Capital One Venture Rewards vs. Capital One VentureOne: Which should you venture toward?

Editor’s note: This is a recurring post, regularly updated with new information and offers. The Capital One Venture Rewards Credit Card has long been a top travel rewards credit card with a manageable annual fee, a solid welcome bonus and a strong flat-rate earning structure. But you may not realize that this popular card also has …

Feb 28, 2025 - 16:35

Capital One Venture Rewards vs. Capital One VentureOne: Which should you venture toward?

Editor’s note: This is a recurring post, regularly updated with new information and offers.

The Capital One Venture Rewards Credit Card has long been a top travel rewards credit card with a manageable annual fee, a solid welcome bonus 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 when you spend $4,000 on purchases within the first three months from account opening, plus a $250 Capital One Travel credit to use in your first cardholder year	Earn 20,000 bonus miles once you spend $500 on purchases within the first three months from account opening
Earning rates	5 miles per dollar on hotels, vacation rentals and rental cars booked through Capital One Travel 2 miles per dollar spent on all other purchases	5 miles per dollar on hotels and rental cars booked through Capital One Travel 1.25 miles per dollar spent on all other purchases
Redemption options	Redeem miles as a statement credit to cover the cost of eligible travel purchases or redeem miles directly for new bookings through Capital One Travel Miles also transfer to 15-plus travel loyalty programs	Redeem miles as a statement credit to cover the cost of eligible travel purchases or redeem miles directly for new bookings through Capital One Travel Miles also transfer to 15-plus travel loyalty programs
Additional perks	Up to $120 in statement credits for Global Entry/TSA PreCheck application fee Access to hotel bookings through Capital One’s Lifestyle Collection Travel Assistance Services Extended warranty protection No foreign transaction fees	Travel Assistance Services Auto rental insurance Extended warranty protection No foreign transaction fees World Elite Mastercard benefits
Annual fee	$95	$0

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.

As you can see, there are some notable differences between the two, so let’s take a deeper dive into each category.

Capital One Venture Rewards Card vs. Capital One VentureOne welcome bonus

New Capital One VentureOne Rewards cardholders receive 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.

Capital One Venture Rewards and Capital one VentureOne — THE POINTS GUY

New Capital One Venture Rewards cardholders, on the other hand, will receive a much higher 75,000 bonus miles after spending $4,000 on purchases within the first three months of account opening, plus a $250 Capital One Travel credit to use in your first cardholder year. According to TPG’s February 2025 valuations, this bonus is worth up to $1,638, when including the statement credit.

Winner: Venture Rewards. Its welcome bonus is over four times that of the VentureOne.

Capital One Venture Rewards Card 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. However, the real benefit that sets the VentureOne apart is the ability to transfer the miles it earns to Capital One’s full range of transfer partners without paying an annual fee.

Capital-One-Lounge-Dulles-Washington-IAD-47 (1) — DAVID SLOTNICK/THE POINTS GUY

The Capital One Venture Rewards also comes with some valuable travel access and protections as well as a credit for Global Entry/TSA PreCheck.

Winner: Venture Rewards. Its additional travel benefits and the Global Entry/TSA PreCheck credit make it the clear winner.

Earning miles on the Capital One Venture Rewards Card vs. the Capital One VentureOne Card

Both the Capital One Venture Rewards and the Capital One VentureOne Rewards earn Capital One miles at a flat rate. 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.

Man paying with credit card in a restaurant — WESTEND61/GETTY IMAGES

Both cards earn an impressive 5 Capital One miles per dollar on hotels and rental cars booked through Capital One Travel. 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 38% more than the VentureOne on everyday purchases.

Redeeming miles on the Capital One Venture Rewards Card 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 travel loyalty programs.

A young woman sitting on a chair in the airport — D3SIGN/GETTY IMAGES

You can also redeem your miles for a statement credit for eligible travel purchases or use them to book through Capital One Travel. You can also redeem your miles for cash back or gift cards.

Winner: Tie. Both cards earn transferable Capital One miles and have the same redemption options.

Transferring miles with the Capital One Venture Rewards Card 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.

Turkish Airlines planes — ZACH GRIFF/THE POINTS GUY

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.

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.

Hotel room — THE LUDLOW HOTEL NYC/FACEBOOK

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.

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.

For more information, read our full review of the Capital One Venture Card and our full review of the Capital One VentureOne Card.

Learn more: Capital One VentureOne

Learn more: Capital One Venture Rewards