Edited by: Keri Stooksbury
& Stella Shon
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The Capital One Venture Rewards Credit Card and Capital One Venture X Rewards Credit Card are often confused with each other — and while the name of the cards only has a difference of 1 letter, they appeal to different types of travelers and spenders.
For those who have the Capital One Venture card and are considering getting the Capital One Venture X card, you’ll need to understand the upgrade process and application rules. While it’s possible to upgrade an existing Capital One Venture card to the Capital One Venture X card, not everyone will be eligible.
In this post, we’ll show you how to check your upgrade eligibility and whether or not an upgrade makes sense for you.
Both the Capital One Venture card and Capital One Venture X card offer strong travel benefits and lucrative rewards, but there are some important distinctions between the 2 cards.
Here’s what to expect with each card.
Get 2x miles plus some of the most flexible redemptions offered by a travel credit card!
As a frequent traveler with excellent credit, you’re always on the lookout for a credit card that comes with all the bells and whistles. And the easier it is to understand, the better!
The Capital One Venture Rewards Credit Card is one of the most popular rewards cards on the market. It’s perfect for anyone in search of a great sign-up bonus, high rewards rates, and flexible redemption options.
The Capital One Venture card offers a substantial rewards-earning structure that rivals many ultra-premium credit cards.
When spending with the Capital One Venture card, you’ll earn miles at the following rate:
Capital One Travel generally matches the cheapest available prices on hotels and rental cars, which makes it easy to earn 5x miles on those purchases.
Benefits of the Capital One Venture card also include a Global Entry or TSA PreCheck credit, 2 complimentary lounge visits per year to Capital One Lounges or participating Plaza Premium Lounges, Hertz Gold Plus Five Star status, purchase security, and no foreign transaction fees.
The Capital One Venture card comes with a modest annual fee of $95 (rates & fees).
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.
The Capital One Venture X card offers similar benefits to the Capital One Venture card but with a handful of important upgrades.
With the Capital One Venture X card, you’ll earn rewards at the following rate:
We value Capital One miles at 1.8 cents each, which means earning 10x miles on hotels and car rentals is equivalent to an astounding 18% return on spending.
Similar to the Capital One Venture card you’ll still get a Global Entry or TSA PreCheck credit. However, the lounge benefit is much better with the Capital One Venture X card as you’ll receive unlimited access to 1,300+ airport lounges worldwide for yourself and up to 2 guests at Capital One Lounges, and participating Plaza Premium and Priority Pass lounges in the Partner Lounge Network!
The Capital One Venture X card is great for booking luxury hotels because of its access to the Premier Collection which gets you a number of benefits at eligible properties, including a $100 experience credit, daily breakfast for 2, the ability to earn 10x miles on bookings, early check-in and late checkout (upon availability), and more.
Finally, you’ll also enjoy top-tier Hertz Gold Plus President’s Circle status on car rentals!
Of course, an essential element of the Capital One Venture X card is its robust travel insurance benefits that the Capital One Venture card can’t hold a candle to, including:
While the Capital One Venture X card comes loaded with benefits, it does have a hefty annual fee of $395 (rates & fees).
Here is a table summarizing the difference in benefits and features for both of these cards:
|Benefit||Capital One Venture Card||Capital One Venture X Card|
|Mileage-earning Rate for Hotels and Rental Cars Booked Through Capital One Travel||5x||10x|
|Mileage-earning Rate for Flights Booked Through Capital One Travel||2x||5x|
|$300 Capital One Travel Credit||No||Yes|
|Global Entry or TSA PreCheck Credit||Yes||Yes|
|Access to Capital One Lounges and Plaza Premium Lounges||2 complimentary lounge passes per year||Unlimited access|
|Priority Pass Select Airport Lounge Membership||No||Yes|
|Anniversary Renewal Bonus||No||10,000 miles|
|Access to the Premier Collection||No||Yes|
|Hertz Elite Status||Five Star||President’s Circle|
|Trip Interruption and Cancellation Insurance||No||Yes|
|Trip Delay Reimbursement||No||Yes|
|Auto Rental Collision Damage Waiver||Secondary||Primary|
Baggage Delay Reimbursement
|Travel Accident Insurance||Yes||Yes|
|Cell Phone Protection||No||Yes|
|Extended Warranty Coverage||Yes||Yes|
|No Foreign Transaction Fees||Yes||Yes|
|Authorized Users||Add cardholders to your account for no fee||Add cardholders to your account for no fee|
If you can make use of the travel benefits from the Capital One Venture X card, it’s a clear winner over the Capital One Venture card. The 10,000-mile anniversary bonus and $300 Capital One Travel credit alone are worth more than the $395 annual fee. Its other perks like cell phone protection, various travel insurance policies, and access to airport lounges can potentially add thousands of dollars of value to the card.
If you’re primarily focused on earning rewards on non-travel purchases and don’t find much value in the Capital One Venture X card’s travel perks, the Capital One Venture card may be the better fit for you with its lower annual fee.Hot Tip:
There are 2 ways to upgrade your Capital One Venture card to the Capital One Venture X card. However, it’s important to note that Capital One can be selective in allowing upgrades to the Capital One Venture X card. Unlike other banks, credit card upgrades with Capital One may be reserved for a select group of individuals.
Luckily, you can easily see if you qualify for an upgrade by either checking online or calling the number on the back of your card. Keep in mind that phone agents at Capital One can see the same exact offers as whatever you see online.
Follow these steps to check upgrade offers online:
1. Go to the Capital One homepage and log into your account.
2. Once you’re logged in, select your Capital One Venture card.
3. On your Capital One Venture card dashboard, you’ll see a row of buttons with buttons like View Statements, Manage Account Users, and I Want To…
4. Click the button that says I Want To… and that will prompt a pop-up box to appear with different buttons.
5. Find the button that says View Offers and Upgrades in the Offers and Upgrades section.
6. You’ll see any upgrade offers appear on this page. If you don’t see any offers, it means you were not targeted for an upgrade to the Capital One Venture X card.
So, should you upgrade your Capital One Venture card to the Capital One Venture X card? The answer depends on your own situation. Here are some reasons why you might want to upgrade:
If you’ve had your Capital One Venture card for at least 1 year, you should theoretically be eligible to upgrade to the Capital One Venture X card. However, Capital One may still not target you for an upgrade.
Keep in mind that you can only upgrade your card after you have had it open for at least 1 year due to the Credit CARD Act of 2009.
It’s likely that you won’t be able to hold both the Capital One Venture card and the Capital One Venture X card at the same time. So if you currently have the Capital One Venture card, getfing approved for the Capital One Venture X card through a new application may be difficult.
For this reason, the upgrade offer may be your best shot at converting your existing card to the more premium version.
In some cases, Capital One may actually reward you for upgrading your card with a hefty amount of bonus miles. For instance, you may be targeted for an offer where you can earn 75,000 miles after upgrading to the Capital One Venture X card and spending $4,000 in the first 3 months!
If you get an upgrade offer for the Capital One Venture X card that includes bonus miles it makes the value proposition of the change more clear, even if you may not use all of the card’s perks.
If you’re a big fan of the Capital One Venture X card’s travel benefits and find yourself eligible for an upgrade, you should absolutely take it. There aren’t many cards that earn at least 2x miles on all purchases, and even fewer cards that also offer airport lounge access, cell phone protection insurance, and more.
The easiest litmus test for deciding whether you should keep the Capital One Venture card or upgrade to the Capital One Venture X card is by asking yourself if you travel a lot. If your answer is yes, you should upgrade to the Capital One Venture X card. If you don’t travel much it’s likely best to keep your Capital One Venture card as is
Based on our experience, Capital One can be particularly brutal when you apply for a new card.
The bank only allows 1 application every 6 months (whether you’re approved or not) and also pulls credit reports from all 3 credit bureaus (Equifax, Experian, and TransUnion). So if you apply and get denied for a card you’ll get dinged with a hard inquiry at all 3 credit bureaus, whereas other banks typically only perform a hard inquiry with 1 credit bureau.
And if you apply for a new Capital One card and get denied, you can rule out applying for any new cards with the bank for the next 6 months.
Upgrading your card takes most of the guesswork out of making this change — you’re likely to be approved because Capital One has prescreened you for a specific upgrade offer.
Also, upgrades do not result in hard inquiries with Capital One, so you can preserve that portion of your credit report.
Upgrade offers are at the discretion of Capital One; in other words, only a certain group of cardholders are targeted to upgrade to the Capital One Venture X card. If you get an upgrade offer, consider yourself one of the lucky ones. Remember that you can check to see if you’re targeted for an upgrade offer by looking in your online account or calling Capital One.
All in all, there are plenty of different reasons why you’d want to upgrade your Capital One Venture card to the Capital One Venture X card.
Although the decision is subject to your own personal situation, we believe that frequent travelers would benefit when making the jump to the Capital One Venture X card. If you don’t think you’ll use the Capital One Venture X card’s travel benefits then you’re likely better off sticking with the Capital One Venture card.
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.
The information regarding the Capital One Venture Rewards Credit Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
The information regarding the Capital One Venture X Rewards Credit Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
The information regarding the Capital One Platinum Credit Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
Some cardholders are eligible to upgrade the Capital One Venture card to the Capital One Venture X card. However, this is dependent on whether you are targeted for an upgrade offer.
No, you can only earn referral bonuses if your friend or family member gets approved for the same card you have using the unique referral link you generate from your card and they are also a new Capital One cardholder.
You can upgrade your Capital One Venture card by either logging into your online account and accessing your Offers and Upgrades or by calling the number on the back of your card to speak with a live agent.
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