[Expired]Cap One 100,000 Mile Signup Bonus ("Status Match") for their Venture Card
Mar 10, 2011, 1:45 pm
#271
Join Date: Aug 2010
Location: Texas
Programs: AA EXP, UA Premier Plat, Alaska MVP Gold, HHonors Diamond, SPG Platinum, Hyatt Platinum
Posts: 2,053
let's forget about value of these points for now
We don't even know if any of us will get these 100,000 points but I can't understand the argument about 100,000 points v. 100,000 miles. Do both, what's the problem? 100,000 traditional miles cannot give $1000 credit for hotel rooms, 100,000 points can. There's the value.
We use our 150K AA miles to get somewhere at whatever redemption in J or F but we need a hotel once we get there!!!!
We don't even know if any of us will get these 100,000 points but I can't understand the argument about 100,000 points v. 100,000 miles. Do both, what's the problem? 100,000 traditional miles cannot give $1000 credit for hotel rooms, 100,000 points can. There's the value.
We use our 150K AA miles to get somewhere at whatever redemption in J or F but we need a hotel once we get there!!!!
100,000 AA miles is worth MUCH, MUCH more than $1,100 dollars, which is the equivalent of 110,000 CapOne Venture Miles. Nobody has suggested that you get 100,000 frequent flier miles - it's clear these are VentureMiles.
CapOne's demo shows these to have a par value of (at best) $.01/mile when applied to travel purchases.
With travel purchases, YMMV, so you're right to say it could be airline, hotel, etc. $1,100 goes a LONG way in whatever regard you need it to. My example with nearly 40K aa miles based on 4 <$250 round trips with a DEQM promo. Someone else could get 22 nights/stays at a $50 hotel towards hotel status. Someone else could spend $1,100 on a vacation they wouldn't have otherwise taken, or a surprise trip for someone special. Hell, I might even consider just blowing $1,100 on a Vegas weekend with my wife - right now it's not something I'd pay for, but offered "for free" using VMiles, I'd possibly value it at face value.
Either way, never forget about the redemption value. Ever.
Last edited by mreed911; Mar 10, 2011 at 1:46 pm Reason: edit to include title
Mar 10, 2011, 1:47 pm
#272
Join Date: Aug 2010
Location: Texas
Programs: AA EXP, UA Premier Plat, Alaska MVP Gold, HHonors Diamond, SPG Platinum, Hyatt Platinum
Posts: 2,053
Mar 10, 2011, 1:47 pm
#273
Join Date: Jun 2005
Location: DFW/DAL
Programs: AA 1MM Gold, Marriott Gold, Hilton Diamond, Hyatt Discoverist
Posts: 1,524
OK, now we're getting somewhere. But I put in my info (zip code and password) and it comes back invalid. And rightly it should - I haven't given them a password yet, so how could it ask me for one?
My guess is that this website is only good after you've received your email (or possibly even your card), signed up for online access on the CapOne website, and then that is the password you'll use. I'm still unclear, however, how it is that they'll be able to validate a password simply from your zip code.
My guess is that this website is only good after you've received your email (or possibly even your card), signed up for online access on the CapOne website, and then that is the password you'll use. I'm still unclear, however, how it is that they'll be able to validate a password simply from your zip code.
Mar 10, 2011, 1:51 pm
#274
Join Date: Jan 2010
Location: BOS
Posts: 102
Just curious...has anyone received any kind of email from CapOne after being approved? It's strange that I haven't seen anything from them, as issuers will almost always email you immediately after applying, either approved, pending, or denied, if only to state that.
Mar 10, 2011, 1:52 pm
#275
Join Date: Aug 2010
Location: Texas
Programs: AA EXP, UA Premier Plat, Alaska MVP Gold, HHonors Diamond, SPG Platinum, Hyatt Platinum
Posts: 2,053
This question is answered several places in the thread.
Mar 10, 2011, 1:56 pm
#277
Join Date: Jan 2010
Location: BOS
Posts: 102
As far as I've seen, it's only been answered in the negative. I'm curious if anyone has seen an email of any kind. I realize that the redemption instructions and welcome pack will come later, as C1 states, but it would be nice to get a confirmation of approval
Mar 10, 2011, 1:56 pm
#278
Join Date: Dec 2007
Location: PDX
Programs: AA,DL,BA,UA,SPG, and any other free trip!
Posts: 1,803
btw, didnt he play the evil crook CEO in that movie with Jim Carrey?
Mar 10, 2011, 1:58 pm
#279
Join Date: Nov 2009
Posts: 737
Never forget about the redemption value. That's the whole point of this game.
100,000 AA miles is worth MUCH, MUCH more than $1,100 dollars, which is the equivalent of 110,000 CapOne Venture Miles. Nobody has suggested that you get 100,000 frequent flier miles - it's clear these are VentureMiles.
CapOne's demo shows these to have a par value of (at best) $.01/mile when applied to travel purchases.
With travel purchases, YMMV, so you're right to say it could be airline, hotel, etc. $1,100 goes a LONG way in whatever regard you need it to. My example with nearly 40K aa miles based on 4 <$250 round trips with a DEQM promo. Someone else could get 22 nights/stays at a $50 hotel towards hotel status. Someone else could spend $1,100 on a vacation they wouldn't have otherwise taken, or a surprise trip for someone special. Hell, I might even consider just blowing $1,100 on a Vegas weekend with my wife - right now it's not something I'd pay for, but offered "for free" using VMiles, I'd possibly value it at face value. But here we are talking about two different programs. This is essentially one inquiry for $1K toward travel. Sure they pull all 3 bureaus but EXP is the only that matters for me. Everything and everything uses EXP in my state.
Either way, never forget about the redemption value. Ever.
100,000 AA miles is worth MUCH, MUCH more than $1,100 dollars, which is the equivalent of 110,000 CapOne Venture Miles. Nobody has suggested that you get 100,000 frequent flier miles - it's clear these are VentureMiles.
CapOne's demo shows these to have a par value of (at best) $.01/mile when applied to travel purchases.
With travel purchases, YMMV, so you're right to say it could be airline, hotel, etc. $1,100 goes a LONG way in whatever regard you need it to. My example with nearly 40K aa miles based on 4 <$250 round trips with a DEQM promo. Someone else could get 22 nights/stays at a $50 hotel towards hotel status. Someone else could spend $1,100 on a vacation they wouldn't have otherwise taken, or a surprise trip for someone special. Hell, I might even consider just blowing $1,100 on a Vegas weekend with my wife - right now it's not something I'd pay for, but offered "for free" using VMiles, I'd possibly value it at face value. But here we are talking about two different programs. This is essentially one inquiry for $1K toward travel. Sure they pull all 3 bureaus but EXP is the only that matters for me. Everything and everything uses EXP in my state.
Either way, never forget about the redemption value. Ever.
But what's wrong with getting, or rather hopefully and potentially getting, $1000 for your hotel stays once we all redeem our much more valuable AA miles. What I meant to say is you do not have to choose (unless you are really high up on inquiries). Even if you have too many inquiries, you can submit concurrently. I can understand the discussion about AA miles v. skypesos.
Mar 10, 2011, 2:02 pm
#280
FlyerTalk Evangelist
Join Date: Jul 2005
Location: Seat 2A
Programs: AA EXP LT GLD 1MM, BA GLD, NH/UA*G, Hyatt Dia, Marr Tit LT PLT, IHG Spire,HH Dia, MGM NOIR,Hertz PC
Posts: 10,571
Not living in the US anymore etc I'm not eligible for a CC there anyway but my thinking is:
What exactly are these points worth? Can you transfer them into airline miles? Or only using the said 1100$ 'value' towards travel you book?
The 1100$ would be honestly not worth as much to me to consider dealing with CapitalOne again. I once had a CC with them - in the U.S. and here in Canada. The service was horrible in both instances, their IT a nightmare.
Despite, 1100$ are probably as much of a value as the usual 35k AA Miles offer that is pretty much available anytime. I honestly don't see the big deal about this except you can really convert these into ~100k Airline Miles or anything close to this ratio.
What exactly are these points worth? Can you transfer them into airline miles? Or only using the said 1100$ 'value' towards travel you book?
The 1100$ would be honestly not worth as much to me to consider dealing with CapitalOne again. I once had a CC with them - in the U.S. and here in Canada. The service was horrible in both instances, their IT a nightmare.
Despite, 1100$ are probably as much of a value as the usual 35k AA Miles offer that is pretty much available anytime. I honestly don't see the big deal about this except you can really convert these into ~100k Airline Miles or anything close to this ratio.
Mar 10, 2011, 2:13 pm
#281
Join Date: Mar 2010
Posts: 78
You have blinders on. Aside from using $1100 in travel rewards, you can also redeem for gift cards. Not all points have to be redeemed directly for flights. Shocking, I know.
Mar 10, 2011, 2:17 pm
#283
Join Date: Feb 2008
Posts: 940
That's the thing. Aside from the T&C which also said that they'll want one "airline statement", Capital one is also touting it one of the best deals out there (somewhere along those lines)
Unless it's a 100,000 match on the frequent flyer account (kind of like BA had a while back), it's not that big of a deal otherwise, considering the cap they're putting on the promotion. BA didn't even had that cap, only that it was available for a very limited amount of time.
That's what led me to believe that they'll match up to 100,000 based on FF account. Otherwise, deals like AA's 75k is just as, if not even more, competitive.
*I really think Capital One should pull the offer once the billion limit is reached. Or give the offer to the first 10,000 people who signed up. Rather than this whole wait-for-email-who-knows-when it'll-be-sent-out.
Unless it's a 100,000 match on the frequent flyer account (kind of like BA had a while back), it's not that big of a deal otherwise, considering the cap they're putting on the promotion. BA didn't even had that cap, only that it was available for a very limited amount of time.
That's what led me to believe that they'll match up to 100,000 based on FF account. Otherwise, deals like AA's 75k is just as, if not even more, competitive.
*I really think Capital One should pull the offer once the billion limit is reached. Or give the offer to the first 10,000 people who signed up. Rather than this whole wait-for-email-who-knows-when it'll-be-sent-out.
Last edited by BOShappyflyer; Mar 10, 2011 at 2:28 pm
Mar 10, 2011, 2:18 pm
#284
Suspended
Join Date: Nov 1999
Posts: 24,153
Not living in the US anymore etc I'm not eligible for a CC there anyway but my thinking is:
What exactly are these points worth? Can you transfer them into airline miles? Or only using the said 1100$ 'value' towards travel you book?
The 1100$ would be honestly not worth as much to me to consider dealing with CapitalOne again. I once had a CC with them - in the U.S. and here in Canada. The service was horrible in both instances, their IT a nightmare.
Despite, 1100$ are probably as much of a value as the usual 35k AA Miles offer that is pretty much available anytime. I honestly don't see the big deal about this except you can really convert these into ~100k Airline Miles or anything close to this ratio.
What exactly are these points worth? Can you transfer them into airline miles? Or only using the said 1100$ 'value' towards travel you book?
The 1100$ would be honestly not worth as much to me to consider dealing with CapitalOne again. I once had a CC with them - in the U.S. and here in Canada. The service was horrible in both instances, their IT a nightmare.
Despite, 1100$ are probably as much of a value as the usual 35k AA Miles offer that is pretty much available anytime. I honestly don't see the big deal about this except you can really convert these into ~100k Airline Miles or anything close to this ratio.
But the more I look at it the more it seems as if Cap1 just is being Cap1 and in teh end they will only match whatever Miles were gotten by using your Carriers CC, so bonus miles will also not be counted so unless a person spent $100k in the past 6 months they wont end up with such a great bonus amount of Venture Pts, hope my thinking is way off
Mar 10, 2011, 2:18 pm
#285
Join Date: Nov 2008
Location: Dallas, TX
Programs: AA EXP, Marriott LT Titanium, Avis Chairman
Posts: 1,286
"I don't always pay for travel out of pocket, but when I do, I prefer CapOne Venture Rewards."