HOW TO EARN THE CAPITAL ONE VENTURE X REWARDS CREDIT CARD WELCOME OFFER
Vault’s Viewpoint on Earning the Venture X Welcome Offer
- To earn the 75,000-mile Venture X sign-up intro bonus, you must spend $4,000 in the first three months after account opening.
- While the spending requirement appears steep, you can aim to complete it through strategic spending.
- The Venture X sign-up bonus offer is available to applicants with excellent credit and excludes current cardholders and people who’ve received a new cardmember welcome bonus for this card in the past 48 months.
Who Is Eligible For the Venture X Welcome Offer?
People with excellent credit may find the welcome offer for the Venture X available to them which is around 800 or higher. Current and previous Venture X cardholders who’ve received the bonus in the past 48 months do not qualify. There may also be a soft rule that if you’ve been approved for another Capital One card in the past six months, you won’t be eligible for another card (including the Venture X).
It’s important to note that banks like Capital One typically consider numerous factors before approving a credit card application. These include income, existing credit lines, banking relationships and your ability to repay debts. So, while credit history is essential, it’s not the only factor that will determine approval.
How to Earn the Venture X Welcome Bonus
To earn the Venture X welcome bonus, you’ll need to spend $4,000 within three months of account opening. Setting up a plan and strategy is best to ensure you complete the required spending in the allotted timeframe. Here’s a step-by-step guide to help you ensure you maximize your chances of securing the welcome bonus without taking on debt:
Ensure You Qualify Before Applying
The first and most crucial step in earning the Venture X welcome bonus is to ensure you meet the basic requirements for approval. Capital One recommends excellent credit for the Venture X card, which is around 800 or higher. In addition, you won’t qualify for the Venture X sign-up bonus if you’ve received one in the last 48 months as a previous cardholder or are a current cardholder.
Complete the Spending Requirement
Completing the Venture X card’s $4,000 spending requirement within three months of account opening may seem daunting at first. However, planning and tracking your expenses can ensure you stay on course without going over budget. If you’re having trouble getting through the finish line, here are a few tips to help you reach your goal:
Charge Everything on the Card, Including Household Bills
The easiest way to complete the Venture X card’s spending requirement is to charge all of your expenses to the card. Set up automatic payments on all of your subscriptions, add the card to your mobile wallet and use it for all your purchases until the spending requirement is complete.
You may even ask non-traditional vendors if you can pay with a credit card. For example, you might be able to use your card to pay your child’s college tuition or a down payment on a vehicle.
I recently charged a new car purchase to my credit card after negotiating the final price—without fees. It was a nice bonus on top of an already good deal and cost me nothing.
By consolidating your spending onto the Venture X, you’ll earn elevated rewards and inch closer to earning the welcome bonus.
Pre-pay Some Bills (if Possible)
If your budget allows it, consider pre-paying bills like insurance premiums, car payments, cell phone bills and utilities. Many service providers allow you to pay these bills several months in advance, which can help you earn the Venture X sign-up bonus. We only recommend doing this if you’re able to pay your card balance in full every month to avoid interest charges.
Add an Authorized User
Adding an authorized user to your Venture X card is a great way to meet the spending requirement and earn the welcome bonus faster. Make sure to choose someone you trust, since you’re responsible for paying the card balance. You can add up to four authorized users to your card without a fee.
Authorized users also qualify for lounge access perks and Hertz President’s Circle elite status, making this strategy beneficial for everyone.
Shared Expenses
If an authorized user isn’t enough, then consider expenses that you share with trusted friends and family, like home improvement purchases, that make sense to be charged to your card. It may help you complete the spending requirement faster and earn the Venture X welcome bonus within the allotted time.
Pay Travel Expenses
Whether you plan trips in advance or book last-minute, travel expenses can add up substantially. The silver lining is that you can leverage those expenses towards meeting the Venture X card’s spending requirement.
Whether it’s flights, hotels, rental cars or theme park tickets, your Venture X will earn lots of miles. Plus, you’ll enjoy valuable travel protections when paying for these expenses with your card.
How To Earn and Redeem Miles Beyond the Welcome Bonus
The Venture X is a great card for earning and redeeming miles beyond the welcome bonus. Here’s a closer look at how you can make the most of this card:
What Can I Do With 75,000 Capital One Miles?
The 75,000-mile welcome bonus earned after spending $4,000 within three months of account opening is worth at least $750 towards travel. You can redeem it through Capital One’s travel portal or through statement credits on eligible purchases. For example, you can book any travel directly with an airline or hotel, then redeem Capital One miles towards those expenses at 1 cent each. This option is simple, straightforward and great if you prioritize flexibility over high-value redemptions.
If you want the highest value for your Capital One miles, I recommend transferring them to one of 18 travel loyalty programs. My favorite partner includes Flying Blue, which routinely offers steep discounts on international award flights. Avianca LifeMiles is great for high-priced business class tickets, while Turkish Miles&Smiles is popular for cheaper United award flights. Here are some examples of how far 75,000 miles can take you:
- A round-trip business class ticket between New York (JFK) and Lisbon (LIS) for 70,000 Avianca Lifemiles.
- Three one-way economy class tickets between San Francisco (SFO) and Marrakech (MAK) for 20,000 Flying Blue miles each.
- Two round-trip domestic business class tickets on United Airlines for 80,000 Turkish Miles&Smiles.
How To Earn Capital One Miles With the Venture X Card
The Venture X card is great for earning miles beyond the welcome bonus. Cardholders earn unlimited 2X miles on all other purchases outside bonus categories and 10X miles on hotels and rental cars booked through Capital One Travel. Meanwhile, flights booked through the portal earn 5X miles.
The generous earn rate makes it possible to keep accruing lots of rewards, long after you’ve redeemed the 75,000-mile welcome bonus (earned after spending $4,000 on purchases within the first three months of account opening).
Is the Venture X Welcome Offer Worth the Annual Fee?
The Venture X welcome offer is worth the annual fee, since you can redeem it for at least $750 worth of travel. The card also offers several recurring benefits that can outweigh the $395 annual fee:
- $300 annual travel credit for bookings through Capital One Travel
- Priority Pass membership and access to Capital One lounges
- Up to $100 TSA Precheck or Global Entry membership fee credit every four years when charged to your card
- 10,000-mile anniversary bonus (worth $100 towards travel) each year you pay the annual fee and renew your card
- Travel protections and no foreign transaction fees on purchases originating abroad
If you like your Venture X card and want to spread the word, you can earn up to 100,000 bonus miles every year by referring others. That bonus is worth $1,000 towards travel credits.
Even if you don’t refer any friends, the $300 annual travel credit and lounge access benefit far outweigh the annual fee. Factor in the miles you’ll earn from everyday spending and the card is a definite keeper.
Frequently Asked Questions
Why Is the Venture X Hard To Get?
The Capital One Venture X card can be hard to get because it’s available to those with excellent credit and is subject to certain application rules. For example, the card isn’t available to previous applicants who’ve received the welcome bonus in the past 48 months, creating further barriers to entry.
When Will My Venture X Welcome Bonus Post?
After you complete the spending requirement, your Venture X welcome bonus will post within two billing cycles. However, in my case it happened almost immediately after I completed the required spend.
How Can I Track My Progress Toward the Venture X Sign-Up Bonus?
You can track your progress toward the Venture X sign-up bonus by reviewing your online account statements and calculating how much you’ve spent if you see no tracker in your account. If you’re unsure about your progress, you can also call Capital One customer service and ask a representative to tally up your total.
The post How to Earn the Capital One Venture X Rewards Credit Card Welcome Offer first appeared on Newsweek Vault.
2024-07-04T13:51:02Z dg43tfdfdgfd
