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.
- Earn 2 miles per dollar on all other spend.
- $95 annual fee is NOT waived
- Learn More
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.