Annual Fee
$95
Foreign Txn Fee
$0
Credit Needed
Good to Excellent (700+)
APR
19.49%–28.49% variable
Rewards Categories
5x Hotels, vacation rentals, rental cars, activities via Capital One Travel
5x Capital One Entertainment purchases
2x All other purchases
Benefits
Up to $120 statement credit for Global Entry or TSA PreCheck
$50 experience credit at Lifestyle Collection hotels/vacation rentals
Complimentary Hertz Five Star status
Miles never expire, transferable to 15+ travel loyalty programs
Auto rental collision damage waiver
Travel accident insurance
No foreign transaction fees
Welcome Bonus
75,000 bonus miles after spending $4,000 in first 3 months
Pros & Cons
Pros
Simple flat 2x on everything makes it easy to maximize without tracking categories
Miles transfer to 15+ airline/hotel partners
Global Entry/TSA PreCheck credit at a relatively low $95 fee
Cons
5x bonus categories are narrow (only Capital One Travel and Entertainment portals)
2x base rate is good but below some premium competitors' bonus categories
No lounge access
Best For / Worst For
Best For
Travelers who want simple flat-rate earning without tracking bonus categories
Worst For
People who want bonus categories on dining or groceries specifically
Reward Valuation
Capital One miles valued around 1.7–1.85 cents when transferred to airline/hotel partners; 1 cent each toward travel statement credits.
Points Value Breakdown
Average Value
1.75¢/point
Travel Redemption
1¢/point
Transfer Partner Value
1.85¢/point
Statement Credit Value
1¢/point
Cash-Out Value
0.50¢/point
Example
75,000 welcome bonus miles ≈ $750 toward any travel statement credit at 1¢ each, or up to ~$1,390 if transferred to Avianca LifeMiles for a premium-cabin award.
Statement Credits
Global Entry/TSA PreCheck
Up to $120
One-time credit every 4 years
Lifestyle Collection Credit
$50/stay
Experience credit at select Lifestyle Collection hotels via Capital One Travel
Transfer Partners
Air Canada Aeroplan
Strong for Star Alliance awards
1:1
Avianca LifeMiles
Frequent transfer bonuses
1:1
Wyndham Rewards
Good for budget hotel stays
1:1
Turkish Airlines Miles&Smiles
Useful for Star Alliance partner awards
1:1
Travel Protections
Travel Accident Insurance
Coverage for accidental death or dismemberment during covered trips
Insurance Benefits
Auto Rental Collision Damage Waiver
Secondary coverage when renting and declining the rental company's insurance
Approval Odds
Generally requires good to excellent credit (700+). Capital One is known for being unpredictable with approvals regardless of score ("the algorithm").
Historical Welcome Offers
June 2026
High Offer75,000 miles after $4,000 spend in 3 months
2025
High Offer75,000 miles after $4,000 spend in 3 months
User Reviews
April 2026
Set it and forget it
I love not having to think about categories. 2x on everything is simple and the miles transfer well to Avianca for cheap business class.
— B.O.
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Last verified June 2026