Capital One Venture Rewards vs. Capital One VentureOne: Which should you venture toward?
Editor's Note
The Capital One Venture Rewards Credit Card has long been a top travel rewards credit card with a manageable annual fee and a strong flat-rate earning structure. But you may not realize that this popular card also has a no-annual-fee sister card: the Capital One VentureOne Rewards Credit Card.
Over the past few years, the Venture card family has only improved, largely due to its valuable transfer partners, improved transfer ratios and the continued expansion of Capital One's airport lounge network.
Yet despite the similar names and the identical redemption options, these two cards are geared toward different types of travelers. Below, we break down the differences to help you decide which is better for you.
Capital One Venture Rewards vs. Capital One VentureOne comparison
| Card | Capital One Venture Rewards Credit Card | Capital One VentureOne Rewards Credit Card |
|---|---|---|
| Welcome bonus | Earn 75,000 bonus miles after spending $4,000 on purchases within the first three months from account opening. Plus, new cardholders will receive a $250 Capital One Travel credit to use in the first cardholder year. | Earn 20,000 bonus miles after spending $500 on purchases within the first three months from account opening. |
| Annual fee | $95 | $0 |
| Earning rates |
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| Redemption options |
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| Additional perks |
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As you can see, there are some notable differences between the two, so let's take a deeper dive into each category.
Related: The best time to apply for these popular Capital One credit cards based on offer history
Capital One Venture Rewards vs. Capital One VentureOne welcome bonus
New Capital One VentureOne Rewards cardholders can earn 20,000 bonus miles after spending $500 within the first three months of account opening.
TPG's February 2025 valuations peg Capital One miles at 1.85 cents each, making this bonus worth $370.
New Capital One Venture Rewards cardholders, on the other hand, can earn a much higher 75,000 bonus miles after spending $4,000 on purchases within the first three months of account opening. Plus, new cardholders will receive a $250 Capital One Travel credit to use in the first cardholder year. This is a limited-time offer.
According to TPG's valuations, this bonus is worth up to $1,638 when including the statement credit.
Winner: Venture Rewards. Its welcome bonus is significantly more valuable than that of the VentureOne.
Related: Have the Capital One Venture Rewards Card but new to points and miles? Here's what you need to know
Capital One Venture Rewards vs. Capital One VentureOne benefits
It's not typical to get many benefits on cards without an annual fee, so the travel and warranty protections on the Capital One VentureOne Rewards are nice to see. Plus, you won't have to pay foreign transaction fees when using this card abroad.
However, the real benefit that sets the VentureOne apart from other no-annual-fee cards is the ability to transfer the miles it earns to Capital One's full range of transfer partners.
The Capital One Venture Rewards also comes with some valuable travel access and protections, including an auto collision damage waiver and travel accident insurance.
Cardholders will also receive a credit for Global Entry/TSA PreCheck and a $50 experience credit to use at Lifestyle Collection properties. For a card with a $95 annual fee, it's nice to see multiple statement credits included.
Winner: Venture Rewards. Its statement credits for Global Entry/TSA PreCheck and the Lifestyle Collection make it the clear winner.
Related: Is the Capital One Venture Rewards worth it?
Earning miles on the Capital One Venture Rewards vs. the Capital One VentureOne Card
Both the Capital One Venture Rewards and the Capital One VentureOne Rewards earn Capital One miles. Regardless of which card you choose, you can feel confident knowing you're earning valuable rewards on each purchase without worrying about which category it falls under.
Both cards earn an impressive 5 Capital One miles per dollar on hotels and rental cars booked through Capital One Travel. The Venture Rewards also earns 5 miles per dollar on vacation rentals.
On all other purchases, the Venture Rewards earns 2 miles per dollar, while the VentureOne earns 1.25 miles per dollar.
Winner: Venture Rewards. It earns around 38% more than the VentureOne on everyday purchases, plus bonus miles on vacation rentals.
Related: How to redeem Capital One miles for maximum value
Redeeming miles on the Capital One Venture Rewards vs. the Capital One VentureOne Card
Both the Capital One Venture Rewards and the Capital One VentureOne Rewards earn fully transferable Capital One miles and have the same redemption options. You can get great value from either card by transferring your miles to any of Capital One's 15-plus airline and hotel partners.
You can also redeem your miles for a statement credit for eligible travel purchases or use them to book through Capital One Travel. Finally, you can redeem your miles for cash back or gift cards. These options won't provide as much value as transferring your miles to partners.
Winner: Tie. Both cards earn transferable Capital One miles and have the same redemption options.
Related: Should you transfer Capital One miles to partners or redeem them directly for travel?
Transferring miles with the Capital One Venture Rewards vs. the Capital One VentureOne Card
Whether you have the Capital One Venture Rewards or the Capital One VentureOne Rewards, your best redemption option is to transfer your miles to any of Capital One's 15-plus travel loyalty programs, including valuable options like Air France-KLM Flying Blue, Turkish Airlines Miles&Smiles and Choice Privileges.
TPG contributing editor Matt Moffitt especially appreciates the option to transfer his miles to Avianca LifeMiles for premium-cabin redemptions on United to Australia.
With so many options, you're sure to find a valuable transfer partner that fits your travel habits and goals.
Winner: Tie. Both cards have the same transfer options.
Related: Ultimate guide to Capital One airline and hotel transfer partners
Should I get the Capital One Venture Rewards or the Capital One VentureOne?
If you're focused on avoiding annual fees, the Capital One VentureOne Rewards is worth adding to your wallet for its unique ability to earn transferable miles. However, if you don't mind paying an annual fee, you'll get more value from travel benefits and higher earning rates with the Capital One Venture Rewards.
Related: Capital One Venture Rewards vs. Capital One Venture X
How to upgrade from the Capital One VentureOne to the Capital One Venture Rewards
If you have the Capital One VentureOne Rewards and want to product change to the Capital One Venture Rewards, you can contact customer service to see if you're eligible to upgrade. You'll likely be able to do so if you have a solid payment history with your initial card.
However, keep in mind that you'd be able to reap the benefits of the Venture Rewards' welcome bonus if you applied for the card outright instead of upgrading your VentureOne. If you elect to product change, you could be missing out on some value.
Related: 4 major considerations before upgrading your credit card
Bottom line
Both the Capital One Venture Rewards and the Capital One VentureOne earn valuable transferable miles and provide travel perks while keeping annual fee costs low. As far as no-annual-fee cards go, you'll have difficulty finding another one that offers as much value as the VentureOne does with its transferable miles.
Still, the Venture Rewards card has more than enough perks to offset its $95 annual fee. Both are excellent cards and which is a better fit for you will come down to your personal priorities.
To learn more, read our full reviews of the Capital One Venture Rewards and the Capital One VentureOne Card.
Learn more: Capital One VentureOne
Learn more: Capital One Venture Rewards
For Capital One products listed on this page, some of the benefits may be provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.