[Expired]Cap One 100,000 Mile Signup Bonus ("Status Match") for their Venture Card
Mar 11, 2011, 1:17 pm
#451
Join Date: Jul 2008
Location: USA
Programs: SPG HH AA PLT AS MVPG
Posts: 142
ne marketing budget.
Mar 11, 2011, 1:23 pm
#452
FlyerTalk Evangelist
Join Date: Sep 2002
Location: Between AUS, EWR, and YTO In a little twisty maze of airline seats, all alike.. but I wanna go home with the armadillo
Programs: CO, NW, & UA forum moderator emeritus
Posts: 35,559
h! yes (he says as he
Mar 11, 2011, 1:23 pm
#453
Join Date: Jun 2008
Location: PDX
Programs: OnePass, MilesPlus, AAdvantage, SkyMiles (unfortunately), PC Plat, HH Silver, Marriott Aluminium
Posts: 739
Besides the uncertainty of being one of the first "10,000" to get their share of the miles, the other thing that gave me pause on this deal is the multiple pulls your credit gets hit with for just this one application. But then I thought further and in a way, this could still be considered one pull. It's not like you get 3 pulls on one of the reporting agencies and endure 3X the point damage. Each will have just the one normal pull. So then later, for my next application the card issuer will only be checking just one of the agencies, as is much more common, and just the one inquiry for this CapOne card would be seen. Not all 3. So in a way, the 3 pulls from this deal really doesn't do any more harm than the usual 1 pull. Does that make sense? Does to me anyway.
Just a thought for those that may be hesitating on this deal due to CapOne's dreaded "triple pull."
Just a thought for those that may be hesitating on this deal due to CapOne's dreaded "triple pull."
Mar 11, 2011, 1:32 pm
#454
Join Date: Sep 2009
Programs: *G, SPG, OW Sapphire
Posts: 2,565
If most people shoot for a $.02 redemption value on airline miles, this offer is the equivalent of a standard 50k offer from any of the credit card companies. With the AMEX 50k+25k(mqm) and the AA 75k offers out there, this doesn't seem special at all, ESPECIALLY considering that applicants are taking a chance on missing the promo after being approved (more so if you have to wait for approval).
I've only been following card offers for about a year but can any of you veterans chime in here? Is this really a good offer considering the risk? If so, why?
I've only been following card offers for about a year but can any of you veterans chime in here? Is this really a good offer considering the risk? If so, why?
Mar 11, 2011, 1:32 pm
#455
Join Date: May 2003
Programs: AA (1MM), Marriott (LT Gold)
Posts: 1,766
This seems even riskier than the 'promise' that you referred to. You're signing up without a guarantee that you'll get the points. 3 dings on your credit, and if you don't score the promo you get a $100 credit with C1 and you ruin your chances of taking advantage of their next promo...
Mar 11, 2011, 1:33 pm
#456
Join Date: Sep 2009
Programs: *G, SPG, OW Sapphire
Posts: 2,565
I bet that's only a portion of their marketing budget for this promo even. Apparently they're running ads during the weekend's basketball games and I'm guessing Alex Baldwin will be making an appearance...nether of which can be too cheap.
Mar 11, 2011, 1:40 pm
#457
Join Date: May 2010
Posts: 724
I guess I don't live in fear that a credit pull (or three) is going to ruin my financial life or the ability to take advantage of future credit card promos whether it is with Cap1 or any other credit card company. Given that, I see no risk in applying for this card, but to each his own.
Mar 11, 2011, 1:41 pm
#458
Join Date: Feb 2006
Posts: 19
If most people shoot for a $.02 redemption value on airline miles, this offer is the equivalent of a standard 50k offer from any of the credit card companies. With the AMEX 50k+25k(mqm) and the AA 75k offers out there, this doesn't seem special at all, ESPECIALLY considering that applicants are taking a chance on missing the promo after being approved (more so if you have to wait for approval).
I've only been following card offers for about a year but can any of you veterans chime in here? Is this really a good offer considering the risk? If so, why?
I've only been following card offers for about a year but can any of you veterans chime in here? Is this really a good offer considering the risk? If so, why?
Mar 11, 2011, 1:42 pm
#459
Join Date: Jun 2002
Location: California
Posts: 264
With 110,000 "miles" in my Venture card account, can I submit a receipt for a $2000
airline ticket and be reimbursed for $1100 of it?
airline ticket and be reimbursed for $1100 of it?
Last edited by ss; Mar 11, 2011 at 4:17 pm Reason: Originally wrote "1100" but meant "110,000".
Mar 11, 2011, 2:18 pm
#462
Join Date: Aug 2010
Location: Texas
Programs: AA EXP, UA Premier Plat, Alaska MVP Gold, HHonors Diamond, SPG Platinum, Hyatt Platinum
Posts: 2,053
Assuming you meant 110,000 miles, which translates to 1,100 dollars, the answer seems to be yes. Ignore the posters who failed to notice what you meant.
Mar 11, 2011, 2:26 pm
#463
Join Date: Jul 2010
Location: Houston TX
Programs: SPG Plat, CO, AA
Posts: 117
Wondering if this card is gonna be worth it for me. My CO account has ~83,500 miles which I feel like is worth it, problem is, 25,000 are from the CO Card Enrollment Bonus and will be featured on my newest statement.
The only work around I can think of is after my CO statement closing in a day or two, is taking a print screen showing a ~83,500 "Beginning Balance" since I can't wait for another statement to close in 3+ days.
Thoughts?
The only work around I can think of is after my CO statement closing in a day or two, is taking a print screen showing a ~83,500 "Beginning Balance" since I can't wait for another statement to close in 3+ days.
Thoughts?
Mar 11, 2011, 2:50 pm
#464
Join Date: Jan 2006
Location: FAT
Programs: AA mm, Hilton Dime, Hyatt Xpl.& PC Plat, Miracle Fruit-su club
Posts: 1,694
Besides the uncertainty of being one of the first "10,000" to get their share of the miles, the other thing that gave me pause on this deal is the multiple pulls your credit gets hit with for just this one application. But then I thought further and in a way, this could still be considered one pull. It's not like you get 3 pulls on one of the reporting agencies and endure 3X the point damage. Each will have just the one normal pull. So then later, for my next application the card issuer will only be checking just one of the agencies, as is much more common, and just the one inquiry for this CapOne card would be seen. Not all 3. So in a way, the 3 pulls from this deal really doesn't do any more harm than the usual 1 pull. Does that make sense? Does to me anyway.
Just a thought for those that may be hesitating on this deal due to CapOne's dreaded "triple pull."
Just a thought for those that may be hesitating on this deal due to CapOne's dreaded "triple pull."
Mar 11, 2011, 2:58 pm
#465
Join Date: Nov 2008
Location: HNL
Posts: 781
I think you're better off answering that question for yourself.
For me the question is, Is it worth it to take 3 credit pulls for $1,100 in credit card spend credits (Essentially cash back)? My answer is an easy yes for the following reasons:
1. I have recently received Citi AA, Chase CO, and AMEX Plat cards and am unlikely to apply or be approved for further cards from these banks for the immediate future so no urgent need to save credit pulls for now.
2. I find myself relatively miles rich and cash poor. For example, I have plenty of airline and hotel points to get myself to the boundary waters of Minnesota/Canada which is next on my list of dream vacations. I hesitate to make the trip however because such a trip would require big out of pocket expenditures for fishing/canoeing outfitting packages. No way to cover these expenses with airline or hotel points but this works perfectly!
Basically, it is more than worth it to me to take $1,100 (and would still be if I only expected $935 as you are) in exchange for 3 credit pulls.
For me the question is, Is it worth it to take 3 credit pulls for $1,100 in credit card spend credits (Essentially cash back)? My answer is an easy yes for the following reasons:
1. I have recently received Citi AA, Chase CO, and AMEX Plat cards and am unlikely to apply or be approved for further cards from these banks for the immediate future so no urgent need to save credit pulls for now.
2. I find myself relatively miles rich and cash poor. For example, I have plenty of airline and hotel points to get myself to the boundary waters of Minnesota/Canada which is next on my list of dream vacations. I hesitate to make the trip however because such a trip would require big out of pocket expenditures for fishing/canoeing outfitting packages. No way to cover these expenses with airline or hotel points but this works perfectly!
Basically, it is more than worth it to me to take $1,100 (and would still be if I only expected $935 as you are) in exchange for 3 credit pulls.