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Capital One is well-known for its straightforward credit card rewards and other convenient perks — no blackout dates, anyone? Two of its most popular travel rewards cards are the Capital One Venture Rewards Credit Card and the Capital One VentureOne Rewards Credit Card. While they have similar names, some of their benefits are distinctly different.

If you’re comparing cards, this Capital One Venture vs. VentureOne review will help you learn more about both and determine which card’s benefits are better for you.

The Capital One Venture Card has a $95 annual fee, while the Capital One VentureOne has a $0 annual fee. We think the Capital One Venture has good enough benefits to help offset its fee, but there’s no worry about any of that with the VentureOne.

Consider the Capital One Venture and VentureOne welcome offers:

• Capital One Venture: Earn 75,000 miles once you spend $4,000 on purchases within three months from account opening.

• Capital One VentureOne: Earn 20,000 bonus miles after spending $500 within the first three months.

The Capital One Venture has a much higher welcome bonus than the VentureOne. It requires more spending but isn’t above the typical spending requirement for similar travel credit cards.

These are the rewards rates for the Capital One Venture and VentureOne:

• Capital One Venture:

  • 5x miles on hotels, vacation rentals, and rental cars booked through Capital One Travel

  • 2x miles on all other eligible purchases

• Capital One VentureOne:

While similar, the Venture edges the VentureOne with its higher base earning rate of 2x miles.

The Capital One Venture and VentureOne share the same redemption options, including:

• Travel

• Entertainment

• Transfers miles to more than 15 hotel and airline partners

• Cover past travel purchases

• Cash back (mailed check or statement credit)

• Gift cards

• PayPal

• Amazon

With both the Venture or VentureOne, there are no foreign transaction fees, and you can access over 15 transfer partners from popular airline and hotel loyalty programs.

With the Venture, you can also take advantage of:

• Up to a $120 statement credit for Global Entry or TSA PreCheck application fees

• A $50 experience credit, room upgrades, and early check-in at eligible hotels

• Access to Hertz’s Five Star membership tier, offering free upgrades, a wider selection of vehicles, and more

With the VentureOne, you get an introductory APR offer:

There’s no clear winner here because it depends on your preferences and personal finance goals. If you prefer travel benefits, the Venture Rewards is better. But if you’ll get more value from a 0% intro APR period, you should go with the VentureOne.

• You want a higher rewards rate

• You can meet the spending requirements for a higher welcome offer

• You want additional benefits, such as a Global Entry or TSA PreCheck application fee credit

The Capital One Venture has a $95 annual fee and doesn’t provide a 0% intro APR offer, but it provides more benefits and earning potential. It’s an excellent everyday rewards earner and consistently has a generous welcome offer. For frequent travelers, this is likely the more appealing option.

If you want a straightforward no-annual-fee card for earning travel rewards on everyday purchases, the Capital One VentureOne is the better choice. You can also take advantage of multiple 0% intro APR offers, which you won’t find on the Capital One Venture or many travel credit cards in general.

There’s little reason to have both cards at the same time because they have such similar rewards rates and benefits. It could make sense to try and earn the welcome offer on each card (if approved after applying), but there’s not much lasting value in having both cards in your wallet.

If the Venture Rewards and VentureOne cards aren’t the right fit for you, consider these alternative credit card offers.

Why we like it: The Chase Sapphire Preferred is one of the best travel rewards credit cards because of its elevated rewards rate in everyday categories, extensive purchase and travel protections, and additional travel benefits. Chase points are also some of the most flexible travel rewards available from major card issuers.

Read our full Chase Sapphire Preferred review

Why we like it: The Capital One Venture X has a steep annual fee, but provides plenty of travel perks to help offset the card’s cost. These include airport lounge access to Priority Pass, Plaza Premium, and Capital One Lounges. An annual $300 Capital One Travel portal credit and 10,000 anniversary miles can go a long way, too.

Read our full Capital One Venture X review

Why we like it: If you want additional card benefits, including perks like airport lounge access and up to $200 in annual airline fee statement credits (enrollment required for select benefits), it doesn’t get much better than the American Express Platinum Card. This card has a $695 annual fee, but its many benefits and valuable rewards can help offset the cost each year.

Read our full Amex Platinum card review

This article was edited by Alicia Hahn

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