As a military cardholder, you're eligible for some amazing benefits with the Capital One Venture X card. You'll enjoy no foreign transaction fees, which is perfect for traveling abroad.
The Venture X card also offers a generous sign-up bonus of 75,000 miles, which is a great starting point for your rewards journey.
With the Venture X card, you'll earn 10x miles on hotels and car rentals, and 5x miles on flights booked through Capital One Travel. This can add up quickly, especially if you travel frequently.
As a military cardholder, you'll also receive a special military discount, which can help you save even more on your travel expenses.
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Benefits and Features
The Capital One Venture X card is a great option for active-duty military members, and one of the reasons is its generous earning structure. You can earn 10x miles on hotels and rental cars booked via Capital One Travel, and 5x miles on flights and vacation rentals via Capital One Travel.
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The card also offers a decent earning rate on all other purchases, at 2x miles. This means you can rack up miles on your daily expenses, such as groceries and gas, which can add up over time.
One of the standout features of the Capital One Venture X card is its travel benefits. You can redeem rewards for travel via Capital One Travel, and even transfer rewards to hotel and airline partners for greater potential value.
Here are some of the key benefits and features of the Capital One Venture X card:
- 10x miles on hotels and rental cars booked via Capital One Travel
- 5x miles on flights and vacation rentals via Capital One Travel
- 2x miles on all other purchases
- Up to $300 credit annually for booking via Capital One Travel
- Redeem rewards for travel via Capital One Travel
- Ability to transfer rewards to hotel and airline partners for greater potential value
- Worldwide access to airport lounges and airport lounge alternatives
- 10,000 bonus miles at each card anniversary
- Global Entry or TSA PreCheck fee reimbursement
- Cell phone insurance, plus travel benefits and protection
Rewards and Earning
The Capital One Venture X Rewards Credit Card offers a rewards program that's tailored to travelers. You can earn 2 points per $1 spent on every purchase, making it a great option for those who regularly use their credit card.
The card also offers higher rewards rates when booking travel through Capital One Travel. For example, you can earn 10x miles on hotels and rental cars, and 5x miles on flights. This is a great perk for those who often book travel through the Capital One Travel Portal.
Explore further: Capital One Venture X Rewards Card News
One of the unique features of the Capital One Venture X is that it earns miles, which can be redeemed for hotels, rental cars, and flights, or transferred to airline or hotel partners. This gives you flexibility in how you use your rewards.
Here are some of the specific earning rates for booking travel through Capital One Travel:
- 10x miles on hotels and rental cars
- 5x miles on flights
These earning rates can add up quickly, especially for frequent travelers.
The card also offers a sign-up bonus of 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening. This is equivalent to $750 in travel, making it a great incentive to sign up for the card.
Additionally, you can earn up to 100,000 miles each year for referring friends and family for a Capital One Venture X card. Each referral who gets approved results in 25,000 Capital One miles, worth at least $250 in value.
Overall, the rewards program on the Capital One Venture X is designed to provide value to travelers. With its earning rates, sign-up bonus, and referral bonus opportunities, it's a great option for those who want to earn rewards on their travel purchases.
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No Additional Fees and Interest
As a military member, you'll be happy to know that Capital One waives all fees for eligible military members. This means you won't have to worry about any additional charges on top of your annual fee.
The interest rates on credit cards are also capped at 4%, which is a significant advantage. If you ever find yourself carrying a balance, this cap can help you save money on interest charges.
While it's always best to avoid carrying a balance, having this option available can provide peace of mind.
Military Benefits
The Capital One Venture X card offers a range of benefits for active-duty military members, making it a great choice for those who want to earn and redeem rewards while serving their country.
If you're an active-duty military member, you're eligible for Capital One's SCRA benefits, which include waived credit card fees for cards obtained prior to active duty.
To qualify, you must be an active-duty member of the Army, Navy, Air Force, Marine Corps, Army or Air National Guard, Coast Guard, or Coast Guard Reserves, or a commissioned officer of the Public Health Service or NOAA.
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Alternatively, you can be a U.S. citizen member of an allied nation's military service, or a spouse or dependent of an eligible member.
The Capital One Venture X card has a lower fee than other premium travel rewards cards, making it a good choice to keep beyond active-duty military service.
If you're eligible, you can request SCRA benefits by submitting a simple form, mailing a request to Capital One, or faxing your request to 866-516-4023.
You'll need to provide your service member's name and Social Security number, active-duty start date, and branch of service, as well as a copy of your active-duty military orders or a letter from your executive or commanding officer.
The deadline for requesting SCRA benefits is 1 year after leaving or completing active duty.
Here's a list of the benefits you can expect as an active-duty military member:
- Waived credit card fees for cards obtained prior to active duty
- Up to $300 credit annually for booking via Capital One Travel
- 10,000 bonus miles at each card anniversary
- Global Entry or TSA PreCheck fee reimbursement
- Cell phone insurance, plus travel benefits and protection
Promotions and Offers
The Capital One Venture X card has some great promotions and offers that can help you earn even more rewards. You'll get a welcome offer of 75,000 miles, worth $750 to $1,350 in travel value, just for meeting the minimum spending requirements.
To earn this bonus, you'll need to spend $4,000 on purchases in the first 3 months from account opening. This is a respectable sign-up bonus, making the card easy to justify in year one.
You can also earn up to 100,000 miles each year by referring friends and family for the Capital One Venture X card. Each referral who gets approved will result in 25,000 Capital One miles, worth at least $250 in value.
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Worldwide Lounge Access ($162 Value)
Adding authorized users to your Capital One Venture X card is a great perk that can save you money on lounge passes. There is no additional fee to add authorized users, making it a cost-effective option.
You can add family members to your card, and they'll receive complimentary Priority Pass Select membership. This means your entire family can gain complimentary access to lounge properties.
If you travel with more than 2 members of your family, adding them to your card can save you money on lounge passes. With just 3 visits each year at $27 per visit, per person, your savings could be $162.
The ability to add authorized users to your card is a valuable feature that can make your travel experiences more enjoyable and cost-effective.
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Referral Bonus Opportunities
You could earn up to 100,000 miles each year for referring friends and family for a Capital One Venture X card. Each referral who gets approved results in 25,000 Capital One miles, worth at least $250 in value.
This referral bonus opportunity is a great way to boost your miles balance, especially if you're already a frequent traveler. With each approval, you'll receive 25,000 miles that can be redeemed for travel, merchandise, or other rewards.
Take a look at this: Capital One Venture X Refer a Friend
Comparison and Review
The Capital One Venture X is a premium travel credit card that's worth considering, especially if you're a frequent traveler. It offers valuable rewards and benefits, including a welcome bonus of 75,000 miles, worth $750 when redeemed for travel purchases.
The annual fee is $395, but with the right usage, you can easily make it back. In the first year alone, the card's perks can be worth over $1,000. The welcome bonus is a significant draw, but you can also transfer your miles to airline partners for more value.
If you have multiple credit cards with similar benefits, it's worth analyzing which one can deliver more value for a better annual fee. The Venture X offers a range of perks, including airport lounge access, Complimentary Hertz President Circle status, and access to unique events through Capital One Experiences.
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American Express Platinum vs. Rewards Credit
The American Express Platinum Card is a luxury credit card that offers more than just rewards, but it's not without its limitations. One major downside is that booking hotels with Membership Rewards points in the AmEx Travel Portal yields a value of 0.7 cents per point, which is 0.3 cents less per point than a similar booking with Capital One miles through Capital One Travel.
To qualify for the American Express Platinum Card, you must have an existing U.S. Bank account open for at least five business days before applying. This is a major limitation not seen on any of the other cards listed here.
The American Express Platinum Card's points can be redeemed at 1.5 cents each with U.S. Bank, which is a notable feature of this card.
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Comparison and Review
The Platinum Card from American Express has a major limitation that's not seen on other cards: you must have an existing U.S. Bank account open for at least five business days before applying.
One major downside of the Platinum Card is that booking hotels with Membership Rewards points in the AmEx Travel Portal yields a value of 0.7 cents per point, which is 0.3 cents less per point than a similar booking with Capital One miles through Capital One Travel.
The Capital One Venture X Rewards Credit Card is a great option for consumers who want a credit card that focuses almost exclusively on travel perks, with valuable rewards and benefits that can quickly make the annual fee worth paying.
The Venture X card comes with perks easily worth over $1,000 in the first year alone, including the welcome bonus, cell phone insurance, and no foreign transaction fees.
You can redeem Capital One miles for recent travel purchases or booking travel through the Capital One Travel Portal, with a value of $750 for 75,000 miles, or transfer them to airline partners for potentially more value.
The $395 annual fee can be quickly made back with the Venture X card's perks, especially in the first year, and you can add authorized users and share many of these benefits for no extra cost.
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Sources
- https://www.nerdwallet.com/article/travel/capital-one-venture-x-card-worth-annual-fee
- https://www.cnbc.com/select/capital-one-venture-x-annual-fee-worth-it/
- https://upgradedpoints.com/credit-cards/reviews/capital-one-venture-x/active-duty-military-benefits/
- https://monkeymiles.boardingarea.com/waived-credit-card-fees-active-duty-military/
- https://milestomemories.com/credit-cards-waive-annual-fees-for-military/
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