How to find out if you’re eligible for the Capital One Venture X’s 100,000-mile welcome bonus

Mar 10, 2022

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Nothing good can last forever — and that’s especially true regarding the Capital One Venture X Rewards Credit Card, as we’ve approached the final days of its outstanding welcome bonus.

This new travel credit card made waves in the premium rewards space as it offers incredible perks at a lower $395 annual fee — which may have you contemplating replacing your Chase Sapphire Reserve or The Platinum Card® from American Express for the (much more) affordable Venture X.

New cardholders who apply by March 14 will take home 100,000 bonus miles after spending $10,000 in the first six months of account opening. In addition, you’ll receive up to a $200 statement credit toward vacation rental purchases within the first year of account opening.

TPG values these 100,000 Capital One miles at $1,850 when leveraging the issuer’s 15-plus airline and hotel transfer partners. And there’s no reason you shouldn’t be able to maximize the easy-to-use vacation rental credit to round out the full value of this welcome offer to $2,050.

If you’ve decided that it’s time to apply for the Venture X, you’ll want to make sure you review the eligibility criteria first — especially if you’ve carried other Capital One cards in the past. Here’s everything you need to know.

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Capital One Venture X details

(Photo by John Gribben for The Points Guy)

Let’s quickly look at what the Venture X brings to the table, from the welcome bonus to the ongoing perks.

Current welcome bonus

New applicants for the Capital One Venture X will earn 100,000 bonus miles after spending $10,000 in the first six months of account opening. In addition, you’ll receive up to a $200 statement credit toward vacation rental purchases within the first year of account opening.

There are two main ways to use these 100,000 miles. First, you could redeem Capital One miles for any travel-related charges on your statement, whether that be Uber or Lyft rides, toll and parking fees or rental cars, or for future bookings through the Capital One Travel portal. Your Capital One miles are worth 1 cent each in this fashion, so you’re looking at about $1,000 in travel value.

But the better option is to transfer your miles to Capital One’s loyalty program partners — most of which have a simple transfer ratio of 1:1. By moving your miles over to some of the more lucrative partners, such as Air Canada Aeroplan or Turkish Airlines Miles&Smiles, you can easily exceed the worth of your miles — well over the baseline value of 1 cent per mile.

In fact, TPG values Capital One miles at 1.85 cents each when you use your miles in this capacity. Coupled with the vacation rental credit, that boosts the value of this welcome bonus to more than $2,000.

Annual fee

The Venture X carries a $395 annual fee — which is notably lower than its premium counterparts.


The Capital One Venture X presents an earning rate that’s simple yet rewarding:

  • 10 miles per dollar on hotels and rental cars booked through Capital One Travel.
  • 5 miles per dollar on flights booked through Capital One Travel.
  • 2 miles per dollar on all other eligible purchases.

Other benefits

Beyond the welcome bonus, here are the recurring benefits on the Venture X:

Are you eligible to apply for the Capital One Venture X?

If you’ve decided that you want to apply for the Venture X, here are the card’s eligibility requirements.

Check your credit score

First and foremost, be sure to take a look at your credit score. Capital One specifically mentions that you should have excellent credit to qualify.

While the issuer does not provide a specific credit score range, here’s how they define an excellent credit score:

I’ve never declared bankruptcy or defaulted on a loan; I haven’t been more than 60 days late on any credit card, medical bill, or loan in the last year; I’ve had a loan or credit card for three years or more with a credit limit above $5,000.

Capital One application rules

Capital One restricts the number of personal cards (not business cards) you can carry in your wallet. If you already carry two or more consumer Capital One cards, you’ll likely be denied for the Venture X — even if you have an excellent credit score.

Some of Capital One’s other consumer cards include the Capital One Venture Rewards Credit Card, Capital One VentureOne Rewards Credit Card, Capital One Quicksilver Cash Rewards Credit Card and the Capital One SavorOne Cash Rewards Credit Card.

In addition, you’ll only get approved for one Capital One card every six months, so be sure to space out your applications accordingly.

Current and previous Venture X cardholders

These are the restrictions that are specifically stated in the Venture X’s terms and conditions:

You will earn 100,000 bonus miles if you spend at least $10,000 within six months of your rewards membership enrollment date. Once you qualify for this bonus, we will apply it to your rewards balance within two billing cycles. Existing or previous Accountholders may not be eligible for this one-time bonus.

If you currently hold or previously have held the Venture X, you won’t be eligible for the welcome bonus. However, this shouldn’t be an issue for most applicants since this is a relatively new card.

What if I already have the Venture or VentureOne cards?

If you carry the Venture X’s sister cards (the Capital One Venture Rewards Credit Card and/or Capital One VentureOne Rewards Credit Card), you will still be eligible to carry the Venture X and get the card’s welcome bonus. The only caveat is that you’ll want to keep a close eye on the timing of your applications.

That said, even recent applicants for one of the other Venture cards have had success adding the Venture X to their wallets.

Both TPG’s Nick Ewen and David Slotnick applied for the Capital One Venture when it offered an up-to-100,000-mile welcome bonus back in April 2021. And still, they were able to get approved for the Venture X, less than a year from when they applied for the Venture.

Read more: Credit card showdown: Capital One Venture vs. Capital One Venture X

Bottom line

When a card first launches, the issuer will debut the product with a welcome offer that can sound too good to be true. But these bonuses don’t last for long — a trend that may even accelerate in 2022.

And that’s definitely true for the Venture X card, as this fantastic bonus is set to end March 14.

If you do qualify for the new welcome bonus, be sure to get spending as soon as you receive your card in the mail. (It’s worth noting that many TPG staffers received their card overnight.) It’s critical to strategize to make sure you can hit that $10,000 spending threshold in those crucial first six months.

Official application link: Capital One Venture X.

Featured photo by Zach Griff/The Points Guy.

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WELCOME OFFER: 80,000 Points


CARD HIGHLIGHTS: 3X points on dining and 2x points on travel, points transferrable to over a dozen travel partners

*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.

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More Things to Know
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16.24% - 23.24% Variable
Annual Fee
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater.
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