Link: Apply for the Capital One Venture Rewards Credit Card with 75K bonus miles (Rates & Fees)
The popular Capital One Venture Card is continuing to offer a fantastic welcome bonus, which many may be interested in. This bonus has been available for quite some time, though I wanted to post a reminder of this, as it’s anyone’s guess how much long it will be around.
In this post:
Capital One Venture Card offering 75K miles
The Capital One Venture Card is offering 75,000 miles after spending $4,000 within the first three months. Personally I value Capital One miles at 1.7 cents each, so to me this bonus is worth a massive $1,275. For context, previously the card was offering a bonus of 50,000 miles.
As far as eligibility restrictions go for the Capital One Venture Card:
- You are eligible for this card (including the bonus) even if you have the Capital One Venture X Rewards Credit Card (review) (Rates & Fees)
- Capital One has very few consistent eligibility restrictions beyond that
Why the Capital One Venture Card is worth it
The Capital One Venture Card has a reasonable $95 annual fee (Rates & Fees), 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 access to Plaza Premium Lounges or Capital One Lounges twice per year (the Capital One Lounge DFW is amazing, especially Rumana!); you can use this either for two separate visits, or for one visit with a guest
- The card offers a Global Entry or TSA Pre-Check credit once every four years
- The card offers rental car coverage — for full details review the guide to benefits
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 (Rates & Fees), 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:
- The same welcome bonus of 75,000 miles
- 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 welcome bonus of 75,000 Capital One miles upon completing minimum spending, which is 50% bigger than the previous bonus. If you’re at all interested in this card and don’t yet have it, this would be the time to apply.
Anyone plan to pick up the Capital One Venture Card with 75K bonus miles?
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.
Both of these cards have had 100k sign-up bonuses recently; the Venture X last year, and the Venture as recently as last month. To say that it's anyone's guess how much long(er) it will be around" is correct—It's likely to go back UP. Wait, unless you have a compelling reason to take the lower bonus.
Ben have have you ever heard of someone not being allowed to downgrade a card after a year? Looking online it looks like by law you have to be able to be allowed downgrade a card.
"by law?"
what you've said makes *no* sense at all.
My P2 was just denied by Cap1 for having too many new cards in a 24-month period. It was only 3 cards…CFU, Hilton Honors, and CSP.
CapOne is such a hit and miss. I have been trying to get the Venture card for more than 3 years and was denied all the time - when I had 6 new cards open in the past 24 months; when I had only 1 new card openend in the past 24 months; when I had no new card opened in the past 24 months - the result was the same - Instantly denied.
Then...
CapOne is such a hit and miss. I have been trying to get the Venture card for more than 3 years and was denied all the time - when I had 6 new cards open in the past 24 months; when I had only 1 new card openend in the past 24 months; when I had no new card opened in the past 24 months - the result was the same - Instantly denied.
Then in Dec 2022, I applied for Spark Cash Select for excellent credit instead of trying for Venture cards and was instantly approved. I used that for about 6 months (with ~$200 spend on the card after meeting min. spend) and then in June 2023, I applied for Venture rewards. This time, my Venture application was approved instantly despite having opened 3 new personal cards in the past 6 months, including the Spark Cash Select. I was also given $50k credit limit - the highest limit that any lender has ever offered to me.
Here is what I think changed Capital One's decision -
1. When I got Spark Cash Select, I established a low-risk relationship with CapOne since they only offered me $5k limit and I was getting a cash back card, rather than one of their miles cards
2. I had read several reports that cap one likes to see that you are using card with healthy balance that's reported to credit agencies. Until recently, most of my heavy spending was on business cards that CapOne didn't see through personal credit files. So, with spark cash select, I had at least $2k balance for the first three months consistently that CapOne could see on my credit files. In addition, I also had applied for a couple of Chase cards and those required min. spends of $3k plus. So, those balances also started showing on my personal files, which shot up my utilization % to 30%+ for 3 months
3. Of course I paid those balances the day after statements were generated. so my credit score didn't stay affected for more than 2 weeks at a time. Once the dust settled on all those spending and my score was back to 780+, I pulled trigger on Venture card and was instantly approved.