Receive 75,000 miles with the Capital One Venture Rewards card

Editor's note: This post is updated regularly with the latest information and offers.

The Capital One Venture Rewards Credit Card is an ideal option for both beginners and experts seeking an effortless way to earn miles with a low annual fee.

Here's what you should know about the latest Capital One Venture Rewards offer.

Welcome offer for the Capital One Venture Rewards card

Currently, the Capital One Venture Rewards offers a welcome bonus of 75,000 miles after spending $4,000 on purchases in the first three months of opening your account.

This bonus can provide $1,388 in rewards (according to TPG's September 2024 valuations) after meeting a reasonable spending threshold, in addition to solid rewards on everyday purchases and several travel perks.

You can extract even more value from this bonus by learning how to redeem Capital One miles for optimal benefits, thanks to their extensive list of transfer partners. The travel credit can be used for flights, hotel bookings, and car rentals made through Capital One Travel. This card earns 5 miles per dollar on hotels, vacation rentals, and car rentals booked through Capital One, making it the best way to maximize this travel credit.

Remember that this travel credit expires on your next card anniversary, so be sure to use it before then.

This is the standard welcome offer we've observed for this card.

Keep in mind that this welcome bonus is the same as that of the premium Capital One Venture X Rewards Credit Card. Therefore, make sure to do the math to determine if the standard Venture Rewards card is the best option for your needs. The current welcome offer for the Venture X is 75,000 bonus miles after spending $4,000 on purchases in the first three months of opening the account.

Accumulating Capital One miles

This card provides a straightforward 2 miles per dollar on most purchases. By spending $4,000 to obtain the welcome bonus, you would accumulate a total of 83,000 miles in the initial months. This increases the total value of your miles after the bonus to $1,536, according to TPG's September 2024 valuations.

Additionally, you could earn even more on those purchases since the Venture Rewards card provides 5 miles per dollar on hotels, vacation rentals, and car rentals booked through Capital One Travel.

While some travel credit cards may offer slightly higher rates for specific categories like groceries or dining, the appeal here lies in the simplicity — and assurance — of earning 2 miles per dollar on nearly all your purchases without needing to remember bonus categories.

What can you get with Capital One miles?

The overall value of your sign-up bonus depends on how you choose to redeem your miles. There are two great options:

• Redeem for 1 cent each toward travel
• Transfer to over 15 partner airlines and hotels within Capital One's network

When converting your miles to hotel points or airline miles, most partners provide a 1:1 transfer ratio, though a few unfortunately transfer at a 2:1 or 2:1.5 ratio.

If you prefer not to transfer your miles to these partners, you can redeem your miles to "cover" travel expenses charged to your card. These redemptions can be particularly useful in a world where you might frequently rent RVs, book vacation home rentals, or secure a cabin nearby rather than flying across the globe.

TPG's senior editorial director Nick Ewen transferred 117,000 Capital One miles to Emirates Skywards to upgrade himself and two family members to Emirates First Class. This amounted to 39,000 miles per person, which is a reasonable cost for an upgrade.

Additional perks of Venture Rewards

The Capital One Venture Rewards card does not provide the same level of benefits as more upscale travel rewards cards, including its premium counterpart, the Capital One Venture X Rewards Credit Card. However, for a reasonable annual fee of $95 (see rates and fees), the Venture Rewards offers several valuable advantages:

• Up to a $120 statement credit for Global Entry or TSA PreCheck application fees
• Warranty protection for eligible purchases
• Coverage for trip cancellations and interruptions
• No foreign transaction fees (see rates and fees)

In conclusion

With the flexibility to transfer miles to travel partners or redeem them for any travel expenses, a bonus of 75,000 miles is quite substantial for a card that has continually enhanced its value and perks over the years.

While this may not be the most exceptional offer we've encountered on the Venture Rewards card, it still represents a good opportunity to apply, making it an ideal time to think about adding this card to your collection.

For more details, check out our comprehensive review of the Capital One Venture Rewards card.

Some benefits for Capital One products mentioned on this page may be offered by Visa® or Mastercard® and can differ by product. Please refer to the respective Guide to Benefits for specific information, as terms and exclusions apply.