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Capital One Sets Record 400,000-Mile Bonus on Venture X Business Card

The record offer targets heavy business spenders seeking high-value transfers to airline and hotel partners.

Overview

  • New applicants can earn 200,000 miles after $30,000 in purchases within three months, then another 200,000 miles after $150,000 in purchases within six months.
  • TPG values Capital One miles at 1.85 cents each, putting 400,000 miles at up to $7,400 via transfer partners versus $4,000 at the fixed 1 cent rate.
  • Eligibility notes include a six-month wait between Capital One approvals and possible denial of the bonus if you hold another Capital One business card, though holding the personal Venture X does not disqualify you.
  • The card charges a $395 annual fee and features a $300 Capital One Business Travel credit, 10,000 anniversary miles, and lounge access for the cardholder plus two guests, with guest access set to tighten in February.
  • Earning rates include at least 2 miles per dollar on purchases, with 10x on hotels and rental cars and 5x on flights and vacation rentals booked through Capital One Business Travel, and no end date has been announced for the offer.