The Capital One Venture X Rewards Credit Card is a travel reward credit card that earns miles for purchases you make. It comes with multiple perks and benefits that frequent travelers might find useful, like most travel cards.
Capital One’s Venture X Rewards Credit Card is a great choice for travelers who want to earn rewards on their spending. Here’s our review of the card, covering its strengths and weaknesses.
Capital One Venture X Rewards Credit Card: Who Should Apply?
The Capital One Venture X Rewards card is the perfect credit card for frequent travelers. With benefits like annual travel credits, airport lounge access, and anniversary miles each year, this card is sure to make your travels more enjoyable.
The benefits of a travel credit card can be great, depending on your travel habits. However, those same benefits could prove to be nearly useless if you don’t travel often. It’s important to note that paying an annual fee of $395 would likely not make much sense unless you’re taking advantage of the card’s perks.
If you’re a frequent traveler who can find value in this card’s features, it should be more than worth it. This card offers a welcome bonus and benefits that can provide plenty of value, including more than enough to offset the annual fee. Keep in mind, you typically need an excellent credit score to qualify for the Capital One Venture X Rewards.
Basic Card Info
- Type of card: Travel.
- Issuer: Capital One Bank.
- Network: Visa.
- Annual cost: $395.
- Spend $4,000 on purchases within the first three months of opening your account to earn 75,000 miles.
- For every dollar spent through Capital One Travel, you’ll earn 2X miles; for every dollar spent on Turo until May 16, 2023, you’ll earn 6X miles; and for every dollar spent on flights through Capital One Travel, you’ll earn 5X miles.
- Minimum credit score: Excellent.
- Fee for foreign transactions: None.
The Pros
- You can earn 75,000 miles when you spend $4,000 on purchases in the first 3 months from account opening.
- You’ll get 2X miles per dollar on every purchase, every day. Plus, for a limited time, you’ll get 10X miles on hotels and rental cars booked through Capital One Travel, and 5X miles on flights booked through Capital One Travel.
- Take advantage of up to $300 in annual travel credits when you book your next trip through Capital One Travel.
- As a cardholder, you will earn 10,000 bonus miles on your account anniversary.
- As a cardholder, you have access to the best airport lounges around the world. With Priority Pass, you can relax in style at any of their 1,300+ lounges. You also have access to Capital One Lounges and Plaza Premium Lounges. Capital One has already opened a lounge at the Dallas/Fort Worth International Airport and has plans to open two more in 2022 at Denver International Airport and Washington Dulles International Airport.
- You Apply for Global Entry or TSA PreCheck® to get up to $100 in statement credit.
- Your miles can be transferred to over 15 travel partners, including Air Canada Aeroplan, British Airways Executive Club, and Wyndham Rewards. This gives you the flexibility to redeem your miles for the travel option that best suits your needs.
- You can receive bonus miles for Turo purchases through May 16, 2023.
- As a valued customer, you will enjoy complimentary elite status with Hertz, called President’s Circle. This exclusive status provides many benefits such as skipping the rental counter, guaranteed upgrades and choosing from the widest selection of available vehicles.
- As a holder of a VISA Infinite card, you are entitled to some benefits that can come in handy when you travel. These include cell phone protection in case of loss or damage, reimbursement for lost luggage, and coverage for trip cancellations or interruptions. You also get extended warranty protection on eligible purchases, as well as an auto rental collision damage waiver.
- As a Capital One cardholder, you have access to exclusive events and experiences. Whether you’re into music, sports, or dining, we’ve got you covered. With our Entertainment portal, you can use your rewards or pay with your card to get tickets to the best events around.
Cons
- Capital One’s Venture X Rewards credit card has a $395 annual fee. This might seem high compared to other rewards cards, but it’s lower than what other premium travel cards charge.
- Although it can be helpful, having a $300 annual travel credit that can only be used when booking through Capital One’s travel portal can be slightly restrictive. Other cards with travel credits, such as Chase Sapphire Reserve®, offer more flexibility since their credits can be used for nearly any travel purchase.
- You will need an excellent credit score to qualify for the Capital One Venture X Rewards card. This isn’t surprising considering that’s what most premium travel cards require.
Earning Tips
The Venture X Rewards card from Capital One is a great way to earn rewards on everyday purchases. You’ll earn 2X miles per dollar spent on all purchases, plus 10X miles on hotels and rental cars booked through the Capitol One Travel portal. Plus, for a limited time, you’ll earn 5X miles on flights booked through the Capitol One Travel portal. So whether you’re booking travel or just shopping around town, the Venture X Rewards card is a great way to earn rewards.
When you compare credit cards, it’s rare to find one that offers a 2X or higher rewards rate on every purchase. However, with the Venture X card, you can earn valuable miles quickly just by using it for your everyday spending. While the bonus categories may not be as exciting as some other cards, they could come in handy when booking travel through Capital One Travel.
Increase Your Redemptions
Miles from Capital One’s travel rewards program is most valuable when redeemed for travel expenses like flights, hotels, and rental cars. You can also transfer your miles to Capital One’s airline and hotel partners to get even more value out of them. Keep in mind that your miles are worth 1 cent each when redeeming them through the Capital One travel portal, but could be worth much more depending on how you use them.
There are many ways to redeem your miles, but using them for travel typically provides the best value. Cashback, Amazon.com, or PayPal purchases and gift cards are all options, but they usually don’t give as much bang for your buck as using your miles to book a trip.
Travel Partners
The Capital One Venture X Rewards card offers a great way to redeem your miles. You can transfer your miles to one of over 15 airline and hotel loyalty programs, which could potentially increase the value of your rewards. This is an excellent way to make sure you get the most out of your rewards.
Miles can be transferred to some different programs at a 1:1 ratio, except for the ALL – Accor Live Limitless and EVA Infinity MileageLands programs. Here are the capital one partners.
- AeroMexico Club Premier
- Air Canada Aeroplan
- Air France/KLM Flying Blue
- ALL – Accor Live Limitless (2 to 1 ratio)
- Avianca LifeMiles
- British Airways Avios
- Cathay Pacific Asia Miles
- Choice Privileges
- Emirates Skywards
- Etihad Guest
- EVA Infinity MileageLands (2 to 1.5 ratio)
- Finnair Plus
- Qantas Frequent Flyer
- Singapore KrisFlyer
- TAP Air Portugal Miles&Go
- Turkish Airlines Miles&Smiles
- Virgin Red Virgin Points
- Wyndham Rewards
FAQs
How valuable is Capital One Venture X Rewards?
The Capital One Venture X Rewards card is a great choice for frequent travelers. With its $395 annual fee, it is lower than other premium travel cards and comes with a $300 annual travel credit and 10,000 anniversary miles. You also get access to Visa Infinite benefits, TSA PreCheck® or Global Entry fee reimbursement, airport lounge access, and more.
Capital One Venture Rewards or Capital One Venture X Rewards: which is better?
The best travel rewards credit card for you depends on your travel habits. Capital One Venture X Rewards card comes with annual travel credits and other perks that can save you money, making its $395 annual fee worth paying for frequent travelers. However, infrequent travelers might find the annual fee too costly. In that case, the Capital One Venture Rewards Credit Card with its $95 annual fee could be a better option.
What if I already have an existing Venture card from Capital One?
You’re still eligible to apply for the Capital One Venture X Rewards card if you already have a Capital One Venture credit card, including the Capital One Venture Rewards Credit Card and Capital One VentureOne Rewards Credit Card.
Card Alternatives
Are you interested in a premium travel rewards credit card that offers great benefits and features? Then you may want to consider Capital One Venture X Rewards. With this card, you’ll earn valuable rewards points on every purchase, which can be redeemed for travel expenses or cash back. Plus, there are no foreign transaction fees, so it’s a great choice for international travelers. But if it doesn’t seem like the right fit for you, consider the Chase Sapphire Reserve or The Platinum Card® from American Express.
Capital One Venture X Rewards Credit Card
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Capital One Venture X Rewards Credit Card
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Capital One Venture X Rewards Credit Card Review
It depends on your travel habits whether you would benefit from a travel credit card. Those same benefits, however, could be nearly useless if you don’t travel often. A $395 annual fee doesn’t make much sense unless you take advantage of the card’s perks.
