Are you eligible for the Capital One Venture X’s welcome bonus?

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The Capital One Venture X Rewards Credit Card made waves in the premium travel rewards space upon its release. It offers incredible perks at a comparatively low $395 annual fee — which may have you questioning whether it’s a better option than the higher-priced Chase Sapphire Reserve or The Platinum Card® from American Express.

Right now, new cardholders will earn 75,000 bonus miles after spending $4,000 in the first three months of account opening. TPG values these miles at $1,388 when leveraging the issuer’s 15-plus airline and hotel transfer partners.

If you’ve decided that it’s time to apply for the Venture X, you’ll want to make sure you review the eligibility criteria first — especially if you’ve carried other Capital One cards in the past.

Here’s everything you need to know.

Capital One Venture X details

Let’s quickly look at what the Venture X brings to the table, from the welcome bonus to the ongoing perks.

Current welcome bonus

New applicants for the Capital One Venture X will earn 75,000 bonus miles after spending $4,000 in the first three months of account opening.

There are two main ways to use these miles. First, you could redeem Capital One miles for any travel-related charges on your statement, whether that be Uber or Lyft rides, toll and parking fees or rental cars, or for future bookings through the Capital One Travel portal. Your Capital One miles are worth 1 cent each in this fashion, so you’re looking at about $750 in travel value.

But the better option may be to transfer your miles to Capital One’s loyalty program partners — most of which have a simple transfer ratio of 1:1. By moving your miles over to some of the more lucrative partners, such as Air Canada Aeroplan or Turkish Airlines Miles&Smiles, you can easily exceed the baseline value of 1 cent per mile.

The Venture X carries a $395 annual fee — which is notably lower than its premium counterparts.

Earning

The Capital One Venture X presents an earning rate that’s simple yet rewarding:

Other benefits

Beyond the welcome bonus, here are the recurring benefits on the Venture X:

If you’ve decided that you want to apply for the Venture X, here are the card’s eligibility requirements.

Check your credit score

First and foremost, be sure to take a look at your credit score. Capital One specifically mentions that you should have excellent credit to qualify.

While the issuer does not provide a specific credit score range, here’s how Capital One defines an excellent credit score:

I’ve never declared bankruptcy or defaulted on a loan; I haven’t been more than 60 days late on any credit card, medical bill, or loan in the last year; I’ve had a loan or credit card for three years or more with a credit limit above $5,000.

Capital One application rules

Capital One restricts the number of personal cards (not business cards) you can carry in your wallet. If you already carry two or more consumer Capital One cards, you’ll likely be denied for the Venture X — even if you have an excellent credit score.

Some of Capital One’s other consumer cards include the Capital One Venture Rewards Credit Card, Capital One VentureOne Rewards Credit Card, Capital One Quicksilver Cash Rewards Credit Card and the Capital One SavorOne Cash Rewards Credit Card.

In addition, you’ll only get approved for one Capital One card every six months, so be sure to space out your applications accordingly.

Current and previous Venture X cardholders

These are the restrictions that are specifically stated in the Venture X’s terms and conditions:

You will earn 75,000 bonus miles if you spend at least $4,000 within three months of your rewards membership enrollment date. Once you qualify for this bonus, we will apply it to your rewards balance within two billing cycles. Existing or previous accountholders may not be eligible for this one-time bonus.

If you currently hold or previously have held the Venture X, you won’t be eligible for the welcome bonus.

What if I already have the Venture or VentureOne cards?

If you carry one of the Venture X’s sister cards (the Capital One Venture Rewards Credit Card and Capital One VentureOne Rewards Credit Card), you will still be eligible to carry the Venture X and get the card’s welcome bonus. The only caveat is that you’ll want to keep a close eye on the timing of your applications.

That said, even recent applicants for one of the other Venture cards have had success adding the Venture X to their wallets.

TPG’s Nick Ewen and David Slotnick applied for the Capital One Venture when it offered an up-to-100,000-mile welcome bonus in April 2021 (since expired). And both were able to get approved for the Venture X less than a year after they applied for the Venture.

Read more: Credit card showdown: Capital One Venture vs. Capital One Venture X

Bottom line

The Capital One Venture X Rewards Credit Card offers terrific value for a wide variety of travelers. And fortunately, there are only a few restrictions when it comes to eligibility for the card’s 75,000-mile welcome bonus. As long as you time your applications carefully and have “excellent credit” based on Capital One’s definition, this solid rewards card can be yours.

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

Official application link: Capital One Venture X