75K plus $200 in Avelo statement credits with new Capital One Venture Rewards Credit Card offer

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Avelo Airlines is a newer low-cost carrier that started up (or rebranded?) during the pandemic. I’ve seen their planes once or twice in an airport but haven’t paid much attention to them. Apparently, that’s where Capital One and I differ because, only available through the Avelo Airlines website, Capital One is offering a new welcome bonus on the Capital One Venture Rewards Credit Card that includes Avelo benefits and a statement credit for an Avelo purchase in the first year.

The Offer & Key Card Details

Card Offer and Details
Capital One Venture Rewards Credit Card
75K Miles + up to $200 in statement credits
Earn 75,000 bonus miles after $4K spend in 3 months + up to $200 in statement credits when you make an Avelo purchase in your first year + priority boarding on Avelo flights for the first year.

$95 Annual Fee

Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy.

Recent better offer: 100K: 50K after $3K in the first 3 months + 20K after $20K in the first 6 months [Expired 7/19/21]

FM Mini Review: This card earns 2 "miles" per dollar, which are worth exactly 1 cent each toward travel. This makes the return on spend similar to a 2% cash back card (though in this case you must redeem your miles to offset travel in order to get 1 cent per mile). One big advantage over cash back: Capital One allows transfering their "miles" to airline miles & hotel points.


Card Type: Visa Signature

Base
Travel
Other

Earning rate: 2X everywhere ⚬ 5X on hotels and rental cars booked via Capital One Travel

Noteworthy perks: Receive up to $100 application fee credit for Global Entry or TSA PreCheck® ⚬ Redeem miles for travel at value of 1 cent per mile ⚬ Convert "miles" to airline miles & hotel points ⚬ No foreign transaction fees ⚬ 2 complimentary visits per year to Capital One or Plaza Premium Lounges

Quick Thoughts

This offer is only different the the general public offer in that it includes priority boarding on Avelo and the statement credit when you make an Avelo purchase in the first year. In other words, there is no benefit for someone who doesn’t plan to fly Avelo.

At the same time, it doesn’t hurt to apply through this offer and we’ve replaced our best offer link with this one because if you want the Venture card you may as well open it under this offer just in case you end up buying an Avelo flight in your first year. If you do happen to live in a market served by Avelo and you fly them even occasionally, the priority boarding and statement credit could obviously be nice.

I’d rather have the Venture X card long-term since that card has better long-term value given the anniversary miles and statement credits toward Capital One Travel purchases, but I could imagine this deal being worth it for someone who could take advantage of the Avelo part of the offer.

H/T: Miles Earn and Burn

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SoberPointsGuy

Any DP of people being declined when pre-approved? C1 hasn’t been kind to me this far and I’m hesitant to burn 3 hard pulls for another rejection

Last edited 23 days ago by SoberPointsGuy
Grant

Hey Nick, here are all the destinations served by Avelo: https://en.wikipedia.org/wiki/List_of_Avelo_Airlines_destinations

They have 3 home bases: Burbank, CA; New Haven, CT; and Orlando, FL. Raleigh, NC will be a new base on February 2023. If you live or travel through those airports, this version of the Venture X could be a winner.