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8 frequently asked questions about the Capital One Venture X card

May 13, 2022
10 min read
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The Capital One Venture X Rewards Credit Card launch in November of 2021 represented one of the most exciting credit cards to come around in a long time.

As Capital One’s flagship card, the Venture X is an addition to the world of premium travel rewards cards, taking on incumbent players like The Platinum Card® from American Express and Chase Sapphire Reserve.

The $395-per-year Venture X not only undercuts its main competitors in terms of an annual fee, but it also includes a list of valuable (and comprehensive) perks. Highlights include up to $300 in annual statement credits for bookings made through the Capital One Travel portal, access to Capital One Lounges and Priority Pass lounges and a 10,000-mile anniversary bonus for each cardmember year.

Official application link: Capital One Venture X with 75,000 bonus miles after you spend $4,000 on purchases in the first three months from account opening.

But there is even more value lurking just beneath the surface, including eligibility to apply even if you’re already an existing Capital One Venture Rewards Credit Card cardholder (so you can score the card’s solid welcome bonus), the ability to add authorized users for free and robust cardholder protections via the card’s Visa Infinite affiliation.

If you’re considering Venture X, here are answers to eight of the major questions you might have.

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Can I apply for Venture X as an existing Venture cardholder?

(Photo by John Gribben for The Points Guy)

One of the most pressing questions concerns existing Capital One customers – specifically, whether you can apply for the Venture X if you already have the similarly named Capital One Venture Rewards Credit Card.

The quick answer is: Yes, you can apply for the Venture X card as an existing Venture cardholder. Unlike the Chase Sapphire Preferred Card and Chase Sapphire Reserve – where you can only have one or the other open at any given time – you can hold both the Venture and the Venture X.

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For example, TPG’s Nick Ewen and David Slotnick both applied for the Capital One Venture when it offered an up-to-100,000-mile welcome bonus back in April 2021. Both were then able to get approved for the Venture X, less than a year from when they applied for the Venture.

That’s great news, since it means you can apply for the Venture X’s excellent 75,000-mile sign-up bonus and rack up even more Capital One Miles toward travel, even if you already have the Venture.

Related: Capital One launches Venture X, its first-ever premium travel credit card

What are the application restrictions for Capital One cards?

Historically, Capital One has restricted the number of its personal credit cards you have open to two. Cobranded cards and small-business cards (such as the Capital One Spark Miles for Business) are generally excluded.

Capital One is also known to have a rule when it comes to timing your applications. You’re typically only able to get approved for one Capital One card every six months.

Capital One is also pretty sensitive when it comes to recent credit inquiries if you’ve applied for other cards lately. Anecdotally, though, reports indicate that Capital One may have made it easier to be approved for the Venture X, even if you’ve had multiple card applications in the recent past.

Be strategic about when you apply. For instance, you may want to consider a Chase credit card before the Venture X. That’s because this card will fall under Chase’s “5/24 rule,” meaning you likely will not be approved for a Chase credit card if you’ve opened five or more personal credit cards across all banks in the last 24 months. So if you’re getting near that limit and the Venture X would set you over it, you might want to apply for a Chase card first and then look to the Venture X, since Capital One does not have such a restriction in place at this time.

Related: The ultimate guide to credit card application restrictions

Can I upgrade to Venture X as an existing Venture cardholder?

(Photo by John Gribben for The Points Guy)

According to a Capital One spokesperson, current Venture cardholders whose accounts are in good standing can contact the issuer’s customer service desk to see if they are eligible for an upgrade to Venture X.

Each applicant’s situation will be different and evaluated on a case-by-case basis. In TPG's test calls to Capital One, phone agents offered to upgrade most of our Venture cards to Venture X cards, but reiterated that cardholders would not be eligible for a welcome bonus.

That said, TPG's executive editor Scott Mayerowitz was told he wasn't eligible to upgrade his Venture to the Venture X after being denied as a new applicant. So, as the saying goes, your mileage may vary.

Of course, it’s also very important to evaluate whether you should upgrade or apply as a new applicant.

Upgrades generally have zero impact on your credit score and in many cases, you’ll even keep the same account number. However, you’ll lose out on this significant welcome bonus, which is currently 75,000 bonus miles after you spend $4,000 on purchases in the first three months.

So even if you’re eligible to upgrade, you might want to apply for the Venture X outright instead.

Can I combine my Capital One miles across multiple cards?

Yes, you can combine your Capital One miles from cards such as the Capital One Venture, Capital One Venture X and Capital One Spark Miles for Business.

To do this, you'll need to have the applicable cards associated with the same Capital One online profile. Then, simply log in to your account, navigate to the rewards section and find the Move Rewards option.

Is there a fee to add authorized users to Venture X?

No, there is no fee to add up to four authorized users to your Venture X account.

What are the authorized user benefits on Venture X?

Capital One Lounge DFW. (Photo by Wyatt Smith/The Points Guy)

Venture X authorized users will have the same Visa Infinite benefits as the primary cardholder, including travel, purchase, luggage and rental car protections (detailed below). In addition, authorized users receive complimentary access for themselves and up to two guests per visit to Capital One Lounges and for themselves and all accompanying guests to more than 1,300 Priority Pass lounges worldwide.

Both the primary cardholder as well as authorized users receive Hertz President’s Circle status.

Related: Stacking rental car perks with Hertz and the Venture X

What travel and shopping protections does the Venture X offer?

Similar to the Chase Sapphire Reserve, the Venture X is denoted as a Visa Infinite credit card and includes a host of protections when using your card:

  • Trip cancellation and interruption insurance: Up to $2,000 per person for you and immediate family members for pre-paid, non-refundable tickets.
  • Trip delay reimbursement: Up to $500 per person for reasonable expenses like hotel rooms, food, toiletries or clothes when your flight is delayed overnight or by six hours or more.
  • Lost luggage reimbursement: Up to $3,000 per covered trip if the airline damages or loses your bags.
  • Cellphone protection: By using the card to pay your monthly wireless bill, you’re eligible for up to $800 in coverage per claim with a maximum of two claims and $1,600 per 12-month period. A $50 deductible applies per occurrence.
  • Primary rental car insurance: Up to $75,000 due to damage caused by collision or theft to a rental car.
  • Purchase, extended warranty, and return protection: Up to $10,000 per claim and $50,000 per account on purchases; warranties extended by an additional year; returns up to $300 per item and $1,000 per account.

Like some other premium card programs, the Visa Infinite program also includes a dedicated concierge service that can assist with travel and dining arrangements, shopping, access to exclusive events and more.

Find Capital One Venture X’s full guide to benefits here (warning: PDF link).

What kind of rental car benefits and protection do I get with Venture X?

(Photo by Cindy Ord/Getty Images)

The Venture X offers complimentary Hertz President’s Circle status, which provides perks such as guaranteed one-class car upgrades and a dedicated Hertz customer service number. (Check out this article for more on how to stack your rental car perks with Hertz and the Venture X.)

Primary cardholders must enroll through the Benefits Tab link found within the Capital One website or app after logging in. Authorized users are eligible for the benefit as well, but the primary account holder must enroll them on their behalf online. After successful registration, Hertz will process the request, and the status will be effective 24-72 hours after registration.

Through Visa Infinite, you also can get primary rental car coverage for up to $75,000 due to damage to a rental car caused by collision or theft.

Benefits are only available to accounts approved for the Visa Infinite card. Terms apply.

Bottom line

The Capital One Venture X has mass appeal and is open to a broader array of applicants than you might initially think. Venture cardholders will likely be better off applying for a new Venture X card instead of upgrading, as you won’t earn a sign-up bonus from an upgrade.

In addition, there are a lot of under-the-radar perks on Venture X, including Visa Infinite benefits with a robust array of trip, luggage, car rental and purchase protections. Finally, Venture X stands out from the rest of the crowd for its no-fee authorized user policy, which includes unlimited lounge access and even Hertz President’s Circle status.

For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply

Upon enrollment, accessible through the Capital One website or mobile app, eligible cardholders will remain at upgraded status level through December 31, 2024. Please note, enrolling through the normal Hertz Gold Plus Rewards enrollment process (e.g. at will not automatically detect a cardholder as being eligible for the program and cardholders will not be automatically upgraded to the applicable status tier. Additional terms apply

Official application link: Capital One Venture X with 75,000 bonus miles after you spend $4,000 on purchases in the first three months.

Additional reporting by Ryan Wilcox.

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.