New Venture cardholders can receive a 60,000-mile bonus after spending $3,000 in the first three months of card membership. Add in an impressive ongoing rewards rate, and the card is a solid option for travelers.
The Capital One Venture Rewards Credit Card is currently offering new cardholders a sign-up bonus of 60,000 miles after they spend $3,000 in the first three months of card membership. This is less in potential value than the previous bonus that provided an opportunity to earn 100,000 miles spending $20,000 in the first 12 months – or the standard 50,000-mile bonus for spending $3,000 in the first three months with the card.
Still, the new bonus is higher than the standard one, while the spending requirement is the same. Plus, considering the $20,000 spending threshold might not have been easy to reach for many cardholders, the new offer can actually provide more value to an average card user.
Venture card changes
|Previous offer||Updated offer|
|Sign-up bonus||50,000 miles after $3,000 spend in the first 3 months or 100,000 total miles after $20,000 spend in the first 12 months||60,000 miles after $3,000 spend in the first 3 months|
|Annual fee||$95 (fee no longer waived in first year)||$95|
Miles for every purchaseAlong with a generous sign-up bonus, the Venture card lets cardholders earn 2 miles per dollar on all purchases. We value Capital One miles at 1 cent per mile when redeemed for travel – making the sign-up bonus worth approximately $600. This is a decent value and $100 more than the standard sign-up bonus for the same spend.
Another big perk: 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 vs. 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.
|Capital One Venture Rewards Credit Card||Capital One VentureOne Rewards Credit Card|
|Rewards rate||2 miles per dollar on every purchase||1.25 miles per dollar on every purchase|
|Sign-up bonus||60,000 miles after $3,000 spend in first 3 months||20,000 miles after $500 spend in first 3 months|
|Introductory APR offer||None||0% on purchases for 12 months, then a 15.49% – 25.49% variable APR|
|Estimated yearly value over 3 years ($15,900 spend)||$455||$293|
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.
Indeed, even with its annual fee factored in, you’ll likely earn more per year in ongoing rewards with the Venture card thanks to its 2-mile-per-dollar rewards rate on all purchases.
Let’s crunch the numbers: Based on the average person’s spending habits, you stand to earn around $455 in rewards in a year as a Venture cardholder over your first three years with the card (2 miles per dollar earned on a $15,900 per year spend, minus the annual fee). With the VentureOne, you’d only earn about $293 on the same spend.
On the other hand, the Venture card does not offer an introductory APR 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.
See related: Capital One transfer partners