Update: A couple of eagle-eyed readers in the comments have noticed that I was incorrect and the referral offer does include the $200 vacation rental portion of the welcome bonus. While the $200 credit isn’t reflected on the referral landing page or the Rates & Fees section, nor in the “Important Disclosures” section on the application page, there is a link for “Card Details” on the actual application page (as shown in the screen shot below) that does indeed list the $200 vacation rental credit. That’s great news. The original post follows below the screen shot.
A reader noticed something today that I hadn’t about the Capital One Venture X refer-a-friend offer:
the friend referral offer doesn’t appear to include the $200 vacation rental credit(Update: the vacation rental credit is included as shown above). That may not matter if you are referring a second player in your household as the referral bonus you’ll get is worth more, but if you’re referring friends outside of your household they would not be getting the best possible deal.
The Capital One Venture X public offer that we have written about include the following:
|Card Offer and Details|
Venture X cardholders can refer friends for a similar offer, but
the $200 statement credit for vacation rentals is not mentioned in the referral offer.
While I wouldn’t have expected the referral offer to be different, it highlights something interesting about the current offer Capital One has on their site and we have on our Best Offers page: a number of people have noticed that the way Capital One has worded the current (non-referral) offer makes it sound like only the $200 statement credit for vacation rentals is a limited-time part of the bonus. On the positive side, the fact that the referral offer omits that credit seems like a sign that the 100K offer may be around to stay (since the referral offer is only missing the “limited-time” part of the welcome bonus). We don’t know that for sure, and 100K seems incredibly generous for a “normal” offer, but it gives me hope.
If you are referring an immediate family member, you probably won’t mind that the statement credit is missing from the refer-a-friend offer. That’s because Capital One gives Venture X cardholders 25,000 miles for each person they refer to the Venture X card up to 100K miles per year.
This makes referring a second household player a great deal since it means a net gain of 25,000 miles. Those 25,000 miles could be used to erase $250 worth of travel (perhaps a vacation rental?) for Player 1 or could be transferred to partners for far more value. If my wife were referring me, I’d definitely have her take the referral offer. If we really wanted to book a vacation rental out of my account for some reason, she could always transfer the miles over to me since Capital One allows you to move miles to other miles cardholders.
However, a friend reached out to me just a little while ago and asked if I had a referral link. I told him that I do but that it’s a better deal for him if he applies directly through Capital One, whether through our link or someone else’s so that he gets his $200 vacation rental credit.
Do note that if the person you refer has any other Capital One credit cards, you will not receive the referral bonus. You only get the referral bonus if the customer you refer is not a Capital One cardholder.
Even for those who will be happy to trade the $200 vacation rental credit for 25K miles, I figured it was worth posting this as I know there are many newly-minted Venture X cardholders out there who are probably eyeing the chance to pick up a bunch of miles but may have missed what’s missing.