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Overview
The Capital One Venture X Business Credit Card is currently running one of the biggest introductory offers we’ve ever seen: 350,000 miles. It’s not for low-spending businesses—you’ll need to spend $30,000 within three months to earn the first 150,000 miles before hitting the $200,000 mark within six to earn the rest.
It’s no small feat.
But if your business has outgoings that size, you could be in for a tidal wave of high-value miles. In fact, with the spending requirement, you’ll have at least three quarters of a million miles ready to take you around the world.
That’s an insane number of miles, and you might be at a loss how to use them effectively. Worry no more, as we’re here to show you some of the best ways to spend 350,000 Venture Miles.
The Bottom Line:
A bonus as big as 350,000 Capital One Miles has a lot of scope. But it’s also easily squandered. Take your time to understand and maximize your miles, whether it is with impressive business-class flights or a ton of economy flights.
- Best for: High-spending businesses
- Annual Fee: $395
- APR: N/A
- Reward Rate: 2X-10X
- Recommended Credit: 740-850
Capital One Venture X Business
Limited-Time Offer: 350,000 Bonus Miles
Offer Details:
For a limited time, earn up to 350,000 bonus miles: 150,000 miles once you spend $30,000 in the first 3 months, and an additional 200,000 miles once you spend $200,000 in the first 6 months.
Why we like it
The Venture X’s intro bonus is huge. For higher spending businesses, few cards can offer as much in the way of miles. The 2x mile per dollar flat-rate makes earning simple and its $395 annual fee is lower than many of the competing preimum cards. Cardholders get their money’s worth in additional benefits, like lounge access, and employee cards can be added for free.
Reward details
2 miles per dollar on every purchase
5 miles per dollar on flights and vacation rentals booked through Capital One’s travel booking site
10 miles per dollar on hotels and rental cars booked through Capital One’s travel booking site
Pros & Cons
Pros
Huge introductory bonus
Strong flat-rate earning on all purchases
High-end perks and benefits
Free employee cards
No foreign transaction fees
Cons
High spending threshold to earn bonus
Terms Apply
A Note on Value
I always start these articles with a reminder on this. We do our best to give you the best value options for your situation. But remember, value is subjective in this game. Redeeming a flight that costs $10,000 might be worth it for some, but others may find that the value of multiple economy flights and a few hotel stays is much higher.
Think about what matters more to you. You don’t want to blow it all on one cool flight and regret paying for the other five trips you already had planned.
58 Transatlantic Flights With Virgin Atlantic
You didn’t read that wrong. 58 transatlantic flights.
Virgin changed the game last year when it overhauled its previously lauded award chart. Everyone thought it was the end of Virgin’s time as a valuable transfer partner. Instead, it went and became arguably the most valuable.
Its dynamic pricing system means that flights can soar. But it also means rates can hit rock bottom, and they frequently do. I’ve already booked two New York to London flights for just 6,000 points and $75. Business class flights, while harder to find at this rate, can be as low as 29,000 points.
With 350,000 Capital One Miles to play with, you’re looking at almost sixty flights across the Atlantic. You could fly your whole damn book club to London and back.
Capitalize on Domestic Flights
350,000 miles gets you a long way. It’ll take you around the planet if you want. But others have humbler ambitions, like decreasing costs for absurdly high air travel in the US. Capital One has multiple high-value transfer partners that make getting around the country remarkably cheap, and 350,000 miles can get you a lot.
Transferring to United can grant you flights as low as 7,500 miles each with just $5.60 in taxes and fees. That’d be a potential 46 flights. Turkish Airlines has a flat rate of 10,000 points on domestic US flights, meaning you could fly from New York to Hawaii and back 17 times.
These only scratch the surface of what’s available. Booking Delta flights with Virgin and KLM is possible, as well as American Airlines using British Airways Avios or Singapore KrisFlyer. Choosing to use your miles this way might not be the sexiest, but it’s impressive when spread out over the months and year. The country is your oyster.
Dodge Surcharges on a Lufthansa First Class Flight to Germany
Lufthansa’s first-class seat is one of the most sought-after in the industry. The meeting point of luxury and German efficiency, it’s an experience to be savored. The problem? Booking it with most of its partners can be expensive as they pass on fuel surcharges. A points redemption can still cost $1,800 for a round-trip award seat.
But finding availability on one of its partners, like Avianca can help you get around this. Avianca doesn’t pass on the fees, meaning you can book one of the most aspirational seats on the planet for just 87,000 miles and $71 in fees.
The tough part is booking it. Lufthansa only releases partner availability about two weeks before the flight, so you’ll have to be willing to dive on it and go—not ideal for everyone, but amazing for those who can. I had no luck while writing this, but they exist.
You can also check United and Air Canada. The rates are likely to be 100,000 points and above, but with no fees passed on, it’s still a good deal.
See the World With Air Canada
I like putting Air Canada in every one of these guides because its Aeroplan system is just so damn reliable. Using one of the last true award chart systems, you know exactly what you’re getting with the Canadian flagship carrier. It splits the world into zones, then assigns a point value based on the distance flown.
For example, a partner business class flight anywhere in the North American zone is capped at just 35,000 points. If you expand that to Europe and Africa, a business flight under 4,000 miles is 60,000 points or 70,000 points if you stretch to 6,000 miles. Going the opposite direction, a flight to Japan from the West Coast will run 75,000 points.
Individually, these redemptions might not be as strong as some of the big sweet spots, but the consistency and comparative availability make this program an outstanding choice for anyone. And with 350,000 points to play with, that’s a lot of potential flights.
Book a Round Trip in a Singapore Suite
I’ll start with the bad news. The Singapore Suite doesn’t feature on any Singapore flights from the US currently. The good news? It’s worth flying to London or Frankfurt and doing it from there for 140,000 points. The Suites are legendary. With only six of them per flight, each passenger is treated to their own private room, including the incredible service Singapore is renowned for.
You can only book the Suites on Singapore’s Krisflyer portal, and Capital One transfers directly to it on a 1:1 ratio. You’ll need to find a saver rate on one of the direct flights on an Airbus A380. Booking First Class on one of their Boeings is epic as well, but it’s not the same experience. It is much easier to find availability for those, however.
Singapore Airlines releases availability a year in advance, so I’d recommend logging in as the clocks turn at 8AM GMT and trying to dive on what’s there. Stay flexible, and book your vacation around the flight—not the other way around.
Use Turkish Airlines to Book United Polaris and more
I already mentioned Turkish Airlines, but it’s worth giving the program a spot all on its own. It devalued its award chart last year, which upset a lot of people, but everyone seems to forget that it’s still one of the most valuable ways to redeem Capital One Miles. Its US domestic partner flights are still incredible, setting Economy, Business, and First at 10,000, 15,000, and 25,000 miles each.
For clarification, that’s anywhere in the US. By that standard, it always makes sense to fly as far as possible. New York to Hawaii would be the same as New York to Chicago.
It also represents an excellent opportunity to try out United’s Polaris Class on a transcontinental route. Once again, the onus is on you to find the availability and work through Turkish Airlines’ often frustrating system. But the juice is worth the squeeze.
Fly Business Class to Europe with KLM/Air France Flying Blue for 60,000 points or less
KLM and Air France’s joint Flying Blue program represents a good example of the value and chaos of a dynamic system. Just look at the rates in the images below. At its best, you can grab a flight from almost any major city in the US to Paris, Amsterdam, and others for just 60,000 points. At its worst, you get insane rates like 600,000 points.
The first is great value and easy to find if you’re flexible with dates. But the crazy rates represent an important moral for you if you’re sitting with 350,000 Capital One miles. You have enough miles to transfer and book a flight costing over 300,000 points. If you’re inexperienced, you may be tempted to dive into it. It’s a free flight after all (besides taxes). But choosing instead to pay in cash for that flight and redeem the better rates later can often end up cheaper.
They’re important distinctions to make. It’s easy to blow points. It’s hard to maximize them. The system is built that way.
by your friends at The Daily Navigator
