Capital One Venture Welcome Offer Increased To 75,000 Bonus Miles

Capital One has increased the bonus earned from the welcome offer on the Venture card to 75,000 bonus miles, although many will still be better off going for the Venture X card instead.

The Offer & Key Card Details

Card Offer and Details

Capital One Venture Rewards Credit Card     ➥More   ⓘ $989 1st Yr Value Estimate 75K Miles Earn 75,000 bonus miles after $4K spend in 3 months $95 Annual Fee     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 2X (2.9%) Travel 5X (7.25%) Other 5X (7.25%) 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 is a solid welcome offer on a solid card. The Capital One Venture card earns 2x miles everywhere, with their miles now being transferable to more than 20 travel partners. You can also earn 5x miles on hotels and rental cars booked through Capital One Travel, as well as 5x on Turo rentals through May 16, 2023.

As you can see in the summary above, the card also comes with some other perks like a $100 application fee credit for Global Entry or TSA Precheck and no foreign transaction fees.

The thing is, if you’re interested in getting into the Capital One ecosystem, it might make more sense to apply for the Capital One Venture X card instead. Although that card has a $395 annual fee, it comes with $300 in annual credits when booking through the Capital One Travel portal. If you value those $300 credits at face value, that effectively reduces the annual fee to $95 which is the same as the Venture card, with both cards having the same welcome offer – 75,000 miles after spending $4,000 in the first three months.

The Venture X card comes with a bunch of other benefits too – Priority Pass Select lounge access, cell phone insurance, primary CDW coverage, trip delay/cancellation insurance and more. The card also earns 2x miles everywhere, as well as 5x on flights booked through the Capital One Travel portal, 10x on hotels and car rentals booked through their portal and 10x on Turo rentals through May 16, 2023. With the same welcome offer on both cards and a similar net annual fee, getting those bonus categories, perks, additional benefits, etc. via the Venture X card makes it a better choice than the Venture card for many people.