Venture Boosts Sign-up Bonus — and Annual Fee
Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.
» This page is out of date
The terms of the Capital One Venture Rewards Credit Card have changed, and this article is out of date. See our details page on the Capital One Venture Rewards Credit Card for up-to-date details.
The Capital One Venture Rewards Credit Card introduced big changes today — and for would-be applicants considering the card for the long haul, it’s mostly bad news.
The popular general travel credit card made two major updates:
A bigger annual fee: The new fee is $95. Previously, the fee was $59, waived the first year. That's an increase of more than 60%.
A larger sign-up bonus: Capital One advertises the new sign-up bonus this way: "Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel.." Previously, the card's sign-up bonus was worth $400.
Capital One says these changes will not affect existing cardholders. They will apply only to new accounts.
So, if you’re thinking about getting the Capital One Venture Rewards Credit Card, what does this mean for you?
You’ll get less long-term value. If you’re planning on holding this card long-term, the $100 increase in the sign-up bonus doesn’t help much. Within four years, you’ll have paid over $100 more in annual fees compared with what you’d have paid with the previous annual fee. Even with the card's robust rewards rate — 2 miles per dollar spent on all purchases — you'll have to spend $4,750 a year after the first year to break even on the annual fee. Before, you had to spend only $2,950.
There may be better options available. Check out our best credit cards page for other outstanding travel credit cards. Or, check out other 2% cards.
The changes on the Capital One Venture Rewards Credit Card are good news for at least one group: Those looking to snag a big sign-up bonus without paying the first-year annual fee. But if you’re looking for a card you can use for several years, you might want to consider some other options.
Find the right credit card for you.
Whether you want to pay less interest or earn more rewards, the right card's out there. Just answer a few questions and we'll narrow the search for you.