Should You Get the New Capital One Venture Card 50K Offer?

Recently, Capital One came out with a new rewards offer that’s worth considering. With the new offer on the Venture Rewards card, you get 50,000 miles worth $500 in travel after you use your card for $3,000 in purchases within three months of account opening. This card has always been around, but their previous offer (which has lasted for years) was only for 40,000 miles worth $400 in travel.

Now that the offer is higher, should you get this card?

Reasons to Get the Capital One Venture Card

I definitely think this offer is valuable. Once of my favorite travel rewards cards is the Barclaycard Arrival Plus World Elite MasterCard, and this card works similarly. With both cards, you earn a flat 2x points for each dollar you spend. You can then redeem them for any travel purchase at a rate of one cent per point.

While you can usually get more value out of airline miles, I like having flexible points like these. They’re good for covering travel expenses that are hard to get covered in other ways. For example, we frequently use flexible travel credit from the Barclaycard Arrival Plus World Elite MasterCard to pay for train travel and Airbnb rentals.

The fact you earn a flat 2x points for each dollar you spend is also a nice perk. With this offer, you won’t have to worry about rotating bonus categories or which card to use for individual purchases. Just use your card for everything you buy and you’ll get a flat 2 percent back.

This card also comes with an annual fee of just $59 that is waived the first year. As an added bonus for international travel, you’ll also pay no foreign transaction fees. Other benefits that round out the offer include extended warranties, complimentary concierge service, and auto rental coverage.

Should You Get the Capital One Venture 50K Offer?

While all of this sounds great, there’s one nagging factor that worries me about signing up for Capital One credit cards. A lot of people have reported that Capital One places a hard inquiry with all three credit reporting agencies every time you apply. If you’re someone who is keeping their hard pulls at a minimum, this is definitely worth considering.

On the flip side, I do think this is a YMMV issue. I knew about the Capital One hard inquiry issue when I signed up for seven different Capital One Spark Cash cards over a span of 18 months a few years ago, but my husband and I never had more than one hard inquiry per approval.

Should you get the card? I know that I’m definitely considering it for my husband and myself, but I’m worried about racking up a bunch of hard pulls. Then again, I would love to have $1,000+ more in flexible travel credit we can use for train trips, hotels, or whatever else we wanted.

If you love the Barclaycard Arrival Plus World Elite MasterCard and can use flexible points, I think it’s worth considering.

 

Are you signing up for the Capital One Venture 50K Offer? Why or why not?