Key takeaways
- The Capital One VentureOne Rewards Credit score Card is a superb journey card for newcomers due to its no annual payment and uncomplicated rewards construction.
- The VentureOne welcome supply is attainable for even reasonable to low bank card spenders.
- Cardholders who spend sufficient to offset a modest annual payment would possibly take into account this card’s sister, the Capital One Enterprise Rewards Credit score Card as an alternative, which provides larger rewards incomes in addition to some further perks.
The Capital One VentureOne Rewards Credit score Card is what you would possibly name an entry-level journey bank card. It doesn’t cost an annual payment and provides a vast 1.25X miles on each buy — supplying you with a simple approach to earn and redeem journey rewards with out having to pay an upfront price.
However are the Capital One VentureOne Card advantages price it? How does the VentureOne Rewards Card evaluate to journey bank cards that cost annual charges — and are the additional journey advantages price paying an annual payment?
Let’s check out what sorts of cardholders could discover the Capital One VentureOne Card price it and which of them ought to skip it, and the way it stacks up towards different prime journey bank cards.
When is the VentureOne Card price it?
As a no-annual-fee journey card, the Capital One VentureOne could serve quite a lot of cardholder varieties nicely. It’s an particularly good possibility for individuals who need to dip a toe into the world of bank card journey rewards with out the chance of paying an annual payment and never realizing sufficient worth to offset it. Listed here are a number of different conditions that make the cardboard price it.
You need to earn limitless rewards
For anybody who doesn’t need the trouble of monitoring bonus classes, the Capital One VentureOne Rewards Card provides a vast 1.25X miles per greenback on on a regular basis purchases. It’s also possible to rake in 5X miles on accommodations and rental vehicles by the Capital One Journey portal, however it’s that on a regular basis rewards charge that helps hold issues easy. There aren’t any spending caps to fret about with the cardboard, which suggests you may earn as many rewards as you’d like.
Not solely does this flat-rate rewards card present the identical advantages whether or not you purchase groceries, fuel or aircraft tickets, however the Capital One miles rewards program additionally provides conveniently versatile rewards redemption choices. You possibly can flip your miles into assertion credit to cowl your journey purchases, switch them to quite a few lodge and journey companions or use your miles to cowl PayPal or Amazon.com purchases.
Your finest redemption worth will seemingly come from transferring your miles to one in every of Capital One’s switch companions. Bankrate estimates your miles are price about 1.7 cents every if you switch them to a high-value associate. Actually, studying the ropes of the switch system takes time, however it’s price it for cardholders fascinated with maximizing their reward redemptions.
You don’t need to overspend on your welcome supply
Savvy cardholders know that among the finest methods to earn rewards is by making the most of a bank card’s welcome supply. The VentureOne Rewards Card provides new cardholders 20,000 bonus miles if you spend $500 within the first three months after opening the account. Redeem these bonus miles for journey by way of Capital One Journey or for assertion credit score to cowl a journey buy on the cardboard they usually’re price $200.
Should you switch the miles to a high-value journey associate, they could possibly be price about $340 based mostly on Bankrate’s valuations. That’s a hefty worth for a bonus on a no-annual-fee card.
You regularly store on-line
Should you get pleasure from cut price looking by scouring the web for low cost codes, you need to use Capital One Procuring to robotically monitor coupons, worth comparisons and extra. If you obtain the Capital One Procuring app or add the Capital One Procuring extension to your browser, Capital One will start looking for coupon codes and sending you price-drop alerts.
Plus, VentureOne Rewards cardholders can earn Capital One Procuring Credit (accessible on choose purchases) by linking their VentureOne Rewards card to the Capital One Procuring app and utilizing the cardboard at checkout.
You might use an intro APR supply
Intro APR provides are uncommon on journey rewards playing cards, however VentureOne provides a prolonged one. New cardholders can benefit from an intro 0 % APR for 15 months on purchases and stability transfers (3 % stability switch payment applies for the primary 15 months; 4 % at a promotional APR that Capital One could give you at some other time). After the intro interval, a 19.99 % to 29.99 % variable APR applies.
One of the best money again bank cards regularly supply intro APRs, however they’re arduous to return by amongst journey rewards playing cards. That makes this function a standout for VentureOne.
Keep in mind, you gained’t earn rewards on transferred balances and it gained’t depend towards incomes your welcome bonus. Nonetheless, you do earn rewards and work towards your welcome bonus with new purchases. Should you’re itching to get into the journey rewards sport, however want a number of further months to repay an present debt or a brand new massive buy, VentureOne could possibly be the precise match.
You’re nonetheless studying about credit score
Whether or not you’re making an attempt to enhance your credit score rating or just regulate your credit score, you’ll need to join CreditWise from Capital One. CreditWise might help if you happen to’re seeking to advance your credit score rating to the subsequent tier, and also you’ll obtain real-time updates as your credit score improves.
This free credit score monitoring app is one in every of our favourite credit score monitoring companies as a result of it not solely tracks adjustments to your credit score rating, but in addition screens your private and monetary data for any potential safety breaches. As an illustration, it is going to notify you in case your e-mail seems on the darkish internet and can let what you do subsequent to maintain your accounts secure.
Needless to say you’ve got the very best likelihood of approval for VentureOne when you have at the least an excellent credit score rating, which suggests a FICO rating of at the least 670. Should you aren’t fairly there, don’t despair. There are playing cards for folks with honest credit score scores. Use a type of responsibly and, over time, your rating ought to rise to the purpose of qualifying for larger tier playing cards.
When is the VentureOne Card not price it?
Although the VentureOne Card is a superb card for a lot of customers, it doesn’t go well with excessive spenders and critical globetrotters. It’s not that it’s a unhealthy selection; slightly, there are higher choices on the market. Let’s look at the situations through which VentureOne doesn’t make sense extra carefully.
You spend sufficient to offset an annual payment
The most important disadvantage of the VentureOne Card is its comparatively low flat charge. Think about, as an alternative, VentureOne’s sister card, the Capital One Enterprise Rewards Credit score Card. The Enterprise Rewards Card fees a $95 annual payment, however it provides loads of worth for that payment.
Incomes a vast 2X miles on all purchases and 5X miles on accommodations and rental vehicles booked by Capital One Journey, the Enterprise Card is as versatile as VentureOne, however extra profitable. Moreover, the Enterprise welcome bonus requires the next spend ($4,000 in three months), however you earn 75,000 miles if you happen to meet it. Incomes the bonus alone can successfully offset your annual payment for seven years, and that doesn’t even keep in mind the on a regular basis rewards alternatives.
There’s nothing fallacious with a powerful no-annual-fee card resembling VentureOne, however crunch the numbers to see whether or not paying Enterprise’s $95 annual payment places you forward ultimately.
You’d like International Entry or TSA PreCheck credit score
By incomes 5X miles on accommodations and rental automobile bookings made with Capital One Journey and charging no overseas transaction charges, VentureOne’s journey advantages are almost an identical to the Enterprise Rewards Card. Nonetheless, customers who fly typically and would respect expedited safety screenings for home flights or when clearing U.S. customs ought to apply for International Entry or TSA PreCheck. VentureOne gained’t cowl your utility payment, however Enterprise (and quite a few different premium journey playing cards) will. With Enterprise, each 4 years, you may stand up to a $100 assertion credit score on your International Entry or TSA PreCheck utility payment.
Think about that one other 12 months of offsetting the Enterprise annual payment.
Must you get the VentureOne Card?
Is the Capital One VentureOne Rewards Card price it? It relies upon. If you would like a flat-rate rewards card with no annual payment, the VentureOne Rewards Card is an effective approach to earn miles on all the pieces you purchase and redeem these miles for all the pieces from journey bookings to Amazon.com purchases.
However if you happen to’re on the lookout for a prime journey bank card, the Capital One VentureOne Card may not be your best choice. Though VentureOne consists of an a variety of benefits designed that will help you get monetary savings and construct your credit score, its journey advantages are pretty restricted. You don’t get any of the advantages that a number of the finest journey bank cards present, resembling TSA PreCheck and International Entry utility credit and airport lounge entry. Utilizing VentureOne to earn and redeem Capital One miles offers you loads of flexibility, however it in all probability gained’t do a lot to enhance your common journey expertise.
If you would like a Capital One bank card that provides a number of extra journey perks, the Capital One Enterprise is a good various. In change for a $95 annual payment, the Enterprise Rewards Card offers you a vast 2 miles per greenback on each buy and an computerized assertion credit score to cowl the price of your TSA PreCheck or International Entry utility payment.
You might additionally take into account the Chase Sapphire Most well-liked® Card. This journey bank card features a few top-level journey advantages, together with the chance to earn a welcome bonus of 60,000 bonus factors if you spend $4,000 within the first three months, price $750 towards journey when redeemed by Chase Journey℠. Just like the Enterprise Card, Sapphire Most well-liked additionally fees a $95 annual payment. Should you’d wish to keep away from an annual payment altogether, keep on with VentureOne.
The underside line
The Capital One VentureOne Rewards Credit score Card fees no annual payment and provides a number of primary journey advantages, together with the flexibility to earn and redeem Capital One miles. Should you’re on the lookout for an excellent starter journey card — or if you happen to merely desire a low-cost card — the VentureOne Rewards Card is likely to be a good selection. Should you’re hoping to get somewhat extra out of your journey bank card, you would possibly resolve that the VentureOne journey advantages aren’t sufficient. Be sure you rigorously assess your scenario and spending habits and take a look at the total Capital One VentureOne Card assessment earlier than deciding to use for VentureOne or a extra premium journey card.
