Update 5/1/20: The annual fee is no longer waived the first year. Hat tip to reader Alex
[Update: You can use this link to get the same offer with the $59 annual fee. Discussion here.]
The Offer
Direct Link to offer (go incognito if you don’t see it or try this link)
- Signup for the Capital One Venture and get 50,000 miles when you spend $3,000 within the first three months from card opening
The regular deal on Venture is to get 40,000 ($400), very rarely it goes up to 50,000. The 50,000 is worth $500 either as a travel credit to offset travel costs or in gift card redemption (e.g. Amazon).
At the same time, they’ve apparently raised the annual fee from $59 to $95 (nice sleight of the hand there, Capital One).
Card Details
- $95 annual fee; fee is waived the first year
- Card earns 2x points everywhere (the equivalent of 2% everywhere)
- No foreign transaction fees
- Visa Signature benefits
Our Verdict
Some people might be interested in the Venture as an everyday card, and the 50,000 bonus certainly makes it more enticing.
Being that the fee is waived the first year, this is a straight-up $500 profit which is pretty good for a card signup. Main reason we don’t hear much about Capital One is due to the fact that they pull all three credit bureaus for each application. Keep in mind, you can freeze your Experian or Transunion and limit the pulls to just two, plus a lot of us don’t care about hard pulls much anymore. Another issue is that they seem to be stricter with approvals than other card issuers, and they may also have a rule to only approve one card per six months (hard pull won’t even be done beyond that).
If you’re going to apply, it’s worth checking out these Things to Know about Capital One Credit Cards first.
