Current bonus: Earn 100,000 bonus miles when you spend $20,000 on purchases in the first 12 months from account opening, or still earn 50,000 miles if you spend $3,000 on purchases in the first 3 months. This offer is worth a potential $1,400 in travel.

Once the limited-time offer ends, new account openers will only be eligible for the card’s previous bonus of 60,000 miles once they spend $3,000 on purchases within three months from account opening.

The $95-annual-fee card earns an unlimited 2 miles per dollar for every purchase. Miles can be redeemed for travel through Capital One, at a value of 1 cent per mile. You can also transfer miles to travel partners, or redeem them for cash back, among other options. Note that mile values will vary based on what you redeem them for.

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