That's on top of the standard 75,000 bonus miles you'll earn after spending $4,000 on purchases within the first three months from account opening. You can use Capital One miles to offset travel purchases at one cent per point, which makes this limited-time deal worth at least $1,000 in travel.

The new limited-time offer for the Capital One Venture Rewards Card aims to balance upfront bonuses with long-term earning potential for frequent travelers.

Here's everything you need to know about the Capital One Venture Rewards to decide if it's the right time to add it to your wallet.