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A Bigger Sign-Up Bonus on the Capital One Venture Card – Worth $500 in Travel!

A Bigger Sign-Up Bonus on the Capital One Venture Card – Worth $500 in Travel!

Million Mile SecretsA Bigger Sign-Up Bonus on the Capital One Venture Card – Worth $500 in Travel!Million Mile Secrets Team

We devote thousands of hours of research to help you get Big Travel with Small Money. You support us by signing-up for credit cards through partner links which earn us a commission. Here’s our full Advertising Policy.

You can now earn 50,000 Capital One Venture miles (worth $500 in travel) after completing the minimum spending requirements on Capital One Venture card.  That’s 10,000 MORE Venture miles than the most recent offer!

This is great news for folks who’ve been considering adding this card to their wallet.  But I’ll explain why it is NOT the best card if you’re new to miles & points.

A Bigger Sign Up Bonus On The Capital One Venture Card Worth 500 In Travel
Use the Sign-Up Bonus From Your Capital One Venture for Free Nights at Hotels That Don’t Have a Loyalty Program. Like at The Goodland, a Stylish Boutique Hotel in Santa Barbara!

Capital One Venture Review

Link:   Capital One Venture Card

 

The Capital One Venture card now comes with 50,000 Venture miles (worth $500 in travel) after spending $3,000 on purchases within the first 3 months.

In addition to the valuable sign-up bonus, you’ll get:

In the past, the annual fee was only $59, but now it’s increased to $95.  It’s still waived the first year.

I love that the card reimburses you for Global Entry or TSA PreCheck.  Global Entry is fantastic because it can save you lots of time by getting you quickly through US Customs and Immigration when you return to the US from abroad.

And once you’re approved for Global Entry, you’ll usually get access to the TSA PreCheck security line when traveling domestically.  So you won’t have to take off your shoes or dump out your computer bag when you go through the security checkpoint!

The card also comes with Visa Signature Benefits, which include:

  • Rental car insurance – Secondary protection against collision or theft
  • Travel accident insurance – Up to $250,000 insurance for accidental loss of life, limb, sight, speech or hearing
  • Lost luggage insurance – Up to $3,000 per trip, provided the luggage was lost from theft or misdirection by the airline, cruise, etc.

What Are Venture Miles Worth?

Link:   A Simple Rewards Program, but Can You Do Better?

Capital One Venture miles are worth 1 cent each.  You can use your miles for nearly any travel purchase, like taxi rides, hotels, room service, and free flights.  Without having to worry about searching for available award seats or hotel nights!

To redeem your miles for travel, just buy travel like you normally would with your card.  Then, you have 90 days to sign-in to your online account, find the travel purchase, and “erase” it with your miles!

There’s NO minimum redemption increment when redeeming miles, unless you’re using miles to partially pay for a travel purchase.  In that case, the minimum is 2,500 miles ($25).

A Bigger Sign Up Bonus On The Capital One Venture Card Worth 500 In Travel
If You Take Uber, Lyft, or Taxis a Lot, Using Capital One Venture Miles to Erase These Costs Is a Good Choice

Capital One also has a site similar to the Chase Ultimate Rewards Travel Portal called No Hassle Rewards portal.  Through this site, you can book travel with your miles instead of purchasing your travel and erasing it later.  If you use the portal, there is no minimum miles requirement to book.

Whether you choose to redeem your points through the No Hassle Rewards portal or by erasing your purchase later, you’ll still get a value of 1 cent per point.

Is the Capital One Venture Card Right for You?

If you’re looking for a card with a valuable sign-up bonus and a straightforward and flexible rewards structure, the Capital One Venture card is definitely worth considering.

I’ve written about smart ways to use Capital One Venture miles for Big Travel.  And you can read about how Million Mile Secrets team members would use the Venture card sign-up bonus.

But if you’re new to miles & points, and plan to apply for lots of cards later, I would NOT recommend starting with the Capital One Venture card.  Because there are other credit cards with better sign-up bonuses that earn more valuable points and have better travel benefits.

And when you apply for a Capital One card, they request your credit from ALL 3 credit bureaus (Experian, Equifax, and TransUnion) in the US.

Plus, because of Chase’s stricter approval rules, where if you’ve opened 5+ cards in the past 24 months (with the exception of Chase business cards or other small business cards), Chase will NOT approve you for many of their cards (though there are some exceptions).  So opening the Capital One Venture card could decrease your chances of being approved for great Chase cards later on!

However, if you already have all the Chase cards you want, and you’re looking for a card with a valuable sign-up bonus and a straightforward, flexible rewards structure, the Capital One Venture card is definitely worth considering.

It’s especially nice that there’s NO minimum redemption increment when redeeming miles (unless you’re using miles to partially pay for a travel purchase).  That’s much better than the similar Barclaycard Arrival Plus World Elite Mastercard (which has a smaller sign-up bonus!), where you can only redeem your miles for travel purchases of $100+

Here’s my comparison of the Barclaycard Arrival Plus and the Capital One Venture.

Bottom Line

The Capital One Venture card now offers 50,000 Venture miles (worth $500 in travel) after spending $3,000 on purchases within the first 3 months of account opening.

The $95 annual fee (increased from $59) is waived the first year and it has NO foreign transaction fees, so it’s a good card to use internationally.  But it’s NOT the best choice if you’re just beginning your miles & points career.  Because there are other better travel rewards cards you consider first.

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Capital One® Venture® Rewards Credit Card

Capital One® Venture® Rewards Credit Card

  • Enjoy a one-time bonus of 50,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $500 in travel
  • Earn 2X miles on every purchase, every day. Plus earn 10X miles on thousands of hotels; learn more at hotels.com/venture
  • Receive up to $100 application fee credit for Global Entry or TSA Pre✓®
  • Fly any airline, stay at any hotel, anytime
  • Travel when you want with no blackout dates
  • Miles won't expire for the life of the account and there's no limit to how many you can earn
  • No foreign transaction fees
  • $0 intro annual fee for the first year; $95 after that

More Info

Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)

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I applied for this card first time and didn’t get approve. My credit score is over 800. Does anyone have similar experience? Would they reconsider my application if I call their reconsideration line? Thanks.

It’s really straightforward to redeem the miles for any travel-related expense. I bought a flight to New Orleans and my airbnb stay there using my Venture One Card. Then before next month’s statement, I used my miles to pretty much cancel those flight and airbnb charges on my account. Love it!

Another benefit from a cash-for-redemption card such as Venture is you get the benefits from a cash purchase not given from a program award points redemption. From an airline, you can get redeemable miles, qualifying miles and dollars, and qualifying segments from a purchase but not from an award.

This card looks great, I would like to get it.

Great Card. I have had it for several years and love the points.

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