Capital One Venture Card 50,000 Point Sign Up Bonus – $500 Worth of Travel

by on January 5, 2014 · 31 comments

in Capital One

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Update: The offer mentioned below for the Capital One Venture Card has expired. View the current offer here

The Capital One Venture Card usually carries a bonus of between 10,000-20,000 points, but for a limited time, it appears there is a credit card offer out there where you can earn 50,000 points when you apply and spend $3,000 within the first three months, and the $59 annual fee is waived the first year.

This card earns 2X miles per $1 on every purchase, and you can redeem those miles for 1 cent apiece towards travel expenses, so including the minimum spending requirement, you’re looking at 56,000 points – the equivalent of $560 to put toward travel redemptions. Other details include:

  • Earn unlimited 2X miles on every purchase, every day
  • Enjoy a one-time bonus of 20,000 miles once you spend $2,000 on purchases within the first 3 months, equal to $200 in travel
  • Fly any airline, stay at any hotel, anytime
  • Travel when you want—no blackout dates
  • Miles don’t expire
  • No limit to the miles you can earn
  • No foreign transaction fees
  • No annual fee for the first year; $59 after that

Now, Capital One has had sign-up bonuses of up to 100,000 points with this card, but it’s been nearly two years since we’ve seen an offer like that, and this is the highest it’s been for a while, so if you’ve been waiting to get this card, now is probably the time.

That said, if you’re in the market for a fixed-value travel card like this to help pay down travel purchases you can’t normally use regular airline miles or hotel points for, like train travel, rental cars, B&B’s, cruise expenses and award ticket fees, you might want to also consider the Barclaycard Arrival instead. That card currently comes with a sign-up bonus of 40,000 miles equivalent to $440 in travel redemptions, and only has a minimum spending requirement of $3,000 in the first 90 days, it also earns 2X miles on every $1, and its $89 annual fee is waived the first year.

For more information, check out these posts:

Maximizing Fixed Value Travel Credit Cards
Barclaycard Arrival Bonus Hits 40,000 Miles
Details on the Barclaycard Arrival Travel Redemptions
Capital One Venture and VentureOne Bonuses Up To 20,000 Miles

Hat tip: FlyerTalk.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

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  • misty

    Is this card Churnable? I think I had it a few years ago.

  • Bobby’s

    Yes it is. Nothing in the fine print.

  • Paul

    Definitely churnable. Canceled this card less than a year ago, and I just re-applied and was approved.

  • Matt K.

    I’ve never had the Capital One Venture card. Is it similar to the Arrival where you can redeem for any charge that shows up as the merchant being travel related? Or is it like Citi Thank You where you are redeeming points for travel on their portal? Would be nicer if its similar the Arrival since you would then be booking revenue flights/ hotels/ car rentals. Just curious.

  • Jon P

    Just applied and was instantly approved for a $5k limit. Credit disclosure link showed my TU score of 757. Hopefully they only pulled one report.

  • Jon P

    From what I’ve researched, the COV card is more lenient in redeeming purchases as a travel reward. I saw one post about someone who bought a mountain bike and just called CS and had the charge credited manually.

    I also have the Arrival card and it appears that they are more strict with redemptions being from travel codes only.

  • LAKnight

    Thanks for posting the link. I have been searching for this promotion for 2 weeks. Applied it and instantly approved for $20K credit limit. Will use the bonus points to get a $500 gift card from Ritz Carlton (Marriott).

  • dee seiffer

    I’ve had one for years and, yes, you can reimburse yourself for any travel related expense up to 90 days after the charge is posted. So, even if you don’t have enough points to reimburse yourself when you charge the travel, you have 90 days to get enough points.

    A quirky thing with the rewards reimbursement part of the web site is that I’ve been able to reimburse myself multiple times for the same charge.

    Hubby and I both have separate accounts and use them for the Vanilla reload/Bluebird thing. I can transfer his points into my account and just use my account to book travel/reimburse us.

    Or you can book through Cap1′s Travelocity portal, like Thank You points (I used to use Citi Thank You points, but like Capitol One a lot more.)

  • Brandon

    How do you redeem Capitol One Venture Card miles? Can you purchase the plane ticket anywhere online, on any online travel agency or airline website you want? Or is there a specific place you have to purchase it?

  • epaminondas3294

    So when you are awarded the miles, can you transfer those miles to any frequent flyer account you have? For example the miles I earn on this Capital One credit card, can they go into my united mileage account? Or my aadvantage account?

  • ATLJason

    Do you know if the reimbursement works for airline gift certificates? In other words, can I sign up for the Venture card, get the points, and then get reimbursed if I were to use the card to buy a $500 eGift Certificate on Delta?

  • Zila

    Ok, but will you get the bonus points again? Just curious…

  • ATLJason

    I’m pretty sure that’s not how this one works. This is only good for getting a credit back on travel costs. If you spend $500 on a hotel or airline, you can cash in 50,000 Venture points to get reimbursed for that $500. In that sense, they are not really “miles” like United Miles or AAdvantage miles. They are simply points that each equal 1 cent worth of reimbursement.

  • Cliff

    Any idea about how long this offer will be available?

  • Zila

    Thanks, TPG, just got approved… Nice way to start the year!

  • Paul

    According to the terms and conditions, I should.

  • Raymond

    I was wondering for the arrival card, can i redeem more than than just $400? Let say if i save up and redeem?

  • epaminondas3294

    Great, thank you Jason!

  • luv2mtb

    Great post. I actually went with the Barclay card this time around. I always pay my cards off monthly, but the 0% APR the next 12 months was some welcome flexibility for 2014.

  • Yati

    Does gasoline count as a travel expense? I’d love to get $500 worth of free gas.

  • hs

    I hear many places they pull all three. If I am making this a part of my first 2014 AOR, do I need to be worried about three separate pulls or will they get washed with the other pulls in the churn?

  • Cindy

    Do we have any idea how long this offer will be available?

  • Mike

    I was approved for this card 2 days before this promo started. Anyone know of a way for me to get in on this deal instead of the 20k promo w/o re-applying?

  • Zila

    Email or call…

  • Hester McGinney

    Is there a business version of this card (for 50K as well)? I know there was back circa 2011 with the Alec Baldwin Match My Miles promotion.

  • LP

    Link says offer has expired.

  • DW

    Link dead!

  • tvheidi

    I just made this call. Here’s what they told me. They could not change my rewards bonus, but they recommended I earn the 20k miles…then, without canceling, sign up again for the Venture card with the 50k mile offer. They will be able to combine both promotions to give you a whopping 70k miles! Just make sure not to cancel the original card before you call and have the points transferred to the new card.

  • Justin

    Any idea if amazon payments spend will qualify for the $3k spend?

  • Jon Parent

    Likely not but they let you redeem the full value of the rewards towards Exxon gift cards!

  • Paul

    Yes, got the bonus points again, if it is any help to you at this point.

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