New! Earn up to 140K Miles on the Capital One Venture Card
Capital One Venture

New! Earn up to 140K Miles on the Capital One Venture Card

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The Capital One Venture Rewards Credit Card is easily one of the best credit cards for beginners, thanks to how easy it is to both earn and redeem miles towards travel. And now it’s out with a massive bonus making it even better.

Capital One on Wednesday rolled out a new welcome bonus of 100,000 Capital One Venture Miles after spending $20,000 on purchases within the first 12 months. Otherwise, you can still earn the standard 50,000-mile bonus after spending just $3,000 in the first three months.

But considering you earn 2x miles for every dollar you spend on the Venture Card, that adds up to a bonus of up to 140,000 Venture Miles. Those miles are worth at least one cent toward travel, so that’s $1,400 towards future trips.

Read on for more information about this new offer and all its benefits.
 

venture card
 

Click Here to get more information about the Capital One Venture Rewards Credit Card. 

 

Capital One Venture Card Welcome Offer

The Capital One Venture Rewards Credit Card is now offering 100,000 Venture miles after spending $20,000 in the first 12 months of card membership.

You’ll get 50,000 miles after spending $3,000 in the first three months of card membership. If you spend another $17,000 by the end of your first year with your card, you’ll get another 50,000-mile bonus. Factor in the miles you’ll earn for all that spending, and that’s 140,000 Venture miles or more.

So what does 140,000 Venture miles get you? A lot of travel.

Capital One has one of the easiest ways to use these miles toward travel. It’s called the Purchase Eraser, and it works like this: Just put any travel expense on your Venture card, log into your account, and use Venture miles to cover your expenses.

Every mile is worth one cent, so that means 140,000 miles are worth $1,400 in flights, hotels, and more. But you can also use these miles to cover travel expenses that you can’t typically cover with points and miles, like Airbnb, train travel, cruises, etc.

In the last few years, Capital One also added the ability to transfer these miles to more than a dozen different airline and hotel partners. While it’s not quite as lucrative as the transfer partnerships on other credit cards, you could potentially squeeze even more value out of these miles this way.

Want to maximize the value of your Capital One Venture miles? See our guide on six great ways to utilize them effectively.

 

A Reasonable Annual Fee

The Capital One Venture Card carries an annual fee of $95. Unfortunately, Capital One no longer waives this fee for the first year.

But with at least $1,400 toward travel and other benefits you’ll see below, it’s easily worth that price tag.

 

$100 Application Fee Credit for Global Entry or TSA PreCheck:

Way Back in 2018, Capital One added a credit for either Global Entry or TSA PreCheck.

If you apply for either Global Entry or TSA PreCheck and pay with the card, the application cost will be reimbursed (currently $100 for Global Entry and $85 for TSA PreCheck). You are eligible to receive this credit once every four years, and membership in both programs lasts a full five years.

Since Global Entry includes TSA PreCheck, it should be your choice if you plan to do any sort of international travel. See our guide on how to sign up for the program from start to finish.

Already have Global Entry or TSA PreCheck? You can use this credit to cover the application for a friend or family member! Just pay for their application with your Venture card and you’re set!

 

Earn 2x Capital One Venture Miles on All Purchases

One of the best perks of the Venture card is how easy it is to rack up miles.

You will earn 2x Capital One Venture Miles on all spending, with no limit on how much you can earn. That makes the Venture card a great card for your everyday expenses. Keep in mind, each mile can be redeemed for a maximum of one cent toward the cost of travel using the Capital One Purchase Eraser.

That’s an unbeatable return, as few credit cards offer more than 1x points on all spending.

 

Fly Any Airline & Stay at Any Hotel

Because of the way Capital One Venture Miles work, you aren’t tied down to using them with one airline or one hotel chain.

You can redeem them for travel on any airline or at any hotel with no blackout dates. When you use your Venture miles to cover airfare, you won’t get stuck paying additional taxes or fees – those are included, as you’re simply buying flights and wiping the cost from your statement with your miles. And yes, you’ll even earn airline miles on your free flight!

Better yet, the miles will never expire for the life of the account and there is no limit on how many you can earn.

All you need to do is use the Captial One Purchase Eraser to remove the charge from your statement. Read our guide on exactly how to do it!

 

Airline Transfer Partners

A few years ago, Captial One added the ability to transfer Venture Miles to different airline partners. And more recently, Capital One added some hotel transfer partners, too.

Venture miles will transfer to 13 airlines and two hotel chains at a ratio of 2:1.5 (2 Venture Miles equals 1.5 airline miles) and at a ratio of 2:1 (2 Venture Miles equals 1 airline mile) for Singapore Airlines and Emirates. Here’s the full list of the Capital One Venture transfer partners.
 

ProgramTypeRatioTransfer Time
AeromexicoAirline1:1Same day
Air Canada Aeroplan Airline2:1.5Same day
Air France/KLMAirline2:1.5Same day
AlitaliaAirline2:1.5Same day
AviancaAirline1:1Same day
British AirwaysAirline2:1.5TBD
Cathay Pacific AsiaMilesAirline1:1Up to five business days
Choice HotelsHotel1:1TBD
Emirates Airline2:1Same day
EtihadAirline1:1Same day
EVA AirAirline2:1.5Up to five business days
FinnairAirline1:1Same day
JetBlueAirline2:1.5TBD
QantasAirline1:1Up to five business days
SingaporeAirline2:1Up to five business days
TAP Air PortugalAirline1:1TBD
Turkish AirlinesAirline2:1.5TBD
AccorHotel2:1TBD
WyndhamHotel1:1TBD

See our guide on how to transfer Capital One points to partner airlines.

These transfer partners are a great way to potentially get even more value out of your Venture miles bonus.

 

No Foreign Transaction Fees

The Capital One Venture Card doesn’t charge foreign transaction fees. That makes it is a great option for purchases during your international travels – whenever international travel resumes, anyway.

 

Capital One 100K Point Offer: Our Analysis

This new offer requires a lot of spending to earn the full 100,000 point bonus. And since each dollar you spend earns 2x Venture Miles, you’ll end up with 140,000 miles if you spend the full $20,000 in your first year. Capital One rolled out a similar bonus late last year.

That’s nothing to sneeze at, as that can get you far. But it also requires $20,000 in spending over the course of a year, which may be difficult for many to pull off.

Compare that to the best-ever offer on the Chase Sapphire Preferred Card of 80,000 points after spending $4,000 in the first three months. The card carries the same $95 annual fee as the Venture Card, though it’s cheaper in year one thanks to a $50 grocery credit. And those Chase points are worth a minimum of $1,000.

That’s nearly as much value for a fraction of the spending requirement.

We love the Venture Card and 140,000 Venture Miles would be great. But even this eye-popping offer won’t make sense for everyone.

 

Bottom Line

The Captial One Venture Rewards Credit Card has long been one of the best travel rewards credit cards for beginners because of how easy it is to use Venture miles. But to earn a stash of 140,000 miles for your future travels? That’s tough to beat – assuming you can easily spend the $20,000 in the first year.

Add in the Global Entry or TSA PreCheck Credit and other perks at a $95 annual fee, and it’s an amazing option for anyone looking to get started in the world of points and miles – even if you only plan on spending the $3,000 in the first three months to earn the 50,000-mile bonus.

But is this the best offer out there for a travel rewards card right now? Hardly, especially with other great bonuses for a much smaller spending requirement.
 

capital one venture
 

Click Here to get more information about the Capital One Venture Rewards Credit Card.
 

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.

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