Is this different than the Venture One card, which normally has no annual fee but earns points at a lower rate (1.25 points per dollar spent, compared to 2 points per dollar with the Venture)?
I'm actually not sure what the purpose of having a Venture One card is, since I haven't found a scenario where you'd do better than the 1.5% cash back of the Quicksilver card, which has no annual fee.