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Live again: Capital One Venture X: 90,000 Point SignUp Bonus

+26 Deal Score
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Live Again through different link:
Capital One Venture X is offering 90,000 miles after $4,000 in spend within the first three months
Here is the new link:

https://applynow.capitalone.com/?productId=24948

$395 Annual fee, not waived for first year

https://applynow.capitalone.com/?productId=24948
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Joined Aug 2013
L5: Journeyman
> bubble2 605 Posts
78 Reputation
snobordir
10-17-2023 at 09:52 PM.
10-17-2023 at 09:52 PM.
Quote from EagerPlant7668 :
If it makes you feel better, I was in the same shoes with Chase's CSP card and I ended up dropping that card after a year because still feel like I was cheated.

These companies don't seem to realize how much more valuable customer word of mouth is than the loss from throwing that customer a bone.
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Joined May 2011
L5: Journeyman
> bubble2 696 Posts
54 Reputation
omnicious
10-17-2023 at 09:55 PM.
10-17-2023 at 09:55 PM.
Anyone know for the $300 travel credit, does it renew by calendar year or by when you signed up for the card? If I got approved now does it renew in January or next October?
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Joined Nov 2015
L9: Master
> bubble2 4,160 Posts
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Original Poster
dshoppr
10-17-2023 at 10:05 PM.
10-17-2023 at 10:05 PM.
Quote from omnicious :
Anyone know for the $300 travel credit, does it renew by calendar year or by when you signed up for the card? If I got approved now does it renew in January or next October?
Obviously October.
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Joined Jan 2008
L3: Novice
> bubble2 180 Posts
60 Reputation
Ointment3d
10-17-2023 at 10:49 PM.
10-17-2023 at 10:49 PM.
Quote from omnicious :
Anyone know for the $300 travel credit, does it renew by calendar year or by when you signed up for the card? If I got approved now does it renew in January or next October?
I got you!
3
Annually, eligible Venture X primary account holders will receive a $300 Capital One Travel credit ("Credit") to use toward purchases made through Capital One Travel. Each annual Credit will expire on the next account open date anniversary. The Credit will be available within Capital One Travel and can be applied to purchases at checkout. The Credit may be used in whole for a single purchase or in part over multiple purchases. Rewards will not be earned on the Credit. If the purchase using the Credit is canceled, the Credit will be restored if it is not expired. An expired Credit will not be restored upon cancellation. A Venture X card account must be open and in good standing to receive or use the Credit.
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Joined Apr 2018
L2: Beginner
> bubble2 28 Posts
18 Reputation
Greens1905
10-18-2023 at 03:35 AM.
10-18-2023 at 03:35 AM.
Quote from Tokar :
It depends.
  • If you redeem the 90,000 for cash, it is worth $450.
  • If you use the points to cover travel purchases (you have to make a travel purchase, be it lodging, air, car rental, uber, local transit, cruise, etc. then you have to wait for it to settle after a couple days, then you go to your rewards and there will be an option to cover travel purchases and it'll give you a list. I did it with my Capital One Venture card) it is worth $900.
  • If you transfer the points to one of the many travel partners that Capital One supports you can get a lot more value, $900 at a MINIMUM. I fly to Colombia a lot. Lifemiles is a supported partner. Even for a full economy ticket on Avianca you can get more than $0.02/point value. I bought a ticket for my mother-in-law in June, used 16,500 points for a one-way ticket on Avianca that would have cost me around $518.50 (based on the USDCOP exchange rate at the time). After deducting the taxes you have to pay with the points, I got $0.02367/point in value. This wasn't a last minute ticket. This was purchased 2 months in advance on a flight that was a low price for the time.

    Now the only caveat here is that while you will get that value and you'll be able to tell yourself you converted 90,000 points into some crazy amount of dollars, the question you have to ask yourself is if you would have booked those flights with cash if you had to. What I mean is, if Avianca is $518.50, and Delta is say $450, and you choose to book Avianca with miles because you say "damn, 450 and 518.50 are expensive, I'd much rather pay cash for when flights are under 400 and maximize the value of these points" would you really have spent $518.50? Unless you REEEEEALLY needed to do the Avianca route, if you were forced to pay cash (say, because you have no miles) you probably would have gone with the Delta flight for $450 (assuming all things being equal...time on flight, layover time, etc.). In my case, I don't remember what other flights were available that I would have chosen for my mother-in-law, but if I had to pay cash, I certainly wasn't buying the $518.50 Avianca flight. I think there was a much less comfortable (with respect to flight times) COPA flight that was like $150 less on a different day. So did I really get $0.02367/point?
think you might be over thinking it. if you trade a voucher for ITEM X, then the voucher is worth whatever ITEM X costs. if you would have chose a different cheaper item had you had to pay with cash, that doesn't change what ITEM X costs and the value you received for the voucher.

if i receive a voucher for a free ferrari, that i wouldn't have bought otherwise, i'm still receiving a ferrari. I could then go sell the ferrari and get cash in hand.

anyways you wrote a good post
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Joined Jul 2006
L6: Expert
> bubble2 1,205 Posts
484 Reputation
PrincipalMember
10-18-2023 at 06:01 AM.
10-18-2023 at 06:01 AM.
Quote from Greens1905 :
think you might be over thinking it. if you trade a voucher for ITEM X, then the voucher is worth whatever ITEM X costs. if you would have chose a different cheaper item had you had to pay with cash, that doesn't change what ITEM X costs and the value you received for the voucher.

if i receive a voucher for a free ferrari, that i wouldn't have bought otherwise, i'm still receiving a ferrari. I could then go sell the ferrari and get cash in hand.

anyways you wrote a good post
He is not over thinking - he is thinking right. Redemption value should be based on what it would cost him without the point conversion. But if his choice of airline/flight times is actually better, then it should be based on his choice.

Let us 2 identical flights - same time / same plane / same seat. Company A can be done through cap one and flight costs $600. Company B costs $500 but can't be done through cap one. The redemption value should be based on $500 and not $600.

That has been the problem lately - some of these travel blogs find some obscure country to travel to on some obscure date and come up with some funny redemption values that are in general very hard to replicate.

In your Ferrari example it may be a question of list price versus negotiable price. You can't base it on the list price even though reward redemption gave it you based on list price. Because wen you go to sell, you willl find out that you can only sell at the negotiated prices.
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Joined Oct 2014
L6: Expert
> bubble2 1,175 Posts
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Deal-R-Dash
10-18-2023 at 06:27 AM.
10-18-2023 at 06:27 AM.
Quote from Deal2go :
with the $400 ANNUAL FEE, this 90k bonus offer is only worth around $200 and waste of 3 credit pulls from all three agencies. terrible offer!
I was literally thinking the same thing.
4
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Joined Apr 2018
L2: Beginner
> bubble2 28 Posts
18 Reputation
Greens1905
10-18-2023 at 04:45 PM.
10-18-2023 at 04:45 PM.
Quote from PrincipalMember :
He is not over thinking - he is thinking right. Redemption value should be based on what it would cost him without the point conversion. But if his choice of airline/flight times is actually better, then it should be based on his choice.

Let us 2 identical flights - same time / same plane / same seat. Company A can be done through cap one and flight costs $600. Company B costs $500 but can't be done through cap one. The redemption value should be based on $500 and not $600.

That has been the problem lately - some of these travel blogs find some obscure country to travel to on some obscure date and come up with some funny redemption values that are in general very hard to replicate.

In your Ferrari example it may be a question of list price versus negotiable price. You can't base it on the list price even though reward redemption gave it you based on list price. Because wen you go to sell, you willl find out that you can only sell at the negotiated prices.
if you trade a voucher for thing #1 that has price X, the value of the voucher is price X.

if you didn't have a voucher, and would have bought thing #2 instead with lower price Y, that doens't change the fact that at time of redemption, the voucher for thing #1 was worth price X
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Joined Jul 2006
L6: Expert
> bubble2 1,205 Posts
484 Reputation
PrincipalMember
10-20-2023 at 08:58 AM.
10-20-2023 at 08:58 AM.
Quote from Greens1905 :
if you trade a voucher for thing #1 that has price X, the value of the voucher is price X.

if you didn't have a voucher, and would have bought thing #2 instead with lower price Y, that doens't change the fact that at time of redemption, the voucher for thing #1 was worth price X
It is NOT. The fact that it is not cash and there are restrictions placed on how you can redeem it, makes it value less than cash in a lot/most of the cases.

If Amex, for example, gives me limited set of choices and says that I can redeem membership points for $100 HD card, just because I redeemed 10,000 points for $100 HD card does not make the value $100. Because if they had given me cash, I would have taken cash and there would be no arguments about the value. But by your argument, it has a $100 value at the point of redemption but it doesn't because I can buy HD cards by spending less. So the real value is what would I have spent for the same product without "constraints" just like cash.

Now if you are lucky to cash out on an item that can't be cheaper elsewhere and it is exactly what you want, then yes the value is equal to what you received. Then good job and pat yourself on the back. And if you happen to get even more value than super-pat yourself on the back. I am still smiling at my free Amex hotel night certificate that I am using for $650 per night hotel in Manhattan. And even though I am happy with what I got here, I don't consider the value to be $650 - it is at least 20% less compared to paying out of pocket.
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Joined Aug 2016
L3: Novice
> bubble2 176 Posts
98 Reputation
killerjoy
10-21-2023 at 11:33 PM.
10-21-2023 at 11:33 PM.
Did not see slick deal and just applied for this card with 75000 bonus points instead of this 90k deal... loss of not seeing slick deal early enough
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Joined Jul 2023
New User
> bubble2 5 Posts
10 Reputation
AmbaGambla
10-23-2023 at 02:41 PM.
10-23-2023 at 02:41 PM.
If you dont qualify under per approval link is there any point in applying anyways?
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Joined Nov 2012
L5: Journeyman
> bubble2 732 Posts
133 Reputation
TommyF
10-26-2023 at 10:07 AM.
10-26-2023 at 10:07 AM.
My brother works for an airline so I travel for next to nothing. If you're not using this card to book flights is it still worth getting?
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Joined Aug 2013
L5: Journeyman
> bubble2 605 Posts
78 Reputation
snobordir
11-04-2023 at 12:47 AM.
11-04-2023 at 12:47 AM.
Quote from TommyF :
My brother works for an airline so I travel for next to nothing. If you're not using this card to book flights is it still worth getting?

All the flight perks can also be applied to hotels (and car rentals). As long as it can be booked through their travel portal. So if you book $400+ of hotels yearly through their portal you can come out on top with this card.
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Joined Mar 2010
L2: Beginner
> bubble2 60 Posts
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bugrahan
11-23-2023 at 09:00 PM.
11-23-2023 at 09:00 PM.
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Joined Mar 2010
L2: Beginner
> bubble2 60 Posts
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bugrahan
11-23-2023 at 09:02 PM.
11-23-2023 at 09:02 PM.
(deleted for redundancy)
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Last edited by bugrahan November 23, 2023 at 09:03 PM.
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