Analysis: Capital One Venture Credit Card vs. Capital One VentureOne Credit Card

If you spend money on Hotels.com, you might want to consider the Capital One Venture or the Capital One Venture One Credit Card. As a reminder, I typically recommend going for Chase credit cards first due to the 5/24 rule and then going for other cards.

Capital One Venture

  • Annual fee: $95, waived the first year
  • Signup bonus: 50,000 miles after $3,000 in spend within the first 90 days
  • Earn 10X miles at hotels.com
  • Earn 2X miles all other purchases
  •  $100 Global Entry/TSA PreCheck credit

Capital One Venture One

  • Annual fee: $0
  • Signup bonus: 20,000 miles after $1,000 in spend within the first 90 days
  • Earn 10X miles at hotels.com
  • Earn 1.25X miles on all other purchases

Analysis: Capital One Venture vs. Capital One VentureOne

Instructions:

  1. Download your own version of the spreadsheet here: http://bit.ly/2BQkK7W
  2. Edit the numbers in the YELLOW cells

Annual fee

The Capital One Venture card's $95 annual fee is waived the first year. The Capital One VentureOne card does not have an annual fee.

Put an "X" to indicate if you plan on using the miles earned on travel or cash back and gift cards. 

Signup bonus

To get the Venture signup bonus, you'll need to spend $3,000 within the first 3 months of account opening to earn 50,000 miles. Assuming you're spending the miles on travel, the signup bonus is worth $500.

The VentureOne card has a 20,000 miles signup bonus after you spend $1,000 in the first 3 months of account opening. The signup bonus is worth $200 if you redeem the miles for travel. 

Spend-based miles

Both the Venture and VentureOne cards earn 10x back on hotels.com. Enter the amount you'll spend on hotels.com and everywhere else in the YELLOW cells. 

Important note: You must reserve your hotels through https://www.hotels.com/venture for the purchase to qualify for 10x. 

Optimal strategy

For most people, it makes sense to start off with the Venture card and then product change to the VentureOne card in Year 2. 

Breakeven analysis

VentureOne = Venture
0.0125x = 0.02x - 95
95 = 0.0075x
x = 12,667

This is assuming you redeem miles towards travel at 1 cent per point. If you redeem for cash back, x = $25,333.

If your spend is greater than $12,667, then you should keep the Venture card after Year 1.

If your spend is less than $12,667, then you should product change to the VentureOne after Year 1. 


Editorial Note: Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airlines or hotel chain, vendors or companies, and have not been reviewed, approved, or otherwise endorsed by any of these entities. 

UGC disclosure: These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.