Capital One Venture X Review: Top Travel Card

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The Capital One Venture X Rewards Credit Card is a premium travel rewards card offering a $300 travel credit, 10,000 miles each account anniversary, airport lounge access, and 2x miles on everyday spending.

This credit card review will cover everything you need to know about this card to determine if you should add this card or a different card to your wallet. Let’s dive right in.

Capital One Venture X Rewards Credit Card
  • bonus_miles_full
  • $300 Annual Credit for Bookings through Capital One Travel
  • 10,000 Miles for Each Account Anniversary
  • Hertz President’s Circle Elite Status
  • Airport Lounge Access (Priority Pass, Capital One, & Plaza Premium)
  • 10X Miles on Hotels and Rental Cars, and 5x Miles on Flights Booked with Capital One Travel
  • 2X Miles on All Other purchases
  • $395 Annual Fee
Learn More

Welcome Bonus

The Venture X currently offers the following welcome bonus:

bonus_miles_full

Earning Miles

The Venture X earns miles that you can transfer to airline and hotel points partners, which you can earn at the following rates:

  • 10 miles per dollar on hotels and car rentals booked via Capital One Travel.
  • 5 miles per dollar on flights booked via Capital One Travel.
  • 2 miles per dollar on other purchases.

Annual Fee

The Venture X has an annual fee of $395, which sounds steep at first.

But when you factor in the $300 travel credit and 10,000 miles (worth at least $100 towards travel), you actually make a $5 profit each year without factoring in other benefits.

Plus, you can add up to four authorized users for free! Each authorized user gets access to nice benefits such as airport lounge access at Capital One, Plaza Premium, and Priority Pass lounges, Hertz President’s Circle elite status, and the travel and purchase protections of the Venture X.

Card Benefits of the Venture X

The Venture X comes with a lot of premium benefits that makes this one of my favorite cards:

$300 Annual Travel Credit

Venture X cardholders receive a $300 annual credit for travel booked through the Capital One Travel portal to book flights, hotels, or rental cars.

The credit applies every cardmember year, including the first year. For example, if you open the card in February, the travel credit will reset every February.

The credit can be used across multiple transactions until the $300 limit is reached, and no registration is necessary for the credit.

The Capital One Travel portal is powered by the website Hopper, so booking is quite easy. You can even see the cheapest dates to fly.

Capital One Travel Flights

One thing to remember is that hotels booked via a travel portal like Capital One do not entitle you to elite status benefits or the ability to earn hotel points.

But you can still enjoy elite status benefits and points for flights or car rentals booked via a travel portal.

10,000 Miles Every Card Anniversary

As an incentive to keep your Venture X rewards card for the long-term, Capital One offers 10,000 miles every cardmember anniversary, which occurs about every 12 months after you first open the card.

The 10,000 bonus miles will post to your account within one or two billing cycles of you paying the $395 annual fee.

10,000 bonus miles are worth at least $100 towards travel, but it could be worth $150 to $200 by transferring the miles to airline mileage programs.

Priority Pass Airport Lounge Access

This card comes with Priority Pass airport lounge access, which gets you access to over 1,300 airport lounges.

Nothing is better than escaping the hustle and bustle of the airport and to escape the crowds to get free food and drinks. 

The only downside is that the Venture X does not get you access to Priority Pass restaurants where you get a dining credit, unlike the card_name (review).

Capital One Airport Lounges

Capital One introduced their own airport lounges in 2021 to compete with the American Express Centurion Lounge network.

Currently, there is only one lounge open in Dallas (DFW) with future plans to open lounges in Washington D.C. (IAD) and Denver (DEN) in 2023. 

The Dallas Capital One Lounge is top of the line.

It features a premium in-lounge dining experience with seasonal menus and regionally sourced ingredients, along with craft cocktails on tap, local beers, regional wines, and a full-service coffee and espresso bar from La Colombe. Plus, there are grab-and-go food and drink options for the plane.

The Dallas Lounge also offers a fitness studio with Pelotons, shower suites, relaxation rooms, private nursing rooms, and nap pods.

Capital One Lounges
Photo: Capital One

Global Entry or TSA PreCheck Credit

This card offers a Global Entry or TSA PreCheck fee credit like many other travel cards.

TSA PreCheck is a membership program offering dedicated airport security lines and faster security screening (typically 5 minutes or less) at more than 200 airports across the United States and includes over 81 airlines.

Global Entry includes TSA PreCheck and expedited immigration upon arrival from an international trip back to the United States.

TSA Precheck

Hertz President Circle Status

Another great benefit of the Venture X card is Hertz President Circle elite status, which gets you upgrades and extra points.

At airport locations, it also allows you to choose any car in the President’s Circle aisle when you book at least an intermediate car. At most airports, I typically find BMWs, Infiniti sedans, Ford Mustangs, Dodge Chargers, and SUVs.

If you already have the Venture X, you and your authorized users can easily upgrade by (1) signing into Capital One, (2) clicking “Redeem” in the Rewards box, (3) clicking “Benefits” at the top of the page, (4) clicking “Hertz President’s Circle Status,” and (5) filling out your information in the screenshot below.

Capital One Hertz President's Circle

Other Venture X Benefits

The Capital One Venture X card also offers these nice benefits:

No Foreign Transaction Fees: You can make international purchases with your card without paying an extra fee of around 3%.

Primary Rental Car Insurance steps in as the primary coverage for any damage or theft of a rental vehicle paid for with this card without needing to use your own auto insurance.

Trip Delay Insurance will reimburse any eligible expenses you incur as a result of your trip being delayed.

Trip Cancellation and Interruption Insurance reimburses you for non-refundable expenses if your trip is interrupted or canceled for a covered reason when you pay for your travel expenses with this card.

Lost Luggage Reimbursement covers the cost to repair or replace your luggage, and the personal belongings contained within if your bag is lost or damaged during a covered trip.

Cell Phone Protection offers coverage for damage or theft of a cell phone when the monthly cell phone bill is paid with the eligible credit card.

Purchase Protection covers eligible purchases against accidental damage or theft for up to 90 days for purchases this card.

Extended Warranty coverage adds up to an additional year of coverage for eligible purchases on manufacturer’s warranties up to 3 years.

Return Protection allows cardholders to receive a refund for purchased items within a certain timeframe for items that merchants may not accept for return.

Travel Accident Insurance offers coverage for accidental death or dismemberment while traveling on a common carrier when the trip is purchased using the eligible credit card.

Travel and Emergency Assistance Services offer access to a range of assistance including medical referral, emergency transportation, prescription assistance, legal referral, lost luggage locator service, and more.

Visa Infinite Benefits: In addition to great travel and purchase protections, Visa Infinite offers other perks such as the Visa Infinite Luxury Hotel Collection, rental car discounts, and special memberships

Visa Infinite Concierge can help you with travel planning, buying tickets, booking reservations, and other tasks.

Santorini Europe

Special Capital One Perks

This card offers special perks for being a Capital One cardholder:

  • Capital One Travel: Access the Capital One Travel portal for exclusive prices on flights, hotel stays, and more. Pay with your rewards, your card, or a combination of the two.
  • Capital One Entertainment: Access exclusive music, sports, and dining experiences through Capital One Entertainment. This could include pre-sales, special event tickets, tickets for suites, and more.
  • Capital One Dining: Access exclusive cardholder-only reservations at restaurants and tickets to special culinary experiences.
  • Capital One Cafes: Get 50% off drinks using your Capital One card at Capital One Cafes.
  • CreditWise: Get access to your credit score access and receive alerts about changes to your Experian or Transunion credit reports with Capital One’s tool CreditWise.

Redeeming Capital One Miles

There are several ways to redeem Capital One miles. The easiest way is to redeem miles for one cent per mile towards the cost of a travel purchase or for gift cards.

But for the most value, you will want to convert Capital One miles to airline or hotel points at the partners listed below.

My favorite programs are:

  • Turkish Miles & Smiles: Fly to Hawaii on United Airlines for just 7,500 miles one-way.
  • British Airways: Book short-haul flight on American Airlines.
  • Avianca LifeMiles: A quirky program with great options to fly to Europe in business class.
  • Air France Flying Blue: You can score some great deals in their monthly promo rewards including very cheap economy flights to Europe.
AEROMEXICO LOGO AeroMexico Air Canada Air Canada (Aeroplan)
Air France Air France (Flying Blue) Avianca Avianca (LifeMiles)
British Airways British Airways Cathay Pacific Cathay Pacific (Asia Miles)
Emirates logo Emirates Etihad Etihad
EVA Air EVA Finnair logo Finnair
Qantas Logo Qantas Singapore Airlines Singapore (KrisFlyer)
TAP Portugal TAP Portugal Turkish Airlines logo Turkish Airlines
Virgin Atlantic logo Virgin Red Accor Hotel Logo Accor (2:1)
Choice Logo Choice Hotels Wyndham Logo Wyndham Rewards

Pros and Cons of the Venture X

Here’s a quick overview of this card’s advantages and disadvantages:

Pros:

  • Unlimited 2x miles on everyday spending is huge! This is why I put the majority of my spending on this card.
  • You can offset the annual fee with minimal effort.
  • Four free authorized users who also get many benefits.

Cons:

  • The Capital One Lounge network is much smaller than American Express’ Centurion Lounge network.

What Cards Compete with the Venture X?

Now that you know about this credit card’s various benefits and pros and cons, it’s time to see its alternatives.

The Platinum Card® from American Express

Better Airport Lounge Access

Airport Lounge Access
The Platinum Card® from American Express
Learn How to Apply Our Review
American Express is a Deals Points Advertiser; Terms Apply. Enrollment is required for some benefits.

The Platinum Card® from American Express (review) is a great premium travel rewards card for travelers who want airport lounge access, including Centurion Lounges, Delta Sky Clubs (when flying Delta), Escape Lounges, Priority Pass lounges.

The American Express Platinum has a $695 annual fee, but you receive many annual statement credits when you enroll your card to offset the fee, including:

  • $200 Airline Fee Credit: Select one qualifying airline and then receive up to $200 in statement credits per calendar year when incidental fees are charged by the airline to your Card.
  • $200 Hotel Credit: Get up to $200 back in statement credits each year on prepaid Fine Hotels + Resorts® or The Hotel Collection bookings with American Express Travel when you pay with your Platinum Card®.
  • $240 Digital Entertainment Credit: Get up to $20 in statement credits each month when you pay for eligible purchases with the Platinum Card® at your choice of one or more of the following providers: Disney+, ESPN+, Hulu, The New York Times, Peacock, SiriusXM, and The Wall Street Journal. Enrollment required.
  • $200 Uber Cash Credit: Enjoy Uber VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. Benefit renews annually.
  • $155 Walmart+ Credit: Use your Platinum Card® to pay for a monthly Walmart+ membership (subject to auto-renewal) and receive a statement credit that covers the full cost each month.
  • $189 CLEAR® Plus Credit: Breeze through security with CLEAR® Plus at 45+ airports nationwide and get up to $189 back per year on your membership (subject to auto-renewal) when you use your Platinum Card®.

You also earn 5x Membership Rewards points when booking flights directly with airlines or with American Express Travel (up to $500,000 in purchases per calendar year) and 5x Membership Rewards points when booking prepaid hotels with American Express Travel. 

On top of that, you automatically earn Marriott Bonvoy Gold Elite and Hilton Honors Gold statuses, which offer points bonuses, room upgrades, late check-out, and other premier benefits. 

Chase Sapphire Reserve®

More Points on Dining and Other Travel

card_name

  • bonus_miles_full
  • $300 Annual Travel Credit
  • 10x Points on Hotels and Rental Cars and 5x Points on Flights Booked Through Chase Ultimate Rewards
  • 3x Points on Dining, Takeout, & Eligible Food Delivery
  • 50% More Redemption Value
  • Priority Pass Airport Lounge Access
  • Trip Delay and Trip Cancellation Insurance
  • Primary Rental Car Insurance
  • $550 Annual Fee

Click Here to Learn How to Apply

The card_name (review) is a great option for travelers who want premium perks such as airport lounge access and top-tier travel protections.

The Sapphire Reserve has a $550 annual fee, but you receive an annual easy-to use $300 travel credit and access to 1,300+ Priority Pass airport lounges.

Plus, great benefits such as trip delay insurance, primary rental car insurance, trip cancellation insurance, lost luggage reimbursement, purchase and return protection, extended warranty, and no foreign transaction fees.

Cardmembers also earn extra points with:

  • 5x points on flights and 10x points on hotels and car rentals through Chase Ultimate Rewards.
  • 3x points on travel.
  • 3x points on dining, and food delivery purchases.
  • 1x points everywhere else.

One thing to remember is that you won’t earn points on your first $300 in travel purchases each cardmember year since the $300 travel credit covers those purchases.

You can also cash out points at a 50% bonus (1.5 cents per point) when redeeming points towards travel or transfer the points to Chase’s airline and hotel partners.

Is the Capital One Venture X Worth It?

The Capital One Venture X is my favorite travel rewards credit card and the card I use almost everywhere, with the exception of the American Express® Gold Card (review) for restaurants and supermarkets, Bilt Mastercard® (review) for rent, and The Blue Business® Plus Credit Card from American Express (review) for business expenses.

I love the ability to get a ton of premium perks for effectively no annual fee when factoring in the $300 travel credit and 10,000 miles each anniversary. Plus, I can share the benefits with my family by adding them as authorized users.

The Venture X definitely a card that you should consider add to your wallet if you travel at least a few times per year.

Capital One Venture X Rewards Credit Card
  • bonus_miles_full
  • $300 Annual Credit for Bookings through Capital One Travel
  • 10,000 Miles for Each Account Anniversary
  • Hertz President’s Circle Elite Status
  • Airport Lounge Access (Priority Pass, Capital One, & Plaza Premium)
  • 10X Miles on Hotels and Rental Cars, and 5x Miles on Flights Booked with Capital One Travel
  • 2X Miles on All Other purchases
  • $395 Annual Fee
Learn More

For rates and fees of The Platinum Card® from American Express, please click here.

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