The Capital One Venture Rewards Credit Card currently has a welcome offer that combines its familiar 75,000-mile bonus with a $300 credit for hotel and vacation rental bookings through Capital One Travel.
There’s a lot to like about this card, including the fact that it earns at least 2X miles per dollar on purchases and has a $95 annual fee.
Here’s what to know about the new offer.
Capital One Venture Card Offer Overview
New Capital One Venture Card holders can take advantage of the following offer:
The 75,000-mile bonus isn’t new. That’s the same number of miles the Venture card offered previously.
The addition is the $300 Capital One Travel Stays credit. It can be used toward hotels and vacation rentals booked through Capital One Travel during the first cardholder year.
The entire $300 can be used on one booking or split across multiple eligible bookings. If a booking is canceled before the credit expires, Capital One says the credit will be restored as long as it hasn’t expired.
Purchases covered by the credit don’t earn miles.
And importantly, this is a one-time welcome-offer benefit. It’s not a recurring $300 annual credit on the Capital One Venture Card.
What Else Comes With the Venture Card?
The Capital One Venture Card is fairly straightforward when it comes to earning miles.
Cardholders get unlimited 2X miles per dollar on every purchase, every day. The card also earns unlimited 5X miles on hotels, vacation rentals, and rental cars booked through Capital One Travel.
It has a $95 annual fee and charges no foreign transaction fees. It also includes up to a $120 credit for Global Entry or TSA PreCheck.
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Capital One miles don’t expire for the life of the account. There are also several ways to use them.
One option is redeeming miles toward eligible travel purchases. Capital One miles are worth 1 cent each this way, making 75,000 miles worth $750 toward eligible travel expenses.
Miles can also be used to book travel through Capital One Travel.
Another option is transferring miles to an airline or hotel loyalty program. Most Capital One partners transfer at a 1:1 ratio, including programs such as Air Canada Aeroplan, Air France-KLM Flying Blue, and British Airways Club.
Other redemption options include gift cards and cash back. The value of a Capital One mile varies depending on how it’s redeemed.
Who Is Eligible for the Welcome Offer?
There is an important application rule to know about this offer.
“You are not eligible for this product if you have received a new cardmember bonus for the Capital One Venture card or the Capital One Venture X card in the past 48 months.”
That means someone who received a Capital One Venture X Rewards Credit Card welcome bonus during the past four years wouldn’t be eligible for the Capital One Venture Card bonus, either.
Seventy-five thousand Capital One miles can cover $750 in eligible travel purchases. Transferring the miles to an airline or hotel program can open up some different possibilities.
For example, 75,000 miles could be enough for two round-trip economy tickets to Europe, four round-trip tickets on some shorter domestic routes, or even a one-way business-class ticket across the Atlantic.
Those aren’t just theoretical examples. Points Insider found several trips bookable for 75,000 miles, including options for couples, families, and a lie-flat trip to Europe.
The $300 Capital One Travel Stays credit is separate from the 75,000 miles. It could cover part or all of an eligible hotel or vacation rental while the miles are used for something else.
