Earn 40k Transferable Points With Increased Capital One VentureOne Bonus


Capital One has increased the welcome offer on the VentureOne card from 20,000 points to 40,000 points. While this isn’t an amazing card from an everyday spend perspective, the increased bonus giving 40k transferable points with a relatively low minimum spend requirement and no annual fee makes it worth consideration.

The points earned from this welcome offer will almost be enough for a one-way business class flight booked with Turkish Airlines

The Offers & Key Card Details

Card Offer and Details
Capital One VentureOne Rewards Credit Card
40K miles
Earn 40,000 bonus miles once you spend $1,000 on purchases within the first 3 months from account opening

No Annual Fee

FM Mini Review: Decent welcome bonus for a fee-free card, but other cards offer better rewards for ongoing spend.

Card Type: Mastercard


Earning rate: 1.25X everywhere ⚬ 5X on hotels and rental cars booked via Capital One Travel

Noteworthy perks: Redeem miles for travel at value of 1 cent per mile ⚬ Convert "miles" to airline miles & hotel points ⚬ No foreign transaction fees (For Capital One products listed on this page, some of the above benefits are provided by Visa(R) or Mastercard(R) and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply)

Quick Thoughts

As you can see above, the earning rate on the VentureOne card isn’t amazing. You earn 5x on hotels and rental cars booked through Capital One Travel and 1.25x on all other spend. That’s not a compelling incentive to use the card on an everyday basis, but this increased welcome offer does make the card more interesting.

That’s because it’s not often that you can earn 40,000 transferable points when spending only $1,000 in 3 months on a card that comes with no annual fee. You can find a full list of Capital One transfer partners here, but it includes programs like Turkish Miles & Smiles, Virgin Atlantic Flying Club and Air Canada Aeroplan. That means the bonus you’d earn from the VentureOne card would almost be enough for a one-way business class flight to Europe booked through Turkish Airlines, or almost 3 round-trip flights to Hawaii booked through the same program.

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Since the 40k is a rare offer, strategically maybe it’s better to get this first. The $95 card has had 100k offers before. The X pays for itself but that too had a higher offer before. Thanks for posting this.


If I already hold the Venture & the VentureX, would they even allow me to get a 3rd Venture card (the Venture One, in this case)? And would I be eligible for the sign-up bonus?


Is this worth a 5/24 slot, especially if you already have the Venture X?

Wishful thinking, but it would be interesting to see Capital One also increase the SavorOne bonus for relatively low spend. Something like $400 for $1000 spend on SavorOne.


the big question is — can one get approved? Been denied by C1 cards for P1 and P2…even after getting an invitation code. Whatever…

pre-approved list doesn’t show this card. Considering for P2.

well opened a C1 5% CD…maybe some money in C1 accounts helps…


Was just denied for the venture x (again… will I ever learn?). Curious if the venture one is easier to get or the same? I’m definitely not trying for another year with anything C1.


maybe it’s like BofA. If you have a checking/savings account with them — you can more easily open c/c. 6/24 vs 3/24 or something like that. I’ve kept $500 in a savings account there…

P2 uses BofA a lot more though.

Or US Bank – helps to have pre-existing relationship/accts (+ freezing a couple of credit bureaus…more obscure ones!).

Not sure if this is by SSN or address? P2 got C1 mailer a year or two ago – pre-approved for VentureX 70k or whatever –> denied!

P2 never had any C1 accounts.

I’ve taken advantage of C1 checking account bonuses a couple of times. Usually kept low balance in account. So maybe my “being bad” ultimately ended up getting P2 rejected?

Just started opening CDs there. 5% – 11 months. Will do a couple to few thousand dollars.

Then try opening an account at some time in near future.

Not sure if FM or any bloggers have written about this. WOuld have to check Greg’s earlier writings.

Last edited 1 month ago by whocares

No. I had a “regular” banking relationship with Capital One. Regarding credit card applications, no dice. I visited a branch to apply. No dice. They didn’t know and they didn’t care. They simply said to go online. Both my wife and I received “pre-approved” offers in the postal mail. Accepted the offers. Hard pull . . . declined. Over the course of a year, three times. What the (heck)? Never again. I no longer have a banking relationship with Capital One.


Aside from turkish hawaii, is there any other cap one transfer partner sweet spots?


Does this bonus work on product changes?


Seems like a good P2 card if you have other annual fee Venture cards and want to be able to transfer points to either player’s reward programs without paying more fees.


This. Also great if you want to convert CB from a card like the Savor/SavorOne to miles without paying an AF.