The Capital One Venture Rewards Credit Card just released a pretty darn lucrative promotion for travel lovers.
Applicants can earn up to $1,000 in travels bonuses. First, you'll have $250 to use toward Capital One Travel purchases during your first cardholder year. Plus, you can earn a one-time bonus of 75,000 Miles once you spend $4,000 on eligible purchases within three (3) months of being approved for card membership. The credit can be used in one fell swoop or applied toward multiple purchases. (Learn here how to apply.)
This is not the higher-profile Capital One Venture X Rewards Credit Card (despite the letter “X” being the only variable separating their names). Annual fee-wise, the Capital One Venture Rewards Credit Card is $95 vs. its “X” sibling’s $395 (and we’ve shown you how to earn that back).
Here’s how the card’s Miles earnings break down:
- 5X per dollar on hotels and rental cars booked through Capital One Travel
- 2X on every other eligible purchase
Even if purchasing hotels and rental cars through Cap One doesn’t move the needle for you, consider the 2X category can come in handy for traditionally non-bonused spending such as utility bills, medical bills and doctor visits, school tuition, etc. Both my wife and I have the Venture X and that’s how we use our cards.
Capital One Miles can be redeemed for purchases through Capital One Travel at a rate of one Mile to one penny. (75,000 Miles = $750 in Capital One Travel purchases.)
You can also transfer Miles to Cap One’s loyalty program partners (all are 1:1 transfers unless noted):
- ALL – Accor Live Limitless (2:1)
- Aeromexico Club Premier
- Air Canada – Aeroplan
- Air France-KLM Flying Blue
- Avianca LifeMiles
- British Airways Executive Club
- Cathay Pacific – Asia Miles
- Choice Privileges
- Emirates Skywards
- Etihad Guest
- EVA Air – Infinity MileageLands (2:1.5)
- Finnair Plus
- Qantas Frequent Flyer
- Singapore Airlines KrisFlyer
- TAP Miles&Go
- Turkish Airlines Miles&Smiles
- Virgin Red
- Wyndham Rewards
![An Air France Boeing 777 is seen at Hartsfield-Jackson Atlanta International Airport (ATL).](https://eyeoftheflyer.com/wp-content/uploads/2023/04/Air-France-777-1024x768.jpg)
For what it’s worth, Venture Card members can earn up to $100 in statement credit for TSA PreCheck or Global Entry application fees every four years.
Can Capital One Venture Rewards Credit Card Members Enter Capital One Airport Lounges?
Capital One is growing its chain of branded airport clubs. Right now, Capital One Lounges are located at:
- Dallas-Ft. Worth (DFW)
- Denver (DEN)
- Washington-Dulles (IAD)
We heard a couple of years ago that a Cap One Lounge was coming to Las Vegas (LAS), but who knows when we’ll see it. A New York-Kennedy (JFK) location was announced last month.
Capital One Venture X Rewards Credit Card and Capital One Venture X Business members and up to two guests can enter the lounges for free.
However, Capital One Venture Rewards Credit Card (and Capital One Spark Miles for Business, which is pretty much the business version of the Venture Card) members receive two complimentary visits to Capital One Lounges or Plaza Premium Lounges to use by December 31, 2024.
After those are used (or expire), Venture and Spark Miles cardholders and their guests can enter Cap One Lounges for a discounted rate of $45 per person. (The standard rate for non-Capital One cardmembers is $90.)
Can You Earn the Venture’s Welcome Bonus if You Have the Venture X?
If you want to have one big, happy Cap One Venture-branded family and load up on Capital One Miles, you should be OK. I didn’t see anything excluding Venture X cardholders from earning the Venture’s welcome bonus. As long as you have at least good credit and aren’t in prison, you’re probably OK (the offer’s terms specifically exclude people whose address is a correctional institution). Do keep in mind these qualities will disqualify you:
• I have applied for a Capital One credit card 2 or more times in the last 30 days.
• I have received a new cardmember bonus for this product in the past 48 months.
• I have a past due Capital One credit card account.
• I am over my credit line on a Capital One credit card.
• I have had a Capital One credit card that charged off within the past year.
Final Approach
New Capital One Venture Rewards Credit Card applicants can earn up to $1,000 in travels bonuses. First, you'll have $250 to use toward Capital One Travel purchases during your first cardholder year. Plus, you can earn a one-time bonus of 75,000 Miles once you spend $4,000 on eligible purchases within three (3) months of being approved for card membership. Considering the card’s annual fee is $95, that’s a heck of an outsized value. I really like the card’s 2X earnings for purchases that normally earn you 1X or maybe 1.5X elsewhere.
Learn here how to apply for the $1,000 travel bonus offer.
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