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.

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.