Capital One enhanced the welcome offer on the Venture Rewards card yesterday. You’ll still earn 75,000 miles after spending $4,000 in the first three months of card membership, but you’ll now also receive a $250 Capital One Travel credit upon approval that’s valid for 12 months.
The Offer & Key Card Details
| Card Offer and Details |
|---|
 ⓘ $1205 1st Yr Value Estimate$250 travel credit valued at $220 Click to learn about first year value estimates 75K Miles + $250 Capital One Travel credit 75k miles after $4k spend within first 3 months + $250 to use on Capital One Travel in your first cardholder year$95 Annual Fee Alternate Offer: Alternate offer for 75k miles + $300 travel credit available for some via referral pre-approval Information 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: 75k miles after $4k spend within first 3 months + a one-time $250 Capital One Travel credit to use in your first cardholder year 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. Click here for our complete card review Earning rate: 2X miles everywhere ✦ 5X miles on hotels, vacations rentals and rental cars booked via Capital One Travel ✦ 5X miles on Capital One Entertainment Card Info: Mastercard issued by CapOne. This card has no foreign currency conversion fees. Noteworthy perks: Receive up to $120 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 |
Quick Thoughts
Earning 75,000 bonus miles after $4,000 spend in the first three months was already a solid offer for this card, so it’s great that you now also get $250 to spend on the Capital One Travel portal when you’re approved for the card which is valid for 12 months.
A nice thing about this credit is that it’s not restricted to only being redeemable for hotels or only for flights. Instead, you can redeem it for flights, hotels, car rentals, vacation rentals, activities, etc. – anything you can book via Capital One Travel.
The small print of the credit is customer-friendly too:
The Credit may be used in whole for a single purchase or in part over multiple purchases. Rewards will not be earned on the Credit. If the purchase using the Credit is canceled before Credit expiry, the Credit will be restored. An expired Credit will not be restored upon cancellation of a purchase by the Customer. A Venture card account must be open and in good standing to receive or use the Credit.
The fact that you can use it for more than one booking and that it’ll be restored if you have to cancel a reservation is better than if you lost the credit after cancelling something (although not as good as keeping the credit after a cancellation).
If you have a Venture Rewards card already, you might be able to refer to this increased welcome offer if someone you know wants to apply for the card.
If you are approved for this card, keep an eye out for a targeted offer awarding 20x miles on your first Capital One Travel booking.
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Is the $250 travel credit, every year? Or just for the sign up bonus?
It’s just part of the welcome bonus
I can’t get this offer if I got a bonus on the VentureX within the last 48 month, right?
“You are not eligible for this product if you have received a new cardmember bonus for the Capital One Venture card or the Capital One Venture X card in the past 48 months.”