles and have the same redemption options. You can get great value from either card by transferring your miles to any of Capital One’s 18 hotel and airline partners.
You can also redeem your miles for a statement credit for eligible travel purchases or use them to book through Capital One Travel at a rate of one cent per mile. You can redeem your miles for cash-back or gift cards, but you’ll get less than one cent per mile with these options, so we recommend redeeming them for travel instead whenever possible.
Winner: Tie. Both cards earn transferable Capital One miles and have the same redemption options.
Related: Should you transfer Capital One miles to partners or redeem them directly for travel?
Transferring miles with the Capital One Venture Rewards Card vs. the Capital One VentureOne Card
Whether you have the Capital One Venture Rewards or the Capital One VentureOne, your best redemption option is to transfer your miles to any of Capital One’s 18 hotel and airline partners, including valuable options like Air France-KLM Flying Blue, Turkish Airlines Miles&Smiles and Choice Privileges.
ZACH GRIFF/THE POINTS GUY
TPG senior credit cards editor Matt Moffitt especially appreciates the option to transfer his miles to Avianca LifeMiles for premium-cabin redemptions on United to Australia. With so many options, you’re sure to find a valuable transfer partner that fits your travel habits and goals.
Winner: Tie. Both cards have the same transfer options.
Related: How to redeem Capital One miles for maximum value
Should I get the Capital One Venture Rewards or the Capital One VentureOne?
If you’re focused on avoiding annual fees, the Capital One VentureOne is worth adding to your wallet for its unique ability to earn transferable miles. However, if you don’t mind paying an annual fee, you’ll get more value from travel benefits and higher earning rates with the Capital One Venture Rewards.
THE LUDLOW HOTEL NYC/FACEBOOK
Related: Capital One Venture vs. Capital One Venture X
How to upgrade from the Capital One VentureOne Card to the Capital One Venture Rewards Card
If you have the Capital One VentureOne and want to upgrade it to the Capital One Venture Rewards, simply call the number on the back of your card and request a product change. However, note that you’ll forfeit the welcome bonus by doing a product change instead of applying for a new card.
Related: The ultimate guide to credit card upgrades
Bottom line
Both the Capital One Venture Rewards and the Capital One VentureOne earn valuable transferable miles and provide travel perks while keeping annual fee costs low. As far as no-annual-fee cards go, you’ll have difficulty finding another one that offers as much value as the VentureOne does with its transferable miles (see rates and fees). Still, the Venture has more than enough perks to offset its $95 annual fee (see rates and fees). Both are excellent cards and which is a better fit for you will come down to your personal priorities.
For more information, read our full review of the Capital One Venture Card and our full review of the Capital One VentureOne Card.
By: Emily Thompson
Title: Capital One Venture Rewards vs. Capital One VentureOne: Which should you venture toward?
Sourced From: thepointsguy.com/guide/capital-one-venture-vs-ventureone/
Published Date: Fri, 20 Oct 2023 15:00:59 +0000
Title: Capital One Venture Rewards vs. Capital One VentureOne: Which should you venture toward?
Sourced From: thepointsguy.com/guide/capital-one-venture-vs-ventureone/
Published Date: Fri, 20 Oct 2023 15:00:59 +0000
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