New Venture cardholders can receive a 50,000-mile bonus after spending $3,000 in the first three months of card membership. Plus, heavy spenders have the opportunity to earn up to 100,000 miles in the first year. 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 the highest potential bonus in its history. For those who spend $3,000 in the first three months of card membership, the Venture is offering its standard 50,000-mile bonus. But, big spenders who hit $20,000 in the first 12 months can up the ante – to a total of 100,000 miles.
The spend threshold to reach the full 100,000-mile bonus is high, and it might be out of reach for many cardholders. But for those willing to pile all of their spending onto the Venture for the entirety of the first year, the rewards can be incredibly valuable.
Venture card changes
|Previous offer||Updated offer|
|Sign-up bonus||50,000 miles after $3,000 spend in the first 3 months||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|
|Annual fee||$0 for the first year, then $95||$95 (fee no longer waived in first year)|
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 $1,000 (if you can meet the whole spend cap).
We estimate the average consumer’s spending at $15,900, which isn’t quite enough to meet the steep $20,000 requirement for the full 100,000-mile bonus. But, if you can manage to spend that much in a year, we estimate your first-year rewards value at about $1,305, once you subtract the annual fee.
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||20,000 miles after $1,000 spend in first 3 months|
|Introductory offer||None||0% on purchases for 12 months, then a 15.49% – 25.49% variable APR|
|Estimated value in first year ($15,900 spend)||$723||$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.
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 $223 in rewards in your second year as a Venture cardholder (2 miles per dollar earned on a $15,900 per year spend, minus the annual fee). With the VentureOne, you’d only earn about $198 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