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

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

Million Mile Secrets40,000 Miles ($400) With the Capital One Venture CardMillion Mile Secrets Team

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Update:   One or more card offers in this post are no longer available.  Check our Hot Deals for the latest offers. 

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

You can get 40,000 miles when you spend $3,000 within the first 3 months on the card.  The old sign-up bonus was only 20,000 miles.

Capital One Venture Card

Link:   Capital One Venture Rewards Credit Card

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 first 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 World Elite Mastercard, you earn 40,000 Arrival miles which is worth ~$400 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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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!

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

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

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.

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.

Author
Million Mile Secrets

@Arnab – Can’t say for sure!

@Eduardo – Only as statement credit.

@Liz W – That should be possible.

@Skor – Converting a card doesn’t get the bonus.

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