Link: Apply for the Capital One Venture Rewards Credit Card with 75K bonus miles plus a $250 travel credit
Several weeks ago, the popular Capital One Venture Card introduced a limited time welcome bonus, which is incredibly lucrative. If you’ve been considering this offer but haven’t yet applied, now is the time to do so — the offer is expected to be pulled on Monday, September 9, 2024, so the clock is ticking.
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Capital One Venture Card offering improved bonus
The Capital One Venture Card is offering a limited time two-part welcome bonus:
- Earn 75,000 Capital One miles after spending $4,000 within the first three months; personally I value Capital One miles at 1.7 cents each, so to me those miles are worth a massive $1,275
- Receive a $250 Capital One Travel credit that can be used toward purchases in the Capital One Travel portal; the credit expires one year after account opening
For context, the card previously offered a bonus of just 75,000 miles. The improved aspect of the offer is a $250 Capital One Travel credit. That’s really lucrative, since I’d consider that to be nearly as good as cash, given that it can be applied toward a flight, hotel, etc.
As far as eligibility restrictions go for the Capital One Venture Card, Capital One has very few consistent rules it enforces. Furthermore, you are eligible for this card (including the bonus) even if you have the Capital One Venture X Rewards Credit Card (review).
Why the Capital One Venture Card is worth it
The Capital One Venture Card has a reasonable $95 annual fee, and offers a variety of perks beyond the excellent welcome bonus:
- The card offers a minimum of 2x Capital One miles on all purchases with no foreign transaction fees (Rates & Fees), making it one of the best cards for everyday spending, as I value that at a 3.4% return on spending
- The card offers a Global Entry or TSA PreCheck credit once every four years
- The card offers rental car coverage — for full details review the guide to benefits
- For the remainder of 2024, the card offers access to Plaza Premium Lounges or Capital One Lounges twice per year; this benefit is being discontinued as of 2025
There are lots of great ways to redeem Capital One miles, as they can be transferred to Capital One’s airline and hotel partners. That’s my preferred use of them, as you can get some amazing travel experiences this way.
What about the Capital One Venture X Card?
While the Capital One Venture Card is awesome, how does it compare to the Capital One Venture X Card (review), which is Capital One’s ultra premium credit card? The Venture X has a $395 annual fee, so the fee is significantly higher, but it also offers several great perks that should more than justify the annual fee. Among other things, the Venture X offers:
- A $300 annual travel credit plus 10,000 anniversary bonus miles, which to me more than justifies the $395 annual fee
- A Priority Pass membership (giving you unlimited access to 1,300+ lounges around the globe), unlimited access to 100+ Plaza Premium Lounges, and unlimited access to the Capital One Lounge DFW
- Great travel benefits, including primary rental car coverage and cell phone protection
- Amazing authorized user perks, as you can add up to four authorized users at no extra cost, and they each receive a Priority Pass membership, access to Plaza Premium Lounges, and access to the Capital One Lounge
Personally I think the Venture X is an even better value than the Venture. However, I know some people just want to avoid higher annual fee cards in general, so for those people the Venture could be a better option. Furthermore, even if you have the Venture X, you’re potentially still eligible for the Venture.
Bottom line
The Capital One Venture Card has a phenomenal limited time welcome bonus of 75,000 Capital One miles plus a $250 Capital One Travel credit upon completing certain requirements. If you’re at all interested in this card and don’t yet have it, this would be the time to apply, as the offer will be pulled on September 9, 2024.
Anyone plan to pick up the Capital One Venture Card with 75K bonus miles plus a $250 travel credit?
There is a pre-approval link to see if you would be approved for this card without hard pulls on your credit reports. So I tried last night, and similar to other reports noted here by adiso341, Ryan and ezra, I was notified that I would not be approved for a Cap One consumer card because of "too many active credit cards based on your loan history." Yeah, I have a few but probably no more...
There is a pre-approval link to see if you would be approved for this card without hard pulls on your credit reports. So I tried last night, and similar to other reports noted here by adiso341, Ryan and ezra, I was notified that I would not be approved for a Cap One consumer card because of "too many active credit cards based on your loan history." Yeah, I have a few but probably no more than many here. First denial. Heard it's not unusual for Cap One to deny people with high FICO, high income, etc., maybe because they don't expect them to be valuable customers, just ones chasing SUBs and rewards. At least I avoided a couple of hard pulls.
Just applied a few hours ago and was instantly denied. Received an e-letter stating the following:
"The reason(s) for our decision are: Based on your credit report from one or more of the agencies on the back of this letter, number of bank cards tradelines opened in the last 24 months."
Crazy thing is I'm at 3/24 right now. So I'm not sure what exactly the rules C1 is using at the moment. Oh well.
Ben, any comment / reference pointd on having them reconsider a denial due to many accounts open? I have 11 credit cards which I don’t think it’s out of this world. I have the Venture X card and I spend some significant amount.
Applied on 8/23/24 and was instantly improved for 15k.
Applied for this yesterday and got denied due to having too many accounts open :(
Hi Ben
I took this card out last year, and my annual fee just posted. Can I cancel and re-apply, or would it be better to downgrade and they re-apply?
So upon receipt of the card you should have $550 in travel credit in the account? (the annual $300 plus the bonus $250?) I got the card earlier this year to replace Sapphire Reserve and used the $300 credit right away - had to phone in for the price match guarantee since their portal priced my flights higher than the airline.
This is the venture(95 af) not the venture x(395 af). Venture has no normal credit while venture x has the 300 thru the C1 portal.
Thanks Scott, my oversight. In that case a very decent bonus for the low fee card.
I already have this card.. Can I have multiple ones like I have with the Citi Premier?
Applied for this card yesterday. Surprisingly, it was my first ever denial. Bummer!
Am I eligible if I've previously had the Venture? I just closed it a little over 3 months ago.
Should have downgraded instead.
If I applied for this card less than a month ago, any idea if they would honor this?
@ jesky -- It can't hurt to ask, but based on the data points I've seen, Capital One generally doesn't match higher welcome bonuses after one applies.
My partner applied for this card 2 days before the $250 hotel credit was added. He called to ask if they could match the bonus and they said no.
Anyone know if this $250 travel credit is available immediately after approval or if have to wait for physical card to be activated? I was looking to book some domestic flights within India using it asap
@ Luke — I can’t say with certainty, but I wouldn’t count on it being instant. Usually it takes a few days for perks like these to kick in.
I referred to my spouse so also got the 20,000 referral points. $250 travel credit for his new card was available within 5 days of approval of card
I applied a couple weeks ago. My travel credit showed up in the app / online before my card arrived.
Is there an expiration for this Venture SUB?
@ Meghan -- While it's limited time, an end date hasn't been published. Sorry!
I was approved for Venture X last Sept. Can I still apply for this card?
@ Nigel -- Yep, you sure can!
Any restrictions on how (fast) you can upgrade to the venture X if you apply for this card?
@ Bryan -- In my experience you can typically only upgrade a card after you've had it for 12 months.
Can you apply for the Venture X if you already have the Venture