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The Capital One® Venture® Rewards Credit Card has an offer for 60,000 bonus miles when you spend $3,000 in the first 3 months from account opening. We’ll explain how you can get more value with your miles below.
The annual fee is $95. This high annual fee puts it in direct competition with the Chase Sapphire Preferred® Card, which also earns great rewards and has a nice sign-up bonus.
The big selling point of this card is that it earns an ongoing, unlimited 2X rate when you redeem towards travel. So, unlike a cash back credit card, you won’t get the maximum value for your rewards unless you use them for travel specific redemption. The Capital One® VentureOne® Rewards Credit Card is the no-annual fee version and earns a lower rewards rate.
We’ll review the bonus offer for the Venture card below.
*Capital One also tends to offer very good banking bonuses as well.
| Bonus available | Enjoy a one-time bonus of 60,000 miles once you spend $3,000 on purchases within 3 months from account opening. |
| Bonus value* | $840 |
| Travel credit | Up to $100 credit for Global Entry or TSA Pre✓. |
| Ongoing rewards/benefits | Unlimited 2 miles per dollar on every purchase. |
| Foreign transaction fees? | No |
| Airport lounge access | N/A |
| Annual Fee | $95 |
*Bonus value is an estimated value calculated by MoneysMyLife and not the card issuer. Read our card review for more details.
View our latest valuations here.
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PROS
- Bonus miles
- No foreign transaction fees
- Option to redeem with partner airlines
CONS
- Annual fee after 1st year
- Excellent credit needed to qualify
CHASE SAPPHIRE PREFERRED® CARD
The Chase Sapphire Preferred® Card currently has an offer for 100,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
Redeeming the 100,000 bonus points through the Chase Ultimate Rewards program, which is praised by users, will get you $1,250 in value towards travel. The 100K bonus points are worth $1,250 because you get 25% more value whenever you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards.
Even better, strategize with Chase Ultimate Rewards points transfer partners to potentially get even more value. Each point can be worth up to 2 cents apiece (100k points = ~$2,000). Read more on this here.
Pool the Ultimate Rewards points earned from this card with Chase’s other Ultimate Rewards cards for a great strategy. Other Ultimate Rewards cards include the Chase Freedom Unlimited®, Chase Sapphire Reserve® and the Ink Business cards.
Ongoing rewards with this card include earning 2 points per $1 on Dining at restaurants (including eligible delivery and takeout) and Travel. It’s 1 point per dollar spent on all other purchases.
You’ll now also get unlimited deliveries with a $0 delivery fee and reduced fees on eligible orders over $12 for a minimaum of one year with DashPass, DoorDash’s subscription service. You must activate by 12/31/21.
There are no foreign transaction fees and the annual fee is $95 for this card.
Capital One Venture Rewards Credit Card 60k Miles Bonus
Earn 60,000 bonus miles when you spend $3,000 on purchases in the first 3 months. These 60k bonus miles are worth $600 towards travel, or up to $840 if you strategize to transfer your miles to Capital One’s airline partners. More on this below.
*Compare all top card bonuses here.
If you think you’ll have trouble meeting the $3,000 spending requirement, below are some ideas that might help out.
What Miles Are Worth
Whether you redeem for past travel or for future travel bookings through Capital One, each mile is worth 1 cent.
The 60,000 bonus miles are going to be worth $600 if you redeem towards travel. You can redeem for past travel purchases that have been made in the last 90 days, or you can use your miles towards booking new travel.
You can use your miles to book your flight, car rental, or hotel. If you use your miles for past travel purchases, these categories of travel are eligible:
| Airlines | Hotels | Rail Lines | Car Rental Agencies | Limousine Services |
| Bus Lines | Cruise Lines | taxi cabs | Travel Agents | Time Shares |
You can also transfer your miles to Capital One’s airline partners. If you’re willing to strategize with different partner mileage programs and flight bookings, you can potentially get even more value with your miles. Get up to around 1.4 cents per mile through this process. See below for the airline partners.
Updated 9/22/2020:
| Aeromexico Club Premier | Air France KLM Flying Blue | Air Canada Aeroplan |
| Alitalia MilleMiglia Program | ALL – Accor Live Limitless | Asia Miles |
| Avianca LifeMiles | Emirates Skywards | Etihad Airways – Etihad Guest |
| EVA Air – Infinity MileageLands | Finnair – Finnair Plus | JetBlue – TrueBlue |
| Qantas – Qantas Frequent Flyer | Singapore Airlines – KrisFlyer | |
The ongoing rewards rate is 2 miles for every dollar that you spend on all purchases, which equals to 2% as 100 miles is equal to $1 in travel rewards (possibly more with the transfer partners as stated above). This is a great earnings rate for a card that isn’t tied to any airline or hotel.
For people who like to travel and keep rewards simple and flexible, the Capital One Venture card is worth taking a look over. Rewards are good and there are no foreign transaction fees to worry about. For savvy travelers, the airline partners open up more valuable redemption options.
Bottom Line
The Capital One Venture Rewards Credit Card received much notoriety through their marketing campaign with several celebrities.
This card has become a great option for customers seeking a simple travel rewards card where there’s no need to keep up with spending categories. There’s the annual fee to contend with after the first year, so you’ll need to be a high enough spender to negate that.
With the addition of airline transfer partners in late 2018, savvy travelers now have another nice option to choose from.
What’s The Competition?
See which cards are top competitors to the Capital One Venture card below.
*Compare all top card bonuses here.
CHASE SAPPHIRE PREFERRED® CARD
The Chase Sapphire Preferred® Card currently has an offer for 100,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
Redeeming the 100,000 bonus points through the Chase Ultimate Rewards program, which is praised by users, will get you $1,250 in value towards travel. The 100K bonus points are worth $1,250 because you get 25% more value whenever you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards.
Even better, strategize with Chase Ultimate Rewards points transfer partners to potentially get even more value. Each point can be worth up to 2 cents apiece (100k points = ~$2,000). Read more on this here.
Pool the Ultimate Rewards points earned from this card with Chase’s other Ultimate Rewards cards for a great strategy. Other Ultimate Rewards cards include the Chase Freedom Unlimited®, Chase Sapphire Reserve® and the Ink Business cards.
Ongoing rewards with this card include earning 2 points per $1 on Dining at restaurants (including eligible delivery and takeout) and Travel. It’s 1 point per dollar spent on all other purchases.
You’ll now also get unlimited deliveries with a $0 delivery fee and reduced fees on eligible orders over $12 for a minimaum of one year with DashPass, DoorDash’s subscription service. You must activate by 12/31/21.
There are no foreign transaction fees and the annual fee is $95 for this card.
AMERICAN EXPRESS® GREEN CARD
Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more.
The American Express Green Card has an offer 30,000 Membership Rewards points when you spend $2,000 on purchases within the first 3 months. We value these 30k points at around $600.
This card earns 3 points per $1 on travel including flights, hotels, transit, taxis, tours, and ridesharing services. Spending at restaurants worldwide, including takeouts and deliveries, will also earn 3 points per $1. All other purchases will earn the typical 1 point per $1.
The Amex Green Card has several unique benefits:
- Purchase lounge access through the LoungeBuddy app and receive up to $100 in statement credits per calendar year.
- Pay for CLEAR membership with this card and receive up to $100 per calendar year in statement credits.
There are no foreign transaction fees and the annual fee is $150. See Rates & Fees, Terms Apply.
CHASE FREEDOM UNLIMITED®
The Chase Freedom Unlimited® credit card has an offer for $200 bonus cash after you spend $500 on purchases in your first 3 months from account opening.
This card also earns 5% on travel purchased through Chase, 3% on dining at restaurants and drugstores, and 1.5% on all other purchases.
The Chase Freedom Unlimited earns Ultimate Rewards points. Points can be pooled with those from other eligible Chase cards, such as the Chase Sapphire Preferred® Card, Chase Sapphire Reserve® and Ink Business Preferred℠ Credit Card. More on this here.
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Get 200,000 bonus miles when you use this link to open a VentureOne credit card and spend $1,000 within 3 months of account opening:
https://capital.one/2XjWKEK
Where is the link for this offer? A google search shows a 50k signup bonus. Thanks in advance.
Thanks for the update. That 75k offer was available for several weeks.