The Capital One Venture X credit card is one of my favorite travel rewards cards. This card comes with several great benefits, the points are easy to redeem and the annual fee is very reasonable. This is why the card is one of my favorites to recommend to most people.
In 2021, Capital One stepped into the premium travel card space when it launched the Venture X card. This card directly competes with The Platinum Card® from American Express and the Chase Sapphire Reserve® cards. In my opinion, it’s definitely giving both of these cards a run for their money.
Currently, the Venture X card comes with a 75,000 point welcome bonus after spending $4,000 within the first 3 months of opening your account.
These points can be worth $750 if you redeem them for travel directly through Capital One. However, these points can be worth significantly more if you transfer them to one of Capital One’s travel partners. I’ll list our the transfer partners down below.
This card comes with a $395 annual fee. This is significantly less than other premium rewards cards and comes with comparable benefits. Like all cards with annual fees, you should be getting more in benefits than the cost of the fee. So let’s get into the benefits.
Venture X Benefits
This Venture X card comes with some fantastic benefits. This isn’t a comprehensive list but here are several of my favorite benefits.
Travel Credit – You will get up to $300 in statement credits each year for travel booked directly with Capital One Travel. In my opinion, getting the full $300 credit is super easy to do.
Anniversary Bonus – Starting on your first card anniversary, you’ll get 10,000 bonus miles each year. If you use these points as a statement credit, their worth $100.
Lounge Access – With this card, you’ll get a free Priority Pass membership to airport lounges around the world and Capital One lounges. This give access for both you and 2 guests. of all the lounges I’ve visited, the Capital One lounge in DFW is by far my favorite!
Hertz Status – You’ll get free Hertz President’s Club status just by having the card. I love this benefit! When you rent with Hertz, you can pick any car from the President’s Circle row when you rent a midsize car or above. Plus, you can skip the rental counter and go straight to your car which can save so much time!
Global Entry/TSA PreCheck – You get up to a $100 statement credit for your Global Entry or TSA PreCheck application fee.
Cell Phone Protection – If you pay your monthly wireless phone bill with your Venture X card, you’re eligible for up to $800 in coverage per claim with a maximum of two claims and $1,600 per 12-month period. There is a $50 deductible applies per occurrence.
There are other free benefits, like trip delay insurance, primary car rental insurance and extended warranty coverage and others as well.
Earning More Points
Earning more points with the card is pretty straightforward. You can earn more points with the Venture X in the following ways:
10X – You’ll earn 10 times the points on every dollar you spend on hotels and car rentals when booked directly with Capital One Travel.
5X – You’ll also earn 5 times the points on all airfare purchases made directly with Capital One Travel.
2X – Finally, you’ll earn 2 times the points on all other purchases you make with the card.
Redeeming Your Points
Transferring Points – Capital One has several fantastic travel partners you can transfer your points to. Typically, this is the best way to get the most value out of your points.
Statement Credits – You can also redeem your points to offset travel purchases via statement credits. You can offset any purchase the codes as travel using your points at a rate of 1 cent per point. This is a simple way to redeem your points
Future Travel – You can book travel directly with Capital One Travel and use your points to pay for it. Again, you can redeem your points at a flat 1 cent per point for this as well.
Gift Cards – You can redeem your points for a variety of gift cards at a rate of 1 cent per point.
Cash Back – If you want straight cash back, you can request it at a rate of 0.5 cents per point. Please don’t do this. If you want the cash, just get a bunch of gift cards to stores where you shop.
Capital One Transfer Partners
All points transfer at a 1:1 ratio with the respective partners, with the exceptions noted below. You can transfer the points you earn with the Venture X card to the following travel partners:
- Aeromexico Club Premier – Points transfer instantly
- Air Canada Aeroplan – Points transfer instantly
- Air France/KLM Flying Blue – Points transfer instantly
- Avianca LifeMiles – Points transfer instantly
- Accor Live Limitless (2:1) – Points transfer in 1 day
- British Airways – Points transfer instantly
- Cathay Pacific Asia Miles – Points transfer in 5 days
- Choice Privileges – TBD Transfer Time
- Emirates Skywards – Points transfer instantly
- Etihad Guest – Points transfer within 24 hours
- Eva Infinity MileageLands (2:1.5) – Points transfer within 36 hours
- Finnair Plus – Points transfer instantly
- Qantas Frequent Flyer – Points transfer within 24 hours
- Singapore Airlines KrisFlyer – Points transfer within 36 hours
- Tap Portugal – Points transfer instantly
- Turkish Airlines – Points transfer instantly
- Virgin Atlantic Red – Points transfer instantly
- Wyndham Rewards – Points transfer instantly
Some of my favorite ways to use my Capital One points are to transfer to Turkish Airlines Miles & Smiles program to take advantage of their sweet spots. I also like us British Airways for flights to Mexico and nonstop domestic routes.
The Capital One Venture X card is one of my favorite travel rewards cards. In fact, both my wife and I have this card in our wallets. I think the benefits are top-tier and easy to use. I think most people can easily get enough value out of this card to make it worth paying the annual fee each year. If you don’t have this card, I would strongly recommend you taking a closer look to see if it’s right for you.