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The 60K bonus miles from the Capital One Venture Rewards Credit Card is very valuable for credit card enthusiasts. In fact, Capital One increased it to 100K a few months ago for a limited time before it reverted back to 60K this December.
The previous offer was 100K miles after spending $20,000 within 12 months. But the 60K welcome offer is still a no-brainer because of its competitive miles earning rate of 2x miles on all purchases and the ability to transfer these miles to more than 10+ loyalty programs.
How To Earn The Capital One Venture Card 60K Bonus
New cardholders are eligible for the Capital One Venture Card 60K bonus if they are able to use the card and spend $3,000 worth of purchases within the first 3 months of getting the card.
Cardholders will also earn unlimited and non-expiring 2x miles on every single purchase they make. Earn unlimited 2X miles on every purchase, every day. This makes the Capital One Venture Card’s $95 annual fee all worth it.
There are no blackout dates when you fly with any airline or stay at any hotel. Points are also transferrable to more than 10 travel loyalty programs.
Other perks also include a $100 application fee credit for Global Entry or TSA Pre-check.
Capital One Venture Card Vs Capital One VentureOne Card
Also, the Venture Rewards card has a bigger welcome offer at 60,000 miles while the VentureOne Rewards card only offers 20,000 bonus miles after spending $500 within the first three months of getting the card (valued at $200 in travel).
If you’re not a big spender and if it’s your first time getting a travel credit card, then the VentureOne Rewards is a great choice. The spending threshold isn’t that high to get the welcome offer and 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.
New Non-travel Redemptions Extended Through 2021
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 in the year 2020, however, Capital One has extended it up until April 30, 2021.
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 from purchases made within the past 90 days 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 60k 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.
It’s a great card for beginners and experienced credit card holders. The new travel redemption categories have also been extended until 2021 so now’s the time to take advantage of these offers.