The Capital One Venture X Rewards Credit Card entered the market a year ago with grand 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’s also quickly becoming my favorite card for everyday spending thanks to the 2 miles/dollar I get on every purchase.
It’s hard not to love a card offers a lot of valueincluding an annual $300 statement credit (plus up to 10 miles per dollar) on purchases through Capital One Travel, access to over 1,400 airport lounges worldwide, 10,000 miles anniversary rewards, and more.
The best part? This is available for a annual fee only $395 – much lower than competitors.
Sign up for our daily newsletter
I’m not the only one seeing incredible value from Venture X. Many of my colleagues here at The Points Guy have also taken full advantage of this card since it first launched a year ago.
Keep reading to learn how – and why – tags could be a great fit for your own wallet.
Benefits of the Capital One Venture X card
I mentioned some of the Venture X perks above, but there are many more. 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.
- Automatic annual statement credit up to $300 for bookings through Capital One Travel.
- Unlimited access to Capital One LoungeIncludes two guests for free.
- Unlimited access for you and two guests to Capital One’s Partner Lounge Network of over 1,400 locations, including Priority Pass locations, restaurant and Plaza Premium Lounge.
- 10,000 bonus miles per account anniversary, starting on your first anniversary.
- Up to four free authorized users – who will then have private access to the Capital One Lounge, Plaza Premium lounge, and Priority Card locations.
- Praise President Hertz . Circle Status.
- 10 miles for every dollar spent with Radish (until May 16, 2023).
- Up to $100 statement credit for TSA Pre-Check or Global Entry.
The card also comes with trip interruption and cancellation insurance, reimbursement for trip delays, and cell phone protection. And with Capital One Travel, you can save an average of 15% on flights using price alerts that tell you when is the best time to book. If you book when Capital One Travel recommends it, you’ll also get free discount protection. For added flexibility, you can even add the option to cancel your flight for any reason or freeze the price of your flight for a few days.
Plus, Capital One Travel proactively matches or beats hotel prices from Expedia and others, ensuring you get the best room rates.
Related: New 75,000 miles bonus, lower minimum spending requirements: Capital One Venture Review X
All of these benefits look great on paper, but I put Venture X through its paces this year – and it has earned a place in my wallet in the long run.
My first year with Venture X
The sign-up bonus is just one of the reasons why I jumped at the opportunity to add Venture X to my wallet. Sure, the current offer is worth $750 when used directly to buy travelbut here at TPG, we lock in those 75,000 miles at close to 1,400 dollars if you use Capital One’s excellent transfer partners strategically.
Here’s how I’ve made the most of Venture X since I opened the account earlier this year:
- Received a $300 statement credit for airline tickets booked through Capital One Travel – reducing my out-of-pocket expenses on an expensive flight to just over $200.
- Earned 10 miles per dollar on car rental booked through Capital One Travel in Hawaii – and got a free upgrade thanks to Hertz Presidential Council status.
- Gain access to the incredible Capital One Lounge in DFW during an extended break, allowing me to refuel with fresh, locally sourced food and relax with a craft cocktail.
- Miles are transferred to Air France-KLM Flying Blue in a transfer award for four one-way tickets from Paris to San Francisco, save me thousands of dollars.
I highly recommend the Venture X card not only for the generous perks and relatively low annual fees, but also because I earn 2 miles per dollar on my daily purchases. Mileage added up much faster, bringing me closer to my travel goals.
Other TPG employees
Don’t just listen to me. This is how other TPG employees use it Capital One Venture X Rewards Credit Card:
Colby Kirkpatrick, director of social media
One big Venture X bonus I’ve used this year is a $300 travel credit through Capital One Travel. With that, I covered almost the entire cost of my Chevrolet Tahoe rental $0 for road trip onto California’s iconic Highway 1 – and I used Capital One mile at a fixed value to clear the remainder of the purchase. Both are extremely easy to use.
Erica Silverstein, itineraries editor
I used the $300 travel credit when I wanted to stay a night in London in the West End area. Hotels in this popular tourist area are particularly expensive, so this largely offsets the cost of that stay. And I used my Priority Card membership to gain access to airport lounges at Washington’s Dulles International Airport (IAD) and Miami International Airport (MIA). I plan to use Global Entry credit to my son for the privilege that applies to any registration fees charged to Venture X, not just the primary cardholder.
Related: 6 things to do when you get your Capital One Venture X card
Hannah Streck, Senior SEO Manager
I would love to use the Priority Card lounge, which is especially useful for international travel, as not all major airlines have their own flagship lounges in European airports. I used $300 travel credit to buy a one-way ticket in premium economy class to Germany and I also love that I earn 10 miles per dollar when booking hotels through Capital One Travel. I’m saving up my miles to redeem them for a big trip next New Zealand and Australia.
Katie Genter, senior writer
I had Capital One Venture Rewards Credit Card since 2015, but I opened a Capital One Venture X Rewards Credit Card in March 2022 because its signup bonus is hard to refuse. I plan to use those miles by transferring them to one of the Capital One’s Transfer Partners.
In the meantime, I’ve received great value from Venture X. I use the card as daily spending card because I know I’ll earn at least 2 miles per dollar on all purchases – including things like camping reservations and charity donations, won’t normally earn rewards on other cards mine. I visited Capital One Lounge in Dallas many times and really think it is best lounge in Dallas to any cardholder. And I have benefited many times from discount protection after booking the flight through Capital One Travel with my X Venture card.
Matt Moffit, Senior Credit Card Editor
I signed up for Venture X the first month after it launched, because I was so eager to earn the initial signup bonus. I transferred my miles to Singapore Airlines KrisFlyer as part of promotion to win KrisFlyer Gold status by converting bank rewards to the program.
To share the benefits of using the lounge, I added family members and friends as authorized users in Venture X. This free benefit granted each of them access Free access to more than 1,400 lounges around the world thanks to Capital One’s extensive network.
Finally, I signed up for the Hertz President’s Circle status privilege included with this card. This has allowed me to skip the lines at some rental locations and get car upgrades.
Related: Tips and tricks to get maximum value from your Capital One miles
Key point
The Capital One Venture X Rewards Credit Card debuted a year ago – and it was a hit with many at TPG (myself included). Whether it’s saving money on expensive hotel stays with $300 travel credit, earning up to 10 miles per dollar on bookings through Capital One Travel, or enjoying extensive lounge access on the card ( including authorized users), there’s a lot to love about Venture X.
The card also earns at least 2 miles per dollar on every purchase and offers extensive travel protections, and the 10,000-mile bonus on the card’s one-year anniversary is certainly a reason to celebrate. .
Perhaps most importantly, the benefits of the card just keep getting better – with the recent announcements of Capital One Landingsa new food-focused airport lounge concept and Premium collectioncurated list of luxury hotels with exclusive privileges for Venture X cardholders.
All of this (and more) can be yours for the lowest annual fee of any premium travel card.
Don’t miss your chance to take the travel – and your rewards – beyond. Registration for Capital One Venture Card X today.
