New Capital One Venture Card 75K Bonus

The Capital One Venture Rewards Credit Card is a solid travel card that offers two miles per dollar spent with no caps. Each mile can be redeemed for one cent towards the cost of a travel purchase, effectively meaning you’re getting two cents of travel for every dollar spent.

This card now has a big new welcome bonus of 75,000 miles after spending $5,000 within the first three months (you may need to open your browser incognito to see the offer, as it’s just being loaded). This isn’t a OMAAT link, but rather I want to share the best offer out there, directly from the Capital One site.

Those 75,000 miles can be redeemed for $750 worth of travel. This is marketed as a limited time offer, though no end date has been published.

The card continues to have a $95 annual fee which is waived for the first year.

On top of that, the card comes with some other great perks that make it worthwhile, including:

  • 10x miles per dollar spent at hotels.com/venture
  • No foreign transaction fees
  • A TSA Pre-Check or Global Entry fee credit once every four years

When it comes to redeeming Capital One Venture miles towards travel, the process is really easy:

  • You can redeem them for past travel purchases using Purchase Eraser, where you can simply make an eligible travel booking using your card, and then you can go online after the fact and use your miles to pay for it within 90 days of the date of purchase; your credit will be applied to your account within 2-3 days
  • You can book a travel reservation through capitalone.com or book by phone, and each mile can be redeemed for one cent towards the cost of a travel purchase

Eligible travel purchases include purchases made from airlines, hotels, rail lines, car rental agencies, limousine services, bus lines, cruise lines, taxi cabs, travel agents, and time shares.

Bottom line

The new 75,000 mile welcome bonus on the Capital One Venture Card is excellent, so I’d seriously recommend considering the card if you don’t yet have it. Those miles are enough to get you $750 worth of travel, and the card also offers other great perks that will help offset the annual fee after the first year.

Comments

  1. Has Cap One changed the redemption options?
    I last had the card a few years ago and it wasn’t quite dollar for dollar.

    It went something like this:
    If the charge was between 0-$75, it would cost 10,000 points, if it was between like $76-150 it would cost 20,000 points or something like that. So if the charge was on the “low end” (ie: $76) the redemption value plummeted.

    Or did they change it so that it’s dollar for dollar with NO sliding scale (like the Capital One More Cash/Quicksilver card)?

  2. @mjonis I don’t know about the other cards mentioned, but the Venture cardcan be be redeemed (towards travel) up the the exact point/cent that you want.

  3. Can these miles be used the same way as Arrival Plus for Southwest (for refundable tickets…you know what I mean)?

  4. Just applied and was denied. I have no history with Capital One but extensive history with all the others. Very high credit score. I suspect too many recent applications. Anybody have luck with the Cap One reconsideration line?

  5. If if close the card what happens to points earned? Can I still use purchase eraser? Transfer points?

  6. I just applied for the card and received the following message: We can’t approve you for this card today…
    We know you’re disappointed, and we’ve explained why we couldn’t approve you in a letter you’ll receive within 7-10 business days.

    Like Rick, I have an excellent credit score (I just checked it to make sure), however, Capital One told me in a generic message (that advertised for their CreditWise service) that I should focus on my credit score, implying that might be the reason for denial.

    Does Capital One have any type of 5/24? I have stayed away from them for years, but now that they actually look decent, it appears that they do not want my business.

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