2024.7 Replace: The brand new supply is 75k + $250 Capital One journey credit score.
2023.8 Replace: There’s a 80k supply hyperlink. [Update] Hyperlink expired. The present supply is just 75k.
2023.6 Replace: There’s 100k supply now. [Update] 100k hyperlink expired. The present supply is just 75k.
Be taught Extra
Advantages
- 75k+$250 supply: earn $250 to make use of on Capital One Journey in your first cardholder yr, plus earn 75,000 Capital One Miles once you spend $4,000 within the first 3 months. The latest greatest supply is 100k.
- The general worth of Capital One Miles is 1.6 cent/level. See beneath for a quick introduction. Due to this fact the 100k highest supply is price about $1,600!
- Earn 2x Miles on all purchases.
- As much as $100 credit score for World Entry or TSA Precheck software charge.
- No overseas transaction charge.
Disadvantages
- $95 annual charge, NOT waived for the primary yr. (Earlier than 2017.10, the annual charge was $59)
- Capital One will pull all three main credit score bureaus (Experian, TransUnion, Equifax) for one bank card software!
Introduction to Capital One (C1) Miles
- You may earn C1 Miles with two sorts of playing cards: Miles incomes playing cards, or cashback earninng playing cards. Miles incomes playing cards primarily embrace: Capital One Enterprise Rewards Credit score Card, Capital One VentureOne Rewards Credit score Card, Capital One Spark Miles for Enterprise. Cashback incomes playing cards primarily embrace: Capital One Savor Money Rewards Credit score Card, Capital One SavorOne Money Rewards Credit score Card, Capital One Quicksilver Money Rewards Credit score Card, Capital One Spark Money Plus and so forth.
- You may transfer your C1 Miles from one Miles incomes card to a different Miles incomes card at any time, and you can too transfer your cashback from a cashback incomes card to a Miles incomes card at any time. Nonetheless, you cannot transfer your Miles from a Miles incomes card to a cashback incomes card, subsequently cashback is extra versatile than Miles in C1’s system.
- C1 Miles by no means expire. You’ll lose the C1 Miles on one card should you shut the account, however you may forestall shedding your C1 Miles by shifting the factors to a different C1 card beforehand.
- In case you have a Miles incomes card, C1 Miles could be transferred to some airline miles and resort factors. Some good 1:1 switch choices are: Air Canada (AC) (Star Alliance), Avianca (AV) (Star Alliance), Asia Miles (CX) (Oneworld), British Airways (BA), and Wyndham resort factors, and so forth. In the event you use C1 Miles on this approach, the worth is about 1.6 cents/level.
- You may redeem your C1 Miles in the direction of journey expense at a set ratio 1.0 cent/level. It’s also possible to redeem your C1 Miles in the direction of some retailers reward playing cards at a set raiot 1.0 cent/level.
- You may redeem your C1 Miles in the direction of assertion credit score at a set ratio 0.5 cents/level.
- In abstract, we estimate that C1 Miles are price about 1.6 cents/level.
Really useful Utility Time
- We advocate you apply for this card after you may have a credit score historical past of not less than two years and you might be very snug with the bank card sport.
- [1/6 rule] You may solely apply for 1 Capital One bank card for each 6 months, together with each private and enterprise bank cards. You’ll get computerized denial should you violate this rule, however there will probably be no onerous pull.
Abstract
In 2021, Capital One improved its Miles system quite a bit, which makes this card extra helpful. Now that C1 Miles are valued greater than 1 cent/level, its the whole lot 2x incomes construction is engaging. The incomes construction on itself is just like Citi Double Money (DC) within the TYP system, and this card has an annual charge, however C1 Miles system has different good playing cards which have a superb incomes charge to work collectively. Word that Capital One will pull all three main credit score bureaus (Experian, TransUnion, Equifax) for one bank card software, and it is vitally tough to get authorised when you have lots of latest onerous pulls. In the event you don’t need this card after one yr, you may downgrade it to Capital One VentureOne.
Associated Credit score Playing cards
Really useful Downgrade Choices
Historic Provides Chart
Word: Generally there are affords comparable to 50k+50k on this card, however the spending necessities after the latter half are big. Due to this fact, we don’t deal with them as sign-up bonus.