[Update: False Alarm] Capital One Venture X referral offer missing vacation rental credit


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
Capital One Venture X Rewards Credit Card
100K miles + Up to $200 statement credit
Earn a one-time bonus of 100K Capital One miles after $10K spend in the first 6 months + a limited-time bonus of up to $200 in statement credits for vacation rentals charged to your card in the first year

$395 Annual Fee

FM Mini Review: This card offers annual rebates that easily mitigate the fee for those who travel often and could be worth it for the lounge access and travel protections given the cost/benefit ratio. Authorized users are free and also get access to perks like Priority Pass, Capital One Lounges, and Hertz President's Circle status. The card earns 2 "miles" per dollar on most purchases just like the Capital One Venture Rewards card, which are worth exactly 1 cent each toward travel. This makes the return on most spend similar to a 2% cash back card (though in this case you must redeem your miles to offset travel in order to get 1 cent per mile). One big advantage over cash back: Capital One allows transfering their "miles" to airline miles & hotel points.

Card Type: Visa Infinite


Earning rate: 10X on hotels and rental cars booked via Capital One Travel ⚬ 5x on flights booked via Capital One travel. ⚬ 2X everywhere else.

Noteworthy perks: Up to $300 in statement credits annually for bookings made through Capital One Travel ⚬ 10,000 bonus miles each year starting at first anniversary ⚬ Receive up to $100 application fee credit for Global Entry or TSA Pre✓® ⚬ Cell phone insurance ⚬ Trip delay / cancellation insurance ⚬ Primary CDW coverage Redeem miles for travel at value of 1 cent per mile ⚬ Convert "miles" to airline miles & hotel points ⚬ No foreign transaction fees

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.

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If I have a Capital One Venture, can I use a referral from that card to get my husband a Capital X?


I noticed on the referral page that it says you earn 25k points per friend referred up to 100k per year but when I click on the t&c, it says maximum 50k per year. Hmm.


Has anyone tried to use the $200 credit? How does it work? I can’t find any info on CapOne site. do you just use the card and hope it credits?


weird question: i applied without lifting my credit freeze (i somehow do this all the time) so they declined. i lifted the freeze and they declined again but no credit pull so that might duplicate application issue. does anyone know how soon can i reapply?


I have an old Neiman Marcus store card that got acquired by cap one. It shows up in my cap one account. Will that prevent the person referring me from getting the 25k referral bonus?


The way this referral system works is ridiculous. I mean you don’t get the 25k points if the refered person already has ANY Cap1 card??? Wtf? No other issuer works like that. Maybe institute a warning in the referral section on your review of the VX?

Last edited 20 days ago by Scott

Nothing like AMEX saying can’t can’t have a certain Marriott card because you had a Chase Marriott card.

It’s their bank and they can say what they like. At least we know now, not a few months later when you don’t get the bonus because the bank didn’t like what you bought.


I think that’s a Marriott thing my guy. It’s my understanding that the cobrand may pay for a portion of the SUB in exchange for a potentially larger share of the revenue split from the interchange.


its not in terms but there is an image on 2nd page (on the employment page). i took a screenshot.


Correct, it appears when you go to the application page where it lists the sign-up bonus.


I can’t tell you how glad I am that the creepy “Presented By Capital One” and the accompanying wallpaper isn’t present on your site. Please tell me that you’re maintaining your journalistic impartiality by not doing that. I like respecting you guys and never having to second guess what you post.


Glad to hear it. Many thanks.


Classy move and just reinforces why FM is always a cut above the rest of the travel blogs out there!