Capital One Venture Rewards Credit Card vs. Capital One VentureOne Rewards Credit Card

The Capital One Venture Rewards Credit Card and the Capital One VentureOne Rewards Credit Card are strong credit cards with travel rewards, the Venture Rewards Card and the VentureOne Rewards Card. Both offer a way to turn your rewards into travel as well as a handful of travel perks to add some convenience to your travels – but there’s one major difference between them.

The Venture Rewards card is an upgrade from VentureOne: it offers higher rewards and more benefits, but it also costs $95 per year. For most travelers, the Venture will be a better value despite the annual fee. However, if you don’t travel often enough to justify the cost, the VentureOne is one of the best trips cards without annual fee.

Which card does it better?

Card feature Winner

Annual subscription

Venture One

Awards

Company

welcome bonus

Company

APR introductory offer

Venture One

Travel

Company

Capital One Venture Rewards Credit Card

Introductory offer: New Venture cardholders can earn 75,000 miles once they spend $4,000 on purchases within 3 months of account opening

APR: 18.99% – 26.99% (Variable)

Recommended credit: Excellent, good

Reward rate

  • Earn 5X miles on hotels and rental cars booked through Capital One Travel, where you’ll get Capital One’s best prices on thousands of travel options
  • Earn unlimited 2X miles on every purchase, every day.

Annual fees: $95

Capital One VentureOne Rewards Credit Card

Introductory offer: Earn 20,000 bonus miles once you spend $500 on purchases within 3 months of account opening, which equals $200 on travel

APR: 17.99% – 27.99% (Variable)

Intro Purchase APR: 0% intro on purchases for 15 months

Recommended credit: Excellent, good

Reward rate

  • Earn 5X miles on hotels and rental cars booked through Capital One Travel, where you’ll get Capital One’s best prices on thousands of travel options
  • Earn unlimited 1.25X miles on every purchase, every day.

Annual fees: $0

Annual subscription

Winner: VentureOne Awards

VentureOne rewards have no annual fee, while the Venture costs $95 per year. In a vacuum, the VentureOne has a clear advantage, but you’ll have to decide based on your spending habits whether the Venture’s annual fee is worth the extra perks.

Awards

Winner: Corporate Awards

Since both cards offer a fixed rewards rate on all purchases, it’s easy to compare and see the Venture’s superior value. The Venture card offers 2x miles per dollar for all your purchases while the VentureOne offers 1.25x miles. No matter how much you spend on the VentureOne, its rewards will never eclipse those of the Venture.

As long as you redeem your miles for past travel purchases, each mile will be worth 1 cent. You can also redeem for statement credits, gift cards, and purchases through Amazon and Paypal, but the value per mile may be different.

welcome bonus

Winner: Corporate Awards

The Venture Rewards card offers a considerably larger bonus than the VentureOne, which is not unexpected given the annual fee. this is the upgraded version of the map. Here are the two welcome bonus:

  • Venture Rewards Card: Earn 75,000 miles once they spend $4,000 on purchases within three months of account opening
  • VentureOne Rewards Card: Earn 20,000 miles after spending $500 on purchases within three months of account opening

As long as you redeem for travel through Capital One Travel, the bonuses are worth $750 and $200 respectively. Note that while you get more value from the Venture’s welcome bonus, you also have to spend a lot more to reach it.

APR introductory offer

Winner: VentureOne Awards

Since the Venture Rewards card doesn’t provide cardholders with an upfront purchase APR, the VentureOne has the edge if you’re interested in mid-term financing or working on existing debt. New cardholders have 15 months to refund their purchases or balance transfers at 0% introductory interest before the standard APR of 17.99% to 27.99% (variable) applies.

A intro buy APR is particularly useful on a travel map, as it provides a buffer for emergency expenses while you are abroad – as if you unexpectedly had to book another flight home.

Travel

Winner: Corporate Awards

Considering these are travel cards, this is arguably the most important category. The Venture Rewards is once again the winner, mainly due to its extensive travel benefits.

While the VentureOne has a lot to offer for a no-annual-fee travel card, it can’t compete with the amenities offered by the upgraded version. The Venture offers an application fee credit for Global Entry or TSA PreCheck that gets you through customs or the TSA faster. It also offers two free visits each year to Capital One lounges, but there are only three lounges of which only one is open.

Still, the application fee credit — along with the card’s higher rewards — makes the Venture Rewards card the better travel card of the two.

You can compare all the benefits of each card below:

Card benefits

Corporate Awards VentureOne Rewards

Collision Damage Waiver for Rental Vehicles*

Collision Damage Waiver for Rental Vehicles*

Travel accident insurance*

Travel accident insurance*

Extended Warranty*

Extended Warranty*

Global Entry or TSA PreCheck application fee credit

Hertz Five Star Status

It should be noted that the VentureOne still offers a lot for a card with no annual fee.

The bottom line

The Venture Rewards Card offers better rewards and travel benefits than the VentureOne. If you travel enough, the benefits will outweigh the annual fee.

That said, the VentureOne is still a solid choice for people who only travel a few times a year. It offers an impressive selection of benefits and a solid rewards program with no annual fee.

FAQs

Is paying an annual fee worth it?

It can be. Often a card with an annual fee offers more benefits and higher rewards than a card without. But you will need to make sure it fits your budget. If you don’t travel enough or spend enough to justify the cost, first consider a card with no annual fee.

What are foreign transaction fees?

When you make a purchase with your credit card outside the United States, some credit cards will charge you a percentage of the purchase if it is to be made in another currency. 3% is the industry standard, but some credit cards may charge more.

What are Global Entry and TSA PreCheck?

Global Entry and TSA PreCheck are programs designed to speed up your airport experience. Global Entry aims to get you through customs faster while TSA PreCheck gets you through airport security much faster.

*Terms, conditions and exclusions apply. Please see your Benefits Guide for more details.

Editorial content on this page is based solely on objective, independent assessments by our editors and is not influenced by advertising or partnerships. It was not supplied or commissioned by a third party. However, we may receive compensation when you click on links to products or services offered by our partners.

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