Capital One Venture X Rewards Card News: A Comprehensive Review

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The Capital One Venture X Rewards Card is a game-changer for travelers. It offers 10x miles on hotels and car rentals booked through Capital One Travel, with no blackout dates or restrictions.

This card also comes with a generous sign-up bonus of 75,000 miles after spending $4,000 in the first 3 months. Miles can be redeemed for travel purchases with no transfer fees or blackout dates.

Travelers can enjoy up to $300 in statement credits per year for Global Entry or TSA PreCheck fees, making airport security a breeze.

Sign-Up Bonus and Rewards

The sign-up bonus on the Capital One Venture X card is a generous 75,000 miles after spending $4,000 on eligible purchases in three months. This bonus is worth up to $1,275, based on a valuation of 1.7 cents per mile.

The card also offers a 10,000 annual miles bonus, which is a nice perk to offset the annual fee. With a valuation of 1.7 cents per mile, this bonus is worth around $170.

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The Venture X card earns 10X miles on hotels and rental cars booked through Capital One Travel, 5X miles on flights booked through Capital One Travel, and 2X miles on all other purchases. This makes it a great option for everyday spending, with a 3.4% return on purchases based on the 1.7 cents per mile valuation.

Here are some transfer ratios to be aware of:

  • Accor: 2:1
  • EVA Air: 2:1.5

The card also offers a $300 travel portal credit and can transfer miles to Capital One's airline transfer partners, including Aeromexico, Air Canada, and many others.

Sign-Up Bonus Multiplier: Up to $1,275

The sign-up bonus on the Capital One Venture X card is a great way to earn rewards. You can earn up to 75,000 miles after spending $4,000 on eligible purchases in three months.

Personally, I value Capital One miles at 1.7 cents per mile, which is why I think this bonus is worth up to $1,275. This is a significant amount of money that can be redeemed for travel expenses.

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The card's sign-up bonus is a great way to get started with earning rewards, and it's a key benefit of this card. The bonus is available to new cardholders who meet the spending requirement within the first three months.

Here's a breakdown of the sign-up bonus:

  • 75,000 miles after spending $4,000 on eligible purchases in three months
  • Valued at up to $1,275 based on my estimate of 1.7 cents per mile

Overall, the sign-up bonus on the Capital One Venture X card is a great way to earn rewards and get started with this card's rewards program.

Landing

The Capital One Venture X offers access to a new concept called Capital One Landing, which is essentially an airport restaurant with complimentary food and drinks. You can bring one guest in for free.

Capital One Landing is a partnership with Chef José Andrés, offering a tapas-style dining experience with an extensive drink selection. This is a twist on the traditional airport lounge concept.

If you have the Capital One Venture X, you can enjoy the Capital One Landing experience at the first location, which is now open in Washington (DCA).

Annual Fee and Benefits

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The Capital One Venture X rewards card has a $395 annual fee, which is lower than some of its competitors like the Chase Sapphire Reserve card ($550) and the American Express Platinum card ($695).

While the annual fee may seem steep, it's actually more beneficial for consumers to have only what they need rather than a bunch of perks that feel like coupons.

As a limited-time offer, new cardmembers can get a statement credit of up to $200 for qualifying vacation rental purchases, including transactions from Airbnb, Turnkey, Vacasa, and VRBO.

You can use the $300 annual Capital One Travel credit to book flights, hotels, rental cars, and more, which can easily offset more than 75% of the annual fee.

To make the most of the card, apply for the $300 travel credit and 10,000 bonus points every year to use for purchases you'd make anyway.

The $300 credit alone is worth booking a $300+ flight through the Capital One Travel portal every year.

Travel Benefits

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The Capital One Venture X offers a range of travel benefits that can help you save time, money, and hassle when you're on the go.

You can earn up to $300 in statement credit each year when booking travel through the Capital One Travel portal, which can be used for flights, hotels, rental cars, and more. This benefit alone can offset more than 75% of the card's $395 annual fee.

The card also offers rental car coverage, which protects you 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.

You can also earn up to $100 in statement credit when using the card to pay for the Global Entry or TSA PreCheck application fee, which can save you hours of waiting time in line over a year if you often travel internationally.

The card offers a range of transfer partners for your Capital One miles, including popular airlines and hotels like British Airways, Singapore Airlines, and Accor Live Limitless.

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Here are some of the transfer partners you can use:

  • ALL – Accor Live Limitless (2:1)
  • Aeromexico Club Premier
  • Air Canada – Aeroplan
  • Air France-KLM Flying Blue
  • Avianca LifeMiles
  • British Airways Executive Club
  • Cathay Pacific – Asia Miles
  • Choice Privileges
  • Emirates Skywards
  • Etihad Guest
  • EVA Air – Infinity MileageLands (2:1.5)
  • Finnair Plus
  • Qantas Frequent Flyer
  • Singapore Airlines KrisFlyer
  • TAP Miles&Go
  • Turkish Airlines Miles&Smiles
  • Virgin Red
  • Wyndham Rewards

The Capital One Venture X also offers valuable travel protection benefits, including trip delay reimbursement, lost luggage reimbursement, and rental car coverage.

Lounge Access and Priority Pass

The Capital One Venture X rewards card offers a range of lounge access benefits that can enhance your travel experience.

You can visit more than 1,200 airport Priority Pass lounges around the world, with two complimentary guests allowed per visit.

Capital One's own lounges are also a great perk, with locations at DFW, DEN, and IAD, and more expected in the future. You can bring up to two guests for free, or pay $45 per additional guest.

Venture X cardholders can enjoy unlimited access to Capital One Lounges, with the ability to bring two guests with you at no extra cost.

Priority Pass membership also includes access to Plaza Premium Lounges, with 110 locations worldwide, including popular airports like London Heathrow and Singapore.

Credit: youtube.com, HUGE Changes to Priority Pass: Chase Sapphire Reserve, Venture X, Amex Platinum

Non-Capital One cardholders can visit Capital One Lounges for $65 per visit, so it's worth taking advantage of the free access if you hold the Venture X card.

However, it's worth noting that Capital One removed access to Priority Pass restaurants for Venture X cardholders in 2023, which was a significant benefit at launch.

Authorized Users and Fees

Adding authorized users to the Capital One Venture X card is a great way to share the benefits of the card with family members or friends. You can add up to four authorized users at no extra cost.

The cost of adding authorized users to other premium travel credit cards can be steep. For example, adding an authorized user to the Chase Sapphire Reserve card costs $75 per user, while the AMEX Platinum card charges $175 for the first three users and then $175 per additional card.

One of the best perks of adding authorized users to the Capital One Venture X card is that they receive a Priority Pass membership. This means they can enjoy lounge access and other benefits, just like the primary cardmember.

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The Capital One Venture X card also offers access to Plaza Premium Lounges, Capital One Lounges, and Capital One Landings for authorized users. This is a great way to share the benefits of the card with loved ones.

Here's a quick rundown of the authorized user perks for the Capital One Venture X card:

  • A Priority Pass membership
  • Access to Plaza Premium Lounges
  • Access to Capital One Lounges and Capital One Landings
  • Hertz President’s Circle elite status

These perks are truly unrivaled in the credit card world, making the Capital One Venture X card an ideal choice for families.

Travel Portal and Miles

The Capital One Venture X card's travel portal and miles program is a valuable benefit for frequent travelers. You can earn 5x miles for flights booked through Capital One Travel, and 10x miles for rental cars and hotels booked through the same portal.

The travel portal has undergone some changes, unfortunately. The Price Drop Protection benefit now issues a travel credit of up to $50 when prices on select flights drop after booking, not a refund back to your card.

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You can also earn a $300 travel credit annually when booking through the Capital One Travel portal. However, this credit is now applied at the time of booking, rather than as a statement credit after the fact. This change means you no longer earn bonus miles when using your travel credit.

Capital One Miles can be transferred to a number of different travel partners, including airlines and hotels. You can transfer miles at a 1:1 ratio to over a dozen partners, such as Air France-KLM Flying Blue and Singapore Airlines KrisFlyer.

The Capital One Venture X card also offers unlimited 2x miles on all purchases, making it a great option 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.

Here are some of the airline and hotel partners you can transfer your Capital One Miles to:

  • ALL – Accor Live Limitless (2:1)
  • Aeromexico Club Premier
  • Air Canada – Aeroplan
  • Air France-KLM Flying Blue
  • Avianca LifeMiles
  • British Airways Executive Club
  • Cathay Pacific – Asia Miles
  • Choice Privileges
  • Emirates Skywards
  • EVA Air – Infinity MileageLands (2:1.5)
  • Finnair Plus
  • Qantas Frequent Flyer
  • Singapore Airlines KrisFlyer
  • TAP Miles&Go
  • Turkish Airlines Miles&Smiles
  • Virgin Red
  • Wyndham Rewards

Anniversary and Perks

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The Capital One Venture X rewards card is a powerhouse when it comes to anniversary bonuses and perks. You'll receive 10,000 miles on your account anniversary every year, which can be redeemed for $100 or more, depending on your valuation of Capital One miles.

This bonus, combined with the $300 travel portal credit, can completely offset the annual fee. To put that into perspective, if you value Capital One miles at 1.7 cents each, the 10,000 miles you earn annually are worth around $170.

The airline transfer partners for Capital One miles are quite extensive, including big names like Air France - KLM, British Airways, and Singapore Airlines. If you're looking to maximize your rewards, transferring to one of these partners could be a great option.

With the Venture X, you can also earn unlimited 2x miles on all purchases, making it an excellent choice for everyday spending. This translates to a 3.4% return on everyday spending, assuming you value Capital One miles at 1.7 cents each.

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Here are some of the airline transfer partners for Capital One miles:

  • Aeromexico
  • Air Canada
  • Air France - KLM
  • Avianca
  • British Airways
  • Cathay Pacific
  • Emirates
  • Etihad
  • EVA Air
  • Finnair
  • Qantas
  • Singapore Airlines
  • TAP Air
  • Turkish Airlines

As a cardholder, you can also add up to four authorized users at no extra cost, and they'll receive some amazing perks, including a Priority Pass membership and access to Plaza Premium Lounges. This makes the Venture X an ideal card for families or those who travel frequently.

Bottom Line and Conclusion

The Capital One Venture X Rewards Card is an incredibly valuable option for travelers, with a $395 annual fee that's surprisingly low compared to its competitors.

The card offers a $300 annual credit, 10,000 anniversary bonus miles, and a range of benefits including lounge access, travel coverage, and cell phone protection.

The $395 annual fee may seem steep, but it's offset by the card's numerous perks and benefits, making it a solid value proposition for those who can take full advantage of them.

Bottom Line

The Capital One Venture X Rewards Card offers incredible value for its annual fee of $395. This fee is significantly lower than its primary competitors, making it a steal.

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The card's benefits include a $300 annual credit, 10,000 anniversary bonus miles, and access to Priority Pass, Plaza Premium, Capital One Lounges, and Capital One Landings. This is a lot to unpack, but essentially, you get a ton of perks for a relatively low price.

Reports suggest that Capital One has a 4/24 rule, which may affect your chances of approval, even with excellent credit. This rule is not explicitly stated, but it's worth considering if you're thinking of applying.

The Venture X Card's annual fee is substantial, but it's still $155 cheaper than its next closest competitor, the Chase Sapphire Reserve. This gap in pricing may give Capital One room to raise the annual fee in the future.

Is the New Right for You?

The new Capital One Venture X card has some amazing benefits, but it's essential to consider whether it's right for you. With a $395 annual fee, you'll want to make sure you can recoup that cost through rewards and perks.

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The card offers a $300 annual credit for bookings made on Capital One Travel, which can help offset the fee. Additionally, you'll get a 10,000-mile bonus every account anniversary, worth $100 in travel redemptions.

One thing to consider is that the card's best benefits are tied to Capital One Travel, which may not be the best option for everyone. Booking travel through an online travel agency can complicate things, especially if you have elite status with a hotel or airline loyalty program.

The card's airport lounge benefits are impressive, with unlimited access to Capital One Lounges and the Priority Pass network. However, there's currently only one Capital One Lounge, located at Dallas/Fort-Worth International Airport.

Here are some key benefits to consider:

  • $300 annual credit for bookings made on Capital One Travel
  • 10,000-mile bonus every account anniversary, worth $100 in travel redemptions
  • Unlimited access to Capital One Lounges and the Priority Pass network
  • Up to a $100 statement credit toward TSA PreCheck or Global Entry every four years

Ultimately, the decision to get the Capital One Venture X card depends on your individual travel habits and preferences. If you're an avid traveler who can take advantage of the card's benefits, it may be a great option. But if you're not sure, it's worth taking your time to shop around and compare multiple credit cards.

Frequently Asked Questions

Is Venture X worth it in 2024?

The Capital One Venture X Rewards Credit Card offers excellent value for frequent travelers, with benefits like airport lounge access and travel credits at a lower annual fee than similar premium cards. Consider it a worthwhile investment if you travel often in 2024.

Rosalie O'Reilly

Writer

Rosalie O'Reilly is a skilled writer with a passion for crafting informative and engaging content. She has honed her expertise in a range of article categories, including Financial Performance Metrics, where she has established herself as a knowledgeable and reliable source. Rosalie's writing style is characterized by clarity, precision, and a deep understanding of complex topics.

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