Current welcome bonus on the Capital One Venture Rewards card

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.

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

Capital One Venture Rewards welcome offer

The Capital One Venture Rewards currently has a welcome offer of 75,000 bonus miles after spending $4,000 on purchases within the first three months of account opening.

This offer will net you $1,388 in rewards (per TPG’s October 2024 valuations) after hitting a very manageable spending requirement — on top of a solid return on everyday spending and a few notable travel benefits.

And 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.

Note that this welcome bonus is identical to the premium Capital One Venture X Rewards Credit Card. As a result, be sure to crunch the numbers to ensure that the standard Venture Rewards card still makes the most sense for your situation.

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 83,000 miles in the first few months. That bumps the total value of your miles after earning the bonus up to $1,536, based on TPG’s October 2024 valuations.

In addition, you could earn even more on those purchases, as the Venture Rewards card offers 5 miles per dollar spent on hotels, vacation rentals, and car rentals booked through Capital One Travel.

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 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 do transfer at a 2:1 or 4:3 ratio.

If you don’t want to transfer 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 hopping on a flight to the other side of the world.

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.

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: Which $95 card should you get?

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 Venture Rewards card, it meets our threshold of being a good time to apply for it, so now is a great time to consider adding this card to your wallet.

To learn more, read our full review of the Capital One Venture Rewards card.

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Apply here: Capital One Venture Rewards Credit Card

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Related: Capital One Venture Rewards vs. Capital One VentureOne: Which should you venture toward?

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.