Transferable miles with no annual fees: The Capital One SavorOne and VentureOne duo
Transferable points and miles are among the most valuable currencies for travel rewards due to their versatility and resistance to devaluation. The ability to transfer rewards to multiple loyalty program partners reduces the impact of any one program’s devaluation.
Some popular transferable currencies include American Express Membership Rewards and Chase Ultimate Rewards. The issue for some is that obtaining and using these rewards requires holding a card with an annual fee, such as The Platinum® Card from American Express (see rates and fees) or Chase Sapphire Reserve, respectively (keep in mind, though, that not all annual fees are bad).
In Capital One’s portfolio of cards, there is an often overlooked card with no annual fee that still has transferable rewards: the Capital One VentureOne Rewards Credit Card.
The no-annual-fee Capital One SavorOne Cash Rewards Credit Card is an ideal complement to the VentureOne because when you have both travel rewards and cash-back cards from Capital One, you can move rewards between the cards at a ratio of 1 cent to 1 mile. This means that you can benefit from excellent cash-back earning potential while still being able to transfer to partners.
Here’s why the Capital One VentureOne and SavorOne rewards cards coupled together are one of the best no-annual-fee duos for travel rewards.
Earning miles
The VentureOne card’s earnings are simple. It earns an unlimited 1.25 miles per dollar on every purchase and an increased 5 miles per dollar on hotels and rental cars booked through Capital One Travel.
Spending on restaurants, grocery stores, entertainment and popular streaming services, which earn 3% cash back with the SavorOne card, is where this duo really begins to shine. This equates to 3 miles per dollar when the rewards are transferred to the VentureOne.
Additionally, through Nov. 14, 2024, cardholders earn 10% cash back (10 miles per dollar) on Uber or Uber Eats purchases.
Related: The best credit cards for dining
Redeeming miles
One of the biggest perks of the no-annual-fee VentureOne is the ability to transfer to partners as an alternative to cashing out via check or statement credits with the SavorOne. This allows you to either transfer miles or earn cash back when one presents a better value than the other.
TPG values Capital One miles at 1.85 cents each thanks to its valuable transfer partners, including Singapore Airlines KrisFlyer and British Airways Executive Club. The latter can be used to fly to and from London in style or for American Airlines domestic flights.
Additionally, you can transfer miles to its hotel partners, including Accor Live Limitless and Wyndham Rewards. Overall, this means that you can use your rewards from these two cards to redeem for flights and hotel stays and then cover any remaining taxes or fees with the cash back.
Related: Why Wyndham is now my new favorite Capital One transfer partner
Welcome bonuses without the fees
The VentureOne card’s sign-up bonus is 40,000 miles after you spend $1,000 on purchases in the first three months from account opening.
The sign-up bonus for the SavorOne card is $200 cash back after you spend $500 in the first three months from account opening. When transferring the cash back to VentureOne miles, you earn the same 20,000 miles on both cards.
After completing the minimum spending requirement for both cards, the combined bonuses will yield 40,000 Capital One miles, worth $740 by TPG’s valuations.
In addition to the welcome bonus, the VentureOne and SavorOne have no annual fees. Furthermore, neither card has foreign transaction fees. To help earn more rewards, there is no fee to add authorized users to the account.
Related: The best no-annual-fee credit cards
Alternative options
Capital One does offer a similar card duo with two of its more premium cards: the Capital One Venture X Rewards Credit Card and the Capital One Savor Cash Rewards Credit Card. And while these two cards both have annual fees, it can easily make sense to pay those fees in exchange for the additional perks compared to the no-annual-fee options.
While the VentureOne comes with a welcome offer of 40,000 miles after spending $1,000 in the first three months, the Venture X offers 75,000 miles after spending $4,000 within the first three months from account opening. This is almost four times as many miles from the welcome offer alone and can easily help to fly a family rather than an individual, or it can enable you to fly in business class rather than economy.
The same is true for the SavorOne versus the Savor, which earns a $300 welcome bonus after spending $3,000 within the first three months rather than a $200 bonus for spending $500 in the same timeframe. Although both the Venture X and Savor cards have significantly higher minimum spending requirements than their counterparts, the increase can be worthwhile if you can complete it.
The Venture X has an annual fee of $395 while the Savor's annual fee is $95. But, by not paying for the annual fees, you are missing out on some perks with only the VentureOne and SavorOne cards.
For example, the Venture X has a $300 annual travel credit and a 10,000-mile yearly anniversary bonus, which alone make up for the annual fee. Alternatively, the increased spending multiplier of 2 miles on every purchase instead of 1.25 miles on the VentureOne will help accrue many more miles.
This is in addition to the more luxurious perks of the Venture X, such as lounge access around the world and up to $100 in statement credits for TSA PreCheck or Global Entry.
The Savor operates similarly, offering 4 miles for every dollar spent at restaurants and on entertainment, compared to the 3 miles per dollar with the SavorOne.
The information for the Capital One Savor Cash card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.
Related: 12 ways to meet the spending requirements and earn the bonus on a new card
Bottom line
Though the sign-up bonuses and overall earnings on purchases are less than their premium counterparts, the Capital One VentureOne and SavorOne Rewards cards still offer no foreign transaction fees and the ability to combine and transfer miles to the same amazing partners.
For those looking for no-frills cards that will allow them to travel inexpensively, the VentureOne and SavorOne duo is a great option to access transferable rewards.
Top offers from our partners
How we chose these cards
TPG featured card
Rewards
| 3X | Earn 3X Miles on Delta purchases and purchases made directly with hotels. |
| 2X | Earn 2X Miles at restaurants worldwide, including takeout and delivery in the U.S. and at U.S. supermarkets. |
| 1X | Earn 1X Miles on all other eligible purchases. |
Intro offer
Annual Fee
Recommended Credit
Why We Chose It
Build your loyalty to Delta by applying for the carrier's mid-tier card option, the Delta SkyMiles Platinum card. The annual fee is quickly recouped by the card's travel perks, such as an application credit to Global Entry or TSA Precheck, annual companion certificate and so much more. Plus you can fast-track to elite status simply through card spend.Pros
- Earn bonus Medallion® Qualification Miles (MQMs) and an Medallion Qualifying Dollar (MQD) waiver when you hit specific spending thresholds with your card within a calendar year
- Receive a Domestic Main Cabin round-trip companion certificate each year
- Statement credit for TSA PreCheck/Global Entry fee (up to $100)
- First checked bag free
Cons
- Doesn't make sense if you don't fly Delta
- SkyMiles aren't the most valuable airline currency
- Earn 90,000 bonus miles after you spend $4,000 in purchases on your new Card in your first 6 months.
- Receive a Domestic Main Cabin round-trip companion certificate each year upon renewal of your Card. Payment of the government imposed taxes and fees of no more than $80 for roundtrip domestic flights (for itineraries with up to four flight segments) is required. Baggage charges and other restrictions apply. See terms and conditions for details.
- Enjoy your first checked bag free on Delta flights. Plus enjoy Main Cabin 1 Priority Boarding and settle into your seat sooner.
- New: Card Members get 15% off when using miles to book Award Travel on Delta flights through delta.com and the Fly Delta app. Discount not applicable to partner-operated flights or to taxes and fees.
- Earn 3X Miles on Delta purchases and purchases made directly with hotels.
- Earn 2X Miles at restaurants worldwide including takeout and delivery in the U.S., and at U.S. supermarkets.
- Earn 1X Mile on all other eligible purchases.
- Enjoy a per-visit rate of $50 per person for Card Members and up to two guests to enter the Delta Sky Club when traveling on a Delta flight.
- Fee Credit for Global Entry or TSA PreCheck® after you apply through any Authorized Enrollment Provider. If approved for Global Entry, at no additional charge, you will receive access to TSA PreCheck.
- Earn up to 20,000 Medallion® Qualification Miles (MQMs) with Status Boost® per year. After you spend $25,000 in purchases on your Card in a calendar year, you can earn 10,000 MQMs up to two times per year, getting you closer to Medallion® Status. MQMs are used to determine Medallion® Status and are different than miles you earn toward flights.
- No Foreign Transaction Fees.
- $250 Annual Fee.
- Terms Apply.
- See Rates & Fees
Rewards Rate
| 3X | Earn 3X Miles on Delta purchases and purchases made directly with hotels. |
| 2X | Earn 2X Miles at restaurants worldwide, including takeout and delivery in the U.S. and at U.S. supermarkets. |
| 1X | Earn 1X Miles on all other eligible purchases. |
Intro Offer
Earn 90,000 bonus miles after you spend $4,000 in purchases on your new Card in your first 6 months.Earn 90,000 Bonus Miles50,000 Bonus MilesAnnual Fee
$250Recommended Credit
Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.670-850Excellent/Good
Why We Chose It
Build your loyalty to Delta by applying for the carrier's mid-tier card option, the Delta SkyMiles Platinum card. The annual fee is quickly recouped by the card's travel perks, such as an application credit to Global Entry or TSA Precheck, annual companion certificate and so much more. Plus you can fast-track to elite status simply through card spend.Pros
- Earn bonus Medallion® Qualification Miles (MQMs) and an Medallion Qualifying Dollar (MQD) waiver when you hit specific spending thresholds with your card within a calendar year
- Receive a Domestic Main Cabin round-trip companion certificate each year
- Statement credit for TSA PreCheck/Global Entry fee (up to $100)
- First checked bag free
Cons
- Doesn't make sense if you don't fly Delta
- SkyMiles aren't the most valuable airline currency
- Earn 90,000 bonus miles after you spend $4,000 in purchases on your new Card in your first 6 months.
- Receive a Domestic Main Cabin round-trip companion certificate each year upon renewal of your Card. Payment of the government imposed taxes and fees of no more than $80 for roundtrip domestic flights (for itineraries with up to four flight segments) is required. Baggage charges and other restrictions apply. See terms and conditions for details.
- Enjoy your first checked bag free on Delta flights. Plus enjoy Main Cabin 1 Priority Boarding and settle into your seat sooner.
- New: Card Members get 15% off when using miles to book Award Travel on Delta flights through delta.com and the Fly Delta app. Discount not applicable to partner-operated flights or to taxes and fees.
- Earn 3X Miles on Delta purchases and purchases made directly with hotels.
- Earn 2X Miles at restaurants worldwide including takeout and delivery in the U.S., and at U.S. supermarkets.
- Earn 1X Mile on all other eligible purchases.
- Enjoy a per-visit rate of $50 per person for Card Members and up to two guests to enter the Delta Sky Club when traveling on a Delta flight.
- Fee Credit for Global Entry or TSA PreCheck® after you apply through any Authorized Enrollment Provider. If approved for Global Entry, at no additional charge, you will receive access to TSA PreCheck.
- Earn up to 20,000 Medallion® Qualification Miles (MQMs) with Status Boost® per year. After you spend $25,000 in purchases on your Card in a calendar year, you can earn 10,000 MQMs up to two times per year, getting you closer to Medallion® Status. MQMs are used to determine Medallion® Status and are different than miles you earn toward flights.
- No Foreign Transaction Fees.
- $250 Annual Fee.
- Terms Apply.
- See Rates & Fees