Right now, you can earn 75,000 bonus miles after spending $4,000 on purchases in the first three months from account opening. Plus, you’ll receive a $300 credit to use on hotel and vacation rental bookings through Capital One Travel in the first cardholder year.
Together, that credit and those miles are worth $1,688, according to our September 2026 valuations. That bonus alone is a 17X return on the annual fee and one of the most valuable offers we’ve seen on this card in years.
On a recent two-week trip to Europe, I needed to get from Paris to Stockholm and then from Stockholm to Amsterdam. Rather than shelling out hundreds of dollars for the flights, I turned to my Capital One miles.
First, I transferred about 6,000 Capital One miles to Air France-KLM Flying Blue to book a Scandinavian Airlines flight from Paris to Stockholm. That flight would have cost about $450 in cash.
Then, I transferred another 7,000 Capital One miles to Virgin Atlantic Flying Club to book my SAS flight from Stockholm to Amsterdam. That ticket was going for around $180.
Altogether, I spent about 13,000 Capital One miles (plus taxes and fees) for flights thatwould havecost about $630.
And those redemptions barely made a dent in my stash, since I rack up at least 50,000 Capital One miles a year just on my everyday spending. See, this is not just about a really valuable bonus — this card delivers big value for the long term.
If you’re looking for a simple, straightforward wallet workhorse that can help fund your future travels, this limited-time Venture Rewards offer is definitely worth a look.
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The Chase-to-Hyatt transfer ratio changes from 1:1 to 4:3 on Oct. 1 for some cardholders. Here's a quick look at when I'd transfer points — and when I wouldn't.
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