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Capital One made a splash in the premium credit card market when it launched the Capital One Venture X Rewards Credit Card in 2021. The card quickly became a fan favorite courtesy of its feature benefits, such as an annual travel credit of up to $300 on purchases made through Capital One Travel, extensive lounge access, 10,000 bonus miles each anniversary year, and plenty of lesser-known benefits.
While those benefits alone might be enough to pique your interest, let's dive deeper into the Capital One Venture X and its current welcome offer to see if it's right for you.
- 10X miles per $1 on hotels and rental cars booked via Capital One Travel
- 5X miles per $1 on purchases through Capital One Entertainment (through 12/31/2025)
- 5X miles per $1 on flights when booking via Capital One Travel
- 5X miles per $1 on vacation rentals booked via Capital One Travel
- 2X miles per $1 on all other eligible purchases
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Capital One Venture X Welcome Offer
As a new applicant for the Capital One Venture X, you can earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening. Welcome offers on the Capital One Venture X don't vary much. In fact, the last time we saw an elevated offer greater than 75,000 bonus miles was when the card launched in 2021.
When considering the value of Capital One miles, this offer is even more valuable than what you might think at first glance. In recent redemptions, AwardWallet users redeem Capital One miles for an average of 2¢ apiece. That makes the Capital One Venture X‘s welcome offer worth over $1,700 toward award travel!
How To Earn Rewards Miles With the Capital One Venture X
While a lot of focus is on the card's headline benefits, the Capital One Venture X‘s earning rates are also a standout feature. It's one of the best cards to keep in your wallet for everyday spending. Its earning rates are as follows:
- 10X miles per $1 on hotels and rental cars booked via Capital One Travel
- 5X miles per $1 on purchases through Capital One Entertainment (through 12/31/2025)
- 5X miles per $1 on flights when booking via Capital One Travel
- 5X miles per $1 on vacation rentals booked via Capital One Travel
- 2X miles per $1 on all other eligible purchases
That means you'll never earn just 1 mile per dollar spent with the Capital One Venture X. And that's a big deal, especially when you consider how valuable Capital One miles are.
How To Redeem Rewards Miles Earned With the Capital One Venture X
Once upon a time, Capital One miles weren't very exciting. But these days, it's a different story. Capital One miles transfer to 19 partners: 16 airline and three hotel loyalty programs. Nearly all of these partners feature a 1:1 transfer ratio, most transfers happen instantly, and you can transfer miles in increments of 100 Capital One Miles — vs. 1,000-point increments for most other flexible point programs.
Leveraging Capital One's transfer partners is an easy way to get the most out of your miles. From aspirational redemptions on Singapore Airlines to flying Emirates' gold-plated seats to cheap award flights to Europe on Virgin Atlantic, the sky is the limit with Capital One miles.
But that's not all they're good for. You can also redeem Capital One miles for a fixed value. You can cash your miles in at 1¢ apiece to cover eligible travel expenses. This method can be worthwhile to cover cheap airplane tickets or ancillary travel costs, as you can redeem a small sum to save a bundle.
Related: How To Maximize 75K Capital One Miles for Flights Within North America
Other Card Benefits
Like other premium rewards cards, the Capital One Venture X has a stack of benefits to justify its $395 annual fee. Some of these perks include:
- Up to $300 annual travel credit for bookings made through Capital One Travel
- 10,000 bonus miles each anniversary year
- Unlimited access to Capital One airport lounges
- Complimentary Priority Pass Select membership
- Up to $120 TSA PreCheck or Global Entry application fee credit
- Hertz President's Circle elite status
- Extensive travel protections, including trip interruption, travel accident insurance, and more
- Shopping insurance, which includes purchase protection, extended warranty, and more
- Access Capital One Travel's Premier and Lifestyle Collections
Related: Capital One Venture X Rewards Credit Card Full Review
Who Should Get the Capital One Venture X?
There aren't many points and miles collectors who wouldn't benefit from the Capital One Venture X. The welcome offer is superb, and the ongoing annual fee is easily offset by just a couple of perks.
Combined, the anniversary miles (worth $100 when redeemed for paid travel or ~$230 when transferred to partners, based on recent AwardWallet user redemptions) and the $300 travel credit more than outweigh the $395 annual fee. And this doesn't account for the value of other benefits, such as lounge access, that you'll enjoy while carrying the card.
Moreover, the Capital One Venture X earns 2X miles on all purchases and up to 10X in bonus categories. Best of all, those miles can be transferred to several fantastic partners. Some of our favorite partners are Avianca LifeMiles, Air Canada Aeroplan, and Air France/KLM Flying Blue — all of which have several amazing sweet spots worth your attention.
Related: Capital One's Best Transfer Partners: Our Top 4 Favorites
Other Capital One Credit Cards To Consider
Before deciding on a credit card, it's worth considering multiple options to find the one that aligns best with your wallet and spending habits or travel goals. Capital One has a couple of other Venture-branded cards worth a look before you commit to the Capital One Venture X: the Capital One Venture Rewards Credit Card and the Capital One VentureOne Rewards Credit Card.
Here's a quick rundown of both cards:
- Capital One Venture Rewards Credit Card
- Welcome bonus: 75,000 Miles once you spend $4,000 on purchases within 3 months from account opening.
- Earning rates: 2 Miles per dollar on every purchase, every day. 5 Miles per dollar on hotels, vacation rentals and rental cars booked through Capital One Travel.
- Annual fee: $95
- Capital One VentureOne Rewards Credit Card
- Welcome bonus: 20,000 miles once you spend $500 on purchases within 3 months from account opening.
- Earning rates: 1.25 Miles per dollar on every purchase, every day. 5 Miles per dollar on hotels and rental cars booked through Capital One Travel.
- Annual fee: $0
- 10X miles per $1 on hotels and rental cars booked via Capital One Travel
- 5X miles per $1 on purchases through Capital One Entertainment (through 12/31/2025)
- 5X miles per $1 on flights when booking via Capital One Travel
- 5X miles per $1 on vacation rentals booked via Capital One Travel
- 2X miles per $1 on all other eligible purchases
- 5X miles per dollar on purchases through Capital One Entertainment (through 12/31/2025)
- 5X miles per dollar on hotels, vacation rentals and rental cars booked through Capital One Travel
- 2X miles per dollar on all other purchases
- 5 Miles per dollar on hotels and rental cars booked through Capital One Travel
- 5 Miles per dollar on purchases through Capital One Entertainment (through 12/31/2025)
- 1.25 Miles per dollar on every purchase, every day.
Related: Capital One Venture vs. Capital One VentureOne: Which Card Delivers More Value?
Application Rules
Capital One's application rules and restrictions are simple to understand and relatively lenient compared to those of other issuers. Nevertheless, some people find they cannot get approved for a Capital One card even if they technically should be eligible. Capital One often does not approve applicants with many recent inquiries on their credit reports.
Before applying, you should know that Capital One limits applicants to one new credit card every six months. This rule applies to both consumer and business credit cards. Moreover, you're limited to carrying a maximum of five personal cards and two starter cards at any one time.
It's also important to know that Capital One pulls your credit report from all three bureaus — not just one. In other words, be aware that applying for a Capital One credit card might result in a few hard pulls on your credit report.
Final Thoughts
The current introductory offer on the Capital One Venture X Rewards Credit Card can land new card applicants a stack of extremely valuable miles. Specifically, you can earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening.
The Capital One Venture X is a no-brainer when considering the welcome bonus alongside the card's ongoing benefits. Don't let the $395 annual fee scare you; this card delivers peak value year in and year out. That makes this a card to add to your wallet and keep for the long haul.
- 10X miles per $1 on hotels and rental cars booked via Capital One Travel
- 5X miles per $1 on purchases through Capital One Entertainment (through 12/31/2025)
- 5X miles per $1 on flights when booking via Capital One Travel
- 5X miles per $1 on vacation rentals booked via Capital One Travel
- 2X miles per $1 on all other eligible purchases
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