This Capital One Venture Rewards Credit Card (See Rates and Fees) has long been a top travel rewards credit card with manageable annual fees, solid sign-up bonuses and a strong flat-rate earning structure. But you might not realize that this popular card also has a sister card with no annual fee: The Capital One Venture One Rewards Credit Card (See Rates and Fees).
Over the past few years, the Venture Card family has only improved, largely due to the addition of new and valuable transfer partners, improved transfer ratios and the expansion of Capital One’s airport lounge network.
Despite having similar names and similar redemption options, these two cards are geared towards different types of travelers. Below, we break down the differences to help you decide which one 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 |
|---|---|---|
| Sign up bonus | Earn 75,000 miles once you spend $4,000 on purchases in the first three months of account opening | Earn 20,000 bonus miles once you spend $500 on purchases in the first three months of account opening |
| earning rate |
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| Redemption |
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| Additional benefits |
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| Annual fee | $95 (see rates and fees) | $0 (see rates and fees) |
For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. For details of conditions and exclusions applicable see the relevant guidelines for benefits.
As you can see, there are some significant differences between the two, so let’s dive deeper into each category.
Capital One Venture Rewards Card Vs. Capital One VentureOne Welcome Bonus
New Capital One Venture One Awards Cardholders earn 20,000 bonus miles after spending $500 in the first three months of account opening. At TPG’s July 2024 valuation of Capital One miles at 1.85 cents per mile, this bonus makes it worth $370.
New Capital One Venture Awards On the other hand, cardholders will earn a whopping 75,000 miles after spending $4,000 in the first three months of account opening. According to TPG’s July 2024 valuation, this bonus is worth an impressive $1,388.
Winner: Adventure Rewards. Its welcome bonus is triple that of VentureOne.
Related: Best time to apply for these Capital One cards based on offer history
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Capital One Venture Rewards Card Vs. Capital One VentureOne Benefits
It’s not uncommon to get many benefits on cards without an annual fee, so travel and warranty protection Capital One Venture One Awards Nice to see. However, the real benefit that sets VentureOne apart is the ability to transfer miles it earns to Capital One’s full range of transfer partners without paying an annual fee (see Rates and Fees).
This Capital One Venture Awards Some also come with valuable travel access and security as well as credits for Global Entry/TSA PreCheck.
Winner: Adventure Rewards. Its added travel benefits and Global Entry/TSA PreCheck credit make it a clear winner.
Related: Is Capital One Venture Worth Its Annual Fee?
Capital One Venture Rewards Card Vs. Earn miles on the Capital One Venture One card
Both the Capital One Venture Awards And Capital One Venture One Awards Earn Capital One Venture Miles at a flat rate. Regardless of the card you choose, you can feel confident knowing you’re getting valuable rewards on every purchase without worrying about which category it falls into.
Both cards earn an impressive 5 Capital One miles per dollar spent on hotels and rental cars booked through Capital One Travel. On all other purchases, Venture Rewards earns 2 miles per dollar, while VentureOne earns 1.25 miles per dollar.
Winner: Adventure Rewards. It earns 38% more than VentureOne on daily purchases.
Related: How to Redeem Capital One Miles for Maximum Value
Capital One Venture Rewards Card Vs. Redeeming miles on the Capital One Venture One Card
Both the Capital One Venture Awards And Capital One Venture One Awards Earn full transferable capital per mile and have the same redemption options. You can get great value from any card by transferring your miles to any of Capital One’s 15-plus travel loyalty programs.
You can also redeem your miles for statement credit toward eligible travel purchases or use them to book through Capital One Travel. You can redeem your miles for cash-back or gift cards.
Winner: tie up Both cards earn transferable capital one miles and redemption options are the same.
Related: Should you transfer Capital One miles to partners or redeem them directly for travel?
Capital One Venture Rewards Card Vs. Transferring miles with the Capital One Venture One Card
do you have Capital One Venture Awards Or Capital One Venture One AwardsYour 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 managing editor Matt Moffitt particularly 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 to suit your travel habits and goals.
Winner: tie up Both cards have similar transfer options.
Related: The Ultimate Guide to Capital One Airline and Hotel Transfer Partners
Should I get Capital One Venture Rewards or Capital One Venture One?
If you focus on avoiding annual fees, then Capital One Venture One Awards (See Rates and Fees) Worth adding to your wallet for its unique ability to earn transferable miles. However, if you don’t mind paying the annual fee, you’ll get more value from the travel benefits and higher earning rates. Capital One Venture Awards (See Rates and Fees).
Related: Capital One Venture Vs. Capital One Venture Ex
How to Upgrade from the Capital One Venture One Card to the Capital One Venture Rewards Card
If you have Capital One Venture One Awards And want to upgrade to it Capital One Venture Awards, simply call the number on the back of your card and request a product change. However, note that you will lose the welcome bonus by switching products instead of applying for a new card.
Related: The Ultimate Guide to Credit Card Upgrades
Bottom line
Capital One Venture Rewards and Capital One VentureOne both earn valuable transferable miles and provide travel benefits while keeping annual fee costs low. untill As no-annual-fee cards go, you’ll be hard-pressed to find another that offers as much value as VentureOne does with its transferable miles (see rates and fees). Still, the Venture Rewards card has more than enough benefits to offset its $95 annual fee (see rates and fees).
Both are great cards and which one is better 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 Venture One Card.
Apply here: Capital One VentureOne
Apply here: Capital One Venture Awards
For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. For details of conditions and exclusions applicable see the relevant guidelines for benefits.