Capital One Venture X highest offer in 4 years: Earn a 100,000-mile bonus

The Capital One Venture X Rewards Credit Card stands tall in the travel credit card market. This is thanks to its straightforward benefits, ability to earn valuable Capital One miles and annual fee of $395, modest compared to its premium counterparts.

If you've been eyeing this rewards card, now is a fantastic time to apply. That's because the card is offering its highest welcome bonus since its launch in 2021. The only time this card has had a limited-time welcome bonus was during the first four months after it debuted.

Let's dive into the Venture X's bonus and benefits to help you decide whether now is the time to add the card to your wallet.

Current Capital One Venture X offer

New Venture X applicants can earn 100,000 miles after spending $10,000 on purchases in the first six months of account opening.

According to TPG's November 2025 valuations, this bonus is worth $1,850.

Capital One miles are most valuable when you leverage one of the issuer's 15-plus transfer partners. However, cardholders also have the option to redeem at a fixed rate of 1 cent per point to cover recent travel purchases on the card or make bookings through the Capital One Travel portal. This bonus is worth a respectable $1,000 if you redeem it this way.

How does this compare to past offers?

Outside of the Venture X's November 2021 launch, this is the only elevated offer we've seen in the card's history. The Venture X offered the same 100,000-mile offer from November 2021 to March 2022. Otherwise, it has never strayed from its standard 75,000-mile offer (not currently available).

This 100,000-mile offer hasn't been available in four years, making now a great time to apply.

Application rules and restrictions

Capital One recently imposed a 48-month family rule across its lineup of Venture cards, including the Capital One VentureOne Rewards Credit Card and the Capital One Venture Rewards Credit Card.

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This new Venture family rule restricts you from moving 'down' the Venture card family (in terms of annual fees), meaning if you already have the Venture X and earned the bonus in the last 48 months, you won't be approved for the VentureOne ($0 annual fee) or Venture ($95 annual fee). So, that's something to keep in mind if you want to pick up one of these two lower-tier cards in the future.

Additionally, if you've opened the Venture X and received its bonus in the last 48 months, you won't be eligible for this current bonus.

Capital One's other application restrictions require you to wait six months between approvals for new Capital One cards, including both personal and business cards.

Related: 6 things to do when you get the Capital One Venture X

Why you should apply for the Venture X

The Venture X provides several benefits for frequent travelers to enjoy. Key perks include:

• Anniversary bonus: The card pays 10,000 bonus miles on your account anniversary, starting on your first anniversary. As of November 2025, TPG values those 10,000 miles at up to $185 when utilized with Capital One's transfer partners.
• Annual travel credit: Cardholders will receive a $300 annual credit for bookings made through Capital One Travel.
• Global Entry or TSA PreCheck: Cardholders receive up to $120 in statement credits for either TSA PreCheck or Global Entry.
• Lounge access: Cardholders, authorized users and up to two guests per visit get complimentary access to Capital One lounges and more than 1,800 Priority Pass lounges until Feb. 1, 2026. After this date, you'll be required to pay for guest access to both types of lounges.
• Authorized users: Additional authorized users can be added at no charge. However, beginning Feb. 1, 2026, each authorized user will cost $125 annually to retain Capital One and Priority Pass lounge access.
• Luxury hotel perks: The Capital One Premier Collection offers free breakfast, room upgrades and other perks at participating hotels and resorts. Cardholders can also access Capital One's lower-tier Lifestyle Collection.
• Stacking car rental perks: Cardholders can stack car rental perks with Hertz.*

*Upon enrollment, accessible through the Capital One website or mobile app, eligible cardholders will remain at that status level through the duration of the offer. Please note, enrolling through the normal Hertz Gold Plus Rewards enrollment process (e.g. at Hertz.com) will not automatically detect a cardholder as being eligible for the program and cardholders will not be automatically upgraded to the applicable status tier. Additional terms apply.

On top of these benefits, the Venture X makes it easy to earn Capital One miles at competitive rates:

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

If you maximize the full value of just two of the Venture X's annual perks — the $300 travel credit and 10,000 bonus points — you will effectively recoup your $395 annual fee. That's because TPG's November 2025 valuations place the bonus points at $185. When you add the value of the $300 credit to this, you reach a total annual value of $485.

Related: Cashing in Capital One miles? How to get the maximum value when redeeming miles

Bottom line

The Venture X is providing 100,000 miles in its first elevated offer since launch, which makes now a great time to apply if you're eligible for the bonus.

Plus, the card can be a great option for many travelers, and the card will likely become more compelling over time as Capital One continues to invest in its rewards program and its lounge network.

To learn more, read our full review of the Venture X.

Learn more: Capital One Venture X

For Capital One products listed on this page, some of the benefits may be provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.