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One year in, here's why TPG staffers are loving the Capital One Venture X card

Oct. 27, 2022
9 min read
Old town with trees in autumn colors, Neuburg an der Donau, Bavaria, Germany
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The Capital One Venture X Rewards Credit Card entered the market one year ago with big plans to disrupt the premium travel card industry. I’m a fan, and I’ve taken advantage of almost every benefit on the card since I opened it. It also quickly became my preferred card for everyday spending thanks to the 2 miles per dollar I get on every purchase.

It’s hard not to love a card that offers so much value, including an annual up to $300 statement credit (plus up to 10 miles per dollar) for purchases through Capital One Travel, access to over 1,400 airport lounges worldwide, a 10,000-mile anniversary bonus and more.

The best part? This is available for an annual fee of just $395 — well below its competitors.

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I’m not the only one who’s seen incredible value from Venture X. Many of my colleagues here at The Points Guy have also been making the most of the card since it first launched a year ago.

Keep reading to find out how — and why — the card could be a great fit for your own wallet.

Benefits of the Capital One Venture X card

I mentioned a few of Venture X’s perks above, but there are so many. Here’s a quick rundown of the most valuable:

  • 75,000 miles after you spend $4,000 on the card in the first three months.
  • Up to $300 automatic annual statement credit for bookings through Capital One Travel.
  • Unlimited access to Capital One Lounges, including two complimentary guests.
  • Unlimited access for you and two guests to Capital One’s Partner Lounge Network of over 1,400 locations, including Priority Pass locations, restaurants and Plaza Premium lounges.
  • 10,000 bonus miles every account anniversary, starting on your first anniversary.
  • Up to four authorized users at no additional cost — who then get their own access to Capital One Lounges, Plaza Premium lounges and Priority Pass locations.
  • Complimentary Hertz President’s Circle status.
  • 10 miles per dollar spent with Turo (through May 16, 2023).
  • Up to $100 in statement credits for either TSA PreCheck or Global Entry.

The card also comes with trip cancellation and interruption insurance, trip delay reimbursement and cellphone protection. And with Capital One Travel, you can save an average of 15% on flights using price alerts that notify you when it’s the best time to book. If you book when Capital One Travel recommends, you’ll also get free price drop protection. For added flexibility, you can even add the option to cancel your flight for any reason or freeze a flight price for a few days.

In addition, Capital One Travel proactively matches or beats hotel rates from Expedia and others, ensuring you get the best price on your room.

Related: New 75,000-mile bonus, lower minimum spending requirement: A review of Capital One Venture X

All of these benefits look great on paper, but I’ve put Venture X through its paces this year — and it’s earned a spot in my wallet for the long term.

My first year with Venture X

The Capital One Lounge at Dallas Fort Worth International Airport (DFW) features local food and craft cocktails. WYATT SMITH/THE POINTS GUY

The sign-up bonus was only one of the reasons why I jumped at the chance to add Venture X to my wallet. Sure, the current offer is worth $750 when used directly for travel purchases, but here at TPG, we peg those 75,000 miles at nearly $1,400 if you strategically utilize Capital One’s fantastic transfer partners.

Here’s how I’ve made the most of the Venture X since I opened an account earlier this year:

  • Received a $300 statement credit for airfare booked through Capital One Travel — dropping my out-of-pocket cost for an expensive flight down to just over $200.
  • Earned 10 miles per dollar on rental cars booked through Capital One Travel in Hawaii — and enjoyed a complimentary upgrade thanks to Hertz President’s Circle status.
  • Gained access to the incredible Capital One Lounge in DFW during a long layover, allowing me to fuel up with fresh, locally-sourced food and relax with a craft cocktail.
  • Transferred miles to Air France-KLM Flying Blue during a transfer bonus for four, one-way tickets from Paris to San Francisco, saving me thousands of dollars.

I appreciate the Venture X card not only for its generous perks and comparatively low-annual fee, but also because I earn 2 miles per dollar on my everyday purchases. The miles add up that much faster, putting me even closer to my travel goals.

Other TPG staffers

Don’t just take my word for it. Here’s how other TPG staffers use the Capital One Venture X Rewards Credit Card:

Colby Kirkpatrick, social media manager

One big Venture X reward I used this year was the $300 travel credit through Capital One Travel. With that, I covered almost the entire cost of my Chevrolet Tahoe car rental on my $0 Road Trip up California’s iconic Highway 1 — and I used Capital One miles at a fixed value to erase the rest of the purchase. Both were incredibly easy to use.

Erica Silverstein, cruise editor

I used the $300 travel credit when I wanted to stay one night in London in the West End area. The hotels in this popular tourist area were especially pricey, so this offset most of the cost of that stay. And I've used the Priority Pass membership to get airport lounge access at Washington, D.C.'s Dulles International Airport (IAD) and Miami International Airport (MIA). I plan to use the Global Entry credit for my son since the perk applies to any application fee charged to Venture X, not just that of the primary cardholder.

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

Hannah Streck, senior SEO manager

I’ve enjoyed having access to Priority Pass lounges which has been particularly helpful for international travel, as not all major carriers have their flagship lounges in European airports. I used the $300 travel credit toward a one-way ticket in premium economy to Germany, and I also like that I earn 10 miles per dollar when I book hotels through Capital One Travel. I’m saving my miles to redeem them for a big trip to New Zealand and Australia.

A trip down under is on one TPG staffer's list using Capital One miles. AIRPHOTO AUSTRALIA/GETTY IMAGES

Katie Genter, senior writer

I've had the Capital One Venture Rewards Credit Card since 2015, but I opened a new Capital One Venture X Rewards Credit Card in March 2022 because its sign-up bonus was difficult to refuse. I plan to use those miles by transferring them to one of Capital One's transfer partners.

In the meantime, I've gotten great value from Venture X. I use the card as my everyday spending card since I know I'll earn at least 2 miles per dollar on all purchases — including things like campsite reservations and charity donations, which usually wouldn't earn bonus rewards on my other cards. I've visited the Capital One Lounge in Dallas several times and really do think it's the best lounge in Dallas for any cardholder. And I've benefited several times from price drop protection after booking flights through Capital One Travel with my Venture X card.

Matt Moffit, senior credit cards editor

I applied for Venture X the first month after it came out, as I was eager to earn the initial sign-up bonus. I transferred my miles to Singapore Airlines KrisFlyer as part of a promotion to earn KrisFlyer Gold status by converting bank rewards to the program.

To share the benefit of lounge access, I added family members and friends as authorized users on my Venture X. This free benefit has granted each of them complimentary access to over 1,400 lounges around the world thanks to Capital One’s extensive network.

Finally, I signed up for the Hertz President's Circle status perk included with this card. This has let me skip the line at some rental locations and receive car upgrades.

Related: Tips and tricks to get maximum value from your Capital One miles

Bottom line

The Capital One Venture X Rewards Credit Card launched one year ago — and it’s been a hit with many at TPG (myself included). Whether it’s saving money on otherwise expensive hotel stays with the $300 travel credit, earning up to 10 miles per dollar on bookings through Capital One Travel or enjoying the extensive lounge access on the card (including for authorized users), there’s a lot to love about Venture X.

The card also earns at least 2 miles per dollar on every purchase while offering extensive travel protections, and the 10,000-mile bonus on the one-year card anniversary is definitely a reason to celebrate.

Perhaps most importantly, the card's benefits keep getting better — with recent announcements of Capital One Landings, a new culinary-focused airport lounge concept and Premier Collection, a curated list of luxury hotels with exclusive perks for Venture X cardholders.

All of this (and more) can be yours with the lowest annual fee of any premium travel card.

Don’t miss out on the chance to take your travel — and your rewards — further. Apply for the Capital One Venture X card today.

Featured image by HARALD NACHTMANN/GETTY IMAGES

TPG featured card

Best card for premium perks while traveling
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

2 - 10X points
10XEarn unlimited 10X miles on hotels and rental cars booked through Capital One Travel
5X5X miles on flights booked through Capital One Travel.
2X2 Miles per dollar on every purchase, every day

Intro offer

75,000 miles
Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel

Annual Fee

$395

Recommended Credit

740-850
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

The Capital One Venture X card is one of the best all-round travel credit cards ever launched. Not only is it offering a tremendous welcome bonus, but cardholders can earn tons of miles on everyday spending and receive a 10,000-mile anniversary bonus to boot. Its annual fee is $395, but cardholders can count on up to $300 in statement credits toward travel booked through Capital One Travel each year and other valuable benefits like access to Priority Pass lounges and Capital One’s own growing family of airport lounges.

Pros

  • Excellent welcome offer worth 75,000 miles after you spend $4,000 on purchases in the first three months.
  • Up to $300 in annual travel statement credits toward bookings make through Capital One Travel.
  • 10,000 bonus miles (worth $100 toward travel) each account anniversary.

Cons

  • The $395 annual fee might be expensive for some, but this card’s benefits provide much more value than that.
  • If you don’t travel frequently, this might not be the best card for you.
  • Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel
  • Receive up to $300 back annually as statement credits for bookings through Capital One Travel, where you'll get Capital One's best prices on thousands of options
  • Get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary
  • Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights booked through Capital One Travel
  • Earn unlimited 2X miles on all other purchases
  • Unlimited complimentary access for you and two guests to 1,300+ lounges, including Capital One Lounges and the Partner Lounge Network
  • Receive up to a $100 credit for Global Entry or TSA PreCheck®
  • Use your Venture X miles to easily cover travel expenses, including flights, hotels, rental cars and more—you can even transfer your miles to your choice of 15+ travel loyalty programs
  • Named editors' choice for "Best New Credit Card of 2021" by The Points Guy
  • Earn 10 miles per dollar when you book on Turo, the world's largest car sharing marketplace, through May 16, 2023
Best card for premium perks while traveling
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

10XEarn unlimited 10X miles on hotels and rental cars booked through Capital One Travel
5X5X miles on flights booked through Capital One Travel.
2X2 Miles per dollar on every purchase, every day
  • Intro Offer
    Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel

    75,000 miles
  • Annual Fee

    $395
  • 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.

    740-850
    Excellent

Why We Chose It

The Capital One Venture X card is one of the best all-round travel credit cards ever launched. Not only is it offering a tremendous welcome bonus, but cardholders can earn tons of miles on everyday spending and receive a 10,000-mile anniversary bonus to boot. Its annual fee is $395, but cardholders can count on up to $300 in statement credits toward travel booked through Capital One Travel each year and other valuable benefits like access to Priority Pass lounges and Capital One’s own growing family of airport lounges.

Pros

  • Excellent welcome offer worth 75,000 miles after you spend $4,000 on purchases in the first three months.
  • Up to $300 in annual travel statement credits toward bookings make through Capital One Travel.
  • 10,000 bonus miles (worth $100 toward travel) each account anniversary.

Cons

  • The $395 annual fee might be expensive for some, but this card’s benefits provide much more value than that.
  • If you don’t travel frequently, this might not be the best card for you.
  • Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel
  • Receive up to $300 back annually as statement credits for bookings through Capital One Travel, where you'll get Capital One's best prices on thousands of options
  • Get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary
  • Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights booked through Capital One Travel
  • Earn unlimited 2X miles on all other purchases
  • Unlimited complimentary access for you and two guests to 1,300+ lounges, including Capital One Lounges and the Partner Lounge Network
  • Receive up to a $100 credit for Global Entry or TSA PreCheck®
  • Use your Venture X miles to easily cover travel expenses, including flights, hotels, rental cars and more—you can even transfer your miles to your choice of 15+ travel loyalty programs
  • Named editors' choice for "Best New Credit Card of 2021" by The Points Guy
  • Earn 10 miles per dollar when you book on Turo, the world's largest car sharing marketplace, through May 16, 2023