Capital One has brought back the 100,000 point signup bonus on their Venture card. The card earns two points per dollar, each point being worth a penny, roughly speaking it’s a 2% cash back card where the cash has to be spent on travel or on gift cards they offer. For folks who aren’t looking for premium cabin international air awards from their credit card spend — if you want domestic coach trips especially — then this is a reasonable card (though I still prefer the straight 2% cash back from the Fidelity American Express). Last year, Capital One offered this and it applied to both the personal and the small business card. You had to provide a mileage statement showing 100,000 miles in it to get your points matched to 100,000 by Capital One. This year it’s a little bit harder — they want to see your year-end credit card summary statement and they’ll match two points for every dollar you spent, up to 100,000. In other words, you have to demonstrate $50,000 in spending on a single credit card to get the full 100,000 point bonus — rather than just showing a balance of 100,000 miles in a frequent flyer account. Last year also it was possible to get a personal and small business card, it doesn't appear this offer applies to a small business card this year. Last year — and what I did — there were redemption offers for hotel gift certificates where the value was significantly greater than 1 cent per point. I redeemed all my points for Hyatt gift certificates at ~ 1.7 cents a point. 100,000 points always grabs attention. These aren’t frequent flyer miles that’ll be useful for aspirational awards. Instead, if you qualify for the full signup bonus it’s $1000 cash to spend on travel, more or less. The offer is supposed to remain open until they’ve awarded a billion points. Last year that meant from March 9 through April 5. My guess is the points won't go as quickly this year — because fewer people have spent $50,000 on a single rewards card in a year and fewer people still actually saved their year-end summary statements (goodness knows I don’t save mine). I’m trying to find out as well whether any alternate method of proof will work to qualify for the points matching offer. Some folks will balk at the notion that Capital One pulls three different credit reports (one from each of three credit bureaus) when you apply for the card. To me it’s worth it, but I’ve already had the card from last year’s offer so I won't be able to get this bonus again.