Capital One VentureOne Rewards
A Capital One Mastercard card with no annual fee. Here's what it pays back after that fee for three spending profiles, simulated month by month. Terms verified Oct 26, 2026.
What it's worth
5 years, the welcome offer counted when the profile's own spending reaches it, points valued for travel. Merchant credits like Uber or DoorDash aren't counted for typed profiles.
| Profile | Year 1 | Then yearly | 5 years |
|---|---|---|---|
| Everyday spender About $2,000 a month, mostly groceries and errands, one trip a year. | $750 | $450 | $2,550 |
| Balanced About $3,500 a month with a few trips a year and regular dining out. | $1,088 | $788 | $4,238 |
| Frequent traveler About $5,000 a month, heavy on flights, hotels and restaurants, some trips abroad. | $1,425 | $1,125 | $5,925 |
Your spending isn't one of our profiles. Drop in a year of statements and see where the VentureOne ranks against every card we track. They're read on this device and never uploaded.
Terms
| Term | VentureOne |
|---|---|
| Issuer and network | Capital One, Mastercard |
| Annual fee | None |
| Requires | Nothing extra |
| Welcome offer | 20,000 points after $500 in 3 months |
| Earning | 5X miles on hotels, vacation rentals and rental cars booked through Capital One Travel · 5X miles on Capital One Entertainment ticket purchases · 1.25x on everything else |
| Rewards currency | Capital One miles |
| Statement credits | None |
| Lounges | None |
| Foreign transaction fee | None |
| Authorized users | No fee |
| Availability | Open to new applicants |
| Verified | Oct 26, 2026 |
Checked against the issuer's page. Dates and sources for each part.
Fine print
- Capital One miles: 'Cover your travel purchases' (statement credit against travel charges posted in the last 90 days) and bookings on Capital One Travel redeem at 1 cent per mile (issuer terms: multiply the travel cost by 100 to get miles needed). Cash/statement credit or check not tied to travel is 0.5 cent per mile per TPG; Capital One's own terms only say rates 'vary'.
- The 5X Capital One Travel rate covers hotels, vacation rentals and rental cars only. Incidentals, upgrades and other charges outside Capital One Travel earn the standard 1.25X.
- 0% intro APR on purchases and balance transfers for 15 months, then 18.74%, 24.74% or 28.74% variable. Balance transfer fee: 3% on balances transferred in the first 15 months, then 4% on any later promotional-APR transfer, and none at the Purchase APR after that. No minimum dollar fee.
- Miles can be transferred to Capital One's airline and hotel partners (VentureOne is listed as eligible on Capital One's transfer partner guide). Most partners are 1:1. Emirates, EVA Air and Japan Airlines are 2:1.5, JetBlue is 5:3 and Accor is 2:1.
- No annual fee and no foreign transaction fee (product page).
- Since early 2026 some NEW VentureOne accounts are being issued on Capital One's Discover network (PaymentsJournal). Capital One's product data still lists the public offer as Mastercard World Elite.
History
We started tracking this card's terms on Oct 20, 2026. When Capital One changes them, what changed and what it does to each of our households will show here. Every card's changes.