Starting Jan. 1, 2025, both cards will lose free access to airport lounges, so current cardholders should use their two complimentary passes by Dec. 31, 2024. After that, cardholders must pay a special rate of $45 per visit – compared with the standard rate of $65 for non-cardholders – for themselves and their guests to access Capital One Lounges.

The Capital One VentureOne provides a straightforward approach to earning travel rewards without an annual fee, though its earning potential is limited compared to premium travel cards.

While the Capital One VentureOne Card is a solid no-annual-fee option, other travel cards can offer higher rewards.

The Capital One VentureOne Rewards Credit Card offers a feature few other rewards cards offer: miles that can be transferred to airline and hotel partners for no annual fee. Avid rewards collectors know that transferable points and miles offer the best chance for getting outsized value from credit card rewards,

Unlike typical credit cards that reward spending, the Capital One Smart Rewards Mastercard rewards you for making payments instead. While it has some limits on maximizing rewards, it’s a great entry-level card for anyone who wants to build or improve their credit and wants an extra incentive to keep their balance at zero.