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6 things to do when you get the Capital One Venture X

April 30, 2022
12 min read
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We love credit cards that come with an array of perks — especially when they can outweigh the card's annual fee. When you maximize benefits on a credit card, it can mean the bank is essentially paying you to keep the card year after year. However, not using the perks means you're potentially paying a fee for no reason.

This definitely applies to the Capital One Venture X Rewards Credit Card. The card has a ton of perks, and you need to use as many of them as possible to justify the $395 annual fee.

The Venture X card also has a 75,000-mile welcome offer right now for those who spend $4,000 on purchases in the first three months of account membership. That bonus could be worth $1,388 according to TPG's latest valuations.

If you recently got the Venture X credit card, here are the things you should do now to unlock the card's full value.


Official application link: Capital One Venture X Rewards Credit Card with 75,000 miles after you spend $4,000 on purchases in the first three months of card membership.


Get access to over 1,300 airport lounges

(Photo by Wyatt Smith/The Points Guy)

Airport lounge access can play a major role in easing the stress of traveling, and Venture X cardholders can access two types of lounges simply by having the card. You'll need to enroll for access to the majority of these, though.

If you have the Venture X, you get unlimited access to Capital One lounges. This also applies to your authorized users on the card, along with complimentary entry for up to two guests per visit (children 2 and under are free). Additional guests are $45 each.

To gain access, simply show your boarding pass and Venture X card.

At present, the only Capital One Lounge open for guests is at Dallas Fort Worth International Airport (DFW). The lounge is in Terminal D, near Gate 22. Additional lounges are planned for Denver International Airport (DEN), located in Concourse A on the mezzanine level, and Dulles International Airport (IAD), located in the main terminal, just after the TSA PreCheck security line.

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Related: From Peloton to premium eats: A complete guide to Capital One’s airport lounges

The vast majority of lounges that Venture X cardholders can access come with Priority Pass Select membership. After enrolling and receiving your membership card, you and your guests will have access to over 1,300 lounges in airports worldwide. Enjoy free food, drinks, Wi-Fi, showers (in some locations) and a quiet space to stretch out while waiting for your flight. You can bring all guests traveling with you into Priority Pass lounges for free, so long as you have boarding passes for a same-day departure.

There are also restaurants that participate in Priority Pass. Unlike American Express, which removed these restaurants from its Priority Pass membership, Capital One provides access to these airport restaurants. Depending on the location, amounts vary, but as an example, my wife and I recently used this perk for $27 per person in credit at a restaurant in the Miami airport — enough for a free meal and drink each.

To enroll, simply visit this page and enter your 16-digit Venture X account number. Then, follow the prompts to complete your registration.

(Screenshot from Priority Pass)

Alternatively, you can access this page by logging in to your Capital One account, navigating to the benefits section and clicking on the Priority Pass icon.

Just note that it may take up to two weeks for the site to recognize your new card.

Incredibly, authorized users on your card also get Priority Pass membership, which leads us to the next point.

Add free authorized users

Adding your teenager as an authorized user can be an excellent way to help them build their credit, even at a young age. (Photo by Francesco Carta fotografo/Getty Images)

You can add up to four authorized users to your Venture X account for free. You'll be responsible for anything they charge to their cards, but all of the miles earned from their purchases will go into your rewards balance. If you're using your card responsibly, adding authorized users to your account can also help their credit scores.

The real benefit here is that you can share some of your best benefits with authorized users. Authorized users receive access to Capital One lounges and a Priority Pass membership of their own — with the same guest access as the cardholder. The best part is that there's no cost to add up to four authorized users to your card. Using the Capital One Lounge as an example, that means 15 people (you plus four authorized users along with two guests apiece) can enjoy visiting the lounge.

Fifteen people entering a lounge for free meals before a flight — all thanks to a single credit card with an annual fee of $395 — can't be understated.

Related: Credit cards with the greatest value for authorized users

Apply for Global Entry or TSA PreCheck

(Photo by Liz Hafalia/The San Francisco Chronicle/Getty Images)

No one likes waiting in line at airport security. Luckily, there's a way to speed up the process, and the Venture X can help you get it for free.

Global Entry and TSA PreCheck are programs designed to help pre-screened passengers get through security checkpoints more quickly. Global Entry applications cost $100, while TSA PreCheck applications cost $85. Each one is valid for five years.

Once every four years, Capital One will reimburse Venture X cardholders up to $100 as statement credits toward application fees for these programs. This credit is once per account, meaning authorized users do not get their own fee reimbursement.

If you're going to choose between one of these programs, I recommend Global Entry. That's because it includes TSA PreCheck benefits in addition to expedited screening when returning to the U.S. from another country.

Related: Global Entry tips: How to avoid waiting for an interview and get TSA PreCheck on your boarding passes

Change your method of payment on your cellphone bill

(Photo by Pornchai Jaito/EyeEm/Getty Images)

How much did you spend to buy your cellphone? For most of us, that answer is in the range of hundreds of dollars — though some top-of-the-line models can exceed $1,000. In short, phones aren't cheap. And the cost of replacing them after damage or theft can be painful.

If you pay your monthly cellphone bill with your Venture X card, you're automatically covered against damage and theft. This applies to every phone line listed on the bill, and coverage will kick in for the next calendar month after your payment.

Related: How I wasted $300 using the wrong card to pay my cellphone bill

Note that there are some limitations to this coverage:

  • You can file a maximum of two claims every 12 months.
  • The maximum coverage is $800 per claim.
  • There is a $50 deductible on each claim.
  • Coverage is supplemental, meaning you must first exhaust any other applicable policies (like renters insurance, for example).
  • The following are not covered:
  • Accessories, except the standard battery or antenna provided by the manufacturer.
  • Phones purchased for resale or business use.
  • Phones that are simply lost or misplaced.
  • Phones stolen from checked baggage.
  • Rented and borrowed phones.
  • Phones on a prepaid plan.
  • Cosmetic damage that does not affect the phone's functionality.

If your claim is related to theft of your cellphone, you need to file a police report within 48 hours to be eligible for the coverage from your Venture X card.

Activate rental car elite status

(Photo by Summer Hull/The Points Guy)

Over the last year or so, rental car agencies struggled with an unprecedented limited supply of cars. Elite status can be the difference between being able to reserve a vehicle or not, depending on where you’re trying to rent. The people waiting in line at the counter might be told that there are no more cars — while you head to the car that was set aside for you, thanks to your elite status.

And even if there are enough cars for everyone, you didn't have to wait in line to find out.

Venture X cardholders — including authorized users — receive complimentary Hertz President’s Circle status. This is the top tier in Hertz's Gold Plus Rewards program. You can expect benefits like complimentary upgrades, a wide selection of cars from which to choose in the parking lot, a free second driver and the ability to skip the line. Rather than waiting in line inside to sign forms and get the keys, just head straight to the parking lot, get in your reserved car and drive off.

There are three great elements of this perk that we should highlight. First, it also applies to your authorized users, which is another great reason to add up to four authorized users for free. Second, you can use your Hertz status to gain status with other companies, thanks to status matching.

Finally, and most importantly, you can actually stack this perk with the card's enhanced earning rates on car rentals as well as the annual $300 credit for purchases through the Capital One Travel portal.

Related: The complete guide to car rental elite status matches

And since your Venture X card provides primary rental car insurance, this is definitely a great card to use to pay for rentals. Cardholders can get up to $75,000 in coverage for damage caused by collision or theft to a rental car. This comes without the need to buy insurance from the rental company. The car rental insurance benefit is a Visa Infinite card feature.

Bonus: Use the $200 vacation rental credit

An Airbnb in Palm Beach, Florida. (Photo by Nick Ewen/The Points Guy)

If you applied for the Venture X on (or before) March 14, 2022, part of your initial welcome bonus was up to $200 in statement credits for vacation rentals, covering sites like Airbnb, Vrbo, TurnKey and Vacasa. This is available for the first year of cardmembership, so you'll want to make these purchases no later than 12 months after applying for the card.

Since these are statement credits, you'll need to spend first and then wait for reimbursement from Capital One on qualifying purchases. Capital One says reimbursement should come within a week but notes that it could take up to two billing cycles.

It doesn't all have to be in one purchase, either. If you take multiple trips at lower rates, you'll receive credits from Capital One until you cross the $200 threshold. The terms of the offer say this:

The $200 statement credit will be provided as a single credit if the purchase is greater than or equal to $200, or in multiple statement credits until the total vacation rental purchases are greater than or equal to $200.

And don't forget that you may be able to stack your earnings here. Always check if you can use a shopping portal or earn bonus miles on rentals to maximize your earnings and discounts.

Related: How to use the $200 vacation rental credit on the Capital One Venture X card

Bottom line

The numerous perks included on the Capital One Venture X Rewards Credit Card can seem daunting. Rather than leaving you wondering where to get started, we've compiled a list of six things you should do as soon as you receive your card. This should give you a jump-start on maximizing your benefits and offsetting the card's $395 annual fee.

The current welcome offer on the card is worth $1,388 based on TPG’s latest valuations, so that's a major incentive to open the card. However, if you can take advantage of the majority of perks and benefits offered by the Venture X, it should keep earning a spot in your wallet year after year.

Featured image by (Photo by Sulastri Sulastri/Shutterstock)
Editorial disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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TPG featured card

TPG Exclusive Offer
TPG Exclusive Offer
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
4 / 5
Go to review

Rewards

1 - 5X points
5XGet 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com
1.5XEarn 1.5X points on eligible purchases at US construction material & hardware suppliers, electronic goods retailers and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more everywhere else, on up to $2 million of these purchases per calendar year
1X1X points for each dollar you spend on eligible purchases.

Intro offer

Earn 150,000 points120,000 points
The Points Guy Exclusive Offer: Earn 150,000 Membership Rewards® points after you spend $15,000 on eligible purchases with the Business Platinum Card® within the first 3 months of Card Membership.

Annual Fee

$695

Recommended Credit

670-850
Good, Excellent
Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

Why We Chose It

It's hard to find a card that competes with the mile-long list of benefits that come with the Amex Business Platinum. While it's certainly not the card for the average consumer, a business owner with tons of expenses -- especially related to travel -- will find this card incredibly valuable. This card is similar to the consumer version that Amex offers, but with more business-oriented perks around statement credits and earning rates that are a better fit for business owners.

Pros

  • An up to $100 credit for Global Entry or TSA PreCheck application fee every four to five years
  • Up to $400 annual credit for eligible U.S. Dell purchases (enrollment required)
  • Gold status at Marriott and Hilton hotels (enrollment required)
  • Access to the Fine Hotels & Resorts program and Hotel Collection
  • Extended warranty protection
  • International Airline Program and Cruise Privileges Program

Cons

  • Steep annual fee
  • Difficulty meeting $15,000 welcome offer for smaller businesses
  • Limited high-bonus categories outside of travel
  • The Points Guy Exclusive Offer: Earn 150,000 Membership Rewards® points after you spend $15,000 on eligible purchases with the Business Platinum Card® within the first 3 months of Card Membership.
  • Get 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com, and 1X points for each dollar you spend on eligible purchases.
  • Earn 1.5X points (that’s an extra half point per dollar) on eligible purchases at US construction material & hardware suppliers, electronic goods retailers and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more everywhere else, on up to $2 million of these purchases per calendar year.
  • Unlock over $1,000 in annual statement credits on a curation of business purchases, including select purchases made with Dell Technologies, Indeed, Adobe, and U.S. wireless service providers.
  • $200 Airline Fee Credit: Get up to $200 in statement credits per calendar year for checked baggage fees, lounge day passes, and more at one selected airline.
  • $189 CLEAR® Credit: Use your Card and get up to $189 back per year on your CLEAR® membership. CLEAR® is available at more than 50 U.S. airports and stadiums.
  • The American Express Global Lounge Collection® can provide an escape at the airport. With more than 1,400 airport lounges across 140 countries and counting, you have more lounge location options than any other credit card on the market as of 9/2021.
  • $695 Annual Fee.
  • Terms Apply.
Apply for The Business Platinum Card® from American Express
at American Express's secure site
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TPG Exclusive Offer
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TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
4 / 5
Go to review

Rewards Rate

5XGet 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com
1.5XEarn 1.5X points on eligible purchases at US construction material & hardware suppliers, electronic goods retailers and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more everywhere else, on up to $2 million of these purchases per calendar year
1X1X points for each dollar you spend on eligible purchases.
  • Intro Offer
    The Points Guy Exclusive Offer: Earn 150,000 Membership Rewards® points after you spend $15,000 on eligible purchases with the Business Platinum Card® within the first 3 months of Card Membership.

    Earn 150,000 points
    120,000 points
  • Annual Fee

    $695
  • Recommended Credit
    Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

    670-850
    Good, Excellent

Why We Chose It

It's hard to find a card that competes with the mile-long list of benefits that come with the Amex Business Platinum. While it's certainly not the card for the average consumer, a business owner with tons of expenses -- especially related to travel -- will find this card incredibly valuable. This card is similar to the consumer version that Amex offers, but with more business-oriented perks around statement credits and earning rates that are a better fit for business owners.

Pros

  • An up to $100 credit for Global Entry or TSA PreCheck application fee every four to five years
  • Up to $400 annual credit for eligible U.S. Dell purchases (enrollment required)
  • Gold status at Marriott and Hilton hotels (enrollment required)
  • Access to the Fine Hotels & Resorts program and Hotel Collection
  • Extended warranty protection
  • International Airline Program and Cruise Privileges Program

Cons

  • Steep annual fee
  • Difficulty meeting $15,000 welcome offer for smaller businesses
  • Limited high-bonus categories outside of travel
  • The Points Guy Exclusive Offer: Earn 150,000 Membership Rewards® points after you spend $15,000 on eligible purchases with the Business Platinum Card® within the first 3 months of Card Membership.
  • Get 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com, and 1X points for each dollar you spend on eligible purchases.
  • Earn 1.5X points (that’s an extra half point per dollar) on eligible purchases at US construction material & hardware suppliers, electronic goods retailers and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more everywhere else, on up to $2 million of these purchases per calendar year.
  • Unlock over $1,000 in annual statement credits on a curation of business purchases, including select purchases made with Dell Technologies, Indeed, Adobe, and U.S. wireless service providers.
  • $200 Airline Fee Credit: Get up to $200 in statement credits per calendar year for checked baggage fees, lounge day passes, and more at one selected airline.
  • $189 CLEAR® Credit: Use your Card and get up to $189 back per year on your CLEAR® membership. CLEAR® is available at more than 50 U.S. airports and stadiums.
  • The American Express Global Lounge Collection® can provide an escape at the airport. With more than 1,400 airport lounges across 140 countries and counting, you have more lounge location options than any other credit card on the market as of 9/2021.
  • $695 Annual Fee.
  • Terms Apply.