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The Points Guy believes that credit cards can transform lives, helping you leverage everyday spending for cash back or travel experiences that might otherwise be out of reach. That's why we publish a variety of editorial content and card comparisons: to help you find a great card to turn your goals into reality.
Our site may earn compensation when a customer clicks on a link, when an application is approved, or when an account is opened with our partners, and this may impact how or where these products appear. While we don't cover all available credit cards, our editorial team creates and maintains all of the analysis of these cards, and our content is not influenced nor subject to review by any credit card company, bank or partner prior to (or after) publication. Please view our advertising policy and product review methodology for more information.
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Transferable miles with no annual fees: The Capital One Savor Cash and VentureOne duo
Payton Turner is a University of Virginia student whose passion for all things travel has led him and his family to the far corners of the earth. While loving the luxurious life of first class, his AvGeek heart is just as happy in the back of the plane taking off on his next adventure.
March 31, 2025 • 8 min read
The cards we feature here are from partners who compensate us when you are approved through our site, and this may impact how or where these products appear. We don't cover all available credit cards, but our analysis, reviews, and opinions are entirely from our editorial team. Terms apply to the offers listed on this page. Please view our advertising policy and product review methodology for more information.Editorial disclaimer: Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.
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Quick summary
Transferable points and miles offer significant value for travelers due to their flexibility and resilience against devaluation.
Some cards without an annual fee allow users to earn transferable rewards and combine them for travel or cash-back redemptions.
Pairing a travel rewards card with a cash-back card from the same provider can maximize rewards, especially in categories like dining, groceries and entertainment.
Premium cards may offer larger bonuses and additional perks, but no-annual-fee options still provide access to valuable transfer partners and no foreign transaction fees.
What to consider
Combining rewards between certain no-annual-fee cards is possible at a set conversion rate, enhancing redemption flexibility.
Premium cards typically require higher minimum spending for bonuses but offer more perks such as travel credits and lounge access.
TPG's March 2025 valuations estimate transferable miles from these programs at 1.85 cents each.
What you'll miss from the article
A detailed comparison of no-annual-fee versus premium card duos and how to optimize redemptions for travel and cash back.
Generated by AI with support from our editorial team.
Editor's note: This is a recurring post, regularly updated with new information and offers.
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.
The no-annual-fee Capital One Savor Cash Rewards Credit Card is an ideal complement to the VentureOne because when you have 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 Savor Cash cards are among the best no-annual-fee duos for travel rewards.
Earning miles
The VentureOne card’s earnings are simple. It earns unlimited:
This duo really begins to shine when spending on dining, grocery stores (excluding superstores like Walmart® and Target®), entertainment and popular streaming services. When the rewards are transferred to VentureOne, this equates to 3 miles per dollar spent. Plus, with the VentureOne and Savor Cash duo, you'll earn at least 1.25 miles on all other purchases.
Additionally, you can transfer miles to its hotel partners, including Accor Live Limitless and Wyndham Rewards. This means 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.
The VentureOne card’s welcome bonus is 20,000 bonus miles after spending $500 within the first three months from account opening, worth $370 based on TPG’s March 2025 valuations.
The welcome bonus for the Savor Cash is a one-time $200 cash bonus after spending $500 on purchases within the first three months from account opening. When transferring the cash back to VentureOne miles, you earn 20,000 miles with the Savor.
In addition to the welcome bonus, the VentureOne and Savor Cash have no annual fees and neither card has foreign transaction fees.
Additionally, adding authorized users to the account has no additional cost, helping you earn more rewards.
Capital One offers a similar card duo with one of its more premium cards: the Capital One Venture X Rewards Credit Card and the Savor Cash card. While the first card carries an annual fee, it can easily make sense to pay that fee in exchange for the additional perks compared to the no-annual-fee options.
While the VentureOne comes with the ability to earn a welcome offer of 20,000 bonus miles once you spend $500 within the first three months from account opening, the Venture X offers 75,000 bonus miles that can be earned after spending $4,000 on purchases in the first three months from account opening. This bonus is worth $1,388 based on TPG's March 2025 valuations. This is more than three 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.
JASON FOCTHMAN/HOUSTON CHRONICLE/GETTY IMAGES
Although the Venture X has a significantly higher minimum spending requirement than its counterparts, the increase can be worthwhile if you can complete it.
The Venture X has an annual fee of $395, while the VentureOne has no annual fee. But, by not paying for the annual fees, you are missing out on some perks with only the VentureOne and Savor Cash cards.
For example, the Venture X has a $300 annual credit for bookings through Capital One Travel and a 10,000-mile yearly anniversary bonus, which alone makes 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 more miles.
Though the welcome bonuses and overall earnings on purchases are less than their premium counterparts, the Capital One VentureOne and Savor Cash 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 Savor Cash duo is a great option to access transferable rewards.
By commenting, you agree to our Community Guidelines to help create a positive space for conversation. The responses below are not provided or commissioned by the bank advertiser, our partners, or The Points Guy (“TPG”). They have not been reviewed, approved, or otherwise endorsed by any of these parties. All responses are submitted by individual contributors, and neither the bank advertiser, our partners, nor TPG are responsible for ensuring that all posts and/or questions are answered.
