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If you're seeking a travel credit card with no annual fee that earns flexible rewards, two top options are the Capital One VentureOne Rewards Credit Card or the Citi Rewards+® Card.
The Capital One VentureOne is sporting a 20,000-mile bonus, while the Citi Rewards+ features a solid 20,000-point offer. Those aren't the best credit card offers around, but both are solid bonuses for no-annual-fee transferrable rewards cards.
In this post, we compare the signup bonus, earning rates, and benefits of these popular rewards cards to help you decide which card deserves a spot in your wallet.
Page Contents
Highlights of the Capital One VentureOne Rewards Credit Card
- Earn 20,000 Miles once you spend $500 on purchases within 3 months from account opening; worth $200 in travel if redeemed for a fixed-value, or potentially much more when transferred to airline partners
- 1.25 Miles on every purchase
- 0% intro APR on purchases for 15 months; 19.24% - 29.24% variable APR after that
- No foreign transaction fees
- $0 annual fee
- 5 Miles per dollar on hotels and rental cars booked through Capital One Travel
- 5 Miles per dollar on purchases through Capital One Entertainment (through 12/31/2025)
- 1.25 Miles per dollar on every purchase, every day.
The Capital One VentureOne currently offers a bonus of 20,000 miles. You can instantly redeem 20,000 Venture miles for $200 worth of travel expenses. But the real value comes from transferring those miles to one of 19 airline and hotel partners. This can provide a much higher value — especially when redeemed for business-class flights.
And here's the best part: The Capital One VentureOne is one of the only cards that allows you to transfer rewards to travel partners without needing a companion card that charges an annual fee.
So not only can you earn great rewards, you also can use them to their fullest potential without any annual fee.
Card highlights include:
- Minimum 1.25 Venture Miles on every purchase.
- Earn 5X miles on hotels and rental cars booked through Capital One Travel.
- Transfer miles to 19 airline and hotel partners. Miles transfer to 16 of these partners at a 1:1 transfer ratio — and typically immediately.
- Redeem miles for a fixed value of 1¢ per mile towards any travel purchase you made in the past 90 days.
- 0% intro APR on purchases and 0% intro APR on balance transfers for 15 months; 19.24% - 29.24% variable APR after that; Balance transfer fee applies fee on the amounts transferred within the first 15 months.
- No foreign transaction fees.
- $0 annual fee.
The Capital One VentureOne delivers a lot of value for a no-annual-fee card, but you can get more robust rewards from a Venture Card that charges an annual fee.
Highlights of the Citi Rewards+® Card
- 2X ThankYou® Points at supermarkets and gas stations for the first $6,000 per year and then 1X Points thereafter
- 1X points on all other purchases
- Automatically rounds up to the nearest 10 points on every purchase - with no cap
With the Citi Rewards+® Card, you can earn a solid signup bonus of 20,000 bonus points after you spend $1,500 in purchases with your card within 3 months of account opening.
In addition to its unique earning rate, this no-annual-fee card has a standout feature that sets it apart from other reward cards: a 10% points rebate on redeemed points — up to 10,000 points annually.
Card highlights include:
- 10% points back for the first 100,000 points redeemed each year. That's up to 10,000 points back.
- Intro 0% APR on purchases for 15 months, then an APR of 17.74% - 27.74% (Variable).
- Intro 0% APR on balance transfers for 15 months, then an APR of 17.74% - 27.74% (Variable). There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5)
- Earn 5X ThankYou Points on attractions, hotels, and car rentals in the Citi TravelSM portal through December 31, 2025.
- Earn 2X points at supermarkets and gas stations for the first $6,000 per year in combined purchases, then 1X.
- Every transaction is rounded up to the nearest 10 points, making it the ideal card for small purchases.
Which Card Delivers More Value to Cardholders?
- 5 Miles per dollar on hotels and rental cars booked through Capital One Travel
- 5 Miles per dollar on purchases through Capital One Entertainment (through 12/31/2025)
- 1.25 Miles per dollar on every purchase, every day.
- 2X ThankYou® Points at supermarkets and gas stations for the first $6,000 per year and then 1X Points thereafter
- 1X points on all other purchases
- Automatically rounds up to the nearest 10 points on every purchase - with no cap
The Capital One VentureOne Rewards Credit Card delivers a better long-term value proposition than the Citi Rewards+ as a standalone card. It allows you to transfer to partners without a companion card, charges no foreign transaction fee, and features an excellent 0% introductory APR offer.
However, the Citi Rewards+ is an excellent choice if you are already invested in the ThankYou Rewards ecosystem and hold a card that lets you transfer points to airline and hotel partners. The 10K points rebate can provide hundreds of dollars in value annually without paying an annual fee, making it an excellent companion card to the Citi Double Cash® Card and Citi Strata Premier℠ Card. In fact, the points rebate even works with points redeemed from those other cards, as long as your rewards accounts are linked.
Final Thoughts
If you're looking for a travel credit card with no annual fee, the Capital One VentureOne and the Citi Rewards+ offer great rewards. However, the better choice will depend on your specific needs and the other cards you have in your wallet.
As a standalone travel card, the Capital One VentureOne is the better choice over the long term. Meanwhile, the Citi Rewards+ is a must-have for cardholders who are already invested in the ThankYou Rewards ecosystem.
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