Capital One Venture Rewards Credit Card and Capital One VentureOne Rewards Credit Card so similar to each other – with similar names and similar blue bodies – you might wonder how they differ from each other.
Essentially, both cards offer the same repayment options, but the Venture Card is the more premium version, with a bigger signup bonus, 2x higher earning rate, and a $95 annual fee.
Our calculations show that for the majority of cardholders—those who spend at least $12,667 a year—a venture card more than makes up for its annual fee.
Capital One Venture vs. VentureOne
| Card | Capital One VentureOne Rewards Credit Card |  Capital One Venture Rewards Credit Card |
|---|---|---|
| Interest rate |
|
|
| Bonus for registration | 20,000 miles if you spend $500 in the first 3 months | 75,000 bonus miles if you spend $4,000 in the first 3 months |
| Annual fee | $0 | $95 |
| Average earnings in the first year ($15,900 including signup bonus) | $423 | $1078 |
Receiving awards
When it comes down to it, the Capital One Venture Card is simply a more lucrative rewards card than the Capital One VentureOne. Both cards earn 5 miles per dollar spent on hotels and rental cards booked through Capital One Travel, but the key difference is that the Venture Card earns unlimited 2 miles per dollar on all other purchases.
On the other hand, VentureOne earns 1.25 miles per dollar on regular purchases. This is no laughing matter compared to other reward cards that typically fetch 1 mile per dollar, but it’s still less than the Venture Card’s attractive 2 miles.
Bonus for registration
The signup bonus on the Venture Card is much larger than VentureOne, making it a great first-year choice — even with the $95 annual fee. If you spend $4,000 within the first three months, you will receive a bonus of 75,000 miles, which is $750 in rewards.
However, unless you consider yourself a big spender, the $4,000 goal may be difficult to achieve. In this case, the VentureOne card signup bonus of 20,000 miles after you spend $500 in the first three months is still impressive for a card with no annual fee. VentureOne continues to bring many rewards to those who spend more modestly.
For those who absolutely must have a Venture Card after hearing about its hefty signup bonus but don’t know how to get $4,000, consider using your card for large bills like car insurance, utilities, and the like. .
Annual fee
Of course, the impressive Venture Card rewards come at a price – a $95 annual fee. But don’t let that hold you back. If you’re spending at least $12,667 a year (more on that below), the fee is worth it.
Our calculations in the table below show that it doesn’t cost much to see the benefits of the Capital One Venture Card. You only need to spend $12,667/year ($1,056/month) on Venture Card rewards (less annual fees) to outweigh VentureOne Card earnings.
While this is not pocket change, it is a reasonable amount for most families who intend to put all their expenses on one card.
Annual spending fee of $12,667 ($1,056 per month)
However, if $1,056 per month is a bit out of your range (perfectly understandable for solo earners), the Capital One VentureOne card still delivers great rewards.
Other perks
Both cards have great benefits such as unlimited rewards, no minimum mileage requirement to redeem for a trip, and no foreign transaction fee (required when traveling abroad). They also allow you to transfer miles to more than 15 Capital One travel partners.
On its own, Capital One VentureOne comes with some nice perks like travel accident insurance, extended warranties on certain items, and more. However, some benefits are only available to those approved for a Visa Signature Card and conditions apply.
As for the Venture Rewards Card, it offers several luxury travel benefits such as two free visits per year to the Capital One Lounge, up to $100 credit for Global Entry or TSA PreCheck, and Hertz Five Star status.
Redemption value
Capital One offers several redemption options, but the best option by far is through Capital One Travel at a rate of 1 cent per mile. As for other redemption options, if you choose to use gift cards, a credit statement or a check, the mile’s value drops to 0.8 cents or 0.5 cents.
This limits the value of Capital One Miles as you are encouraged to spend primarily on travel purchases with Capital One Travel. At least the Venture Card makes up for this a bit by earning 2x the miles on regular purchases, but the redemption cost does reduce the value of the VentureOne card.
With a cashback card, you can get the same amount of redemption for your miles with more flexibility as you can use cashback for anything, not just travel. (Note: The VentureOne Card offers cash back as a redemption option, but at a lower cost of 0.5 cents per mile.)
As it turns out, there are many cashback cards on the market that charge no annual fees and offer rewards of 1.5% or more. In other words, many cards offer a higher reward rate and more flexibility than the VentureOne card.
Capital One Venture: Best for First Year Award
The Capital One Venture Card offers the simplicity of a fixed rate of earning 2 miles per dollar on every purchase and some flexibility with redemption options. To top it all off, the industry’s best signup bonus makes this card hard to beat, even with its annual fee.
However, as we mentioned, you have to spend $1,056 or more per month to experience the advantage of this card over VentureOne. For frequent travelers and families, this is a great card to use for all or most of your purchases.
Capital One VentureOne: The Best Solution for People on a Budget
Of course, not everyone is willing to pay $95. If you don’t have the funds to manage over $1,000/month credit card spending, or you’re not sure you’ll be traveling often enough to earn your rewards regularly, the VentureOne card is a very good option. – alternative with annual payment. The 20,000 miles signup bonus is no laughing matter either, and its rewards structure will still earn you a decent amount of miles if you use the card for most of your purchases.
bottom line
Overall, the Venture and VentureOne cards are great, simple flat rate travel cards that are a good choice for cardholders who prefer to use one card for every purchase. But if you’re a big spender and don’t mind paying an annual fee, you can squeeze more out of the Venture Card – thanks to double the purchase reward rate and a generous signup bonus.
Editorial disclaimer
The editorial content on this page is based solely on the objective judgment of our contributors and is not based on advertising. It was not provided or ordered by credit card issuers. However, we may receive compensation when you click on links to our partners’ products.
