MCLEAN, Va., April 4, 2012 /PRNewswire/ -- Consumers
responded overwhelmingly to the Venture 2012 "Double Miles
Challenge" and Capital One Financial Corporation (NYSE: COF)
announced today that the one billion mile allocation as part of
that promotion was depleted in just 31 days. Launched on
March 7, the Venture Double Miles
Challenge (www.capitaloneventure.com) gave consumers who opened a
Capital One Venture Card the opportunity to earn double miles, up
to 100,000, for every dollar they spent on their travel card in
2011.
"We issued a bold offer with the Venture Double Miles Challenge
and saw an overwhelming response. It's clear that people want more
from their travel rewards card," said Mike
Wassmer, Executive Vice President of US Card at Capital One.
"We're excited to show these new customers what they've been
missing with their other travel cards. This promotion may be over
but consumers can still get the Venture card and earn double miles
on every purchase, every day."
The Venture Double Miles Challenge received rave reviews from
media and influencers who cover the frequent travel card category.
"It's called the `Venture Double Miles Challenge,' and I think
travel rewards credit card users everywhere are going to love it,"
stated Credit Net. "This Venture offer is one of the best travel
bonuses out there. Even if you miss out on the promotion, the
card's standard rewards program of 2 miles per dollar spent is
still a great deal," added CreditKarma.
These influencers are also continuing to rank Venture the best
in its category. The consumer information website NextAdvisor rated
Venture the best travel rewards card. TripBadger, an online blog,
said, "The Capital One Venture Rewards card is a top-rated miles
card. It offers the flexibility to use your miles on any airline,
offers double miles for every dollar spent, and has reasonable
fees."
Consumers who apply for a Venture card moving forward still have
the opportunity to qualify for 10,000 bonus miles when they open a
new Venture account. Features of the card include:
- Earn double miles on every purchase, every day
- The flexibility to fly on any airline, anytime, with no
blackout dates or restrictions
- The ability to redeem miles for any travel purchase -- airline,
hotel, rental car and more – before, during or after travel
- No foreign transaction fees - others charge up to 3% or more
when the cardholders use their card to make purchases outside
the United States
- No limitations on how many miles can be accumulated and no
miles expirations
- Easy redemption as cardholders can simply make their travel
purchase (by whatever means they prefer) using their Venture card,
then call Capital One or go online to reimburse the charge with
their miles. The cost of the transaction is refunded on the next
statement
- Exclusive award-winning customer service
- Access to exclusive benefits, including preferred access to
popular entertainment, sporting and dining events and special
offers from leading hotels and retailers
To learn more about the Venture Card, visit
www.capitaloneventure.com
About Capital One
Capital One Financial Corporation (www.capitalone.com)
is a financial holding company whose subsidiaries, which include
Capital One, N.A. and Capital One Bank (USA), N. A., had $128.2
billion in deposits and $206.0
billion in total assets outstanding as of December 31, 2011. Headquartered in McLean, Virginia, Capital One offers a broad
spectrum of financial products and services to consumers, small
businesses and commercial clients. Capital One, N.A. has
approximately 1,000 branch locations primarily in New York, New
Jersey, Texas, Louisiana, Maryland, Virginia and the District of Columbia. A Fortune 500 company,
Capital One trades on the New York Stock Exchange under the symbol
"COF" and is included in the S&P 100 index.
Contact: Chris O 'Neill
804.284.5443
chris.oneill@capitalone.com
SOURCE Capital One