This Capital One Venture Rewards Credit Card A great choice for beginners and experts who want an easy way to earn miles without much effort.
For a limited time, the card offers new applicants the chance to earn 75,000 bonus miles and a $250 Capital One travel credit after spending $4,000 on purchases in the first three months after account opening.
If you are thinking of applying for this card, now is the time to do it.
Here’s what you need to know about the current Capital One Venture Rewards offer.
Capital One Venture Rewards Welcome Offer
This Capital One Venture Awards There is currently a limited-time welcome offer of 75,000 bonus miles and $250 Capital One Travel Portal credit to be used in the first year after spending $4,000 on purchases in the first three months of account opening.
This offer will net you $1,638 (per TPG’s July 2024 valuation) in rewards after meeting a very modest spending requirement — a solid return on everyday spending and some significant travel perks. It takes into account the value of 75,000 bonus miles and Capital One Travel Portal credit together.
And it’s possible to squeeze significantly more value out of that bonus if you know how to redeem Capital One miles for maximum value, thanks to their impressive roster of transfer partners. Regarding travel credit, it can be applied to flights, hotel reservations and car rentals booked through Capital One Travel. Since this card earns 5 miles per dollar spent on hotels and car rentals booked through Capital One, it would be a great way to maximize this travel credit.
One thing to keep in mind is that this travel credit expires on your next card anniversary, so be sure to use it before then.
This offer is very close to the best welcome offer we’ve seen on this card.
Daily newsletter
Reward your inbox with the TPG Daily Newsletter
Join over 700,000 readers for the latest news, in-depth guides and exclusive deals from TPG’s experts
Note that this welcome bonus is the same as the premium Capital One Venture X Rewards Credit Card Minus $250 travel credit. As a result, be sure to crunch the numbers to make sure a standard Venture Rewards card still makes the most sense for your situation.
Related: Best Capital One Credit Cards
Earning capital a mile
This card earns a flat 2 miles per dollar on most purchases. So, by spending $4,000 on it to get the welcome bonus, you’ll earn a total of 83,000 miles in the first few months. That bumps the total value of your miles after earning the bonus up to $1,786, based on TPG’s valuation.
Plus, you can earn more on those purchases, as the Venture Rewards Card offers 5 miles per dollar spent on hotels and car rentals booked through Capital One Travel.
Related: Why I Keep the Capital One Venture Rewards Card in My Wallet
What can Capital One Mile get you?
Your total value from this sign-up bonus depends on how you redeem your miles. There are two ideal options:
- Redeem for 1 cent each towards travel
- Redeem with transfers at Capital One’s 15-plus partner airlines and hotels
When converting your miles to hotel points or airline miles, most partners offer a 1:1 transfer ratio, although a couple unfortunately transfer at a 2:1 or 2:1.5 ratio.
If you don’t want to transfer your miles to these partners, you can always redeem your miles to “pay” for travel charges made on the card. This redemption can be very easy in a world where you’re renting RVs, booking vacation home rentals, or securing a cabin closer to home more often than hopping on a flight to the other side of the world.
TPG senior editorial director Nick Ewen transferred 117,000 capital one miles to Emirates Skywards to upgrade himself and two family members to Emirates first class. This breaks down to 39,000 miles per person, which is a reasonable upgrade cost.
Related: Capital Cash in a Mile? How to get maximum value when redeeming miles
Other venture reward benefits
This Capital One Venture Awards Doesn’t offer the same benefits as more premium travel rewards cards, including its upscale sibling. Capital One Venture X Rewards Credit Card. But for its modest $95 annual fee (see Rates and Fees), Venture Rewards provides some useful benefits:
Related: Chase Sapphire Preferred Vs. Capital One Venture Rewards: Which $95 Card Should You Get?
Bottom line
With the ability to transfer miles to travel partners or use miles to cover the cost of travel charges you want, 75,000 miles is a very solid bonus for a card that has improved its value proposition and benefits over the years. While this isn’t the best offer we’ve ever seen on a Venture Rewards card, it meets our threshold for it being a good time to apply.
To learn more, read our Full review of the Capital One Venture Rewards Card.
Apply here: Capital One Venture Rewards Credit Card
Related: Capital One Venture Rewards Vs. Capital One VentureOne: Where Should You Venture?
For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. For details of conditions and exclusions applicable see the relevant guidelines for benefits.
For Capital One Venture Rewards rates and fees, click here