Capital One Venture and Venture X Business Cards Switching Payment Networks — What To Know

If you have a Capital One Venture Rewards Credit Card or a Capital One Venture X Business Card, you should be aware of a couple of recent changes to the cards that may affect their benefits.

The issuer has announced that the Capital One Venture card and Capital One Venture X Business card will be changing credit card payment networks.

Namely, the Capital One Venture card was converted from Visa to Mastercard, and the Capital One Venture X Business Card was switched from Mastercard to Visa.

Let’s look at the specifics and how it might affect you.

Popular Capital One Cards Changing Payment Networks

The issuer has made updates to a couple of well-known Capital One credit cards, including switching between the Visa and Mastercard processing networks.

In general, these changes are minimal for potential new applicants. However, if you’re someone who values the perks that come with a Visa Signature card or a card designated as a World Elite Mastercard, it’s worth mentioning that these changes might catch your attention.

The Visa Signature line of cards, including the Capital One Venture Rewards Credit Card, provides users with a range of benefits for a $95 annual fee. These include shopping benefits like purchase assurance, as well as access to travel assistance services.

In terms of World Elite Mastercard benefits, cards like the Capital One Venture X Business card offer a wide range of benefits via the Mastercard network, including cell phone protection, travel and emergency assistance services, and more. This card comes with a $395 annual fee.

New Minor Changes to Capital One Cards

Here are a few small but important changes you should know about.

Capital One Venture Card 

The Capital One Venture card will receive a small enhancement in its baggage insurance by transitioning from the Visa to the Mastercard network. Baggage insurance will now extend to include damaged luggage in addition to theft.

The card will now provide cardholders with trip cancellation and interruption coverage, which is a positive change. If the illness or death of the cardholder or an immediate family member causes the trip to be canceled or interrupted, cardholders may be eligible for up to $1,500 in reimbursement.

Finally, and perhaps one of the most significant rewards benefits, cardholders will be able to earn 5x miles per dollar on Capital One Entertainment purchases until December 31, 2025.

Capital One Venture X Business Card

At first glance, the shift from World Elite Mastercard to Visa may appear to result in a small decline in the ancillary benefits offered by the Capital One Venture X Business card.

One noticeable change is that the coverage on the cell phone protection is being reduced from $800 to $600. If your phone is stolen or damaged, you will now receive a maximum reimbursement of up to $600, with a $50 deductible.

Capital One Venture X Business card holders will no longer receive reimbursement for luggage that has been damaged. This benefit is applicable only in cases of theft or loss.

Additionally, until December 31, 2025, cardholders have the opportunity to earn 5x miles per dollar on Capital One Entertainment purchases.

Final Thoughts

Upon first glance, it doesn’t appear that many cardholders will be significantly impacted by these 2 well-known Capital One cards switching payment networks.

However, if you use any of the Visa Signature and World Elite Mastercard benefits that are included with these cards, you should be aware that these changes are occurring.

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