The Capital One Venture X Rewards Credit Card contains luxury travel credit card benefits and is one of the newest additions to the travel credit card market. The card offers a variety of travel benefits, such as: B. Airport lounge access, Global Entry or TSA PreCheck members up to $100 in credit, and no foreign transaction fees – plus a substantial sign-up bonus.
While Capital One Venture X initially offered an impressive 100,000-mile bonus (with a minimum spend of $10,000), the card’s current sign-up bonus is easier to get. Currently, people who sign up for Capital One Venture X can earn 75,000 bonus miles for just $4,000 in purchases within the first three months of account opening.
This welcome bonus is by far the most generous of any Capital One credit card, and there are plenty of ways to maximize it to ensure you get the absolute best deal. Using Venture X’s welcome bonus not only makes up for the $395 annual fee, but it’s a substantial expense for travel.
Details of Capital One Venture X
- Rewards: 10X Miles on Capital One Travel Car Rentals and Rental Cars; 5X Miles on Capital One Travel Flights; 2X Miles on All Other Purchases
- Annual fee: $395
- Sign-up bonus: 75,000 bonus miles after spending $4,000 within the first three months of account opening
- Introductory APR: Not applicable
- Conventional APR: 17.24% to 24.24% Variable APR.
Why the Capital One Venture X sign-up bonus is interesting
While Capital One Venture X’s sign-up bonus is lower than when it started, the 75,000-mile renewal bonus is still important for a few reasons. In fact, this bonus is still higher than many other premium credit cards (and has a lower annual fee). Also note the overall value and flexibility of Capital One Miles, which is very easy for cardholders to use.
Other points are as follows:
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Highest Welcome Bonus Offer: Currently, no other card in the Capital One family offers a higher welcome bonus than Venture X. The Capital One Venture Rewards credit card has a welcome bonus of 60,000 miles for three months if you spend $3,000 on your first purchase. Venture X’s welcome bonus is also comparable to other top issuers such as the Chase Sapphire Reserve® and Chase Sapphire Preferred® cards.
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High Rating Per Mile: The base value of Capital One miles is 1 cent per mile. However, if you choose to transfer your miles to select Capital One transfer partners, the value of each mile may increase. Venture X welcomes discounts on travel purchases worth at least $750.
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Mileage flexibility: With Capital One’s rewards program, your miles never expire as long as you’re the cardholder, and you don’t need to worry about blackout dates. This makes the program very flexible, allowing you to redeem rewards on your own terms – not just because you lose points after a period of time.
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Multiple Redemption Options: Capital One offers a variety of redemption options to choose from at any time. This includes travel, gift cards, purchases, or cash back in the form of a credit card or check. Another benefit of the Capital One Rewards program is the ability to redeem miles within the past 90 days for points on past travel purchases – even if they were not purchased through the Capital One travel portal.
How to redeem Capital One Venture X sign-up bonus
When it comes time to redeem your Capital One Venture X credit card welcome bonus (or any other Capital One miles you’ve earned), the process is simple and relatively easy. Your first option is to redeem miles through Capital One Travel. You can book flights, car rentals and hotels directly through the portal.
A great feature of the Capital One Rewards program is the option to redeem statement credit for any past travel purchases made with your credit card within the past 90 days. You no longer need to redeem exclusively through the Capital One portal. Instead, you can search for the best deal online, use your Capital One Venture X card to make the purchase, and select your bank statement. If you choose this option, you will receive the standard 1:1 transfer value.
How much is the signup bonus worth?
Capital One miles have a base value of 1 cent per mile when redeemed for travel, but cardholders may receive more value depending on the redemption option they choose. Generally, a sign-up bonus of 75,000 miles is worth at least $750. Additionally, cardholders can use their miles to book travel through Capital One or cancel other eligible travel purchases that have been charged to their credit card within the past 90 days.
However, according to a recent review by The Points Guy, some Capital One transfer partners allow up to 1.85 cents per mile value when redeeming. In this case, the welcome benefits on this card could be worth up to $1,500 in travel costs, or more.
The best way to take advantage of the Capital One Venture X sign-up bonus
Whether you book directly through the Capital One Travel portal or redeem statement credit for travel purchases made in the past 90 days, you’ll find the best travel redemption value when you get a 1:1 transfer. If you really want to add value per mile, look for redemption opportunities with select travel partners where you can earn base cents for more than 1 cent per mile.
Avoid redemption options
Not all redemption methods are created equal. While Capital One miles are worth 1 cent per mile, you lose half of the transfer value when redeeming miles for account credit or cash back. This means that each mile is only worth $0.05, which greatly reduces the value of the bonus.
Gift cards are tempting too, but you should think twice before going this route. If you transfer miles for a gift card, the value is reduced to 0.08 cents per mile. Redeem points for purchases on Amazon.com or through PayPal are also $0.08 per mile.
$600 value if you want to convert your 75,000-mile sign-up bonus into a gift card. While that’s quite a lot of gift card money, it’s less than the potential value of $750 or more you can get when you redeem your travel rewards.
Resultado final
Those who want a reliable, comprehensive travel credit card shouldn’t overlook Capital One Venture X’s sign-up bonus. The welcome bonus is juicy and can be redeemed in a variety of ways – be it travel, shopping or cash back.
There’s no right or wrong way to redeem your Capital One miles when you’re getting more value from cash back or gift cards. However, when redeeming welcome bonuses for travel rewards, cardholders earn the most with sign-up bonuses.
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