Capital One Venture X Rewards Credit Card: A Comprehensive Review
If you’re a frequent traveler who wants to earn rewards without paying exorbitant fees, the Capital One Venture X Rewards Credit Card is an excellent choice. In this review, we’ll examine the card’s features, rewards structure, benefits, and fees to help you decide if it’s right for you.
Pros of the Capital One Venture X Rewards Credit Card
The Capital One Venture X Rewards Credit Card has several benefits that make it appealing to frequent flyers and travel enthusiasts. Below are some of the pros:
High rewards rate: The card offers an impressive rewards rate compared to other travel cards. Cardholders earn 10x miles for hotels and rental cars booked through Capital One Travel, 5x miles for flights booked through the portal, and 2x miles for everyday purchases.
Transferable miles: Unlike other cards, the miles earned with the Capital One Venture X Rewards Credit Card are transferable. Cardholders can transfer their miles to a variety of airline and hotel partners, which makes it easier to tailor their rewards to their travel preferences.
No foreign transaction fee: With the Capital One Venture X Rewards Credit Card, there are no foreign transaction fees, which is great for frequent international travelers.
Valuable perks: The card comes with a suite of benefits tailored towards frequent travelers, including an annual travel credit for eligible travel purchases, Global Entry or TSA PreCheck application fee credit, complimentary airport lounge access, travel protection services, and more.
Cons of the Capital One Venture X Rewards Credit Card
While there are many benefits of the Capital One Venture X Rewards Credit Card, it’s not perfect. Here are some cons to keep in mind:
Annual fee: The card has an annual fee of $395, which is on the high end for travel cards. However, cardholders who use the card strategically can make up most of that annual fee through the card’s travel credits.
No intro APR: Unlike other cards, the Capital One Venture X Rewards Credit Card doesn’t offer an intro APR on purchases or balance transfers.
Capital One Venture X Rewards Credit Card Overview
The Capital One Venture X Rewards Credit Card is a premium travel rewards credit card designed for frequent travelers. Here’s a breakdown of the card’s features:
APR Intro: N/A
Purchase: 21.74%–28.74% variable
Cash advance: 28.74%, plus a fee of either $3 or 3% of the amount of each cash advance, whichever is greater.
Annual fee: $395
Foreign transaction fee: None
Late payment: up to $40
Capital One Venture X Rewards Structure
The rewards structure of the Capital One Venture X Rewards Credit Card is generous and tailored towards frequent travelers. Here are the key details:
10x miles on hotels and rental cars booked through Capital One Travel
5x miles on flights booked through Capital One Travel
2x miles on everyday purchases
75,000 bonus miles for new cardholders who spend $4,000 on purchases within the first three months from account opening
How to Redeem Miles with Capital One Venture X Rewards Credit Card
Cardholders have several options for redeeming their miles with the Capital One Venture X Rewards Credit Card:
Book a trip: Cardholders can book travel through the Capital One travel portal and redeem their miles for flights, hotels, rental cars, and more.
Cover your travel purchases: Venture miles can be redeemed to cover the cost of travel purchases within 90 days of booking.
Transfer miles to partners: Cardholders can transfer their miles to more than 15 travel loyalty programs. Miles transfer at a 1:1 rate.
Share rewards: If you have a friend or family member who also has a Venture card, you can transfer your miles to them.
Redeem for gift cards: Cardholders can redeem their miles for gift cards from popular retailers like iTunes, Barnes & Noble, and Best Buy.
Get cash: Venture miles can be redeemed for a statement credit or a check.
Redeem for entertainment: Capital One Entertainment provides eligible cardholders with exclusive access to events and experiences.
Additional Benefits of Capital One Venture X Rewards Credit Card
In addition to the rewards structure, the Capital One Venture X Rewards Credit Card offers an impressive array of benefits, including:
Anniversary bonus: Get 10,000 bonus miles every year, starting on your first anniversary.
Annual travel credit: Get up to $300 back as statement credits for bookings made through Capital One Travel.
Global Entry or TSA PreCheck credit: Receive up to $100 in the form of a statement credit to cover Global Entry or TSA PreCheck fees.
Capital One lounge access: Unlimited complimentary access for you and two guests per visit.
Partner lounge network: Unlimited access for you and two guests to 1,300+ lounges worldwide.
Price drop protection: If you book a flight when Capital One recommends and the price drops within 10 days, you’ll get up to $50 in travel credit for the difference.
Price matching: If you find a better price and let Capital One know within 24 hours after booking, you’ll receive a travel credit for the difference.
Cell phone protection: If your cell phone is stolen or damaged, you’ll get reimbursed up to $800 as long as you pay the bill with your Venture X card.
Premier collection: Get a $100 experience credit, daily breakfast for two, and other premium benefits.
Hertz President’s Circle status: Complimentary upgrade that allows you to skip the rental counter and enjoy the widest selection of cars.
Is the Capital One Venture X Rewards Credit Card Right for You?
The Capital One Venture X Rewards Credit Card comes with a high annual fee, but it offers a generous rewards structure and valuable perks tailored towards frequent travelers. If you travel often and spend strategically, you can make up most of the annual fee through the card’s travel credits and other benefits.
Similar Credit Cards to Capital One Venture X Rewards Credit Card
While the Capital One Venture X Rewards Credit Card is an excellent choice for frequent travelers, there are other cards worth considering. Here are some similar credit cards:
Chase Sapphire Reserve vs. Capital One Venture X: The Chase Sapphire Reserve offers a 10x earning rate on hotels and rental cars, 5x on flights, and 3x on dining. However, it comes with a higher annual fee of $550 but offers more statement credits and perks.
The Platinum Card from American Express vs. Capital One Venture X: The Platinum Card has a high annual fee of $695, but it offers valuable rewards and perks for frequent travelers. Cardholders earn 5x points on flights and hotels booked through American Express Travel, up to $200 annual credit for airline fees, up to $200 annual credit for The Hotel Collection bookings, up to $200 in Uber credits, fee credit for either Global Entry or TSA Precheck, and more.
Frequently Asked Questions
What is the difference between Capital One Venture and Venture X?
The Capital One Venture card has a lower annual fee of $95 and its highest rewards rate is 5x miles for certain travel spending. In contrast, the Venture X has a higher annual fee and offers a more generous rewards rate.
What score is needed for Capital One Venture X?
According to Capital One, card applicants need an excellent credit score, generally defined as a FICO credit score of 740 or higher.
How much is 75,000 Venture X points worth?
When redeemed for travel bookings, the 75,000 bonus is worth $750 (one cent per point). However, you may be able to boost the value of your rewards with certain partners or deals.
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