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The 100,000 bonus miles from the Capital One® Venture® Rewards Credit Card is currently the talk of the town. Capital One has recently released this as a limited-time offer for cardholders along with new redemption offers.
If you’re still having doubts about getting the card, now’s the time to get it. The card currently offers a competitive miles earning rate which is at 2x miles on all purchases, and the additional 100,000 bonus miles has just made the deal for potential cardholders even sweeter. There’s no mention of when this will last so better take advantage of the Capital One Venture 100k bonus offer.
How To Earn The Capital One Venture Card 100k Bonus
New cardholders are eligible for the Capital One Venture Card 100k bonus if they are able to use the card and spend $20,000 worth of purchases within the first 12 months of getting the card.
This new offer is two times the previous offer which is 50,000 Capital One miles after spending $3,000 in the first three months.
There are actually two ways of earning the bonus offer and here’s a better explanation of how it works.
- Earn the first 50,000 bonus miles (which is the original welcome offer) by spending $3,000 in the first three months of getting the card.
- Earn the second 50,000 bonus miles by spending the remaining $17,000 (to reach the $20,000 spending threshold) within the first 12 months.
This means that you can still earn 50,000 bonus miles if it’s impossible for you to get 100,000 bonus miles by spending $20,000 within one year.
Also, if you miss the time window of spending $3,000 within the first three months to get the 50,000 bonus miles, you’re still eligible to earn the Capital One Venture Card 100k bonus if you can catch up and spend $20,000 within 12 months of getting the card.
Existing or past Venture cardholders may not be qualified for this new offer. The offer is time-limited but they did not mention when it will end.
Is the 100k Bonus Available For Other Capital One VentureOne Card?
No! The Capital One VentureOne Rewards Credit Card does not have the 100k bonus offer. However, it does have a great offer for new cardholders which is 20,000 bonus miles after spending $1,000 within the first three months of getting the card.
It’s a great beginner credit card since the spending threshold isn’t that high to get the welcome offer. Plus, the card earns an unlimited 1.25 miles per dollar on everyday purchases and has zero annual fees.
Earning Miles On Your Capital One Venture Card
The Capital One Venture Card has a very simple rewards structure which is 2x miles on all purchases. Some say that other cards can offer higher rates such as 5x on travel purchases, but then again, those rates are only limited to their assigned category.
The advantage of the Venture Card is its simplicity and the assurance that you can earn a solid 2x miles on everything you buy.
Venture cardholders will also earn unlimited 5x miles on Uber Eats purchases through January 2021 and unlimited 5x miles on hotel bookings and car rentals that were booked on the Capital One Travel website.
New Non-travel Redemptions Extended Through 2020
When the pandemic hit the travel industry hard a few months ago, a lot of credit card issuers (including Capital One) gave cardholders more non-travel redemption options.
Capital One allowed redemptions on food delivery, takeout, streaming services, and phone services for its credit cards depending on the type of card you have.
The temporary non-travel redemptions were supposed to end on September 30, however, Capital One has extended it up until December 2020.
Here are the additional redemption categories for the different Capital One cards.
Capital One Venture & Capital One VentureOne Cards
Venture & VentureOne cardholders will be able to redeem their miles for food delivery, take out, and streaming services. Some of the eligible delivery services include Doordash, Postmates, and Uber Eats. Meanwhile, some of the eligible streaming services include Kindle Unlimited, Spotify, Hulu, and Netflix.
Capital One Spark Business Miles & Capital One Spark Business Miles Select
Cardholders will be able to redeem their miles for food delivery and takeout too. However, instead of streaming, they can only redeem their miles for phone services. Some of the eligible phone services include T-Mobile, At&T, and Verizon.
Read More: Capital One Secured Mastercard Review
The Capital One Venture Card 100k bonus is great news for new applicants. You get to transfer these miles to a variety of transfer partners or just use them to cover travel costs.
Getting the first 50,000 bonus miles is highly-recommended but we strongly advise that you manage your finances well before you go for the second 50,000 bonus miles.