The year prior saw a flurry of activity in the premium credit card market, with modifications to popular products like The Platinum Card® from American Express and the Chase Sapphire Reserve drawing the most attention.
The Venture X rewards make it a breeze to use, unlike other premium credit cards. The annual charge is quickly recouped using just two of the card’s key benefits.
In contrast, the Capital One Venture X card, which debuted in November 2021 and included a great sign-up bonus and other benefits, received almost all of the attention. Venture X has a lower yearly price than its major rivals, coming in at just $395.
The card’s introductory welcome offer of 100,000 miles after spending $10,000 in the first six months from account opening and up to $200 in statement credits for vacation rental purchases (such as Airbnb and Vrbo) in the first cardholder year has expired. However, the current welcome offer is excellent, especially considering the reduced minimum spend. This is a complete guide to Venture X for anyone considering applying.
Who Is Capital One Venture X For?
Capital One Venture X is the best rewards card for you if you want to get more out of your travels without paying a fortune every year. The majority of the $99 annual charge is offset by the $300 annual statement credit good on purchases made through Capital One Travel.
However, Venture X also provides cardholders airport lounge access, superior travel insurance, and rental vehicle privileges. Some of these perks are extended to authorized users, all for a total of 10,000 extra miles every account anniversary.
Rewards-wise, Capital One has made great strides in recent years, especially with its miles program. Capital One miles (including those earned with the Venture X) can be transferred to most of the issuer’s new airline and hotel partners at 1:1, making the card even more attractive in an already competitive market.
As for perks, last year, Capital One launched its first private airport lounge at Dallas-Fort Worth International (DFW), with plans to create additional lounges shortly. Cardholders will access premium amenities such as gourmet grab-and-go options, modern meeting spaces, and even Peloton studios, where they can get in a workout before their trip. Currently, cardholders can sign up for Priority Pass and gain entry to more than 1,300 airport lounges in 190 countries.
In summary, now is an excellent time to be a Capital One cardholder, and Venture X is a significant contributing factor.
After making $4,000 in purchases during the first three months of starting your Venture X account, you will receive 75,000 bonus miles as a sign-up bonus. The Points Guy estimates that 75,000 Capital One miles are worth $1,388 as of April 2018 due to the exceptional value that can be obtained by moving Capital One miles to the program’s airline and hotel partners.
Capital One miles may be redeemed for travel for 1 cent per mile, meaning the sign-up bonus is worth $750 even if you don’t want to deal with the complexity of transferrable points.
Capital One Venture X’s Advantages and Perks
Although the $395 annual charge may be off-putting at first, the benefits of Venture X more than make up for it, the following is a complete rundown of the card’s perks and an examination of three of them in further detail.
Overview of Benefits
- Book with Capital One Travel and get back to $300 per year in statement credit.
- Commencing on the first anniversary of opening your account, you will receive a bonus of 10,000 bonus miles per anniversary (equal to $100 in travel credits).
- Cardmembers authorized users and up to two guests per visit receive complimentary entry to Capital One Lounges and more than 1,300 Priority Pass lounges worldwide with their valid card.
- There is no fee for adding up to four authorized users; each user and up to two visitors gain access to the Capital One Lounge.
- The primary cardholder and all authorized users will automatically be upgraded to Hertz President’s Circle for free.
- Up to $100 in statement credits for either Global Entry or TSA PreCheck.
- Prepaid, nonrefundable tickets are covered for cancellation and interruption for up to $2,000 per person.
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How To Redeem Capital One Miles?
You can use your Capital One miles in a few different ways, but the most lucrative is transferring them to one of their travel partners.
Capital One has made substantial enhancements to its mileage program over the years, including moving away from only fixed-rate redemptions and adding many airline and hotel transfer partners, most of which now convert at 1:1.
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