Capital One’s Venture X and Spark Cash Plus welcome bonuses end soon

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Capital One Venture X and Spark Cash Plus bonuses ending March 14

These two Credit card sign-up bonuses offer a lot of value to cardholders.

With the Capital One Venture X card, you can earn 100,000 bonus miles after spending $10,000 on purchases within the first six months of account opening. Even at a modest 1 cent per mile, this bonus is worth $1,000, or a 10% return on your initial spend.

Along with a generous welcome bonus, the card’s strong travel benefits make this card even more beneficial. Cardholders receive everything from a $300 annual travel credit for bookings made through Capital One Travel and a $200 statement credit for travel rentals such as Airbnb or Vrbo® in your first year , for access to Capital One and Priority Pass lounges, a $100 credit for TSA PreCheck® or Global Entry and comprehensive travel insurance.

It is unclear what the bonus will be after March 14.

Capital One Venture X Rewards Credit Card

Capital One Venture X card information was independently collected by Select and was not reviewed or provided by the card issuer prior to publication.

  • Awards

    10X miles on hotels and rental cars, 5X miles on flights when booked through Capital One Travel; 2X unlimited miles on all other qualifying purchases

  • welcome bonus

    100,000 bonus miles after spending $10,000 on purchases within the first six months of account opening

  • Annual subscription

  • Introduction AVR

  • Regular APR

    Variable APR from 16.99 to 23.99%

  • Balance Transfer Fee

    Either $10 or 4% of each transaction amount, whichever is greater

  • Foreign transaction fees

  • Credit needed

With the Capital One Spark Cash Plus Credit Card, you can earn up to $3,000 in bonus cash: $500 after you spend $5,000 in the first three months and $2,500 after you spend $50,000 in the first six months month. If you manage to hit the $50,000 spend mark over six months, the $3,000 bonus is a 6% return on your initial spend. And since you also earn unlimited 2% cash back on every purchase, you’ll earn an additional $1,000 on a $50,000 spend, bringing your total cash back to $4,000.

This $4,000 bonus can be useful for bolstering your emergency fund, contributing to your Roth IRA, or paying off debt. And the best part is that credit card rewards aren’t taxable as long as you had to spend to earn them, according to the IRS.

In addition to the valuable bonus, the card comes with no foreign transaction fees and no preset spending limits.

It is unclear what the bonus will be after March 14.

Capital One Spark Cash Plus Credit Card

Information about the Capital One Spark Cash Plus credit card was independently collected by Select and was not reviewed or provided by the card issuer prior to publication.

  • Awards

    Unlimited 2% cash back on every purchase

  • welcome bonus

    Earn up to $3,000 in bonus cash: $500 once you spend $5,000 in the first 3 months and $2,500 once you spend $50,000 in the first 6 months

  • Annual subscription

  • Promotion April

  • Regular APR

    No APR; pay your balance in full each month to avoid a 2.99% late fee

  • Balance Transfer Fee

  • Foreign transaction fees

  • Credit needed

How to choose between a travel rewards credit card or a cash back credit card

Although these two welcome bonuses from Capital One are attractive, a question that comes up regularly among consumers is: Should I get a credit card with travel rewards or cash back?

While one isn’t automatically better than the other, there are several key questions to ask yourself:

  • What are your financial needs/goals?

If you’re aiming to offset the costs you spend on necessary purchases, a cash back card is a great resource, especially in times of inflation. The money you recover from routine expenses that you have to do anyway can put money back in your pocket.

However, if you are financially comfortable and want to save money on your next adventures, a travel credit card would be more appropriate.

  • If you’re leaning towards a travel card, do you have a plan for redeeming your travel rewards?

If you’re earning travel rewards, regardless of card or currency, this is a smart strategy to “win and burn”—meaning not letting them sit too long. This primarily applies to currencies directly linked to a brand, such as Delta SkyMiles® or Marriott Bonvoy® points, as brands regularly experience devaluations of their loyalty points. Transferable rewards, however, can be much more durable in their value.

Travel credit cardholders should make it a priority to take advantage of the miles they earn and the benefits they have access to. So if you decide the Venture X card is best for you, be sure to use its travel credits, enroll in TSA PreCheck or Global Entry, and redeem the miles you earn for enjoyable travel experiences.

At the end of the line

Editorial note: Any opinions, analyses, criticisms or recommendations expressed in this article are those of Select’s editorial staff only and have not been reviewed, endorsed or otherwise endorsed by any third party.