Double Dip the Capital One Bonus

March 24, 2011 - Rick

Gary did the research and deserves the credit. This is directly copied from his blog “View from the Wing” over on Boardingarea.com.

Thanks, Gary, for doing the research for us.

Capital One’s 110,000 Mile Offer Applies to Their Business Credit Card Too, And You CAN Get the Bonus for Both!

There’s been lots of discussion and speculation about how the Capital One 100,000-mile account balance match offer would apply to their small business card program, and whether it would be possible for one person to get the bonus once for the personal credit card and once for the small business credit card.

The answer is that yes, it applies to the small business card as well. And yes one person can get the bonus twice that way! But you need to use a different frequent flyer account to match each offer. You can’t give Capital One the same frequent flyer account with 100,000 miles in it twice. (At least those are the rules as they explain them to me, I can’t say whether they’ll catch this in practice and actually deny the miles to someone who tried this or not.)

Here were my questions, and their answers.

1. Some Capital One reps have said the offer is also available on the small business Venture card. Can you confirm?

Yes. This is true. This offer is open to new Venture and Venture for Business primary account holders who are approved during this limited-time promotion…

1a. If so, could someone with a small business where they earn miles claim the bonus for both a personal card and for a small business card?

A customer who has both a consumer and SB Venture account can receive two matches, however, they would need to have 2 eligible airline credit card programs. In other words, for example, they can’t have 100k miles with their Delta Skymiles Amex and submit the same statement as proof of their miles to be matched on both Capital One accounts.

1b. If so, would you need to provide different frequent flier accounts to be matched or show earning specifically from a business card credit card?

Yes, they would need to have two separate eligible airline rewards credit card accounts that they wanted to have miles balances matched from. These would not necessarily need to be business airline rewards credit card accounts. (Emphasis mine.)

2. Any indication how far along the promotion is in using up the ‘billion miles’..? I would hate to be telling folks about the offer if they were close to gone!

The promotion is doing very well. Given the unprecedented nature of this promotion we don’t expect the miles to last very long. I will keep you posted with updates.

Sounds like I need to apply for the small business card, too — and fast!

Be Careful: Some of the readers’ comments say it has to be 45 days between applications.

Dr. Bob

"* send in proof of your mileage balance with any US-based airline"

My understanding of "* send in proof of your mileage balance with any US-based airline " EARNED FROM THEIR AFFILATED CREDIT CARD
Anonymous

It is refreshing to see the apologies from FrugalTravelGuy. I am pretty new to the FF game but consider this one of the top 2 blogs on the subject. I think this is a lesson in humility.

Thanks for all your good work.
Chris

We all make mistakes and I appreciate your willingness to admit them and set things straight.

And thanks for the time you spend to share your knowledge. People need to remember that you are not charging for this service so we should be grateful for what is posted on this sight.

Chris.
Spicy B

Have you heard any confirms about the 110k miles being posted to CapOne Venture accounts?
Lance

You should mention the THREE hard credit pulls, whenever talking about the capital one deal… As you mentioned in a previous post,,, it may just not be worth the attack on credit for 100k miles…
JW

@Dr. Bob

No, you send them your airline FF statement. I've done this for 2 accounts (mine & wife) and it worked great. 100,000 miles matched apiece.

FWIW, my opinion is this all a marketing ploy anyways. They don't care where the miles come from, they're just trying to hook new people on. It may work for me. I'll still use my SPG card for most purchases, but just might switch to this card for places that don't take Amex. I like the idea of paying for travel with the card, earning miles while flying, and then getting a statement credit for the travel.
Carol

Dr. Bob … It doesn't matter how you earned the miles. I, and many others, simply sent a pdf or faxed a screen shot of our airline rewards account showing our total number of miles. Mine is from AAdvantage and I'm looking at it right now. It only shows my total miles as of March 2011. Nowhere does it show how I earned those miles or where they came from.

Incidentally, my registration form and airline rewards statement were accepted and 100,000 miles have been reserved for me. Those will be credited to me after I meet the $1,000 spend in the first 90 days requirement.
Mia

Let me echo Anonymous…thanks to your blog, as well as only a couple of other resources, I've gone from paying for travel to having more free travel opportunities than I can take! You rock!
Anonymous

So why cannot you transfer points from Chase Ultimate Rewards to the named programs?

http://public.ultimaterewards.com/html/about_program.html states that "Transfer your Ultimate Rewards points at full value to participating frequent traveler programs with select Chase SapphireSM and Ink from ChaseSM cards."

Or was the message about not being able to transfer Chase Ultimate Rewards points earned through this particular (non-Preferred) card?

Double Dip the Capital One Bonus

Capital One’s 110,000 Mile Offer Applies to Their Business Credit Card Too, And You CAN Get the Bonus for Both!

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