Capital One has launched new welcome bonuses on several of its cards today that add a $100 travel credit on top of the typical welcome offers. Apply through a friend’s referral if you’re a first-time Capital One cardholder and you may be able to earn an additional $50.
The Offers & Key Card Details
| Card Offer and Details |
|---|
 ⓘ $330 1st Yr Value Estimate$100 travel credit valued at $88, $50 statement credit valued at $50 Click to learn about first year value estimates $200 Cash Back + $50 Statement Credit + $100 Travel Credit ⓘFriend-ReferralThis is a friend-referral offer. A member of the Frequent Miler community may earn a referral bonus if you are approved for this offer $200 after $500 spend in 3 months from account opening, a $50 statement credit after making the minimum payment for 3 months, and a $100 credit for travel booked through Capital One within first cardholder year.No Annual Fee 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. FM Mini Review: While you can do better with a 2% cash back card that has no annual fee, the Quicksilver card often offers excellent discounts with popular services such as Spotify. Earning rate: 1.5% everywhere ✦ 5% on hotels and rental cars booked via Capital One Travel ✦ 5% on Capital One Entertainment through 12/31/25 Base: 1.5% Portal Hotels: 5% Card Info: Mastercard issued by Capital One. This card has no foreign currency conversion fees. Noteworthy perks: No foreign transaction fees |
| Card Offer and Details |
|---|
 ⓘ $328 1st Yr Value Estimate$100 travel credit valued at $88, $50 statement credit valued at $50 Click to learn about first year value estimates $200 Cash Back + $50 Statement Credit + $100 Travel Credit ⓘFriend-ReferralThis is a friend-referral offer. A member of the Frequent Miler community may earn a referral bonus if you are approved for this offer $200 after $500 spend in 3 months from account opening, a $50 statement credit after making the minimum payment for 3 months, and a $100 credit for travel booked through Capital One within first cardholder year.No Annual Fee 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. Earning rate: 3% on dining, entertainment, select streaming services, and purchases at grocery stores (excluding superstores like Walmart® and Target®) ✦ 8% cash back on Capital One Entertainment purchases ✦ 5% on hotels and rental cars booked via Capital One Travel (terms apply) ✦ 1% everywhere else Base: 1% Portal Hotels: 5% Grocery: 3% Dine: 3% Card Info: Mastercard issued by Capital One. This card has no foreign currency conversion fees. Noteworthy perks: No foreign transaction fees |
| Card Offer and Details |
|---|
 ⓘ $422 1st Yr Value Estimate$100 travel credit valued at $88, $50 statement credit valued at $50 Click to learn about first year value estimates 20K miles + $50 statement credit + $100 travel credit ⓘFriend-ReferralThis is a friend-referral offer. A member of the Frequent Miler community may earn a referral bonus if you are approved for this offer Earn 20,000 bonus miles once you spend $500 on purchases within the first 3 months from account opening, a $50 statement credit after making the minimum payment for 3 months, and a $100 credit for travel booked through Capital One within first cardholder year.No Annual Fee 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. FM Mini Review: Decent welcome offer for a card with no annual fee, but other cards offer better rewards for ongoing spend. Earning rate: 1.25X miles everywhere ✦ 5X miles on hotels and rental cars booked via Capital One Travel Card Info: Mastercard issued by Capital One. This card has no foreign currency conversion fees. Noteworthy perks: Redeem miles for travel at value of 1 cent per mile ✦ Convert "miles" to airline miles & hotel points |
Quick Thoughts
The travel credit added to each of the welcome offers above is of course for travel booked through Capital One Travel. That limits the utility of the credit somewhat given that it eliminates your ability to stack with a shopping portal, earn hotel points and elite credit, etc.
However, I’ve found the portal to be pretty good for flights (and I even had a positive experience with their price match process). Furthermore, Capital One has expanded access to vacation rental bookings to Quicksilver, VentureOne, and Savor cardholders, so you may have new options for using the credit.
The deal gets sweetened a bit further if you use a friend’s referral link. If you’re new to Capital One, you can earn an additional $50 statement credit from the referral offer (though note that if you have other existing Capital One consumer cards, you will not be eligible for the referral bonus).
Keep in mind the fact that Capital One cash back rewards can be converted to miles if you also have a miles-earning Capital One card (though obviously things like the travel credit and statement credit can not be converted to miles, whereas the cash back welcome bonus and cash rewards from spend on cards like the Quicksilver and Savor card can be converted to miles).
Overall, these welcome bonuses are not terribly compelling, but they might be a good fit for those who are chasing lower spending requirements.
Want to learn more about miles and points? Subscribe to email updates or check out our podcast on your favorite podcast platform.
I’m seeing an increased referral offer on the Venture card as well. 75,000 miles + a $300 credit.