Link: Apply now for the Capital One Venture X Rewards Credit Card
The Capital One Venture X has quickly become one of the most popular premium credit cards. While the card has a $395 annual fee, that fee is extremely easy to justify, thanks to the amazing perks, huge bonus, and great return on spending.
If you’re still not sold on the card, in this post I wanted to share 14 reasons you should apply for the Capital One Venture X.
In this post:
Welcome bonus of 75,000 Venture miles
The Capital One Venture X is offering an excellent welcome bonus of 75,000 Venture miles after spending $4,000 on purchases within the first three months. Personally I value Capital One miles at 1.7 cents each, so to me 75,000 Venture miles are worth ~$1,275, which is a phenomenal bonus.
See this post for Venture X application tips & guidelines. Note that you’re eligible for this card (including the bonus) even if you have the Capital One Venture Rewards Credit Card (review).
2x Venture miles on everyday spending
The Capital One Venture X offers unlimited 2x Venture miles on all purchases, making this one of the best cards for everyday spending. I value Capital One miles at 1.7 cents each, so to me that’s the equivalent of a 3.4% return on everyday spending. This is the card that I spend the most money on nowadays.
In addition to earning 2x Venture miles on all purchases, the card also offers some bonuses:
- Earn 10x Venture miles for rental cars and hotels booked through Capital One Travel
- Earn 5x Venture miles for flights booked through Capital One Travel
No foreign transaction fees
The Capital One Venture X has no foreign transaction fees. While that’s expected for a premium card, I think that’s especially worth calling out, given the card’s otherwise excellent return on spending. I consider this to be the single best card to use for purchases abroad.
A flexible & valuable mileage currency
Capital One Venture miles have become increasingly valuable in recent years, and there are lots of great ways to redeem these miles. While you can redeem Capital One miles for one cent each toward virtually any purchase, that’s not my preferred use of these miles.
Rather my preference is to transfer miles to Capital One’s airline & hotel partners, as you can transfer miles at a 1:1 ratio to over a dozen partners. As is the case with all major transferable points currencies, this allows you to get way outsized value, especially when redeeming for first & business class travel.
$300 annual Capital One Travel credit
The Capital One Venture X offers a $300 statement credit for Capital One Travel every cardmember year, which can be used for flights, hotels, rental cars, etc. Personally my strategy is to just book a $300+ flight through the portal every year, and that’s an easy way to recoup the full value of that.
As mentioned above, the card has a $395 annual fee, but that $300 credit alone should easily offset more than 75% of that fee, which is awesome. So while the card’s annual fee might seem high on the surface, it shouldn’t really be costing anyone all that much to hold onto.
Anniversary 10,000 Venture bonus miles
Not only does the Capital One Venture X offer a $300 statement credit every cardmember year, but it also offers 10,000 Venture miles on your account anniversary every year. Personally I value those 10,000 miles at ~$170, meaning your annual fee is more than covered between these two perks alone.
Priority Pass membership
The Capital One Venture X offers a Priority Pass membership, which gets you access to the world’s largest network of airport lounges, with 1,300+ locations around the world. You can bring up to two guests with you into lounges at no extra cost. This is one of the best credit cards for a Priority Pass membership.
Plaza Premium lounge access
The Capital One Venture X also offers access to 100+ Plaza Premium lounges around the world, including Virgin Atlantic Clubhouses in the United States. In many terminals Plaza Premium has great lounges, so being able to access these lounges with guests is another worthwhile perk.
Capital One Lounge access
The Capital One Venture X offers access to the Capital One Lounge Dallas (DFW), which I’d consider to be one of the best lounges in the United States. The lounge has friendly service, beautiful decor, and innovative amenities and features, ranging from an exercise room, to nap pods, to cold brew on tap, to grab & go food. You can bring two guests with you at no extra cost.
The Capital One Lounge network should be expanding this year, with locations in Denver (DEN) and Washington (IAD) expected to open.
Hertz President’s Circle status
The Capital One Venture X offers Hertz President’s Circle status for as long as you’re cardmember. This status with Hertz comes with perks like being able to skip the counter, guaranteed upgrades, free additional drivers, and more. Rental car elite status like this really takes the pain out of the typical rental car experience.
Global Entry or TSA Pre-Check credit
The Capital One Venture X offers a TSA Pre-Check or Global Entry statement credit once every four years. Just charge the enrollment fee to your card, and it will automatically be reimbursed. Even if you already have Global Entry or TSA Pre-Check, you can always use this for someone else, as long as your card is used to pay.
Unrivaled authorized user perks
The Capital One Venture X lets you add up to four authorized users to the card at no extra cost, and they receive some unbelievably generous perks, including:
- A Priority Pass membership
- Access to Plaza Premium lounges
- Access to the Capital One Lounge DFW
- Hertz President’s Circle elite status
In each case, the terms associated with access are the same as for the primary cardmember, so that truly is more generous than you’ll find with just about any other card. That makes this the ideal card for families.
Cell phone protection
The Capital One Venture X offers a cell phone protection plan. Just pay your monthly bill with the card, and you’ll be protected if your phone is stolen or damaged, minus a $50 deductible. Given how expensive smartphones are nowadays, this is a great perk, and the Venture X offers among the best coverage of any card.
Rental car & travel protection
When considering a premium credit, I recommend getting one that offers valuable travel coverage, since that can come in handy when you least expect it. The Capital One Venture X offers:
- Rental car coverage, where you receive coverage if you decline the collision damage waiver offered by the rental car company, and pay the full price of the rental car with your card
- Trip delay reimbursement, where you can be reimbursed for up to $500 for reasonable expenses when your flight is delayed by more than six hours
- Lost luggage reimbursement, where if your bag is lost, you can be reimbursed
Bottom line
If there’s such a thing as a credit card that’s too good to be true, I’d say the Capital One Venture X is it. The way I view it, the card’s $395 annual fee is more than offset by the $300 annual credit plus 10,000 anniversary bonus miles.
You’re then left with a card offering a huge new cardmember bonus, an industry-leading return on spending, an amazing lounge access program (Priority Pass, Plaza Premium, and Capital One Lounges), travel coverage, cell phone protection, and more. To top it all off, you even get lounge access for four authorized users at no extra cost. This is a value proposition that’s very tough to beat, if you ask me…
Link: Apply now for the Capital One Venture X Rewards Credit Card
Upon enrollment, accessible through the Capital One website or mobile app, eligible cardholders will remain at upgraded status level through December 31, 2024. Please note, enrolling through the normal Hertz Gold Plus Rewards enrollment process (e.g. at Hertz.com) will not automatically detect a cardholder as being eligible for the program and cardholders will not be automatically upgraded to the applicable status tier. Additional terms apply.
For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.
Wow. So many people bashing this card and some of them doesn't even make sense because it's unrelated to this card. How is activating a sim card have anything to do with what credit card you use?
I agree it takes a long time to post the 300 credit. I think it took them 37 days to post mine but I literally used it in the beginning of the year and eventually it does post....
Wow. So many people bashing this card and some of them doesn't even make sense because it's unrelated to this card. How is activating a sim card have anything to do with what credit card you use?
I agree it takes a long time to post the 300 credit. I think it took them 37 days to post mine but I literally used it in the beginning of the year and eventually it does post.
The priority pass issue applies to all cards. Some airport you can use it, some can't. I wouldn't blame the credit card for it, its more of a priority pass thing. I've used the card for the Capital One Lounge in DFW and Plaza Premium Lounge in YVR just fine. By far I enjoyed the Capital One Lounge in DFW more than any lounge so far in the US but I don't travel to Dallas often enough to take advantage of it. I literally only use Chase's priority pass and ignore other CC priority pass.
Each card has its uses, some are better than others but for the cost, which is pretty much almost free each year, it's worth to have it addition to any other travel card like Chase or Amex. It just really depends where you're going or what transfer partners you use. If you don't use any or go to Dallas or anywhere that might have a capital one lounge, then its not as worth.
Have had VX for 9 months. Several recent issues:
1. Lounge access is a BINO (benefit in name only). I’ve never been able to use it; lounges have signs saying that they’re only admitting those with paid memberships, or waitlist for card based access. Have tried in LA, Paris, Houston, Heathrow, and many more.
2. For a travel card, it’s sure hard to use it for…travel. For example, activating a UK SIM card...
Have had VX for 9 months. Several recent issues:
1. Lounge access is a BINO (benefit in name only). I’ve never been able to use it; lounges have signs saying that they’re only admitting those with paid memberships, or waitlist for card based access. Have tried in LA, Paris, Houston, Heathrow, and many more.
2. For a travel card, it’s sure hard to use it for…travel. For example, activating a UK SIM card in the UK (vs in the US) required that you authenticate your ($10) purchase using your US cell number. No alternative - can’t use email. Asked the supervisor what happens ( if you have decided to pay exorbitant roaming fees and keep your US provider when abroad) when you’re not in cell coverage? Yup. You can’t use the card. I mean, really - a travel card that can’t reliably be used while traveling?
3. Incessant nagging to “update your income information.” This can be bypassed on line, but not when you call in. So they’re extorting this information from me - if I want to get my credit card to work, I have no choice but to provide the information in order to speak with customer service.
4. Capital One travel booking site allows only round trip tickets. No open jaw, multicity, or other types of bookings.
When you add up the *real*, actually usable features, this card just doesn’t add up.
There are apparently terrible problems with getting credit posted, and customer service, and points transfer and the portal, some of which is noted in the comments here by others. Not going apply for venture X. In general, Capitol one is not as organised and professional as Chase.
I read numerous bad reviews about this card, and felt it is not worth the trouble of even applying. There are apparently terrible problems with getting credit posted, and customer service, and points transfer and the portal, some of which is noted in the comments here by others. Not going apply for venture X. In general, Capitol one is not as organised and professional as Chase.
Capital one is the only company that never approves me anymore.Maybe because when they first came out with “match your miles” with Alec Baldwin, I got two cards biz and personal) for the 100k match each.
I’m even under 5/24. They just say I have too many cards already, credit rating is close to the max. Think I’m blacklisted?
I too am having issues with the $300 travel credit taking FOREVER to post to my account. AMEX's travel credit posts in like two days - very frustrating!
A lot of pluses for this card. Note that Capital One does not require travel notifications. This card did not work in two countries (both in different continents from one another) that I recently visited. I was trying to build up some spend, but had to switch one of my Chase cards (and no issue with those cards). FYI...
They have been *very* slow to credit my $300 travel credit on my 1 year anniversary.
It’s been two months, so I called in. They said it qualifies, but it takes *three* billing cycles before they will give the credit.
Also, they mentioned they would
escalate the issue if it didn’t appear after three, which makes me think this is common.
Not a deal breaker, but definitely annoying
This is not relevant to this post but I thought worth alerting to all.
Iberia Plus just told me from their US call center that their agreement with Qatar airways doesn't allow any refund of points when a flight is cancelled (for ref I canceled a QR award DOH BKK 43,000 pts flying 23 March on 6 Mar (17 days before)). So NO refund of points! And it looks like this is correct.. I...
This is not relevant to this post but I thought worth alerting to all.
Iberia Plus just told me from their US call center that their agreement with Qatar airways doesn't allow any refund of points when a flight is cancelled (for ref I canceled a QR award DOH BKK 43,000 pts flying 23 March on 6 Mar (17 days before)). So NO refund of points! And it looks like this is correct.. I just read the fine print in my original booking (see below).
Lucky, were you aware of this? OMAT readers aware? I just lost 43,000 points and I regard myself as a very experienced points guy (earning/spending over a million points per year over 20+ reward schemes)
From my booking "
"Change Permitted before flight departure with a surcharge of €25. Only permitted on IB, YW, I2 and BA flights (except flight series 5xxx). Refund (in each direction) Permitted with a surcharge of €25 up to 24 hours before the departure of the first flight on the ticket, as long as this does not include any IB5XXX flight. Refunds only permitted on flights with codes IB, YW, I2 and BA, unless the code for one leg is IB and the code for another leg belongs to another partner in the program.
Not happy!
Too bad about the Priority Pass membership limiting visits to lounges only. It really makes the membership pretty useless off anyone based ion the West Coast. You can’t use the Venture X Priority Pass arb LAX one of the busiest airport in the country!
Is it reasonable to address that CapOne froze transfers with no warning for two weeks and never provided a satisfactory or even remotely plausible reason? It's the equivalent of a bank pausing withdraws....you can't really come back from that in my opinion. I put mid six-figures on the card in the rolling 12 months prior to the incident and have put nearly nothing on it since.
Great earning rates are wonderful until the currency is...
Is it reasonable to address that CapOne froze transfers with no warning for two weeks and never provided a satisfactory or even remotely plausible reason? It's the equivalent of a bank pausing withdraws....you can't really come back from that in my opinion. I put mid six-figures on the card in the rolling 12 months prior to the incident and have put nearly nothing on it since.
Great earning rates are wonderful until the currency is frozen. See those "staking" their crypto in Blockfi for details.