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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.