Capital One Venture Rewards offers 75,000-mile bonus with new credit card

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Capital One Venture Rewards offers 75,000-mile bonus with new credit card

Research

Summer Hull Director of content | The Points Guy

By Sky Industry News

Oct 25, 2024

The Capital One Venture Rewards Credit Card is offering a welcome bonus of 75,000 miles for new cardholders who spend $4,000 within the first three months. This offer translates to approximately $1,388 in rewards according to TPG's October 2024 valuations. By meeting the spending requirement, users can earn a total of 83,000 miles, valued at $1,536.

The card provides a straightforward earning structure with 2 miles per dollar on most purchases and enhanced earnings of 5 miles per dollar on hotels, vacation rentals, and car rentals booked through Capital One Travel. It offers simplicity without the need to track bonus categories.

Cardholders have two main options for redeeming their miles: redeeming them for travel at a rate of 1 cent per mile or transferring them to over 15 partner airlines and hotels. Transfers typically occur at a 1:1 ratio but may vary with some partners.

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Additional benefits include up to a $120 statement credit for Global Entry or TSA PreCheck application fees, purchase assurance protection, trip cancellation/interruption coverage, and no foreign transaction fees. The card has an annual fee of $95.

Nick Ewen from TPG highlighted using Capital One miles effectively by transferring them to Emirates Skywards for upgrades to First Class.

Overall, while not the highest offer seen on this card, it remains attractive due to its value proposition and perks. Potential applicants are encouraged to consider this offer if they seek flexibility in travel rewards.