40,000 Miles ($400) With the Capital One Venture Card

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Thanks to Million Mile Secrets Reader, Tammy, for letting me know about the higher sign-up bonus for the Capital One Venture Card.

You can get 40,000 miles when you spend $3,000 within 3 months on the card.  The old sign-up bonus was only 20,000 miles.  We don’t get a commission for any of the Capital One cards, but that doesn’t mean we shouldn’t tell you about offers!

Capital One Venture Card

Link:   Capital One Venture

When you sign-up for the Capital One Venture card and complete the minimum spending you earn 40,000 miles.

Here are some additional benefits that come with this card:

  • 2X miles on every purchase
  • NO foreign transaction fees
  • $59 annual fee waived for the 1st year

How Can You Use Capital One Venture Miles?

Capital One Venture miles are worth 1 cent per mile.  So the 40,000 mile sign-up bonus is worth $400 in travel.  You can use your miles as a credit towards most travel purchases you make on your card including airfare, hotels, bed and breakfasts, rental cars, and more.

For example, you could use your miles to stay at the Youngberg Hill Vineyards & Inn in Oregon’s Willamette Valley…

Earn 40000 Miles 400 With The Capital One Venture Card

You Can Use Your Capital One Venture Miles at Chain Hotels or Independent Lodging Such as Youngberg Hill Inn in Oregon’s Wine Country

…or take a cruise.

Earn 40000 Miles 400 With The Capital One Venture Card

You’ll Receive a Statement Credit When Using Capital One Venture Miles for Your Norwegian Cruise Line Excursion Through the Greek Islands

Should You Sign-Up for This Card?

With the Capital One Venture card, you earn 2X miles on every purchase.

Capital One Venture miles are also very flexible.  You can use your miles as a statement credit for most travel purchases.  So you can book your travel on any site and you don’t have to worry about blackout dates.

Additionally, you can use your miles for travel categories that aren’t typically covered traditional mile and points, such as car services like Uber, cruises, and trains.  So if you enjoy having some flexibility this could be a great card for you.

Earn 40000 Miles 400 With The Capital One Venture Card

After You Use Your $30 Credit for Using My Uber Link, You Can Still Ride Uber for Free With Your Capital One Venture Miles!

However, a drawback to the Capital One Venture card is they pull your credit score from all 3 credit bureaus.  If you apply for lots of cards or have a blemish on your report with 1 of the credit bureaus, you may want to consider a different card.  Other banks typically pull your credit score from only 1 credit bureau.

I prefer the Barclaycard Arrival Plus card over the Capital One Venture card because you get the same flexibility.  And when you complete the minimum spending on the Barclaycard Arrival Plus card, you earn 40,000 Arrival miles which is worth ~$420 in travel.

You should get a credit pull (inquiry) with only 1 credit bureau, plus you earn a slightly higher 2.1% back as a statement credit on travel purchases.

Bottom Line

When you sign-up for the Capital One Venture card and complete the minimum spending, you will get 40,000 miles.  You can use your miles as a $400 credit towards travel.

This is great for folks who like flexibility.  You can use your miles as a statement credit towards almost any travel purchase and you don’t have to worry about blackout dates.

However, when you apply, there will be 3 credit pulls instead of one.  So this may not be a good choice if you apply for lots of credit cards.

While this is a great card, I still prefer the Barclaycard Arrival Plus because they only pull your credit report from 1 credit bureau and you earn 2.1% back on travel.  But if you’re running out of cards…

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14 responses to “40,000 Miles ($400) With the Capital One Venture Card

  1. Hi,
    Is there a limitation in this card for repeat application ? I had this card last year (got only 10000 points bonus though) and I have recently canceled the card for avoiding the annual fee. I would appreciate your response.

  2. The 40,000 miles that are received upon meeting the minimum spend, can these miles be transferred “as miles” to an airline mileage program? Or can the miles only be used as statement credit toward this credit card? Thank you.

  3. Another huge difference between this and the arrival, with the venture you cannot redeem for partial credit. You need to be able to cover the entire expense or nothing at all

  4. My wife got a targeted 50k offer earlier this year for the Venture and we jumped on it.

  5. Hi Daraius, thanks for all the research & info you share on your awesome blog! My question has to do with using the Hilton gold status from the Citi Hilton card to do a Hyatt diamond challenge. We will be staying at the Andaz Maui for 6 nights, all on points. Can we do a diamond challenge on this award stay? And would they give us the $45 breakfast buffet for free? Sounds too good to be true! Thank you so much for this blog.

  6. I didn’t know this was news. TheFrequentMiler had this up last month on his site. “We landed on the moon!”

  7. Is this card churnable? T&C says existing cardholder MAY not eligible for this bonus offer.

  8. Hi Darius, I have a CapitalOne Quicksilver card. Can that card be “converted” to a Venture card while still getting the signup bonus? Any experience with this? If it were possible along with the signup bonus, do you think there would still be a 3 bureau pull?

  9. flocks.. few months back I got approved for capital one quick silver visa signature card ( which gives you 1.5% cash back on all of your purchases). They pulled my EXPERIANand EQUIFAX report.

  10. Any idea when this 40,000 bonus offer will end? I just applied for two other cards and I want to wait a little while before I apply for another.

  11. Safuvan Padannayil

    Hello Folks,

    Does anyone know Capital One re-consideration line tel # and how do they work? I just applied for Venture card and surprisingly they turned me down!! I have not applied for any credit card in the past 4 months and do have very good credit score. The only other Capitalone cards I have are from 2009 and I always pay them in full each month. So really surprised and disappointed. I thought there was not even a remote possibility of them declining my application.

    If anyone can offer word of guidance on this, I’d greatly appreciate that.

    Thanks

  12. Can the miles be redeemed towards tours and excursions when traveling?

  13. Hey Daraius, thanks for the blog, I visit it frequently. I know that you focus on using rewards for travel, but currently I’m using bonuses to help get us ahead on normal expenses. Finding useful giftcards (Target, Wal-Mart, gas, etc) is part of my consideration. I was wondering what the giftcard redemption looks like for this card, and if it’s not too much to ask, if you could include it in future reviews of cards. I searched extensively and haven’t found anything concrete and recent regarding this card. I’ve already gone through the Amex Gold and Chase cards, so my options are starting to twindle. Thanks!