Venture X Business loses Priority Pass restaurant access: Another one bites the dust
Another premium travel rewards credit card is losing Priority Pass restaurant access: The Capital One Venture X Business is next on the list, as first reported by MilesTalk.
We are unsurprised by this, as the popular Chase Sapphire Reserve® (see rates and fees) recently announced it is axing this benefit from July 1.
This removal is likely due to the Venture X switching from being a Mastercard to a Visa card in April.
However, existing cardholders of the Venture X Business will not be losing Priority Pass restaurant access — for now, at least — because they have the Mastercard version. Conversely, new cardholders are now issued a Visa, meaning they won't have access.
We reached out to Capital One, and they confirmed:
New Venture X Business cardholders will no longer receive access to the non-lounge airport experiences on Priority Pass through their program membership benefits. Currently, there are no plans to change this benefit for existing Venture X Business cardholders.
"This dilutes the card's value, and it is disappointing to not get advance notice. I expect this benefit to be removed from existing Mastercard cardholders sometime in the future," TPG managing editor for credit cards Matt Moffitt said.
That said, with a $395 annual fee brought down to effectively $95 by maximizing its $300 travel credits, this card still offers a very high-value proposition and is far cheaper than its competitors offering lounge access.
Bottom line
We are unsurprised that another credit card is losing Priority Pass restaurant access, as that seems to be the norm nowadays with premium credit cards. Existing cardholders of the Venture X Business will still have access to Priority Pass restaurants, but we do not expect that to last much longer.
With this news, we ask ourselves what card will cut Priority Pass restaurant access next, with few cards remaining.
TPG featured card
at Bilt's secure site
Terms & restrictions apply. See rates & fees.
| 1X | Earn up to 1X points on rent and mortgage payments with no transaction fee |
| 2X | Earn 2X points + 4% back in Bilt Cash on everyday purchases |
Pros
- Unlimited up to 1 Bilt Point per dollar spent on rent and mortgage payments
- Elevated everyday earnings with both Bilt Points and Bilt Cash
- $400 Bilt Travel Portal hotel credit per year (up to $200 biannually)
- $200 Bilt Cash annually
- Priority Pass membership
- No foreign transaction fees
Cons
- Moderate annual fee
- Housing payments may include transaction fees, depending on the payment method
- Designed primarily for members seeking a premium, all-in-one card
- Earn points on housing with no transaction fee
- Choose to earn 4% back in Bilt Cash on everyday spend. Use Bilt Cash to unlock point earnings on rent and mortgage payments with no transaction fee, up to 1X.
- 2X points on everyday spend
- $400 Bilt Travel Hotel credit. Applied twice a year, as $200 statement credits, for qualifying Bilt Travel Portal hotel bookings.
- $200 Bilt Cash (awarded annually). At the end of each calendar year, any Bilt Cash balance over $100 will expire.
- Welcome bonus (subject to approval): 50,000 Bilt Points + Gold Status after spending $4,000 on everyday purchases in the first 3 months + $300 of Bilt Cash.
- Priority Pass ($469/year value). See Guide to Benefits.
- Bilt Point redemptions include airlines, hotels, future rent and mortgage payments, Lyft rides, statement credits, student loan balances, a down payment on a home, and more.