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What Is the Current Capital One Venture Welcome Bonus Offer Worth?

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Jarrod West
Edited by: Jessica Merritt
& Stella Shon
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The Capital One Venture Rewards Credit Card is one of the best credit cards on the market, and its welcome bonus offer of Capital One miles is considerably. Given that Capital One miles offer flexible redemptions, you might wonder how much value you can receive from this welcome offer.

Unsurprisingly, that all depends on how you redeem your rewards. In this post, we will walk you through some of the top redemption options so you can decide which is best for you.

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Capital One Venture Card Overview

New cardholders of the Capital One Venture card can enjoy the following benefits for a $95 annual fee (rates & fees):

  • Welcome bonus offer: Earn 75,000 miles once you spend $4,000 on purchases within the first 3 months from account opening, equal to $750 in travel.
  • 5x miles on hotels, vacation rentals, and rental cars booked through Capital One Travel
  • 2x miles on all other purchases
  • Up to a $120 Global Entry or TSA PreCheck application fee credit
  • Access to Capital One Offers and Capital One transfer partners

But how much is this introductory welcome offer worth? Let’s break down some of your options.

1. Redeem for Cash-Back: $375

One option for redeeming 75,000 miles earned with the welcome bonus offer is cash-back or a statement credit to offset purchases made with your card. We don’t recommend this redemption option unless you need cash.

Capital One only offers a 0.5-cent per mile redemption value when you redeem your miles this way, making 75,000 Capital One miles worth just $375.

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2. Redeem Through Capital One Travel: $750

Redeeming your Capital One miles through the Capital One Travel portal would be a much better option as your redemption value doubles, giving you a value of 1 cent per mile. Better yet, you’ll find plenty of options for purchasing through Capital One Travel, including flights, hotels, rental cars, and cruises.

This means your 75,000 Capital One miles would be worth $750 in Capital One Travel value.

Hot Tip:

You can also redeem your Capital One miles to cover eligible travel purchases on your statement within 90 days at the same rate — without requiring the purchase to be made through Capital One Travel. Whether you’re booking airfare or train tickets, Capital One miles can be redeemed at a simple value of 1 cent per mile.

3. Redeem With Capital One Transfer Partners: $1,350+

However, the absolute best way to redeem Capital One miles is with Capital One transfer partners. You can book luxury experiences like first class and business class flights or 5-star hotel stays for a fraction of what they usually cost. This is why we value Capital One miles at 1.8 cents per mile.

You can transfer 70,000 Capital One miles to Qatar Airways Avios to book a one-way ticket between the U.S. and Doha in what many consider the world’s best business classQatar QSuites. If you were to pay cash, this ticket typically costs $10,000+, giving you a value of over 14 cents per mile.

Qatar Airways Qsuites
Qatar Airways Qsuites. Image Credit: Katie Seemann

Final Thoughts

Ultimately, the value of the limited-time welcome bonus offer on the Capital One Venture card depends on how you redeem your points.

At the low end, you should get at least $375 if you redeem your miles for cash-back, though we really don’t recommend this option. Using your miles could give you $750 in value, or upwards of $1,350+ if you use the Capital One transfer partners. The choice is yours!

Frequently Asked Questions

Is the Capital One Venture card worth it?

In our view, the Capital One Venture card is one of the best credit cards on the market thanks to its combination of bonus categories, the strength and flexibility of the Capital One miles program, and its perks and benefits for a reasonable annual fee.

Whether you’re just getting started in the world of points and miles or are a seasoned pro, the Capital One Venture card is likely worth considering.

Is it hard to be approved for the Capital One Venture card?

Generally speaking, you should have strong approval odds if you have a credit score of 670 or higher. Capital One will also consider your income, the number of cards you’ve opened recently, your history with Capital One, and other qualifying factors.

How much are 75,000 Capital One miles worth?

That depends on how you redeem them. If you redeem them for cash-back you’ll receive a redemption rate of 0.5 cents per point, making 75,000 miles worth $375.

If you redeem them through Capital One Travel, you’ll receive a redemption rate of 1 cent per point, making 75,000 miles worth $750.

But if you redeem them through the Capital One transfer partners, you can potentially get far more value. Redemptions of 2+ cents per mile are very common.

What airlines can you use your Capital One miles on?

You can transfer your Capital One miles to many airline partners, including Air Canada Aeroplan, Air France-KLM Flying Blue, British Airways, Emirates, JetBlue, and more. However, if you plan to use your Capital One miles through Capital One Travel, you can book a flight with any airline bookable through the platform.

What are the benefits of the Capital One Venture card?

Some of the best benefits of the Capital One Venture card include the ability to earn 2x to 5x miles on your purchases, a Global Entry/TSA PreCheck credit, no foreign transaction fees (rates & fees), card protections, and access to the Capital One transfer partners.

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About Jarrod West

Boasting a portfolio of over 20 cards, Jarrod has been an expert in the points and miles space for over 8 years. He earns and redeems over 1 million points per year, and his work has been featured in outlets like The New York Times.

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