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Capital One Venture X cards, but the welcome bonus amount has just been increased significantly to 40,000 miles after $1,000 in purchases within the first 3 months. This is the best offer that I’ve seen for this card.
40,000 miles can be redeemed for $400 in travel, offsetting any travel purchase made with the card (any airline, any hotel, AirBNB stays, Uber rides, no blackout dates), which is very high for any no-annual-fee card in general along with a relatively low spending hurdle. This is also the rare card that allows your points to transfer to airline miles without an annual fee. Here are the highlights:
- Earn a bonus of 40,000 miles once you spend $1000 on purchases within 3 months from account opening, equal to $400 in travel
- Earn unlimited 1.25X miles on every purchase.
- Miles won’t expire for the life of the account and there’s no limit to how many you can earn
- 5X miles on hotels and rental cars booked through Capital One Travel
- Use your miles to get reimbursed for any travel purchase – or redeem by booking a trip through Capital One Travel
- Transfer your miles to your choice of 15+ travel loyalty programs.
- Enjoy 0% intro APR on purchases and balance transfers for 18 months; 19.24% – 29.24% variable APR after that; 3% fee on the amounts transferred within the first 18 months
- No foreign transaction fees.
- $0 annual fee.
Travel statement credit redemption details. Capital One “miles” can be redeemed directly for a cash statement credit on a 1 mile = $0.01 basis when offsetting any travel purchase made on the card within the past 90 days. In other words, 40,000 miles = $400 toward travel. That means you can fly on any airline or stay at any hotel, pay with this card, and then “erase” that purchase using your miles balance later. This even includes AirBnB vacation rentals, car rentals, and Uber rides.
This means that earning 1.25 miles on on every $1 in purchases essentially makes this a flat 1.25% back card when applied towards travel. You also have the option of booking travel through their travel portal, similar to Chase Ultimate Rewards, but you are not required to do so. You have the flexibility of booking through them or making the purchase directly through the airline, hotel, car rental counter, etc.
Miles transfer options. Capital One now allows you to transfer your “miles” into select airline miles programs as well. Here are the airline transfer partners:
- Aeromexico
- Air France/KLM
- Air Canada Aeroplan
- Cathay Pacific Asia Miles
- Avianca Lifemiles
- British Airways Avios
- Emirates Skywards
- Etihad
- EVA
- Finnair
- Qantas
- Singapore Airlines Krisflyer
- TAP Air Portugal
- Turkish Airlines
- Virgin Red
Hotel partners
- Accor Live Limitless
- Choice Hotels
If you are willing to do some research on how to best leverage these international airline miles programs, this can be a very valuable option. (My personal favorite is Air Canada Aeroplan points.) Otherwise, it’s nice to know you can always get a certain level of value by redeeming against any travel purchase.
Comparison with other travel cards. This VentureOne Rewards credit card earns 1.25X Capital One miles per dollar spent with no annual fee, and has the capability on its own to transfer to airline miles. The
Capital One’s “premium” card is the
Capital One’s “ultra-premium” card is the
Bottom line. The
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