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The Capital One Venture Rewards Credit Card is one of the best credit cards for travel rewards for several reasons. Cardholders earn at least 2x miles on every purchase, get a fee credit of up to $100 for TSA PreCheck or Global Entry, and can take advantage of the ability to transfer miles to hotel and airline loyalty programs.
This card makes it easy to earn and redeem credit card miles. Speaking of, let’s talk about that bonus.
New Capital One Venture Rewards Credit Card cardholders can earn $250 to use on Capital One Travel in their first cardholder year, plus 75,000 bonus miles once they spend $4,000 on purchases within the first 3 months from account opening—that’s equal to $1,000 in travel.
With the many benefits available, it’s worth knowing if you can qualify for the Capital One Venture bonus twice.
Can You Get The Capital One Venture Bonus Twice?
If you’re a previous Capital One Venture Rewards Credit Card cardholder, you may want to apply again for this card because of its flat-rate rewards on every purchase. Or perhaps you like the bonus offer (it is pretty good) and are you only going to apply if you can earn the bonus again. But, can you get the Capital One Venture bonus twice?
The answer may surprise you.
Capital One Venture Bonus Offer Rules
Let’s go straight to the source and see what Capital One says about the Venture bonus:
Once you qualify for this bonus, we will apply it to your rewards balance within two billing cycles. Existing or previous Accountholders may not be eligible for this one-time bonus.
Also, the footnotes on the Capital One Venture Rewards Credit Card homepage contain this phrase:
One-Time Signup Bonus
It appears you can only earn the Capital One Venture bonus once under the current policy. Unlike the American Express “once in a lifetime” policy, the wording is a little vague.
Here’s a visual example of the American Express® Gold Card welcome offer:
Welcome offer not available to applicants who have or have had this Card or the Premier Rewards Gold Card. We may also consider the number of American Express Cards you have opened and closed as well as other factors in making a decision on your welcome offer eligibility.
It’s clear with Amex that you won’t get a second welcome bonus again if you close your account and re-apply in the future.
Capital One’s wording is a little cloudy in these three phrases:
- “Existing or previous Accountholders may not be eligible for this one-time bonus.”
- “This one-time bonus is available by clicking the “Apply Now” button”
- “The bonus may not be available for existing or previous account holders.”
This means you might qualify for a repeat Venture signup bonus. However, a quick online search shows no data points where people earn a second signup bonus.
To play it safe, you should ask Capital One before re-applying to see if you might qualify. They might decide on a case-by-case basis.
What To Do Instead
If you can’t earn the Capital One Venture Rewards Credit Card bonus again, you have other options for a signup bonus.
Have Your Spouse Apply for the Capital One Venture Rewards Credit Card
Your spouse can apply for their own Capital One Venture Rewards Credit Card and earn the signup bonus. If they are currently an authorized user on your Venture Card account, they will need to cancel their additional card first.
To avoid a hard credit check on your credit report, you can be an authorized user. You can also save your credit check for a credit card offering a signup bonus.
Going For a Different Capital One Venture Card
There are two consumer Venture Card alternatives: the Capital One VentureOne Rewards Credit Card and the Capital One Venture X Rewards Credit Card.
VentureOne
VentureOne earns unlimited 1.25x miles on every purchase, every day. It also earns 5x miles on hotels and rental cars booked through Capital One Travel. It has a $0 annual fee and a $0 foreign transaction fee.
New Capital One VentureOne Rewards Credit Card cardholders can earn 20,000 bonus miles after spending $500 on purchases within three months from account opening, equal to $200 in travel.
Why apply for the VentureOne? You earn Venture Miles that you can pool with the full-fledged Capital One Venture or the Capital One Spark Miles business credit cards. This makes it easier to redeem your Venture miles for larger award amounts.
Venture X
If you prefer a card with premium travel benefits, the Capital One Venture X Rewards Credit Card earns unlimited 2x miles on all purchases. But, cardholders booking hotels and rental cars booked through Capital One Travel earn 10x miles while flights booked through Capital One Travel earn 5x miles.
Other perks include up to $100 fee credit for TSA PreCheck or Global Entry, an annual $300 credit for bookings made through Capital One Travel, an annual boost of 10,000 bonus miles, plus, Capital One lounge and Priority Pass lounge access.
New Capital One Venture X Rewards Credit Card cardholders can earn 75,000 bonus miles when they spend $4,000 on purchases in the first three months after opening an account, which is equal to $750 in travel.
However, the annual fee is $395, but there are $0 foreign transaction fees. Given the $300 annual credit, the annual fee can be reduced to $95.
Go For a Capital One Spark Miles Option
If you own a small business or earn self-employment income, you can qualify for a Capital One Spark Business credit card.
There are two different Spark business credit cards that earn travel rewards. Both cards have the same point redemption options as the personal Venture and VentureOne cards. Plus, you can pool your Spark miles and Venture miles together.
Below are your two different options. The minimum spend is higher than the Venture and VentureOne cards.
Capital One Spark Miles for Business
The Capital One Spark Miles for Business bonus offer is 50,000 miles ($500 value) after spending $4,500 in purchases in the first three months. The annual fee is $0 for the first year and $95 for each anniversary.
Capital One Spark Miles Select for Business
The Capital One Spark Miles Select for Business bonus offer is 20,000 bonus miles ($200 value) after spending $3,000 in the first 3 months. There isn’t an annual fee.
Try for a Different Travel Credit Card
If earning Capital One miles is out of the question, your best option is to pursue one of the best credit card signup bonuses. These bonuses might have a higher cash value than the Venture signup bonus. In other cases, the bonus offer may have a lower minimum spend, which can be a better fit for your budget.
These are two of the best Capital One Venture alternatives:
- Chase Sapphire Preferred® Card: Visit our Chase Sapphire Preferred vs Capital One Venture Credit Card Review comparison for further details
- Citi Premier® Card: Visit our Citi Premier vs Capital One Venture Rewards Review if you would like to learn more
Both cards are similar in many regards. Each card also has a $95 annual fee starting the first year but no foreign transaction fees to worry about.
You can also transfer your points to various airline partners. Citi’s transfer partners are better for international travel. Chase has domestic and international travel partners, including exclusive partnerships with United, Southwest Airlines, IHG, and World of Hyatt.
Summary
The Capital One Venture Rewards Credit Card bonus offer is a one-time prize for most people. To get a similar bonus, you will need to try for another Capital One card that earns travel miles. Otherwise, applying for a different bank credit card is your next best option.
$250 Capital One Travel Credit + 75,000 Bonus Miles: Capital One Venture Rewards Credit Card
FAQs
How much is the signup bonus miles worth?
New Capital One Venture Rewards Credit Card cardholders can earn $250 to use on Capital One Travel in their first cardholder year, plus 75,000 bonus miles once they spend $4,000 on purchases within the first 3 months from account opening—that’s equal to $1,000 in travel.
Each point is worth 1 cent each for travel statement credits on recent travel purchases and booking upcoming travel through Capital One Travel. You can also transfer your miles to participating airline and hotel partners where each point can be worth potentially more.
Your Venture miles are only worth 0.8 cents each when redeemed for gift cards or cash rewards. So, to get the maximum value, do your best to redeem them for travel.
Do Capital One Venture miles expire?
Capital One Venture Rewards Credit Card miles don’t expire if your card account remains open and in good standing. However, you will lose any remaining miles balance if you close your card. Before closing your account, either redeem the miles or transfer them to another eligible Capital One Venture, VentureOne, Spark Miles, or Spark Miles Select member.
Is the Capital One Venture card a good deal?
The Capital One Venture Rewards Credit Card can be a good deal if you prefer redeeming your credit card miles for award travel. Each point is worth 1 cent for award travel but only 0.8 cents for cash rewards. You might be able to get at least 1 cent per mile by transferring to an airline partner to book an award flight.
The Venture can also be a good card if you want to earn 2 miles per $1 on all purchases. The flat-rate rewards make it easy to earn bonus miles on your daily spending when travel, dining, gas stations, and other tiered categories are not your most common purchases. However, if you want to earn a few more miles on travel, good news—earn 5x miles on hotels and rental cars booked through Capital One Travel.
You must decide if the reward miles you earn and the Global Entry or TSA PreCheck are worth the $95 annual fee for this metal credit card.
Related Articles:
- How Many Credit Cards Can You Have?
- How Hard Is It To Get the Capital One Venture Rewards Credit Card?
- Best Rewards Portal Comparison
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