Ending 5/13! 75k bonus miles + $250 travel credit for the Capital One Venture Rewards Credit Card

If the Capital One Venture Rewards Credit Card has been on your wishlist, now is the time to apply because, for a limited time, you’ll get a $250 Capital One Travel credit in addition to 75,000 bonus miles for spending $4,000 in three months. You’ll get over $1,000 in value in exchange for just a $95 annual fee. 

This offer was last available in July 2024 and came back in February 2025. I just got word that the offer is ending on Tuesday, May 13 . So if you missed out, this is your chance to get in on this elevated bonus.

Considering the rising costs for both domestic and international travel, the Venture Card can help you cut back on these expenses without paying an outrageous annual fee or completing abnormally high spending requirements. Here’s more about how you can take advantage of the card’s welcome bonus and why this is such a great card offer:

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The Capital One Venture Card welcome bonus is worth over $1,000

New Capital One Venture cardholders receive a $250 Capital One Travel credit in addition to the 75,000 welcome bonus after spending $4,000 within the first three months of account opening. 

The $250 credit is valid on Capital One Travel bookings made during the first year. It expires on your account anniversary, so you have plenty of time to redeem it.

With tax season coming up, the $4,000 spending requirement should be easier to complete. You can pay your taxes with a credit card at a 1.75% fee and knock out some (or all) of the Venture card’s spending requirement.

This is one of the best credit card offers if you want to boost your rewards balance.

Related: Why I paid my taxes with the Hyatt card

This is one of the highest Capital One Venture card welcome bonuses to date

A few years ago, there was a 100,000-mile welcome bonus for the Capital One Venture Card. It required $5,000 in spending within three months. The $95 annual fee was even waived, making it a spectacular deal. 

However, it’s been a while since we’ve seen anything above 75,000 bonus miles. The current Capital One Venture Card’s 75,000-mile bonus with a $250 statement credit is exceptional and a no-brainer if you want to offset some upcoming travel expenses. 

What you can do with the $250 Capital One Travel credit

You can redeem the $250 Capital One Travel credit towards flights, hotels, and rental cars. When you book a flight through the Capital One travel portal, you can provide your frequent flier number to earn redeemable miles and airline elite status.  

The Capital One Travel portal can be a great way to redeem your miles while simultaneously saving on travel. For example, at the moment, the portal offers 30% off (up to $75) hotels in Abu Dhabi. Last summer, Capital One was offering $40 off select Porter Airlines flights. These types of discounts (alongside the $250 Capital One Travel credit) can help you save money on rising travel costs while earning rewards. 

In addition, the Capital One Venture Card earns 5X miles on hotels and rental cars booked through the portal. Just be wary of the portal’s much-touted Capital One Price Freeze tool, which doesn’t exactly deliver the money-saving benefit it promises.

75,000 Capital One miles will go a long way

According to a recent Bankrate survey, 36% of Americans are willing to go into debt to pay for their summer vacation. Let’s face it: Most Americans work hard and desperately need a break once the kids finish school in the summer. 

Getting into debt to pay for a vacation isn’t a good move. Hopefully, more people will be able to leverage credit card rewards to finance their vacations. 

You can redeem the 75,000-mile welcome bonus from the Capital One Venture Card for $750 in travel credits or transfer them to 19 loyalty programs. By transferring miles to airline and hotel loyalty programs for premium award travel, you can extract more than $750 in value from the welcome bonus. Here are a few examples:

• Air Canada Aeroplan: From 75,000 miles one-way for business class between the West Coast and Singapore.
• Air France-KLM Flying Blue: 30,000 miles (and up) round-trip for economy class to Europe.
• Avianca Lifemiles: 78,000 miles one-way for business class to the Middle East.
• British Airways Executive Club: 26,000 miles round-trip for economy class from the East Coast to Hawaii.
• TAP Air Portugal Miles&GO: 70,000 miles round-trip for business class from the East Coast to Europe.
• Turkish Airlines Miles&Smiles: 30,000 miles round-trip for United business class within the U.S.
• Virgin Red: 6,000+ miles for a one-way economy ticket between the U.S. and London.
• Wyndham Rewards: Free night awards starting at 7,500 points.

Regardless of how you redeem 75,000 bonus miles, you’re bound to get exceptional value. With the $250 Capital One Travel credit, you don’t even have to obsess about maximizing the bonus miles because the $250 travel credit already offsets the $95 annual fee.

Related: Fly to Europe next summer for 8,600 points OW

Who qualifies for a new Capital One Venture Card bonus?

The Capital One Venture Card requires excellent credit, defined as a credit score of 800-850 points. In addition, a few Capital One application rules may impact whether you qualify and get approved for the Venture welcome bonus:

• One card every six months: Capital One generally will not approve more than one credit card application every six months, including business and personal. 
• Two personal cards per person: Capital One allows you to have two personal cards at a time. While there are reports of folks qualifying for more than two cards, that seems to be the exception and not the norm.
• Welcome bonus eligibility: Capital One may reject your application if you’ve received a new cardmember bonus for the Venture Card in the past 48 months. 
• Too many recent inquiries: If you’ve had numerous recent credit inquiries, your Venture card application may get declined. Additionally, if you’ve applied for two or more Capital One cards in the past 30 days, you likely won’t be eligible for another one.
• Other Capital One application rules: The Capital One Venture Card page lists several other factors that may impact approval. They include providing inaccurate information, delinquencies on your credit report, previous charge-offs, or past-due accounts.

Is the Capital One Venture limited-time offer worth it?

The current welcome bonus is a no-brainer since the Capital One Venture Card’s annual fee is only $95. You’ll get the annual fee covered for almost two and a half years.

Plus, the Capital One Venture Card’s current welcome bonus is one of the best we’ve seen for years. Many credit cards offer elevated welcome bonuses at the moment, which can help you book travel for less. But the $250 Capital One Travel credit from the Venture Card can do so in a more tangible way.

Whether you’re a reward maximizer or simply want an easy way to earn/redeem points on travel expenses, the Capital One Venture Card can be a great choice. 

Opinions expressed here are author’s alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post. 

This story was originally published on Jul 16, 2024. It has been updated with the most recent information.