Earn 60,000 miles with the Capital One Venture card ($1,000+ in travel)
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Editor’s note: This post has been updated with new information.
If you’re ready to get back to earning travel rewards, now is the time to do it. Sign-up bonuses are unprecedented at the moment, and the Capital One Venture Rewards Credit Card is no exception. Its current bonus will net you more than $1,000 in travel, per TPG valuations, from a very manageable spending requirement — on top of a solid return on everyday spending and a few notable travel benefits.
Application link: Capital One Venture Rewards Credit Card
Here’s what you need to know about this current offer.
Capital One venture 60,000-mile sign-up bonus
The Capital One Venture comes with 60,000 bonus miles after spending $3,000 on purchases within the first three months of account opening. This bonus is worth $1,020 in travel, on average. And it’s possible to squeeze significantly more value from it if you know how to maximize Capital One miles.
Earning Capital One miles
This card earns a flat 2 miles per dollar on all purchases. If you spend $3,000 on the card to earn the bonus, that spending equates to another 6,000 earned miles. This means you’d earn a total of 66,000 total miles in year one if you trigger the full bonus. That bumps up your total spoils to $1,122 in value.
While some travel credit cards may have higher bonuses on select categories, the draw here is the simplicity — and guarantee — of earning 2x on almost anything that you buy without needing to memorize bonus spending categories.
What can Capital One miles get you?
Your total value from this sign-up bonus depends on how you redeem your miles. There are several options, which include:
When converting your miles to hotel points or airline miles, expect to get a transfer ratio between 1:1 and 2:1, depending on the partner.
Of course, if you don’t want to deal with transferring your miles to these transfer partners, you can always redeem your miles to “pay” for travel charges made to the card. These redemptions can be very handy in a world where you may be renting RVs, booking vacation home rentals or securing a cabin close to home more than you’re hopping on a flight to the other side of the world.
What other benefits and perks are there?
- Up to $100 statement credit to offset Global Entry or TSA PreCheck application fees (renews every four years)
- Extended warranty protection
- Secondary car rental insurance
- Travel accident insurance
- No foreign transaction fees
These benefits are only available to accounts approved for the Visa Signature card. Terms apply.
With the ability to transfer miles to travel partners or use miles to cover the cost of whatever travel charges you wish, 60,000 miles is a very solid bonus for a card that has increased its value over the years.
Want to learn more about the card? Read our in-depth review of the Capital One Venture card.
Additional reporting by Katie Genter.
Featured photo by The Points Guy.
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