Is The Capital One VentureOne Card Worth It?

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 affords a vast 1.25X miles on each buy — supplying you with a simple technique to earn and redeem journey rewards with out having to pay an upfront value.

However are the Capital One VentureOne Card advantages value it? How does the VentureOne Rewards Card examine to journey bank cards that cost annual charges — and are the additional journey advantages value paying an annual payment?

Let’s check out what sorts of cardholders could discover the Capital One VentureOne Card value it and which of them ought to skip it, and the way it stacks up in opposition to different prime journey bank cards.

When is the VentureOne Card value it?

As a no-annual-fee journey card, the Capital One VentureOne could serve a wide range of cardholder sorts nicely. It’s an particularly good possibility for individuals who wish to dip a toe into the world of bank card journey rewards with out the danger of paying an annual payment and never realizing sufficient worth to offset it. Listed below are just a few different conditions that make the cardboard value it.

You wish to earn limitless rewards

For anybody who doesn’t need the trouble of monitoring bonus classes, the Capital One VentureOne Rewards Card affords a vast 1.25X miles per greenback on on a regular basis purchases. You too can rake in 5X miles on accommodations and rental automobiles by the Capital One Journey portal, nevertheless it’s that on a regular basis rewards charge that helps preserve 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, gasoline or airplane tickets, however the Capital One miles rewards program additionally affords 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 greatest redemption worth will probably come from transferring your miles to considered one of Capital One’s switch companions. Bankrate estimates your miles are value about 1.7 cents every if you switch them to a high-value associate. Actually, studying the ropes of the switch system takes time, nevertheless it’s value it for cardholders desirous about maximizing their reward redemptions.

You don’t wish to overspend in your welcome supply

Savvy cardholders know that top-of-the-line methods to earn rewards is by benefiting from a bank card’s welcome supply. The VentureOne Rewards Card affords 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 through Capital One Journey or for assertion credit score to cowl a journey buy on the cardboard they usually’re value $200.

When you switch the miles to a high-value journey associate, they could possibly be value 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

When you get pleasure from discount searching by scouring the web for low cost codes, you should use Capital One Buying to mechanically observe 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 (accessible on choose purchases) by linking their VentureOne Rewards card to the Capital One Buying app and utilizing the cardboard at checkout.

You could possibly use an intro APR supply

Intro APR affords are uncommon on journey rewards playing cards, however VentureOne affords a prolonged one. New cardholders can benefit from an intro 0 % APR for 15 months on purchases and steadiness transfers (3 % steadiness switch payment 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.

One of the best money again bank cards regularly supply intro APRs, however they’re onerous to come back 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. When you’re itching to get into the journey rewards sport, however want just a few additional months to repay an present debt or a brand new massive buy, VentureOne could possibly be the correct 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 will help if you happen to’re seeking to advance your credit score rating to the following tier, and also you’ll obtain real-time updates as your credit score improves.

This free credit score monitoring app is considered one of our favourite credit score monitoring providers as a result of it not solely tracks modifications to your credit score rating, but additionally 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 net and can let you recognize what you do subsequent to maintain your accounts secure.

Needless to say you’ve got the perfect probability of approval for VentureOne if in case you have at the very least a great credit score rating, which suggests a FICO rating of at the very least 670. When you aren’t fairly there, don’t despair. There are playing cards for individuals with honest credit score scores. Use a kind of responsibly and, over time, your rating ought to rise to the purpose of qualifying for increased tier playing cards.

When is the VentureOne Card not value it?

Although the VentureOne Card is a wonderful 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; moderately, there are higher choices on the market. Let’s look at the situations wherein VentureOne doesn’t make sense extra carefully.

You spend sufficient to offset an annual payment

The largest disadvantage of the VentureOne Card is its comparatively low flat charge. Take into account, as a substitute, VentureOne’s sister card, the Capital One Enterprise Rewards Credit score Card. The Enterprise Rewards Card expenses a $95 annual payment, nevertheless it affords loads of worth for that payment.

Incomes a vast 2X miles on all purchases and 5X miles on accommodations 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 if you happen to meet it. Incomes the bonus alone can successfully offset your annual payment for seven years, and that doesn’t even take into consideration the on a regular basis rewards alternatives.

There’s nothing improper with a robust no-annual-fee card akin to VentureOne, however crunch the numbers to see whether or not paying Enterprise’s $95 annual payment places you forward in the long run.

You’d like International Entry or TSA PreCheck credit score

By incomes 5X miles on accommodations and rental automotive 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 usually and would recognize 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 software 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 in your International Entry or TSA PreCheck software payment.

Take into account that one other 12 months of offsetting the Enterprise annual payment.

Must you get the VentureOne Card?

Is the Capital One VentureOne Rewards Card value it? It relies upon. If you’d like a flat-rate rewards card with no annual payment, the VentureOne Rewards Card is an effective technique to earn miles on the whole lot you purchase and redeem these miles for the whole lot from journey bookings to Amazon.com purchases.

However if you happen to’re in search of a prime journey bank card, the Capital One VentureOne Card may not be the best choice. Though VentureOne consists of a number of advantages designed that can assist you get monetary savings and construct your credit score, its journey advantages are pretty restricted. You don’t get any of the advantages that among the greatest journey bank cards present, akin to TSA PreCheck and International Entry software credit and airport lounge entry. Utilizing VentureOne to earn and redeem Capital One miles offers you loads of flexibility, nevertheless it most likely gained’t do a lot to enhance your basic journey expertise.

If you’d like a Capital One bank card that gives just a few extra journey perks, the Capital One Enterprise is a superb various. In trade for a $95 annual payment, the Enterprise Rewards Card offers you a vast 2 miles per greenback on each buy and an automated assertion credit score to cowl the price of your TSA PreCheck or International Entry software payment.

You could possibly additionally take into account the Chase Sapphire Most popular® 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, value $750 towards journey when redeemed by Chase Journey℠. Just like the Enterprise Card, Sapphire Most popular additionally expenses a $95 annual payment. When you’d prefer to keep away from an annual payment altogether, persist with VentureOne.

The underside line

The Capital One VentureOne Rewards Credit score Card expenses no annual payment and affords just a few fundamental journey advantages, together with the power to earn and redeem Capital One miles. When you’re in search of a great starter journey card — or if you happen to merely need a low-cost card — the VentureOne Rewards Card could be a sensible choice. When you’re hoping to get a bit extra out of your journey bank card, you would possibly determine that the VentureOne journey advantages aren’t sufficient. Ensure 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.