Edited by: Keri Stooksbury
& Kellie Jez
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Even though Citi and Capital One are 2 of the largest financial institutions in the U.S., their rewards credit cards usually don’t get as much attention as those offered by Chase and American Express.
However, these issuers offer a number of rewards credit cards that have some great perks. If you’re considering getting a credit card from Citi or Capital One and want to earn lots of rewards, you’re probably deciding between the Citi Premier® Card and the Capital One Venture X Rewards Credit Card.
The Citi Premier card earns bonus points on a wide variety of spending categories, while the Capital One Venture X card earns a solid return on all purchases. In this guide, we’ll give you the A to Z for both cards!
If you’re looking for a 30,000-foot view of each card, check out the table we’ve compiled below to help you compare the 2 cards:
|Citi Premier® Card
|Capital One Venture X Rewards Credit Card
|Earn 60,000 points after spending $4,000 in purchases within the first 3 months. Plus, for a limited time, earn a total of 10 points per $1 spent on hotel, car rentals, and attractions (excluding air travel) booked on the Citi Travel portal through June 30, 2024.
|Earn 75,000 miles when you spend $4,000 on purchases in the first 3 months.
|Travel Benefits and Protections
|Shopping Benefits and Protections
|$395 (rates & fees)
|No additional annual fees for authorized users
|No additional annual fees for up to 4 authorized users (rates & fees)
As you can see, the Citi Premier card offers significantly fewer benefits but has a much lower annual fee than the Capital One Venture X card. However, the Citi Premier card has some impressive bonus categories that can help you rack up points faster than the Capital One Venture X card in some cases.
The Citi Premier card is also a mid-tier card, while the Capital One Venture X card is considered an ultra-premium card.
Both of these currencies share several transfer partners, including Avianca LifeMiles and Turkish Airlines Miles&Smiles, though there are some unique transfer relationships like Citi’s 1:2 transfer ratio to Choice Privileges and Capital One’s 1:1 transfer ratio to Air Canada Aeroplan.
As a general rule of thumb, we believe Capital One miles are slightly more valuable than Citi ThankYou Points.
The Capital One Venture X card has a significantly higher annual fee (rates & fees), but greater benefits to compensate.
Most of the best rewards credit cards come with welcome bonuses that accelerate the number of points or miles earned within the first few months of card opening, as long as you meet some introductory spending requirements.
In this case, both the Citi Premier card and Capital One Venture X card routinely offer valuable welcome bonuses:
Frequent flyers will enjoy 3x ThankYou Points at restaurants, gas stations, supermarkets, air travel, and hotels.
The Citi Premier® Card is an excellent option for anyone looking for an all-around travel rewards credit card. The card helps you earn points fast with great 3x bonus categories such as restaurants, supermarkets, gas stations, airfare, and hotels. Plus, it offers access to airline and hotel transfer partners, doesn’t charge foreign transaction fees, and has a reasonable annual fee!
The Capital One Venture X card is an excellent option for travelers looking for an all-in-one premium credit 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.
Capital One miles and Citi ThankYou Points are both valuable and flexible rewards currencies. They can be transferred to airline and hotel loyalty programs, as well as be redeemed for cash-back, gift cards, and more.
We are of the opinion that Capital One miles are more valuable than Citi ThankYou Points, mostly because of its larger list of transfer partners. That said, Citi ThankYou Points are still very valuable and have their own unique advantages.
Here’s a breakdown of the rewards-earning categories each card offers:
|Citi Premier Card
|Capital One Venture X Card
|3x ThankYou Points
|2x Capital One miles
|3x ThankYou Points
|2x Capital One miles
|3x ThankYou Points
|2x Capital One miles
|3x ThankYou Points
|2x Capital One miles
|3x ThankYou Points
|2x Capital One miles
|Hotels and Car Rentals Purchased Through Capital One Travel
|10x Capital One miles
|Flights Purchased Through Capital One Travel
|5x Capital One miles
|1x ThankYou Points
|2x Capital One miles
We value Capital One miles at around 1.8 cents each and Citi ThankYou Points at about 1.6 cents each.
By earning 3x Citi ThankYou Points, you’re getting a 4.8% return on your spending. By earning 10x Capital One miles through Capital One Travel, you’re getting an 18% return on spending, which is astonishing. Earning 5x Capital One miles translates to a 9% return on spending, and 2x Capital One miles equals a 3.6% return on spending.
The Citi Premier card earns a superior amount of rewards on common spending categories including gas stations, restaurants, and supermarkets, while the Capital One Venture X card outperforms on Capital One Travel transactions, as well as miscellaneous purchases such as sporting goods, entertainment, online shopping, insurance premiums, health care, and more.
The Capital One Venture X card also carries the extra benefit of an annual cardmember anniversary bonus of 10,000 Capital One miles (which we value at $180).
In this section, we’ll walk you through some of the best redemption options with each card:
|Citi Premier Card — ThankYou Points
|Capital One Venture X Card — Capital One Miles
|Transfer to Airline and Hotel Partners
|Redeem for Travel via Card’s Travel Portal
|Yes, at a value of 1 cent per point
|Redeem for Cash
|Shopping at Specific Retailers
You can redeem Capital One miles and Citi ThankYou Points for a variety of rewards, but you’ll get the best value when transferring them to airline and hotel loyalty programs for award travel. In particular, redeeming for long-haul business and first class flights or luxury hotels will typically get you the best redemption value.
Luckily, with either currency, there are plenty of ways to use Citi ThankYou Points and Capital One miles. Not all partners are shared between programs — Capital One miles has a partnership with Wyndham Rewards that Citi does not. Similarly, Citi has a partnership with Thai Airways Royal Orchid Plus that Capital One does not.
For example, you can transfer 70,000 Capital One miles to British Airways Avios to book a one-way Qatar Airways Qsuites flight from the U.S. to the Middle East, which easily sells for more than $5,000. You can also transfer 27,500 Citi ThankYou Points per night to Choice Privileges (at a 1:2 ratio) for a stay at Grand Fiesta Americana Los Cabos All Inclusive Golf & Spa, which routinely sells for more than $600 per night!
There are other ways to redeem Capital One miles and Citi ThankYou Points, like gift cards and online shopping, but these methods will yield a variable, and lower, redemption value. As an example, you can use Capital One miles for a statement credit to cover travel purchases from the previous 90 days at a flat redemption value of 1 cent per mile. You can also redeem Capital One miles and Citi ThankYou Points at a flat value of 1 cent per point for travel bookings made through each card’s travel portal. The Citi Premier card allows you to redeem points for cash-back at a rate of 1 cent per point, while you’ll only get 0.5 cents per point for cash-back with Capital One miles.
The major statement credit benefit offered by the Citi Premier card is the annual hotel savings benefit, which gets you $100 back on a single hotel stay of $500 or more, excluding taxes and fees booked through thankyou.com.
In comparison, the Capital One Venture X card has 2 types of statement credits:
Typically, the most obvious area where an ultra-premium card like the Capital One Venture X card sets itself apart from a mid-tier premium card like the Citi Premier card is through travel benefits and protections.
We’ll walk you through the specifics in this next section.
The Capital One Venture X card offers multiple airport lounge benefits.
This includes unlimited access to Capital One Lounges and Plaza Premium Lounges for the primary cardholder and 2 guests. Additionally, the Capital One Venture X card includes a complimentary Priority Pass Select airport lounge membership.
These benefits mean you can access 1,300+ lounges globally just from your Capital One Venture X card.
The Citi Premier card does not provide any airport lounge benefits.
The Capital One Venture X card also offers benefits at hotels and with rental car agencies. To start off, if you hold the Capital One Venture X card, you’ll get access to the Premier Collection, a hand-picked portfolio of hotels and resorts where you can enjoy:
Remember, all hotel stays booked through Capital One Travel with the Capital One Venture X card earn 10x miles!
Another lesser-known hotel benefit of the Capital One Venture X card (at least until January 19, 2024) is with Gravity Haus — a lifestyle membership program where you can use your card to get a $300 discount towards hotel stays at top ski resorts, access to exclusive events, and ski or snowboarding gear discounts.
Additionally, you will get complimentary Hertz President’s Circle status, which is Hertz’s top-tier elite status. This gets you guaranteed upgrades, the widest selection of cars through Ultimate Choice, and a 50% bonus on earning points.
The Citi Premier card doesn’t offer any hotel and rental car program benefits besides some cookie-cutter World Elite Mastercard inclusions, such as access to the Mastercard luxury hotel and resorts portfolio.
With the Citi Premier card, you’ll get a $5 credit once per month after you take 3 rides with Lyft in a month.
There are no rideshare benefits on the Capital One Venture X card.
The Capital One Venture X card offers excellent rental car insurance that’s primary coverage. Just decline the rental car company’s loss damage waiver or collision damage waiver (LDW or CDW) and use your card to pay for the car rental. After that, you’ll get coverage for theft or damage to the rental car (excluding liability).
The Citi Premier card does not offer rental car insurance.
The Capital One Venture X card covers you, your spouse, and your dependent children for prepaid and nonrefundable arrangements that are canceled or interrupted due to a covered reason when you use your card to purchase your common carrier ticket (such as your airline ticket).
The Citi Premier card doesn’t come with any trip interruption or cancellation insurance.
If you purchase your common carrier ticket with the Capital One Venture X card and your trip is delayed for more than 6 hours or requires an overnight stay, you, your spouse, and your dependent children under the age of 22 can get up to $500 in trip delay reimbursements.
This is limited to a maximum of 1 claim per trip.
The Citi Premier card doesn’t have trip delay reimbursement.
While you’re traveling, if the common carrier loses your luggage, you can use the Capital One Venture X card to file for reimbursements for your lost luggage.
You’ll be out of luck with the Citi Premier card, though. There’s no lost luggage insurance offered through the card.
The Capital One Venture X card covers you with its worldwide common carrier travel accident insurance. This includes accidental loss of life, limb, sight, speech, or hearing while traveling on a common carrier.
The Citi Premier card doesn’t offer travel accident insurance.
With the Capital One Venture X card, you have access to travel and emergency assistance services, which provide assistance and referrals only (you’d be responsible for all costs incurred) for these specific needs:
The Citi Premier card doesn’t offer travel and emergency assistance services.
Hot Tip: Learn more about coverages in our full list of travel insurance benefits for the Capital One Venture X card.
The Capital One Venture X card is one of the few cards offering cell phone insurance. When you use this credit card to pay for your monthly cellular bill you’ll enjoy cell phone protection for any covered theft, damage, or involuntary or accidental parting of your cell phone.
The Citi Premier card doesn’t have cell phone insurance.
When you use the Capital One Venture X card to make purchases, you can utilize return protection if your return request is denied by the original merchant.
As long as you attempt the return within 90 days of the original purchase, you can get up to $300 per item in return protection, up to $1,000 per calendar year.
The Citi Premier card doesn’t have return protection.
Purchase protection can certainly come in handy if you purchase something that’s stolen or damaged shortly after you purchased it.
The Citi Premier card, by virtue of its World Elite Mastercard status, gets you purchase protection of up to $10,000 per item and a maximum of $50,000 per calendar year on eligible incidents that occur within 90 days of the original purchase.
Capital One calls their version of this “purchase security,” but it’s essentially the same thing. In the case of the Capital One Venture X card, as long as the incident occurs within 90 days after the purchase date.
The Citi Premier card has an awesome extended warranty policy through World Elite Mastercard that gets you up to 24 additional months of warranty coverage for a maximum of 7 total years after the purchase date. There’s a coverage cap of $10,000 per item.
The Capital One Venture X card gets you 1 additional year on eligible warranties of up to 3 years, which means there’s a maximum total coverage of 4 years, including the extended warranty.
When you use the Citi Premier card, there’s an awesome benefit whereby you can create Virtual Account Numbers, which is super useful when shopping online so that your actual credit card number is hidden.
The same is true with the Capital One Venture X card — this benefit is called Virtual Card Numbers, and it’s done through the 24/7 Capital One virtual assistant known as Eno.
Both the Citi Premier card and Capital One Venture X card (rates & fees) have no foreign transaction fees.
In this final section, we’ll go over the critical fees to be mindful of with both cards. We’ll also wrap up with the benefits that authorized users get on each card.
There’s a $395 annual fee (rates & fees) on the Capital One Venture X card and a $95 annual fee on the Citi Premier card.
The Citi Premier card has no additional annual fees for authorized users at all, and there are also no additional annual fees for authorized users on the Capital One Venture X card (rates & fees).
Authorized users on the Citi Premier card enjoy almost all of same benefits as the primary cardholder, save for the $100 annual hotel savings benefit and any welcome bonuses.
One of the most amazing features of the Capital One Venture X card is the immense benefits that are available to authorized users, of which 4 can be added with no additional annual fees.
Each authorized user on the Capital One Venture X card can enjoy a complimentary Priority Pass Select airport lounge membership, access to Capital One Lounges and Plaza Premium Lounges (including 2 additional guests traveling with the authorized user), Hertz President’s Circle status, all Visa Infinite perks and protections, and the same earning structure as the primary cardholder.
Authorized users will not get their own up-to-$300 Capital One Travel credit, Global Entry or TSA PreCheck application fee reimbursement, or 10,000-mile anniversary bonus. They will also not get their own welcome bonus.
The Capital One Venture X card is an absolute heavy-hitter when it comes to benefits and rewards, especially if you plan on adding authorized users. That being said, it does have a significant annual fee (rates & fees) that can’t be ignored.
The Citi Premier card, on the other hand, has a much milder annual fee and some truly impressive rewards categories, including supermarkets, gas stations, and restaurants. However, this card is really light on the travel benefits.
Nevertheless, either of these cards could fit into the right person’s wallet.
If you think you can use the premium benefits of the Capital One Venture X card often enough to justify the annual fee (rates & fees), then it could be a solid pick. But if you don’t need extensive travel benefits and want a card with a reasonable annual fee and great points-earning capabilities, then the Citi Premier card may be best for you.
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.
Enrollment required through Capital One website or mobile app. Upon enrollment, eligible cardholders will remain at upgraded status level through December 31, 2024. Please note, enrolling through the normal Hertz Gold Plus Rewards enrollment process (e.g. at Hertz.com) will not automatically detect a cardholder as being eligible for the program and cardholders will not be automatically upgraded to the applicable status tier. Additional terms apply.
In general, you need a great credit score to qualify, though it’s not impossible for someone with a good credit score to qualify. For the best odds, we recommend having a credit score of at least 720 before applying, as well as fewer than 6 hard credit inquiries in the last 12 months.
The Capital One Venture X card is marketed to those with excellent credit, usually with FICO scores of at least 760. However, it may be possible to get approved with a good credit score of at least 700.
Also, Capital One pulls credit reports from all 3 major bureaus, so it’s better to be nearly certain you’ll get approved before submitting an application.
In general, downgrading your Capital One Venture X card is possible and fairly easy to do. Just call the number on the back of your card, and the live agent will present the downgrade options to you.
For some reason, though, downgrade options don’t appear to be consistent across the board. Some people report not being able to downgrade to the Capital One Venture Rewards Credit Card, only the Capital One VentureOne Rewards Credit Card, for instance.
Yes! You can downgrade your Citi Premier card easily by calling the number on the back of your card.
We believe that the Capital One Venture X card is totally worth having — but you’ll want to make sure you can make good use of at least a few of the card’s benefits. The card earns rewards quickly and provides many luxury travel benefits.
Yes, the Capital One Venture X card is a Visa card. The Citi Premier card is a Mastercard.
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UP's Bonus Valuation
This bonus value is an estimated valuation calculated by UP after analyzing redemption options, transfer partners, award availability and how much UP would pay to buy these points.