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Capital One Revives 100,000-Mile Venture X Bonus

Consumers can wipe many travel charges from statements at 1 cent per mile or transfer for bigger value, strengthening the case despite the annual fee.

Overview

  • The current public offer grants 100,000 miles after $10,000 in spending within six months, the card’s strongest bonus since its 2021 debut.
  • The card carries a $395 annual fee, offset in part by a $300 annual Capital One Travel credit usable on flights, hotels and rental cars booked through the portal.
  • Capital One miles can cover almost any travel purchase at a fixed 1 cent per mile within 90 days of posting, including airfare, hotel stays, award ticket taxes, parking and car rentals.
  • Transferring miles to airline and hotel partners can yield higher returns than the fixed rate, with TPG’s November valuations indicating potential value up to about $1,850 for 100,000 miles.
  • Ongoing features include 2x on all purchases (plus 10x on hotels and rental cars and 5x on flights via Capital One Travel), Capital One and Priority Pass lounge access, a 10,000-mile anniversary bonus, a TSA PreCheck/Global Entry credit, primary rental coverage and trip delay insurance.