Capital One Announces New Venture X Card With Huge 100,000-Mile Bonus

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There’s a new 100,000-mile welcome bonus on the horizon. 

The new Capital One Venture X travel rewards card and its massive bonus comes less than a month after Chase ended its own 100,000-point bonus for the Chase Sapphire Preferred card. The 100,000-mile bonus is worth $1,000 in travel, according to Capital One. To earn it, new cardholders have to spend $10,000 on purchases in the first six months from account opening. 

The $395 annual fee card will open for applications on Nov. 9, according to a Capital One statement announcing the new card Thursday. But the ultra-high welcome bonus is not the card’s only compelling feature —  it also offers great rewards on travel and elevated travel perks.

“I like what I’ve heard so far,” says Ted Rossman, industry analyst for, which like NextAdvisor is owned by Red Ventures. “The Venture X offers the most easily understood and most affordable path into the luxury credit card world and all of its fun perks like airport lounge access and potentially free trips. The sign-up bonus is really compelling, too.”

Let’s take a closer look at what the Capital One Venture X will offer. 

Capital One Venture X Rewards and Benefits

In many ways, the Capital One Venture X is an elevated version of its sister travel card, the Capital One Venture Rewards Credit Card. 

Just like the Venture card, the Venture X earns 2x miles for each dollar you spend. But on top of that, you’ll also earn 10x miles on hotels and rental cars and 5x miles on flights booked via Capital One Travel. These rewards are comparable to popular premium travel cards on the market with much higher annual fees, like the Platinum Card from American Express ($695 annual fee) and Chase Sapphire Reserve® ($550 annual fee). 

This card has no foreign transaction fees and comes with many more elevated travel perks including:

  • Up to a $300 credit annually credit for bookings made through Capital One Travel
  • 10,000 bonus miles every account anniversary (equal to $100 toward travel)
  • Global airport lounge access (Capital One lounges and over 1,300 Priority Pass lounges worldwide)
  • Up to $100 in statement credits for TSA PreCheck or Global Entry
  • Up to $200 in statement credits for vacation rental purchases like Airbnb and VRBO (for a limited time)

The Venture X’s 100,000-mile bonus is among the top welcome bonuses available right now. However, you may need to be strategic about when you sign up to make sure you hit the spending threshold. To qualify for the 100K miles, you must spend at least $10,000 within the first six months of account opening. That comes out to about $1,667 per month.

The welcome bonus isn’t the only costly thing about this card. At $395 per year, the Venture X has a much higher annual fee compared to other Capital One cards, but it’s still more affordable than other premium travel cards. 

Pro Tip

You should never carry a credit card balance, but especially not on the Capital One Venture X,  because of its high variable interest rate of 16.99% to 23.99%. If you do, you could easily wipe out any rewards you earn on the card.

You have the option to use miles to book via Capital One Travel, transfer your miles to any of Capital One’s travel partners, or you can use the Purchase Eraser tool to redeem miles toward any recent travel purchases. Capital One miles are generally worth 1 cent per point, but you may get more value when you transfer to a partner program, depending on your travel plans.

Before you sign up, you should consider whether Capital One miles will offer as much value on your spending as American Express Membership Rewards points or Chase Ultimate Rewards points earned on higher-priced premium cards.

“In general, I’d say that Capital One’s travel partners aren’t as desirable as Amex and Chase, particularly domestically,” says Rossman. “But where Capital One shines is the simplicity of earning at least 2x miles on every purchase and more flexibility in terms of how to use them —  not just transferring to partners, but also the flat rate redemption that’s essentially 2% cash back to offset travel.”

  • Intro bonus:
  • Annual fee:


  • Regular APR:

    15.99% – 22.99% Variable

  • Recommended credit:

    670-850 (Good to Excellent)

  • Apply Now externa link icon At Chase’s secure site
  • Intro bonus:
  • Annual fee:


  • Regular APR:

    15.99% – 23.99% (Variable)

  • Recommended credit:

    670-850 (Good to Excellent)

  • Learn more externa link icon At our partner’s secure site
  • Intro bonus:
  • Annual fee:


  • Regular APR:

    16.99%-23.99% Variable

  • Recommended credit:

    740-850 (Excellent)

  • Apply Now externa link icon At Chase’s secure site

Is the Capital One Venture X Worth It?

Whether or not the Capital One Venture X is a good fit for you depends on how often you’ll use the Capital One Travel Portal, according to Rossman.

If you spend at least $300 through the portal each year, the card’s $395 annual fee is essentially negated, because you get the $300 travel portal credit and the 10,000 account anniversary miles (worth $100 toward travel). 

“This compares favorably to other premium travel cards which either have a gap between the travel credit and the annual fee or a more complicated set of credits that cardholders may or may not be able to take advantage of,” he says. In other words, the Venture X is a simpler alternative to these cards — which may make it easier for some travelers to maximize their travel rewards and perks to recoup the annual fee cost.

The main drawback of this card is that its travel portal doesn’t play nicely with hotel loyalty programs. If you’re a member of Hilton Honors or Marriott Bonvoy, for example, you’ll typically need to book directly to earn rewards points toward those loyalty programs and qualify for elite status. Rental cars often work the same way. The other potential drawback of the Venture X is sticker shock. 

“Some people have a hard time looking past a $395 annual fee,” says Rossman. “Even when you tell them it’s basically free if you maximize the $300 travel credit and the 10,000 mile ($100) anniversary credit.”

Bottom Line

Editorial Independence

As with all of our credit card reviews, our analysis is not influenced by any partnerships or advertising relationships.

The 100,000-mile welcome bonus, elevated travel rewards and perks, and flexible redemption options all make the Capital One Venture X stand out as a premium travel credit card. If you’re planning to travel over the next few months, it may be worth considering. But if you’re more interested in maximizing your savings for everyday purchases, a no-fee cash back credit card might be a better fit.

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