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Capital One is bringing their A game! They’ve increased the bonuses on their Spark business cards to absurdly high levels. And they’ve also introduced a new bonus on the Capital One® Venture® Rewards Credit Card!
Today, The Points Guy announced you can earn 75,000 Venture miles with the Capital One Venture card after spending $5,000 on purchases within the first 3 months of account opening. That’s 50% more than the previous bonus of 50,000 Venture miles!
But it’s getting even better than that…
Beginning in December 2018, you’ll be able to transfer your Venture miles to 12 airline partners! This new bonus is a limited-time offer without an official end date.
Aside from the increased bonus, the perks of the Capital One Venture card are staying pretty much the same. You’ll still earn 2 Venture miles per $1 on all purchases with no limit. And you can use your Venture miles to erase travel expenses at a rate of 1 cent per point. The card’s $95 annual fee is also waived the first year.
This new 75,000 Venture miles bonus is the highest I can remember seeing for this card. But the real news is the upcoming addition of airline transfer partners.
Once the travel partners are added this December (2018), you’ll be able to convert 2 Venture miles into 1.5 airline miles. You’ll also be able to convert Spark miles (from the Spark Miles Business cards) into airline miles (same transfer partners) at the same rate.
Capital One has announced these airlines as travel partners:
- Air Canada (Aeroplan)
- Air France & KLM (Flying Blue)
- Cathay Pacific
- Hainan Airlines
- Qatar Airways
I was disappointed to not see any US airlines on the list of transfer partners. But there are programs covering all 3 major airline alliances on this list, so you’ll still be able to use your Venture miles to book award flights on just about any airline.
We’re working on detailed guides on the best ways to use Capital One’s new travel partners. So subscribe to our newsletter and you’ll get them delivered directly to your inbox once they’re published!
Hat Tip: The Points Guy