Home Topics Finance Capital One Venture Increases Bonus; Worth $ 1,400 if you spend...

Capital One Venture Increases Bonus; Worth $ 1,400 if you spend enough

If you’re looking to stock up on travel rewards for a vacation, now is a good time to consider Capital One Venture Rewards credit card. It offers a bonus with a potential total value of $ 1,400.

The big 100K bonus

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From March 31, 2021, the $ 95-Annual Fee Card increases your potential sign-up bonus – although the spending requirement to earn it is also increasing rapidly.

New cardholders can earn up to 100,000 bonus miles after spending $ 20,000 on purchases within the first 12 months of opening their account. (Or cardholders can spend a lot less and still earn miles. The offer: Earn 50,000 miles when you spend $ 3,000 on purchases within the first three months of opening your account.)

This new sign-up bonus offer is only available to new cardholders who have never had one Capital One Venture Rewards credit card.

Previously, the card offered 60,000 miles once you spent $ 3,000 on purchases within three months of opening your account. The new bonus offer is huge – 66% more miles.

The Capital One Venture Rewards credit card offered a similar 100,000 mile bonus in September 2020. The limited-time bonus ended three months later.

How it adds up to $ 1,400 for travel

The larger bonus may be worth $ 1,400.

Here’s how it works: The bonus is 100,000 miles. And because the Capital One Venture Rewards credit card Earn an unlimited amount of 2 miles for every dollar spent on all purchases. If you spend $ 20,000 on the card to receive this bonus, you will receive an additional 40,000 miles.

Capital One miles are worth penny each when you use them to book travel through Capital One or exchange them for credits for travel purchases with the Buy an eraser Feature. So 140,000 miles is worth $ 1,400. That is one of the best bonuses among Travel credit cards.

You can also transfer miles to Partner travel programsThis way, you sometimes get oversized value for your miles. However, the value differs depending on the partner. Cash back can also be redeemed, but miles are only worth half a cent each this way.

Venture cardholders can also use until June 30, 2021 Redeem miles for recent restaurant, takeaway, and streaming services from thousands of retailers for penny each.

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