Capital One Venture X Rewards Credit Card Review

The Capital One Venture X Rewards Credit Card is worth it for frequent travelers. You can easily recoup the card’s $395 annual fee just by redeeming the annual $300 travel credit and 10,000 bonus miles. Plus, you’ll get a premium earning rate on travel purchased through the Capital One Travel portal and a higher-than-average 2X miles for all other purchases.

The Capital One Venture X Rewards Credit Card comes with a slew of valuable travel protections, including trip cancellation insurance and lost luggage reimbursement. If lounge access is what you’re after, this card might be your best bet. It’s one of the most affordable options for premium lounge access if you use the yearly travel credits and bonuses to cancel out the $395 annual fee.

That said, more expensive premium cards like The Platinum Card^® from American Express offer even more perks like additional travel credits and complimentary Hilton and Marriott elite status (enrollment required). If you have the budget for a pricier card and are looking for top-of-the-line travel perks, you should consider another travel card instead.

The Capital One Venture X Rewards Credit Card offers new cardmembers a huge sign-up bonus:
Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel.

Capital One miles are worth around 1 cent per mile when redeemed for travel, so this bonus is worth about $750 (or more, with the right travel transfer partner).

High rewards rates on travel make the Capital One Venture X Rewards Credit Card one of the best premium travel cards on the market. If you’re looking for a card that will allow you to earn top rewards rates on flights, hotels and rental cars with a lower annual fee than most premium cards, this card should be on your shortlist. You’ll be able to earn 10X miles on hotel bookings – a rate that rivals that of hotel rewards cards – without losing out on your hotel points. Note that you will need to book via the Capital One Travel portal in order to earn these high rewards rates.

The Capital One Venture X Rewards Credit Card also stands out when it comes to its rewards rate on all purchases. Most other premium travel cards only give you 1X points per dollar, but the Capital One Venture X Rewards Credit Card offers 2X miles per dollar on every purchase. This means you’ll be able to rack up the miles quickly if you spend a lot on purchases outside of travel.

Capital One miles are easy to redeem. You can turn your miles into travel statement credits or transfer them to a Capital One travel partner to squeeze the most value out of your rewards. Just like Chase Ultimate Rewards® and American Express Membership Rewards, Capital One has its own set of transfer partners that allow cardholders to maximize their rewards for at least 1 cent per mile.

That said, you also have several other redemption options available to you. Just know that they might not be as valuable:

Transferring miles to a transfer partner

You can transfer your Capital One Venture X Rewards Credit Card miles to 18 travel partners, typically at a 1:1 ratio. Unlike Chase and Amex, Capital One doesn’t currently partner with a major U.S. airline. That said, it does have some great airline partners, like Air Canada Aeroplan.

With a little savvy spending, you can get more than 1 cent in value per mile with most of these partners.

Capital One airline partners

Capital One hotel partners

Among the top benefits of the Capital One Venture X Rewards Credit Card are the variety of travel credits for cardholders. These credits fully offset the card’s annual fee:

• Up to a $300 annual credit for bookings made on Capital One Travel. This is one of the most valuable travel credits offered by a travel card, but you have to use it on Capital One Travel. While Capital One’s travel site does offer a wide variety of options, you won’t be able to compare prices from other sites to snag the best deal. For a more flexible travel credit that’s easier to redeem, check out the Chase Sapphire Reserve^®.
• $100 credit for either TSA PreCheck® or Global Entry. The Capital One Venture X Rewards Credit Card offers up to a $100 credit to cover your application fee for TSA PreCheck® or Global Entry. You should apply this travel credit toward your Global Entry application fee, since Global Entry includes TSA PreCheck®.
• 10,000 bonus miles every account anniversary. The Capital One Venture X Rewards Credit Card gives members 10,000 bonus miles every account anniversary, which is equal to $100 toward travel. This annual gift will give you a little something to kickstart your travels each year (and help alleviate the annual fee).

The Capital One Venture X Rewards Credit Card comes with a number of travel and purchase protections designed to offer you some peace of mind.

• Trip cancellation and interruption insurance: You’ll get trip cancellation and interruption insurance when you book your trip using your card.
• Extended warranty protection: Eligible products you purchase with your card will automatically get extended warranties.
• Return protection: Cardholders get 90 days of return protection for purchases made using your card.
• Cell phone protection: When you pay your cell phone bill using your card, your phone is automatically protected for the following month. That means you can get reimbursed if your cell phone is stolen or damaged. You’ll pay a $50 deductible.
• Lost luggage reimbursement: Your bags will be covered against carrier-caused loss or theft when you book your trip with your card.
• Auto rental collision damage waiver: When you decline the auto insurance offered by the rental agency and book your car rental using your card, you’ll receive automatic car rental coverage.

• High annual fee.

  You’ll have to contend with a high annual fee. Keep in mind, though, that the travel credits you receive with the Capital One Venture X Rewards Credit Card more than make up for the $395 annual fee. Other premium credit cards charge more.

  *To see rates & fees for Capital One Venture X Rewards Credit Card, please click here.

• No automatic hotel elite status.

  Most other premium travel credit cards offer automatic hotel elite status, but this is missing from the Capital One Venture X Rewards Credit Card’s list of benefits. The Platinum Card^® from American Express, for example, offers both Marriott and Hilton elite status through card membership (enrollment required).

• No major U.S. airline travel partners.

  While Capital One boasts 18 travel partners, none of its partner airlines are U.S. carriers. Competitor cards like the Chase Sapphire Reserve^® have transfer partners like JetBlue, Southwest and United.

• Travel credit and benefits tied to travel portal.

  In order to use the $300 annual travel credit and earn high rewards rates on travel purchases, you’ll need to book through Capital One Travel. While the Capital One Travel portal has plenty of options, you may find this restriction frustrating if you are used to looking for the best deal on every flight or hotel reservation.

Capital One Venture X Rewards Credit Card vs. The Platinum Card^® from American Express

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The Platinum Card^® from American Express

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Rates & Fees

| Terms Apply

The Platinum Card^® from American Express

Intro Purchase APR N/A

Regular Purchase APR See Pay Over Time APR

Annual Fee $695

Rewards Rate 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel on up to $500,000 on these purchases per calendar year and 5X Membership Rewards® points on prepaid hotels booked with American Express Travel. Terms apply.… Read More

Highlights

• Earn 80,000 Membership Rewards® Points after you spend $8,000 on eligible purchases on your new Card in your first 6 months of Card Membership.
• Earn 5X Membership Rewards® Points for flights booked directly with airlines or with American Express Travel up to $500,000 on these purchases per calendar year and earn 5X Membership Rewards® Points on prepaid hotels booked with American Express Travel.
• $200 Hotel Credit: Get up to $200 back in statement credits each year on prepaid Fine Hotels + Resorts® or The Hotel Collection bookings through American Express Travel using your Platinum Card®. The Hotel Collection requires a minimum two-night stay.
• $240 Digital Entertainment Credit: Get up to $20 back in statement credits each month on eligible purchases made with your Platinum Card® on one or more of the following: Disney+, a Disney Bundle, ESPN+, Hulu, The New York Times, Peacock, and The Wall Street Journal. Enrollment required.
• The American Express Global Lounge Collection® can provide an escape at the airport. With complimentary access to more than 1,400 airport lounges across 140 countries and counting, you have more airport lounge options than any other credit card issuer on the market. As of 03/2023.
• $155 Walmart+ Credit: Save on eligible delivery fees, shipping, and more with a Walmart+ membership. Use your Platinum Card® to pay for a monthly Walmart+ membership and get up to $12.95 plus applicable taxes back on one membership (excluding Plus Ups) each month.
• $200 Airline Fee Credit: Select one qualifying airline and then receive up to $200 in statement credits per calendar year when incidental fees are charged by the airline to your Platinum Card®.
• $200 Uber Cash: Platinum Card® Members can get out and about and explore their local area with $15 in Uber Cash for US rides each month, plus a bonus $20 in December. That can be up to $200 in annual Uber savings. Simply download the Uber app and add your Platinum Card® to your Uber account to get started. Available to Basic Card Member only. Effective 11/8/2024, an Amex Card must be selected as the payment method for your Uber or Uber Eats transaction to redeem the Amex Uber Cash benefit.
• $199 CLEAR® Plus Credit: CLEAR® Plus helps to get you to your gate faster at 50+ airports nationwide and get up to $199 back per calendar year on your Membership (subject to auto-renewal) when you use your Card. CLEARLanes are available at 100+ airports, stadiums, and entertainment venues.
• Receive either a $120 statement credit every 4 years for a Global Entry application fee or a statement credit up to $85 every 4.5 years for a TSA PreCheck® (through a TSA official enrollment provider) application fee, when charged to your Platinum Card®. Card Members approved for Global Entry will also receive access to TSA PreCheck at no additional cost.
• Shop Saks with Platinum: Get up to $100 in statement credits annually for purchases in Saks Fifth Avenue stores or at saks.com on your Platinum Card®. That's up to $50 in statement credits semi-annually. Enrollment required.
• Unlock access to exclusive reservations and special dining experiences with Global Dining Access by Resy when you add your Platinum Card® to your Resy profile.
• $695 annual fee.¤
• Terms Apply.

Recommended Credit

Credit scores ranges may vary. Your individual chance at approval may vary due to factors such as creditors using a particular variation at their discretion

660 720 850

Good / Excellent

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Show Detailsfor Citi Double Cash Card

While it’s more expensive than the Capital One Venture X Rewards Credit Card, The Platinum Card^® from American Express is the better choice if you’re seeking luxury travel benefits. Travel perks and credits include:

• Access to exclusive American Express Centurion Lounges
• Up to $240 digital entertainment credit (enrollment required)
• Complimentary Hilton Honors and Marriott Bonvoy elite status (enrollment required)

The two cards offer comparable welcome offers and earning rates. Keep in mind that the points that you earn with The Platinum Card^® from American Express are more valuable thanks to the wide variety of Amex travel partners.

Capital One Venture X Rewards Credit Card vs. Chase Sapphire Reserve^®

How Does LendingTree Get Paid? How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appears on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

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Chase Sapphire Reserve^®

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Chase Sapphire Reserve^®

Intro Purchase APR N/A

Regular Purchase APR 21.99% - 28.99% Variable

Annual Fee $550

Rewards Rate Earn 5x total points on flights and 10x total points on hotels and car rentals when you purchase travel through Chase Travel℠ immediately after the first $300 is spent on travel purchases annually. Earn 3x points on other travel and dining & 1 point per $1 spent on all other purchases.… Read More

Highlights

• Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
• $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year.
• Earn 5x total points on flights and 10x total points on hotels and car rentals when you purchase travel through Chase Travel℠ immediately after the first $300 is spent on travel purchases annually. Earn 3x points on other travel and dining & 1 point per $1 spent on all other purchases
• Get 50% more value when you redeem your points for travel through Chase Travel℠. For example, 60,000 points are worth $900 toward travel.
• Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2027.
• 1:1 point transfer to leading airline and hotel loyalty programs
• Access to 1,300+ airport lounges worldwide after an easy, one-time enrollment in Priority Pass™ Select and up to $100 application fee credit every four years for Global Entry, NEXUS, or TSA PreCheck®
• Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
• Member FDIC

Recommended Credit

Credit scores ranges may vary. Your individual chance at approval may vary due to factors such as creditors using a particular variation at their discretion

720 850

Excellent

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Show Detailsfor Citi Double Cash Card

While the Capital One Venture X Rewards Credit Card gives it a run for its money, the Chase Sapphire Reserve^® still holds the title of the most flexible luxury travel card. For a higher $550 annual fee, the Chase Sapphire Reserve^® offers a broader list of travel transfer partners, including United and Southwest. It also has a more flexible $300 travel credit that applies to most travel purchases. Your account will be credited automatically when you make a purchase that counts as travel.

Your Chase Ultimate Rewards® points are worth more, too. You can redeem your points for travel through Chase Travel^SM to get a 50% bonus. Plus, you can pair it with other Chase cards to get points in extra spending categories. This flexibility makes the points you earn with the card generally more valuable than Capital One Venture miles.

The Chase Sapphire Reserve^® offers many of the same benefits as the Capital One Venture X Rewards Credit Card, so the choice between the two mostly comes down to whether you think the extra flexibility (and extra points via other Chase cards) justifies the higher annual fee.

Capital One Venture X Rewards Credit Card vs. Chase Sapphire Preferred^® Card

How Does LendingTree Get Paid? How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appears on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

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Chase Sapphire Preferred^® Card

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Chase Sapphire Preferred^® Card

Intro Purchase APR N/A

Regular Purchase APR 20.99% - 27.99% Variable

Annual Fee $95

Rewards Rate Enjoy benefits such as 5x on travel purchased through Chase Travel℠, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases, $50 Annual Chase Travel Hotel Credit, plus more.… Read More

Highlights

• Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
• Enjoy benefits such as 5x on travel purchased through Chase Travel℠, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases, $50 Annual Chase Travel Hotel Credit, plus more.
• Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Travel℠. For example, 60,000 points are worth $750 toward travel.
• Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
• Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2027.
• Member FDIC

Recommended Credit

Credit scores ranges may vary. Your individual chance at approval may vary due to factors such as creditors using a particular variation at their discretion

720 850

Excellent

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Show Detailsfor Citi Double Cash Card

If you care less about lounge access and more about collecting points for travel, the Chase Sapphire Preferred^® Card is a lower-cost alternative to the Capital One Venture X Rewards Credit Card.

Though it’s not considered a premium credit card, the Chase Sapphire Preferred^® Card is one of the top travel credit cards on the market. It only charges a $95 annual fee and offers a similar rewards rate.

Like the Chase Sapphire Reserve^® card, the points you earn with the Chase Sapphire Preferred^® Card are very flexible and valuable. They can be transferred to the same set of travel partners.

If you spend at least $400 on travel every year and don’t need every luxury travel perk on the market, the Capital One Venture X Rewards Credit Card might be the right travel card for you. You’ll earn miles on everyday purchases – even non-travel expenses – and recoup the annual fee with recurring travel credits. Plus, you can add authorized users to your account for free, which is an unusual perk for premium travel cards.

For travelers who want a lower annual fee, the Chase Sapphire Preferred^® Card or another, less expensive travel card might be a better option.