Rewards Plan
Sign up Bonus
Credit Rating
0% Intro
Annual Fee
APR
- Impressive Credit Limit:
- Minimal Fees
- Limited Reporting
- No Instant Approval
On Capital one Secure Website
Rewards Plan
Sign up Bonus
0% Intro
PROS
- Impressive Credit Limit:
- Minimal Fees
CONS
- Limited Reporting
- No Instant Approval
APR
21.24% - 28.24% (Variable)
Annual Fee
$395
Balance Transfer Fee
3% for promotional APR offers, none for balances transferred at regular APR
Credit Requirements
Good - Excellent
The Capital One Venture X Rewards Credit Card is a premium travel card ($395 annual fee) and can be a perfect fit for travelers who want to extra travel perks such as airport lounge access, travel insurance protection, and special rental car privileges, in addition to a better rewards rates. This is the most premium card among Capital one credit cards.
The Venture X earns 10 miles per dollar on hotels and rental cars when booking via Capital One Travel, 5 miles per dollar on flights and 2 miles per dollar on all eligible purchases. New applicants can also get 75,000 bonus miles once you spend $4,000 on purchases within the first 3 months from account opening, and there is no foreign transaction Fee.
The card is mainly focused on travel and therefore, less relevant for those who are looking for everyday purchases rewards or rotating categories. Also, cardholders who aren't sure they can cover the high annual fee, need to look for a cheaper travel card.
- Statement Credit For Travel
- Capital One Travel Portal
- Better Rewards Rate
- Statement Credit For Vacation Rental
- Sign up Bonus
- No Upgrading or Elite Status
- Smaller Network
- Redeeming on Capital One Travel
How’s the card customer service availability?
Capital One has a customer service line that is available 24/7, so you can access help at any time of the day or night.
What are the top reasons NOT to get the Venture X Card?
The main reason not to get the Capital One Venture X is the higher annual fee. The fee is $395 and the card offers limited travel insurance options to offset this fee.
How long does it take for approval?
Capital One aims to give an approval decision within a few minutes, unless additional information is required to support your application. In this case, it can take a further 7 to 10 days. After approval, you should receive your card within 10 days.
How much miles can I earn?
There are no caps or limits to how many miles you can earn.
In this Review
Benefits
- Statement Credit For Travel
All Venture X reward members will get $300 back (annually) in their statement credits to be used for travel.
This is a great benefit if you want to travel and you need some financial help to do so. It’s also a great incentive to make sure you are taking your yearly trip.
This is a great bonus. For example, the Chase Sapphire Reserve annual travel credit is quite similar.
- Capital One Travel Portal
With smarter tools and thousands of trip options, Capital One Travel enables eligible Capital One cardholders to book with confidence. You will also have access to the all-new Capital One Lounge options.
- Better Rewards Rate
You get 10 miles per dollar on every hotel and car rental purchase. You also get 5 miles per dollar for flights and 2 miles per dollar on all other purchases.
This is much better rate compared to the Capital One Venture points rewards, where you can earn 2X miles per dollar on every purchase, plus 5X miles on hotels and rental cars booked through Capital One Travel .
As you can see you are getting way more points for travel-related purchases.
- Statement Credit For Vacation Rental
You can earn $200 in statement credits for vacation rentals such as Airbnb for the first you that you own the car.
This just adds to your vacation credits and all the different travel opportunities you get with this card.
- Sign up Bonus
The sign up bonus is quite high – 75,000 bonus miles once you spend $4,000 on purchases within the first 3 months from account opening. It equals $500 – $1,000 in purchases when redeeming.
For example, the Amex platinum welcome bonus includes 80,000 Membership Rewards® points after you spend $6,000 on purchases on your new Card in your first 6 months of Card Membership.
Drawbacks
- No Upgrading or Elite Status
There is no upgrading or elite status compared to other cards. No matter how long you own the card or how many points you use, you will always be at the same tier.
- Smaller Network
The airline and hotel partners are limited compared to other cards, although they have improved within the recent years with some additions. You might not be able to find the airline you normally fly with.
- Redeeming on Capital One Travel
You can only use the $300 annual statement credit for purchases made through Capital One travel, similar to Amex and Chase travel cards where you need to order via the Amex memebership club or the Chase ultimate rewards.
This means you can’t use it by booking travel on other websites. You will need to find your travel deals through the Capital One Travel credit card portal.
How To Apply For Venture X Rewards Card?
1. You can apply for the card through the Capital One website just like you would any other Capital One Credit Card. Make sure you have all your personal information available and make sure you have photocopies or pictures of your identification documents.
2. Once you’re ready to apply, you can start with the first page of the application where you will enter your personal information. This includes your name, date of birth, address, and telephone number. You will need to enter your social security number so that the company can check your credit score.
Make sure all these fields are correct so that you always get the most up-to-date information regarding your account and your card.
3. Then, you'll need to fill some financial information such as your job, expected expenses on your card and your annual income.
4. You'll have the option to add additional users, if you would like to do that so you need to add their details as well:
5. The last step is to review the terms and approve it. Capital One might ask for your passport or another government-issued ID.
What Are The Redemption Options?
Each time you use the card, you will earn miles. The miles you earn will depend on the purchase you are making. For example, hotels and car rentals earn 10 miles and other purchases will earn you 2 miles for every dollar.
One of the ways you can redeem your miles is to transfer the miles with a 1:1 ratio. You use 50,000 miles for business flights to South America or 7,500 miles for economy flights to Hawaii. Redeeming your flights for travel and airlines is one of the most lucrative ways to redeem your points.
Capital One also has more fixed value redemptions such as redeeming points for gift cards. They will be 1 cent per mile. You can also redeem them for cashback at 0.5 cents per mile. If you don’t want to use the loyalty program for travel, you can also pay off travel you already took for 1 cent per mile.
How To Maximize The Venture X Card?
It's important to maximize benefits in every card you use, especially when it comes to premium cards such as the VentureX card:
- Get the statement credit. Each year, you will be able to get a $300 statement credit if you spend a certain amount of money. Getting and using the statement credit is the best way to make sure your annual fee is covered since the annual fee is just a bit higher at $395.
- Use your miles wisely. There are some ways of redeeming points that are more lucrative than others. For example, cashback only gives you 0.5 cents per mile by travel, and gift cards give you 1 cent per mile.
- Sign up for the card during a bonus. From time to time Capital One will have welcome bonuses that give you miles if you spend a certain amount of money during the first 3 months. Make sure to get the card during this time so you get more miles at the beginning to use for travel and other purchases.
In Which Cases It’s Better to Skip?
This card is better to skip if you are wanting a card that gives you extreme perks with one airline instead. This card does not give you extensive loyalty to one airline, so you will not be able to earn points with one airline and use them each time.
Also, cardholders who aren't flying frequently and can't leverage the benefits this card offers, may want to shop around for a different travel card.
Compare The Alternatives
There are other travel cards worth mentioning, here are some of our best premium travel credit cards:
|
|
| |
|---|---|---|---|
The Platinum Card® from American Express | Chase Sapphire Reserve® | Citi Premier® Card | |
Annual Fee | $695. See Rates & Fees | $550 | $95 |
Rewards |
1X – 5X
5X points on up to $500,000 spent on directly-booked airfare and flights and prepaid hotels booked through American Express Travel (per calendar year), 2X points on prepaid car rentals through American Express Travel and 1X points on all other purchases
|
1X – 10X
5X total points on air travel and 10X total points on hotels, car rentals when you purchase through Chase Ultimate Rewards®, immediately after earning your $300 annual travel credit. Also, earn 3x points on dining at restaurants and travel (after meeting the $300 travel credit), then 1x points per dollar spent on all other purchases
|
1X – 3X
3X points per dollar on restaurant, supermarket, gas station, hotel and air travel purchases, and 1X points per dollar on all other purchases
|
Welcome bonus |
80,000 points
80,000 Membership Rewards® points after you spend $6,000 on purchases on your new Card in your first 6 months of Card Membership
|
60,000 points
60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening
|
60,000 points
60,000 points after you spend $4,000 in the first 3 months of account opening
|
Foreign Transaction Fee | 0%. See Rates & Fees. | 0% | None
|
Purchase APR | 20.49% – 27.49% Variable | 21.49% – 28.49% variable APR | 20.49% – 28.49% (Variable) |
FAQ
The Venture X is one of the best cards if you have excellent credit – so your income will be a factor for consideration, but it will not be the sole factor.
If proof of income is required to support your application, the card issuers will contact you with a list of acceptable documents.
Capital One requires that you complete a full application for the Venture X, which will involve a hard credit pull.
You can expect an initial credit limit of $5,000 to $30,000 with the Capital One Venture X.
The average value of Capital One miles is one cent per mile. This means that 10,000 miles would be worth $100. However, it may be possible to get a higher redemption rate with partner programs.
Review Travel Credit Cards
American Express Platinum
American Express Gold
Chase Sapphire Preferred
Chase Sapphire Reserve
Capital One Venture X Rewards
TD First Class Visa Signature
Bank of America Travel Rewards
Capital One Venture Rewards
