(End Date Announced) Massive 100K Capital One Venture Card Offer Just Dropped

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100K Capital One® Venture® Card Offer

100K Capital One Venture Card Offer Just Launched With Restrictions

Update 7/13/21: It appears this offer will be going away on the 19th per Doctor of Credit.

As we all know, 2020 has been a terrible year.  One of the few silver linings has been some pretty great card launches, offer increases and tons of statement credits. In the last few weeks Chase has been dropping bombs and Capital One wanted in on the action.  Today there is a new 100K Capital One Venture card offer which is double the normal offer.  There is one big caveat that comes with it and some big spending requirements. Let’s take a look at the details of this massive 100K offer.

Some Of These Offers May Have Ended Or Changed

Details of the Offer

  • Earn 50,000 Venture miles after spending $3,000 within the first 3 months of card opening.
  • Earn an additional 50,000 miles after spending $20,000 within the first 12 months of card membership. This would include the original $3,000 in spend, so an additional $17,000 in spend overall.
  • Venture cardholders earn 5X miles on all food delivery and pickup orders with Uber Eats (through January 31, 2021).
  • Venture cardholders earn 5X miles on hotel and rental cars booked through Capital One Travel℠(www.capitalonetravel.com).
  • Earn 2 miles per dollar on all other spend.
  • $95 annual fee is NOT waived
  • Learn More

Venture card art

Card Perks

Here are the other card perks for the Capital One Venture card:

  • No foreign transaction fees
  • You can transfer Venture miles to travel partners.
  • You can redeem your miles at cent a piece on travel purchases to wipe off the charge.
  • Venture miles can also be redeemed at 1 cent a piece on select gift cards.
  • Redeem miles at 1 cent a piece on restaurant delivery, takeout and streaming service purchases from thousands of merchants (through December 31, 2020).
  • $100 Global Entry or TSA Pre Check
  • Learn More

My Thoughts On The 100K Capital One Venture Card Offer

This offer is pretty great if you are able to get it.  The $20,000 in spend is steep but they do give you 12 months to meet the spend.  That is under $1,700 a month, easily reachable for most.

Some people will look at the opportunity cost of having a large $20,000 spending requirement.  The good thing is you will be earning 2X on all of your purchases so you will be getting 2% back the entire time on top of the welcome offer.  So you are not losing anything compared to most everyday spend cards. It is true that you could put the additional $17,000 required for the second 50,000 points towards other welcome offers. My response to that would be that approvals are getting harder and harder to come by. Because of that I don’t mind spreading my applications out intentionally by taking advantage of these offers with larger spend required and big bonuses.

Are you considering this offer? Is it worth the increased spending required?  Let me know your thoughts in the comments.

Mark Ostermann
Mark Ostermann is a father, husband and miles/points fanatic. He left the corporate world after starting a family in order to be a stay at home dad. Mark is constantly looking at ways to save money and stay within budget while also taking awesome vacations with his family. When he isn't caring for his family or taking a weekend trip, Mark is working towards his goal of visiting every Major League Baseball ballpark.

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  1. Dumb question – is this card issued as a visa? Getting an HVAC system installed via Costco later this month so looking for a Visa card that maximizes my ~15k spend.

  2. The, “wasting 20k spend, you could sign-up for several other cards” argument, while true, usually fails to look at this offer from a more practical viewpoint:

    With the Sign-up bonus & $20k of spend, at 2 points per dollar, you a grand total of 140k points. With 12 months to meet the spend, most folks in this game can reach that. If you put all of your non-bonus spend on this card (taxes, insurance, car repairs, kid’s braces, etc.) you are getting 7x on all of that normally 1x spend.

    There are also plenty of wonderful travel-related opportunities out there that are simply not accessible by CC portals like Chase/Citi/etc., or payable with normal ‘points’. $1400 of free travel spend in this arena is a great deal. Add a couple of Card referrals for your self (at 20k points each) and now you just shy of $2000 of free travel spend.

    • I applied for the card last week, prior to the reintroduction of the elevated bonus, and was instantly approved. When the elevated bonus dropped earlier this week, I called CapOne to see if they’d extend it to me. After a couple days I got a call back from them, telling me “no”.

  3. I’m in. After living through COVID, heart failure and cancer all in 2020, I am getting prepared for a return to normal in 2021, And now that I’m confident that I’m going to remain alive I’m refocusing my efforts to earn more points again.

    • That is a hell of a 2020 Brad. Glad you came through everything alright! Here is to a much improved 2021 😉

  4. I’m still offended Cap1 closed my card on me. Granted, I never used it, but I liked it as a no-Fx-fee backup in the event I lost my Sapphire Reserve. And it was my second oldest card….ouch!

  5. If somebody has had the card, and is refused for that reason, it would be interesting to see if there is even a credit pull. There shouldn’t be if Capital One IT is decent.

    I’m working on the spend for the Barclay JetBlue 60K deal, and a new Southwest card. I’m not into MS, so no further new cards for a bit.

    • Once this mortgage closes I am gonna have my wife apply. She has had it in the past but hopefully someone else has a DP before then.

    • For that extra spend, it would be hard to actually say it’s a good deal unless all other avenues for earning bonuses are closed. $17K extra is at least 3 more signing bonuses elsewhere. If one is under 5/24 substantially, it would make more sense to get 2 or 3 other cards for their bonus offers. If you’re maxed on cards or are in need of a freeze on your applications due to buying a home or refinancing, this may be somewhat appealing. Otherwise, opportunity cost is too great. Same issue with the AMEX Business Platinum, 100K for $15K (in 3 months); too much spend for limited amount of points that can be gained elsewhere.

      • There are assumptions here. One, that your spend is limited and two that you want to sign up for multiple cards. You are also not taking into account that the extra $20,000 is spread out over 12 months.

        If I told you I had a card that would earn you 4.5X on all non bonus spend for your next $20K in spend over 12 months would you say that is a bad deal or a good deal?

        I guess it is all how you look at it…as is most things in this game.

  6. I’m closing in on 107,000 airmiles and 20 new countries visited so far in 2020. Currently in the middle of an 11 month, Round the World stint. So, I disagree it’s been a bad year, by any stretch.

    It’s bad if you follow the hype, and hysteria, and don’t think for yourself.

    For me – and my fiancé – it’s been the best traveling of my entire life.
    We don’t listen to any of that, and are free humans.

    It’s funny to see everyone having fallen in line so much, and then, after 6 months of begging to be locked up – now saying ‘2020 sux!’

    Lol, no. Your attitude and approach to life, buying into social media hype, listening to media and doing whatever your local politicians decided was best for you – THAT sucks.

    • You can’t hear it but I am giving you a slow clap right now George ;). There is a hell of a lot more to this world and people’s lives than travel.

    • I think the hundreds of covid patients my 2 hospitals loaded into body bags would disagree, but you do you man. Working in the covid units is something I’ll not forget for a long, long time.

    • When I read an ignorant comment like that I just have to cringe when I hear the phrase “Jury of my peers”.


    • You mentioned you can’t have or had a venture card in the past in order to get the bonus. I read the offer very carefully and could not find that stipulation…only that you couldn’t have opened two cap one cards in the last 30 days. Are you sure of your facts? Where did you see the fact that current or previous cardholders are not eligible. Thanks much

      • I said in the article I could not find it in the terms either. It came directly from their marketing department and I double confirmed it. But since it isn’t in the terms I don’t think they can enforce it. Not sure if they were misinformed or if the offer was loaded improperly.

  7. That’s a whole lot of spending to tie up into one card givent that so many other potential offers which collectively might outweigh the extra 50,000 points might come along.

    • It is something each person has to consider for sure. Big spenders will love the offer. People with limited opportunity will see it as too much.

      • Since its a master card it should work no problem with 2% back on Simmons $1000 GC correct? If thats the case I can hit $20k in 1 swipe but not so sure of they will honor the bonus im sure something in the terms about GC purchases. Besides the welcome offer if the card offers 2% cash back o could add it to my MS line up cards.


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