Capital One is now offering an increased welcome offer for a $300 Capital One Travel credit on top of 75,000 miles for new Venture Rewards cardholders…if they apply via a referral.
The problem with this (and many other Capital One referrals) is that the offer takes you to Capital One’s pre-approval tool. Once you go through the process, many people find that they are targeted for a different card or allowed to apply for the Venture card at the lesser 75K offer.
Essentially, although the referral link says $75K + $300, whether or not you’re actually allowed to apply for it is based on Capital One’s computers, so it’s really a targeted offer. Because of that, we’re not using it as the featured offer on our Best Offers Page, but instead listing it as an alternate offer.
The Offer & Key Card Details
| Card Offer and Details |
|---|
 ⓘ $985 1st Yr Value EstimateClick to learn about first year value estimates 75K Miles Non-AffiliateThis is NOT an affiliate offer. 75k miles after $4k spend within first 3 months$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 Card Info: Mastercard issued by Capital One. 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
This is a very compelling offer from Capital One…if you’re targeted for it. Earning 75,000 transferable miles is already a good offer, so getting an additional $300 of credit to use on Capital One Travel during your first year of card membership is excellent.
That $300 travel credit can only be used for hotels or vacation rentals. If your plan is to book a hotel stay, be aware that the hotel chain will regard the booking as an Online Travel Agency (OTA) booking, and so you likely won’t earn points, receive status benefits, etc.
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Can a venture x referral work?
I got approved for this offer today, I did the pre approval check before applying.
The $300 travel credit can only be used on “hotels and vacation rentals”
Thanks, flights shouldn’t have been in there. Fixed.
Do you need links?