Are you eligible for the Capital One Venture Rewards welcome bonus?

the Capital One Venture Rewards Credit Card offers solid perks for an average $95 annual fee card.

Currently, you can earn 75,000 bonus miles after spending $4,000 on the card in the first three months of account opening.

If you decide it’s time to apply for the Venture Bonus, you’ll first want to review the eligibility criteria – especially if you’ve previously taken other qualifications. Capital One Card.

Here’s everything you need to know.

Details about Capital One Venture Rewards

Let’s check Adventure Rewards’ offerings, from welcome bonuses to ongoing perks.

Current welcome bonus

New enrollees for Venture Rewards can earn 75,000 bonus miles after spending $4,000 in the first three months of account opening.

TPG October 2024 valuation pegs the total value of this bonus at $1,388 when considering the value of the miles.

There are two main ways to use these miles. One option is Redeem your Capital One miles for any travel-related expenses on your statement. This includes Uber or Lyft rides, tolls, parking fees, car rentals, or future reservations through the Capital One Travel platform.

A more favorable alternative may involve transferring your miles More than 15 Capital One transfer partners. Most partners offer a simple 1:1 transfer ratio. By transferring your miles to a highly profitable partner, e.g Air Canada aircraft or Air France-KLM Fly Greenyou can easily get significant value from your miles.

Venture Rewards earns 5 miles per dollar spent on hotels, vacation rentals and car rentals booked through Capital One Travel. The best way to get maximum value from your Capital One Travel credit is to use it for a hotel stay, vacation rental or car rental.

Annual fee

the Joint venture rewards carries a $95 annual fee. Considering the perks of this card, I believe this annual fee is completely reasonable.

Income

The Venture Bonus represents a simple yet rewarding earning rate. You will earn:

This card is a great choice for those who don’t want to deal with tracking bonus categories and instead want to earn a fixed rewards rate on purchases.

Other benefits

In addition to the welcome bonus, here are the ongoing benefits of Venture Rewards:

• Up to $120 Global Entry/TSA Pre-Check credit every four years
• Two free admission tickets Capital One or choose Plaza Premium lounges each year (benefit ends January 1, 2025)
• MasterRental Insurance*
• Purchase Guarantee*
• There are no foreign transaction fees

*For Capital One products listed on this page, some benefits may be provided by Visa® or Mastercard® and may vary by product. See the respective Benefits Guide for details on when terms and exclusions apply.

Are you eligible to apply for the Capital One Venture Rewards card?

If you have decided to apply Joint venture rewardsYou must know the card’s eligibility requirements before applying.

What credit score do I need to receive Venture Rewards?

TPG recommends Minimum score 700 to approve for Joint venture rewardsalthough individuals with lower scores were also approved.

Capital One specifically mentions that you must have excellent credit to qualify. However, we’ve seen many reports of people being approved despite having a credit score below 700. So you can apply even if you’re below that.

If you have particularly low credit or no credit, it’s best to wait and apply credit building cards instead of.

Capital One application rules

You’ll only be approved for a Capital One card every six months, so make sure to organize your applications accordingly. If you are not sure why you were rejected Joint venture rewardsthis may be the reason.

We have also seen reports from Reddit users with many credit cards says they struggled to get approved for the Venture card despite being eligible. While this isn’t a hard and fast rule, signing up for Venture Rewards earlier in your credit card journey can be a good idea.

What if I previously received a Venture Rewards welcome bonus?

These are the limitations specifically stated in the terms and conditions of the Venture Bonus:

Current or former card members are not eligible for this product if they have received a new card member bonus for this product in the past 48 months.

What if I already have a Venture X or VentureOne card?

If you carry one of these Adventure Rewards’ sister tag (the Capital One Venture X Rewards Credit Card And Capital One VentureOne Rewards Credit Card), you’re still eligible for Venture Rewards and receive the card’s welcome bonus. The only caveat is that you’ll want to keep a close eye on your application timeline.

While there is no general rule, Capital One does not always approve people who already have a Venture card, even if they meet all the eligibility criteria. TPG Senior Writer Ben Smithson was denied a Venture Reward while holding Venture X.

However, I was approved for Venture X while holding a Venture Reward, so approval while holding another Venture card may vary on a case-by-case basis.

Some anecdotal evidence from TPGers suggests that the timing of your application is critical when determining whether you will be approved for a second Venture card. If Venture Rewards interests you, make sure it’s been at least six months since you opened another Venture card.

Related: Credit card showdown: Capital One Venture vs. Capital One Venture X

Bottom line

the Joint venture rewards offers great value to many tourists. Luckily, there are only a few restrictions regarding qualifying for the card’s welcome bonus. As long as you time your application carefully and have the recommended TPG credit score at least 700, this solid rewards card will most likely be yours.

To learn more, read ours Full review of Capital One Venture Rewards.

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Learn more: Capital One Venture Rewards Credit Card

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Related: Why I keep my Capital One Venture Rewards card in my wallet