Review: Capital One Venture X Rewards Credit Card

Capital One is one of the newer entrants to the transferable rewards world and introduced the Venture X Rewards Credit Card in November of 2021. This card is almost too good to be true with great perks and a great return on spending. This is the perfect card to use as a catch all for non bonused spend like shopping where you can earn 2x Capital One miles per dollar spent.

Learn More: Capital One Venture X

Capital One Venture X

Quick Facts

Welcome Bonus: Limited Time Offer: 100,000 Miles after spending $10,000 within 3 months from account opening.

Miles Earned: Capital One Miles which you can use for 1 cents each toward travel or better yet you can transfer them on a 1:1 basis to their 18 airline and 4 hotel partners. I value Capital One miles at 1.7 cents per point.

• Aeromexico

• Air Canada

• Avianca 

• British Airways

• Cathay Pacific

• Emirates

• Etihad

• EVA

• Finnair

• Japan Airlines

• Air France/KLM Flying Blue

• Qantas

• Qatar

• Singapore

• TAP Air Portugal

• Turkish

• Virgin Red (Parent company of Virgin Atlantic)

• Accor Live Limitless

• Choice Privileges

• Preferred Hotels

• Wyndham

Earnings Structure:
10x miles on hotels and car rentals booked through the Capital One Travel Portal.
5x miles on flights and vacation rentals booked through the Capital One Travel Portal.
2x miles on everything else

Foreign Transaction Fees: None

Annual Fee: $395

Annual Travel Credit: $300 when booked through the Capital One Travel Portal

Global Entry or TSA PreCheck Fee Credit: Up to $120

Anniversary Bonus: Earn 10,000 bonus miles on each cardholder anniversary

10x Miles on Hotels and Car Rentals Booked Through the Capital One Travel Portal

While this may sound enticing, there are some drawbacks to booking this way. There’s an opportunity cost to not booking directly and going through the portal. Not only is it much easier to deal directly with the company who is actually providing that travel but you also will earn miles with their loyalty program and have your elite status recognized. Additionally, you’ll generally find prices are better when booking directly. That is not the case when booking through Capital One’s or any other travel portal. If you have to change your plans or need to rebook, you must reach out to Capital One which can be a pain especially when you’re pressed for time. They’re acting as a liaison between you and the travel provider. It’s much easier to go straight to the source.

You will earn 2x miles on all other travel not booked through Capital One so this is still a great card for those purchases and what I would prefer.

$300 Travel Credit

While this card has a big $395 annual fee, it does offer a $300 travel credit which brings the annual fee down to an effective $95. You do have to book through the Capital One Travel Portal to get this credit, and you will also earn the full 5x-10x on your purchase.

10,000 Mile Anniversary Bonus

Each year when your card is renewed, you will receive 10,000 bonus miles just for keeping the card. Capital One values these 10,000 bonus miles at $100, however I can typically get more value out of these miles, so I value them at $170 (10,000 x 1.7 cents). If you use your $300 travel credit, adding in another $170 worth of miles means you’re coming out ahead when you factor in the annual fee.

Priority Pass Membership

This is another great perk of the Venture X. Priority Pass is a huge global lounge network with over 1,300 lounges worldwide. Some are great and some are just ok. But again, any lounge access is better than sitting in the terminal before a flight. You get to bring two guests with you as well.

The Club at CLT a Priority Pass Lounge

Capital One Venture Lounge Access

In addition to your Priority Pass membership, you also get access to Capital One’s growing network of Capital One Lounges. Currently they have lounges at Denver (DEN), Dallas (DFW), Las Vegas (LAS), and Washington Dulles (IAD). These lounges are much nicer than most Priority Pass lounges and are on par with or better than American Express’ Centurion Lounges and Chase’s Sapphire Lounges.

Capital One Lounge

Hertz President’s Circle Status

Capital One also offers all Venture X cardholders complimentary top tier President’s Circle status with Hertz. Typically this requires spending $3,000 on car rentals or renting 15 times per year. Hertz President’s Circle allows you to go up and choose whatever car you’d like in the President’s Circle aisle and drive right off. They typically have some pretty great upgrades for you to choose from.

TSA PreCheck or Global Entry Fee Credit

TSA PreCheck and Global Entry are easily what I value most when traveling. This credit is worth up to $120 depending on which route you go.

TSA PreCheck is a much less painful security check at airports where you don’t have to take your shoes and belt off, don’t have to remove your laptop, and you don’t have to go through the body scanner while holding your hands above your head.

Now, Global Entry is one of the unsung heroes of travel that a lot of people probably haven’t heard about. Not only does this allow you to skip the immigration line when returning home and just use a self service kiosk, it also comes with TSA PreCheck!

The Capital One Venture X offers a TSA PreCheck or Global Entry fee credit every 4 years. All you have to do is charge the fee to your card and it will get reimbursed.

Global Entry

Primary Car Rental Insurance

This is another great benefit with the Venture X. Capital One offers primary rental car insurance when booking a rental car with your card. As long as you decline the CDW when you rent Capital One will cover any damage up to the value of the car. Certainly check the exclusions as I’ve seen it won’t cover a rental like a Tesla but it can still be incredibly useful especially if you rent cars regularly.

Travel Protection

The Venture X also offers many great travel and purchase protections which can take the sting out when things go wrong on a trip.

• Lost Luggage Insurance: This will reimburse you for a lost or stolen bag.

• Trip Delay Reimbursement: If your travel is delayed more than 6 hours or requires an overnight stay, you and your family are covered for unreimbursed expenses, such as meals and lodging, up to $500 per ticket. This is huge and what I’ve used most in the past.

• Cell Phone Protection: If you lose or damage your cell phone, Capital One will reimburse you up to $800 twice per year. You do need to make your cell phone payment with your card to qualify and there is a $50 deductible.

Capital One Venture X Authorized User Perks

What really makes the Capital One Venture X Rewards Credit Card stand out is the perks afforded to your authorized users. This card allows you to add up to 4 authorized users for no fee. However, lounge access is changing on February 1st, 2026. So what do your authorized users get?

• Priority Pass Membership

• Capital One Lounge access

• Hertz President’s Circle membership

Now they don’t get the $300 travel credit or the 10,000 mile anniversary bonus which is understandable. Getting these additional benefits for your authorized users with no additional fee is another great reason for this card.

What If I Already Have the Capital One Venture?

Capital One annouced restrictions on October 29th on who is eligible for their welcome bonuses.

• Capital One Venture X: You are not eligible for the Capital One Venture X welcome bonus if you have earned the Capital One Venture X welcome bonus within the last 48 months.

• Capital One Venture: Customers are not eligible for the Capital One Venture welcome bonus if they have earned the Capital One Venture X welcome bonus or the Capital One Venture bonus within the last 48 months.

• Capital One VentureOne: Customers are not eligible for the Capital One VentureOne bonus if they have earned the Capital One Venture X, Capital One Venture, or the Capital One VentureOne welcome bonus within the last 48 months.

Is it Worth It?

Absolutely! The Capital One Venture X Rewards Credit Card is one of my favorite rewards credit cards out there. The limited time 100,000 miles welcome bonus coupled with the $300 travel credit for bookings through Capital One Travel, the 10,000 mile anniversary bonus, plus all the other incredible perks make this card a must have. There are certainly better cards out there to put other spending on but this is a great card to fill any gaps in your portfolio and ensure you earn a minimum of 2 miles per dollar on all purchases.

Capital One Venture X

The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved, or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.