Link: Apply now for the Capital One Venture X Rewards Credit Card (this is the best publicly available offer for the card, and we appreciate your support if you use our link)
The Capital One Venture X Credit Card recently started accepting applications. This is Capital One’s new ultra-premium credit card, and I’d say it’s almost too good to be true. It’s not often I give advice this generalized, but I think just about everyone looking to earn travel rewards should pick up this card. It’s that amazing. I wanted to take an updated look at the card, to reflect everything we’ve learned about it since launch.
Details of the Capital One Venture X
The $395 annual fee Capital One Venture X is Capital One’s new premium travel rewards credit card, competing with cards like the Chase Sapphire Reserve® Card (review). The Venture X offers a huge sign-up bonus, a minimum of 2x Venture miles on all purchases, a $300 travel credit and 10,000 bonus miles annually, and unlimited access to Capital One Lounges, along with a Priority Pass membership, for both the primary cardmember and authorized users.
This card almost seems too generous, so let’s go over the details.
Capital One Venture X sign-up bonus: 100K miles & more
The Capital One Venture X is offering a very lucrative sign-up bonus to celebrate the card’s launch:
- Earn 100,000 bonus miles after spending $10,000 on purchases within the first six months
- For a limited time, receive up to $200 in statement credits for vacation rentals; this needs to be used within your first year as a cardmember, and can be applied towards a single purchase that’s greater than or equal to $200, with eligible merchants including Airbnb, Turnkey, Vacasa, and VRBO
Personally I value Capital One miles at 1.7 cents each, so to me the 100,000 Venture miles are worth ~$1,700. Add in the $200 vacation rental credit, and this bonus is potentially worth up to $1,900, by my valuation. That’s the most lucrative credit card bonus out there.
Note that you’re eligible for this card (including the bonus) even if you have the standard Venture product, so you can apply outright. While there may be opportunities to product change, you won’t receive the new cardmember bonus if you go that route.
Capital One Venture X annual fee: $395
For anyone who travels with any frequency, the annual fee should more than pay for itself, thanks to the ongoing perks, particularly the $300 annual travel credit and 10,000 anniversary bonus miles.
Capital One Venture X return on spending: 2x miles everywhere & more
- 10x Venture miles on hotels and rental cars booked via Capital One Travel
- 5x Venture miles on flights booked via Capital One Travel
- 2x Venture miles on all other purchases
- The card has no foreign transaction fees, making this ideal for purchases abroad
Most noteworthy is the return on everyday spending, as the card offers 2x Venture miles per dollar spent. Capital One miles are extremely valuable, and can either be redeemed for one cent each towards the cost of a travel purchase, or can be transfered to Capital One’s travel partners at a ratio of up to 1:1. Earning two airline miles per dollar spent is awesome.
Furthermore, ordinarily I’m opposed to booking travel through credit card portals, but Capital One Travel is well done and has some unique features, including savings on flights, 24/7 alert technology with price changes, and the ability to freeze the price of a flight and come back 14 days later to book it.
Capital One Venture X perks: $300 travel credit, 10K bonus miles, & more
This is where the card shines. As mentioned above, the Capital One Venture X has a $395 annual fee, but the card offers two major annual benefits:
- $300 in statement credits every cardmember year for bookings made through Capital One Travel; this can be applied towards any type of travel booking possible through Capital One Travel, including flights, hotels, car rentals, etc.
- 10,000 bonus Venture miles on the account anniversary every year; there’s no spending requirement to unlock this, and it’s worth a minimum of $100 towards a travel purchase, or could get you up to 10,000 airline miles (which I value at $170)
Between those two benefits alone, that’s $470 worth of value annually for a $395 annual fee card. And that doesn’t even account for the other perks (including airport lounge access), which I’ll cover below.
Furthermore, there are some more Capital One Venture X perks & benefits that are worth being aware of:
- The Capital One Venture X offers a TSA Pre-Check or Global Entry fee credit once every four years
- The Capital One Venture X offers Hertz President’s Circle status for the primary cardmember and authorized users, offering perks like being able to skip the counter, guaranteed upgrades, free additional drivers, and more
- The Capital One Venture X is a Visa Infinite Card, and therefore offers other car rental perks as well, including National Emerald Club Executive status, and savings with Avis and Silvercar
Capital One Venture X lounge access: Capital One Lounges & Priority Pass
Capital One is opening up airport lounges, and the Venture X Card has some very nice lounge access perks:
- The Capital One Venture X offers unlimited access to Capital One Lounges, with the ability to bring two guests; the first lounge opened at DFW Airport, and is simply incredible, with Peloton bikes, grab & go food, cold brew on tap, and more
- The Capital One Venture X offers a Priority Pass membership (including credits at Priority Pass restaurants), with the ability to bring two guests
Here’s the kicker, though — you can add up to four authorized users to the Capital One Venture X at no cost, and they also get the same lounge access benefits, including access to Capital One Lounges, as well as a Priority Pass membership. That’s unbelievably generous, and truly unrivaled.
Capital One Venture X purchase protection: car rentals, travel, and cell phones
One thing that a lot of people look for in premium credit cards is great purchase protection. The Capital One Venture X is a Visa Infinite Card, and as a result it offers some valuable peace of mind:
- For car rentals, the Venture X offers primary rental car coverage; just decline the collision damage waiver offered by the car rental company, and pay for the full price of the rental with your card
- For cell phones, the Venture X offers cell phone protection; just pay your monthly bill with the card, and you’ll be protected for up to $800 if your phone is stolen or damaged, minus a $50 deductible
- For flights, the Venture X offers trip delay reimbursement; pay for your airline ticket with the card, and if you’re delayed by more than six hours or have an overnight stay, you can be reimbursed up to $500 for reasonable expenses incurred because of the delay
- For luggage, the Venture X offers lost luggage reimbursement; pay for your airline ticket with the card, and if your bag is lost, you can be reimbursed up to $3,000 per trip
Of course you’ll want to consult the cardmember agreement for all the terms, since there are always some restrictions associated with this coverage. But this is incredibly well rounded coverage, and what I look for in a premium card.
Getting approved for the Capital One Venture X
Capital One can be a quirky card issuer when it comes to getting approved for cards. Anecdotal reports suggest that a lot of people are having luck with approvals for the Capital One Venture X, which is great. A few things to note:
- Yes, you are eligible for the Capital One Venture X (including the bonus) even if you have the Capital One Venture, but you need to apply outright; product changing doesn’t qualify for the bonus
- If you’re added as an authorized user on the Capital One Venture X (or any other Capital One card), you are eligible to apply for the card yourself in the future, and receive the bonus
- Capital One doesn’t seem to have any consistent rules when it comes to getting approved, at least not like Amex and Chase; people with all kinds of credit profiles are reporting approvals
- Capital One pulls your credit from all three bureaus when you apply, though personally I don’t consider that to be a big deal
Why the Capital One Venture X is worth it
The Capital One Venture X is jaw-droppingly generous. The card has a $395 annual fee, which is lower than the fee on other premium credit cards. But the card shouldn’t be costing anyone nearly that much, between the $300 annual Capital One Travel credit, and the 10,000 anniversary bonus Venture miles. To me you’re coming out ahead without even using the card for spending.
That doesn’t even factor in that the card has huge value beyond that — the Capital One Venture X offers an industry-leading 2x miles per dollar spent, and most significantly, offers access to Capital One Lounges, plus a Priority Pass membership, for both the primary cardmember and the (free) authorized users.
Applying for this card is an absolute no-brainer, in my opinion.
Capital One Venture X FAQs
There are some questions I’ve received over and over about the Capital One Venture X, so I figured I’d answer those in a consolidated way in the form of some frequently asked questions. If there are any questions I haven’t answered in this post, please let me know in the comments, and I’ll be sure to incorporate that as well. In no particular order…
Are you eligible for the Venture X if you have the Venture?
Yep, you sure are. You can just apply outright, and you’re eligible for the card, including the bonus. While there might be opportunities to product change, you generally won’t receive a bonus for product changing.
Can you product change to the Venture X?
If you have another personal Capital One travel rewards card, like the Venture, you may be able to product change to the Venture X. You’ll have to phone up Capital One to see what options are available to you. However, note that you aren’t eligible for the welcome bonus if you product change.
How many authorized users can you add to the Venture X?
You can add up to four authorized users to the Venture X at no extra cost, and they all receive Capital One Lounge access, a Priority Pass membership, and more.
What lounge access does the Venture X offer?
The Venture X offers a Priority Pass membership, getting you access to 1,300+ lounges around the world, with the ability to take up to two guests. On top of that, you can access Capital One Lounges, also with two guests. These perks apply both to the primary cardmember and authorized users.
Can you access Priority Pass restaurants with the Venture X?
The Priority Pass membership offered by the Venture X gets you access to all Priority Pass locations, including restaurants. In other words, Capital One doesn’t have the same restrictions as Amex does about visiting Priority Pass restaurants, which is great.
What credit score do you need to be approved for the Venture X?
There’s not a specific credit score you need to be approved for the Venture X, though the card is generally intended for those with good to excellent credit. Capital One has fairly few consistent rules about approvals otherwise, and reports suggest that a lot of people are successfully being approved for the card.
What is the highest & lowest credit limit for the Venture X?
Since the Venture X is a Visa Signature, the minimum credit limit on the card will be $10,000, if you’re approved. Meanwhile the highest credit limit I’ve heard of for this card is $30,000 (though if anyone has received a higher credit limit, please let me know).
When does the Venture X sign-up bonus end?
The Venture X is offering a bonus of 100K miles plus a $200 credit for vacation rentals. While this offer is only available for a limited time, we don’t yet know the end date.
What material is the Venture X made of?
The Capital One Venture X is made of metal.
How can you redeem the Venture X $300 travel credit?
The Venture X $300 travel credit is issued each anniversary year (including the first year), and can be used towards any purchase in the Capital One Travel portal. This includes purchasing flights, hotels, rental cars, etc. For most people this should be more or less good as cash towards travel.
How does the Venture X 10K anniversary bonus miles work?
The Venture X offers an automatic 10,000 bonus Venture miles on the account anniversary every year. This couldn’t be more straightforward, as the miles will automatically post to your account. You can redeem them whenever you’d like, however you’d like. 10,000 Venture miles could get you $100 worth of travel, or alternatively could get you up to 10,000 bonus miles with one of Capital One’s airline partners.
Is the Venture X a Mastercard or Visa?
Capital One is accepting applications for its new premium credit card, the Capital One Venture X. This $395 annual fee card offers a ton of value. On the most basic level, you’ll receive a $300 annual Capital One Travel credit plus 10,000 bonus miles annually, which should cover the annual fee. On top of that you earn at least 2x miles per dollar spent, plus you get access to Capital One Lounges and a Priority Pass membership, for both the primary cardmember and any (free) authorized users.
Very well done, Capital One! This is an innovative product that offers exceptional value. I’ve already picked up the card myself, and recommend others do as well.
What do you make of the new Capital One Venture X?