New offer: Here’s how you can earn 75,000 miles with the Capital One Venture card

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 thanks to some tremendous sign-up bonuses. The Capital One Venture Rewards Credit Card, for instance, just launched a new offer, giving new applicants the chance to earn 75,000 bonus miles after you spend $4,000 on purchases in the first three months from account opening.

If you don't currently have this card, this offer will net you $1,387.50 in rewards (per TPG valuations) after hitting a very manageable spending requirement — on top of a solid return on everyday spending and a few notable travel benefits.

Here’s what you need to know about the Capital One Venture’s current offer.

Official application link: Capital One Venture with 75,000 bonus miles after you spend $4,000 on purchases in the first three months from account opening.

Capital One Venture 75,000-mile sign-up bonus

The Capital One Venture is currently offering 75,000 bonus miles after you spend $4,000 on purchases within the first three months of account opening. This bonus is worth nearly $1,400, based on our estimates, thanks to Capital One’s impressive roster of transfer partners. And it’s possible to squeeze significantly more value from that bonus if you know how to redeem Capital One miles for maximum value.

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Note that this welcome bonus is now identical to that of the Capital One Venture X Rewards Credit Card. That premium product, which was introduced last year, includes a higher ($395) annual fee but also confers an array of perks. As a result, be sure to crunch the numbers to make sure that the standard Venture card still makes the most sense for your situation.

Earning Capital One miles

This card earns a flat 2 miles per dollar on all purchases. So if you spend $4,000 on it to earn the welcome bonus, you’d earn a total of 83,000 miles in the first few months. That bumps your total bonus worth up to $1,535.50 based on TPG valuations.

In addition, you could earn even more on those purchases, as the Venture card offers the following bonus categories:

• Earn 5 miles per dollar spent on hotels and car rentals booked through Capital One Travel.

While some travel credit cards may earn at slightly higher rates on select categories such as groceries or dining, the draw here is the simplicity — and guarantee — of earning 2 miles per dollar on almost anything that you buy without needing to memorize bonus spending categories.

Related: How (and why) you should be earning lots of Capital One miles

What can Capital One miles get you?

Your total value from this sign-up bonus depends on how you redeem your miles. There are a few good options:

• Redeem for 1 cent apiece toward travel.
• Redeem by transferring to partner airlines and hotels.

When converting your miles to hotel points or airline miles, most partners now offer a 1:1 transfer ratio — a recent and significant improvement to the program — though a couple are, unfortunately, 2:1 or 2:1.5.

If you don’t want to deal with transferring your miles to these 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 often than you’re hopping on a flight to the other side of the world.

What other benefits and perks are there?

The Capital One Venture doesn’t offer the same perks as many more premium travel rewards cards, including its upscale sibling, the Capital One Venture X Rewards Credit Card. But for its modest $95 annual fee, the Venture provides some useful benefits:

• Up to $100 statement credit to offset Global Entry or TSA PreCheck application fees (renews every four years).
• Extended warranty protection for the original manufacturer's warranty on eligible purchases.*
• 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.

Related: Mid-tier travel card showdown: Chase Sapphire Preferred Card vs. Capital One Venture

Bottom line

With the ability to transfer miles to travel partners or use miles to cover the cost of whatever travel charges you wish, 75,000 miles is a very solid bonus for a card that has only improved its value proposition and perks over the years. While this isn't the best offer we've ever seen on the Capital One Venture Rewards Credit Card, it comes at a great time — with summer travel set to be a busy (and expensive) one.

If you've been waiting for an elevated offer to return on the Venture card, you may want to jump on this new offer, as it likely won't be around forever.

Apply now for the Capital One Venture Rewards Credit Card with a 75,000-mile bonus.

Want to learn more about the card? Read our in-depth review of the Capital One Venture card.

For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply

Additional reporting by Katie Genter, Joseph Hostetler, Eric Rosen and Nick Ewen.