Will the Capital One Venture X Card's 100K Bonus End Soon?
Capital One Venture X

Will the Capital One Venture X Card’s 100K Bonus End Soon?

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Last month, Capital One made a huge splash by launching its first-ever premium travel credit card, the Capital One Venture X Rewards Credit Card. It’s easily the most exciting new credit card to hit the market in years – if ever – and part of that comes down to a massive welcome bonus.

You can currently earn 100,000 Capital One Venture Miles after spending $10,000 in the first six months of card membership. On top of that, you’ll also get up to a $200 credit upfront to use towards an Airbnb or VRBO stay.

Capital One has confirmed this is a limited-time offer – and though the company hasn’t yet announced a date, it’s only a matter of time before this massive mileage bonus decreases and the homestay credit disappears. We hate to be the bearer of bad news, we’re betting it won’t be around much longer.

On top of the Venture X card’s other great benefits like a $300 annual travel credit and lounge access, doling out this many miles in welcome bonuses comes at a heavy, unsustainable cost to Capital one. Given its unprecedented popularity since its launch in early November, the days of the Venture X card’s 100,000-mile bonus are likely numbered.

We don’t know when it will disappear yet – or what the welcome bonus may drop to when that happens. But if you have the financial responsibility to meet the minimum spending requirement, don’t wait much longer to apply.
 

capital one venture x card
 

Click Here to learn more about the Capital One Venture X Rewards Credit Card

 

What’s Going On with Welcome Offer Bonuses?

Capital One isn’t alone in trying to lure in new customers with eye-popping bonuses.

As more and more Americans have returned to travel throughout 2021, banks, airlines, and hotels are enticing them with big offers to open travel rewards credit cards. The banks are making up for lost business in 2020.

Simply put, 2021 has given us some of the largest welcome offer bonuses we have ever seen on travel rewards credit cards. While these offers are amazing for consumers, they are too costly for the banks to be sustainable in the long-term. And the Capital One Venture X card is no exception.
 

capital one venture x card 

The Venture X welcome offer bonus alone is worth a minimum of $1,200. You’ll earn 100,000 Venture Miles after spending $10,000 in the first six months. And since you earn 2x Venture Miles for every dollar you spend, you’ll end up with 120,000 Miles once you complete that requirement.

Not sure how to put 120,000 Venture Miles to use? Read our post on the best ways to use Capital One Venture Miles!

Think of it this way: For each cardholder that earns the bonus, that’s at least $1,200 Capital One has to shell out to book plane tickets, hotel, or other travel expenses booked using miles via Capital One Purchase Eraser. That tab could grow even larger if you leverage Capital One transfer partners: The company is essentially taking your Venture Miles, then paying an airline to deposit miles in your account.

No matter how you slice it, offering a bonus of 100,000 miles or more is a big expense for Capital One. But the company clearly made a choice to saddle itself with larger costs in order to make as big of a splash as possible when it launched the Venture X Card. That won’t last forever – it can’t.

Tack on the $200 credit which can be used for an Airbnb or VRBO stay in your first year and you’ll have at least $1,400 to spend on travel. That is a crazy value for a card that only charges an annual fee of $395. Not to mention, the card is chock-full of other benefits like lounge access, a $300 travel credit, credits for TSA PreCheck or Global Entry, travel insurance protection, and more.

Read more: Why the Capital One Venture X Annual Fee Shouldn’t Scare You

It’s too good of a deal to pass up … and that’s by design.
 

capital one venture x card
 

Click Here to learn more about the Capital One Venture X Rewards Credit Card

 

How Much Longer Will the Venture X 100K Bonus Last?

We don’t know for sure. But its days could be numbered.

Capital One has only confirmed that this big bonus is temporary. As of this week, a spokesperson said there is still no established end date for the bonus of 100,000-mile and $200 Airbnb/VRBO credit.

But the last massive card launch provides a guide.

When Chase Bank launched the Chase Sapphire Reserve® way back in September 2016, we had never seen anything like it. Like the Venture X Card, it launched with a bonus of 100,000 Chase Ultimate Rewards points. And just like the Venture X Card, the response was explosive – so sought-after, in fact, that Chase temporarily ran out of the metal they were using to produce the cards.

That big offer only lasted about three months – it was quickly pulled in early 2017. And over the last nearly five years, the Reserve bonus has never come close to being as lucrative as that initial launch. Chase executives have confirmed that we won’t see that bonus again. The card launch cost Chase bank millions of dollars, and they needed to make a change.

In our eyes, the Venture X is on a similar trajectory. The card has been wildly popular since it launched.
 

Capital One Venture X Rewards Credit Card 

At the end of the day, Capital One is giving away too much. If we had to guess, we’d be shocked if this bonus lasted much into 2022. And once it’s gone, we probably won’t ever see a bonus like it on the card again.

All that means that it’s a good time to get the card if you’re considering it.

Read More: Travel Credit Card Bonuses are Massive Now, But They’re Too Good to Last

 

Full Benefits of the Capital One Venture X Rewards Credit Card

  • Earn 100,000 Venture Miles after spending $10,000 in the first six months of card membership. Cardholders will also get up to a $200 statement credit for Airbnb or VRBO stays in your first year. This is a limited-time offer!
  • $300 Annual Travel Credit: Each year, cardholders will get up to a $300 travel credit to use through the Capital One Travel booking portal.
  • Capital One Lounge & Priority Pass Select Lounge Access: Cardmembers will also be able to bring up to two guests with them at no additional cost on each visit.
  • Up to a $100 Credit for Global Entry or TSA PreCheck: Membership in either program is good for five years and cardholders will get this credit every 4 years.
  • 10,000 Mile Anniversary Bonus: Every year on your account anniversary, you’ll receive 10,000 bonus miles after paying your card’s annual fee. These miles are worth a minimum of $100 towards travel.
  • Earn 2x Miles on every purchase & More: Cardholders will earn 2x miles on every dollar spent. Cardholders will also earn 10x miles on hotels and rental cars booked through the Capital One travel portal and 5x miles on flights booked via the portal.
  • Complimentary Hertz President’s Circle Status
  • $395 Annual Fee: Add up to four authorized users at no additional cost

 

capital one venture x card
 

Click Here to learn more about the Capital One Venture X Rewards Credit Card

 

Bottom Line

Next year is almost certain to look much different for travel credit cards and welcome bonuses, and the Capital One Venture X Card is no exception. The current 100,000-mile bonus you can earn on the card is simply too good to last.

There’s still no official word on when this bonus may end from Capital One, but the writing is on the wall: It won’t be around too much longer. If you have the financial responsibility to meet the minimum spending requirement, don’t wait much longer to apply.
 

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.

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