If you are able to meet the minimum spending threshold in the first six months, you will have a minimum of 120,000 bonus miles. Because Capital One miles are always redeemable for one cent per point towards travel this is a $1,200 value from the start. But the benefits don’t end there.
The benefits the Venture X card offers are very compelling, even if you only travel a few times per year. In one trip alone, you can easily use the $300 statement credit for Capital One Travel, and nearly make back the cost of the annual fee. Any use of the other perks only increase the card’s value. It’s also nice to see Capital One offer an incentive to hold onto the card by offering 10,000 points on your account anniversary.
In addition, cardholders do not need to keep track of any spending categories as all eligible purchases outside of Capital One Travel earns 2X miles for every dollar spent — which is a respectable return, especially if you’re transferring points to travel partners. And when booking travel through Capital One, you’ll be rewarded big with up to 10X miles per dollar spent.