It’s always a good thing when banks increase the sign-up bonus on their rewards cards. Enter Capital One.
Now, when you are approved for the Capital One Venture credit card, you will receive 50,000 miles after spending $3,000 in 3 months. Note: This is not the public offer of 20,000 miles, which is still live. To see the 50,000 miles offer, go here.
30,000 more miles is no subtle increase! If this offer has you intrigued, read on for a quick overview of the Capital One Venture benefits.
The 50,000 signing bonus is worth $500 in travel. This can be redeemed for any travel expense you have, allowing you to take advantage of the best rates you can find. It also covers those travel expenses that some other miles cards may not cover, such as trains, taxis, baggage fees, etc.
Beyond the singing bonus, you’ll receive 2 miles per dollar spent using your Capital One Venture card. This is nice for those who want straightforward earning. No keeping track of category bonuses if that isn’t your style. Rest easy knowing you’re earning double miles for every dollar you spend.
Simple Rewards Redemption
Simply add two zeros to see the number of miles you need for a travel expense. For example, a $400 expense would require 40,000 miles. This fixed value point system makes it easy to know what your miles will get you. And again, you have flexibility with where you make your travel purchases. Travelocity fan? Go for it.
The Annual fee of $59 is waived for the first year, so you can simply enjoy your rewards! But even if it wasn’t, $59 isn’t a bad annual fee for a card that offers you $500 in travel.
No Foreign Transaction Fees
This is obviously a good perk for a travel rewards card to have. You can use your Capital One Venture card abroad without worrying about any transaction fees. We think all travel cards should have this!
Visa Signature Benefits
Enjoy the many benefits that come with a Visa Signature card, including concierge service, hotel upgrades, event ticket deals, and other exclusive VS perks. For details on all that being a Visa Signature cardmember will get you, read here.
Not the Best Value
Fixed value cards are just that – fixed. This means you can’t stretch your miles any further, like you could with transferrable points. Take, for example, Ultimate Rewards points earned with the Chase Sapphire Preferred or Ink cards. You could transfer Ultimate Rewards points to United for a round-trip economy ticket to Europe for 60,000 points. With tickets to Europe costing easily over $1,000, you’re getting much more value than you would with 60,000 Capital One miles ($600).
Other Cards Compete
If you’re fixed on fixed, then there still might be better options out there. Similar to the Venture is the Barclaycard Arrival, which offers a lower sign-up bonus of 40,000 miles ($400), but also gives you a 10% rebate on all redemptions. So, if you redeem $400 in travel, you’ll get $40 back. If you’re going to be traveling frequently, this could be a better card for you in the long run. Link: Barclaycard Arrival PlusTM World Elite MasterCard®
$500 in travel is nothing to shake a stick at. If a fixed value travel rewards card is for you, the Capital One Venture is one of the best. Read our full review of the card here.