Extra, Extra! That’s not only a call to attention, it’s the adjective we would use to describe the Capital One Venture X Rewards Credit Card, Capital One’s newest and most premium travel card. The card is packed with extras that put it firmly in competition with The Platinum Card® from American Express and Chase Sapphire Reserve®, but at an annual fee that leaves the others far behind. The front page headline: Venture X is a winner.
- Annual fee lower than others in its category
- Annual travel credit and anniversary points alone could justify the annual fee
- Points are easy to earn and easy to use
- Lack of domestic airline and upscale hotel travel partners
- Capital One lounge network in its infancy
- Lack of hotel status benefits
- Earn 100,000 bonus miles when you spend $10,000 on purchases in the first 6 months from account opening, equal to $1,000 in travel
- Limited-time Offer: Receive up to $200 back in statement credits for vacation rentals charged to your account within your first year
- Receive up to $300 back annually as statement credits for bookings through Capital One Travel, where you’ll get Capital One’s best prices on thousands of options
- Get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary
- Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights booked through Capital One Travel, plus unlimited 2X miles on all other purchases
- Escape the airport crowd and recharge before your flight with unlimited access to all-inclusive amenities at the Capital One Lounge and at 1,300+ Priority Pass lounges worldwide
- Receive up to a $100 credit for Global Entry or TSA PreCheck®
- Use your Venture X miles to easily cover travel expenses, including flights, hotels, rental cars and more—you can even transfer your miles to your choice of 15+ travel loyalty programs
At Forbes Advisor we review hundreds of credit cards. For what it’s designed to do, which is elevate your travel experience while earning rewards on everything you buy, Venture X may be one of the best cards we’ve ever reviewed. That may sound like hyperbole, but see if you can disagree after you see all the features the card has with an annual fee significantly less than the closest competitor.
First, the welcome bonus speaks for itself: Earn 100,000 bonus miles after spending $10,000 on purchases within the first six months of account opening. Plus, for a limited time, receive up to $200 back in statement credits for vacation rentals charged to the account within the first year. In addition, for a limited time new cardholders can receive up to $200 in statement credits for vacation rentals like Airbnb and VRBO.
Earning rewards on the card couldn’t be simpler: Earn 2 miles per dollar on all eligible purchases and 5 miles per dollar on flights and 10 miles per dollar on hotels and rental cars when booking via Capital One Travel. No opt-ins, worrying about categories or shopping with a specific vendor.
Redeeming miles is just as easy. You can apply miles towards any travel purchase made on your card. You also have the option to transfer to travel partners if you want to up your redemption game.
The card offers the protections a travel card should have including trip cancellation and interruption insurance. It also offers the ubiquitous Priority Pass membership allowing entry for you and two guests into over 1,000 airport lounges worldwide once you enroll. There’s also a Capital One lounge network but as of now it is still tiny.
Venture X is not perfect, though, lacking hotel status partners present on competing cards.
The Venture X, for an annual fee of $395, provides a 10,000 anniversary points bonus and up to $300 back annually as statement credits for bookings through Capital One Travel. Those two alone may justify the annual fee when you’re doing the math to determine whether the card makes sense for you. The travel credit is limited to the portal but using the credit is not nearly as heavy a lift as the airline incidental credit with The Platinum Card® from American Express.
At a Glance
- Welcome bonus: Earn 100,000 bonus miles after spending $10,000 on purchases within the first six months of account opening. Plus, for a limited time, receive up to $200 back in statement credits for vacation rentals charged to the account within the first year
- $395 annual fee
- Earn 2 miles per dollar on all eligible purchases and 5 miles per dollar on flights and 10 miles per dollar on hotels and rental cars when booking via Capital One Travel
- Up to $300 back annually as statement credits for bookings through Capital One Travel and 10,000 miles each card anniversary
- Priority Pass membership with Capital One Lounge access
Capital One Venture X Card Rewards
The earning process on the Venture X card is pretty straightforward for most purchases: Earn 2 miles per dollar on all eligible purchases and 5 miles per dollar on flights and 10 miles per dollar on hotels and rental cars when booking via Capital One Travel.
You’ll notice the expanded travel earnings, but there’s a catch: They only apply if you use the Capital One portal. For airfare there’s no problem, especially since they have partnered with Hopper to help you find the best airfares. But for hotels and car rentals you may lose status benefits if you book via an OTA, which hotels and rental companies will likely consider the portal to be.
There’s also a 10,000 Venture Mile bonus awarded each card anniversary.
The Venture has historically won awards for ease of use, and the Venture X offers the same easy ways to get your travel going. You can purchase any travel as you would normally, then when the bill comes you can apply your miles towards any purchases in that category. Keep in mind that sometimes things you think will bill as travel, such as theme park tickets, may land in a different category.
You can also use your rewards at one cent per point on the Capital One travel portal. This would be useful for airfare since your benefits apply no matter how you purchase your ticket. There are other uses such as Amazon and redeeming for gift cards but those generally won’t get you the cent per point you’ll get on travel.
Finally, you can transfer your Venture Miles to a number of travel partners including Air Canada Aeroplan (a United partner), Air France/KLM Flying Blue (a Delta partner) or British Airways Avios (an American Airlines partner). However, if you want straightforward redemptions on U.S.-based airlines, Capital One Miles are not the best choice.
Capital One also has unique hotel partners of which Wyndham is of particular interest to families as Wyndham lets you redeem for vacation rentals at a rate of 15,000 points per bedroom. That said, Capital One lacks marquee hotel partners such as Hyatt, Hilton or Marriott.
The 2 miles per dollar earnings on this card make it somewhat easy to figure out how much you could earn. Forbes Advisor uses data from various government agencies in order to determine both baseline income and spending averages across various categories, which we used to compile rewards potential for various credit cards. The 70th percentile of wage-earning households brings in $100,172 annually and has $52,820 in standard expenses. Assuming 50% of such expenses are charged to this card, total annual card spending would be $26,410. This puts annual earnings at 52,820 Venture Miles.
You additionally earn additional miles on airfare, hotels and car rentals booked through the Capital One portal. For rewards purposes we’re only considering airfare since many customers will want to book hotel and car rentals directly to get elite status benefits. Our family spends $1,755 in airfare per year for an extra 8,775 Venture Miles, making a total of 61,595 Venture Miles in addition to both the first year and anniversary bonuses.
Capital One Venture X Card Benefits
- Extended Warranty: Eligible purchases made on the card will have their manufacturer’s warranty extended.
- Return Protection: Purchases that are ineligible for return may be eligible for reimbursement.
- TSA PreCheck or Global Entry Fee Credit: Up to a $100 TSA PreCheck or Global Entry fee credit after paying application fee with the card.
- Cell Phone Protection: Pay your cell phone bill with the card and you may be insured against breakage or loss.
- Visa Infinite Benefits: Visa Infinite benefits including concierge service are included with the card.
- Regular APR: 16.99% - 23.99% (Variable)
- Purchase Intro APR: N/A
- Balance Transfer Intro APR: N/A
- Annual Fee: $395
- Balance Transfer Fee: $0 at this Transfer APR
- Cash Advance: 3% of the amount of the cash advance, but not less than $10
How The Capital One Venture X Card Stacks Up
Capital One Venture X Rewards Credit Card vs. The Platinum Card® from American Express
The Platinum Card® from American Express (terms apply, see rates and fees) is the OG premium card. The card earns American Express Membership Rewards, which are valuable because they are so flexible. While Capital One Miles transfer to airline partners, Membership Rewards have more domestic partners such as Delta and Hilton which could make using Membership Rewards points more convenient for someone who doesn’t want to dig into award charts too deeply.
Amex sells exclusivity with the Platinum card and has bundled “lifestyle perks” such as an Equinox membership credit with enrollment along with the travel ones you would expect from a travel rewards card. The American Express Centurion Lounges and Delta Sky Club access (when you fly same day with Delta) in addition to Priority Pass when you enroll beat the Capital One initial lounge lineup.
However, Amex credits are more onerous to use than the ones Capital One provides: Amex doles out many of its credits in monthly installments and places limitations on others (such as the airline incidental credit) that Capital One does not. Capital One does require purchases to be through the travel portal to qualify for the travel credit, but since airline fares can be booked via any method and still qualify for elite benefits the requirement seems manageable for most travelers.
See rates and fees. Terms apply.
Capital One Venture X Rewards Credit Card vs. Chase Sapphire Reserve®
Up until now, the Chase Sapphire Reserve® has provided the best competition for the Amex Platinum. With the Venture X matching its benefits in almost every way with a lower annual fee, it may be time for the Sapphire Reserve to share the spotlight. That said, the Sapphire Reserve is still a solid card offering up to a $300 travel benefit (that’s not limited like the Venture X), TSA PreCheck/Global Entry fee credit, high levels of travel coverage and a Priority Pass membership for a $550 annual fee. Chase is also in the process of rolling out a lounge network.
There’s one area where Chase reigns supreme: Travel partners on the Sapphire Reserve are much more robust than those on Capital One for many users. Say it with me, “United and Hyatt.” The ability to earn points towards those two transfer partners may be worth the higher fee of the Sapphire Reserve for some.
Capital One Venture X Rewards Credit Card vs. Capital One Venture Rewards Credit Card
If you like the idea of flat rate travel rewards but not the pricey annual fee, the Capital One Venture Rewards Credit Card could be a solid alternative. The annual fee drops to $95 , but you’ll still earn solid rewards: 5 miles per dollar on hotels and rental cars booked through Capital One Travel and an unlimited 2 miles per dollar spent on other purchases.
Ease of use is the name of the game with the Capital One Venture Rewards Credit Card just like the Venture X. To redeem you can just apply your miles directly to your travel charges on the card at one cent per mile. Venture Miles are also transferable to the same partners as the Venture X at the same ratios.
Compare Capital One Venture X Rewards Credit Card With Other Cards
Is The Capital One Venture X Card For You?
If you already have an Amex Platinum or Chase Sapphire Reserve in your wallet, come renewal time take a hard look at the Venture X. For a significantly lower annual fee, you get many of the same benefits as other premium travel credit cards. Even better, the Venture X sheds many of the hassles Amex Platinum has saddled upon its customers with its ever-evolving coupon book approach. Even families who only travel a couple of times per year are likely to come out ahead with this card. This X doesn’t just mark the spot, it rewrites the map.
To view rates and fees for The Platinum Card® from American Express please visit this page.