Venture card from Capital One raises sign-up bonus to 50,000 miles
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Capital One has boosted the Venture card’s sign-up offer by 10,000 miles. Now, new cardholders can receive a one-time 50,000-mile bonus after spending $3,000 in the first three months of card membership. The previous offer gave cardholders 40,000 miles after spending $3,000 in the first three months.
The increased sign-up bonus comes at a small price – $36 to be exact. While the Venture card still doesn’t charge an annual fee for the first year of card membership, it now charges $95 after the first year. Previously, the card charged $59 after the first year.
|VENTURE CARD CHANGES|
|Previous offer||Updated offer|
|Sign-up bonus||40,000 miles after $3,000 spend in the first 3 months||50,000 miles after $3,000 spend in the first 3 months|
|Annual fee||$0 for the first year, then $59||$0 for the first year, then $95|
Miles for every purchase
Along with a 50,000-point sign-up bonus, the Venture card lets cardholders earn 2 miles per dollar on every purchase. Venture miles are worth exactly 1 cent per mile when redeemed for travel – making the sign-up bonus worth approximately $500. Once you factor in the average consumer’s spending of $15,900 on gas, groceries and department stores each year, you have the potential to earn $818 worth of rewards in the first year of card membership.
There is no limit on the number of miles you can earn, and your rewards won’t expire for the life of your account.
Venture versus VentureOne
Because they have such similar card names, you may be wondering what differentiates the Venture card from the VentureOne card. Take a look at our chart below to see how the cards compare side-by-side.
|COMPARING CAPITAL ONE VENTURE CARDS|
|Rewards rate||2 miles per dollar on every purchase||1.25 miles per dollar on every purchase|
||50,000 miles after $3,000 spend in first 3 months||20,000 miles after $1,000 spend in first 3 months|
||$0 first year, then $95||$0|
|Introductory offer||None||0% on purchases for 12 months|
|Estimated value in first year ($15,900 spend)||$818||$399|
As you can see, while the Venture and VentureOne cards provide almost identical card benefits, the Venture card offers a considerably higher sign-up bonus and rewards rate than that of the VentureOne card. However, the Venture card does not offer a 0-percent introductory rate on purchases. Because of this, the VentureOne card may be a better option if you plan to carry a card balance on purchases during the first 12 months. Additionally, the VentureOne card never charges an annual fee, unlike the Venture card, which charges $95 annually after the first year.
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