The Capital One Venture Rewards Credit Card is a great choice for beginners and experts who want an easy way to earn miles without much effort, all with an affordable annual fee.
For a limited time, the Venture Rewards has a great welcome offer available. This is the second-highest welcome offer this card has offered in the past couple of years, so it’s a good time to consider this card.
Here’s what you need to know about the current Capital One Venture Rewards offer.
Capital One Venture Rewards welcome offer
New Capital One Venture Rewards cardholders can earn 75,000 bonus miles after spending $4,000 on purchases within the first three months of account opening. Plus, they can receive a $250 Capital One Travel credit in the first year.
After hitting a very manageable spending requirement, this offer will net you $1,388 in value from the bonus miles, according to TPG’s February 2025 valuations. When adding the value of the Capital One Travel credit, you can receive up to $1,638 in total value.
This is the second-highest welcome offer we have seen on this card in the past couple of years, so now is a great time to apply. Previously, we’ve seen offers as high as 100,000 miles, but this offer is still solid.
It’s possible to squeeze significantly more value from that bonus if you know how to redeem Capital One miles for maximum value, thanks to their impressive roster of transfer partners.
Related: The best Capital One credit cards
Earning Capital One miles
This card earns a flat 2 miles per dollar on most purchases. So, by spending $4,000 on it to earn the welcome bonus, you’d earn a total of at least 83,000 miles in the first few months, including the welcome bonus.
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If you earned 83,000 miles, that bumps the total value of your miles after earning the bonus and the travel credit at up to $1,786, based on TPG’s February 2025 valuations.
And since the Venture Rewards earns 5 miles per dollar on car rentals, vacation rentals and hotels booked through Capital One Travel, it’s possible to earn even more miles while working toward earning your welcome bonus.
While some travel credit cards may earn 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 you buy without memorizing multiple bonus spending categories.
Related: Why I keep the Capital One Venture Rewards card in my wallet
What can Capital One miles get you?
Your total value from this welcome bonus depends on how you redeem your miles. There are two ideal options:
- Redeem for 1 cent apiece toward travel
- Redeem by transferring to Capital One’s 15-plus partner airlines and hotels
When converting your miles to hotel points or airline miles, most partners offer a 1:1 transfer ratio, though a couple of partners have different ratios. You can get great sweet spot redemptions by transferring miles to programs like Air Canada Aeroplan and Air France-KLM Flying Blue.
For example, TPG senior editorial director Nick Ewen transferred 117,000 Capital One miles to Emirates Skywards to upgrade himself and two family members to Emirates First Class. This broke down to 39,000 miles per person, a reasonable upgrade cost.
If you don’t want to transfer your miles to these partners, you can 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 hopping on a flight to the other side of the world.
Related: Cashing in Capital One miles? How to get the maximum value when redeeming miles
Other Venture Rewards perks
The Capital One Venture Rewards doesn’t offer the same benefits as more premium travel rewards cards, including its upscale sibling, the Capital One Venture X Rewards Credit Card. But for its modest $95 annual fee (see rates and fees), the Venture Rewards provides some useful benefits:
Related: Chase Sapphire Preferred Card vs. Capital One Venture Rewards
Bottom line
With the ability to transfer miles to travel partners or use miles to cover the cost of whatever travel charges you wish, the Venture Rewards can be a valuable addition to your wallet. Plus, the limited-time $250 Capital One travel credit makes the card’s value proposition even stronger.
If you’ve been thinking about applying for the Venture Rewards, now is a great time to go for it to take advantage of this great welcome offer.
To learn more, read our full review of the Capital One Venture Rewards card.
Apply here: Capital One Venture Rewards Credit Card
For Capital One products listed on this page, some of the benefits may be provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.