Full List of Travel Insurance Benefits for the Capital One Venture X Card [2024]

The Capital One Venture X Rewards Credit Card is one of the hottest options in the premium card market. Even though Capital One is a relatively new entrant into the ultra-premium niche, it did an incredible job with this card. The card boasts thousands of dollars of value every year for the discerning traveler, streamlined bonus rewards, and access to an attractive rewards landscape in Capital One Miles.

This card doesn’t just stop at lounge access and travel credits — its benefits extend all the way to high-quality travel insurance perks. Unfortunately, learning about the travel insurance offered by the Capital One Venture X card is easier said than done. This is made even more complicated by the fact that insurance policies are some of the most difficult topics to comprehend.

So, in this guide, our goal is to demystify the travel insurance benefits and coverage offered by the Capital One Venture X card. This guide will cover everything from primary rental car insurance to travel accident insurance.

Let’s get right into it!

Basic Card Information

For you to better understand the card’s coverage, it’s important to have a little background on the card. We’ve detailed the benefits, welcome bonus, and annual fee for the Capital One Venture X card below:

Terms Apply / Rates & Fees

Capital One Venture X Rewards Credit Card

U.P. Rating 

The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

The Capital One Venture X card is an excellent option for travelers looking for an all-in-one premium credit card.

Capital One Venture X Rewards Credit Card

The Capital One Venture X card is an excellent option for travelers looking for an all-in-one premium credit card.

Welcome Offer

Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel.

75,000 miles

UP's Bonus Valuation*:

$1,350

Annual Fee

$395

APR

19.99% - 29.99% (Variable)

Credit Recommended

Upgraded Points credit ranges are a variation of FICO^®Score 8, one of many types of credit scores lenders may use when considering your credit cardapplication.

Excellent (740-840)

Why We Like This Card

The Capital One Venture X Rewards Credit Card is the premium Capital One travel rewards card on the block.

Points and miles fans will be surprised to see that the Capital One Venture X card packs quite the punch when it comes to bookings made through Capital One, all while offering the lowest annual fee among premium credit cards.

Depending on your travel goals and preferences, the Capital One Venture X card could very well end up being your go-to card in your wallet.

 

Pros & Cons

Pros

• 10x miles per $1 on hotels and rental cars purchased through Capital One Travel
• 5x miles per $1 on flights purchased through Capital One Travel
• 2x miles per $1 on all other purchases

Cons

• $395 annual fee (rates & fees)
• Does not offer bonus categories for flights or hotel purchases made directly with the airline or hotel group, the preferred booking method for those looking to earn elite status

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Card Highlights

• Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel
• Receive a $300 annual credit for bookings through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options
• Get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary
• Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights booked through Capital One Travel
• Earn unlimited 2X miles on all other purchases
• Unlimited complimentary access for you and two guests to 1,300+ lounges, including Capital One Lounges and the Partner Lounge Network
• Use your Venture X miles to easily cover travel expenses, including flights, hotels, rental cars and more—you can even transfer your miles to your choice of 15+ travel loyalty programs
• Elevate every hotel stay from the Premier or Lifestyle Collections with a suite of cardholder benefits, like an experience credit, room upgrades, and more
• Receive up to a $100 credit for Global Entry or TSA PreCheck^®

Financial Snapshot

• APR: 19.99% - 29.99% (Variable)
• Foreign Transaction Fees: None

Rewards Center

Capital One Miles

 

Auto Rental Collision Damage Waiver

One of the pillars of travel insurance is coverage for your rental car. Indeed, this is one of the most important areas to pay close attention to. Why? Coverage varies wildly — and you might not actually be getting the coverage you’re expecting. If something unexpected happens while you’re renting, you could be liable for thousands of dollars’ worth of damages.

The Capital One Venture X card confers excellent auto rental collision damage waiver coverage. Save money by saying no at the counter — when you rent with your covered Visa Infinite card, you get built-in auto rental coverage.

To utilize this coverage, you must decline the rental car company’s collision damage waiver, or CDW, also sometimes referred to as the loss damage waiver, or LDW, and pay for the entire rental car using your Capital One Venture X card.

To file a claim, you need to immediately call the benefits administrator at 800-825-4062 (outside the U.S., call collect at 804-965-8071).

You need to provide:

• A copy of the accident report form
• A copy of the initial and final auto rental agreements (front and back)
• A copy of the repair estimate and itemized repair bill
• 2 photographs of the damaged vehicle, if available
• A police report, if obtainable
• A copy of the demand letter that indicates the costs you are responsible for and any amount that has been paid toward the claim

Be sure to complete and sign the claim form provided by the benefits administrator and postmark it within 90 days of the damage date, even if all of the other required documentation isn’t yet available.

You should also submit a copy of your billing statement showing that the entire car rental was booked with the Capital One Venture X card.

Trip Cancellation and Interruption Insurance

One of the core pillars of travel insurance is trip cancellation and interruption insurance.

If your upcoming travel plans are disrupted or canceled, there could be potentially huge financial implications. For example, if your airline becomes insolvent and you have to cancel your vacation because of that, leverage your trip cancellation and interruption insurance, which typically covers unexpected events.

You can even use this coverage in the middle of your trip — it specifically relates to travel on “common carriers.” Common carriers are generally any model of transportation by land, water, or air operating for hire under a license to carry passengers for which a ticket must be purchased prior to travel.

The most applicable common carrier travel would likely be airfare, and the Capital One Venture X card covers each insured person so long as you charge the entire cost to that credit card. Your spouse and dependent children are generally eligible for coverage, as long as their trips are also paid for on the credit card.

You’re generally covered if the interruption or cancellation is from the death of a family member (as well as accidental bodily injury, disease, or physical illness) or financial insolvency of the common carrier.

Exclusions to this insurance include any preexisting conditions, injuries arising from participation in professional sports events, cosmetic surgery, suicide, declared or undeclared war, and more.

Trip Delay Reimbursement

Trip delays are one of those unexpected annoyances that happen to travelers sooner or later.

Luckily, the Capital One Venture X card covers trip delay reimbursement of up to $500 for every purchased ticket on your card so long as your trip is delayed for more than 6 hours or requires an overnight stay.

You can have up to 1 claim per trip, and you need to purchase at least a portion of the common carrier fare using your credit card.

Baggage Delay Reimbursement

Have you ever wondered what happened to your luggage only to find out that, just like in a nightmare in a scary movie, the airline has delayed or lost it?

Worry no more — your bags are covered against common carrier-caused loss or theft with lost luggage reimbursement when you use your Venture X card to purchase common carrier tickets.

Filing a Claim

The exact process for filing a claim depends on which coverage you’re trying to use, but the general process is usually the same:

1. Notify your benefits administrator as soon as you possibly can about your covered event.
2. Provide any preliminary claim information to the benefits administrator.
3. The benefits administrator will send a more complete claim form to fill out, as well as a list of documentation required.
4. Submit the claims and wait to receive the reimbursement you’re eligible for.
5. Follow up with the benefits administrator as needed.

The exact documentation you need to collect varies. For example, if you want to file for a car rental-related reimbursement, you’ll likely need to furnish items like your rental car agreement. On the other hand, if you’re applying for trip cancellation or interruption coverage, you need to provide the confirmation of the nonrefundable tickets on the common carrier.

In general, all claim forms must be submitted within 90 days of the covered event, even if all of the supporting documentation isn’t yet available.

Hot Tip: Keep as much documentation as possible, including receipts, police reports, email communications from third parties, and more. 

Final Thoughts

The Capital One Venture X card offers some of the best travel insurance a credit card can offer. This is in addition to the other benefits you get, such as unlimited Capital One Lounge access, up to $300 Capital One Travel credit every cardmember anniversary year, cell phone insurance, and so much more.

In particular, the primary rental car insurance rivals the best that ultra-premium credit cards offer.

Although this card doesn’t have baggage delay coverage, emergency medical and dental coverage, or emergency medical transport and evacuation insurance, it has most of the features travelers are looking for.

For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.