Details: Capital One Venture X 10,000 Anniversary Bonus Miles

Details: Capital One Venture X 10,000 Anniversary Bonus Miles

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Link: Apply now for the Capital One Venture X Rewards Credit Card (this is the best publicly available offer for the card, and we appreciate your support if you use our link)

We recently saw the launch of the new Capital One Venture X Rewards Credit Card, which is Capital One’s new premium credit card.

While the card has a $395 annual fee, there are so many reasons to get this card, from the welcome bonus of 100K Venture miles, to ongoing perks like a $300 annual travel credit, 10K anniversary bonus miles, a Priority Pass membershipaccess to Capital One LoungesHertz President’s Circle elite statusprimary rental car coveragecell phone protection, and amazing authorized user perksI applied for this card and was instantly approved, and I know many OMAAT readers are in the same boat.

In this post I wanted to take a closer look at the 10,000 bonus anniversary miles offered by the card, and how exactly that perk works.

How the Venture X anniversary bonus miles benefit works

The Capital One Venture X offers 10,000 bonus miles on your account anniversary every year:

  • This applies starting on your first account anniversary (roughly 12 months after you get the card), and you receive it every subsequent year as well
  • The 10,000 bonus miles will post to your account within one to two billing cycles of paying the $395 annual membership fee

This is in addition to the card offering a $300 annual travel credit, valid for bookings through Capital One Travel (including for flights, hotels, and rental cars). The annual travel credit is valid each cardmember year (including the year in which you open the account), while the anniversary bonus miles are only available starting your first anniversary.

The Venture X also offers a $300 annual travel credit

How can you redeem 10,000 Venture miles?

The 10,000 anniversary bonus miles can be redeemed exactly the same way as all other Capital One Venture miles. There are a variety of ways to redeem Capital One miles:

  • You can redeem Venture miles for one cent each towards the cost of virtually any travel purchase charged to the card, using the Purchase Eraser feature; that would make the 10,000 Venture miles worth $100
  • You can transfer Venture miles to Capital One’s airline and hotel transfer partners, where a vast majority of transfers are at a 1:1 ratio

Personally I value Capital One miles at 1.7 cents each. That’s based on the ability to transfer the points to Capital One’s airline partners at a 1:1 ratio, given all the first & business class award redemptions this opens up, which offer the most value.

Just to give an example, you could redeem 85,000 Venture miles for $850 towards a travel purchase. Alternatively you could transfer those 85,000 miles to Emirates Skywards, and pending award availability, you could fly one-way in first class from New York to Milan.

If paying cash for that ticket, it would cost almost $6,500, so that’s quite a good value.

Redeem Capital One miles for Emirates first class

Why the annual bonus miles & travel credit make the Venture X a keeper

The Capital One Venture X has a $395 annual fee, which on the surface might seem like more than most people want to pay for a credit card. However, we’ve never seen a premium card that has perks that so directly and easily cover the annual fee:

  • The card offers a $300 annual travel credit valid through Capital One Travel, which you can use to book flights, hotels, rental cars, etc.
  • The card offers 10,000 bonus anniversary miles, which are worth a minimum of $100 in travel, but which I value at $170, thanks to the transfer possibilities

In other words, personally I value those two perks at $470, though at a minimum you should value them at $400, which more than covers the annual fee.

And that doesn’t even account for all the other awesome perks of the card, including a Priority Pass membership and access to Capital One Lounges for the primary cardmember and up to four authorized users.

Access the Capital One Lounge DFW with the Venture X

Bottom line

The Capital One Venture X has lots of great perks, and one of those is the 10,000 anniversary bonus miles offered by the card every year. You earn this starting on your first anniversary (and every subsequent anniversary). The miles can be redeemed for a minimum of one cent each towards a travel purchase, or alternatively, can be converted to points with Capital One’s airline and hotel partners.

The card’s $395 annual fee should be more than justified based on the $300 annual travel credit and 10,000 bonus anniversary miles alone. That’s why this is one of the “cheapest” cards with an annual fee that you can hold onto.

Any other questions I can answer about the Venture X 10,000 anniversary bonus miles?

Conversations (5)
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  1. Rikki Guest

    Applied last week and got an email saying that it was in review. Today I received a call saying they needed to verify my identity. While on the phone with them they sent me a link by text and I had to upload my license through the link. Minutes after the call I got an email that I was approved for 30k. 780or so credit score. Have 2 other Capital One cards that I don't really use but one is my oldest card so I just leave it

  2. Quo Vadis Guest

    @Lucky, used your link to apply for the Venture X on Friday. I [placed a fraud alert on my credit report earlier this year and] had to upload a copy of my DL and SSN card Friday evening. Wasn't sure how many days it would be before receiving a decision, but was pleased to see an e-mail sent in the wee hours of the morning today stating approval.

    I think you've posted yourself half to...

    @Lucky, used your link to apply for the Venture X on Friday. I [placed a fraud alert on my credit report earlier this year and] had to upload a copy of my DL and SSN card Friday evening. Wasn't sure how many days it would be before receiving a decision, but was pleased to see an e-mail sent in the wee hours of the morning today stating approval.

    I think you've posted yourself half to death since the Venture X was announced, however the breadth and depth of your posts reviewing the various benefits of this card have been exceptional. The VX card threatens to exceed the Amex Hilton Aspire as a premium card that clearly pays for itself. Looking forward to its arrival.

  3. johhny Guest

    For what it's worth, if you try to link the Venture X with an existing Capital One account or the Cap One app it asks you to agree to terms that include receiving all communications, including statements, electronically. No paper. For many it won't matter. I prefer a paper statement because it forces me to look at the charges.

  4. Peter Guest

    Those 10,000 anniversary bonus miles sound like two free stopovers on my next Aeroplan redemption.

Featured Comments Most helpful comments ( as chosen by the OMAAT community ).

The comments on this page have not been provided, reviewed, approved or otherwise endorsed by any advertiser, and it is not an advertiser's responsibility to ensure posts and/or questions are answered.

Rikki Guest

Applied last week and got an email saying that it was in review. Today I received a call saying they needed to verify my identity. While on the phone with them they sent me a link by text and I had to upload my license through the link. Minutes after the call I got an email that I was approved for 30k. 780or so credit score. Have 2 other Capital One cards that I don't really use but one is my oldest card so I just leave it

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Quo Vadis Guest

@Lucky, used your link to apply for the Venture X on Friday. I [placed a fraud alert on my credit report earlier this year and] had to upload a copy of my DL and SSN card Friday evening. Wasn't sure how many days it would be before receiving a decision, but was pleased to see an e-mail sent in the wee hours of the morning today stating approval. I think you've posted yourself half to death since the Venture X was announced, however the breadth and depth of your posts reviewing the various benefits of this card have been exceptional. The VX card threatens to exceed the Amex Hilton Aspire as a premium card that clearly pays for itself. Looking forward to its arrival.

0
johhny Guest

For what it's worth, if you try to link the Venture X with an existing Capital One account or the Cap One app it asks you to agree to terms that include receiving all communications, including statements, electronically. No paper. For many it won't matter. I prefer a paper statement because it forces me to look at the charges.

0
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