Colossal Capital One Venture 100,000-mile bonus ends tomorrow

Jul 18, 2021

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Update: Some offers mentioned below are no longer available. View the current offers here – Capital One Venture Rewards Credit Card

The procrastination ends now. You’ve got until tomorrow, July 19, 2021, to apply for the Capital One Venture Rewards Credit Card’s highest-ever 100,000-mile bonus.

TPG estimates Capital One miles value to be 1.7 cents each (not provided by the issuer), making this sign-up bonus potentially worth $1,700 in travel — or even more if you know how to redeem Capital One miles for maximum value. This is an outstanding return for a card that carries a moderate $95 annual fee.

To earn the full 100,000-mile welcome bonus, you’ll have to spend $20,000 on purchases in the first 12 months from account opening. If that sounds too overwhelming, you can choose to earn 50,000 miles by spending $3,000 on purchases in the first three months.

Related: 6 reasons to get the Capital One Venture Rewards card

The Capital One Venture earns 2x miles on all purchases, meaning that if you go for the full 100,000-mile offer, you’ll end up with a total of 140,000 Capital One miles after meeting the minimum spending requirement. 140,000 Capital One miles are worth $2,380, per TPG valuations.

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(Photo by Wyatt Smith/The Points Guy)

Should you apply for the Capital One Venture?

When this increased offer expires tomorrow, it would be no surprise to see the bonus return to its normal offer of 60,000 miles after meeting minimum spending requirements.

However, spending $20,000 on the card in the first 12 months from account opening isn’t possible for everyone. Even if you can meet the spending requirement with ease, $20,000 in credit card spending may be better utilized to earn multiple welcome bonuses from some other top travel credit cards.

The Capital One Venture is a great card for both beginners and veterans of the miles and points world because of its versatility:

  • You can redeem its rewards at a value of 1 cent each for just about anything travel, including airfare, hotels, Airbnb, rental cars, buses, cruises, etc. You’ve got 90 days after a qualifying purchase to retroactively “redeem” miles and remove the purchase from your statement. I’ve even had success redeeming Capital One miles for meals at restaurants inside hotels (though not always). Read our post on how to redeem Capital One miles at a fixed value for an easy-to-follow guide.
  • You can also transfer your miles to Capital One transfer partners. This is how to get outsized value for your rewards — far above simply redeeming them at a fixed value. For example, you can transfer 74,000 Capital One miles to Air Canada Aeroplan for a one-way business-class flight to western Europe. Or transfer 20,000 Capital One miles to Turkish Airlines for a round-trip economy flight on United Airlines to anywhere in the U.S. (including Hawaii).

Related: Tips and tricks to get maximum value from your Capital One miles

Bottom line

No matter your skill level or travel goals, Capital One miles are a necessity for your strategy. If 100,000 Capital One miles sounds enticing to you, open the Capital One Venture by tomorrow. We expect the offer to plummet after the expiration date.

Application link: Capital One Venture Rewards Credit Card available for a limited time with up to 100,000 bonus miles.

Featured photo by Wyatt Smith/The Points Guy.

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