Capital One Venture Credit Card Review (Update 2026.1: 75k+$250 Offer)
2026.1 Update: New offer is 75k + $250 Capital One travel credit.
2025.5 Update: 75k+$250 offer has expired. Current offer is only 75k.
2025.2 Update: New offer is 75k + $250 Capital One travel credit.
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Benefits
- 75k+$250 offer: earn $250 to spend on Capital One Travel in your first cardholder year, and earn 75,000 Capital One Miles when you spend $4,000 in the first 3 months. Best recent offer is 100k.
- The total cost of Capital One Miles is 1.6 cents/point. See below for a brief introduction. So a top offer of 100k would be worth $1,600!
- Earn 5X miles on hotels, vacation rentals and rental cars booked through Capital One Travel; earn 2X unlimited miles on every purchase, every day.
- Credit up to $120 for Global Entry or TSA Precheck application fees.
- There is no foreign currency.
Evil
- $95 annual fee, NO first year fee. (Prior to 2017.10, the annual fee was $59)
- Capital One will pull all three major credit bureaus (Experian, TransUnion, Equifax) into one credit card application!
Introduction to Capital One (C1) Miles
- You can earn C1 Miles with two types of cards: Earn miles cards, or cashback cards. Major earning miles cards include: Capital One Venture Rewards Credit Card, Capital One VentureOne Rewards Credit Card, Capital One Spark Miles for Business. Cashback cards mainly include: Capital One Savor Cash Rewards Credit Card, Capital One SavorOne Cash Rewards Credit Card, Capital One Quicksilver Cash Rewards Credit Card, Capital One Spark Cash Plus etc.
- You can transfer your C1 Miles from a Miles earning card to another Miles earning card at any time, and you can also transfer your refund from a refund earning card to a Miles earning card at any time. However, you cannot transfer your Miles from the Miles earning card to the cashback card, so the cashback is more flexible than the Miles in the C1 program.
- C1 Miles do not expire. You will lose C1 Miles on one card if you close the account, but you can prevent losing your C1 Miles by transferring points to another C1 card in advance.
- If you have a Miles earning card, C1 Miles can be transferred to certain airline miles and hotel points. Other good 1:1 transfer options are: Air Canada (AC) (Star Alliance), Avianca (AV) (Star Alliance), Asia Miles (CX) (Oneworld), British Airways (BA), and Wyndham hotel points, etc. If you use C1 Miles this way, the price is about 1.6 cents/point.
- You can redeem your C1 Miles for travel expenses at a fixed rate of 1.0 cent/point. You can also redeem your C1 Miles towards merchant gift cards at a rate of 1.0 cent/point.
- You can redeem your C1 Miles for statement credit at a fixed rate of 0.5 cents/point.
- In summary, we estimate that C1 Miles are worth about 1.6 cents/point.
Recommended Application Period
- We recommend that you apply for this card after you have a credit history of at least two years and are very comfortable with the credit card game.
- [New] [48 month rule] You are not eligible to receive this product if you received a new member bonus Capital One Venture card or Capital One Venture X card within the last 48 months.
- [1/6 rule] You can apply for 1 Capital One credit card every 6 months, including personal and business credit cards. You will get an automatic disclaimer if you break this rule, but there will be no hard pull.
Summary
In 2021, Capital One upgraded its Miles program significantly, making this card even more valuable. Now that C1 Miles are valued at more than 1 cent/point, everything available at 2x is attractive. The reward structure itself is similar to Citi Double Cash (DC) in the TYP program, and this card has an annual fee, but the C1 Miles program has other good cards with good earning rates to work with. Note that Capital One will pull all three major credit bureaus (Experian, TransUnion, Equifax) for a single credit card application, and it’s very difficult to get approved if you have a recent bad credit history. If you don’t want this card after one year, you can downgrade it to Capital One VentureOne.
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Note: Sometimes there are offers like 50k+50k on this card, but the spending requirements after the last part are huge. Therefore, we do not treat them as a sign-up bonus.
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