New Offer on the No-Annual-Fee Capital One VentureOne Card: 40K Miles and $100 Travel Credit

Capital One’s miles-earning card with no annual fee is out with a new, elevated welcome offer that could give you a travel credit and 40,000 bonus miles for a reasonable spending requirement.

While the issuer’s other cards often steal the spotlight, the ability to earn miles and access the full range of Capital One’s transfer partners on a card with no annual fee is a valuable offer in its own right. Now, adding the card to your wallet could be even more valuable.

What’s the new welcome bonus on the Capital One VentureOne Rewards Credit Card*×Information collected independently. Not reviewed by Capital One.? Let’s take a look.

Elevated Welcome Offer on the Capital One VentureOne Card

New applicants for the Capital One VentureOne card can earn 40,000 bonus miles and a $100 travel credit after spending $1,000 on purchases within 3 months of opening their account. The $100 travel credit is for use within the Capital One Travel portal.

That’s a solid offer on a card with a $0 annual fee, and it’s up from the card’s previous offer of 20,000 miles and a $100 travel credit, though that offer had a smaller spending requirement at $500.

We value Capital One Miles at 1.8 cents apiece. That makes the 40,000 miles worth $720 for a total value of $820 in this welcome offer when you add in the travel credit. Against a $1,000 spending requirement, that’s an 82% return — pretty solid.

Overview of the Capital One VentureOne Card

The Capital One VentureOne card isn’t without perks, though the list of benefits for cardholders is rather modest, given the $0 annual fee. Cardholders get the following perks:

• An unlimited 1.25 miles per $1 spent on everyday purchases
• 5 miles per $1 spent on hotels, vacation rentals, and rental cars booked through Capital One Travel
• Access to the full list of Capital One’s transfer partners and other miles redemption options
• Access to Capital One Entertainment
• Complimentary Hertz Five Star Status

Final Thoughts

Capital One’s no-annual-fee card has an elevated welcome offer, providing a $100 travel credit and 40,000 bonus miles to new applicants who spend $1,000 on purchases within 3 months of opening their account. That’s double the number of miles you could get with the card’s previous welcome offer.

Unlike cards from other banks, which often restrict or reduce your options for redeeming rewards on a card with no annual fee, the Capital One VentureOne card has access to all of the same transfer partners as other Capital One cards. Now could be a great time to add it to your wallet.