Do balance transfers count toward the bonus on the Capital One Venture Rewards Credit Card?

Questions, reviews and discussions about the Capital One Venture Rewards Credit Card
DOUG

Do balance transfers count toward the bonus on the Capital One Venture Rewards Credit Card?

Postby DOUG » Wed Feb 10, 2016 10:40 am

Does a balance transfer apply towards the $3000 in first 3 months bonus on the Capital One Venture Rewards Credit Card??

tasha
Posts: 398
Joined: Mon May 20, 2013 3:41 pm

Re: Do balance transfers count toward the bonus on the Capital One Venture Rewards Credit Card?

Postby tasha » Wed Feb 17, 2016 1:59 pm

Per the Capital One Venture Rewards Credit Card terms and conditions, "You will earn 2 miles per dollar on net purchases (purchases minus any credits or returns) only. Cash advances, balance transfers, and checks used to access your account are not considered purchases and will not earn rewards."

So unfortunately, balance transfers do not earn miles - only purchases do. But this is pretty common for all credit cards, and earning 2x miles for each $1 you spend is still pretty darn good. That's why the Capital One Venture Rewards Credit Card is ranked a high second place in our Travel Rewards Credit Card Analysis.

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