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Upgrading to Venture X can open doors to a world of travel rewards. With Venture X, you can earn 2X miles on every purchase, everywhere, with no rotating categories or spending limits.
You'll also have access to a 25,000-point sign-up bonus, which can be redeemed for $250 in travel. This bonus is a great starting point for racking up rewards and taking your travel game to the next level.
One of the most exciting features of Venture X is its ability to transfer points to popular airline and hotel loyalty programs. This means you can use your points to book flights, hotel stays, and other travel experiences, giving you even more flexibility and options.
Eligibility and Upgrade
To upgrade your Capital One Venture to the Venture X, you'll need to meet certain eligibility requirements. Your account should be open for at least a year before requesting an upgrade.
A history of on-time payments and low credit utilization will increase your chances of getting an upgrade. This is because Capital One considers your creditworthiness when evaluating upgrade requests.
To check if your account qualifies for an upgrade, call customer service at the phone number on the back of your card.
Upgrading a Credit Card
Upgrading a credit card can be a great way to get a better offer and more rewards, but it's essential to understand the eligibility requirements and the process.
You can upgrade your Capital One Venture credit card if you've had it for at least a year and have a history of on-time payments and low credit utilization. This increases your chances of getting an upgrade.
To upgrade, you can call customer service at the phone number on the back of your card. Capital One also sends targeted upgrade offers to existing cardholders, so keep an eye on your email and online account.
If you're considering upgrading, you should know that you won't receive the welcome bonus if you product change or upgrade from the Venture to the Venture X. However, some cardmembers may be targeted for an upgrade offer with a bonus, although it won't be as good as the bonus for new cardmembers.
Here are the key differences between applying outright and upgrading:
- You don't receive the welcome bonus if you upgrade.
- There's generally no credit pull when product changing, which can be useful if you don't think you'd be approved or if you're trying to stay under Chase's 5/24 limit.
- Upgrading can be a good option if your credit score and income have gone up since you applied.
Transferring Miles
Transferring miles can be a great way to get more value from your rewards, and both the Capital One Venture Rewards and Venture X offer this option. You can transfer your miles to any of Capital One's 15-plus hotel and airline partners.
Both cards transfer to the same partners at the same rates, so you don't have to worry about one card being more restrictive than the other. This includes valuable options like Air France-KLM Flying Blue, British Airways Executive Club, and Turkish Airlines Miles&Smiles.
If you can take advantage of a transfer bonus, you'll get even more value from your miles.
Rewards and Benefits
The Venture X has a much more robust list of benefits than the Venture Rewards, making it a great option if you can maximize its perks.
You'll get a $300 annual credit for bookings made through Capital One Travel, which can help offset the card's higher annual fee.
Complimentary access to Capital One and Plaza Premium lounges for you and up to two guests is a fantastic benefit, especially if you travel frequently.
The Venture X also includes a Priority Pass lounge membership to over 1,300 locations, giving you and unlimited guests (subject to capacity) access to these lounges.
You'll receive 10,000 bonus miles, worth $185 according to TPG valuations, at each cardholder anniversary.
Authorized users can be added for no additional fee, and they'll enjoy the same airport lounge access as the main cardholder.
If you're already a Venture Rewards cardholder and want to upgrade to the Venture X, you can call the number on the back of your card to request a product change.
By upgrading, you'll get access to the Venture X's more premium benefits without worrying about eligibility.
Key Terms and Conditions
The Bonus Miles Offer is nontransferable and only applies to the account identified in the email. This means that if you upgrade your account, the bonus miles will only be credited to that specific account.
To be eligible for the Bonus Miles Offer, you must upgrade your account to Venture X by December 22, 2022. This is a limited-time offer, so make sure to act quickly.
Your upgraded Venture X account must be open and in good standing at the time the bonus is fulfilled. This means that if you change your Venture X card to another card or if your account becomes delinquent, closed, restricted, over the credit line or otherwise not in good standing, you will not be eligible for this Bonus Miles Offer.
Here are the key terms and conditions of the Bonus Miles Offer:
- Eligible account holders who upgrade to Venture X by 11:59 p.m. ET December 22, 2022, are eligible to earn a one-time bonus of 50,000 miles.
- The bonus miles will be earned after spending $4,000 on new, net purchases made between the time of upgrade and March 22, 2023.
- Purchases made after upgrading to Venture X will qualify for this Bonus Miles Offer.
- A purchase will be based on the date a transaction posts to the account and must post within the Bonus Miles Offer Period to be included in your minimum spending requirement.
- Purchases that post to your account before or after the Bonus Miles Offer Period, cash advances, transfers and checks used to access your account are not considered purchases and will not count toward meeting the minimum spending requirement.
- The bonus earned will be in the form of miles and will be posted to your account within 90 days of the Bonus Miles Offer Period end date.
Note that authorized users and account managers on your account are not eligible to earn their own bonuses, but their purchases will still count toward the minimum spending requirement.
Frequently Asked Questions
Can you hold venture and venture x at the same time?
Yes, current Venture cardholders can hold both the Venture and Venture X cards simultaneously. However, Capital One limits new card applications to one every six months.
Can I upgrade from Capital Venture to Venture X?
Upgrades from Capital One Venture to Venture X are available, but only if you receive a targeted offer. Check your account for an upgrade invitation to see if you're eligible
Sources
- https://wallethub.com/answers/cc/upgrade-capital-one-venture-to-venture-x-2140791844/
- https://frequentmiler.com/upgrade-offers-to-venture-x-for-some-cardholders-targeted/
- https://onemileatatime.com/guides/venture-vs-venture-x/
- https://www.nerdwallet.com/article/travel/how-to-maximize-venture-x-card
- https://thepointsguy.com/credit-cards/capital-one-venture-vs-venture-x/
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