Plus, if you do get a metal Venture One card, it still says Capital One on it.
It's not exactly a bank associated with high rollers the way Amex and Chase are...and maybe Citi?
If you want a card with great benefits/rewards/perks, there are many that have the AF waived for the first year. Many AF cards will waive the fee if you spend enough. But great cards generally mean an AF.
AFs can really be worth it, if you have the right spending patterns and use the cards properly.