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- Capital One Venture Rewards Bonus
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The Capital One® Venture® credit card has an offer for 50,000 bonus miles when you spend $3,000 on purchases within the first 3 months. When you redeem towards travel, these bonus miles are worth $500.
*Capital One also tends to offer very good banking bonuses as well.
The big selling point of this card is that it earns an ongoing, unlimited 2% rate when you redeem towards travel. So, unlike a cash back credit card, you won’t get the maximum value for your rewards unless you use them for travel specific redemption. Plus, earn 10X miles on thousands of hotels at hotels.com/venture.
As of the 4th quarter of 2017 the annual fee has risen to $95 (it’s waived the first year), which is quite a jump up from the previous $59 annual fee. Without a doubt, this makes the decision process a tad more difficult. It would appear as though Capital One wants to showcase this card as a worthy competitor to the Chase Sapphire Preferred® credit card. And similar to the Sapphire Preferred® card, the Venture® card is now even available in metal. With this updated higher annual fee, it’s now even more difficult to pick the Capital One® Venture® card over its competitors.
We’ll review the bonus offer for the Venture card below.
Capital One® Venture® Bonus
The 50,000 bonus miles are going to be worth $500 if you redeem towards travel. You can redeem for past travel purchases that have been made in the last 90 days, or you can use your miles towards booking new travel. The $3,000 spending requirement is pretty standard for a bonus of this level.
You can use your miles to book your flight, car rental, or hotel. If you use your miles for past travel purchases, these categories of travel are eligible:
|Airlines||Hotels||Rail Lines||Car Rental Agencies||Limousine Services|
|Bus Lines||Cruise Lines||taxi cabs||Travel Agents||Time Shares|
The ongoing rewards rate is 2 miles for every dollar that you spend on all purchases, which equals to 2% as 100 miles is equal to $1 in travel rewards. This is a great earnings rate for a card that isn’t tied to any airline or hotel. The flexibility keeps things simple.
One of the main competitors to this card is the Barclaycard Arrival® Plus World Elite Mastercard®, which also earns 2 miles per dollar on all purchases. You’ll also be able to earn a great sign-up bonus with this choice.
For people who like to travel and keep rewards simple and flexible, the Capital One® Venture® card is worth taking a look over. Rewards are good and there are no foreign transaction fees to worry about, but the higher updated annual fee will make this card less competitive.
Earning Your 50,000 Bonus Miles
If you think you’ll have trouble meeting the $3,000 spending requirement within 3 months of approval, below are some ideas that might help out.
What’s The Competition?
Other credit cards offering bonus opportunities worth comparing to the Capital One® Venture® card include the following:
Barclaycard Arrival® Plus World Elite Mastercard® / Barclays Arrival® Premier World Elite Mastercard®
Chase Sapphire Preferred®
Citi® Double Cash
Capital One® Quicksilver® Cash Rewards
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