Capital One is offering a
75,000 mile bonus after you spend $4,000 on purchases within the first 3 months from account opening with the
Capital One Venture Rewards Credit Card. There is $95 annual fee.
Card Details:
- 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
- Earn unlimited 2X miles on every purchase, every day
- Earn 5X miles on hotels, vacation rentals and rental cars booked through Capital One Travel
- Miles won't expire for the life of the account and there's no limit to how many you can earn
- Receive up to a $120 credit for Global Entry or TSA PreCheck®
- Use your miles to get reimbursed for any travel purchase—or redeem by booking a trip through Capital One Travel
- Enjoy a $50 experience credit and other premium benefits with every hotel and vacation rental booked from the Lifestyle Collection
- Transfer your miles to your choice of 15+ travel loyalty programs
- Top rated mobile app
Rates & Fees
Read our review on the Capital One Venture Rewards Credit Card
Slickdeals may be compensated by Capital One.
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And chase portal for travel is pathetic in flight selection. C1 portal offers tickets and price better than Expedia
...what?
You're conflating two different things here and making a lot of math mistakes.
2x is what you earn on spend with the C1 card.
Then you only get 1x value for those points in the portal.
So you effectively "earn" 2 cents per dollar spend in rewards.
Meanwhile, over in Chase land--- you earn 3-5x on all spend you can fit into a bunch of categories across several different chase cards.... and you then earn 1.5x on non-category spend with an unlimited chase card.
(Cap 1 in contrast has no bonus categories on any card I can see other than for cash bookings in the portal)
Then you ALSO get 1.5x value in the portal with chase. These multiply with the earnings bonus.
Which means your NON category stuff gets you... 2.25 cents per dollar spent in rewards.
2.25 is higher than 2.
And for the stuff you got 3-5x chase points on the spend (via CSR, Ink Cash, or Freedom cards) you are effectively getting 4.5-7.5 cents per dollar spent in rewards.
So Chase>C1 by a large margin overall if you're a portal user in terms of actual value of the reward redemptions.
All of which ignores the fact much HIGHER values are to be had by transfering your points to airline and hotel partners instead of using the portal in most cases.
There it'll be more situational, but the lack of a worthwhile hotel partner for C1, vs Hyatt offering often north of 2 cents per point with Chase, puts Chase in the winners seat again.
Planning to buy a flight ticket next month, if I get approved for this card
Thank you! What's an easy way to hit the 4k spending limit?
I personally paid my property taxes with the Credit card to get a nice head start.
You're conflating two different things here and making a lot of math mistakes.
2x is what you earn on spend with the C1 card.
Then you only get 1x value for those points in the portal.
So you effectively "earn" 2 cents per dollar spend in rewards.
Meanwhile, over in Chase land--- you earn 3-5x on all spend you can fit into a bunch of categories across several different chase cards.... and you then earn 1.5x on non-category spend with an unlimited chase card.
(Cap 1 in contrast has no bonus categories on any card I can see other than for cash bookings in the portal)
Then you ALSO get 1.5x value in the portal with chase. These multiply with the earnings bonus.
Which means your NON category stuff gets you... 2.25 cents per dollar spent in rewards.
2.25 is higher than 2.
And for the stuff you got 3-5x chase points on the spend (via CSR, Ink Cash, or Freedom cards) you are effectively getting 4.5-7.5 cents per dollar spent in rewards.
So Chase>C1 by a large margin overall if you're a portal user in terms of actual value of the reward redemptions.
All of which ignores the fact much HIGHER values are to be had by transfering your points to airline and hotel partners instead of using the portal in most cases.
There it'll be more situational, but the lack of a worthwhile hotel partner for C1, vs Hyatt offering often north of 2 cents per point with Chase, puts Chase in the winners seat again.
Short run (just to get the bonus then wait to cancel) they look the same to me.
I'm waiting for Chase Sapphire Preferred to get to 80K bonus and will probably pull the trigger (gave up on waiting for 100K bonus that they had offering back in last quarter 2021
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Planning to buy a flight ticket next month, if I get approved for this card
You can use the miles earned to offset the travel related expenses. For instance, you can used 10,000 miles to offset $100 toward a flight ticket.
Short run (just to get the bonus then wait to cancel) they look the same to me.
As short term SUBs, sure, both are worth doing.... that said, Cap 1 seems vastly pickier than Chase.... Chase (and Amex, BoA, etc) all seem happy to give me lots of cards as long as I follow the known rules for each... Cap1 I got a targeted mailing for 100k pts for venture like 5 years ago, churned that and downgraded to a QS after 1 year, and have been turned down for every application since then with C1 all the while still getting cards for all other major banks without issue.... (esp painful given they pull all 3 bureaus-- and yes I know about their 1/6mo and 2/max rules and wasn't afoul of either any time I applied--- >800CS, high income, etc)
Any chance you have your credit frozen? Because that's a reason for both things you described.
huh...only other case I can recall ever having a denial and NOT getting a hard pull was I once applied for a BoA business card where they gave me the 7-10 days to let you know message on application-- and then a week later got a letter saying the welcome offer I applied under was no longer available so they had to turn me down.... no hard pull appeared.
Would definitely be interested to see what your letter says if you're willing to post the results here when you get it.
Your utility bills, pay in advance. That's what I did.
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I have an 840 credit score and no debt, so if I didn't get approved, who are they targeting with this credit card? Elon Musk and Jeff Bezos? 😂