I was intrigued so I went to the CapOne sight and looked into the card. To me the only benefit it offers over the current Cap One Venture card (the card that we all got for the 110K point bonus) is that the 2 for 1 is redeemable for all expenses and not just limited to travel expenses.

OK I nearly forgot the $100 + $50 bonus, but that is really an insignifant bonus compared to the general $250 cash bonus available from many other cards.

For me I have enough travel expenses that I can easely redeem everything I earn at 2 for 1.

Conclusion, not worth the effort.