Last year, Capital One had an offer where they matched your frequent flyer account – up to $100,000 “miles”. MANY took advantage and earned the free 100,000 points for just $1,000 in spend.
This year, the offer is back, but with a twist:
This year they will DOUBLE your 2011 credit card spend on a travel related credit card up to 100,000 miles (worth an easy $1,000) when you spend $1,000 in 90 days and submit the 2011 summary of a travel related credit card.
The catches are plentiful.
It HAS to be a travel credit card. A Starwood Amex, American Airlines Visa, etc. are all good. One that just earns points you can redeem for travel will not count. Spending on a small business credit card also will not count.
From Cap One: All major U.S. consumer travel rewards credit cards are eligible (Visa®, MasterCard®, American Express®, and Discover® ). Travel rewards cards include all credit cards that earn rewards that can be redeemed for travel purchases (flights, hotels, rental cars, etc.). Purchases on small business cards, debit cards, fleet cards, private label credit cards, corporate cards, prepaid cards, and Capital One credit cards are not eligible.
Finally, it seems Capital One is only approving those they feel are likely to spend real money with them going forward. So if your credit history appears like you apply for every good credit card offer that comes out, don’t expect an approval here.
Good luck – because if you get in, it *is* a cool $1,000 in points just for opening a credit card.
Go here for more details and to apply: www.capitaloneventure.com