The Capital One Venture Rewards Credit Card is a great choice for beginners and experts looking for an easy way to earn miles without having to put much thought into it.
Right now, the card is giving new applicants the chance to earn 75,000 bonus miles after spending $4,000 on purchases in the first three months from account opening.
If you don’t have this card, this offer will net you $1,388 in rewards (per TPG valuations) after hitting a very manageable spending requirement — on top of a solid return on everyday spending and a few notable travel benefits.
Here’s what you need to know about the Capital One Venture’s current offer.
Capital One Venture Rewards welcome offer
The Capital One Venture Rewards currently offers 75,000 bonus miles after you spend $4,000 on purchases within the first three months of account opening. Based on our estimates, this bonus is worth nearly $1,400, thanks to Capital One’s impressive roster of transfer partners. And it’s possible to squeeze significantly more value from that bonus if you know how to redeem Capital One miles for maximum value.
Note that this welcome bonus is identical to the premium Capital One Venture X Rewards Credit Card. As a result, be sure to crunch the numbers to ensure that the standard Venture card still makes the most sense for your situation.
Related: Best Capital One credit cards
Earning Capital One miles
This card earns a flat 2 miles per dollar on most purchases. So, if you spend $4,000 on it to earn the welcome bonus, you’d earn a total of 83,000 miles in the first few months. That bumps the total value of your miles after earning the bonus up to $1,536, based on TPG valuations.
In addition, you could earn even more on those purchases, as the Venture card offers 5 miles per dollar spent on hotels and car rentals booked through Capital One Travel.
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While some travel credit cards may earn slightly higher rates on select categories such as groceries or dining, the draw here is the simplicity — and guarantee — of earning 2 miles per dollar on almost anything you buy without memorizing bonus spending categories.
Related: How (and why) you should be earning lots of Capital One miles
What can Capital One miles get you?
Your total value from this sign-up bonus depends on how you redeem your miles. There are some different good options:
When converting your miles to hotel points or airline miles, most partners offer a 1:1 transfer ratio, though some unfortunately transfer at a 2:1 or 2:1.5 ratio.
If you don’t want to deal with transferring your miles to these partners, you can always redeem your miles to “pay” for travel charges made to the card. These redemptions can be very handy in a world where you may be renting RVs, booking vacation home rentals or securing a cabin close to home more often than hopping on a flight to the other side of the world.
Despite the recent devaluation, TPG staffers still love to transfer Capital One miles to Turkish Airlines as there is still outsize value with sweet spot redemptions to be found.
Related: Cashing in Capital One miles? How to get the maximum value when redeeming miles
Other Venture Rewards perks
The Capital One Venture Rewards doesn’t offer the same benefits as more premium travel rewards cards, including its upscale sibling, the Capital One Venture X Rewards Credit Card. But for its modest $95 annual fee (see rates and fees), the Venture provides some useful benefits:
*These benefits are only available to accounts approved for the Visa Signature card. Terms apply.
Related: Mid-tier travel card showdown: Chase Sapphire Preferred Card vs. Capital One Venture
Bottom line
With the ability to transfer miles to travel partners or use miles to cover the cost of whatever travel charges you wish, 75,000 miles is a very solid bonus for a card that has only improved its value proposition and perks over the years. While this isn’t the best offer we’ve ever seen on the Capital One Venture Rewards Credit Card, it meets our threshold of being a good time to apply for it.
Apply here: The Capital One Venture Rewards Credit Card with a 75,000-mile bonus after spending $4,000 in the first three months from account opening
For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.
