Capital One Travel Takes On Rival Banks With 10x Rewards for Luxury Hotels

At a time when rivals banks such as Chase, Citi, American Express and US Bancorp are trying to improve their travel offerings, Capital One Travel plans to introduce 10x rewards for bookings in a new luxury hotel collection, and partnered with Chef José Andrés Group in a novel airport lounge concept.

Travelers who have a Capital One Venture X card in their wallets will have the ability to earn 10x miles per dollar for bookings of stays at properties in Capital One Travel's Premier Collection, a new luxury hotel mashup that Capital One Travel said it will launch later in 2022. The credit card company stated that the earn rate is industry leading.

The Premier Collection, which would have hotels bookable through the Capital One Travel portal, powered by Hopper, includes "hundreds" of properties from Small Luxury Hotels, The Leading Hotels of the World, Six Senses, 1 Hotels, and Proper Hotels, as well as individually contracted hotels, Capital One Tra