Key takeaways
- The Capital One VentureOne Rewards Credit score Card is a superb journey card for newbies due to its no annual price and uncomplicated rewards construction.
- The VentureOne welcome provide is attainable for even average to low bank card spenders.
- Cardholders who spend sufficient to offset a modest annual price may 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 extra perks.
The Capital One VentureOne Rewards Credit score Card is what you may name an entry-level journey bank card. It doesn’t cost an annual price and provides a limiteless 1.25X miles on each buy — supplying you with an easy option 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 price?
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 in opposition to different high 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 sorts properly. 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 price and never realizing sufficient worth to offset it. Listed here are a couple 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 limiteless 1.25X miles per greenback on on a regular basis purchases. You too can rake in 5X miles on resorts and rental automobiles by the Capital One Journey portal, however it’s that on a regular basis rewards price that helps preserve issues easy. There are not 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 airplane tickets, however the Capital One miles rewards program additionally provides conveniently versatile rewards redemption choices. You may flip your miles into assertion credit to cowl your journey purchases, switch them to quite a few resort and journey companions or use your miles to cowl PayPal or Amazon.com purchases.
Your greatest redemption worth will probably 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 while you switch them to a high-value accomplice. Definitely, studying the ropes of the switch system takes time, however it’s price it for cardholders desirous about maximizing their reward redemptions.
You don’t need to overspend in your welcome provide
Savvy cardholders know that probably the greatest methods to earn rewards is by profiting from a bank card’s welcome provide. The VentureOne Rewards Card provides new cardholders 20,000 bonus miles while 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 and so they’re price $200.
In the event you switch the miles to a high-value journey accomplice, they might be price about $340 primarily based on Bankrate’s valuations. That’s a hefty worth for a bonus on a no-annual-fee card.
You often store on-line
In the event you take pleasure in discount searching by scouring the web for low cost codes, you need to use Capital One Buying to routinely monitor coupons, value comparisons and extra. Whenever you obtain the Capital One Buying app or add the Capital One Buying extension to your browser, Capital One will start trying to find coupon codes and sending you price-drop alerts.
Plus, VentureOne Rewards cardholders can earn Capital One Buying Credit (out there on choose purchases) by linking their VentureOne Rewards card to the Capital One Buying app and utilizing the cardboard at checkout.
You may use an intro APR provide
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 price applies for the primary 15 months; 4 % at a promotional APR that Capital One could give you at every other time). After the intro interval, a 19.99 % to 29.99 % variable APR applies.
The very best money again bank cards often provide intro APRs, however they’re laborious to return by amongst journey rewards playing cards. That makes this characteristic a standout for VentureOne.
Bear 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. In the event you’re itching to get into the journey rewards recreation, however want a couple of further months to repay an present debt or a brand new giant buy, VentureOne might 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 control your credit score, you’ll need to enroll in CreditWise from Capital One. CreditWise may also help when you’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 providers 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 would notify you in case your electronic mail seems on the darkish internet and can let you recognize what you do subsequent to maintain your accounts protected.
Take into account that you will have the most effective likelihood of approval for VentureOne when you have a minimum of credit score rating, which suggests a FICO rating of a minimum of 670. In the event you aren’t fairly there, don’t despair. There are playing cards for individuals 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 shoppers, it doesn’t swimsuit excessive spenders and critical globetrotters. It’s not that it’s a unhealthy alternative; somewhat, there are higher choices on the market. Let’s study the eventualities through which VentureOne doesn’t make sense extra carefully.
You spend sufficient to offset an annual price
The largest downside of the VentureOne Card is its comparatively low flat price. Contemplate, as an alternative, VentureOne’s sister card, the Capital One Enterprise Rewards Credit score Card. The Enterprise Rewards Card prices a $95 annual price, however it provides loads of worth for that price.
Incomes a limiteless 2X miles on all purchases and 5X miles on resorts and rental automobiles 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 when you meet it. Incomes the bonus alone can successfully offset your annual price for seven years, and that doesn’t even keep in mind the on a regular basis rewards alternatives.
There’s nothing incorrect with a robust no-annual-fee card equivalent to VentureOne, however crunch the numbers to see whether or not paying Enterprise’s $95 annual price places you forward ultimately.
You’d like World Entry or TSA PreCheck credit score
By incomes 5X miles on resorts 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, shoppers who fly usually and would respect expedited safety screenings for home flights or when clearing U.S. customs ought to apply for World Entry or TSA PreCheck. VentureOne gained’t cowl your utility price, however Enterprise (and quite a few different premium journey playing cards) will. With Enterprise, each 4 years, you may rise up to a $100 assertion credit score in your World Entry or TSA PreCheck utility price.
Contemplate that one other yr of offsetting the Enterprise annual price.
Must you get the VentureOne Card?
Is the Capital One VentureOne Rewards Card price it? It relies upon. In order for you a flat-rate rewards card with no annual price, the VentureOne Rewards Card is an efficient option to earn miles on all the things you purchase and redeem these miles for all the things from journey bookings to Amazon.com purchases.
However when you’re searching for a high journey bank card, the Capital One VentureOne Card may not be your best choice. Though VentureOne contains a number of advantages 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 greatest journey bank cards present, equivalent to TSA PreCheck and World Entry utility credit and airport lounge entry. Utilizing VentureOne to earn and redeem Capital One miles offers you loads of flexibility, however it most likely gained’t do a lot to enhance your basic journey expertise.
In order for you a Capital One bank card that provides a couple of extra journey perks, the Capital One Enterprise is a superb various. In alternate for a $95 annual price, the Enterprise Rewards Card offers you a limiteless 2 miles per greenback on each buy and an computerized assertion credit score to cowl the price of your TSA PreCheck or World Entry utility price.
You may 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 while 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 prices a $95 annual price. In the event you’d wish to keep away from an annual price altogether, stick to VentureOne.
The underside line
The Capital One VentureOne Rewards Credit score Card prices no annual price and provides a couple of fundamental journey advantages, together with the power to earn and redeem Capital One miles. In the event you’re searching for starter journey card — or when you merely desire a low-cost card — the VentureOne Rewards Card may be a good selection. In the event you’re hoping to get a little bit extra out of your journey bank card, you may resolve that the VentureOne journey advantages aren’t sufficient. Be sure you fastidiously assess your scenario and spending habits and take a look at the total Capital One VentureOne Card overview earlier than deciding to use for VentureOne or a extra premium journey card.
