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in 2011 and 2012 one of the most popular rewards card sign-up bonuses was the 100,000 “mile” sign-up bonus from the Capital One Venture Rewards Card. They would give you up to 100,000 “miles” as a sign-up bonus if you showed you had that many in another program (which wasn’t that hard). They didn’t run that program in 2013, and we haven’t seen a big sign-up bonus for this card since that time, at least not publicly. However, the sign-up bonus has now increased from 20,000 to 50,000 “miles” after spending $3,000 on the card in the first three months! These points/miles are essentially worth one cent per point toward travel, so that is $500 to use toward things like airfare, hotels, car rentals, and more. It has a $0 intro fee for the first year, and $59 thereafter.
One potential downside to be aware of is the history Capital One has of pulling from all three credit bureaus, so if credit inquiries are an issue for you then keep that in mind. This is not an offer that is available through the affiliate network, so I have no more info than you on how long it might stick around. I’m pretty tempted by it myself as I don’t have any credit cards currently with Capital One.
If you got this one and the similar Barclaycard Arrival Plus™ World Elite MasterCard® you could have over $900 in (almost) free travel to use however you want for your family vacations (after hitting the spending requirements)! That is pretty great for those who like to travel domestically, to relatively inexpensive destinations, or have little to no date flexibility due to school schedules.
In terms of daily spending, the Capital One Venture Rewards Card awards two Venture “miles” per dollar spent on the card (though they are really fixed value points, not miles). The competitor, Barclay Arrival Card, also awards two points per dollar spent, but since it gives a 10% rebate on points redeemed, it come out ahead in the daily spending category.
Good luck if you decide to go for one or both of these cards. It’s hard to argue with money to use toward almost free travel!
Thanks to Million Mile Secrets for sharing info about the offer!
Disclosure: I do receive a commission if you are approved for a credit card using my affiliate links. The Capital One offer is not mine, though the Arrival Card offer is. Both are to the best available offer for those cards I am aware of.