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VentureOne From Capital One review

Published: December 1, 2017
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Ratings Policy
Low Interest Rating:
3.1 rating
3.1 rating
3.1 / 5
Rates, Fees, Penalties: 3.1
Rewards: 2.7
Features: 4.0

In a nutshell:

The interest rate is reasonable – although not great – but the array of other features makes VentureOne Rewards Card worthy of consideration.

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Regular APR
12.99-22.99% (variable)

Introductory Purchase APR
0% for 12 months

Introductory Balance Transfer APR
None

Fees

  • No annual fee
  • No balance transfer fee
  • No foreign transaction fee
  • 3% or $10 cash advance fee (whichever is higher)

Penalties

  • Up to $35 late payment fee
  • No penalty APR
  • No returned payment fee

Other Notable Features: Credit tracker, travel upgrades and savings, complimentary concierge service, special access to events, shopping discounts, 24-hour travel assistance services, Apple Pay, lost luggage reimbursement, purchase security, roadside dispatch

No Annual Fee Rating:
3.6 rating
3.6 rating
3.6 / 5
Rewards Value: 2.5
Annual Percentage Rate: 4.0
Rewards Flexibility: 4.8
Features: 4.0

In a nutshell:

Cardholders unwilling to dole out the annual fee for the Capital One Venture card can still reap the benefits of a large sign-up bonus and a flexible rewards program with the VentureOne card.

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Rewards Rate
1.25:1 general purchases

Sign-up Bonus
20,000 points if you spend $1,000 in first 3 months

Annual Fee
$0

Average Yearly Rewards Value ($1,325 monthly spend)
$265

APR
12.99-22.99% (variable)

Rewards Redemption
Pros

  • No blackout dates
  • No expiration dates
  • No point limits
  • Redeem any hotel or airline purchase for a statement credit
  • No minimum points required to redeem for travel

Cons

  • No ability to transfer points

Other Notable Features: Credit tracker, travel upgrades and savings, complimentary concierge service, special access to events, shopping discounts, 24-hour travel assistance services, Apple Pay, lost luggage reimbursement, purchase security, roadside dispatch

Rewards Rating:
3.4 rating
3.4 rating
3.4 / 5
Rewards Value: 2.0
Annual Percentage Rate: 4.2
Rewards Flexibility: 4.8
Features: 4.0

In a nutshell:

The VentureOne card from Capital One is a good pick for cardholders who want rewards-funded travel, but don’t want to deal with blackout dates or complicated rewards schemes: In lieu of complicated bonuses, the card awards 1.25 miles on every purchase and it allows you to book your rewards-funded travel yourself from any website or travel agent you choose.

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Rewards Rate
1.25:1 general purchases

Sign-up Bonus
20,000 points if you spend $1,000 in first 3 months

Annual Fee
$0

Average Yearly Rewards Value ($1,325 monthly spend)
$265

APR
12.99-22.99% (variable)

Rewards Redemption
Pros

  • No blackout dates
  • No expiration dates
  • No point limits
  • Redeem any hotel or airline purchase for a statement credit
  • No minimum points required to redeem for travel

Cons

  • No ability to transfer points

Other Notable Features: Credit tracker, travel upgrades and savings, complimentary concierge service, special access to events, shopping discounts, 24-hour travel assistance services, Apple Pay, lost luggage reimbursement, purchase security, roadside dispatch

Travel Rating:
3.3 rating
3.3 rating
3.3 / 5
Rewards Value: 1.8
Annual Percentage Rate: 4.0
Rewards Flexibility: 4.8
Features: 4.0

In a nutshell:

The VentureOne Rewards card from Capital One offers a solid sign-up bonus and an above average rewards rate on regular purchases, but cardholders with excellent credit can get more value from other cards

Learn more about this card

Rewards Rate
1.25:1 general purchases

Sign-up Bonus
20,000 points if you spend $1,000 in first 3 months

Annual Fee
$0

Average Yearly Rewards Value ($1,325 monthly spend)
$265

APR
12.99-22.99% (variable)

Rewards Redemption
Pros

  • No blackout dates
  • No expiration dates
  • No point limits
  • Redeem any hotel or airline purchase for a statement credit
  • No minimum points required to redeem for travel

Cons

  • No ability to transfer points

Other Notable Features: Credit tracker, travel upgrades and savings, complimentary concierge service, special access to events, shopping discounts, 24-hour travel assistance services, Apple Pay, lost luggage reimbursement, purchase security, roadside dispatch

VentureOne tries to offer something to everyone, and the card might have succeeded. It is not a great low interest rate card, or a great rewards card. But as a combination rewards card with a low APR and no annual fee, it is a worthy contender for the space in your wallet.

Rewards credit cards usually come with a higher interest rate – currently averaging 15.70 percent – to compensate the issuer for the expense of the rewards program. But not in this case. You get 0 percent APR on purchases for 12 months, and a variable 12.99 to 22.99 percent interest rate after that. You also get a 20,000-point sign-up bonus, 1.25 percent back on all purchases and Visa Signature benefits, which you will appreciate if you like to travel.

The APR is far from spectacular

If you are not interested in travel rewards, and a low interest rate is your only concern, there are other cards that will suit you better. The strength of the VentureOne Rewards Card from Capital One is in its diverse offerings.

Large sign-up bonus

The 1.25 percent rewards rate is nothing to write home about, but you also get a 20,000 point sign-up bonus after spending $1,000 in three months. VentureOne points are very easy to use. You can redeem them for $200 on any kind of travel, from airline tickets to cruises.

No foreign transaction fees

Since VentureOne doesn’t have foreign transaction fees, it is perfect for using overseas. Note that when you use a credit card abroad, you usually get the best foreign exchange rates. But be careful not to fall for the so-called “dynamic conversion” option. Merchants get paid by banks for convincing you to convert your charge into your home currency, and they never mention there is a fee for this option. Always choose to pay in the local currency.

More forgiving on the penalties

If you miss a payment, you will  incur a $35 late-payment fee. However, the card doesn’t come with many of the penalties that frequent other cards. There is no penalty for returned payments, nor is there a penalty APR. Many cards will raise your APR as high as 29 percent for missing a payment. With the VentureOne card, you can rest assured that your rate won’t jump a substantial amount if you skip a due date.

Why get the VentureOne card?

  • You want a card that combines a reasonable interest rate with travel rewards and other benefits.
  • You are interested in Visa Signature benefits for no annual fee.
  • You want a no-fee card with a large sign-up bonus.

How to use the VentureOne card:

  • If you use the low introductory APR, try to pay off as much as possible within the limit of 12 billing cycles to maximize your savings.
  • Try to redeem your points for travel. You can also redeem for gift cards or statement credits, but they’ll only be worth about 0.5 cents per point.

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