The $95-annual-fee Capital One Venture Rewards Credit Card is tweaking its welcome offer.
As of Dec. 15, 2020, new cardholders can earn 60,000 bonus miles after spending $3,000 on purchases within 3 months of account opening. That’s a value of $600 when you redeem for travel.
Previously, the card featured a limited-time offer of 100,000 bonus miles after spending $20,000 on purchases in the first 12 months from account opening, or 50,000 miles after spending $3,000 on purchases in the first 3 months. That 100,000-mile offer is gone, but lower spenders may do better with this latest incentive.
The Capital One Venture Rewards Credit Card still earns 2 miles per $1 spent on all purchases. The card also has a broad definition of travel, meaning you can redeem miles toward the traditional "Big Three" — airfare, hotels and car rentals — but also potentially toward things like vacation rentals. Airbnb and VRBO can be good options for those seeking socially distanced accommodations amid the COVID-19 pandemic. And if you’re not traveling currently but have set some travel goals for the future, you can collect miles with the card until you're ready for a getaway.
Travel redemptions generally offer the best value, but you can redeem miles toward eligible restaurant purchases (including takeout and delivery) and qualifying streaming services at a penny apiece through April 30, 2021.