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Who should (and shouldn’t) get the Capital One Venture X card?

March 08, 2022
8 min read
Photo shows signage leading to a Capital One lounge further down the hall
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One of the most exciting product launches in recent memory was the Capital One Venture X Rewards Credit Card.

In the fall, Capital One introduced its first-ever premium card. While its $395 annual fee is significant, the card offers a host of travel perks — from an up-to-$300 annual travel statement credit for purchases made through Capital One Travel to lounge access to up to four free authorized users — that can easily offset the full yearly cost of the card.

The card is a step up from the Capital One Venture Rewards Credit Card, the tried-and-true Capital One product that charges an annual fee of $95, but still offers a taste of what its more expensive sibling provides.

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Of course, the Venture X isn’t for everyone. Let’s dig a little deeper to see who should — and who shouldn’t — apply for this card.


Official application link: Capital One Venture X


Key benefits

(Photo by Wyatt Smith/The Points Guy)

The Capital One Venture X is currently offering a sign-up bonus of 75,000 bonus miles when you spend $4,000 on purchases in the first three months from account opening.

Those 75,000 miles are worth at least $750 when redeemed for travel directly through Capital One Travel or as statement credits toward other travel purchases. But their value is boosted to around $1,388 according to TPG’s latest valuations (not provided by the issuer), thanks to a robust set of airline and hotel transfer partners.

While that might be alluring enough on its own, the card extends plenty of other valuable, everyday benefits.

  • Earning: The Venture X earns 10 miles per dollar on hotels and car rentals booked via Capital One Travel, 5 miles per dollar on flights booked via Capital One Travel and an unlimited 2 miles per dollar on everything else.
  • Statement credit: Up to $300 back in statement credit annually for bookings made through Capital One Travel.
  • Anniversary bonus: 10,000 bonus miles every account anniversary, starting on your first anniversary (worth at least $100 toward travel).
  • Lounge access: Complimentary access for cardholders, authorized users and up to two guests per visit to Capital One Lounges and to more than 1,300 Priority Pass lounges worldwide.
  • Authorized users: Up to four authorized users can be added at no charge, and they also get Capital One Lounge access with up to two guests.
  • Global Entry or TSA PreCheck: Up to $100 in statement credits for either TSA PreCheck or Global Entry.
  • Annual fee: $395.

Who should get the Venture X

(Photo by John Gribben for The Points Guy)

If you’re considering the Venture X, let’s narrow down why the card might be the best fit for you.

You want simplicity in a premium card

The Venture X credit card is a premium card that is simple to understand. Unlike some other products with a dizzying array of statement credits and third-party partners, the Venture X keeps its perks relatively straightforward.

In fact, the Venture X offers benefits that even inexperienced travelers can maximize, including a $300 annual travel credit through the travel portal (hotels, airfare and rental cars qualify). The Venture X also adopts a simple earning structure, accruing 2 miles per dollar on most charges, complemented by elevated earning rates for bookings made via Capital One Travel.

In addition, Venture X cardholders receive 10,000 bonus miles every account anniversary. Those miles are worth $100 when redeemed via the travel portal or potentially even more if you transfer miles to an airline or hotel partner.

Simple math will show that between the annual travel credit and bonus miles each account anniversary, you’re already breaking even on the $395 annual fee. And that doesn’t include a variety of other perks …

Related: The most exciting premium card to come around in years: A review of Capital One Venture X

You want access to airport lounges

A drink at the Capital One Lounge at DFW. (Photo by Wyatt Smith/The Points Guy)

While more and more travel credit cards seem to offer airport lounge access these days, the Venture X still has a few features that set it apart in this respect.

Venture X cardholders will have access to a growing network of Capital One Lounges. Currently, the only one open is at Dallas-Fort Worth International Airport (DFW), but these high-end lounges will soon come to Denver International Airport (DEN) and Washington-Dulles International Airport (IAD). They will have Peloton bikes, nap pods and premium dining experiences, including a robust grab-and-go selection.

In addition, Venture X cardholders will get access to over 1,300 Priority Pass venues worldwide. This includes entrance to traditional lounges and Priority Pass dining locations in airports.

You want free authorized users

(Photo by Wyatt Smith/The Points Guy)

Venture X cardholders can add up to four authorized users for no cost.

That’s an excellent value proposition, considering authorized users get unlimited access to Capital One Lounges and Priority Pass lounges worldwide — and can even bring up to two guests in for free. Plus, at participating airport restaurants, your authorized user can get $28 to $30 toward food and drink.

In addition, authorized users get Hertz President’s Circle elite status. By registering through your Capital One account, your authorized user can enjoy top-tier status with Hertz car rentals.

You want some of the best travel protection benefits

This Visa Infinite card offers some of the most comprehensive travel and trip protection benefits in the industry.

That includes trip cancellation and interruption insurance, trip delay reimbursement, lost luggage reimbursement, cell phone protection, primary rental car protection, purchase protection, extended warranty protection and return protection.

Who should not get the Venture X

While the Venture X is an impressive, high-end card, it isn’t for everyone. Let’s take a closer look.

You want a robust network of premium lounges right now

The Venture X offers an extensive set of travel perks, but thus far, it has just one proprietary airport lounge open in the world.

Indeed, while Capital One has grand ambitions with its own lounge network, Amex has a significant head start with Centurion Lounges at more than 14 airports, as well as the Global Lounge Collection, which includes Priority Pass, Delta Sky Clubs (when flying on the same day with Delta) and more.

Therefore, certain flyers who hit the lounge a lot might prefer a card like The Platinum Card® from American Express.

You don’t travel much or plan to leverage transfer partners

To truly maximize the Venture X card, you should consider leveraging Capital One’s ever-improving travel transfer program.

Capital One has made several significant advancements to its mileage program over the past few years, including shifting from just fixed-rate redemptions to adding airline and hotel transfer partners and improving mileage transfer rates. These recent changes put Capital One’s rewards program onto a more equal footing with competitors such as American Express Membership Rewards and Chase Ultimate Rewards.

Currently, there are 17 airline and hotel transfer partners, with 15 of them transferring at a 1:1 ratio. If you don’t use transfer partners, the best you can do is a redemption rate of 1 cent per mile.

However, by utilizing transfer partners, there are several sweet spot redemption opportunities, including economy flights to Hawaii for just 7,500 Capital One miles by transferring to Turkish Miles & Smiles and redeeming for United flights, business-class flights to South America for 50,000 Capital One miles transferred to TAP and redeemed on United, and much, much more.

Bottom line

The Capital One Venture X Rewards Credit Card is an excellent option for those in the market for a premium credit card with easy-to-digest benefits. However, for those looking for a card with better lounge access or who don’t need the flexibility of airline and hotel transfer partners, there may be better options out there.

However, if you are considering applying for the Venture X, you'll want to act quickly.


Apply here for the Capital One Venture X and earn 75,000 bonus miles when you spend $4,000 on purchases in the first three months from account opening.


Additional reporting by Christina Ly.

Featured image by (Photo by Wyatt Smith/The Points Guy)
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.

TPG featured card

Best starter travel card
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 - 3X points
3XEarn 3 Points per $1 spent at Restaurants and Supermarkets
3XEarn 3 Points per $1 spent at Gas Stations, Air Travel and Hotels
1XEarn 1 Point per $1 spent on all other purchases

Intro offer

Earn 80,000 ThankYou® points60,000 points
For a limited time, earn 80,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening

Annual Fee

$95

Recommended Credit

670-850
Excellent, Good
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

The Citi Premier’s 3 points per dollar spent across a wide range of popular categories is one of the more lucrative offerings in the world of points and miles. The Citi Premier comes with a $95 annual fee and is currently offering a solid sign up bonus of 80,000 points after you spend $4,000 on purchases within the first three months. It also has some valuable transfer partners to make the most of your rewards. Add in access to Citi Entertainment plus a $100 hotel credit for any single-stay hotel booking that exceeds $500 or more, excluding taxes and fees, booked through the Citi travel website, there are few reasons why the Citi Premier should not be in every traveler’s wallet.

Pros

  • Earns 3x points on restaurants, supermarkets, gas stations, air travel and hotels.
  • $100 annual hotel savings benefit (on single hotel stay bookings of $500 or more, excluding taxes and fees, booked through thankyou.com)
  • Points transfer to 16 airline programs, from JetBlue to Virgin Atlantic.
  • World Elite Mastercard benefits, extended warranty, damage and theft protection.

Cons

  • $95 annual fee
  • Lacks travel protections that other travel rewards cards come with
  • For a limited time, earn 80,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening
  • Earn 3 Points per $1 spent at Restaurants and Supermarkets
  • Earn 3 Points per $1 spent at Gas Stations, Air Travel and Hotels
  • Earn 1 Point per $1 spent on all other purchases
  • Annual Hotel Savings Benefit
  • 80,000 Points are redeemable for $800 in gift cards when redeemed at thankyou.com
  • No expiration and no limit to the amount of points you can earn with this card
  • No Foreign Transaction Fees on purchases
Best starter travel card
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

3XEarn 3 Points per $1 spent at Restaurants and Supermarkets
3XEarn 3 Points per $1 spent at Gas Stations, Air Travel and Hotels
1XEarn 1 Point per $1 spent on all other purchases
  • Intro Offer
    For a limited time, earn 80,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening

    Earn 80,000 ThankYou® points
    60,000 points
  • Annual Fee

    $95
  • 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
    Excellent, Good

Why We Chose It

The Citi Premier’s 3 points per dollar spent across a wide range of popular categories is one of the more lucrative offerings in the world of points and miles. The Citi Premier comes with a $95 annual fee and is currently offering a solid sign up bonus of 80,000 points after you spend $4,000 on purchases within the first three months. It also has some valuable transfer partners to make the most of your rewards. Add in access to Citi Entertainment plus a $100 hotel credit for any single-stay hotel booking that exceeds $500 or more, excluding taxes and fees, booked through the Citi travel website, there are few reasons why the Citi Premier should not be in every traveler’s wallet.

Pros

  • Earns 3x points on restaurants, supermarkets, gas stations, air travel and hotels.
  • $100 annual hotel savings benefit (on single hotel stay bookings of $500 or more, excluding taxes and fees, booked through thankyou.com)
  • Points transfer to 16 airline programs, from JetBlue to Virgin Atlantic.
  • World Elite Mastercard benefits, extended warranty, damage and theft protection.

Cons

  • $95 annual fee
  • Lacks travel protections that other travel rewards cards come with
  • For a limited time, earn 80,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening
  • Earn 3 Points per $1 spent at Restaurants and Supermarkets
  • Earn 3 Points per $1 spent at Gas Stations, Air Travel and Hotels
  • Earn 1 Point per $1 spent on all other purchases
  • Annual Hotel Savings Benefit
  • 80,000 Points are redeemable for $800 in gift cards when redeemed at thankyou.com
  • No expiration and no limit to the amount of points you can earn with this card
  • No Foreign Transaction Fees on purchases