Capital One offers bonus miles for mortgage financing
Written by Ellen Cannon
Posted On: January 22, 2014
Rewards chasers may be interested in this new, limited-time offer that Capital One announced today. Current Venture cardholders who finance or refinance a mortgage with Capital One Home Loans will receive 100,000 bonus miles. Cardholders must apply between Jan. 27 and Feb. 28, 2014, and the home loan must close by May 15.
Capital One says the mortgage rates they offer are competitive. There are no lender fees and closing costs are "over 60 percent below the national average."
Capital One isn't the first bank to try to provide more options for customers to expand their business with the bank. Last year Wells Fargo began promoting its Home Rebate Card, which allows cardholders to apply rebates from spending in the first six months an account is open to their Wells Fargo mortgage balance.
Capital One Venture Card has occasionally offered 100,000-mile sign-up bonuses and they've quickly become the talk of travel blogs. Savvy cardholders should keep an eye out for these limited-time offers if they're trying to rack up extra miles.