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Venture Rewards Travel Card, issued by Capital One, is back with a limited-time offer.
The last offer started in July of last year and ended in September, so it's been almost 7 months since we've had an offer.
- The usual offer is to get 75,000 "miles" for spending $4,000 in 3 months, but this limited-time-offer has an addition of $250 travel credit.
- Considering that the highest sign-up bonus ever for this card was 100,000 "miles," I'd say this is pretty close to the highest offer ever.
In today's post, I've summarized the highlights of the offer, the card's key features, and what to look out for.
Table of Contents
1. Basic information
The Venture Card is a $95 annual fee card that competes directly with Chase's Sapphire Preferred Card.
The points you earn with this card are Capital One's own loyalty program called "miles".
How to use these "miles"?
- If you have the Venture card, you can transfer these "miles" to over 15 airlines, including Air Canada, Lifemiles, Turkish Airlines, and more (sometimes the ratio is 2:1.5 like EVA, but mostly it's 1:1).
- You can also use Capital One's booking portal, called Capital One Travel, to book airline tickets or hotels through the site at a rate of 1 'mile' = 1 cent.
- You can also use your Venture card on the official sites of airlines and hotels, and then use the 'miles' you have as cash to offset the amount of the purchase. It's a feature called "Cover Travel Purchases", where 1 'mile' is worth = 1 cent.
- Of course, you can cash out directly, but that's never a good idea because the value of a 'mile' is halved to 1 'mile' = 0.5 cents.
This means that the 75,000 "miles" you receive as a sign-up bonus are guaranteed to have a minimum value of $$750, assuming you use them for travel expenses.
Of course, if you transfer them to airline miles, you may be able to extract even more value depending on how you redeem them.
For example, assuming that you accrued enough "miles", you can transfer them to EVA for a business class ticket. In this case, your "miles" would worth 2-3 cents per "mile".
2. $250 travel credit
For this limited-time offer, Capital One has added $250 travel credit in addition to the 'miles'.
As to this $250 credit:
- It is issued in the form of a discount coupon to use on Capital One Travel, Capital One's own travel booking site.
- If a travel product, such as an airline ticket, costs more than $250, the entire $250 will be used at once, but if it doesn't cost more than $250, the difference will be available for future use.
- However, it's important to note that the coupon expires one year after it's issued.
- It's also worth noting that this is a one-time offer, not an annual benefit.
Capital One Venture Rewards Credit Card | |
---|---|
Signup bonuses | 75,000 'miles' + $250 credit after spending $4,000 in 3 months |
For more info | You can apply through the partner site. |
3. 2 'miles' per dollar by default, a great card for everyday use
There's one advantage to the Venture card that's worth mentioning.
The card has a default earning rate of 2 "miles" per dollar.
Of course, "miles" here refers to Capital One's own unit of points, not airline miles as I mentioned earlier.
However, these "miles" are guaranteed to be worth 1 "mile" = 1 cent when redeemed for travel expenses, so Venture's default earning rate is 2 "miles" = 2 cents per dollar.
This means that (assuming you use it for travel expenses) the 2% accrual rate is basically guaranteed.
So I'd say it's a pretty good choice for everyday use. You don't have to carry around multiple cards and do the math to maximize the value of each item.
4. Things to note
There are a few caveats to this offer.
1) Rental car insurance is secondary
Many of you may have credit card-provided rental car auto insurance, called collision damage waiver (CDW) or loss damage waiver (LDW).
For the Venture card, the CDW is secondary. It means that if I have an accident, my auto insurance will cover it first and then the rest will be picked up by the CDW. You need to be extra careful with this one.
2) Issued as Mastercard
The card is issued as a Mastercard.
Costco stores only accept Visa for credit cards, so you can't use the card in-store.
Instead, Costco online accepts Mastercard. So the following would work:
- You buy Costco's own gift certificates, Costco Shop Card from Costco online
- Then, you can use this Shop Card to purchase items from Costco physical stores.
3) Lounge benefits discontinued
Until the end of 2024, cardholders of the Venture card were offered admission to Capital One Lounge up to two times a year.
Unfortunately, this benefit ended as of January 1, 2025.
Let's wrap up today's post.
It is great news that the Venture card's sign-up bonus has gone up. With the addition of the $250 travel credit, you can easily enjoy up to $1,000 in travel bonuses.
Capital One Venture Rewards Credit Card | |
---|---|
Signup bonuses | 75,000 'miles' + $250 credit after spending $4,000 in 3 months |
For more info | You can apply through the partner site. |
However, depending on your travel patterns, spending patterns, and where you live, your card utilization will vary greatly.
So, it's probably a good idea to check out the other cards that also have limited time offers.
Featured image: 661304990 by may1985 / depositphotos
56 Comments. Leave new
Hi, I have a question...
If I create a Venture Rewards Travel Card first and open Venture X later, can I still get the sign-up bonus on both cards?
Also, if I get the Venture Rewards Travel Card sign-up bonus and close it later... If I have other Capital One cards, can I funnel points to one portal?
1. I know this is possible because the two cards are separate products.
2. we understand that this is also possible. However, please remember to transfer the points first before closing the card.
I saw the old post about EVA business ticketing and thought I should apply for it someday.... I applied today and got a mermaid! Thanks for the details!
Congratulations, mermaid.
Can I put the ripper over here?
Individual referrer links should be posted in the "About" section of the board.
Therefore, we have removed your personal link in the body of the post. Thank you for your understanding.
I just followed the link and got in, thank you. I'd be very grateful if you could put me on the list for future signups.
Congrats on the mermaid and thanks for the link.
As I mentioned in the comments earlier, I added the email addresses to the list.
It says it's for a limited time, how long will the promotion last?
There doesn't seem to be a set date yet.
Hi. I'm currently using the Chase Sharp and I'm thinking about switching because of the offer and have a few questions about the Sharp.
1. Can I use the points I have accumulated without renewing (= canceling) my Sharp card?
2. if not, is it possible to transfer sharp points to family members only (e.g. girlfriend)?
Thank you.
Downgrade to no annual fee and keep the points. I'll lose them if I cancel when all I have is the Sap.
Or transfer to Hyatt or United and cancel
Thanks for letting us know.
1. No, you lose your points when you cancel, which is why many people downgrade to a no-annual-fee card like the Freedom Unlimited card.
2. the terms say "You can move your points, but only to another Chase card with Ultimate Rewards belonging to you or one member of your household." . Since your girlfriend is not a member of your household, I don't think this is possible.
If it were me, I'd go down with the Freedom Card.
I just followed the link and got in, thank you. I'd be very grateful if you could put me on the list for future signups.
Congrats on the mermaid and thanks for the link.
Added.
I got the mermaid too, thank you
Congratulations, mermaid.
I always use venture X when I go to Korea. Is this card also fee-free when used abroad? Also, since this is a personal card, the Chase 5/24 rule does not apply when applying, but it will be included in the 5/24 counting after issuance, right?
1. yes. This card also has no foreign transaction fees.
2. correct. After the card is authorized, it starts counting 5/24.
hello
I've been living in the US for a while now, and my credit score is above 750 (FICO).
I made an offer, but it was rejected... ugh
Is there any way I can reapply or get it?
The Capital One card is a bit of a challenge ;);
hello!
We'd love to put you on the list for future signups.
Added.
I followed the link and got the app.
Thank you
Congratulations on the approval and thanks for using the link.
Thanks for the great information!
Is it possible to apply for another card while Venture is pre-provisioned and hit it hard? I was wondering if I can get Venture rejected if another card is drawn while I'm pre-purposed!!!
If you have a different card company, this shouldn't be a problem, but do it at your own risk.
I just followed the link and got in, thank you. Could you please add me to the signup list?
Congrats on the mermaid and thanks for the link.
Added.
Hi, I'm always very informed...
If you don't mind, I'd appreciate being put on the list for future signups.
Added.
hello. I too am always well informed.
I would be grateful if you could put me on the list for future signups.
Added.
Hi! Thank you for the information.
Do you think you could put me on the list for future signups?
Added.
P2 P3 I'm trying to refer, but it says 100k signup bonus, but it doesn't say +250 credit, so I'm guessing it's only 100k points, right? It's better to get 7.5k+250 than 100k, right?
Yes. I don't think there's a 250 for 100k, I thought you had to choose between 100k or 7.5k + 250. I think you also need to remember that the 100k offer has an additional $1,000 spend requirement.
Can I transfer Venture miles to Delta?
Thank you as always.
I tried moving it to virgin first, then to delta from virgin, then to delta from virgin.
I should move it. I'm a complete beginner, so I asked too easy a question, ^^.
You don't transfer directly from Virgin to Delta, you use Virgin miles to book a Delta or Korean Air ticket.
Oh, I see.
I'm confused because I've been studying it a bit but haven't tried it myself.
Thank you for your valuable reply.
We're glad you found this helpful.
I can't. My understanding is that Delta miles can only be converted to Amex MR.
Yes, I'm learning well.
Keep up the good work and thank you.
Hi I always appreciate the good information you provide.
I'd be grateful if you could add me to the list.
Added.
hello,
We'd love to put you on the list for future signups!
Added.
I've been in the US for a year now, and I've gotten a lot of information from Milemoa.
I had the last slot open for the 5/24 and was waiting for a good Chase Sapphire Card offer, but with offers like this and the Venture Card utilization, is it worth filling the 5/24 over the Sapphire Card...?
Additionally, we'd really appreciate it if you could put us on your signup list!
I'm told there will be a Sharp offer coming soon, so you may want to wait a bit longer. If you get Sharp and can afford to spend, you can get Venture.
We've added it to the list.
Hi, I'm always watching and learning from your valuable information. I would really appreciate it if you could add me to the list of future members.
Added.
I got the card approved and started using it, but my purpose was to get 75000 miles, convert them to Korean Air miles, and use the miles to buy tickets when I visit Korea next year, but Korean Air is not included in the mile transfer... ㅠㅠ
I'd really appreciate it if you could let me know if there is any way to do this.
You can transfer to Virgin and ticket on Korean Air. However, you'll need to look very far in advance as mileage availability is not great, and you won't be able to fly during Korean Air's peak season.
Thanks so much for the info - I'll have to give it a go! I'd love to be on your list for future signups.