Many travel rewards credit cards carry an annual fee, but if you desire travel rewards with no annual fee, you are not without options. The Capital One VentureOne Rewards Credit Card is a travel rewards card with no annual fee. It offers 1.25x miles per dollar on every purchase and even comes with a welcome bonus opportunity.
This is one of the best credit card options out there for regular travelers with no annual fee. Let’s dive into the details.
A Closer Look at the Capital One VentureOne Rewards Credit Card
VentureOne Rewards is a great no-fee travel rewards credit card. It offers a simple, straightforward miles-earning system and makes redeeming your miles incredibly easy. Here’s how the VentureOne Rewards card rewards system works.
You earn a flat rate, unlimited 1.25x miles per dollar on every purchase with this card. New cardholders have an opportunity earn a welcome bonus of 20,000 Miles after spending $500 on purchases within the first three months of the account opening. Just make sure to pay off that balance in full every month to avoid expensive interest charges.
Venture Miles are also incredibly flexible. Just make any travel purchase like normal with your VentureOne Rewards card. Then log into your account online and reimburse yourself for the transaction with your miles.
You can redeem miles by booking a trip through Capital One Travel or transfer your miles to your choice of 15+ travel loyalty programs. You are not limited to just a small number of partners.
The card does not have an annual fee and charges no foreign transaction fees. Plus it charges 0% APR on purchases and balance transfers for the first 15 months after opening a new account. Afterward, the variable APR will be 19.99% – 29.99%, based on creditworthiness. There is a 3% balance transfer fee for the first 15 months or at a promotional APR that Capital One may offer you at any other time. There is no fee for amounts transferred at the Transfer APR.
VentureOne Rewards Perks and Benefits
We’ve already discussed this card’s awesome rewards program, so let’s look at the additional perks and benefits that come with the card.
- No foreign transaction fee – Many cards charge as much as 3% in fees when you use your card outside of the United States. When you use your VentureOne Rewards card, you don’t have to worry about these types of fees. You can purchase in dollars, pounds, euros, pesos, or anything else without paying any service fees.
- Auto rental insurance – Use this card for a car rental and you are not liable for any costs from collision or theft. Just waive the rental insurance at the counter when renting a vehicle and this coverage kicks in.
- Extended warranties – It’s the worst when you buy something awesome and it breaks just after the warranty expires. With this card, you get an automatic extension of the product’s warranty if you make the full purchase on the card.
There are some other perks you hopefully won’t need as often, like emergency card replacement if your card is lost or stolen. You can even get a quick emergency cash advance so you are not stuck in a bad situation.
VentureOne Rewards Costs and Fees
You can use the Capital One VentureOne Rewards Credit Card for free if you pay it off in full every month, as it does not have an annual fee. But there are sometimes you might run into a fee or charge from this credit card.
Balance transfers cost 3% on the amounts transferred if you transfer with a promotional rate APR. If you transfer at the regular card APR, there is no balance transfer fee.
Does It Belong in Your Wallet?
VentureOne Rewards is a great travel rewards credit card that balances good rewards with low costs, notably no annual fee. There are some other cards out there if you want more rewards per dollar, but at no annual fee, this card is a solid one.
Just make sure that if you do choose this or any other credit card that you pay it off in full every month. If you do that, you’ll see your credit score rise, avoid fees, and earn valuable miles you can use for free travel. Your biggest worry will be where you are going to visit next.