Capital One Venture Vs. VentureOne Comparison

Capital One Venture Vs. VentureOne Comparison

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Many people are probably familiar with the Capital One Venture Rewards Credit Card (review), which is a straightforward and incredibly rewarding travel credit card, especially in light of Capital One recently improving the value of its mileage program.

However, fewer people are probably familiar with the no annual fee version of the card, which is the Capital One VentureOne Rewards Credit Card. In this post, I wanted to compare the two cards, and help people decide which of these two cards makes the most sense for their spending patterns.

Differences Between Venture & VentureOne Cards

There are a variety of factors to consider when deciding which of these cards makes the most sense.

In this section, I wanted to take a look at the major differences between the cards, including the annual fees, welcome bonuses, return on spending, and more, so that you can decide which card is the best fit for your credit card needs.

Comparing Annual Fees: $95 Vs. $0

To compare the annual fees on the cards:

Comparing Welcome Bonuses: 60K Vs. 20K Miles

New cardmember spending bonuses are a big incentive to apply for credit cards, and there’s a significant difference between the bonuses on the two cards:

  • The Venture Card offers 60,000 Venture miles after spending $3,000 within three months
  • The VentureOne Card offers 20,000 Venture miles after spending $500 within three months

The VentureOne bonus of 20,000 miles is excellent for a no annual fee card. However, the bonus of 60,000 miles is significantly better. At an absolute minimum, Venture miles can be redeemed for one cent each towards the cost of virtually any travel purchase, but there’s even a much better way than that to redeem Venture miles.

The difference in bonus between the two cards is 40,000 miles

Comparing Return On Spending: 2x Miles Vs. 1.25x Miles

Both of these cards have straightforward rewards structures, which give you a lot of flexibility with your travel rewards:

Venture miles can be redeemed for one cent each towards the cost of a travel purchase, or they can be transferred to a Venture airline or hotel partner, typically at a ratio of 1:1.

In other words, for every dollar spent:

  • The Venture offers 2.0 cents towards travel, or 2x airline miles
  • The VentureOne offers 1.25 cents towards travel, or 1.25x airline miles

I should mention that I value Capital One miles at 1.7 cents each, based on the ability to transfer them to airline partners at a 1:1 ratio. Based on my valuation:

  • The Venture offers a return of 3.4% on everyday spending
  • The VentureOne offers a return of 2.125% on everyday spending
Redeem Venture miles towards the cost of virtually any travel purchase

Capital One VentureOne Doesn’t Charge Foreign Transaction Fees

When it comes to spending money on the cards, I think it’s specifically worth calling out that the VentureOne doesn’t charge foreign transaction fees.

I realize that doesn’t excite those with premium cards, but the reality is that this is the only no annual fee personal card that earns transferable points and also doesn’t have foreign transaction fees, so that’s worth being aware of.

Pay no foreign transaction fees with either Venture product

Is The Venture Or VentureOne Card Better?

For those who are deciding between the Venture Card and VentureOne Card, what should you consider? Below are the things I recommend doing the math on.

Breakeven Point On Spending

Taking the welcome bonuses out of the equation, long term what’s the breakeven point between the two cards?

There’s a $95 difference between the annual fees, and the difference in earnings rates is 0.75 Venture miles per dollar spent. Therefore:

  • If you value Venture miles at 1.0 cents each (based on the ability to redeem them as cash towards travel purchases), then you’d come out ahead with the Venture over the VentureOne if you spend at least $12,667 per year
  • If you value Venture miles at 1.7 cents each (based on the ability to convert them into airline miles at a 1:1 ratio), then you’d come out ahead with the Venture over the VentureOne if you spend at least $7,451 per year

This doesn’t even factor in that the Venture Card offers a TSA Pre-Check or Global Entry credit, while the VentureOne doesn’t.

Redeem Venture miles for premium travel

Tip: Get The Venture, Have The Option To Downgrade To The VentureOne

Here’s how I would approach this, regardless of your situation:

  • I would apply for the Venture Card; it has a much better bonus (by 40,000 Venture miles, worth at least $400 in travel), the rewards structure is 60% better, and you can take advantage of the TSA Pre-Check credit
  • After the first year decide how you like the Venture Card:
    • If you’re getting value out of it, continue using it
    • If you’re not getting value out of it, call Capital One and downgrade it to the VentureOne; you keep all the Venture miles you already earned

I think many may find that the Venture is worth keeping over the VentureOne, and this way you have the flexibility to decide after a year.

You can always get the Venture Card and downgrade later

Bottom Line

For someone who wants a simple travel rewards card with no foreign transaction fees, the Venture Card and VentureOne Card are both exceptional in their respective competitive sets.

The Venture offers flexible rewards, and each dollar spent gets you either two cents towards travel, or two airline miles. Meanwhile the VentureOne is the only personal no annual fee credit card that earns transferable points and has no foreign transaction fees.

While either card could make sense, I’d recommend just about everyone apply for the Venture Card — it has a bonus of 60K Venture miles, and earns rewards at a much faster pace. If you decide after a year that the card doesn’t make sense for you, you can always downgrade to the VentureOne.

What’s your take on the value of the Venture vs. the VentureOne?

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  1. mojo

    The annual fee for my Venture card (which I've held for many, many years) is still grandfathered at $59 :-)

Featured Comments Load all 2 comments Most helpful comments ( as chosen by the OMAAT community ).

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Joe1293

@mojo Thanks Incredible

mojo

The annual fee for my Venture card (which I've held for many, many years) is still grandfathered at $59 :-)

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