Capital One Venture X Card – Full Review [2021]

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Capital One Venture X Card – Full Review [2021]

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"Great all-in-one travel rewards card!"

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

Learn More (at Capital One's secure site)

The CapOne Venture X card is the newest premium travel rewards card on the block.

Points and miles fans will be surprised to see that the CapOne 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 CapOne Venture X card could very well end up being your go-to card in your wallet.

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
  • $300 annual travel credit on bookings made through Capital One Travel
  • 10,000 bonus miles awarded on your account anniversary each year
  • Priority Pass Select membership
  • Access to Capital One lounges
  • Global Entry/TSA PreCheck credit
  • Complimentary Hertz President’s Circle status
  • Cell phone insurance
  • Add authorized users for no additional annual fee
  • No foreign transaction fees
  • Rental car insurance
  • Travel protections
  • Extended warranty coverage

Cons

  • $395 annual fee
  • 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

CapOne Venture X - Snapshot

The Ideal Cardholder

Capital One Venture X Card
Image Credit: Capital One

For the most part, the most ideal cardholder of the CapOne Venture X card is someone who is looking for a 1-card setup when it comes to travel rewards, wants a premium card that offers lounge access, and doesn’t mind making all of their travel purchases through Capital One Travel.

The CapOne Venture X card could also be a good fit if you’re looking for a card that offers the following perks and benefits:

Annual Travel Credit and Bonus Points

While the CapOne Venture X card does charge a $395 annual fee, these 2 benefits alone will help take the sting out of that as each year you’ll get a $300 travel credit that can be used towards any purchase made through Capital One Travel. Plus, you’ll get 10,000 bonus miles added to your account, worth a minimum of $100 when redeemed towards cash-back — or even more when you transfer to the Capital One transfer partners.

Lounge Access

Like any good premium credit card, the CapOne Venture X card offers airport lounge access — a welcome perk for all types of travelers. With the card, you’ll get a Priority Pass Select membership, which grants you access to over 1,300 airport lounges worldwide.

Plus you’ll also receive access to Capital One’s very own lounge network. Though only 3 of these lounges have been announced so far, it appears that they will rival the quality of the massively popular American Express Centurion Lounges.

Global Entry/TSA PreCheck Credit

Global Entry and TSA PreCheck are easily 2 of the most useful benefits for travelers, as there are few things worse than standing in the standard security lines or customs lines at the airport. Global Entry and TSA PreCheck help you bypass the standard lines, giving you an expedited security experience.

Hertz Gold Plus Rewards Elite Status

CapOne Venture X cardholders can score some additional benefits on their Hertz rentals thanks to their complimentary Hertz President’s Circle status, which is usually only achieved after 15 rentals or $3,000 in spend.

Hertz President’s Circle includes the following benefits:

  • 1.5x points per $1 spent on rentals
  • Guaranteed car upgrades
  • Widest selection of cars to choose from
  • Free additional driver
  • Dedicated customer service line

Visa Infinite Travel Protections

Since the CapOne Venture X card is a Visa Infinite card, you’ll receive the following travel protections:

  • Primary Rental Car Insurance — Receive up to $75,000 in coverage due to damage caused by collision or theft.
  • Trip Cancellation and Interruption Insurance — If your trip is canceled or interrupted for a covered reason, you’ll receive reimbursement of up to $2,000 per insured trip for non-refundable expenses.
  • Trip Delay Insurance — If your trip is delayed by more than 6 hours, you’ll be covered for up to $500 in necessary expenses like lodging and meals.
  • Lost Luggage Insurance — If your checked or carry-on baggage is lost or stolen, you will be reimbursed up to $3,000.

Visa Infinite Shopping Protections

Cardholders also receive the following shopping protections when using their card:

  • Purchase Protection — If an item you purchased is stolen or damaged within 90 days of purchase, you’ll be covered for up to $10,000 per claim, up to $50,000 per year.
  • Return Protection — If you’ve purchased a product and the retailer won’t accept a return, you’ll receive coverage of up to $300 per item and $1,000 per year.
  • Extended Warranty Protection — If the product you purchased has a warranty of 3 years or less, you’ll receive an extra year of coverage for up to $10,000 per claim and up to $50,000 per cardholder.

Great Card If

  • You want an all-in-one premium travel card that offers strong rewards earning, lounge access, and access to transfer partners
  • You don’t mind making all of your travel bookings through Capital One Travel

Don't Get If

  • You book most of your airfare and hotels direct in order to earn elite status
  • You don’t want a credit card that charges an annual fee

CapOne Venture X - Fees

  • Foreign Transaction Fees
    $0
  • Interest Rates
    • 16.99% to 23.99% variable
  • Late fees
    • Up to $40
  • Balance Transfers
    • 16.99% to 23.99% variable
    • Fee: 3% of the amount of each transferred balance that posts to your account at a promotional APR. None for balances transferred at the Transfer APR.
  • Cash Advance APR
    • 23.99% variable
    • Fee: Either $10 or 3% of the amount of each cash advance, whichever is greater.

How To Earn More Capital One Miles

Capital One Venture X Card
Image Credit: Capital One

Booking Hotels and Rental Cars Through Capital One Travel

With the CapOne Venture X card, you’ll earn a whopping 10x miles per $1 on hotel and rental car purchases made through Capital One Travel. Given that we value Capital One miles at 1.6 cents per mile, this is effectively like earning a 16% return on these purchases!

Of course, there is the downside that by not booking directly with the hotel, you won’t earn redeemable hotel miles, nor will those stays count towards your elite status qualification with the chain, so this is definitely important to keep in mind if that is important to you.

Booking Airfare Through Capital One Travel

On airfare purchases made through Capital One Travel, you’ll earn 5x miles per $1. This is a very solid rewards rate that is in line with or better than many other premium cards, but again, flights purchased through the Capital One portal won’t count towards elite status.

All Other Purchases

One area where the CapOne Venture X card really shines is that it earns an uncapped 2x miles per $1 on all purchases. Usually, premium rewards cards earn just 1x mile per $1 on non-bonused purchases, causing savvy points travelers to add an “everywhere else” type card to their wallet to ensure they’re always earning as many miles/points as possible.

But those using the CapOne Venture X card could easily take a “one-card-fits-all” approach by knowing that they’ll earn 5x to 10x miles per $1 on travel purchases and an unlimited 2x miles per $1 on every other purchase.

Adding Additional Capital One Miles Cards

Capital One offers several other cards that earn Capital One miles that you could pair alongside your CapOne Venture X card, but it might not necessarily make sense to do so.

The reason being is that all other Capital One miles-earning cards offer between 1.25x to 2x miles per $1 on all purchases. Given that you’ll already be earning an uncapped 2x miles per $1 on all purchases with your CapOne Venture X card, you’ll probably need a very specific reason to add another card that has overlapping or worse rewards rates.

How To Use Capital One Miles for Max Value

Once you’ve built up a stash of Capital One miles, you’ll want to redeem them for as much value as possible. Fortunately, Capital One gives you quite a few options when it comes to redemption options.

Capital One Transfer Partners

Using the Capital One transfer partners is by far your best option if you’re looking to get as much value out of your miles as possible. After all, redeeming your miles this way will allow you to book first and business class flights for a mere fraction of the cash cost.

Capital One offers 16 different transfer partners for you to choose from, 14 of which can be transferred to at a 1:1 rate, including fantastic partners like Air Canada, Avianca, and Turkish Airlines.

Hot Tip: Need some ideas for great ways to redeem your Capital One miles? Read through our guide on the best ways to redeem your Capital One miles!

Capital One Travel

Just as you’ll receive 5x to 10x miles per $1 when making certain travel purchases through Capital One Travel, you can also redeem your miles straight through the portal as well. When you redeem this way, you’ll receive just 1 cent per mile in value, so it’s not quite as good of a value as you’ll get with transfer partners.

But what you lose in value you make up for in flexibility as your miles can be redeemed for literally any travel purchase with no blackout dates or award availability hoops to jump through.

Capital One Purchase Eraser

Have a travel purchase that you wanted to use points for but weren’t able to book it through the Capital One portal? Fear not, as Capital One allows you to redeem your miles by using Purchase Eraser to offset any travel purchases made with the card at a rate of 1 cent per mile.

Statement Credit

You’ll also have the ability to redeem your miles for cold hard cash-back, but at a rate of just 0.5 cents per mile. This is the worst redemption option from a value perspective, so you’ll want to opt for some of the other choices unless you really need the cash.

Gift Cards

Like most other travel loyalty programs, you’ll have the ability to redeem your miles for gift cards with select merchants, and you’ll usually receive anywhere from 0.8 cents to 1 cent per mile when doing so. Given that, this is one to skip if you’re trying to get as much value as possible.

Checkout With Amazon or PayPal

Lastly, if you have your CapOne Venture X card linked to your Amazon or PayPal account, you’ll have the option to use your miles as your method of payment when checking out via either platform. Redeeming your miles this way will also give you a value of 0.8 cents per mile — so it’s hardly the best use of them.

Bottom Line: Point blank, if you’re looking to get as much value as possible for your Capital One miles, then you should be redeeming them almost exclusively through the Capital One transfer partners.

Alternative Cards to the CapOne Venture X Card

Chase Sapphire Reserve®

In many ways, you’ll find the Chase Sapphire Reserve card to be pretty similar to the CapOne Venture X card. The Chase Sapphire Reserve card also offers 10x points per $1 on hotels and car rentals and 5x miles per $1 on flights purchased through the Chase portal, but it also offers 3x points per $1 on all other travel purchases and dining purchases.

While its annual fee is quite a bit higher, it also comes with benefits like an annual travel credit, a Priority Pass Select membership, a Global Entry credit, Lyft Pink membership, DoorDash DashPass, and much more. Plus, your points are worth 50% more when redeemed through the Chase travel portal.

The Platinum Card® from American Express

If you’re really looking for a premium card with premium benefits, it doesn’t get much better than the Amex Platinum card. While it does come with a hefty annual fee, it is absolutely loaded with perks.


For rates and fees of The Platinum Card® from American Express, click here.


Frequently asked questions

Is the CapOne Venture X card worth it?

That depends on your needs and travel goals! The CapOne Venture X card offers plenty of great perks and the lowest annual fee among all premium credit cards. That said, the 2 major bonus categories on the card require you to make your travel bookings through Capital One Travel. So as long as that is fine with you, then the CapOne Venture X card might be a perfect fit for you!

What lounges can you access with the the CapOne Venture X card?

With the CapOne Venture X card, you can access all Priority Pass lounges, plus all 3 Capital One lounges.

Does the CapOne Venture X card have an annual fee?

Yes, the CapOne Venture X card charges a $395 annual fee.

How can I redeem the miles from my CapOne Venture X card?

Capital One gives you multiple options when it comes to redeeming your miles, including transfer partners, Capital One Travel, Capital One Purchase Eraser, statement credits, and much more.

That said, those who are looking to get maximum value out of their miles should utilize the Capital One transfer partners.

How does the travel credit on the CapOne Venture X card work?

The $300 travel credit from the CapOne Venture X card can be used for any and all travel purchases made through Capital One Travel.

Do Capital One miles expire?

No, your Capital One miles should never expire as long as your account remains open and in good standing.

Jarrod West

About Jarrod West

Jarrod first became fascinated with the world of points and miles as the perfect way to visit dream destinations without breaking the bank. On his first major award trip, he spent 3 months traveling through Europe, financed nearly entirely with points; while flying in premium cabins and staying in 5-star hotels along the way. Now, he is on a mission to help others realize their travel goals and upgrade their travel experiences. Jarrod has been writing about credit cards and travel loyalty programs for 4 years, and his work has been featured by Travel and Leisure, Matador Network, Yahoo Finance, and U.S. News.

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