The Capital One Venture X Rewards Credit Card is a premium travel rewards card designed for frequent travelers who want to earn high rewards rates and enjoy exclusive benefits.
With a $395 annual fee, this card provides a range of perks that are ideal for those who want to maximize their travel experiences.
Cardholders earn 2x miles on every purchase, and the card offers a generous 100,000-mile bonus after spending $10,000 in the first 3 months.
This card is perfect for those looking for high rewards on travel, enhanced airport experiences, and extensive travel protections, all while enjoying premium service.
Reasons to Choose the Capital One Venture X Rewards Credit Card
High Rewards on Travel Purchases:
The Capital One Venture X Rewards Credit Card earns 5x miles on flights booked through Capital One Travel.
This high rewards rate is perfect for frequent travelers who book flights often, ensuring they can maximize their rewards potential.
Earn 2x Miles on All Purchases:
In addition to the 5x miles on travel purchases, the card also offers 2x miles on every other purchase, making it an excellent choice for everyday spending.
Whether you’re buying groceries, dining out, or making online purchases, you’ll earn valuable miles on almost everything you buy.
100,000-Mile Bonus:
New cardholders can earn 100,000 miles after spending $10,000 in the first 3 months from account opening.
This bonus can be redeemed for $1,000 in travel through the Capital One Travel portal, giving you a great head start on your rewards journey.
Access to Airport Lounges:
The Capital One Venture X Rewards Credit Card provides access to over 1,300 airport lounges, including Priority Pass lounges and the exclusive Capital One Lounges.
This is a significant perk for frequent flyers who want to relax in luxury before their flights.
$300 Annual Travel Credit:
Cardholders can receive a $300 annual travel credit that can be used for bookings made through Capital One Travel.
This travel credit effectively reduces the overall annual fee, making it an even better value for those who regularly book travel through the platform.
Complimentary Global Entry or TSA PreCheck:
The card offers a statement credit for either Global Entry or TSA PreCheck, which can save you time and enhance your travel experience by speeding up your airport security process.
Travel Insurance Benefits:
The Capital One Venture X Rewards Credit Card offers a variety of travel insurance benefits, such as trip cancellation insurance, travel accident insurance, and auto rental collision damage waiver.
These benefits provide peace of mind while traveling, ensuring that you are protected in case of unexpected events.
Negative Factors of the Capital One Venture X Rewards Credit Card
High Annual Fee:
The $395 annual fee can be a significant drawback for some cardholders.
While the card offers a variety of premium benefits, the high fee may not justify the rewards and perks for those who don’t travel frequently or use the benefits regularly.
Limited Travel Credit Redemption:
The $300 annual travel credit is only applicable to bookings made through Capital One Travel.
This could be limiting for those who prefer to book travel through other platforms or directly with airlines or hotels.
However, if you typically book through Capital One Travel, this credit can be quite valuable.
High Spending Requirement for Bonus:
The 100,000-mile bonus requires you to spend $10,000 in the first 3 months, which might be a high threshold for some cardholders.
While the bonus is generous, it could take time for many people to meet this spending requirement.
Foreign Transaction Fees:
The Capital One Venture X Rewards Credit Card does not charge foreign transaction fees, which is a positive feature.
However, for those who do not travel abroad often, the benefits of this feature may not be fully realized, making it a potential drawback for some users.
Complex Rewards Redemption:
Although the card offers valuable rewards, redeeming miles for travel through Capital One Travel may not be as simple as booking through other travel portals like Chase Ultimate Rewards or American Express Membership Rewards.
Some users may find the redemption process to be a bit cumbersome.
What Are the Requirements to Apply for the Capital One Venture X Rewards Credit Card?
To apply for the Capital One Venture X Rewards Credit Card, you must meet certain eligibility criteria:
Credit Score:
Applicants should have a good to excellent credit score, typically in the range of 700 or higher.
A higher credit score increases your chances of approval and may also result in better credit limits.
U.S. Residency:
You must be a U.S. citizen or legal resident to apply for the card. The application is only available to those who reside in the United States.
Income and Employment Information:
Capital One will ask for income and employment details to assess your ability to manage the card’s credit line.
While there is no specific income requirement, having a steady and sufficient income can help in the approval process.
Age Requirement:
You must be at least 18 years old to apply for the card, though some states may require applicants to be 21 or older.
Social Security Number (SSN):
A valid Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN) will be required for identification and credit history assessment.
Debt-to-Income Ratio:
A debt-to-income ratio that is too high may affect your approval chances. Lenders prefer applicants who demonstrate responsible financial behavior.
Fees and Costs
The Capital One Venture X Rewards Credit Card carries the following fees and costs:
- Annual Fee: $395
- Balance Transfer Fee: 3% of the amount of each transfer
- Cash Advance Fee: 3% of each cash advance, or $10, whichever is greater
- Late Payment Fee: Up to $40
- Returned Payment Fee: Up to $40
- Foreign Transaction Fee: $0 (No foreign transaction fees)
- APR:
- Purchase APR: 20.99% to 28.99% (Variable)
- Cash Advance APR: 29.99% (Variable)
- Penalty APR: 29.99% (Variable)
Frequently Asked Questions
How much do I earn with the Capital One Venture X Rewards Credit Card?
You earn 5x miles on flights booked through Capital One Travel, 2x miles on all other purchases, and 100,000 miles as a bonus after spending $10,000 in the first 3 months.
Does the Capital One Venture X Rewards Credit Card have an annual fee?
Yes, the card has an annual fee of $395.
What are the benefits of the Capital One Venture X Rewards Credit Card?
The card offers 5x miles on flights, 2x miles on all purchases, a $300 annual travel credit, access to 1,300+ airport lounges, and Global Entry/TSA PreCheck credit.
How do I redeem miles earned with the Capital One Venture X Rewards Credit Card?
You can redeem miles through the Capital One Travel portal or transfer miles to one of Capital One’s 15+ travel partners, including major airlines and hotel chains.
Is the Capital One Venture X Rewards Credit Card good for international travel?
Yes, the card has no foreign transaction fees, making it ideal for international travelers.
Conclusion
The Capital One Venture X Rewards Credit Card is an excellent choice for frequent travelers who want to earn high rewards on flights, hotels, and everyday purchases.
Its 100,000-mile bonus and $300 annual travel credit make it a valuable option for those who book travel regularly through Capital One Travel.
Additionally, the airport lounge access, travel insurance protections, and Global Entry/TSA PreCheck credit offer premium travel benefits that make the card worth considering for avid travelers.
