Author Topic: Capital One Venture CC Signup Bonus, Up To $1100 In Travel Spend  (Read 71206 times)

Offline yudel

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Re: Capital One Venture CC Signup Bonus, Up To $1100 In Travel Spend
« Reply #20 on: March 10, 2011, 09:10:49 AM »
people have been talking about them hitting you with a 1099 although i guess $1100 is still $1100

Offline horeini

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Re: Capital One Venture CC Signup Bonus, Up To $1100 In Travel Spend
« Reply #21 on: March 10, 2011, 09:50:18 AM »
is the 2 oints per dollaer they give you worth about 2 cents? is it a good card to use in general?

Offline AsherO

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Re: Capital One Venture CC Signup Bonus, Up To $1100 In Travel Spend
« Reply #22 on: March 10, 2011, 09:56:19 AM »
is the 2 oints per dollaer they give you worth about 2 cents? is it a good card to use in general?

It's worth exactly two cents on travel, you can use the card to purchase airline tickets etc. anywhere and they reimburse you.

Offline horeini

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Re: Capital One Venture CC Signup Bonus, Up To $1100 In Travel Spend
« Reply #23 on: March 10, 2011, 10:22:00 AM »
will it work on pricline it might b great way to get great price on travel

Offline elikay

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Re: Capital One Venture CC Signup Bonus, Up To $1100 In Travel Spend
« Reply #24 on: March 10, 2011, 10:30:34 AM »
On mobile so can't check, but C1 has had a tiered redemption, meaning for exaple that for tickets between 150 and 300 dollars its 30k points and so on.

Offline Dan

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Re: Capital One Venture CC Signup Bonus, Up To $1100 In Travel Spend
« Reply #25 on: March 10, 2011, 10:33:43 AM »
On mobile so can't check, but C1 has had a tiered redemption, meaning for exaple that for tickets between 150 and 300 dollars its 30k points and so on.
They used to be worth a penny each, then they devalued to the tiered redemption.  Now it looks like they're back to a penny each.  I wouldn't hang onto the 112k miles for too long...
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Offline Yordai Dooma

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Re: Capital One Venture CC Signup Bonus, Up To $1100 In Travel Spend
« Reply #26 on: March 10, 2011, 10:40:33 AM »
Waiting for link as well...

Offline sawlw

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Re: Capital One Venture CC Signup Bonus, Up To $1100 In Travel Spend
« Reply #27 on: March 10, 2011, 11:09:41 AM »
might not  be as promising !!!!

http://milepoint.com/forums/posts/218291/
"Quote"
Okay, just got off the phone with a very high-pressure salesman from CapitalOne, and here's what he said:

1) It's 100k miles earned with any one single credit card's program, not a combination of cards and/or programs. Has to be only 1 card crediting to 1 program
2) No time limit on the earnings - can be 100k miles earned in the past year or five years together...it doesn't matter when the miles were earned for matching purposes
3) Can submit a CC statement or a airline program statement, as long as it shows that X amount of miles were earned or deposited...this info is sent along with the card upon approval.
4) Upon approval, 100k miles are instantly reserved and set aside for you. You then have 90 days to submit your proof of miles and spend $1000 for the full mileage amount. The 10k bonus is not part of this process and is earned within 1-2 billing cycles, along with the matched miles.

Offline Jimbob

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Re: Capital One Venture CC Signup Bonus, Up To $1100 In Travel Spend
« Reply #28 on: March 10, 2011, 11:13:30 AM »
might not  be as promising !!!!

http://milepoint.com/forums/posts/218291/
"Quote"

1) It's 100k miles earned with any one single credit card's program, not a combination of cards and/or programs. Has to be only 1 card crediting to 1 program


so that means that if you got two of the 50k offers from continental, they will only credit you 50k?
If so then the only people that can get 100k are the ones that got the Citi aa 100k.

Offline Yordai Dooma

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Re: Capital One Venture CC Signup Bonus, Up To $1100 In Travel Spend
« Reply #29 on: March 10, 2011, 11:17:11 AM »

If so then the only people that can get 100k are the ones that got the Citi aa 100k.
or those who have earned 100k an a cc in their lifetime

Offline sawlw

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Re: Capital One Venture CC Signup Bonus, Up To $1100 In Travel Spend
« Reply #30 on: March 10, 2011, 11:22:34 AM »
if ur getting 3 credit pulls then u might  better-off churning CO 50k cc or citi 75/100k!!!!  no?? especially  if  you dont have 100k miles earned on one card!!!!

Offline twentie4hrs

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Re: Capital One Venture CC Signup Bonus, Up To $1100 In Travel Spend
« Reply #31 on: March 10, 2011, 11:24:09 AM »
are you guys talking about this?
and is it worth it?


----------------------
from FT
It's Capital One's Venture "Match My Miles" Challenge
http://www.capitaloneventure.com/#/Welcome

And it's up on the CapitalOne.com home page as well.

After credit card approval you'll need to submit proof of your current mileage account balance, then spend $1k on the card within 90 days and they'll match your account balance up to 100,000 miles. (Competing statement must be received within 45 days of account opening.)

They've capped the matching program at "one billion miles." I suppose it's an open question how long that'll last but we should be good for a month. Though the offer also ends May 13.

It's unclear if you have to show you've earned 100k miles from a co-branded credit card or if you have to have 100k miles in your account. It almost certainly has to just be the latter, since the FAQ says what you have to do to receive the miles is "Reserve your miles by registering online and submitting proof of your airline miles within 45 days of being approved for the Venture card." (emphasis mine.) Elsewhere they reference 100,000 credit card miles but I suspect that's just their marketing pitch to conflate credit card miles with miles.

They will 'match' Alaska, American, Continental, Delta, Frontier, Hawaiian, JetBlue, Spirit, United, US Airways, and Virgin. They'll also match Airtran (1000 miles in their program per credit) and Southwest (1200 miles in their program per credit).

There's also a 10,000 point account opening bonus that you'll get after qualifying spend as wel, so it's really a 110,000 mile signup bonus.
Do I still get the one-time bonus of 10,000 miles?
Yes! New Venture cardholders who spend $1,000 in the first 3 months will automatically receive the one-time bonus, in addition to the matched miles. Existing customers who upgrade to Venture are not eligible for the 10,000 bonus miles.
So for folks who have a mileage account with 100k miles in it, they can get an $1100 credit towards paid airfare by signing up for this card.

Now, it's not a terrible card for someone who wants to earn domestic airfare for their credit card spend. I'd still recommend a good 2% cash back card instead for such a person. That's not my goal.

But as far as proprietary points programs go, with the past Thank You Points devaluation, this one isn't terrible since all spend earns 2 points per dollar and with each point worth ~ a penny that's a 2% rebate towards travel. And of course Capital One pioneered no foreign currency fees.

I'll definitely sign up for this card, and I'll meet their minimum spend requirement. The extent to which I put additional spend on the card, however, is a different question entirely.
A penny saved is 1 cent

Offline Mikeoracle

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Re: Capital One Venture CC Signup Bonus, Up To $1100 In Travel Spend
« Reply #32 on: March 10, 2011, 11:27:44 AM »
or those who have earned 100k an a cc in their lifetime
If we send in an airline statement, how would they tell if you earned 2 x 50K CO from 2 different cards? They would just see total to date 100K, no?

Offline elikay

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Re: Capital One Venture CC Signup Bonus, Up To $1100 In Travel Spend
« Reply #33 on: March 10, 2011, 11:30:46 AM »
No BA match!? :(

Offline Dan

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Re: Capital One Venture CC Signup Bonus, Up To $1100 In Travel Spend
« Reply #34 on: March 10, 2011, 11:34:45 AM »
if ur getting 3 credit pulls then u might  better-off churning CO 50k cc or citi 75/100k!!!!  no?? especially  if  you dont have 100k miles earned on one card!!!!
Some forum members use hard pulls for tens of dollars.  :D
It all depends on how you value your hard pulls.  It does totally stink that this is 3 hard pulls as opposed to just one from other cards.
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline Dan

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Re: Capital One Venture CC Signup Bonus, Up To $1100 In Travel Spend
« Reply #35 on: March 10, 2011, 11:35:59 AM »
might not  be as promising !!!!

http://milepoint.com/forums/posts/218291/
"Quote"
Okay, just got off the phone with a very high-pressure salesman from CapitalOne, and here's what he said:

1) It's 100k miles earned with any one single credit card's program, not a combination of cards and/or programs. Has to be only 1 card crediting to 1 program
2) No time limit on the earnings - can be 100k miles earned in the past year or five years together...it doesn't matter when the miles were earned for matching purposes
3) Can submit a CC statement or a airline program statement, as long as it shows that X amount of miles were earned or deposited...this info is sent along with the card upon approval.
4) Upon approval, 100k miles are instantly reserved and set aside for you. You then have 90 days to submit your proof of miles and spend $1000 for the full mileage amount. The 10k bonus is not part of this process and is earned within 1-2 billing cycles, along with the matched miles.

Why do they make these things so vague?
Even their CSRs give out different answers.
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline twentie4hrs

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Re: Capital One Venture CC Signup Bonus, Up To $1100 In Travel Spend
« Reply #36 on: March 10, 2011, 11:45:58 AM »
so should we go for it?
has anyone tried this yet?
A penny saved is 1 cent

Online gozalim

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Re: Capital One Venture CC Signup Bonus, Up To $1100 In Travel Spend
« Reply #37 on: March 10, 2011, 11:51:46 AM »
amex transfers to delta under the %30/50/80 bonus, how would they view a delta like that?

Offline miles

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Re: Capital One Venture CC Signup Bonus, Up To $1100 In Travel Spend
« Reply #38 on: March 10, 2011, 11:54:54 AM »
to redeem it do we need to purchase the ticket through them or through any travel agent

Offline miles

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Re: Capital One Venture CC Signup Bonus, Up To $1100 In Travel Spend
« Reply #39 on: March 10, 2011, 11:55:58 AM »
i just redeemed yesterday my wifes aa miles can i still match it with Jan. statement