Capital One Venture Rewards Credit Card: $1,000 Bonus Value; Limited-Time Offer Ending Soon

Limited-time offer ending soon – Monday, September 9th. The Capital One Venture Rewards Credit Card is a premium travel rewards card with a flat 2 Miles per dollar on all purchases. 75,000 miles can be redeemed as a $750 credit towards any travel purchase made with the card (any airline website, any hotel website, AirBNB stays, Uber rides, no blackout dates). Right now, there is a limited-time offer that adds another $250 Capital One Travel credit. Here are the highlights:

• Limited-time offer: 75,000 Miles once you spend $4,000 on purchases within the first 3 months of account opening, plus receive a one-time $250 Capital One Travel credit in your first cardholder year – that’s equal to $1,000 in travel.
• 2X Miles per dollar on every purchase, every day.
• 5X Miles per dollar on hotels, vacation rentals and rental cars booked through Capital One Travel, where you’ll get Capital One’s best prices on thousands of trip options. They offer a Price Match Guarantee.
• Up to $100 application fee credit for Global Entry or TSA PreCheck.
• Enjoy two complimentary visits per year to Capital One Lounges or to 100+ Plaza Premium Lounges through the Partner Lounge Network. This perk is valid through December 31, 2024.
• Use your miles to get reimbursed for any travel purchase-or redeem by booking a trip through Capital One Travel
• Transfer your miles to your choice of 15+ travel loyalty programs
• Miles won’t expire for the life of the account and there’s no limit to how many you can earn.
• $50 experience credit and other premium benefits with every hotel and vacation rental booked from the Lifestyle Collection.
• No foreign transaction fees.
• $95 annual fee.

$250 Capital One Travel credit details. Capital One Travel is a travel portal similar to an Expedia or Travelocity. You can use this $250 Capital One Travel credit to offset any airline, hotel, or rental car booking done through their portal. You can use it all at once or split it up across multiple purchases. Here is the fine print directly from their Terms and Conditions:

How does my one-time travel credit work? Eligible Venture primary account holders will receive a $250 Capital One Travel credit (“Credit”) to use toward purchases made through Capital One Travel. Credits will expire one year after account opening. The Credit will be available within Capital One Travel and can be applied to purchases at checkout. The Credit may be used in whole for a single purchase or in part over multiple purchases. Rewards will not be earned on the Credit. If the purchase using the Credit is canceled before Credit expiry, the Credit will be restored. An expired Credit will not be restored upon cancellation of a purchase by the Customer. A Venture card account must be open and in good standing to receive or use the Credit.

If you are worried that the prices are inflated, I would shop around against other travel portals and also note their Price Match Guarantee:

How price match guarantee works

If you find a better price for the same flight, hotel or rental car on another site within 24 hours of booking with Capital One Travel, you can get a travel credit for the difference.

Simply call Capital One Travel at 844-422-6922 to submit a price match claim with the customer support team. If the agent can verify the lower price while on the phone with you, you’ll get a travel credit for the price difference.

If the Capital One Travel support team can’t verify the lower price during the call, they’ll review your claim and get back to you.

Here are some quick tips for price matching:
The itinerary has to be an exact match to the booking you made on Capital One Travel.
You have to submit your claim within 24 hours of making your original reservation.
The price of the new itinerary must be available to the general public at the time of review without coupons, promotions or member discounts.
The price has to be in U.S. dollars, including all taxes and fees.

Note the following about existing or previous cardholders:

Existing or previous cardmembers are not eligible for this product if they have received a new cardmember bonus for this product in the past 48 months.

(Capital One’s “ultra-premium” card is the Venture X card, which has more perks including Priority Pass airport lounge access and a $300 annual travel credit through Capital One Travel, but also a higher $395 annual fee. This Venture card is more directly competitive with the Chase Sapphire Preferred, while the Venture X competes more directly with the Chase Sapphire Reserve.)

Redemption details. Capital One “miles” can be redeemed directly for a cash statement credit on a 1 mile = $0.01 basis when offsetting any travel purchase made on the card within the past 90 days. In other words, 50,000 miles = $500 toward travel. That means you can fly on any airline or stay at any hotel, pay with this card, and then “erase” that purchase using your miles balance later. This even includes AirBnB vacation rentals, car rentals, and Uber rides.

This means that earning 2 miles on on every $1 in purchases essentially makes this a 2% back card when applied towards travel. You also have the option of booking travel through their travel portal, similar to Chase Ultimate Rewards, but you are not required to do so. You have the flexibility of booking through them or making the purchase directly through the airline, hotel, car rental counter, etc. This makes it easy to combine and spend all your Capital One miles.

Miles transfer options. Capital One now allows you to transfer your “miles” into select airline miles programs as well. Here are the airline transfer partners:

• Aeromexico
• Air France/KLM
• Air Canada Aeroplan
• Cathay Pacific Asia Miles
• Avianca Lifemiles
• British Airways Avios
• Emirates Skywards
• Etihad
• EVA
• Finnair
• Qantas
• Singapore Airlines Krisflyer
• TAP Air Portugal
• Turkish Airlines
• Virgin Red

Hotel partners

• Accor Live Limitless
• Choice Hotels

If you know how to leverage one of these international airline miles programs (my favorites are Aeroplan and Avios since you can combine family points), this can be a very valuable option. Otherwise, it’s nice to know you can always get a certain level of value by redeeming against any travel purchase.

Bottom line. The Capital One Venture Rewards Credit Card earns 2 Miles per dollar on every purchase, which you can either redeem against any travel purchase or transfer to one of their airline/hotel partners. Right now, there is a limited-time offer that combines 75,000 bonus miles ( worth $750 towards travel) plus a one-time $250 Capital One Travel credit.

Due to the $1,000+ potential first-year value, I will be adding this card to my list of Top 10 Best Credit Card Bonus Offers.